Verdict

FundedFirm suits a discretionary forex trader in South Asia, Africa or the Gulf who wants a cheap MT5 evaluation, no time limit, news trading and crypto payouts. It does not suit anyone who needs a wide loss budget, algorithmic execution, or documentation that agrees with itself. The single biggest caveat is that the firm publishes three different profit-split schedules and two irreconcilable refund policies across four of its own pages — and the one that governs is the Terms and Conditions, which state that no refund applies at all.

Key terms, as FundedFirm publishes them

• Challenge fee: $549 for a $100,000 one-step account, shown against a struck-through $649 “limited time offer” price on the firm’s homepage (accessed 16 August 2026). Its own comparison table on the same site quotes $529 for the identical plan.
• Account sizes: $5,000, $10,000, $15,000, $25,000, $50,000 and $100,000, per the FundedFirm FAQ.
• Profit target: 10% on the one-step model; 8% in phase one and 5% in phase two on the two-step model (Trading Rules).
• Maximum daily loss: 3% on the one-step model, 5% on the two-step, measured against the higher of starting balance or starting equity, reset at 22:00 UTC. Floating losses count.
• Maximum overall loss: 6% of the initial balance on the one-step model, 10% on the two-step. Static — the rules state the limit “is fixed and does not change even if you make profits”.
• Minimum trading days: three separate days in each step.
• Profit split: up to 100% on a monthly payout cycle, 80% biweekly, 60% weekly (Trading Rules, section 5). The FAQ describes a different scheme entirely.
• Payout eligibility: at least 1% net profit on the live account size before any withdrawal can be requested.

The profit split moves with the payout cycle

The rule that separates FundedFirm from almost everything else in the cluster is buried in section 5 of the Trading Rules. Payout frequency is chosen at enrolment, and it sets the split: “Traders who opt for the monthly payout plan can receive up to 100% of their shareable profits. For those choosing biweekly or weekly payouts, the profit share will be 80% and 60%, respectively.”

Read that as a price list. A trader on a $100,000 account who generates $6,000 in a month keeps $6,000 on the monthly cycle, $4,800 on biweekly, and $3,600 on weekly. The 40 percentage points between fastest and slowest cadence is the cost of liquidity, charged to the trader. Most firms set one split and let cadence float; the headline 100% split we examined at SFX Funded was a marketing number attached to a plan that did not appear in the catalogue. Here the 100% is real, but only for traders willing to wait a month between withdrawals.

The homepage advertises “On-demand withdrawals” and “$20M+ Payouts” in a rotating banner. Weekly and biweekly cycles are not on demand either: the rules state they are “released every Wednesday, starting from the second week after the account is opened.”

What the payout record shows, and what it does not

The Trader Payouts page claims “$5M+ Total Payouts Processed”, an average payout time under 24 hours, a “100% Payout Success Rate” and five-plus payment methods. It lists twelve payouts from January and February 2026 — traders in India, Pakistan, Nigeria, Nepal, Bangladesh, Indonesia and Iraq, with amounts from $1,950 to $8,100, paid in USDT or bitcoin.

Three things could not be verified. First, the site’s own numbers disagree: the page header says $5M+ while the site-wide banner and homepage hero say “$20 Million Paid Out to Real Traders”. Second, the twelve entries carry first names and single-letter surnames, no account identifiers, no transaction hashes and no third-party attestation, so they are not checkable despite the page’s “Real Proof of Payments” title. Third, Trustpilot returned HTTP 403 to every automated request made for this review, across its .com, .co.uk, .ca and .ie domains, so no review count or TrustScore is reported here; Reddit’s search endpoint returned 403 as well, and no first-hand payout thread surfaced in general web search. That is an absence of independent evidence, not evidence of a problem — but a firm claiming a 100% payout success rate carries the burden of making that number checkable, and it has not.

For scale, FundedNext publishes $316.1m in total rewards on its homepage. FundedFirm’s own higher figure is 6% of that.

Three profit splits and two refund policies

The FAQ contradicts the rulebook on the number traders care about most. Asked “What is the typical profit split percentage?”, it answers: “You keep up to 100% of the profits. All traders start with 90%, and after consistent performance, you can scale up to 95% and then 100%.” That is a tenure ladder; the Trading Rules describe a cadence menu of 60/80/100. The two share no common tier — 90% and 95% appear nowhere in the rules, 60% and 80% nowhere in the FAQ. The FAQ also states flatly that “Payouts are available monthly”, which the rules contradict.

The refund conflict is sharper. The Trading Rules say: “All traders who pass the Evaluation will receive a refund of their fees along with their 4th reward.” Country landing pages promote “Challenge fee refund after successful pass”. The FAQ says the fee “is non-refundable”. And the Terms and Conditions — the document that actually governs the purchase — state in capitals: “ALL PAYMENTS ARE FINAL AND FOR EVALUATION PURPOSES ONLY. The registration fees are paid for allowing you to access the FundedFirm platform, models and services. The Customer is not entitled to a refund of the registration fees as the service is directly delivered after purchase. No refund applies to the service that FundedFirm offers.”

Even taking the most generous reading, the refund arrives with the fourth payout. FundedNext’s Stellar two-step, priced at $549.99 for a $100,000 account against FundedFirm’s $549, publishes “Refundable Fee: With 1st Reward”. Three payout cycles is a long way to carry a fee, and the same contract-versus-FAQ divergence we documented at FundedElite resolved the same way: the binding document is the one that says less.

The rules that actually void accounts

FundedFirm markets itself on freedom — no time limit, weekend holding, news trading allowed, no minimum volume. The constraints sit elsewhere.

A single trade may not lose more than 40% of the daily loss limit — on a $10,000 one-step account, $120 against a $300 daily limit. Trades on the same symbol in the same direction opened within three minutes are aggregated into one trade for this test, the window running from the first entry regardless of whether earlier legs were closed. Position sizing is capped separately: for each instrument, the smallest lot size in your order history becomes the base lot and no position may exceed five times it, and opening a smaller lot resets the base downward, tightening the ceiling. Accounts where 80% or more of total profit comes from one trade “may be reviewed”, after which the risk team “may initiate a full account reset at their discretion”.

Hedging is prohibited within and across accounts. Copy trading, mirroring, EAs on funded accounts, tick scalping and “one-sided betting” are listed as forbidden practices, enforced “at its sole discretion” with profit cancellation and permanent bans among the remedies. Slippage that breaches a limit is explicitly the trader’s problem: “If this results in a drawdown or rule breach, it will be considered a valid account violation.”

One requirement appears only in the FAQ and not in the rulebook at all: “A Stop Loss is mandatory on at least 80% of the trades you take… your payout request may be rejected or, in serious cases, your account may be breached.” A payout-denial trigger that lives outside the document called Trading Rules is the kind of gap we flagged at Traders Launch, and it deserves the same weight here.

How the loss budget compares

Metric	FundedFirm one-step	FTMO 1-Step	FundedNext Stellar 2-Step
Profit target	10%	10%	8% then 5%
Max daily loss	3%	3% of initial capital	5%
Max overall loss	6%	10%	10%
Drawdown type	Static, fixed to initial balance	End-of-day trailing, ratchets up only	Static
Minimum trading days	3	None; Best Day capped at 50% of profit	5
Headline split	60%, 80% or 100% by cadence	90%	Up to 95%

The static drawdown is genuinely trader-friendly and better than a trailing floor. But the 6% ceiling against a 10% target means the one-step account demands a 1.67:1 return on the entire loss budget before a single rule nuance applies. FTMO’s 1-Step asks the same 10% against 10%, and FundedNext asks 13% against 10%. FundedFirm’s evaluation is the cheapest of the three per dollar of simulated capital and the tightest of the three per dollar of loss allowance. FTMO remains the only firm in this cluster that owns a regulated broker; FundedFirm owns none.

Regulatory posture and the jurisdiction problem

The operating entity is FundedFirm LTD, registered in Saint Lucia at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, per the firm’s Company page, which dates incorporation to 2023. It is not a rebrand or white-label of any firm previously reviewed here: the entity, address and platform stack are distinct and no prior trading name is disclosed. Saint Lucia’s international business companies are not searchable on a free public register, so incorporation date and shareholding could not be independently confirmed. The firm holds no financial services authorisation anywhere, does not claim one, and describes its product as “skill-based evaluations using simulated trading accounts only”. Read the word “funded” accordingly.

Restricted jurisdictions are stated twice, differently. The site footer and Legal page bar the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, Iran and Russia. The Terms and Conditions bar only “the United States of America (US) or the United Arab Emirates (UAE)”. The UAE appears on neither footer list — yet the firm operates a dedicated UAE landing page whose meta description reads “Best prop firm in UAE 2026”. It also runs marketing pages for Iraq and Myanmar, both named on the footer’s restricted list, and its own payouts table credits a $2,340 withdrawal to a trader in Iraq. A trader who buys a challenge from Dubai has a warranty problem written into the contract they accepted.

On credentials: FundedFirm was named “Most Trusted Prop Firm of 2025” at Forex Expo Dubai, confirmed by the organiser’s own social channel, which also identifies the firm as a Global Sponsor of the event. The press coverage the site lists is largely syndicated PR — The Tribune’s item carries the line “ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.”

FAQ

Is FundedFirm regulated?
No. FundedFirm LTD is registered in Saint Lucia and holds no licence from any financial regulator. It offers simulated evaluation accounts, not brokerage services, and states this in its own risk disclaimer. There is no client-money segregation and no compensation scheme behind a funded balance.

What is the real profit split?
It depends which page you read, which is the problem. The Trading Rules set it by payout cadence: 100% monthly, 80% biweekly, 60% weekly. The FAQ describes 90% rising to 95% then 100% by tenure. Confirm in writing with support before paying, and keep the reply.

Do you get the challenge fee back?
The Trading Rules promise a refund with the fourth reward. The FAQ calls the fee non-refundable. The Terms and Conditions state no refund applies at all. The Terms are the binding document, so treat the fee as spent.

Can you use an EA or copy trades?
No on both. The FAQ prohibits Expert Advisors and automated tools on funded accounts, and copy trading, mirroring and coordinated execution across accounts are listed among the forbidden practices, enforceable by profit cancellation and permanent ban.

What is the fastest way to lose the account?
A single trade losing more than 40% of the daily limit, a position exceeding five times your smallest historical lot on that instrument, an opposing position on the same symbol, or any equity print below the 3% daily or 6% overall floor — floating losses included.

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.