Firewood fx

Top forex bonuses

In order to be sure that firewoodfx is not a scam, read our trader reviews and check other popular trading related websites and forums. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

Firewoodfx review – is it a scam or legit broker (2021)

In this firewoodfx review, we are going to take a look at the offer that this broker prepared for its traders. Firewoodfx operates on the financial market since 1995. When it comes to trading platforms, the broker features webtrader. The firewoodfx minimum deposit is 10 USD.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this firewoodfx review

website address:	firewoodfx.Com
operated by:	firewood global ltd.
Licensed and authorised by regulatory bodies:
supported languages:	english
customer support available via:	E-mail, phone
contact details:	[email protected], +442036083558
available deposit methods:	bank transfer, VISA, mastercard, fasapay, local exchangers, neteller, perfectmoney, skrill, unionpay
available withdrawal methods:	bank transfer, VISA, mastercard, fasapay, local exchangers, neteller, OKPAY, perfectmoney, skrill
minimum deposit:	10 USD
min. Trade in lots:	0.01
spreads:	typical spread on the currency pair EUR/USD - 3,0 pips * on standard account type
tradable assets:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the european union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in australia and possibly in other jurisdictions.

Firewoodfx fees (typical spreads)

We have scanned fees (typical spreads) that firewoodfx charges when trading popular currency pairs, here is their breakdown in pips.

*typical spreads were recorded on 17.01.2020 at 21:29 for the standard account. Firewoodfx spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: uniglobemarkets, capxm, plus500cy limited and clearstreamfx

Frequently asked questions

�� is firewoodfx a scam?

In accordance with our research, firewoodfx is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that firewoodfx is not a scam, read our trader reviews and check other popular trading related websites and forums.

�� what is the firewoodfx minimum deposit?

In order to start trading with firewoodfx, you have to deposit at least 10 USD (trading accounts can also be held in USD).

�� what deposit and withdrawal methods firewoodfx supports?

We don’t have our own personal experience with firewoodfx. However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider. While there is a decent chance that firewoodfx is not a scam, there is no reason to take the risk of trading trade with an unregulated broker, especially when considering there are hundreds of brokers regulated in the EU, australia, africa and the USA offering similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and cfds, you can get your hands on our marketing broker IQ option – 85% of retail CFD accounts lose money , which is a cysec regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.

Trading platform

Metatrader 4 PC

Simply the best trading platform available. With 50+ built-in indicators and charting tools, multi-language interface, and ability to autotrade your strategy using MQL4.

Metatrader 4 also support copy-trading signal service from metaquotes.

Metatrader 4 mobile

Go to appstore, and install metatrader 4 (https://apps.Apple.Com/id/app/metatrader-4/id496212596)

Select “login with existing account”.

In the search box type firewoodfx and you will see our server names appear

Choose your server (refer to the server field of your login ID in login pop-up on your PC).

Go to google play, and install metatrader 4 (https://play.Google.Com/store/apps/details?Id=net.Metaquotes.Metatrader4)

Select “login with existing account”.

In the search box type firewoodfx and you will see our server names appear

Choose your server (refer to the server field of your login ID in login pop-up on your PC).

Metatrader 4 web

The metatrader 4 web platform currently features:

History of trading operations

Graphical objects

Full set of trading orders

9 timeframes

Access your account at firewoodfx web trading and start trading in just a couple of clicks.

Metatrader 4 multi terminal

Professional trader and money manager can open, manage and close orders in multiple accounts simultaneously, using various trade size allocation methods. Trader is also able to view live market prices and monitor all accounts balance and equity in real-time. The program interface is very similar to the metatrader 4 client terminal, so any trader can easily use this program in short time.

Simply the best forex trading platform. Mobile platform also available.

Start trading forex in 5 minutes. Get 20% deposit bonus.

Free $10000 forex virtual trading account. Practice makes perfect.

HIGH RISK NOTICE

There is a high level of risk involved with trading leveraged products such as forex and cfds. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss.

Firewoodfx does not accept clients from the united states of america.

CONTACT US

LATEST FOREX NEWS

Forex glossary

Ask
the ask price is the price your trade will be executed at if you submit a sell or go short on a trade.

Account balance
the total sum of funds (deposits/withdrawals and transactions) in your individual trading account.

Base currency
E.G.: EUR/USD
the currency on the left side of the slash is the base currency - EUR

Bear market
A market condition in which the market prices are declining, causing wide pessimism and negative sentiment in the market

Bid
the bid price is the price your trade will be executed at if you submit a buy or go long on a trade.

Broker
an individual or a company that is regulated and licenced to act as a mediator and offer an online forex trading environment to traders.

Bull market
A market condition in which the market prices arise or are expected to arise, resulting in investor confidence and a trading environment of confidence and positivity.

Currency pair
the currency pair is the quotation of the value of one currency unit against the unit of another currency.

Equity
equity is your account balance plus the floating profit/loss of your open positions. When you have no open positions, hence no floating profit/loss, then your account equity and balance are the same.

Expert advisor (EA)
A software programme commonly known as ‘robots’ which are configured to do the trading for you. This can be referred to as ‘automated trading’.

Free margin
the difference of your account equity and the open positions’ margin.

Hedging
in the forex market hedging constitutes a strategy used by traders to mitigate risk which may occur from the transactions in foreign currencies.

High price
indicates the highest price of the trading day

Leverage
the ratio used to mirror the transaction size and the actual investment used for margin. Leverage enables clients to trade more money than they actually deposit into their account. A client that deposits $100 and chooses a 200:1 leverage will have the possibility of placing orders of $20, 000.

Limit entry pending order
an order to buy below the market or sell above the market at a pre-defined level, hoping that the price will turn in direction from that point.

Long
when you "go long" you are simply placing a buy order on a currency pair.

In forex trading all currency pairs have a base currency and a quote currency. The quote will usually look something like this: USD/JPY = 100.00. The USD is the base currency and the JPY is the quote currency. This quote shows a rate of $1 US dollar being equal to 100 japanese yen. When you place a long trade on this currency pair, you are going long on the USD dollar and simultaneously going short on the japanese yen.
It sounds complicated, but you would make this trade if you believed that $1 was going to become more valuable than 100.00 japanese yen(i.E. $1 = 101.00JPY).

Lot
the standard unit size of a transaction. One standard lot is equal to 100,000 units of the base currency, 10,000 units if it's a mini, or 1,000 units if it's a micro.

Low price
indicates the lowest price of the trading day

Manual execution
an order which is carried out by dealer intervention.

Margin
the necessary deposit required to keep the client’s trades on the market. For example, if your leverage is 200:1 and you execute an order worth of $20 000 then the margin would be the $100 you are required to deposit. If the funds in the account are less than $100, no trades can be executed.

Margin level
it is the ratio of equity to margin [(equity/margin) x 100]. A very important aspect as brokers use it to determine whether the traders can take any new positions or not.

Margin call level
the initial warning that the amount of equity equals or falls below the used margin in the client’s account. The margin call for firewoodfx clients is activated at the level of 100%

Market order
an order to buy or sell a currency at the current market price.

Pip
the smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point, that is the fourth digit after the decimal point.

Quote currency
E.G.: EUR/USD
the currency on the right side of the slash is the base currency- USD

Resistance
resistance is a technical price level where sellers compensate buyers, causing prices to bounce off a provisional price ceiling.

Rollover
the overnight charge of interest on a currency pair

Scalping
trading that involves regular trading seeking small gains over a very short period of time. Trades can last from seconds to minutes.

Short
when you "go short" you are simply placing a sell order on a currency pair
in forex trading all currency pairs have a base currency and a quote currency. The quote will usually look something like this: USD/JPY = 100.00. The USD is the base currency and the JPY is the quote currency.
This quote shows a rate of $1 US dollar being equal to 100 japanese yen. When you place a short trade on this currency pair, you are going short on the USD dollar and simultaneously going long on the japanese yen.

Slippage
calculated in pips, it’s the difference between the order price and the executed price. Slippage occurs in fast moving and volatile markets, or where there is manual execution of trades.

Spot market
buying and selling currencies at the current market price

Spread
the difference between the bid and ask price of a currency pair.

Stop entry pending order
an order to buy above the market or sell below the market at a pre-defined level, believing that the price will carry on in the same direction.

Stop-loss
an order to limit losses at a pre-defined price level.

Stop-out level
the forced closing, at current prices, by the company of client’s open positions when equity falls below the minimum required margin. The stop-out level on the firewoodfx has been defined at 20%.

Straight-through processing (STP) broker
A forex broker that acts as a mediator between the trader and liquidity providers. Brokers with STP systems transmit the traders’ orders directly to the liquidity providers and charge on commission basis.

Swap
the simultaneous purchase and sale of a particular amount of one currency to the same amount of another currency. Swaps are commonly charged with interest rates namely ‘swap rates’. At firewoodfx we offer our clients swap-free accounts.

Support
support is a technical price level where buyers compensate sellers, causing prices to bounce off a provisional price floor.

Take profit order (T/P) an order used by traders to specify the exact rate of pips from the current price point where to close out their current position for a profit. The rate deemed to be the level where the trader wants to take a profit is sometimes referred to as the “take-profit point”.

Trailing stop
A stop-loss order set at a percentage level below/above the market price - for a long/short position. The trailing stop price is attuned as the price fluctuates. The trailing stop order can be placed as a trailing stop market order.

Simply the best forex trading platform. Mobile platform also available.

Firewoodfx

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Skrill

Neteller

Fasa pay

Perfect money

Credit cards

Wire transfer

Review

Comparison

Review

Introduction

Since firewoodfx is a relatively new name in the forex trading sky, many investors are still not quite familiar with this particular broker house. Luckily, we are here for you, and this in-depth firewoodfx review will give you the most comprehensive overview of this brokerage. Firewoodfx is under the ownership of firewood global LTD, and this global financial enterprise was established in 2014. Firewoodfx is an STP brokerage (straight through processing), and this company’s headquarters is located in the tax haven of st. Vincent and the grenadines. The registered address is suite 305, griffith corporate centre, kingstown. Read on to discover if firewoodfx is a broker you can trust, or you should keep your hard-earned cash as far away from them as possible.

Trading conditions

Due to the fact that the forex market is saturated with all sorts of broker houses, it is essential for them to offer an attractive and a pleasant trading environment if they want to sign new clients and investors. Firewoodfx is trying hard to offer favorable trading conditions to clients from all across the globe. For instance, this brokerage only offers fixed spreads, and the leverage that they provide can go up to 1:1000. Minimum lot size is 0.01, and they do not charge commissions. To summarize all that, firewoodfx is somewhere in the middle when it comes to the modern-day forex market, and this brokerage will probably satisfy your trading needs and preferences, but at the same time, you should not expect any kind of extravagant or top-shelf services.

Products

Novice traders who sign up firewoodfx will have the opportunity to use a demo account and to try out all the features of the trading terminal. For those investors who feel confident about their trading abilities, firewoodfx has prepared two types of accounts – standard and premium. When it comes to the standard account, clients have a starting spread of 2 pips, with a maximum of five lots. The premium account will give more favorable trading conditions, but the minimum deposit requirement for opening this type of account is $100. Firewoodfx provides investors with 38 currency pairs, and there is also an islamic type of trading accounts which complies with the sharia-law.

Regulation

As we all know, st. Vincent and the grenadines belongs to a relatively small circle of caribbean countries which offer various versions of financial services. However, a lot of people have fears and concerns in regards to those so-called tax haven, and it can be said that some of those fears have a legitimate background. Off-shore companies are notorious for their scam operations and malicious intent, but this does not seem to be the case with firewoodfx. As we could see during our examination of their activities in preparation of this firewoodfx review, this particular STP broker behaves in a trustworthy and reliable manner. The brokerage is licensed and regulated by the FSA (financial services authority) and it is registered in st. Vincent and the grenadines under the number 22160 BC 2014.

Platforms

Since firewoodfx is a relatively new brokerage, they have been able to incorporate into their website only the most modern and the most sophisticated trading tools and features. In other words, they picked only the best stuff, and a clear example of this policy is their choice in regards to the trading software. Firewoodfx uses metatrader4, a platform which is used across the forex trading world, and this trading terminal has been on the scene ever since 2005 when it was developed and introduced by metaquotes corp. Metatrader4 uses its proprietary MQL4 scripting language, and firewoodfx has also enabled SSL encryption on their website. As we all know, metatrader4 comes equipped with a powerful arsenal of charts, tools, and more than 50 helpful trading indicators. Real-time analysis and expert advisors are highly appreciated by modern-day traders, and these features can significantly improve your portfolio and make your profits more lucrative.

Mobile trading

With the development of social media and smartphones, the financial world was also forced to make adjustments. Nowadays, almost all brokerages offer a mobile version of their websites, and firewoodfx is no exception. Their software package is optimized for the use on android, ios and windows mobile devices. By offering this option, firewoodfx has enabled traders to invest at any time and from anywhere.

Pricing

As we already said earlier in our firewoodfx review, this brokerage only offers fixed spreads. With no commissions, their minimum lot size is 0.01 pips. The starting spread for the standard account is 2 pips, and all of this indicates that firewoodfx stays within the industry standards when it comes to charging fees and offering spreads and leverages.

Deposits & withdrawals

Even though you should always be slightly cautious when depositing funds with offshore companies, firewoodfx is a company that promises stability and protection of your funds by keeping them in segregated accounts of their top-notch partner banks. When it comes to deposits and withdrawals, they can be made through several money-transfer services, such as credit cards, wire transfer, neteller, skrill, perfect money, etc. Deposits are being handled in the so-called instant processing manner, and for the withdrawals – you could be forced to wait 2-3 days, depending on your preferred withdrawal method. Also, firewoodfx usually charges a small fee (around 1%) on the withdrawal requests.

Customer support

The importance of having an exemplary customer support service is not something that is unknown to people behind firewoodfx. For this reason, their support teams are available at any time, 24 hours a day, and their representatives are very polite and quite helpful. Firewoodfx provides assistance in multiple languages, and you can contact their team through several means of communication, such as telephone, email, live chat, and so on. Additionally, there is a web-based contact form with a call-back option.

Research & education

To be honest, firewoodfx does not provide anything outrageous or amazing when it comes to educational materials, but novice clients will have enough learning opportunities once they join this brokerage. For instance, text articles explaining what is forex and why you should invest in these markets will give you the basic knowledge about the online trading world. Aside from those, firewoodfx also offers a glossary, margin calculator, and news section.

Noteworthy points

Promotions and competitions are certainly important elements that we need to mention in this firewoodfx review, simply because we all love free stuff, don’t we? Firewoodfx will give you a 20% bonus on your first deposit, which has to be over $100. Also, there is a trading bonus available with firewoodfx, and many traders are exploiting the benefits of these incentives and promotional activities.

Conclusion

Our firewoodfx review has taken into consideration all there is to know about this particular trading company. It is up to you now to decide if your money will be wisely invested through firewoodfx. According to most sources, this brokerage offers a reliable and professional service, and recently they introduced social trading via zulutrade and tradecopy, which shows their desire to innovate and improve their services and products

Comparison

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Firewoodfx review

This broker was not featured in our 2021 broker review audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

We review all brokers to a strict and unique methodology, to ensure that we only promote high quality brands that you can trust. This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. All brokers are then given a score out of 100. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.

If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.

Brokers available in united states

Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Since 2015, we’ve reviewed over 200 forex brokers.

Firewoodfx is a brokerage firm that’s owned by firewood global ltd, a company registered in st vincent and the grenadines. It was founded by a group of professional forex traders with extensive experience in the financial industry.

What are the advantages of trading with firewoodfx?

Deposit bonus of 200% available to cover negative balance

Fixed spread from 1 pip and no commission

Eas, robot trading, scalping, hedging and news trading allowed

Fast execution and no requotes

Leverage of up to 1000:1

Islamic/swap free accounts available

Mobile trading supported for iphone, ipad and android

Three different account types are offered by firewoodfx

There are three different types of account offered by firewoodfx, with two options of pricing format. The three accounts are as follows:

- Micro account – requires a minimum deposit of $10 and offers leverage of up to 1000:1. The minimum trade size is 0.01 lot and the maximum is 200 lots. The maximum open positions permitted is 200 positions and spreads are from 3 pips. There are no commission charges and there is an islamic account

Available. Hedging, scalping and expert advisors are allowed. The stop and limit levels are 2 pips, while the stopout level is 20%.

Standard account – requires a minimum deposit of $10 and offers leverage of up to 1000:1. The minimum trade size is 0.01 lot and the maximum is 30 lots. The maximum open positions allowed is 200 and spreads are from 2 pips. There are no commission charges and there is an islamic account option. All other features are the same as the micro account.

Premium account – requires a minimum deposit of $100 and offers leverage up to 1000:1. The minimum trade size is 0.1 lot, while the maximum is 50 lots. A maximum of 200 open positions are allowed and spreads are from 1 pip. As with the other accounts there are no commission charges and hedging, scalping and expert advisors are allowed.

We should also mention, because it does appear as a note at the bottom of the accounts page, slippage may occur, even though spreads are fixed. But this is only likely to happen during low-liquidity periods such as major economic events and news releases. There is also a forex virtual trading account available that will be credited with $10,000 in virtual cash. This is a great way to experience some of what firewoodfx has to offer, as well as practice your strategy.

Firewoodfx is currently running a trading reward bonus promotion

The more you trade and deposit the more bonus you’ll receive. You can earn $10 credit for each standard lot, or 10 micro lots that are closed within 30 days from making your first deposit. The credit bonus will be available to use as additional margin and equity. Certain terms and conditions apply to this bonus and you’d be advised to read them carefully before accepting this offer. There is also a 20% deposit bonus when you first open an account and make a deposit. Your deposit will have to be $100 or more. If you deposit $500 you’ll be able to hold a losing position up to $600. There are also rules relating to this promotions that’ll you’ll need to read and comply with.

The trading platform used by firewoodfx is metatrader 4

Metatrader 4, or MT4 as it is more commonly known, is the main trading platform offered by firewoodfx. Why was it chosen? Possibly because it’s still the most popular and best trading platform around. It offers users the choice of 50 different indicators and a full charting package. It’s compatible with microsoft windows and uses the MQL4 proprietary scripting language. Thereby allowing traders to use their own expert advisors to automate the trading process. Firewoodfx appreciates the popularity of traders using mobile devices and there are mobile versions of the software available for those using devices running on ios or android systems. There’s also a metatrader 4 web platform that features a history of trading operations, full set of trading orders, 9 timeframes and graphical objects. It’s also possible to manage multiple MT4 accounts using a single terminal with MT4 multi terminal. There are a number of managed account options including PAMM. Forexcopy and zulutrade. Social trading has become very popular and you don’t need to miss out with firewoodfx.

Firewoodfx takes care of their clients with information and good customer support

With a minimum deposit requirement of just $5 it’s obvious that firewoodfx is going to attract traders who are complete novices. There is a small amount of useful information available to help this type of customer out. There’s a forex glossary, market news, margin calculator as well as an explanation of what forex is and why you might want to adopt this type of investment. But this isn’t necessarily a negative feature as there are a ton of places you can go to for your forex education. If you need to get in touch with customer support you can do it by email, telephone or via the live chat option. Three choices we would prefer to see at every online brokerage firm. Before we finish our firewoodfx review, let us just remind you that this broker is unregulated. At least as far as we can tell. Yes, it is registered in st vincent and the grenadines, but this offers very little protection. Particularly for those of you who are just starting out on your forex trading journey.
Have a look at our top rated forex brokers in your country:

Firewoodfx review

Firewoodfx is an unregulated forex broker located offshore that offers traders around the globe a very limited product range for trading online via the metatrader 4 platforms for desktop, web and mobile devices. The broker has a variety of account types and funding options but no educational resources or standalone trading tools to assist traders.

Firewoodfx review, pros & cons

Easy to use metatrader 4 platform

Fixed spread accounts

Variety of account funding methods

Minimum $10 deposit

No US clients

No regulation

Very limited product range

No educational materials

No standalone trading tools

Limited account currency options

In this detailed firewoodfx review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Firewoodfx is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including firewoodfx.

Firewoodfx review: summary

Firewoodfx is a forex broker based out of saint vincent and the grenadines that offers online trading to clients all over the globe. They provide forex trading platforms for desktop, web and mobile devices running on ios and android. The brokers trading servers and infrastructure are hosted in the equinix NY4 datacenter which is a state-of-the-art financial hub popular amongst online brokerages.

Founded in 2014 by a group of forex trader professionals, the brokers goal is to provide the best forex trading experience to traders. They have won a few awards including the best STP broker 2019 (european CEO awards 2019), best forex trading platform asia 2019 (international business magazine), best STP broker 2018 (european CEO awards 2018), best STP broker in south east asia 2017 (global banking and finance), fastest growing new STP broker asia 2016 (global banking and finance), best new STP broker south east asia 2014 (global banking and finance).

Firewoodfx review: online brokerage awards

Firewoodfx review: regulation

Firewoodfx is a brand owned by firewood global ltd. A company registered in st vincent and the grenadines with registration number: 22160 IBC 2014. Unfortunately, they are an unregulated broker which is a red flag for us. Most professionals would only ever trade with a regulated broker as they can give investors more protection if something was to go wrong. You can see a list of our best trading brokers for regulated alternatives.

Firewoodfx review: countries

Firewoodfx accept clients from most countries although they do not accept clients from the united states of america. Some firewoodfx broker features and products mentioned within this firewoodfx review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Firewoodfx review: trading platforms

Firewoodfx offer trading anywhere anytime with the popular metatrader platforms for desktop, web and mobile devices (ios & android).

Metatrader 4 desktop platform

Firewoodfx review: metatrader 4 desktop platform

Metatrader 4 offers some of the leading trading and analytical technologies, as well as additional services. It has everything most traders will need for forex trading online. With 50+ built-in indicators and charting tools, multi-language interface, and ability to auto trade your strategies using MQL4 expert advisors (eas). Metatrader 4 also supports copy-trading signal service from metaquotes, the russian company who developed the metatrader platform.

Metatrader 4 mobile platform

Firewoodfx review: metatrader 4 mobile platform

Traders using the metatrader 4 mobile platform can enjoy the powerful functionality for trading forex anytime and anywhere in the world. The entire selection of analytics and trading options are built into the MT4 mobile application. You will find all types of trading orders, 50+ technical analysis tools, convenient chat with other traders, audio and push notifications in your mobile device for continuous trading, wherever you are. The MT4 app is available to download from the relevant app stores.

Metatrader 4 web platform

Firewoodfx review: metatrader 4 web platform

The metatrader 4 web platform allows you to trade forex from any browser and operating system (windows, mac, linux) with no additional software downloads or installations required. All you need is internet connection to access your broker account and start trading in just a couple of clicks. The metatrader 4 web platform features history of trading operations, graphical objects, full set of trading orders, 9 timeframes and more.

Metatrader 4 multi terminal

Firewoodfx review: metatrader 4 multi terminal

The MT4 multi terminal enables users to manage multiple metatrader 4 accounts using a single terminal. Professional traders and money managers can open, manage and close orders in multiple accounts simultaneously, using various trade size allocation methods. Traders are also able to view live market prices and monitor all account balances and equity in real-time. The program interface is very similar to the metatrader 4 client terminal, so any trader who is already familiar with MT4 should easily be able to use the multi terminal program.

Firewoodfx review: trading tools

All of trading tools (apart from a very basic margin calculator) are included in the metatrader platforms. These tools are most likely to be sufficient enough for the average retail forex trader but professional traders may have found some additional standalone tools beneficial.

Firewoodfx review: education

The broker has a forex glossary that includes some of the most popular FX terminologies along with explanations of each. The website has a forex market news section with technical and fundamental analysis of the latest market happenings. There is also a very basic margin calculator and simple explanation of the forex market. We find the educational materials to be significantly lacking and would have preferred some tutorial videos and trading guides to help traders increase their knowledge of trading online.

Firewoodfx review: trading instruments

Firewoodfx have a very limited range of trading instruments. There is a modest selection of forex currency pairs including minor, major and exotic currency crosses. In addition to this, they offer gold and silver cfds. Most online brokerages offer hundreds of instruments covering a range of markets such as stocks, commodities, cryptos, etc.

Forex currency pairs

Gold & silver

Firewoodfx review: trading accounts & fees

Firewoodfx review: broker account types

Firewood have a selection of different account types to cater to different trader needs. There are self-managed accounts for those who like to trade by themselves using their own manual or automated trading strategies. They also offer copy trading accounts and a PAMM service.

The broker has fixed spreads from 1 pip for major FX currency pairs and charges no commission. This does mean that spreads are marked up and likely to be higher than they would be at an ECN broker the majority of the time. Although the spreads are fixed, during low-liquidity period (example: news releases, major economic events, asia session, etc), slippage may occur. Having open positions and pending orders (stop/limit orders,SL/TP) during scheduled economic events are discouraged by the broker.

Leverage of up to 1:1000 is available whilst the minimum trade size is 1000 (0.01) units for forex. Firewoodfx provides 3 account types with 2 options of pricing format:

Micro account

3 pips fix spread on EURUSD and USDJPY

4 pips fix spread on GBPUSD and AUDUSD

01 lot (100 units) min. Trade size (1 cent per pip)

200 lots (2000k units) maximum trade size

$10 minimum deposit

Available in 4-digits pricing format

Standard account

2 pips fix spread on EURUSD and USDJPY

3 pips fix spread on GBPUSD and AUDUSD

01 lot (1000 units) minimum trade size

30 lots (3000k units) maximum trade size

$10 minimum deposit

Available in 4-digits and 5-digits pricing format

Premium account

1 pips fix spread on EURUSD and USDJPY

2 pips fix spread on GBPUSD and AUDUSD

1 lot (10000 units) minimum trade size

50 lots (5000k units) maximum trade size

$100 minimum deposit

Available in 4-digits and 5-digits pricing format

Firewoodfx state that they have no trade restrictions. They welcome expert advisors, news trading strategies, scalping and hedging.

PAMM accounts

The firewoodfx PAMM (percent allocation management module) accounts are a solution for professional fund managers and investors. PAMM is a service that allows traders to manage funds of many investors on a single trading account. The PAMM manager can offer his trading portfolio in the firewoodfx PAMM service, while investors can choose and diversify various portfolios. Any profits are shared and fees processed automatically. It should be noted that there are no guarantees that a PAMM account will be profitable and you should have a clear understanding of the risks involved with trading online.

Forex copy technology

This is a useful tool for both private fund managers and investors. With the forex copy tool, the manager and investor can come to a mutual agreement with specific terms and conditions. Once the mutual agreement achieved, the forex copy will bridge the manager’s trades into investor’s account.

Demo accounts

Firewoodfx have free forex demo trading accounts with $10,000 in virtual trading funds. These accounts can be a good way to familiarise yourself with the trading platforms and also to practice your trading strategies.

As broker fees can vary and change, there may be additional fees that are not listed in this firewoodfx review. It is imperative to ensure that you check and understand all of the latest information before you open a firewoodfx broker account for online trading.

Firewoodfx review: customer service

Firewoodfx provide customer support via online chat, telephone and email.

Firewoodfx review: deposit & withdrawal

At firewoodfx, making deposits is simple and straight forward and most methods are instantly processed. Requesting withdrawals is also simple, they process withdrawals up to 24-hours after the request is confirmed. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. The broker states that they are constantly striving to offer even more deposit and withdrawal options and to make the process even easier.

Firewoodfx have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as neteller, skrill, perfect money, OKPAY, fasapay and unionpay. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Firewoodfx strictly do not accept third-party payments. All funds deposited into your trading account must be under the same name as your firewoodfx trading account.

Accounts can be opened in USD. It would be beneficial if there were different currency options as currency conversion fees do not apply when using an account in your own currency.

Firewoodfx review: trading account funding

Firewoodfx review: account opening

It only takes a few minutes to apply for a trading account with firewoodfx and it is a completely online process. Simply fill in the form provided on the brokers website by providing your personal information and answering a few questions.

Firewoodfx review: broker application

Firewoodfx review: conclusion

Firewoodfx is an unregulated offshore forex broker with a limited range of tradeable assets. They do offer the user friendly and powerful metatrader 4 platform that is flexible across multiple devices. There are a variety of account types including fixed spread accounts that may attract traders with certain trading strategies. They also have multiple account funding options. The educational resources are distinctly lacking as are additional trading tools to assist traders. However, the lack of regulation alone if the primary reason we would look for another online broker.

Firewood fx

Metatrader 4

Kenyamanan trading di platform unggulan

Firewoodfx menyediakan platform trading metatrader 4 yang banyak difavoritkan oleh trader forex seluruh dunia. Dilengkapi dengan lebih dari 50 indikator built-in, tool-tool analisa, interface multi-bahasa, dan fitur auto-trading dengan MQL4, tak heran bila MT4 dijuluki sebagai platform trading terbaik di masa kini. Tak hanya itu, MT4 ini juga mendukung layanan sinyal copy trading dari metaquotes.

Untuk mengoptimalkan layanan trading yang bisa diakses kapan saja dan dimana saja, firewoodfx menyuguhkan MT4 versi desktop (PC), mobile (iphone/ipad dan android), dan webtrader.

Panduan cara download metatrader 4

Berikut ini langkah download metatrader 4

Webtrader MT4 tersedia untuk mempermudah trader yang ingin memantau chart trading dengan lebih mudah dan efisien. Dengan fasilitas ini, anda tak perlu menginstal aplikasi apapun di PC atau mobile, karena platform bisa dibuka langsung melalui internet browser.

Fitur-fitur webtrader MT4 sudah dilengkapi dengan:

History operasional trading

Tool analisa teknikal

Set lengkap order trading

9 jenis timeframe

webtrader MT4 bisa diakses langsung dengan mengklik tombol berikut ini:

Setelah halaman webtrader terbuka, silahkan masukkan nomor login, password, dan jenis server sesuai data login trading anda. Jika belum memiliki data login, anda bisa mendaftar akun trading dulu di sini.

Disclaimer

Firewoodfx.Trade adalah IB dan partner dari firewoodfx, bukan merupakan bagian dari perusahaan broker firewoodfx. Kami memberikan informasi dan panduan membuka akun serta pendanaan agar trader dapat bertransaksi online di pasar forex. Kami juga menyediakan layanan informasi tentang kemudahan trading di firewoodfx dan membagikan rebate dengan perhitungan terbaik, khusus untuk para klien yang membuka akun di bawah afiliasi kami.

Trading valuta asing atau forex, komoditi (emas) dan sejenisnya mempunyai tingkat keuntungan dan resiko yang relatif tinggi. Trader tidak boleh mengabaikan segala kemungkinan atas keuntungan dan resiko yang dapat terjadi. Ada kemungkinan trader akan kehilangan sebagian atau seluruh investasi awal, oleh karena itu, trader tidak perlu menginvestasikan dana yang tidak mampu ditanggung jika terjadi kehilangan dana tersebut.

Firewoodfx review

Founded in 2014 and located offshore, firewoodfx is an online trading broker that offers forex, gold, and silver for trading online via the metatrader 4 platforms. The broker’s trading servers and infrastructure are hosted in the equinix NY4 datacenter, which is a state-of-the-art financial hub that is popular amongst online brokerages.

Firewoodfx review – online brokerage awards

Firewoodfx has won several industry awards in honor of their excellent brokerage services. These include the ‘best STP broker’ 2019 at the european CEO awards, ‘best forex trading platform asia’ 2019 by the international business magazine, and much more.

Firewoodfx review introduction

In this firewoodfx review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including firewoodfx.

Firewoodfx platforms & tools

The broker provides traders with the metatrader 4 trading platform, which has over 50 built-in indicators and charting tools, multi-language interface, and ability to auto-trade your strategies using MQL4 expert advisors (eas). The metatrader 4 trading platform is available in the following versions:

Metatrader 4 desktop platform

Downloadable and installable application for windows and mac computers. It has the full features of the platform.

Firewoodfx review – metatrader 4 desktop platform

Metatrader 4 mobile platform

This platform is compatible with ios and android devices and can be downloaded from respective app stores. It allows traders to enjoy the powerful functionality for trading forex anytime and anywhere in the world.

Firewoodfx review – metatrader 4 mobile platform

Metatrader 4 web platform

It features a history of trading operations, graphical objects, the full set of trading orders, 9 timeframes, and more. It gives traders access to trade forex from any browser and operating system (windows, mac, linux) with no need to download and install any additional software.

Firewoodfx review – metatrader 4 web platform

Metatrader 4 multiterminal

It enables traders to manage multiple metatrader 4 accounts using a single terminal.

Firewoodfx review – metatrader 4 multi terminal

Firewoodfx research & education

The broker provides traders with some essential educational materials, such as forex market news and basic margin calculators and simple explanation of the forex market. There is also a forex glossary that includes some of the most common FX terminologies, along with detailed explanations of each.

Firewoodfx trading accounts

Firewoodfx offers a selection of different account types to cater to different traders’ needs. They include micro, standard, and premium accounts. They also offer copy trading accounts and PAMM service.

The broker has fixed spreads starting from 1pip for major FX currency pairs and charges no commission on trades. Leverage of up to 1:1000 is available, while the minimum trade size is 0.01 lots.

Demo accounts with $10,000 in virtual funds are also available for traders to get familiar with the trading platforms and also to practice their trading strategies.

Firewoodfx account funding

Firewoodfx has a variety of convenient methods for depositing and withdrawing funds from your trading account. They include bank wire, credit/debit cards, and online payment systems, such as neteller, skrill, perfectmoney, OKPAY, fasapay, and unionpay. The transaction limits, fees, and processing time may vary with the payment method used.

Firewoodfx customer service

The broker provides customer support via online chat, telephone, and email.

Firewoodfx regulation

Firewoodfx is a brand owned by financial global ltd, which is a company registered in saint vincent and the grenadines with registration number: 22160 IBC 2014. However, there is no regulatory information on the broker’s website.

Firewoodfx review summary

Overall, firewoodfx is an offshore forex broker with a small range of tradable assets. They provide clients with the full spectrum of the user-friendly and powerful metatrader 4 platform, along with a variety of account types.

It is worth mentioning that some of the trading products and services in this firewoodfx review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the firewoodfx broker website which you can visit by using the link below.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Firewoodfx

Spreads

Liquidity

Commissions

Support

Regulation

Features

The full spectrum of the metatrader 4 platforms

Multiple account funding options

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