diff --git a/src/core/cheats.h b/src/core/cheats.h
index ac731e3a3..d010bb22c 100644
--- a/src/core/cheats.h
+++ b/src/core/cheats.h
@@ -107,6 +107,9 @@ public:
   ALWAYS_INLINE u32 GetCodeCount() const { return static_cast<u32>(m_codes.size()); }
   ALWAYS_INLINE bool IsCodeEnabled(u32 index) const { return m_codes[index].enabled; }
 
+  ALWAYS_INLINE bool GetMasterEnable() const { return m_master_enable; }
+  ALWAYS_INLINE void SetMasterEnable(bool enable) { m_master_enable = enable; }
+
   const CheatCode* FindCode(const char* name) const;
   const CheatCode* FindCode(const char* group, const char* name) const;
 
@@ -144,6 +147,7 @@ public:
 
 private:
   std::vector<CheatCode> m_codes;
+  bool m_master_enable = true;
 };
 
 class MemoryScan
diff --git a/src/frontend-common/common_host_interface.cpp b/src/frontend-common/common_host_interface.cpp
index 0b0e3c3bd..6361690b3 100644
--- a/src/frontend-common/common_host_interface.cpp
+++ b/src/frontend-common/common_host_interface.cpp
@@ -964,6 +964,25 @@ void CommonHostInterface::DoFrameStep()
   PauseSystem(false);
 }
 
+void CommonHostInterface::DoToggleCheats()
+{
+  if (System::IsShutdown())
+    return;
+
+  CheatList* cl = System::GetCheatList();
+  if (!cl)
+  {
+    AddOSDMessage(TranslateStdString("OSDMessage", "No cheats are loaded."), 10.0f);
+    return;
+  }
+
+  cl->SetMasterEnable(!cl->GetMasterEnable());
+  AddFormattedOSDMessage(10.0f,
+                         cl->GetMasterEnable() ? TranslateString("OSDMessage", "%u cheats are now active.") :
+                                                 TranslateString("OSDMessage", "%u cheats are now inactive."),
+                         cl->GetEnabledCodeCount());
+}
+
 std::optional<CommonHostInterface::HostKeyCode>
 CommonHostInterface::GetHostKeyCode(const std::string_view key_code) const
 {
@@ -1449,6 +1468,12 @@ void CommonHostInterface::RegisterGeneralHotkeys()
                      PauseSystem(!System::IsPaused());
                  });
 
+  RegisterHotkey(StaticString(TRANSLATABLE("Hotkeys", "General")), StaticString("ToggleCheats"),
+                 StaticString(TRANSLATABLE("Hotkeys", "Toggle Cheats")), [this](bool pressed) {
+                   if (pressed)
+                     DoToggleCheats();
+                 });
+
   RegisterHotkey(StaticString(TRANSLATABLE("Hotkeys", "General")), StaticString("PowerOff"),
                  StaticString(TRANSLATABLE("Hotkeys", "Power Off System")), [this](bool pressed) {
                    if (pressed && System::IsValid())
@@ -1490,9 +1515,7 @@ void CommonHostInterface::RegisterGeneralHotkeys()
   RegisterHotkey(StaticString(TRANSLATABLE("Hotkeys", "General")), StaticString("FrameStep"),
                  StaticString(TRANSLATABLE("Hotkeys", "Frame Step")), [this](bool pressed) {
                    if (pressed)
-                   {
                      DoFrameStep();
-                   }
                  });
 }
 
diff --git a/src/frontend-common/common_host_interface.h b/src/frontend-common/common_host_interface.h
index b138b7b34..2f1f695fc 100644
--- a/src/frontend-common/common_host_interface.h
+++ b/src/frontend-common/common_host_interface.h
@@ -331,6 +331,7 @@ protected:
   void DrawOSDMessages();
   void DrawDebugWindows();
   void DoFrameStep();
+  void DoToggleCheats();
 
   std::unique_ptr<GameList> m_game_list;