diff --git a/safe_cli/operators/hw_accounts/ledger_manager.py b/safe_cli/operators/hw_accounts/ledger_manager.py
index 14aba719..643d4edf 100644
--- a/safe_cli/operators/hw_accounts/ledger_manager.py
+++ b/safe_cli/operators/hw_accounts/ledger_manager.py
@@ -73,6 +73,10 @@ def add_account(self, derivation_path: str) -> ChecksumAddress:
         :param derivation_path:
         :return:
         """
+        # we should accept m/ or m'/ starting derivation paths
+        if derivation_path[0:2] == "m/":
+            derivation_path = derivation_path.replace("m/", "")
+
         if not is_bip32_path(derivation_path):
             raise InvalidDerivationPath()
 
diff --git a/tests/test_ledger_manager.py b/tests/test_ledger_manager.py
index 487255c9..f0fc5411 100644
--- a/tests/test_ledger_manager.py
+++ b/tests/test_ledger_manager.py
@@ -153,6 +153,11 @@ def test_add_account(self, mock_get_account_by_path: MagicMock):
         ledger_account = list(ledger_manager.accounts)[0]
         self.assertEqual(ledger_account.address, account_address)
         self.assertEqual(ledger_account.path, derivation_path)
+        # Should accept derivation paths starting with master
+        master_derivation_path = "m/44'/60'/0'/0"
+        self.assertEqual(
+            ledger_manager.add_account(master_derivation_path), account_address
+        )
 
     def test_delete_account(self):
         ledger_manager = LedgerManager()