FirewoodFX Review 2021

FirewoodFX Review 2021
January 2021

231

Position
in rating

Trading terminals:

MetaTrader4 Mobile
231

Position in rating

2.43/10
Overall rating

Trading terminals:

MetaTrader4 Mobile

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of FirewoodFX Trading Company

FirewoodFX is a brand name owned by Firewood Global Ltd. Firewood Global Ltd. is duly registered in St. Vincent and The Grenadines with reg. no. 22160 IBC 2014. FirewoodFX offers its services worldwide. FirewoodFX was initially launched by a team of experts in the sphere of Forex trading. FirewoodFX team has a vast experience in the financial field. Therefore they are skilled enough and eager to provide some premium trading experience for traders and investors globally. FirewoodFX offers an STP model of trades execution combined with 4-digits pricing and fixed spread to ensure the most friendly trading conditions.

💰 Account currency: USD
🚀 Minimum deposit: 10 USD
⚖️ Leverage: 1:1000
💱 Spread: from 1 p
🔧 Instruments: Forex, Cryptocurrencies, Indicies, Commodities, Share CFDs, ETFs.
💹 Margin call/Stop Out: Stop Out – 20%
Attention!

We work exclusively with the accounts opened through Traders Union.

FirewoodFX reviews and rating of the company

0
3
0

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of FirewoodFX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Didn't like working with FirewoodFX. inconvenient software, constant transfers between portfolios take a lot of time. everything seems to work, but not fast and takes a lot of time to learn the software itself.

The system crashed and the 52 usd trade was not credited. Correspondence with Firewood FX employees has not yet led to anything, I feel like I am communicating with myself. Only one solution looms - to leave this situation alone and put the balance on the deposit for withdrawal, because I'm almost sure that no one will count the subsequent deals here, but they will look for a reason to throw

The trial $ 20 is over. I cannot name the trading system through firewood fx otherwise. Also a casino - lucky, unlucky. I was unlucky along the way, once in two micro lot trades I lost my trial deposit. I do not think that there is a reason to enter with large amounts if it is impossible to keep small ones

Analysis of the Main Features of the Forex Broker

2.43

Overall rating

2.22

/10

Execution of orders

2.64

/10

Investment instruments

2.28

/10

Withdrawal speed

2.58

/10

Customer Support work

2.06

/10

Variety of instruments

2.8

/10

Trading platform

Dynamics of the Popularity of FirewoodFX
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Trading Conditions for FirewoodFX Users

💻 Trading platform: MetaTrader 4, Mobile, web platform
📊 Accounts: Micro, Standard, Premium
💰 Account currency: USD
💵 Replenishment/Withdrawal: Bank Transfer, USD Tether, Credit Card, Unionpay, Neteller, Skrill, Vietnam Exchanger, FasaPay, PerfectMoney
🚀 Minimum deposit: 10 USD
⚖️ Leverage: 1:1000
💼 PAMM-accounts: Yes
📈️ Min Order: 0.01 lot
💱 Spread: from 1 p
🔧 Instruments: Forex, Cryptocurrencies, Indicies, Commodities, Share CFDs, ETFs.
💹 Margin call/Stop Out: Stop Out – 20%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market execution, Instant execution
⭐ Trading features: No
🎁 Contests and bonuses: 20% Deposit Bonus

Comparison of FirewoodFX with other Brokers

FirewoodFX FxPro XM Group Admiral Markets UK AvaTrade eToro
Trading
platform
No MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MobileTrading, WebTrader
Min deposit No $100 $5 $200 $100 $200
Leverage No From 1:1
to 1:200
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:2
to 1:30
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread No From 1 point From 1 point From 0 points From 0 points From 2 points
Level of margin call
/ stop out
No 50%  /  50% 100%  /  50% 100%  /  30% 25%  /  10% No
Execution of orders No Market Execution, Instant Execution Market Execution Market Execution Instant Execution Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes No

Broker comparison table of trading instruments

FirewoodFX FxPro XM Group Admiral Markets UK AvaTrade eToro
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No No No Yes No Yes
Options No Yes No No No Yes

Contacts

Registration address Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines.
Official site
Contacts

Tags:

FirewoodFX

The Oldest Reviews of the FirewoodFX

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of FirewoodFX published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

The trial $ 20 is over. I cannot name the trading system through firewood fx otherwise. Also a casino - lucky, unlucky. I was unlucky along the way, once in two micro lot trades I lost my trial deposit. I do not think that there is a reason to enter with large amounts if it is impossible to keep small ones

The system crashed and the 52 usd trade was not credited. Correspondence with Firewood FX employees has not yet led to anything, I feel like I am communicating with myself. Only one solution looms - to leave this situation alone and put the balance on the deposit for withdrawal, because I'm almost sure that no one will count the subsequent deals here, but they will look for a reason to throw

Didn't like working with FirewoodFX. inconvenient software, constant transfers between portfolios take a lot of time. everything seems to work, but not fast and takes a lot of time to learn the software itself.

Articles that may help you

Top 5 US Forex Brokers in 2021
For Beginners
Top 5 US Forex Brokers in 2021
Jack Moore - January 2021
What is Forex Trading? Your Guide to Start Earning
For Beginners
What is Forex Trading? Your Guide to Start Earning
John Mayer - February 2021
Best European Forex Brokers in 2021
For Beginners
Best European Forex Brokers in 2021
John Mayer - January 2021
Benefits of Working with the Traders Union
For Beginners
Benefits of Working with the Traders Union
Alexey Vrask - February 2021
5 Tips for Forex Trading Success
For Beginners
5 Tips for Forex Trading Success
Samuel Adamson - January 2021
How to Invest in Forex? A Beginner's Guide
For Beginners
How to Invest in Forex? A Beginner's Guide
Grant Adlington - February 2021
How to Open a Forex Demo Account for Free?
For Beginners
How to Open a Forex Demo Account for Free?
Grant Adlington - January 2021
How Much Does the Average Day Trader Make?
For Beginners
How Much Does the Average Day Trader Make?
David Butler - February 2021
Step-by-Step Guide on How to Open a Forex Account
For Beginners
Step-by-Step Guide on How to Open a Forex Account
John Mayer - February 2021
How Much Can You Make Trading in Forex in 2021?
For Beginners
How Much Can You Make Trading in Forex in 2021?
Jack Moore - February 2021
Forex Risks Investors Should Consider
For Beginners
Forex Risks Investors Should Consider
Daniel White - February 2021
Forex License Types - Best Forex Regulators
For Beginners
Forex License Types - Best Forex Regulators
Jack Moore - February 2021
Why Trade Forex: The Pros and Cons of Forex Trading
For Beginners
Why Trade Forex: The Pros and Cons of Forex Trading
Grant Adlington - February 2021
Best Investment Brokers in 2021
For Beginners
Best Investment Brokers in 2021
Grant Adlington - February 2021
PAMM Account Brokers in Forex 2021
For Beginners
PAMM Account Brokers in Forex 2021
Flynn Simpson - February 2021

FAQs

Do reviews by traders influence the FirewoodFX rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FirewoodFX you need to go to the broker's profile.

How to leave a review about FirewoodFX on the Traders Union website?

To leave a review about FirewoodFX, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about FirewoodFX on a non-Traders Union client?

Anyone can leave feedback about FirewoodFX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with FirewoodFX through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.