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FirewoodFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.firewoodfx.com/register, about the company's legal and temporary regulatory information, the company's address Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines.

FirewoodFX Forex Broker

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FirewoodFX

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Firewood FX Review SummaryFounded2014Registered Country/RegionSaint Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex, Gold, Cryptos, Oil, etc.Demo Account✅LeverageUp to 1:3000SpreadFrom 2 pips (Standard account)Trading PlatformMT4Min Deposit$10Customer SupportLive chat, contact formTel: +442036083558Email: support@firewoodfx.comAddress: Suite 305, Griffith Corporate Centre, Beachmont. St. Vincent and the GrenadinesRegional RestrictionsThe United States, North Korea, Iraq, Iran, Saint Lucia and Saint Vincent and the Grenadines Based in Saint Vincent and the Grenadines, FirewoodFX is an unregulated forex broker that was established in 2014. FirewoodFX provides various financial products to trade via the MT4 platform, including Forex, Gold, Cryptos, Oil and more. Demo accounts are available and the minimum deposit requirement to open a live account is only $10.Pros and ConsProsConsVarious trading optionsUnregulatedDemo accountsRegional restrictionsCent account offeredMultiple account typesCommission-freefor most accountsLow minimum depositMultiple payment optionsLive chat supportIs FirewoodFX Legit? No, FirewoodFX is not regulated by any reputable financial body. Please be aware of the risk!What Can I Trade on FirewoodFX?Tradable Instruments Supported Forex✔Gold✔Cryptos✔Oil✔Indices❌Stocks❌Bonds❌Options❌ETFs❌Account Type FirewoodFX offers five accounts to choose from, including Cent, Micro,Standard, Premium and ECN accounts. Besides, it also sets up demo accounts for traders to practice trading with virtual credit. Islamic swap free accounts are available.Account TypeMin DepositMax Trade SizeMin Trade SizeCent$10100 cent lot (100,000)0.01 cent lot (1,000)Micro200 micro lot (200,000)0.01 micro lot (100)Standard30 lot (3,000,000)0.01 lot (1,000)Premium50 lot (3,000,000)ECN$200Leverage FirewoodFX provides leverage up to 1:3000 for Cent account and up to 1:1000 for other accounts. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Account TypeMax LeverageCent1:3000Micro1:1000StandardPremiumECNSpread and Commission FirewoodFX offers different spreads for different accounts. The broker charged $7/lot for ECN account and commission-free on other accounts.Account TypeSpreadCommissionCentFloating from 1 pip❌MicroFixing from 3 pips❌StandardFixing from 2 pips❌PremiumFloating from 0.3 pip❌ECNFloating from 0 pips$7/lotTrading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Web, PC, Mac, mobile and tabletBeginnersMT5❌/Experienced tradersDeposit and WithdrawalPayment OptionsAccepted CurrenciesMin Deposit Fees Processing TimeBank TransferUSD$100Bank fees may apply24 hoursQRISIDRIDR 100,000❌Few minutesInternet Banking (Indonesian Local Bank)$10Virtual Account (E-Wallet)USD Tether TRC20/BEP20USTD$1USD Coin BEP20IDRX BEP20IDRXCredit CardUSD$50$0.5+ 5%Instant depositPerfect Money$1❌FasapayUSD, IDRThai QR PaymentTHB$10Few minutes
How to login to FirewoodFX?

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Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
--
Company Name
Firewood Global Ltd
Abbreviation
FirewoodFX
Company employee
--
Customer Service Email Address
support@firewoodfx.com
Contact Number
+442036083558
Company Website
Company Address
Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines
How to login to FirewoodFX?
FirewoodFX Complete Account Guide: Registration, Account Opening, and Login Processes Navigating the world of online trading can be daunting, especially when it comes to understanding the registration, account opening, and login processes of a new platform. This comprehensive guide aims to simplify these processes for FirewoodFX, a popular online forex broker. Below, you will find detailed steps and insights to help you successfully register, open an account, and log in to your FirewoodFX account. Part One: Account Registration Process How to Register a FirewoodFX Account Registering for a FirewoodFX account is a straightforward process that can be completed in just a few steps. Heres how to do it: Accessing the Registration Page Visit the official FirewoodFX website. Look for the "Open Account" or "Sign Up" button prominently displayed on the homepage. Click this button to be directed to the registration form. Filling in Required Information Complete the registration form with your personal details. This typically includes your full name, email address (avoid using Yahoo), phone number (in international format), and country of residence. Ensure all information matches your identification documents to avoid verification issues. Email/Phone Verification After submitting your details, you will receive a verification code via email or SMS. Check your inbox (and spam folder) for this code. Enter the code in the designated field on the registration page to proceed. Identity Verification (if required) Depending on your region and the account type, FirewoodFX may require additional identity verification documents. This could include a government-issued ID and proof of address (e.g., utility bill). Follow the prompts to upload these documents if requested. Registration Confirmation Once your information is verified, youll receive a confirmation email indicating your registration was successful. This email will also provide your account credentials for future logins. Common Registration Issues and Solutions Verification Code Not Received: Ensure that you entered your email and phone number correctly. If you still dont receive the code, try resending it or check with your service provider. Document Rejection: If your identity documents are rejected, check to ensure they are clear and legible. Resubmit with a higher quality image if necessary. Regional Differences in Registration FirewoodFX does not accept clients from certain countries, including the USA, North Korea, Iran, and Iraq. Ensure your country is eligible before proceeding with the registration process. Part Two: FirewoodFX Account Opening Detailed Guide Understanding FirewoodFX Account Opening While registration is the initial step to create an account, account opening involves selecting the type of account you wish to trade with and providing any necessary documentation. Heres what you need to know: Preparation Work Before Account Opening Before opening an account, familiarize yourself with the different account types offered by FirewoodFX. This includes understanding the trading conditions, spreads, and minimum deposit requirements for each type. Detailed Account Opening Steps Selecting Account Type FirewoodFX offers several account types, including Cent, Micro, Standard, Premium, and ECN accounts. Choose the one that best fits your trading strategy and financial goals. Submitting Required Documents If you havent already submitted identity verification documents during registration, you will need to do so now. Ensure that all documents are current and clearly visible. Account Review Process After submitting your documents, FirewoodFX will review your application. This process can take anywhere from a few hours to a couple of days, depending on the volume of applications. Account Activation Once your account is approved, you will receive a confirmation email. This email will contain your account number and trading password. Initial Setup Log in to your FirewoodFX account using the credentials provided. You may want to customize your account settings, such as enabling two-factor authentication for added security. Frequently Asked Questions About Account Opening How long does the account opening process take? Typically, it can take a few hours to a couple of days for your account to be activated after submission. What documents are needed? A government-issued ID and proof of address are usually required. Next Steps After Opening an Account After successfully opening your account, the next steps involve depositing funds and downloading the trading platform (MetaTrader 4) to start trading. Part Three: FirewoodFX Login Process Explained Basic Web Login Process Logging into your FirewoodFX account is simple. Follow these steps: Visit the FirewoodFX Login Page Go to the official FirewoodFX website and locate the "Login" button, typically found at the top right corner of the homepage. Enter Your Credentials Input your account number and password in the designated fields. Click the Login Button Once your credentials are entered, click the "Login" button to access your account. Two-Factor Authentication (if enabled) If you have enabled two-factor authentication, you will need to enter the verification code sent to your registered email or phone number. Access Your Dashboard Upon successful login, you will be directed to your trading dashboard, where you can manage your account, view balances, and execute trades. Mobile App Login Process If you prefer trading on the go, you can also log into your FirewoodFX account using the mobile app: Open the FirewoodFX Mobile App Launch the app on your mobile device. Input Your Account Details Enter your account number and password. Authenticate (if applicable) Complete any additional authentication steps if you have enabled them. Access Your Account Tap "Login" to enter your account dashboard. Common Login Issues and Solutions Forgotten Password: If you forget your password, click the "Forgot Password" link on the login page to reset it via your registered email. Account Lockout: If your account is locked after multiple unsuccessful login attempts, contact FirewoodFX support for assistance in unlocking it. Technical Issues: Ensure that you are using an updated browser or app version. Clear your cache or reinstall the app if problems persist. Overview of Features After Login Once logged in, you can access various features, including account balance, trading history, deposit and withdrawal options, and market analysis tools. Additional Sections Account Security Recommendations To ensure your account remains secure: Use a strong, unique password. Enable two-factor authentication. Regularly update your password and monitor your account activity for any unauthorized access. Best Practices for Account Management Regularly review your trading strategies and performance. Keep track of your deposits and withdrawals. Utilize demo accounts to test new strategies without risking real money. How to Get Technical Support For any issues or questions, you can contact FirewoodFX support through: Email: support@firewoodfx.com Live chat available on the website Phone support during business hours This guide aims to provide a clear and concise overview of the FirewoodFX registration, account opening, and login processes. By following these steps, you can efficiently navigate the platform and begin your trading journey. Always remember to consider the risks involved in trading and ensure you fully understand the terms and conditions before proceeding.

FirewoodFX Forex Broker - Complete Information Guide

1. Broker Overview

FirewoodFX, established in 2014, is a global online forex broker owned by Firewood Global Ltd. The company is registered in Saint Vincent and the Grenadines, with its primary office located at Suite 305, Griffith Corporate Centre, Beachmont. Operating as a private entity, FirewoodFX primarily serves retail clients across various international markets, particularly focusing on Southeast Asia, where it has garnered a significant trader community.

Since its inception, FirewoodFX has aimed to provide a superior trading experience by implementing a Straight-Through Processing (STP) model that ensures efficient trade execution with competitive spreads. Over the years, the broker has achieved several milestones, including recognition as one of the best STP brokers in Asia and accolades for its trading platform. The company's business model is centered around retail forex trading, offering clients access to various financial instruments including currency pairs, commodities, and indices.

The FirewoodFX broker has continually evolved, introducing features like PAMM accounts and copy trading services to cater to the diverse needs of its clients. With a focus on enhancing client satisfaction, FirewoodFX strives to create a mutually beneficial relationship where increased trading volume translates to benefits for both the broker and its clients.

2. Regulatory and Compliance Information

FirewoodFX operates without a formal regulatory framework, which raises concerns regarding investor protection. The broker is registered under the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), but it does not hold a valid license from any recognized regulatory body. The registration number for Firewood Global Ltd. is 22160 IBC 2014.

Due to its unregulated status, FirewoodFX does not provide any guarantees for client funds, nor does it participate in any investor compensation schemes. This lack of oversight means that should any issues arise, clients may have limited recourse for recovering their investments.

The broker claims to adhere to anti-money laundering (AML) and know your customer (KYC) policies, though specific details on these measures are not readily available. Clients are encouraged to conduct due diligence and understand the risks associated with trading through an unregulated broker.

3. Trading Products and Services

FirewoodFX offers a variety of trading products, primarily focusing on forex trading. The broker provides access to over 30 currency pairs, including major, minor, and some exotic pairs. In addition to forex, clients can trade CFDs on commodities such as gold and silver, as well as indices. However, the range of available products is relatively limited compared to other brokers.

The trading services cater primarily to retail clients, with options for both beginner and experienced traders. Special products such as PAMM accounts and copy trading services are also available, allowing clients to invest alongside more experienced traders. FirewoodFX continually updates its offerings, although specific details about the frequency of new product introductions are not provided.

4. Trading Platforms and Technology

FirewoodFX exclusively utilizes the MetaTrader 4 (MT4) platform for trading. This platform is widely recognized for its user-friendly interface and comprehensive suite of trading tools. It is available in various formats, including desktop, web, and mobile applications for both iOS and Android devices.

The broker operates under an STP execution model, which facilitates direct access to liquidity providers, ensuring fast order execution. FirewoodFX's servers are hosted in a state-of-the-art financial facility, enhancing the overall trading experience. However, there is no mention of API access or proprietary trading platforms, as the focus remains solely on MT4.

5. Account Types and Trading Conditions

FirewoodFX offers several account types to accommodate different trading styles and preferences:

  • Cent Account: Minimum deposit of $10, with floating spreads starting from 1 pip.
  • Micro Account: Minimum deposit of $10, with fixed spreads starting from 3 pips.
  • Standard Account: Minimum deposit of $10, with fixed spreads starting from 2 pips.
  • Premium Account: Minimum deposit of $100, with floating spreads starting from 1 pip.
  • ECN Account: Minimum deposit of $200, with variable spreads starting from 0 pips and a commission of $7 per lot.

Leverage can reach up to 1:3000, allowing traders to control larger positions with a relatively small capital outlay. The minimum trading size is 0.01 lots, and overnight fees apply based on the account type. Each account type allows for scalping and hedging, catering to a wide range of trading strategies.

6. Fund Management

FirewoodFX supports various deposit and withdrawal methods, including:

  • Bank Transfers
  • Credit/Debit Cards
  • E-wallets (Neteller, Skrill, Perfect Money, Fasapay)
  • Cryptocurrencies (Tether, Binance Coin)

The minimum deposit requirement is $10 for most accounts, with the exception of the ECN account, which requires a minimum of $200. Deposits are processed quickly, typically within 24 hours, while withdrawals may take up to 48 hours depending on the method used.

FirewoodFX does not impose any deposit or withdrawal fees, making it relatively cost-effective for clients. However, clients should be aware of potential fees associated with specific payment methods, particularly credit card transactions.

7. Customer Support and Educational Resources

FirewoodFX provides customer support through various channels, including:

  • Email: support@firewoodfx.com
  • Phone: +442036083558
  • Live Chat: Available on their website

The support team primarily operates in English, with some resources available in Indonesian and Chinese. However, the lack of clear information regarding support hours raises questions about their availability.

In terms of educational resources, FirewoodFX offers a basic forex glossary and limited market analysis. There are no comprehensive educational tools such as webinars or tutorials, which may hinder the growth of novice traders.

8. Regional Coverage and Restrictions

FirewoodFX primarily serves clients from various countries, excluding those from the United States, North Korea, Iran, Iraq, Saint Lucia, and Saint Vincent and the Grenadines. This restriction is likely due to regulatory compliance issues. The broker has a notable presence in Southeast Asia, particularly in countries like Indonesia, where it has established a strong community of traders.

In summary, while FirewoodFX offers a range of trading products and services, its unregulated status poses significant risks for potential clients. Traders are advised to carefully consider these factors before engaging with the FirewoodFX broker.

Latest Reviews

Juan1332

Juan1332

Indonesia

1. There is a mysterious open position, and the open price doesn't have a candle in meta 2. The position symbol is active, but it doesn't appear on the market watch list so the EA I have doesn't continue the existing position 3. The minus floating value can suddenly increase by hundreds times, even though the open position remained the same and the time lag was not long (seconds) 4. Because I was desperate, all my accounts were cut... but when I cut loss and I did a wd, the meta balance was minus... 5. Everyone complained ignored and tend to avoid.

Exposure

2024-04-03

Randem

Randem

Australia

Minimum deposit is reasonable, but the platform's trading tools could be more advanced. Still, it gets the job done.

37130

2024-08-06

FX1167949839

FX1167949839

United Kingdom

It has been a whole month of trading here and I have to admit that I have enjoyed trading with this broker. The broker's pricing is fair and I have not seen any hidden commissions. The MT4 has always been a great trading platform.

Positive

2022-12-13

重新戒烟

重新戒烟

Taiwan

Ultra-low minimum deposit requirements are just amazing, yes, very friendly, making me feel confident to get started. Having been using demo accounts for two days, everything goes well. I cannot wait to try a real one.

Positive

2022-12-09

FirewoodFX

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Based in Saint Vincent and the Grenadines, FirewoodFX is an unregulated forex broker. FirewoodFX provides various financial products to trade via the MT4 platform, including Forex, gold, cryptos and oil.

FirewoodFX Forex Broker has an overall rating of 2.25, Regulatory Index 0.00, License Index 0.00, Business Index 7.69, Software Index 8.34 Risk Control Index 0.00.
FirewoodFX