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 an invoice/contractor model, and an optional scaling plan for 2-Phase funded accounts with a published cap near $1M for the largest starting size.
Match-Trader
Program Type & Scaling
• One-Phase Challenge: 10% profit target; Unlimited time; Minimum Trading Days 3; Max Daily Loss 5%; Max Drawdown 10%; Leverage up to 1:50
• Two-Phase Challenge: Phase 1 10% profit target; Phase 2 5% profit target; Unlimited time; Minimum Trading Days 3 per phase; Max Daily Loss 5%; Max Drawdown 10%; Leverage up to 1:100
• Funded (Earn) stage: Unlimited profit target; Max Daily Loss 5%; Max Drawdown 10%; Performance split 90% (higher split available via add-on at checkout)
• Optional add-ons (checkout): Increased Profit Split (90%), Weekend Holding, No Mandatory Stop Loss
Scaling Plan
FundedFast states scaling is available only for traders who complete its 2-Phase Challenges. It publishes a 5-level scaling plan that increases capital by 25% at each level, with higher profit targets and tighter daily risk limits as you progress. FundedFast states the current maximum scaling cap is $976,562 for a $400,000 starting account.
Daily Loss Limit
5
Maximum Overall Loss
10
Drawdown Model
Drawdown Model
FundedFast 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.
Leverage
| Forex | 100 |
| Crypto | 20 |
Broker
FundedFast is the trading name of Memento Enterprises Limited (Malta). The company states it does not act as a broker, does not accept deposits, and provides a simulated trading environment powered by third-party liquidity-provider data feeds.
Commissions
Commissions
No. FundedFast states it does not charge commissions on any trades.
Tradable Assets
Forex, Commodities, Precious Metals, Indices, Cryptocurrencies
News & Event 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).
Payouts & Profit Split
| Profit Split Start (%) | 80% |
| Minimum Payout Amount | $50 |
| 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. |
| Payment Methods | Credit/Debit Card, Bank Transfer, Local Banking, PIX (Brazil), Cryptocurrency |
Evaluation & Account Rules
| Challenges | 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. |
Trading Permissions
| Weekend Trades | Weekend holding is available via a Weekend Holding add-on at checkout. Overnight holding is allowed (swap applies at market close). |
| Copy Trading | No. FundedFast states copy trading is not currently supported. |
| EA Allowed | No. FundedFast states it does not support Expert Advisors (EAs) or automated trading systems. |
| Prohibited Strategies | FundedFast’s Terms prohibit (non-exhaustive): high-frequency trading/scalping/arbitrage exploiting delays, system abuse using automation/AI/high-speed methods, gap trading during significant news or within two hours of market closure, and martingale trading (increasing position size while in loss). The Terms also prohibit third-party access/account management and failing the Profit Distribution Rule. |
Other Details
| Refund Policy (Code) | Refund PolicyPass refund: FundedFast’s FAQ states the Challenge fee is fully refunded if you pass the Challenge. 14-day withdrawal right (pre-trading): its Terms provide a right to withdraw within 14 calendar days, but this right is waived once the first demo trade is placed (challenge activation). |
| 3 Percent Rule (Notes) | 3 Percent RuleFundedFast does not advertise a universal “3% per-trade” rule. Its Terms & Conditions include a 1% Rule stating it is not permitted to risk more than 1% of the initial account balance on any single trade, and multiple positions on the same instrument in the same direction are treated as a combined trade for this rule. |
| Consistency Rule (Notes) | Consistency RulesProfit Distribution Rule: FundedFast requires that the most profitable trading day must not account for more than 50% of total profits during the challenge. |
| Indices Leverage Max | 100 |
| Metals Leverage Max | 100 |
| Days to First Payout | 0 |
| Payout Processing Time (Days) | 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. |
| Account Merge Allowed | No |
| Max Accounts per Trader | FundedFast Terms state customers may purchase multiple Trading Challenges, but only one can be active at any given time. |
| KYC Required | 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. |
| 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 |
| Scaling Plan Availability | No |
| Other Risk Rules | Other Risk Rules
|
| Spread Quality | FundedFast does not publish an average spread table on its public pages; spreads are variable and depend on market conditions within the MatchTrader simulated environment. |
| Slippage Policy | FundedFast does not publish a dedicated slippage policy on its public pages. Trading is simulated and subject to platform/data-feed conditions per its disclaimers. |
| Martingale Allowed | No |
| Lot Size Limits | FundedFast does not publish a fixed lot-size cap in its FAQ. Instead, it enforces operational limits (e.g., 200 open orders) and the 1% risk-per-trade rule in its Terms. |
How does it stack up?
Compare FundedFast against other top rated firms.
Trader Feedback
There are no public trader reviews for this firm yet. If you have traded with them, be the first to leave a short, honest review and help other traders.
Share Your Experience
Short, honest feedback helps other prop traders understand what it is really like to work with this firm.