Last reviewed and fact-checked: September 12, 2026
◎ Best for
Traders who want a static balance drawdown instead of a trailing floor, and who are willing to test a new firm with a small first purchase.
⚠ Avoid if
You are trading from Indonesia or need a documented payout history. Parent broker FirewoodFX was blacklisted by BAPPEBTI, WikiFX rates the group 1.80/10, and no payouts are publicly documented.
Score Breakdown
Challenge Programs & Pricing
Challenge Rules
| Rule | Phase 1 | Phase 2 | Funded |
|---|---|---|---|
| Profit Target | 10% | 8% | — |
| Max Drawdown | 10% static | 8% static | 3% static |
| Daily Loss Limit | 6% | 5% | 2% |
| Min. Trading Days | 5 | 5 | 5 |
| Time Limit | 90 days | 90 days | 90 days |
| Profit Split | — | — | 80% |
| Leverage | 1:100 (forex / gold), 1:2 (crypto) | ||
| Rule | Qualification | Funded |
|---|---|---|
| Profit Target | 8% | — |
| Max Drawdown | 6% static | 3% static |
| Daily Loss Limit | 3% | 2% |
| Min. Trading Days | 15 | 15 |
| Time Limit | 90 days | 360 days |
| Profit Split | — | 80% |
| Leverage | 1:50 | |
| Rule | Funded Account |
|---|---|
| Max Drawdown | 3% trailing |
| Daily Loss Limit | 2% |
| Min. Trading Days | 5 |
| Profit Split | 80% |
| Leverage (Forex / Gold) | 1:100 |
| Leverage (Crypto) | 1:2 |
| Rule | Detail |
|---|---|
| Platform | FireTrader (proprietary, no MT4/MT5) |
| Account currency | USD |
| Commission | No commission on forex and gold |
| Consistency rule | Top-5 trades cannot exceed 50% of total stage profit |
| Inactivity rule | Account closed after 30 days without a trade |
| News trading | Banned ±5 minutes around high-impact events |
| Violation review | Manual review — no automatic rejection |
| Martingale | Allowed |
| Timezone | UTC |
Pros & Cons
- Two-Step and One-Step use static balance-based drawdown. The floor stays at the starting balance and does not move up as profits grow.
- Martingale strategies are explicitly permitted across all three programs.
- Competitive entry pricing. The $10K Two-Step challenge costs $86.90 after the coupon.
- Manual violation review. Firewood Funded does not auto-reject accounts on rule breaches.
- Parent company FirewoodFX has 12 years of operational history and 491 Trustpilot reviews at 4.8 out of 5 on the broker side.
- Parent broker FirewoodFX was publicly blacklisted by Indonesia's BAPPEBTI in February 2022 — the same market the prop firm explicitly targets.
- No publicly documented payout from the prop division as of August 2026. No Reddit threads, no forum posts, no YouTube reviews.
- WikiFX rates the parent broker 1.80 out of 10 and cites regulatory issues and a C-grade trading environment.
- FireTrader is a proprietary platform with no independent execution data or spread comparison published anywhere.
- Maximum funded account size is $10,000 on Two-Step and One-Step. That is far below the $100K–$400K funded caps at comparable firms.
- One-Step requires 15 minimum trading days per phase. That is three times the Two-Step minimum and double what most competing one-step programs require.
- Trustpilot complaints on the broker side include KYC delays and account freezes that blocked withdrawal of profits. The same processes apply to funded accounts.
Verdict
Firewood Funded is a CFD prop firm launched in April 2026 by FirewoodFX, a broker that has operated under a Saint Vincent and the Grenadines registration since 2014. Firewood Funded offers three evaluation paths: a Two-Step program, a One-Step FastTrack, and an Instant funded account. Funded sizes cap at $10,000 on the Two-Step and One-Step and $50,000 on the Instant. All trading runs on FireTrader, the group’s proprietary platform.
The most significant concern is the parent company’s standing in Indonesia. FirewoodFX was publicly disclosed as unlicensed by BAPPEBTI in February 2022 — Indonesia’s commodities futures regulator. Firewood Funded’s own website runs in Bahasa Indonesia and positions the firm as a gateway for Indonesian traders, but the entity operating the prop division is the same one that appears on Indonesia’s regulatory blacklist. WikiFX rates the parent broker at 1.80 out of 10, cites the BAPPEBTI disclosure, and flags no forex trading license. None of this is disclosed on the Firewood Funded website.
As of August 2026, Firewood Funded has no publicly documented payout from the prop division. There are no posts about it on Reddit’s r/PropFirm or r/Forex, no threads on ForexFactory, and no YouTube reviews from funded traders. The firm is roughly four months old, so this is not evidence of wrongdoing — new firms rarely have public payout records immediately. But it does mean traders who purchase a challenge are taking on unverified counterparty risk. The parent broker’s Trustpilot page at 4.8 out of 5 across 491 reviews is a positive data point, but it belongs to the broker side, and that same page includes complaints about KYC delays used to block withdrawal of profits — a process that would apply to funded accounts too.
The challenge structure itself has genuine positives. The Two-Step and One-Step programs use static balance-based drawdown — the floor is fixed at the starting balance and does not trail up as profits accumulate. That matters for traders who build equity gradually. Martingale strategies are allowed. The entry price is reasonable: $86.90 for a $10K Two-Step after the FIREWOOD30 coupon is competitive for the tier. The One-Step’s 15-day minimum trading day requirement is a real restriction, though — most one-step programs require five to seven days.
For Indonesian traders specifically, FundedNext is a stronger option right now. FundedNext supports QRIS, OVO, BCA transfers, and IDR payouts, has MT4 and MT5, a documented payout track record, and no regulatory blacklist in Indonesia. Firewood Funded may improve its position as it builds a payout history and addresses the regulatory gap, but neither of those things exists today. Traders who still want to try Firewood Funded should start with the smallest challenge size available and treat it as a test of the firm’s payout process before committing more capital.
Frequently Asked Questions
Is Firewood Funded a legitimate prop firm?
Firewood Funded is operated by FirewoodFX, a broker that has been running since 2014, so it is a real business. Two concerns are worth knowing. First, the parent broker FirewoodFX was publicly disclosed as unlicensed by Indonesia’s BAPPEBTI in February 2022. Second, as of August 2026, no publicly documented payout from the Firewood Funded prop division appears on Reddit, ForexFactory, or any prop firm community. The firm launched in April 2026, so the absence is not proof of problems, but it means traders cannot yet independently verify that payouts are being processed.
What platform does Firewood Funded use?
Firewood Funded uses FireTrader, a proprietary platform built by the FirewoodFX group. FireTrader is not MetaTrader 4 or MetaTrader 5. Traders cannot port MT4 or MT5 expert advisors, copy-trading tools, or custom indicators. No independent execution reviews, spread comparisons, or slippage data for FireTrader exist in public forums as of August 2026.
Can Indonesian traders access Firewood Funded?
Firewood Funded targets Indonesian traders and publishes a Bahasa Indonesia version of its site. However, the parent broker FirewoodFX was publicly blacklisted by BAPPEBTI in February 2022. Indonesian traders should be aware that using a service from a BAPPEBTI-blacklisted entity may carry additional risk. Some Indonesian ISPs may also restrict access to the platform.
How does the Firewood Funded consistency rule work?
Firewood Funded applies a top-5 trades rule across all programs. The five most profitable trades in any evaluation or funded phase cannot account for more than 50% of total stage profit. If you finish a phase with $1,000 in total profit, your five best trades combined cannot exceed $500. This applies to evaluation and funded phases alike. Martingale strategies are allowed, but large recovery positions can trigger this limit even when the account drawdown stays within bounds — so martingale traders should track this cap actively.
What is the difference between the Two-Step and One-Step at Firewood Funded?
The Two-Step requires two evaluation phases before a funded account. Phase 1 targets 10% profit with a 10% static max drawdown and 6% daily loss limit, with a 5-day minimum. Phase 2 targets 8% with an 8% max drawdown and 5% daily limit, also 5 days minimum. The One-Step FastTrack skips Phase 2 but sets an 8% profit target in a single phase with a 15-day minimum — three times the Two-Step minimum. The One-Step funded period also runs 360 days versus 90 days on the Two-Step funded stage. For most traders, the Two-Step is the better value unless you specifically want to skip the second phase and are comfortable with the longer time-in-market requirement.
Try Firewood Funded
Use code FIREWOOD30 at checkout for 30% off. Expires 14 September 2026.
⚠ Prop trading risk
Challenge fees are money at risk. Most participants never reach a payout, and funded accounts are usually simulated capital rather than live funds. Rules and pricing can change at any time, so confirm them on the firm’s own site before you pay. Nothing in this review is financial advice.
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