Meridian Funded Review
Meridian Funded sells simulated forex and CFD accounts with performance-based rewards: two evaluation models and two instant models, run by a Dubai company that says it launched in 2026.
- 1-Step· 9% target
- 2-Step· 8% then 5%
- Instant· no evaluation
- Instant Zero· no evaluation
Some official terms conflict. Meridian's own pages (homepage, FAQ, Terms and Refund Policy) disagree on at least 10 material points, including the Instant Zero split (80% or 90%) and whether the fee refund is cash or credit; further differences are noted inline. See both versions
- List price from
- $68
- Models on sale
- 4
- Document conflicts
- 10+ open
- Research checked
- 15 Oct 2026
Affiliate link · may earn commission
- Account models
- 4 on sale
- 1-Step, 2-Step, Instant, Instant Zero; 3-Step not on sale
- List price from
- $68
- 2-Step $10K, one-time; promo prices unverified
- Profit split
- 90%
- Step and Instant default; Instant Zero 80% (FAQ) or 90% (Terms)
- Payout pledge
- 12 hours
- Approved requests, business hours; not a measured time
- Max starting size
- $500K
- $200K on Instant Zero; the $5M scaling cap is separate
- Platforms
- MT5
- Documented; cTrader is offered but undocumented
Editorial assessment & evidence status
No numerical scoreBasis
- 6 official documents read
- 23 list prices checked
- 10 key conflicts open; more noted inline
- No purchase, payout or support test
15 Oct 2026, 14:09–14:17 UTC. Methodology
Pricing transparency
Clear list pricesAll 23 list prices are public and match the store. Discounts need untested codes; add-on prices are unpublished.S1S10
Rule clarity
Detailed but conflictingPer-model limits come with dollar examples, but the FAQ and Terms disagree on Instant Zero and two Shield thresholds.S4S3
Payout conditions
ConditionalEach model has its own gates, the Risk Team's review is final, and the Terms let Meridian void profits.S4
Review platforms were not checked; that does not mean Meridian has no reviews.
How funding works at Meridian Funded
Instant models skip the evaluation, not the payout conditions.
- Step 1
Choose a model
4 modelsCheck both restricted-country lists first. - Step 2
Buy and get access
From $68MT5 login by email, usually within 15 minutes. - Step 3
Pass the evaluation
9% or 8% + 5%1-Step or 2-Step; instant models skip this. - Step 4
Qualify and verify
5 days or 106%Minimum days or Instant Zero's buffer, then KYC. - Step 5
Request a reward
$100 minimumEvery 14 days (Step) or on demand (instant).
Our verdict on Meridian Funded
What Meridian publishes. List prices run from $68 (2-Step, $10K) to $2,725 (Instant, $500K), and the Terms and FAQ explain each model's limits with dollar examples. The 2-Step's static 10% floor is the most forgiving drawdown on offer.S1S4S3
What is unresolved. The documents disagree on terms that change what you are paid, from the Instant Zero split to the fee refund, and the FAQ changed on our research date without a version change.S3S4S5
What is unverified. The operator says it was incorporated in May 2026. Its claims of 26,000+ traders, a 4.8/5 rating with no platform named, $2.8M+ in rewards and “Zero Denials” are its own, and the Terms let it void profits and pending payouts.S2S1S7S4
How we review & sourcing: built from Meridian's six official documents as published on 15 Oct 2026, plus four supporting pages. We did not buy an account or request a payout. Sources and method
Bottom line · Low list prices and unusually detailed rules, but conflicting documents and a months-long history. If you buy, get written answers on the conflicts first and treat the fee as money you can afford to lose.
Pros
- List prices from $68, matching the store
- Static-drawdown 2-Step; no-consistency Instant Zero
- Detailed rules with worked dollar examples
- Overnight and weekend holding allowed (funded: weekend-gap rule applies)
- 12-hour pledge with a 10% late credit (Terms)
Cons
- Official pages conflict on at least 10 points
- Incorporated May 2026; its claims are unverified
- Strict funded rules: Shield, 2% per idea, 2-minute hold
- Logging in from abroad, even by VPN, ends the account
- Add-on prices unpublished; promo prices unverified
Who Meridian Funded may suit
May suit
- Evaluation traders who want a static 10% floor (2-Step)
- Traders who accept tight limits to skip an evaluation
- Forex and CFD traders already on MetaTrader 5
- Swing traders holding overnight and over weekends (funded: weekend-gap rule applies)
Use caution if you
- Scalp under 2 minutes or trade red-folder news
- Travel or trade through a VPN, VPS or remote desktop
- Want cTrader, which no document describes
- Need consistent terms or a long payout record
Availability & country restrictions
Meridian publishes two different lists, and its AML policy points to the Terms. The Terms also bar anyone on UN, EU, UK or US sanctions lists.S3S4S6
On both lists
- Afghanistan
- Belarus
- Cuba
- Iran
- Myanmar
- North Korea
- Russia
- Syria
- Yemen
FAQ only
- United Arab Emirates
Terms only
- Crimea, Donetsk and Luhansk regions of Ukraine
- Sudan
- Venezuela
Absence from both lists does not confirm acceptance, and you may only log in from your declared country.
Account sizes, fees and discounts
Meridian charges a one-time USD fee. These are the 23 list prices in its official selector on 15 Oct 2026, all matching the store catalog; the cheapest is $68 for a $10K 2-Step.S1S10
List prices by model (USD)
| Size | 1-Step | 2-Step | Instant | Instant Zero |
|---|---|---|---|---|
| $10K | $100 | $68 (lowest list price) | $125 | $159 |
| $25K | $144 | $125 | $235 | $258 |
| $50K | $264 | $235 | $409 | $449 |
| $100K | $464 | $416 | $708 | $778 |
| $200K | $852 | $835 | $1,235 | $1,358 |
| $500K | $1,725 | $1,635 | $2,725 | Not offered |
Checked 15 Oct 2026, 14:09–14:17 UTC. $500K Instant Zero is excluded from the selector and rejected by the store.
Promotions and add-ons
| Item | Price or end | Status |
|---|---|---|
| Homepage discount45% off $10K–$50K; 50% off $100K+ | Code needed; unverifiedS1S7 | |
| First-order discount50% off, new customers | No end date or stacking terms | Code needed; unverifiedS1 |
| Free Challenge ResetOne reset during evaluation | Not published | Checkout add-onS4S3 |
| Split add-on (Step, Instant)95% (Terms) or 100% (FAQ)C10 | Not published | Checkout add-onS4S3 |
| Instant Zero split add-on100% until a Shield event | Not published | Checkout add-onS4S3 |
The selector strikes through list prices beside figures 45% or 50% lower, but the store listed full prices and we tested no checkout. We hold no Meridian code.
Key trading rules by model
No model has a time limit, and every loss limit is checked in real time on equity, including floating profit.S4
Rules by model and stage
| Rule | 1-Step | 2-Step | Instant | Instant Zero | Sources |
|---|---|---|---|---|---|
| Profit targetevaluation | 9%, one phase | 8%, then 5% | None | None | S4S3 |
| Minimum trading daysevaluation | 3 trading days | 3 per phase | Not applicable | Not applicable | S4S3 |
| Daily loss limitall stages | 3% of initial balance | 5% of initial balance | 4% of initial balance | 2.5% of start-of-day equity | S4S1S3 |
| Maximum loss (of initial balance)all stages | 6% | 10% | 7% | 5% | S4S3 |
| Drawdown typeall stages | Trails peak equity; locks at the initial balance | Static: never moves | Trails peak equity; never locks | Trails end-of-day equity; lock terms conflictC2 | S4S3 |
| Consistency rulefunded | No day above 25% of period profit | No day above 25% of period profit | No day above 15% of period profit | None | S4S3 |
| Meridian Shield (floating loss)funded | −1.5% (FAQ) or −2% (Terms)C3 | −2% | −1% (FAQ) or −1.5% (Terms)C3 | −1% | S3S4 |
| Same-account hedgingfunded | Allowed | Allowed | Prohibited | Prohibited | S4 |
Documented, not on sale: a 3-Step model (6% per phase, 4% daily, 9% static), filtered out of the selector.S1S4S3
How the limits move
The daily floor resets at 5:00 PM New York time from the higher of balance or equity. Instant Zero's allowance is 2.5% of start-of-day equity, so $110,000 at the reset gives a $107,250 floor. The 2-Step floor never moves ($90,000 on $100K); Instant Zero's maximum floor moves only at the daily close, but breaches count intraday.S4S3
What happens when a rule is broken
| Trigger | Applies to | Consequence |
|---|---|---|
| Equity touches a loss floor | All models and stages | terminationImmediate, final breach; fee forfeitedS4S3 |
| A day above the consistency limit | Funded Step (25%) and Instant (15%) | payout delayNot a breach; trade on until it is metS4 |
| Winning trade closed within 2 minutes | Funded | profit excludedProfit not counted at payoutS4 |
| Profit above 1% of the initial balance from 5 minutes before to 5 minutes after red-folder news (trades opened over 2 hours earlier are exempt) | Funded | profit excludedExcess profit removed; not a breachS4 |
| A trade opened in Friday's last 3 hours and closed in Monday's first 3 hours | Funded | profit excludedProfit may be removed; not a breach. Normal weekend holding is allowedS4 |
| Shield event, or a trade idea losing over 2% | Funded | split reducedterminationFirst time: split 50% for the cycle (permanently on Instant Zero). Second: terminationS4 |
| Opposite positions on one instrument | Funded Instant models | profit excludedterminationHedged profit voided; second time, terminationS4 |
| Margin above 80% or leverage above the limit | All models and stages | terminationBreachS4S3 |
| Login from another country, VPN or VPS | All accounts | terminationTermination; pending payouts voidedS4 |
| 30 days without a trade | All accounts | terminationBreach; not recoverableS4 |
Payouts and profit sharing
Every request needs a flat account, a clean record, KYC before the first payout and an internal review.S4S6
Payout terms by model
| Term | 1-Step and 2-Step | Instant | Instant Zero | Sources |
|---|---|---|---|---|
| First payout | After 5 trading days | After 5 valid days (+0.5% net each) | At 106% equity | S4S3 |
| Later payouts | Every 14 days | On demand | On demand; the FAQ adds a resetC9 | S4S3 |
| Minimum request | $100 | $100 | $100 above the 106% line | S4 |
| Default split | 90% | 90% | 80% (FAQ) or 90% (Terms)C1 | S4S3S1 |
| With paid add-on | 95% (Terms) or 100% (FAQ)C10 | 95% (Terms) or 100% (FAQ)C10 | 100% until a Shield event | S4S3 |
| After a Shield or trade-idea event | 50% for that cycle | 50% for that cycle | 50%, permanently | S4S3 |
| Challenge Reward | 50% of evaluation profit, with the 3rd payout | None, despite the selector perk | None | S4S1 |
Methods: SEPA wire (1 business day), SWIFT (1–2) or Rise e-wallet (instant), $100 minimum each; Meridian charges no payout fee; bank or network fees may apply.S4S3
The 12-hour pledge
The Terms promise to process approved requests within 12 hours, counted 09:00 Monday to 17:00 Friday London time, plus 10% on the next payout if late. The Terms call this “London time (UTC+0)”, although London is on UTC+1 until 25 Oct, so the exact window is unclear. Verification, risk and bank delays are excluded, transfer time is extra, and we did not test it.S4
Instant Zero's 6% buffer
Only equity above 106% of the initial balance is withdrawable: on $100K, $106,000 leaves nothing and $106,100 allows the $100 minimum. The FAQ's $112,400 example allows a $6,400 request. That is gross eligible profit: you would receive $5,120 at 80%, $5,760 at 90%, $6,400 with the add-on or $3,200 after a Shield event, before any adjustments. The FAQ now also resets the account after each reward (C9).S4S3
Official information that needs clarification
Meridian revised the FAQ at 11:52 UTC on 15 Oct 2026 without changing its “v4.4” label, the Terms or the Refund Policy. None of these 10 key points was resolved, and smaller differences are noted inline; ask support in writing which version applies to you.S3S4S5
Where Meridian's documents disagree
| Issue | Source A | Source B | Practical implication |
|---|---|---|---|
| C1Instant Zero profit split | FAQ, selectorS3S180% | TermsS490% | On a $6,400 reward: $5,120 or $5,760. |
| C2Instant Zero drawdown lock | FAQS3Floor freezes at 101% after a 106% end-of-day high, until the next reward | TermsS4Floor locks at the initial balance after a 105% end-of-day high, for good | On $100K, equity of $100,000–$101,000 can be a breach under the FAQ only. |
| C3Meridian Shield thresholds | FAQS31-Step −1.5%; Instant −1% | TermsS41-Step −2%; Instant −1.5% | On $100K: $1,500 or $2,000 of floating loss (1-Step); $1,000 or $1,500 (Instant). |
| C4Evaluation-fee refund | FAQS3150% as Meridian Dollars at payout 2; expires in 6 months | Refund Policy, TermsS5S4100% cash plus 50% credit at payout 1 | $778 fee: $778 cash + $389 credit, or $1,167 credit. Breached after one payout: nothing under the FAQ. |
| C5“200% refund” promotion | HomepageS1“+ 200% REFUND”, no terms | Refund Policy, TermsS5S4Cash refund capped at the amount paid; promo accounts excluded unless stated | No published terms support it; any excess could only be credit. |
| C6Late-payout compensation | Homepage, landing pageS1S7“Paid in 12h or doubled” | Terms, FAQS4S310% added to the next payout | A late $5,000 payout earns $500 extra, not $10,000. |
| C7Second Chance | FAQS3A free new evaluation after a failed first attempt | TermsS4Only early 2-Step and 3-Step funded breaches; 90-day credit | A failed evaluation does not qualify under the Terms. |
| C8Restricted jurisdictions | FAQS310 countries, including the UAE | TermsS412 entries, adding Sudan, Venezuela and three Ukrainian regions; no UAE | UAE residents get conflicting answers. |
| C9Instant Zero after a payout | FAQS3Account resets after each reward; the 6% buffer must be rebuilt | TermsS4The buffer stays on the account; no reset | Under the FAQ, every reward restarts from the initial balance. |
| C10Split add-on (Step models, Instant) | FAQS3The checkout add-on scales the split to 100% | TermsS4The Pro add-on gives 95%; 100% only through Meridian Pro | On a $5,000 reward with the add-on: $4,750 or $5,000. The add-on price is not published. |
Marketing claims the documents qualify
Refunds, resets, rewards and scaling
Separate programs with separate conditions; Meridian Dollars and Meridian Credit are store credit, not cash.S5S4S3
Programs and their terms
| Program | What the documents say | Paid as | Status |
|---|---|---|---|
| Refund before use | Within 14 days if you never logged in or tradedS5 | Cash | Published |
| Fee refund after a payout | Cash plus credit at payout 1, or credit only at payout 2S5S4S3 | Cash, credit | ConflictingC4 |
| Reset after failing | Free only after a first funded payout; before that, 30% off on request or the paid add-onS4S3 | Discount | Published |
| Second Chance | A new evaluation (FAQ) or narrow funded credit (Terms)S3S4 | Account or credit | ConflictingC7 |
| Challenge Reward | 50% of evaluation profit with the 3rd funded payout; lost if breached firstS4 | Reward | Published |
| “First Loss Insurance” | Listed as a perk; no document defines itS1S7 | Not published | Not published |
Account progression
Starting size, funded ceiling and scaling cap are three different numbers.
Markets, platforms, KYC and support
What you can trade
Forex majors, minors and some exotics; gold and silver; US, European and Asian indices; oil and natural gas; and five cryptocurrencies, traded 24/7. There are no futures, options, stocks, ETFs or bonds. The FAQ gives leverage by instrument class for evaluation and funded accounts. It does not say which column applies to the instant models (the Instant Zero selector lists up to 1:50). Exceeding the limit breaches the account.S3
Leverage by instrument (FAQ)
| Instrument | Evaluation | Funded |
|---|---|---|
| Forex | 1:100 | 1:50 |
| Metals | 1:30 | 1:20 |
| Indices | 1:20 | 1:10 |
| Oil and gas | 1:20 | 1:10 |
| Crypto | 1:2 | 1:2 |
Figures from the FAQ; the Terms give none.S3S4
Simulated accounts and company
All accounts are demo accounts with simulated funds; despite the FAQ's “trade with our capital”, your real-money exposure is the fee.S4S3
Platforms
Named in the FAQ and Delivery Policy; login emailed, usually within 15 minutes.S3S9
In the selector and store, but no document covers delivery, instruments or rules.S1S10
KYC and payout ownership
- Before the first reward, and again if your name, email or payout details changeS6S4
- Photo ID, proof of address from the last 3 months and a selfie (the Terms require one; the AML policy says “where applicable”)S4S6
- Buy in your own name; payouts go only to the verified holderS6
Support
Channels: email (support@meridian-funded.com), a contact form, live chat and Discord. Stated response times range from “5 mins or less” (Contact page) to 24 hours (Delivery Policy); we did not test them.S8S1S3S9
Meridian Funded FAQ
What is Meridian Funded?
A prop-trading brand of BLUEWAVE DIGITAL EDUCATION – FZCO, a Dubai company that says it was incorporated in May 2026. It sells forex and CFD evaluation and instant accounts.S2S4
Are Meridian Funded accounts simulated?
Yes. Meridian says every account is a demo account with simulated funds. Your real-money outlay is the fee, and payouts are performance-based rewards.S4
Which account models can I buy?
1-Step, 2-Step, Instant and Instant Zero, from $10K to $500K ($200K on Instant Zero). A documented 3-Step was not on sale.S1S4
How do Instant and Instant Zero differ?
Instant: 4% daily, 7% trailing, a 15% consistency rule and 5 valid days before payout. Instant Zero: 2.5% daily, 5% maximum, no consistency rule, payouts above 106% equity.S4
How much does Meridian Funded cost?
One-time list prices run from $68 (2-Step, $10K) to $2,725 (Instant, $500K). Advertised discounts need a code and were not verified.S1S10
How do drawdown and consistency work?
2-Step is static; 1-Step and Instant trail peak equity; Instant Zero trails end-of-day equity. Consistency rules apply only once funded and delay payouts rather than breach accounts.S4
When can I request a payout?
Step: after 5 trading days, then every 14 days. Instant: after 5 valid days, then on demand. Instant Zero: above 106% equity. KYC and a $100 minimum apply.S4
Is the evaluation fee refundable?
Within 14 days if unused. After a payout, the Refund Policy promises cash plus credit; the revised FAQ says credit only, one payout later. Ask which applies.S5S3
Which trading platforms does it use?
MetaTrader 5 is documented. cTrader is offered in the selector but described nowhere, so confirm it with support first.S3S9S1
Considering Meridian Funded?
List prices from $68. Confirm the conflicting terms for your model in writing before you buy.
Forex and CFD alternatives to consider
Reviewed firms that also offer MetaTrader 5 and cTrader.
Sources, methodology and disclosure
Official documents, checked 15 Oct 2026
- S1Homepage and account selectormeridian-funded.com/ · checked 14:09 UTCSelector, pricing script and promotion panel.
- S2Aboutmeridian-funded.com/about · checked 14:09 UTC
- S3FAQmeridian-funded.com/faq · checked 14:09 UTCRevised 15 Oct 2026, 11:52 UTC; compared with an earlier capture.
- S4Terms and Conditionsmeridian-funded.com/terms-and-conditions · checked 14:09 UTCLast updated 2 Sep 2026.
- S5Refund Policymeridian-funded.com/refund-policy · checked 14:09 UTCLast updated 6 Aug 2026.
- S6AML & KYC Policymeridian-funded.com/aml-kyc-policy · checked 14:09 UTCEffective 6 Aug 2026.
Also checked the same day
- S7Landing pagemeridian-funded.com/landing · checked 14:13 UTCWhere our referral link lands; fetched without a referral code.
- S8Contactmeridian-funded.com/contact · checked 14:12 UTC
- S9Delivery Policymeridian-funded.com/delivery-policy · checked 14:12 UTC
- S10Store product catalog (public data)checkout.meridian-funded.com/wp-json/wc/store/v1/products?per_page=100 · checked 14:15 UTCList prices, no sale flags; no checkout attempted.
How this review was researched
We read each document in full, logged every claim with its model, stage and source, and re-fetched all pages on 15 Oct 2026 (14:09–14:17 UTC). “Published” means Meridian says it, not that it is proven. Our methodology
Affiliate disclosure
Up Trade Funded is reader-supported. “Visit Meridian Funded” buttons use our referral link and we may earn a commission; that does not change this review. Source links carry no referral. Affiliate disclosure
Figures come from Meridian Funded's official documents, checked 15 Oct 2026. Terms change often; confirm the current version on meridian-funded.com before buying.