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I'm really frustrated with these guys for their misleading claims about 1:1000 leverage. The problem is, when you sign up, they automatically put you on 1:200 without any clear warning, and it stays that way until they decide you're "low-risk" enough. They should at least be upfront about this on their website so that traders who want higher leverage know what they're getting into. It's just not fair.

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.

FirewoodFX is like a well-decorated but deceptive forex providers. Initially, they may appear expertly accommodating, but their true intentions become evident as they actively encourage the depletion of your deposit. They often recommend deals with significant volumes that are clearly unprofitable. It's a simple scheme, and one should exercise caution to avoid falling into their trap.