FirewoodFX employs a cunning strategy to take your money. They widen the spread pips, effectively charging you more, and then label it as "slippage." While I had a smooth experience trading on their demo account, things took a different turn on the real account.
When I attempted to open a trade at a specific price, they manipulated it and executed it at a different price, justifying it as "slippage." The same issue kept recurring when closing orders. For example, if I expected a profit of +$2, I'd later discover in my trading history that it was actually -2$. This pattern persisted across many of my orders.
When I reached out to them about this, they insisted it was slippage, and that I had supposedly agreed to it when signing up. This situation left me baffled. Why would every order be opened at a different price and result in a 2-pip loss when closing it? It seemed rather unreasonable and hard to accept.
Marty Patton Oct 16 2023
I'm really frustrated with these guys for their misleading claims... More
Roxanne Logan Oct 1 2023
FirewoodFX is like a well-decorated but deceptive forex providers. Initially,... More