(22 votes, average: 2.41 out of 5)
Loading...| Company info: | |
| Name | Firewoodfx |
| Website | firewoodfx.com |
| Foundation Year | 2014 |
| Regulation |
 |
| Trading conditions: | |
| Min. Deposit | 10 $ |
| Leverage | 1:1, 10:1, 50:1, 100:1, 200:1, 500:1, 1000:1 |
| Trade Lot | 0.01, 0.1, 1 |
| Digits after the dot | 4 |
| Spread type | Fixed, Variable |
| Trading instruments | Forex, Metals, Indices, Stocks, Commodities, CFDs |
| Payment Methods: | |
| Credit Card, Wire transfer, Skrill, Neteller, Perfect Money | |
| Other Features: | |
| Accept US traders |
|
| PAMM |
|
| MT5 |
|
| Mobile Trading |
|
| Web-based trading |
|
| Affiliate program |
|
| VPS |
|
| ProfitF BONUS: |
|
When I am looking for a low spreads broker, I stumble upon Firewoodfx
banner in a forex trader forum. I click it, because I am interested with
their marketing speech: “spreads starts from 1 pip fixed”
After I read their site, I decided to open premium account with them and deposit $400.
As an EURUSD scalper. I found my favorite playing ground. I can put
tight stop losses (usually i put 5.0-7.0 pips SL with 10.0-15.0 pips
TP). And surprise, after evaluate my profit and loss for 6 weeks
trading and withdraw nearly 115% from my equity, I never got any
problems with my trading style. It does not like any other brokers,
Firewood does not even complaining with my trading styles. The
executions quality is always the same, and withdrawal always smooth.
I think , I found my dream broker. Will try to stay here , and maybe will try their PAMM feature next to multiply my earnings
8 months after my last review about FirewoodFX. And till now i still trade with them.
Still satisfied with their services, and now i am tried to maximize my earning potential with them , and applied as FirewoodFX IB, Pamm Trader, and signal provider.
still same trading conditions.
but only one negative aspects. They process withdrawal request in 24-48 hours timeframe, which is too long for some people
FireWoodFX is forex broker established in 2014 with office Saint Vincent and the Grenadines. This broker receive award for the Best New STP Broker South East Asia 2014. They are also regulated by St Vincent and The Grenadines (Reg Number: 22160 IBC 2014).The maximum leverage that you can use is 1:1000, as the spreads starting from 2 pips (See LIVE spreads forex brokers here), the pricing format of the accounts are 4-digit type, you can use also swap free account. Stopout level is 20%, as the hedging/EA/scalping is allowed with no commission. No requote and very fast execution in milisecond. Broker accept diffirent payment methods : Wire Transfer, China Unionpay, Local Exchanger (for Indonesian Clients), Perfect Money, OKPAY, Fasapay, Neteller, Skrill and Credit Card
With FireWoodFX, you can trade as you wish – long term, short term, intraday. You can make money and to use comfortable trading conditions. This is the most important part for every client and trader. You can use MetaTrader 4 for trading, as it is perfect for mobile trading also. So you can trade wherever you are at anytime with PC, iPhone, iPad, iPod, and Android devices. They try to give the most comfortable conditions for each their client.
The minimum deposit amount is 10 USD, as you can invest money with payments options such as Neteller, Perfect Money, Wire transfer, Debit/credit card and other. You can receive also 20% welcome bonus, you need only to make $100 deposit or more and just get 20% bonus. You can also receive trading reward bonus up to $5000. You must read their bonus terms for more information. The trading could be more profitable, if you know what risk to choose, so the deposit amount is one of this part.
I am trying with them on and off. When they first started they had some issues but they have improved very much. The support is not so good I trade with them for their honesty and spreads . Had minor withdraw issues. . My thoughts are they don’t have the best offers with meta trader.