Verdict: Firewood Funded suits a cost-conscious forex or gold trader who wants a small simulated account from a firm with a working brokerage behind it, and who can live inside very tight funded-stage limits. It does not suit anyone who needs room to recover a losing week once funded, or who wants a named regulator standing behind the programme. The biggest caveat: every route ends in a funded stage with a 2% daily and a 3% overall drawdown, a fraction of the 10% allowed during the evaluation.
Key terms (as published by Firewood Funded, checked 24 September 2026)
- Challenge fee (list price): $20 for a $2,000 2-Phase account up to $169 for $25,000; FastTrack 1-Phase $29 to $699; Instant $20 to $229 (challenge selector)
- Account sizes: $2,000 to $25,000 (2-Phase), $2,000 to $100,000 (1-Phase), $1,000 to $50,000 (Instant)
- Profit split: 80% on every funded account
- Profit target: 8% then 5% (2-Phase); 8% (1-Phase); none (Instant)
- Maximum drawdown: 10% static (2-Phase evaluation), 6% static (1-Phase), 5% trailing (Instant), 3% on every funded stage
- Daily loss limit: 6% and 5% (2-Phase phases), 3% (1-Phase), 2% on every funded stage
- Payout frequency: first payout eligible one week after funding, then weekly (challenge rules)
- Minimum trading days: 5 per phase (15 on 1-Phase), plus 5 profitable days (7 on Instant) and 20 closed trades per evaluation phase
Firewood Funded is the prop trading arm of FirewoodFX, an offshore forex and CFD broker that has traded under the Firewood Global Ltd name since 2014. It was announced on 13 April 2026 through a PR Newswire release, which promised funding of up to $100,000 and an 80/20 split. Since then the firm has added a third route, an Instant account with no evaluation, and has repriced and reworked the targets on its two-phase programme.
Who is behind Firewood Funded
The site footer, the contracting entity in the terms and the platform’s hostnames all point to the same company. The footer names Firewood Global Ltd, registered in St Vincent and the Grenadines under number 22160 BC 2014, at Euro House, Richmond Hill Road, Kingstown. The customer agreement (version 20260301-050914) is made with that same company, “operating under the brand name FirewoodFunded”. The FirewoodFX About page gives the identical registration number and address for the broker, and the two sites share a London phone number.
The trading platform, FireTrader, runs on a firewoodfunded.com subdomain and links out to FirewoodFX’s own client portal rather than to a third-party prop technology vendor. On the evidence available, this is a broker running its own programme, not a white-label front end. The firewoodfunded.com domain itself was registered on 21 February 2026.
Rules that fail traders: the funded-stage squeeze
On the 2-Phase programme, the assessment phase allows a 6% daily loss and a 10% overall drawdown. The qualification phase allows 5% and 10%. Once you pass and reach the funded phase, those limits fall to 2% daily and 3% overall. On a $10,000 account, that means the funded floor sits $300 below the starting balance, against $1,000 during the evaluation.
The same 2% and 3% limits apply to the funded stage of the FastTrack 1-Phase programme. The Instant account applies 2% daily from the start, with a 5% trailing drawdown that follows the highest equity observed, “including intraday observations”, according to the rules page. On the $1,000 Instant account, that is $50 of total room and $20 of daily room, and floating profit that later evaporates still lifts the floor.
Several other mechanics need attention:
- Top-five profit cap. On the 2-Phase and 1-Phase programmes, your five most profitable trades may not make up more than 50% of phase profit.
- News and holding time. The FAQ bans opening or closing trades within 5 minutes either side of high-impact news, and bans any trade opened and closed inside 180 seconds at every stage.
- Stage clocks. The rule catalogue lists a 90-day stage duration on each 2-Phase phase, including the funded phase, and a 30-day inactivity limit. The FastTrack funded stage lists an 8% profit target within one year. The public rules do not explain what happens to a funded account when either clock runs out.
- Leverage. Listed at 1:100 on forex and gold for 2-Phase and Instant, 1:50 on 1-Phase, and 1:2 on crypto. The customer agreement lets the company change leverage “without prior notice”.
Two points run the other way. The FAQ says martingale strategies are accepted, which many rivals prohibit. It also says rule breaches are not closed automatically: “All rule violations are manually reviewed by a human team.”
Payouts: what is published and what is not
Firewood Funded now publishes a payout schedule. The first payout becomes available one week after the funded account is ready, and each later payout one week after the last confirmed one. A request needs the profitable-day requirement met, no open positions or pending orders, and no permanent breach. When a payout settles, the full cycle profit, including the firm’s 20% share, is deducted from the account balance. That schedule is recent: an independent review by PropFirmMap, checked on 29 August 2026, found no published payout cadence at that point, and recorded a 10% then 8% two-phase target that has since been cut to 8% then 5%.
The homepage carries a “Payout Proof” panel with four entries, names masked:
- USD 189.00, FastTrack 1-Phase, Philippines, 7 August 2026
- USD 113.00, FastTrack 1-Phase, Philippines, 11 August 2026
- USD 56.00, Instant, Indonesia, 10 September 2026
- USD 496.00, Instant, Indonesia, 16 September 2026
That is $854 in total across roughly five months of operation. These are the firm’s own figures and cannot be checked from outside.
What we could not verify: how long a payout takes to arrive after it is approved, which withdrawal methods are used, and whether minimum or maximum payout amounts apply. The FAQ lists USDT and local methods in Indonesian rupiah, Nigerian naira, Kenyan shilling and Ghanaian cedi for paying fees, but says nothing about withdrawals. We found no first-hand trader payout reports on public forums. The Trustpilot profile for firewoodfunded.com was unclaimed and had zero reviews on 24 September 2026. PropFirmMap reports that the parent broker’s separate profile scores 4.8 from 491 reviews. That rating covers the brokerage, not the prop programme. The firm does not publish audited payout totals or pass rates.
How Firewood Funded compares
The table sets the Firewood Funded 2-Phase programme against two established two-step programmes. Figures come from each firm’s own rules page: FTMO Trading Objectives and The5ers High Stakes, both checked on 24 September 2026.
| Term | Firewood Funded 2-Phase | FTMO 2-Step | The5ers High Stakes |
|---|---|---|---|
| Phase 1 profit target | 8% | 10% | 10% |
| Phase 2 profit target | 5% | 5% | 5% |
| Daily loss limit, evaluation | 6%, then 5% | 5% | 5% |
| Maximum loss, evaluation | 10% | 10% | 10% |
| Daily loss limit, funded | 2% | 5% | 5% |
| Maximum loss, funded | 3% | 10% | 10% |
| Minimum days per phase | 5 trading + 5 profitable | 4 trading | 3 profitable |
On profit targets alone, Firewood Funded’s evaluation is not harder than FTMO’s or The5ers’. Its phase-one target is lower, although it asks for more trading days and adds the top-five profit cap. The real difference comes after the pass. FTMO and The5ers keep the evaluation risk limits on the funded account. Firewood Funded cuts the overall limit by more than two-thirds. For more detail on the comparison firms, see our FTMO review and our The5ers review.
A broker-backed prop firm in a crowded lane
Firewood is a late entrant among broker-run prop programmes. We covered the most prominent example in our Axi Select review and a more recent one in our Atmos Funded review. In its launch coverage on 13 April 2026, Finance Magnates compared Firewood with those earlier entrants and concluded: “Firewood Funded’s 80/20 split sits at the lower end of that band.”
The customer agreement is also clear about what “funded” means here. All trading is simulated. The company “may, at its sole discretion, allocate internal Company capital to strategies that replicate or mirror the Customer’s simulated trading activity”, and the trader gets no access to or control over any live account. The agreement lets the company amend payout terms, fees and evaluation criteria when it publishes the change, although the rules page says purchased terms “stay with your account”. The agreement is governed by St Vincent law.
Regulatory posture
The prop programme is not regulated, and the firm says as much. Its FAQ says Firewood Global Ltd holds a forex brokerage licence in Comoros, and that the group includes an entity in Labuan, Malaysia, regulated by the Labuan Financial Services Authority. It adds that prop trading activities “are not specifically regulated as forex brokerage services.” Neither firewoodfunded.com nor the FirewoodFX pages we reviewed give a licence number, although the footer states “Although licensed” without naming a regulator. Finance Magnates notes that St Vincent’s Financial Services Authority does not license forex or CFD brokerage. Accounts are simulated at every stage. For how regulators draw the line on prop models, see our analysis of where prop firm regulation actually bites.
Frequently asked questions
Is Firewood Funded legit?
It is run by Firewood Global Ltd, the St Vincent-registered company behind the FirewoodFX brokerage, which has operated since 2014. It publishes a detailed rulebook, a weekly payout schedule and four masked payouts totalling $854. With no independent payout reports or Trustpilot reviews yet, its payout record cannot be verified from outside.
How much does a Firewood Funded challenge cost?
List prices run from $20 for a $1,000 Instant or $2,000 2-Phase account to $699 for a $100,000 FastTrack 1-Phase account. A $10,000 account costs $62 on 2-Phase, $79 on 1-Phase and $83 on Instant. The fee is non-refundable once trading starts.
What is the drawdown on a funded account?
Every funded stage we reviewed carries a 2% daily and 3% overall limit. On Instant the 5% overall limit trails the highest equity, including intraday highs. On a $10,000 2-Phase funded account, equity cannot fall below $9,700.
Does Firewood Funded allow news trading or EAs?
News trading is banned within 5 minutes either side of high-impact releases, and trades held less than 180 seconds are banned at every stage. Martingale is allowed. The customer agreement allows Expert Advisors that run inside permitted platforms and within the trading rules.
Which platform does Firewood Funded use?
All current challenges run on FireTrader, a browser-based platform with TradingView charts. The trading server is hosted at Equinix LD4 in London and runs on UTC time.
This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.
Abdelaziz Fathi
Abdelaziz Fathi covers the intersection of forex/CFD brokerage, regulation, liquidity, fintech, and digital assets. With a B.A. in Finance and hands-on industry exposure, Aziz blends analytical rigor with clear storytelling to make complex market structure understandable for traders, brokers, and fintech professionals.
