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FirewoodFX review
FirewoodFX review: regulation (St Vincent and The Grenadines (Reg Number: 22160 IBC 2014)), minimum deposit 10, leverage up to 1:1000, platforms and…
Trading conditions
- Broker type
- STP
- Minimum deposit
- 10
- Maximum leverage
- 1:1000
- Minimum spread
- 1.0 pips
- Platforms
- Meta Trader 4
- Account currencies
- USD
Bonuses
- No deposit bonus
- No
- Welcome bonus
- Yes
- Other promotions
- Yes
Accounts and features
- Demo account
- Yes
- Islamic account
- Yes
- Swap-free
- Yes
- Mini account
- Yes
- VIP account
- Yes
- Managed account
- No
- Segregated funds
- Yes
- Hedging and scalping
- Yes
- News trading
- Yes
- Mobile trading
- Yes
- Web trading
- No
Deposits and withdrawals
- Deposit methods
- Wire Transfer, China Unionpay, Indonesia Exchanger, Thailand Exchanger, Perfect Money, OKPAY, Fasapay, Neteller, Skrill and Credit Card
- Withdrawal methods
- Wire Transfer, China Unionpay, Indonesia Exchanger, Thailand Exchanger, Perfect Money, OKPAY, Fasapay, Neteller, Skrill and Credit Card
Company
- Regulation
- St Vincent and The Grenadines (Reg Number: 22160 IBC 2014)
- Founded
- 2014
- Country
- SVG
- Address
- Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines.
- Website languages
- English, Chinese, Indonesian, Philippine, Thailand
- Phone
- +4233769291
- Email or Skype
- [email protected]
FirewoodFX pros and cons
Pros
- Regulated by St Vincent and The Grenadines (Reg Number: 22160 IBC 2014)
- Low minimum deposit: 10
- Scalping and hedging allowed
- Swap-free Islamic accounts available
- Free demo account
- Trading platforms: Meta Trader 4
Cons
- No no-deposit bonus at the moment
- Leverage up to 1:1000 magnifies losses as well as profits
- Conditions and bonuses can differ by regulated entity
FirewoodFX FAQ
Is FirewoodFX a safe and regulated broker?
FirewoodFX was founded in 2014 and is regulated by St Vincent and The Grenadines (Reg Number: 22160 IBC 2014). Client funds are held in segregated accounts. Your protection depends on which FirewoodFX entity opens your account.
What is the minimum deposit at FirewoodFX?
The minimum deposit at FirewoodFX is 10. Payment providers may set their own minimum amount.
What is the maximum leverage at FirewoodFX?
FirewoodFX offers leverage up to 1:1000. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.
Does FirewoodFX offer a no deposit bonus?
No. FirewoodFX does not currently offer a no deposit bonus. It offers a welcome promotion: Yes. See our forex no deposit bonus list for brokers that do.
Which trading platforms does FirewoodFX offer?
FirewoodFX supports Meta Trader 4. Mobile trading is available.
Does FirewoodFX allow scalping, hedging and news trading?
Yes. Scalping and hedging are allowed, and news trading is allowed.
Does FirewoodFX offer an Islamic (swap-free) account?
Yes. FirewoodFX offers swap-free Islamic accounts with no overnight swap charges.
Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.
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