FirewoodFX Review


FirewoodFX is a well-established broker since 2014. FirewoodFX has a headquarter in Saint Vincent and Grenadines. It is are generally well-suited for FirewoodFX to provide their Forex/CFD trading services to global clients.


Simple yet detailed information upon this broker can be seen below.


Company Information

Website
www.firewoodfx.com

Established
2014

Country
Saint Vincent and Grenadines

Regulation
-

Features

Bonus offers

Segregated accounts

Affiliate program

Islamic accounts available

Account Information

This broker offers Standard, Premium and Micro. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FirewoodFX is up to 1:1000. Meanwhile, you can open an account with a starting capital of $10

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$10

Maximum Leverage

1:1000

Spread

Fixed


Minimum Deposit $10

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FirewoodFX also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:1000

Gold & silver
1:100


Minimum Deposit $100

Minimum Position 0.1 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FirewoodFX also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:1000

Gold & silver
1:100


Minimum Deposit $10

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, FirewoodFX also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:1000

Payment Methods

FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

FirewoodFX also provides payment with Credit/debit cards, Perfect Money, Tether (USDT) and UnionPay

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, FirewoodFX offers you MetaTrader 4.

Customer Support

Do you have any question or find any trouble related to FirewoodFX? If you do, you should reach FirewoodFX's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Chinese
English
Indonesian
Thai

Office
Support

Email
Support

Call
Support

Chat
Support


Give Your Review and Rate This Broker



9 Reviews


Renee

Aug 14 2020

I don't know much about top-tier brokers, but as far as newbies are concerned, FirewoodFX does provide a hard-to-resist trading conditions with its fixed spread, fixed rate, low deposit, and high leverage.

FahzaMwfx

Aug 14 2020

Withdrawal or deposit anytime. It is a 24-hour service, reliable even during weekends.

Sandra Kim

Aug 14 2020

The spread is really 1 pip in normal condition. A competitive offer especially for scalpers. But I'm not quite sure about the license.

Riley McDowell

Aug 14 2020

It's quite considerable. The bonus offers are interesting enough. And they accommodate beginners' needs quite well.

Marlon67

Aug 14 2020

Good STP broker with fixed spread only from 1 pip.

No restrictions for trading condition and the slippage does not always result in loss...

Raymond Sheeran

Aug 14 2020

I found this broker while rummaging through fx forums. Their 1 pip fixed spread campaign attracted me to try their service. As a scalper, I found my match in Firewood. They do not make my trades difficult. Everything goes according to my plan.

Also, the execution is speedy. My withdrawals never run into any problems.

I think I'll commit to stay here and will try out some new features should they offer them in the coming future.

Keep doing the good job!!

Mohammed

Aug 14 2020

What a fraud. Their customer service is extremely bad. My e-mail is never responded

St Lucas

Aug 14 2020

It's a nice broker for beginners like me. The specifications really support beginners, whether it's fixed spread, free swap, or fixed rate. The response from customer service is satisfying too. I never have a bad experience withdrawing my funds in this broker. All processed instantly.

Jack Trades

Aug 14 2020

Fix rate and instant deposit and withdrawal in this broker are very attractive. The trading execution is also instant and I can still ge rebate despite the scalping strategy that I apply. What a wonderful experience I have here