Master Funders Review

MasterFunders is a prop trading firm offering simulated funding up to $200,000, biweekly payouts, and profit splits of up to 90%. Traders benefit from flexible rules, low-cost challenges, and a wide range of trading instruments.

✅ Pros

• Profit split up to 90%
  
• Entry-level $5 Speed Challenge with 500:1 leverage
  
• Second Life and Reset features provide extra chances
  
• No time limits on Core and Lite challenges
  
• First payout processed within 72 hours, then payouts available on demand
  
• No consistency rules
  
• News trading is allowed
  
• Access to Forex, Crypto, Indices, and Commodities
  

❌ Cons

• No expert advisors (EAs) or trade copiers allowed
  
• VPN use is restricted unless approved
  
• Not available to residents of the U.S. and other restricted countries
  

What Is MasterFunders?

MasterFunders is a Cyprus-based proprietary trading firm that allows traders to access up to $200,000 in simulated funding while keeping up to 90% of their trading profits.

This firm caters to traders seeking adaptable conditions, practical guidelines, and a variety of evaluation options. By providing a simulated trading environment, MasterFunders eliminates the risk of losing your own capital while still offering the potential for real payouts. Whether your goal is to advance your trading career or experiment with different strategies within a well-defined framework, MasterFunders presents a straightforward route for development and earnings.

Key Features – Why Traders Choose MasterFunders

✅ Up to 90% Profit Split
Master Traders start with an 80% split, which can increase to 90% based on performance and consistency.

✅ $5 Speed Challenge with 500:1 Leverage
A one-day, high-leverage challenge designed to test trading skill quickly. Successful traders unlock a full Core Challenge at no extra cost.

✅ Fast Payouts
Traders receive their first payout within 72 hours, and after that, payouts are available on demand.

✅ No Time Limits, No Consistency Rules, News Trading Allowed
Trade at your own pace with no time limits, no consistency requirements, and full permission to trade during news events. You’re in control of how and when you trade.

✅ Second Life and Reset Options
Unique features that give traders a second chance. “Second Life” allows continuation from the second phase, and the “Reset” restores the original account balance.

✅ Wide Range of Tradable Assets
Trade major markets including Forex, Commodities, Indices, and Cryptocurrencies—all under one platform with transparent conditions.

Which MasterFunders Challenge Should You Pick?

MasterFunders offers three challenge types designed for different trading styles and experience levels: Core, Lite, and the 24-Hour Speed Challenge.

Core Challenge

The Core Challenge is a two-step evaluation with 8% and 5% profit targets. You’ll need to stay within a 5% daily and 10% overall drawdown. There are no time limits, no minimum trading days, and you can start with as little as $25.

Lite Challenge

The Lite Challenge has 5% targets for both steps and uses a stricter 5% cap on both daily and total drawdown. There’s no time pressure and the entry fees are slightly higher than Core. It’s aimed at traders who want simpler metrics with tighter risk limits.

24-Hour Speed Challenge

The Speed Challenge is a one-day, high-leverage test. It costs $5 and gives you 24 hours to hit a 10% profit while keeping drawdown under 10%. You must complete at least 5 unique trades, each earning 2% or more. Pass it, and you get a Core Challenge of the same account size, no refund, but no extra fee either.

Quick Challenge Comparison Table

Challenge	Profit Target	Max Loss	Daily Loss	Leverage	Time Limit	Cost	Refundable	Profit Split
Core	8% (Step 1), 5% (Step 2)	10%	5%	1:100	None	From $25	Yes	Up to 90%
Lite	5% (Step 1), 5% (Step 2)	5%	5%	1:100	None	From $29	Yes	Up to 90%
Speed Challenge	10% (1 phase)	10%	5%	1:500	24 hours	$5	No	Unlocks Core Challenge

How MasterFunders Pays You and Grows Your Account

Fast Payouts

Traders can request their first payout within 72 hours of becoming funded. After that, payouts are on demand—whenever the trader chooses. Funds can be withdrawn via bank transfer, Skrill, or cryptocurrency, with no payout fees from MasterFunders.

Profit Splits: 80% to 90%

• Default split: 80%
  
• Eligible traders who meet consistency targets and scaling requirements can unlock up to 90% profit share
  

Scaling Plan

MasterFunders rewards consistency with structured growth:

• Account grows by +25% every 3 months
  
• Max total increase: +100% within 12 months
  
• To qualify:
  
  • Achieve 10% profit per quarter
    
  • Complete 4 successful payouts per quarter
    
  • Your account must be in profit at scale-up time
    

Account Merging

If you pass multiple challenges, you can merge funded accounts up to a combined maximum of $400,000. This gives traders room to scale up while keeping capital concentrated in fewer accounts.

Trading Rules & Conditions – The Fine Print You Should Actually Care About

MasterFunders keeps its rules trader-friendly, but there are a few things you need to know before jumping in:

✅ Flexible Conditions

• Hold trades overnight and during weekends
  
• News trading is allowed—you can trade through high-impact events
  

❌ What’s Not Allowed

• No EAs (Expert Advisors) or trade copiers—trading must be manual
  
• No unauthorized VPNs—using a VPN without prior approval can lead to account restrictions
  

Account Limits

• Traders are allowed one account, but can take multiple challenges simultaneously
  
• Combined funded account balances cannot exceed $200,000
  
• Once funded, accounts from multiple passed challenges can be merged, up to the $200K cap
  

These conditions strike a balance between giving traders freedom and protecting the integrity of the platform. Just follow the rules, and you won’t run into any surprises.

Fees & Refunds – Is It Worth the Price Tag?

MasterFunders keeps entry costs low and offers full refunds for Core and Lite challenges once you pass the evaluation.

Refundable Fees

• Core and Lite Challenge fees are fully refundable after you pass both steps and receive funding
  
• Refunds are returned after you complete the challenge and request a payout
  

Entry Costs

• Challenge fees start as low as $25 (for a $2,500 account)
  
• Larger accounts (e.g. $100K) are available with higher fees, still competitive compared to other firms
  

Speed Challenge – No Refund, But Still Value

• The $5 Speed Challenge is non-refundable
  
• However, passing it gives you a free Core Challenge of the same account size—essentially a value swap
  

MasterFunders offers one of the lowest-cost entry points in the industry without compromising on payout potential. If you’re serious about trading but don’t want to risk large upfront fees, this structure makes a lot of sense.

Career Path Program – A Route to Full-Time Trading

MasterFunders offers a formal career path for traders who can demonstrate consistency over time. To qualify, a trader must:

• Achieve a total profit of 40% within 12 months (before profit split)
  
• Complete at least four successful payout cycles per quarter
  

Traders who meet these criteria may receive a fixed salary, access to larger accounts, and a 90/10 profit split. There’s also the option to relocate to Cyprus to work directly from the MasterFunders office.

The program is structured, but selective. It’s not a shortcut—it’s a long-term path for traders who consistently perform.

Master Partners Affiliate Program – 30% Lifetime Commissions?

The affiliate structure is tiered based on the number of active referrals. Commissions range from 15% to 30%, and payouts are based on total referral purchases.

Key features include:

• Lifetime earnings from each referral (as long as they stay active)
  
• Real-time tracking through a partner dashboard
  
• Simple withdrawal process with low payout thresholds
  

It’s a straightforward system designed to reward partners who consistently bring in active traders. The earning potential is there, but like with most affiliate programs, it depends entirely on reach and conversion.

Pros & Cons

Pros	Cons
Low-cost entry ($5 Speed Challenge)	No EAs or trade copiers allowed
Profit split up to 90%	VPN use restricted without approval
Fast payouts every 14 days	Not available to U.S. traders
Second Life & Reset options
Access to Forex, Crypto, Stocks, Indices, and Commodities
No time limits or consistency rules
News trading allowed

Final Verdict: Is MasterFunders Legit?

MasterFunders delivers what it claims: low-cost challenges, flexible trading conditions, and a clear payout structure inside a simulated environment. It’s not a live capital firm, and it doesn’t try to be. That won’t appeal to everyone, but for traders focused on structure, scaling, and consistency, it may be worth testing.

The rules are clear, the pricing is competitive, and the firm avoids most of the unnecessary restrictions that trip up new traders. Just make sure you’re okay with manual trading, the lack of EAs, and the simulated nature of the accounts.

If you’re looking to trade with structure and minimal upfront cost, it’s a solid option. If you’re expecting live capital or algorithmic freedom, this probably isn’t the place.

Master Funders Coupon Code – Save 20% on Challenges

Looking for a MasterFunders discount code to save on your next challenge? Use code FT20 at checkout to get 20% off all Core and Lite Challenges.

This applies to any account size under those challenge types, and the discount is available immediately.

MasterFunders Coupon Code: FT20
Discount: 20% off Core & Lite Challenges
Where to Use It: Apply during checkout on the MasterFunders site

This is a quick way to reduce your upfront cost and keep more of your payout when funded.