We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website. Please bear in mind that all HYIPs and Autosurfs investments presuppose high risks.You’ve been warned about the hazards .We don’t incur a liability for the money you may lose on any site listing here. Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same. We work exclusively with the accounts opened through Traders Union. MetaTrader 4 offers the leading trading and analytical technologies, as well as additional services. Maximise your profit by trading using all strategies and techniques, manual or automatic, at FirewoodFX with Fast Execution, Fixed Spread, No-Swap, and various of account types.
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. 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. It requires low minimum deposits and offers average fixed spreads.
FirewoodFX Review – Online Brokerage AwardsFirewoodFX 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 accepts clients from all over the world, excluding USA. ™Forex Peace Army, ForexPeaceArmy, FPA, and the FPA Shield Logo are all trademarks of the Forex Peace Army. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. But after I tried them with $2500 deposit and withdrawed it back with small profits to test credibility and honesty of Firewoodfx, I am surprised my WD processed quite fast.
$5000 Trading Reward Bonus
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. As an Indonesian trader and still learn about forex trading i needs trading specification likes fixspread, free swap and also fix rate for withdrawal deposit. service response is also good, from my experience when i withdrawal my profit it’s does not take long time. 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.
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. 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.
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The broker only covers the forex and commodities markets – offering only a handful of currency pairs forex analytics and 2 metals . With these recognitions, we can say that FirewoodFX is an excellent STP broker.
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 just2trade review well as practice your strategy. FirewoodFX is an unregulated forex broker offering a very limited product range for trading online via the MT4 platforms for desktop, web & mobile.
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. Social trading has become very popular and you don’t need to miss out with FirewoodFX. 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.
Like all leveraged products, forex carries a high level of risk, and for this reason it can feel inaccessible to many potential traders. Its feature Forex Copy, for instance, demonstrates to beginners how more experienced traders have used the platform. FirewoodFX is a global online forex broker which provides forex trade in fixed spread 1 pip on 4 digits account. FirewoodFX is a legally registered forex broker located in Saint Vincent and the Grenadines. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion. Firewood Global Ltd. is duly registered in St. Vincent and The Grenadines with reg.
- In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.
- Any statements about profits or income, expressed or implied, do not represent a guarantee.
- Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.
- Your actual trading may result in losses as no trading system is guaranteed.
- No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
- You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways.
Firewood FX also encourages its users to email their complaints and questions to the brokerage firm so that they may be answered and users have no troubles going forward. Another option for customers to register their complaint is via phone. Its website is in English, Indonesian and Chinese so as to cater to its international market. https://traderoom.info/ Forex trading imposes a high level of risks and is not suited for all traders and investors. As much as trading on foreign exchange markets may be potentially profitable, it can also lead to significant losses. Ensure that you have enough trading experience, knowledge and full comprehension of potential risks involved.
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. 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. FirewoodFX offer trading anywhere anytime with the popular MetaTrader platforms for desktop, web and mobile devices (iOS & Android).
This compensation is not an endorsement or recommendation and TheForexGeek.com is not responsible for these websites. Whilst most of this websites data has been verified directly from external providers, it can occasionally vary. This website is not responsible for any incorrect or outdated information within any of its pages and you should confirm all data and information directly. You accept that the agreement can be changed at any time and that you must comply with any changes made to the agreement. Downloadable and installable application for Windows and Mac computers.
For Your Attention, all hyips involves with high risks, investment should be cautious. To leave a review about FirewoodFX, register on the Traders Union website or you can also leave a review through Facebook. FirewoodFX does not accept clients from the United States of America. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. But opting out of some of these cookies may have an effect on your browsing experience. This site provides unbiased reviews and may be compensated through third party advertisers.
Another reason for the popularity of MetaTrader 4 is its applications for smartphones. MetaTrader 4 has created apps for Windows Phone, iOS and Android devices, which enables traders to view real-time charts and data on the go and make fast transactions. Lastly, FirewoodFX’s customer service is largely email-based, with only one UK phone number listed online for the company’s head office in Saint Vincent and the Grenadines. Access your account at FirewoodFX Web Trading and start trading in just a couple of clicks.
Put your new knowledge to the test at HotForex and start trading smarter today. 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. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website.
Fortifying its regulatory affiliation will definitely be a plus to the broker to improve its trust rating among investors and potential clients. Moreover, the lack of transparency in terms of business information is another concern with FirewoodFX. More importantly, the safety of clients’ funds is also questionable as the broker has no claimed negative balance protection policy or compensation fund affiliation. However, the broker gives a 20% Deposit Bonus to cover negative balance. This website does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
Finmax Trading Platforms & Tools
You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.