Accessible Trading with MasterFunders
MasterFunders is a Cyprus-based prop trading firm offering traders access to a diverse range of instruments, including commodities, currencies, cryptocurrencies, indices, and stocks. What sets it apart are its low-barrier entry challenges, flexible trading rules, and generous profit-sharing of up to 90%, making it a standout choice for aspiring and experienced traders alike.
Expert Reviewer Verdict
MasterFunders offers an attractive solution for traders looking to enter the funded trading space with minimal financial commitment. Its $5 entry challenge and flexibility in trading rules, including news and weekend trading, make it particularly appealing to traders seeking freedom in strategy execution. With a generous profit split of up to 90%, traders are rewarded for their success. The firm also supports long-term growth through scaling plans, career path and unique features like Second Life and Reset Options. However, the absence of popular platforms like MT4/MT5 and reliance on proprietary software may limit platform flexibility for some users. Overall, MasterFunders is a strong choice for traders who value accessibility, transparency, and profit potential.
Pros and Cons
Pros
- Low-Cost Entry Starting at $5
- Generous Profit Split Up to 90%
- Flexible Trading Rules, No Restrictions
- Supportive Features Like Second Life
- Wide Range of Tradable Instruments
Cons
- No MT4/MT5 Platform Available
- Relies on White-Label Software
- Limited to Demo Accounts for Trading
Trust and Safety
Is MasterFunders Legit and Safe?
MasterFunders prioritizes trust and security by implementing robust measures to prevent fraud and ensure fairness. Traders undergo a verification process before transitioning to funded accounts, safeguarding the platform from misuse. Proprietary data analytics continuously monitor trade patterns to detect potential exploitation or rule violations. All trading during evaluations occurs in a demo environment, eliminating risks tied to client funds.
As a prop trading firm, MasterFunders does not handle client deposits; instead, traders purchase challenges as digital products, ensuring no exposure to fund mismanagement. While the firm is not regulated, like all prop trading platforms, it compensates with strict audits, transparent operations, and fast, reliable payouts. These measures make MasterFunders a secure and trader-first choice.
Tradable Instruments
Diverse Trading Opportunities
MasterFunders offers a well-rounded selection of tradable instruments, catering to a variety of trading preferences. Traders can access popular markets such as commodities, currencies, cryptocurrencies, indices, and stocks. With approximately 150 assets available, the platform provides ample diversity for traders to build versatile strategies.
Whether you’re trading gold and oil in the commodities market, speculating on forex pairs with spreads as low as 0.5 pips, or exploring the potential of cryptocurrencies with commission-free trading, MasterFunders ensures competitive conditions. The inclusion of indices and stocks further enhances the breadth of opportunities, allowing traders to tailor their portfolios to match their skills and market interests.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Simplified Account Structure
MasterFunders simplifies the trading journey by offering only demo accounts, ensuring a low-risk environment for traders. These accounts are utilized during the challenge phase, allowing users to showcase their trading skills without risking actual capital. The demo accounts simulate real-market conditions, providing a professional-grade experience for traders.
With funded account sizes ranging from $2,500 to $200,000, MasterFunders caters to traders at different levels of expertise. The firm’s approach ensures that traders are fully prepared before advancing to a funded account stage. Additionally, its low entry fees make these accounts accessible to a wide audience, fostering inclusivity in the trading community.
This straightforward structure ensures simplicity, transparency, and equal opportunities for all traders.
|
Account Type |
Available |
|
DEMO ACCOUNT |
Yes |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
No |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Transparent Fee Structure
MasterFunders adopts a transparent and trader-friendly fee model, designed to minimize costs while maintaining accessibility. The firm’s approach ensures competitive trading conditions for traders of all levels.
Account Minimum
The minimum account size for funded traders starts at $2,500, making it accessible for beginners and professionals alike.
Trading Fees
Trading fees vary by asset class. Forex, commodities, and indices carry a $1 per lot opening commission, while stocks incur a 0.10% fee per lot. Cryptocurrencies are commission-free, providing added value for crypto enthusiasts.
CFD Fees
Overnight fees apply to CFD trades, calculated based on the asset and position direction (long or short).
Forex Fees
No additional fees are charged for forex trading, apart from the standard opening commission.
Futures Fees
No futures fees are applied, aligning with MasterFunders’ low-cost model.
Account Fee
No account maintenance fees are charged.
Inactivity Fee
Traders are not penalized for inactivity, offering flexibility in account usage.
Withdrawal Fee
Withdrawals are fee-free, with costs solely determined by payment providers.
Overnight Funding Fee
Overnight funding fees depend on the specific asset and position direction.
Currency Conversion Fee
Currency conversion fees are not charged, further reducing trading costs.
Guaranteed Stop Order Fee
No fees apply for guaranteed stop orders.
Trading Platforms
User-Friendly Trading Tools
MasterFunders offers a proprietary platform designed for simplicity and efficiency, catering to traders seeking accessible trading solutions.
Mobile Trading Apps
Traders can utilize mobile web apps embedded with the proprietary platform. These apps are available on both Android and iOS, ensuring trading on the go with seamless functionality.
Web Trading Apps
Web-based trading is available through a browser-based platform that integrates MasterFunders’ proprietary tools. This setup provides easy accessibility without requiring installations.
Desktop Trading Apps
For desktop users, MasterFunders supports trading through Windows and Mac-compatible web platforms. This ensures a consistent experience across devices while keeping the interface straightforward and user-friendly.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
Yes |
|
DESKTOP MAC |
Yes |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Standout Features for Traders
MasterFunders stands out with its low-cost entry challenges starting at just $5, making funded trading accessible to all. Unique features like the Second Life and Reset Options allow traders to restart their challenges affordably, fostering a supportive trading environment.
Flexible trading rules further enhance the experience, with no restrictions on news or weekend trading, enabling traders to implement diverse strategies. The firm’s scaling plans allow traders to grow their funded accounts based on performance, offering long-term career progression.
With a generous profit-sharing structure of up to 90%, MasterFunders rewards its traders’ success and commitment. Combined with a wide range of instruments and transparent operations, these features make it a compelling choice for aspiring and professional traders alike.
Research and Education
Empowering Traders with Insights
MasterFunders provides valuable research and educational resources to support traders at all levels. Daily market news and technical analysis keep traders informed of market trends and opportunities.
The platform also offers a library of educational videos and webinars, equipping users with knowledge on trading strategies and market behavior. These tools help traders refine their skills and improve their performance over time.
While no official training programs or mentorship opportunities are currently available, MasterFunders has plans to introduce career opportunities for traders who achieve long-term success. This forward-looking approach underscores the firm’s commitment to fostering growth and empowering traders to excel.
Customer Support
Support When You Need It
MasterFunders provides 24/7 customer support to ensure traders receive assistance whenever needed. Communication is currently available through email, phone calls, and direct messaging on Facebook and Instagram. While response times may be slower during European night hours, the firm’s commitment to continuous availability underscores its dedication to customer care.
Plans are underway to introduce a more holistic communication tool, further enhancing the customer experience. This proactive approach highlights MasterFunders’ focus on improving accessibility and delivering reliable support for traders at every stage of their journey.
Account Opening
Easy Start for Traders
Opening an account with MasterFunders is straightforward and user-friendly.
Registration: Traders begin by signing up on the platform and purchasing a challenge to start the evaluation process.
Verification: After successfully completing the challenge phase, traders must undergo identity and account verification to ensure compliance and security.
Document Upload: Users upload the required documents during the verification process, enabling a seamless transition to funded account status.
This structured process ensures a transparent and secure journey for traders.
Deposit and Withdrawals
Hassle-Free Transactions
MasterFunders ensures a smooth process for deposits and withdrawals, prioritizing trader convenience.
Deposits: Traders can fund their accounts through multiple methods, including credit cards, local alternative payment methods (e-wallets, bank transfers, mobile money), Skrill, Neteller, wire transfers, and cryptocurrencies. MasterFunders does not charge deposit fees, with only the payment provider’s charges applying.
Withdrawals: Withdrawals are processed through wire transfers, Revolut, Skrill, Paypal and cryptocurrencies. Like deposits, MasterFunders imposes no withdrawal fees, leaving any costs to the payment provider.
This fee-free approach makes transactions hassle-free and budget-friendly for traders.
Final Thoughts
MasterFunders offers an innovative approach to prop trading, providing accessibility through low-cost entry challenges and a supportive trading environment. With flexible trading rules, diverse instruments, and a generous profit-sharing model of up to 90%, it caters to both beginners and experienced traders. Unique features like Second Life options and scaling plans reflect the firm’s commitment to trader growth and success.
While the absence of MT4/MT5 platforms and reliance on proprietary software might be limiting for some, MasterFunders compensates with transparency, trust, and competitive conditions. Its straightforward account process, robust fraud prevention measures, and fee-free deposits and withdrawals further enhance its appeal.
For those seeking a secure, flexible, and rewarding trading experience, MasterFunders is a compelling choice in the prop trading industry.
Contact Info
Anexartisias 187, 3040 Limassol, Cyprus
FAQs
-
Question: What Does MasterFunders Do?
Answer: MasterFunders is a proprietary trading firm that provides traders with access to funded accounts after completing evaluation challenges. -
Question: What is the Minimum Account Size at MasterFunders?
Answer: The minimum funded account size is $2,500, offering flexibility for all levels of traders. -
Question: Are Deposits or Withdrawals Fee-Free?
Answer: MasterFunders charges a minimum Deposit/Challenge fee of $5. -
Question: What Trading Platforms are Available?
Answer: MasterFunders offers a proprietary platform accessible on mobile, web, and desktop applications.
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