When is KYC required at FundedFast, and how does the verification process work?
💡 Answer
Is KYC Required at FundedFast?No
At what stage traders must go through identity verification at FundedFast?
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.
Full details on the identity verification process and required documents are available on FundedFast official website.
More FAQs about FundedFast
- Does FundedFast allow automated trading, news trading, weekend positions, and copy trading, and what strategies are restricted?
- What payment options are supported by FundedFast, and how do refunds work?
- When and how can traders withdraw profits from FundedFast, including payout minimums and payout timing?
- How much profit can traders keep at FundedFast?
- Which markets are available for trading at FundedFast?
- What are the maximum leverage limits at FundedFast across forex, indices, metals, and cryptocurrencies?
- What platforms can traders use at FundedFast, and what broker provides the trading infrastructure?
- What should traders know about spread quality, commission structure, and slippage rules at FundedFast?
- What strategies are not allowed at FundedFast, and what are the rules regarding martingale and lot sizing?
- How is drawdown calculated at FundedFast?
- Does FundedFast apply any consistency or risk-based trading rules?
- Which evaluation or funding programs are available at FundedFast?
- How do the challenges work at FundedFast for traders seeking funding?
- How much maximum funding can traders receive from FundedFast, and does the firm provide a scaling plan?
- What is the current Trustpilot rating and number of reviews for FundedFast?
- Which evaluation models does FundedFast offer?
- What are the multi-account rules at FundedFast, including maximum accounts, merge eligibility, and lot size restrictions?
- Does FundedFast restrict traders from certain countries?
Guides Where FundedFast Is Featured
- Prop Firms Offering Crypto Leverage of 1:1 or Higher
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- Prop Firms Offering Maximum Profit Split of 80% or Higher
- Prop Firms Offering Metals Leverage of 1:40 or Higher
- Prop Firms Offering More Than $200k in Funding
- Prop Firms Offering Profit Split Starting at 75% or Higher
- Prop Firms With At Least 1 Years in Operation
- Prop Firms With Match-Trader Platform
- Prop Firms With Trustpilot rating of 3.3 or higher
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These guides include FundedFast alongside other prop firms, grouped by trading features, platforms, availability, and trader requirements.
FundedFast vs FundedNext vs Eightcap Challenges - Prop Firm Comparison (July 2026)
Side-by-side comparison of FundedFast vs FundedNext vs Eightcap Challenges. 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 July 2026.
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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...
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FundedNext
FundedNext is a UAE-registered prop trading platform that offers Stellar 1-Step, Stellar 2-Step, Stellar Lite evaluations plus Stellar Instant funding. It combines balance-based drawdown rules, access to MT4/MT5/cTrader/Match-Trader (TradingView supported for analysis), and reward shares up to 95% (with add-ons)...
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Eightcap Challenges
Eightcap Challenges is a broker-backed simulated trading program operated by Eightcap International Ltd (Seychelles) that offers One Phase and Two Phase CFD challenges on mt4, mt5 and tradelocker with balance-based drawdown limits, a 14-day payout cycle, and 80% profit splits...
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| Overview | |||
| Trustpilot Rating | 4.3 | 4.5 | 4.1 |
| Trustpilot Reviews | 15 | 74,621 | 3,834 |
| Headquarters | Malta | United Arab Emirates | Seychelles |
| Age (Years) | 2 | 5 | 1 |
| Max Funding | $976,562 | $300,000 | $600,000 |
| Profit Split Start | 80% | 80% | 80% |
| Profit Split Max | 90% | 95% | 90% |
| Platforms | Match-Trader | MT4 MT5 cTrader Match-Trader | mt4 mt5 tradelocker |
| Assets | Forex Commodities Precious Metals Indices Cryptocurrencies | Commodities Crypto Forex Indices | FX Commodities Indices Crypto US Stocks (Day Trader only) |
| Leverage | |||
| FX Leverage | 100 | 100 | 100 |
| Metals Leverage | 100 | 15 | 20 |
| Crypto Leverage | 20 | 1 | 3 |
| Risk & Drawdown Rules | |||
| Max Daily Loss | 5 | 5 | Maximum Daily DrawdownEightcap Challenges applies a balance-based daily drawdown rule calculated from the previous day’s account balance snapshot (Previous Day Balance × Limit%). Your account’s intraday equity loss must not exceed this daily limit.One Phase: 4% daily drawdown (Assessment and Payout Stages).Two Phase: 5% daily drawdown (Assessment, Qualification and Payout Stages).Day Trader: No daily drawdown; risk is managed via fixed maximum drawdown thresholds tied to the selected timeframe and multiplier. |
| Max Total Loss | 10 | 10 | Maximum DrawdownOverall drawdown is enforced as a fixed percentage of the initial balance for standard challenges and as fixed-dollar thresholds for Day Trader Challenges.One Phase: 8% maximum drawdown (Assessment and Payout Stages).Two Phase: 10% maximum drawdown (Assessment, Qualification and Payout Stages).Day Trader: Maximum drawdown is defined in dollars and varies by timeframe and multiplier (DT-1/DT-2/DT-4/DT-8 with 2x/5x/10x options). |
| 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. | Stellar 1-Step / 2-Step / Lite: Daily Loss and Maximum Loss are calculated from the initial balance of the phase and include closed + floating PnL (plus commissions/fees). The daily limit resets at 00:00 (server time GMT+2). The maximum loss threshold is fixed as a percentage of the initial balance, while the “maximum permitted loss” displayed can expand or shrink with accumulated profit/loss within a trading cycle.Stellar Instant: Uses a 6% trailing maximum loss limit that ratchets upward with profits; it does not reset after withdrawals. | Balance-based (Daily from previous-day balance; Max fixed from initial balance) |
| 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. | Payout Frequency (Performance Rewards)Payout timing depends on the account model:Stellar 1-Step FundedNext Account: rewards are requested on a 5 business day cycle (first and subsequent cycles).Stellar 2-Step & Stellar Lite FundedNext Accounts: first reward is available after an initial 21-day cycle, then bi-weekly (every 14 days) thereafter if eligibility is met; a “Bi-Weekly Reward” add-on can bypass the initial 21-day wait.Stellar Instant: first reward is available after 5 business days, then rewards can be requested on-demand, subject to eligibility and trailing drawdown buffer rules. | Payout FrequencyOne Phase & Two Phase: Standard payout eligibility begins 14 days into the Payout Stage (or 7 days with the earlier-payout add-on), provided all payout-stage requirements and KYC are satisfied.Day Trader Challenges: Payout eligibility is immediate upon successful completion of the time-limited challenge. |
| Days to First Payout | 0 | 5 | 14 |
| 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. | Payout ProcessingPerformance Reward requests are submitted through the FundedNext dashboard. Processing time can vary based on compliance checks, payout method/provider, and request volume; allow additional time for bank/crypto settlement after approval. | Payout ProcessingPayout requests are reviewed by the risk team for rules compliance and KYC (if required). Approved payouts are typically processed within 24–48 hours of an eligible request, but may take longer if additional review is required. |
| Payout Methods | N/A | Rise Crypto Bank Transfer | Crypto International Bank Transfer |
| Payments | |||
| Payment Methods | Credit/Debit Card Bank Transfer Local Banking PIX (Brazil) Cryptocurrency | Credit/Debit Card Crypto Local Payment Methods | Credit/Debit Card (Visa Mastercard) Crypto (USDT TRC20 USDT ERC20 BTC) |
| 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). | News trading is generally allowed across FundedNext CFD models, but FundedNext applies ‘restricted news time’ rules on funded accounts: if trades are executed during restricted high-impact, instrument-correlated news windows, a portion of the profit can be removed during cycle review (commonly referenced as a 40% deduction on affected profits). Stellar Instant has a distinct news-time profit treatment where FundedNext may retain a larger share of profits generated during designated news time. | Trading during major news events is restricted: you cannot place trades within 10 minutes before or after high-impact events (per FXStreet). Trading inside the window is treated as a soft breach that triggers a warning and removal of any profits made from those trades. |
| Weekend Trades | Weekend holding is available via a Weekend Holding add-on at checkout. Overnight holding is allowed (swap applies at market close). | Overnight and weekend holding is allowed across all active CFD account types (Stellar Instant, Stellar 1-Step, Stellar 2-Step, Stellar Lite). Swap charges (unless swap-free) can impact floating PnL and therefore drawdown calculations. | Weekend trading is allowed. The platform supports 24/7 trading, including the ability to manage positions over the weekend. |
| Copy Trading | No. FundedFast states copy trading is not currently supported. | Copy trading is allowed only between your own FundedNext Challenge accounts (one ‘master’ and one or more ‘slave’ accounts) as long as total combined Challenge capital does not exceed $300,000. Copy trading is prohibited between any FundedNext Account and any other FundedNext Account or Challenge account (even if you own them). Cloud-based copy services are not allowed; VPS-based copiers are permitted only for copying between your own Challenge accounts. | Copy trading or mirroring another person’s trades is prohibited and may result in profit removal or account termination. Copying between your own accounts is allowed only if all accounts are registered under the same email address. |
| EA Allowed | No. FundedFast states it does not support Expert Advisors (EAs) or automated trading systems. | EAs/automation are supported on MT4/MT5 (and platform-native automation where applicable). Match-Trader is positioned for manual trading and does not support MetaTrader-style EAs. Any automation must still comply with FundedNext’s prohibited strategy and fair-use rules. | Expert Advisors (EAs) and indicators are permitted, but prohibited strategy types (including martingale, grid, tick trading, arbitrage variants, gap trading and account management) are monitored and can trigger violations—especially during the Payout Stage. |
| 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. | KYC (identity verification) is required after passing a Stellar Challenge and before a FundedNext Account is issued. Traders upload government-issued ID (and in some cases proof of address) via the dashboard Verification Center; once approved, FundedNext typically issues the FundedNext Account within 48–72 hours. KYC must be completed within 30 days after passing, otherwise the account can become inactive. | Australia, Saint Lucia, Afghanistan, Central African Republic, Cuba, Democratic People’s Republic of Korea (North Korea), Democratic Republic of the Congo, Guinea-Bissau, Iran, Iraq, Lebanon, Myanmar, Russia (and Crimea, Donetsk, Luhansk and Sevastopol regions of Ukraine), Somalia, Sudan, South Sudan, Syria, Yemen, Zimbabwe, Libya |
| 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 | Afghanistan Albania Antigua and Barbuda Bangladesh Belarus Belize Bouvet Island Burundi Cape Verde Central African Republic Chad Comoros Cuba Democratic Republic of the Congo Eritrea Ethiopia Fiji Grenada Iran Lebanon Libya Malaysia Mali Myanmar Nicaragua North Korea Russia Somalia South Sudan Sri Lanka Sudan Syria Tuvalu Ukraine Venezuela Vietnam Yemen Zimbabwe | Australia Libya Lebanon Pakistan Russia Somalia South Sudan Sudan United States Zimbabwe Afghanistan Central African Republic Cuba Democratic Republic of the Congo Guinea-Bissau Iran Iraq Myanmar North Korea Syria Yemen |
FundedFast
FundedNext
Eightcap Challenges