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FirewoodFX-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-12-27 18:09

摘要: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.

Firewood FX Review Summary
Founded2014
Registered Country/RegionSaint Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex, Gold, Cryptos, Oil, etc.
Demo Account✅
LeverageUp to 1:3000
SpreadFrom 2 pips (Standard account)
Trading PlatformMT4
Min Deposit$10
Customer SupportLive chat, contact form
Tel: +442036083558
Email: support@firewoodfx.com
Address: Suite 305, Griffith Corporate Centre, Beachmont. St. Vincent and the Grenadines
Regional 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.

FirewoodFX's homepage

Pros and Cons

ProsCons
Various trading optionsUnregulated
Demo accountsRegional restrictions
Cent account offered
Multiple account types
Commission-freefor most accounts
Low minimum deposit
Multiple payment options
Live chat support

Is FirewoodFX Legit?

No, FirewoodFX is not regulated by any reputable financial body. Please be aware of the risk!

No license

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 Size
Cent$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$200
Account comparison

Leverage

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 Leverage
Cent1:3000
Micro1:1000
Standard
Premium
ECN

Spread and Commission

FirewoodFX offers different spreads for different accounts. The broker charged $7/lot for ECN account and commission-free on other accounts.

Account TypeSpreadCommission
CentFloating from 1 pip❌
MicroFixing from 3 pips❌
StandardFixing from 2 pips❌
PremiumFloating from 0.3 pip❌
ECNFloating from 0 pips$7/lot

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Web, PC, Mac, mobile and tabletBeginners
MT5❌/Experienced traders
MT4

Deposit and Withdrawal

Payment OptionsAccepted CurrenciesMin Deposit Fees Processing Time
Bank TransferUSD$100Bank fees may apply24 hours
QRISIDRIDR 100,000❌Few minutes
Internet Banking (Indonesian Local Bank)$10
Virtual Account (E-Wallet)
USD Tether TRC20/BEP20USTD$1
USD Coin BEP20
IDRX BEP20IDRX
Credit CardUSD$50$0.5+ 5%Instant deposit
Perfect Money$1❌
FasapayUSD, IDR
Thai QR PaymentTHB$10Few minutes
Deposit and Withdrawal
Broker

相关交易商

暂无监管
FirewoodFX
公司名称:Firewood Global Ltd
天眼评分
2.23
官方网址:http://www.firewoodfx.com/zh-hans/#
5-10年 | 监管牌照存疑 | 主标MT4 | 全球展业
天眼评分
2.23

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