# Market Mates — rules, pricing and payouts

> Market Mates — proprietary trading firm tracked by Prop Firm Pal.

**Source:** https://propfirmpal.com/firms/unverified/market-mates  
**Generated:** 2026-10-06  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

---

## Key terms
| Field | Value |
| --- | --- |
| Verification | Sourced from the firm’s own website, not verified |
| Community rating | no reviews yet |
| Evaluation types | not published |
| Cost to a $100,000 funded account | not published |
| Cheapest entry price | not published |
| Instant funding | not offered |
| Account sizes | not published |
| Maximum profit split | not published |
| Phase 1 profit target | not published |
| Daily drawdown | not published |
| Maximum drawdown | not published |
| Platforms | not published |
| Instruments | not published |
| Payment methods | not published |
| Payout methods | not published |
## Is Market Mates legit?

Prop Firm Pal has not verified Market Mates, so this is not an endorsement: it is what the record shows. Its own pages name the operating company as MarketMates Limited, in Port Louis, Mauritius. It cites Financial Services Commission of Mauritius, Investment Dealer licence GB24202946. Its website has been active in Prop Firm Pal's monthly traffic record since November 2025, and traffic over the last three months is growing fast. Its payout policy is published, and summarised on the Payouts tab.

| Record | What we hold |
| --- | --- |
| Company | MarketMates Limited |
| Headquarters | Port Louis, Mauritius |
| Regulation cited | Financial Services Commission of Mauritius, Investment Dealer licence GB24202946 |
| In our traffic record | Since November 2025 (10 months) |
| Traffic, last three months | Growing fast (+70% to August 2026) |

- Company: "MarketMates is a trading name of MarketMates Limited." — https://marketmates.com/scalemate-terms-and-conditions/
- Headquarters: "Registered address: 4th Floor, Les Jamalacs Building, Vieux Conseil Street, Port Louis, Mauritius 11328." — https://marketmates.com/scalemate-terms-and-conditions/
- Regulation: "MarketMates Limited is authorised and regulated by the Financial Services Commission of Mauritius as an Investment Dealer under licence number GB24202946." — https://marketmates.com/scalemate-terms-and-conditions/

## What this firm publishes

Market Mates (MarketMates) is a broker-backed prop firm. MarketMates Limited is regulated by the Financial Services Commission of Mauritius as an investment dealer, and its funded accounts run on its own A-book brokerage. It sells two products. The prop trading challenges are balance-based 1-step and 2-step evaluations in three styles, Best Mate, Scalper and Swing, with sizes from $10K to $100K on MT5 or Match-Trader and a profit split listed as 70-90%. ScaleMate is instant funding with no challenge: the trader pays a purchase fee of $500 to $5,000, trades a live account ten times that size with an 80% profit split, and can scale in ten levels to as much as $500,000.

The 1-Phase Best Mate challenge at $10K costs $99 and sets a 10% profit target, a 3% max daily loss and a 6% max loss, with no trailing drawdown and no time limit. The MarketMates help desk puts two-phase plans at 5% daily and 8% maximum loss. Daily loss is a fixed amount based on the starting balance and resets at 5:00 pm ET. Only days with at least 0.5% profit count toward minimum trading days: 5 on one-phase Best Mate and Scalper, 3 on Swing and two-phase plans. There is no consistency rule. The rules that most often catch traders are a stop-loss within 120 seconds on every trade except Scalper, 1% maximum risk per trade, five open positions at most, and style deadlines: Scalper trades close by 5:00 pm ET daily and Best Mate trades by Friday 5:00 pm ET. Unless a plan allows news trading, traders must be flat from 15 minutes before to 3 minutes after high-impact news. Hedging, martingale, grid trading and copying third-party signals are prohibited on challenge accounts; ScaleMate has a 10% max loss and no daily drawdown.

The first withdrawal is available 7 days after the first trade on a funded account, then normally daily, once the account is at least 2% in profit. Payouts run through RiseWorks, which carries out its own KYC check first. A trader may hold up to three funded accounts worth a combined $300,000. Challenge refunds apply only to certain plans and not once trading begins, and the ScaleMate fee is non-refundable. Residents of 48 listed countries and regions, including Pakistan, Kenya and Morocco, are not accepted.

_Compiled from Market Mates's own published pages, retrieved 2026-09-14. Not independently verified by Prop Firm Pal._

| Field | Value | Source |
| --- | --- | --- |
| legalName | MarketMates Limited | [published page](https://marketmates.com/scalemate-terms-and-conditions/) |
| headquarters | Port Louis, Mauritius | [published page](https://marketmates.com/scalemate-terms-and-conditions/) |
| regulation | Financial Services Commission of Mauritius, Investment Dealer licence GB24202946 | [published page](https://marketmates.com/scalemate-terms-and-conditions/) |
| broker | MarketMates (in-house A-book brokerage) | [published page](https://marketmates.com/prop-trading/) |
| platforms | MT5, Match-Trader | [published page](https://helpdesk.marketmates.com/articles/prop-trading-platforms-styles-plan-rules/) |
| availableAssets | Forex, Indices, Commodities, Shares | [published page](https://marketmates.com/prop-trading/) |
| payoutMethods | RiseWorks | [published page](https://helpdesk.marketmates.com/articles/what-kyc-checks-do-i-need-to-complete/) |
| payoutFrequency | Normally daily after the first withdrawal, which is available 7 days from the first trade on the funded account | [published page](https://marketmates.com/prop-trading-terms-and-conditions/) |
| restrictedCountries | Afghanistan, Albania, Barbados, Belarus, Burkina Faso, Burundi, Cameroon, Central African Republic, Congo (Brazzaville), Congo (Kinshasa), Côte d’Ivoire, Cuba,  | [published page](https://marketmates.com/prohibited-countries/) |
| positioning | A broker-backed prop firm whose funded accounts run on its own A-book brokerage | [published page](https://marketmates.com/prop-trading/) |
| maxAccountSize | 100000 | [published page](https://marketmates.com/prop-trading/) |
| maxAllocation | 300000 | [published page](https://marketmates.com/prop-trading-terms-and-conditions/) |
| scalingPlan | ScaleMate scales in ten levels, each needing a profit of 10% of the original starting balance and at least 15 trading days at the level, up to $500,000; challen | [published page](https://marketmates.com/scalemate/) |
| resetPolicy | A failed challenge can be retaken by buying a new challenge or, where applicable, through a reset from support | [published page](https://marketmates.com/prop-trading-terms-and-conditions/) |
| refundPolicy | Refundable fees apply only to certain plans, and no refund once trading begins unless stated; the ScaleMate purchase fee is non-refundable | [published page](https://marketmates.com/prop-trading-terms-and-conditions/) |
| inactivityPolicy | No inactivity period on challenges; funded accounts with no trading for 30 consecutive days may be paused or closed | [published page](https://marketmates.com/prop-trading-terms-and-conditions/) |
| kycRequirements | MarketMates identity verification when the account is opened, and a separate RiseWorks KYC check before any payout | [published page](https://helpdesk.marketmates.com/articles/what-kyc-checks-do-i-need-to-complete/) |
| minPayoutAmount | Account at least 2% in profit | [published page](https://marketmates.com/prop-trading-terms-and-conditions/) |
| payoutProcessingTime | ScaleMate withdrawals typically processed within one business day | [published page](https://marketmates.com/scalemate-terms-and-conditions/) |
| supportHours | Mon to Thu 8:30am to 6:30pm, Fri 8:30am to 5pm (time zone not stated) | [published page](https://marketmates.com/contact-us/) |
| fees | [object Object] | [published page](https://marketmates.com/prop-trading/) |
| rules | [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object | — |
| plans | 9 plans | [published page](https://marketmates.com/scalemate-terms-and-conditions/) |

## Frequently asked questions

### What is Market Mates' profit split?

The MarketMates challenge page lists a profit split of 70-90%, without saying which plan gets which figure. ScaleMate, its instant funding account, pays an 80% profit share to the trader.

### How much does a Market Mates challenge cost?

The 1-Phase Best Mate challenge at $10K costs $99. Prices for other sizes and for the Scalper, Swing and 2-Phase challenges were not shown on the pages read; ScaleMate costs a purchase fee of $500 to $5,000.

### What are the Market Mates challenge rules?

The 1-Phase Best Mate challenge needs a 10% profit target within a 3% max daily loss and 6% max loss, with 5 profitable trading days and no time limit. Most challenges also require a stop-loss within 120 seconds, 1% maximum risk per trade and no more than five open positions.

### Does Market Mates have a trailing drawdown?

No. MarketMates challenges are balance-based, and maximum loss is measured from the starting balance: 6% on one-phase plans and 8% on two-phase plans. The daily loss limit is a fixed dollar amount set from the starting balance and resets at 5:00 pm ET.

### Does Market Mates have a consistency rule?

No, the challenges have no consistency rule. Minimum trading days only count days with at least 0.5% profit: 5 on one-phase Best Mate and Scalper, and 3 on Swing and two-phase plans.

### Does Market Mates allow news trading?

Only on plans that allow it or with written approval. Otherwise traders must be flat from 15 minutes before to 3 minutes after high-impact news, and using more than 50% of available margin before a news event is banned on every challenge.

### Does Market Mates allow EAs, copy trading and hedging?

EAs and automated systems are allowed, with API connections registered first and third-party bots pre-approved. Copy trading is allowed only between your own funded accounts, and hedging, martingale and grid trading are prohibited on challenge accounts.

### How do Market Mates payouts work?

The first withdrawal opens 7 days after the first trade on a funded account, then payouts are normally daily once the account is at least 2% in profit. Payouts go through RiseWorks, which runs its own KYC check before paying.

### Does Market Mates offer instant funding?

Yes, through ScaleMate. A purchase fee of $500 to $5,000 buys a live account from $5,000 to $50,000 with an 80% profit split and a 10% max loss, which scales in ten levels to as much as $500,000.

### Does Market Mates refund the challenge fee?

Only on certain plans, and not after trading begins unless stated otherwise. The ScaleMate purchase fee is non-refundable.

### Which countries are restricted at Market Mates?

MarketMates does not offer accounts to residents of 48 listed countries and regions, among them Pakistan, Kenya, Morocco, Russia, Iran, Panama and Jamaica, plus parts of Ukraine. The list is reviewed regularly and may change without notice. Separately, its ScaleMate terms say "ScaleMate is not available to residents of the United States."

### Is Market Mates legit?

MarketMates is the trading name of MarketMates Limited, which is regulated by the Financial Services Commission of Mauritius as an investment dealer under licence GB24202946 and registered in Port Louis. Its help desk also says reaching the profit target "does not guarantee phase completion or funded access".

## Related pages
- [Market Mates rules](https://propfirmpal.com/firms/unverified/market-mates/rules) — markdown: https://propfirmpal.com/firms/unverified/market-mates/rules.md
- [Market Mates payouts](https://propfirmpal.com/firms/unverified/market-mates/payouts) — markdown: https://propfirmpal.com/firms/unverified/market-mates/payouts.md
- [All prop firms compared](https://propfirmpal.com/best-prop-firms)
- [Market Mates alternatives](https://propfirmpal.com/alternatives/market-mates)
- [Market Mates web traffic history](https://propfirmpal.com/firms/unverified/market-mates/traffic)