What type of trading challenges does FundedFast require before funding?

💡 Answer

FundedFast offers One-Phase and Two-Phase challenge models on MatchTrader with the same core risk limits (5% max daily loss and 10% max drawdown). The Two-Phase track is the only one eligible for scaling. Funded (Earn) accounts retain the same drawdown limits and use an invoice-based contractor payout model with weekly requests.

More FAQs about FundedFast

Guides Where FundedFast Is Featured

These guides include FundedFast alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.

FundedFast vs Goat Funded Trader vs Top One Trader - Prop Firm Comparison (March 2026)

Side-by-side comparison of FundedFast vs Goat Funded Trader vs Top One Trader. Quickly scan maximum funding, profit splits, risk rules, leverage, platforms, instruments, payout schedules, payment options, trading permissions and KYC restrictions to narrow down your prop trading firm shortlist. Data updated March 2026.

FundedFast vs Goat Funded Trader vs Top One Trader - Prop Firm Comparison (March 2026)
FundedFast
FundedFast is the trading name of Memento Enterprises Limited (Malta) and offers simulated prop-trading Challenges on MatchTrader. It provides one-phase and two-phase evaluations (10% then 5% targets on the two-phase), unlimited time limits, weekly payout requests on funded accounts via...
Goat Funded Trader
Goat Funded Trader offers 1‑step, 2‑step, 3‑step, Blitz and instant funding evaluations with static or trailing drawdowns up to 5% daily and 10% overall, scaling capital up to $2 million with profit splits starting at 80% and upgrades to 95–100%...
Top One Trader
Top One Trader is a fast-growing prop firm offering simple 1-step and 2-step evaluations plus instant funding and Instant Prime accounts, with low-cost challenges, straightforward rules, EquityShield risk protection and profit splits that can reach 100% while scaling up to...
Overview
Trustpilot Rating 3.7 0 4.5
Trustpilot Reviews 12 0 3,012
Headquarters Malta Saint Lucia United States
Age (Years) 2 4 N/A
Max Funding $976,562 $2,000,000 $5,000,000
Profit Split Start 80% 80% 60%
Profit Split Max 90% 100% 100%
Platforms Match-Trader MT5 cTrader Match-Trader TradeLocker Volumetrica MT5 cTrader Match-Trader TradeLocker
Assets Forex Commodities Precious Metals Indices Cryptocurrencies Forex pairs; CFD indices; metals; commodities; stocks; cryptocurrencies FX Metals Indices Commodities Crypto
Leverage
FX Leverage 100 100 50
Metals Leverage 100 100 10
Crypto Leverage 20 2 2
Risk & Drawdown Rules
Max Daily Loss 5 5 Maximum Daily LossDaily loss limits at Top One Trader are simple but strict: 1-Step and 2-Step accounts usually have a 4% daily loss cap, Instant Funding has a 3% daily loss limit and Instant Prime applies an even tighter 2.5% profile tied to the ESS metric.The daily limit is generally calculated on equity and includes both closed and floating losses; if equity falls beyond the allowed percentage in a single day, the account is considered in breach even if the loss is later recovered.
Max Total Loss 10 10 Maximum Overall LossOverall loss caps depend on the program: 1-Step FLASH uses a 7% trailing max drawdown, 2-Step PRO uses an 8% static max loss from the starting balance, Instant Funding runs with a 6% trailing drawdown and Instant Prime typically keeps a 5–6% trailing max loss.For trailing accounts, the max loss tracks the highest equity until a payout is taken, at which point the level locks at the initial balance; breaching the max loss at any time results in losing the account.
Drawdown Type Drawdown ModelFundedFast enforces a fixed Max Daily Loss and a fixed Max Drawdown (no trailing drawdown disclosed on its Challenges page). The daily-loss limit is presented as a percentage limit and should be treated as including floating PnL exposure (open trades) for compliance. Static for 1‑step, 2‑step and 3‑step evaluations; trailing for GOAT Blitz and instant funding; daily drawdown resets at 5 PM EST Drawdown ModelTop One Trader combines static and trailing drawdown models. 2-Step PRO accounts use a simple static 8% max loss from starting balance, while 1-Step FLASH, Instant Funding and Instant Prime rely on trailing max drawdown that follows peak equity and then locks at the starting balance when a payout is requested (Lock Upon Payout rule).The EquityShield risk engine helps enforce these limits by monitoring symbol-level and overall open risk and automatically closing trades if thresholds are exceeded.
Payouts
Payout Frequency Payout FrequencyFundedFast states withdrawals can be requested once per week. To have a withdrawal processed on Monday, submit the request by 00:00 (UTC) Thursday of the previous week. Bi‑weekly; Instant Standard triple-payday every 10 days Payout Frequency1-Step and 2-Step challenge accounts pay out bi-weekly by default, with add-ons available for weekly or instant payouts after the first withdrawal. Instant Funding normally pays monthly, while Instant Prime offers bi-weekly payouts, again with minimum profit of 2% of the initial balance required to request a withdrawal.Profit splits typically start at 80–90% on challenge accounts, 60% on Instant Funding and 80% on Instant Prime, stepping up over successive payouts until they reach as high as 90–100% for long-term, consistent traders.
Days to First Payout 0 10 30
Payout Processing Time Payout ProcessingFundedFast indicates weekly processing, with Monday as the processing day when submitted by the stated cutoff. Exact receipt timing depends on the payment provider and is not specified on the FAQ page. 2 Payout ProcessingPayouts are requested through the Top One Trader dashboard and are routed via Rise (Riseworks) to bank transfer or cryptocurrency. Approved withdrawals are often processed within about 24 hours, although exact timing can vary with the chosen method, weekends and additional compliance checks.
Payout Methods N/A Rise; Crypto; Skrill Bank Transfer Crypto via Rise (Riseworks)
Payments
Payment Methods Credit/Debit Card Bank Transfer Local Banking PIX (Brazil) Cryptocurrency Credit/debit card; PayPal; crypto Credit Card Crypto
Trading Permissions
News Trading Yes. FundedFast states news trading is allowed, but trades opened within 10 minutes of significant news announcements may be reviewed for compliance. Its Terms prohibit “gap trading” during significant news events (example: opening trades within five minutes of a major news announcement). Allowed; but trades opened or closed within 5 minutes of high‑impact news may only generate up to 1% profit of initial balance News trading rules depend on the program. Evaluations are typically more flexible, but on funded and instant accounts it is prohibited to open, modify or close positions within 5 minutes before or after designated high-impact news on the affected instrument. Instant Prime provides more flexibility when combined with relevant add-ons, but bracket-style and pure spike-catching news strategies are still not allowed.
Weekend Trades Weekend holding is available via a Weekend Holding add-on at checkout. Overnight holding is allowed (swap applies at market close). yes Overnight and weekend holding is allowed on 1-Step FLASH and 2-Step PRO accounts subject to normal swap charges. Instant Funding accounts require a weekend add-on to hold trades over the close; without it, positions should be closed before markets shut to avoid soft or hard breaches.
Copy Trading No. FundedFast states copy trading is not currently supported. No (duplicating trades across accounts is prohibited) Manual copy trading is allowed only between your own challenge accounts on supported platforms, and not on funded or instant funded accounts. Copying between different users, mirroring trades across large groups of accounts or hedging between accounts and firms is prohibited. Violations can lead to profit removal, account resets or termination.
EA Allowed No. FundedFast states it does not support Expert Advisors (EAs) or automated trading systems. Expert Advisors are permitted provided they are not high‑frequency or arbitrage systems; they must be original and not marketed for passing challenges, and the trader may be asked to prove ownership by supplying the code. Expert Advisors are allowed on 1-Step FLASH and 2-Step PRO evaluation accounts provided they are customised to the trader, fully disclosed and not commercial grid, martingale, latency or arbitrage systems. EAs are not permitted on funded and instant accounts, where trading is expected to be manual or semi-manual under the firm’s risk rules.
KYC & Restrictions
KYC Required No No No
KYC Stage KYC is required after passing and before the funded phase: ID (passport/driving license/national ID) and proof of residence (utility bill or bank statement dated within the last six months). Upload is done via the Trading Platform profile area; verification is typically within an hour, up to one business day in rare cases. After passing the evaluation and before receiving the funded account and first payout Top One Trader applies standard KYC and AML checks. Traders must complete identity verification and, where required, provide proof of address or other documents before receiving funded accounts and before withdrawals are processed through Rise and other payment providers.
Restricted Countries Afghanistan Albania Baker Island Bajo Nuevo Bank Barbados Belarus Burkina Faso Cabo Verde China Congo (Democratic Republic) Congo (Republic) Côte d’Ivoire Eritrea Ethiopia Guam Haiti Hong Kong Howland Island Iran Iraq Jamaica Jarvis Island Johnston Atoll Jordan Kingman Reef Kyrgyzstan Lebanon Liberia Libya Malta Midway Islands Minor Outlying Islands Mongolia Mozambique Myanmar (Burma) Nicaragua North Korea Northern Mariana Islands Pakistan Palestine Palmyra Atoll Panama Puerto Rico Russia Senegal Seychelles Sierra Leone Somalia South Sudan Sudan Syria Tajikistan Turkmenistan United States United States Virgin Islands Vietnam Yemen Bangladesh Bulgaria Chile Cuba Hong Kong Iran Japan Jordan Lebanon Libya Malaysia Myanmar North Korea Russia Senegal Singapore Somalia South Korea Sri Lanka Sudan Syria Togo Thailand Vietnam Afghanistan Albania Algeria Armenia Azerbaijan Crimea (Region of Ukraine) Cuba Iran Iraq Kazakhstan Kuwait Lebanon Libya Macedonia Morocco Pakistan Russia Somalia Sudan Syria Turkey Ukraine Vietnam

See all FundedFast comparisons