Item: FirewoodFX
Rating: 2.22

Account Information

Updated： 2025-04-14

Benchmark

C

Currency

--

Maximum Leverage

1:1000

SupportedEA

Minimum Deposit

USD 200

Minimum Spread

from 0

Depositing Method

(10+) Neteller Skrill

Withdrawal Method

(10+) Skrill PerfectMoney Neteller

Minimum Position

0.01

Commission

$7/lot

Products

--

Products

--

Related Software

Full License MT4

2

MT4 Servers

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MT5 Servers

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Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4

Perfect

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Benchmark

Average transaction speed(ms)

576.6

The highest transaction speed(ms)

390 Poor

The highest speed of opening positions(ms)

407 Poor

The highest speed of closing position(ms)

390

The lowest speed of opening positions(ms)

1405 Good

The lowest speed of closing position(ms)

1498 Good

12.28USD/Lot Great

36.07USD/Lot Good

Long: -10USD/Lot Short: 1.02USD/Lot Poor

Long: -35.71USD/Lot Short: -11.28USD/Lot Poor

Average slippage

0.3

Maximum transaction slippage

19

Maximum positive slippage

1 Poor

Maximum negative slippage

19 Good

Average disconnection frequency (times/day)

0.3 Perfect

Average reconnection time (millisecond/per request)

9.2

Ranking： 97 / 125

Test user 142

Orders 1,147

Ocuppied margin $261,169 USD

Data Source

WikiFX Data provide

Updated： 2025-04-11 01:00:00

Sources

Language

Mkt. Analysis

Creatives

Website

fwfxindonesia.com

Server Location

United States
Most visited countries/areas

--
Website Domain Name

fwfxindonesia.com
ICP registration

--
Website

--
Company

--
Domain Effective Date

--
Server IP

172.67.157.247
firewoodfxasia.com

Server Location

United States
Most visited countries/areas

--
Website Domain Name

firewoodfxasia.com
ICP registration

--
Website

--
Company

--
Domain Effective Date

--
Server IP

104.21.39.220
fwfxidn.net

Server Location

United States
Most visited countries/areas

--
Website Domain Name

fwfxidn.net
ICP registration

--
Website

--
Company

--
Domain Effective Date

--
Server IP

172.67.195.195

Company Summary

Firewood FX Review Summary
Founded	2014
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Unregulated
Market Instruments	Forex, Gold, Cryptos, Oil, etc.
Demo Account	✅
Leverage	Up to 1:3000
Spread	From 2 pips (Standard account)
Trading Platform	MT4
Min Deposit	$10
Customer Support	Live chat, contact form
	Tel: +442036083558
	Email: support@firewoodfx.com
	Address: Suite 305, Griffith Corporate Centre, Beachmont. St. Vincent and the Grenadines
Regional Restrictions	The 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 Cons

Pros	Cons
Various trading options	Unregulated
Demo accounts	Regional 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!

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 Type	Min Deposit	Max Trade Size	Min Trade Size
Cent	$10	100 cent lot (100,000)	0.01 cent lot (1,000)
Micro		200 micro lot (200,000)	0.01 micro lot (100)
Standard		30 lot (3,000,000)	0.01 lot (1,000)
Premium		50 lot (3,000,000)
ECN	$200	50 lot (3,000,000)

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 Type	Max Leverage
Cent	1:3000
Micro	1:1000
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 Type	Spread	Commission
Cent	Floating from 1 pip	❌
Micro	Fixing from 3 pips	❌
Standard	Fixing from 2 pips	❌
Premium	Floating from 0.3 pip	❌
ECN	Floating from 0 pips	$7/lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, PC, Mac, mobile and tablet	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

Payment Options	Accepted Currencies	Min Deposit	Fees	Processing Time
Bank Transfer	USD	$100	Bank fees may apply	24 hours
QRIS	IDR	IDR 100,000	❌	Few minutes
Internet Banking (Indonesian Local Bank)		$10
Virtual Account (E-Wallet)		$10
USD Tether TRC20/BEP20	USTD	$1
USD Coin BEP20	USTD
IDRX BEP20	IDRX
Credit Card	USD	$50	$0.5+ 5%	Instant deposit
Perfect Money	USD	$1	❌
Fasapay	USD, IDR	$1
Thai QR Payment	THB	$10		Few minutes

Keywords

5-10 years
Suspicious Regulatory License
MT4 Full License
Global Business
High potential risk

Disclosure

Danger

Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites

Country/Region

ID BAPPEBTI

Disclosure time

2022-02-02

Disclose broker

More

Danger

Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites

Country/Region

ID BAPPEBTI

Disclosure time

2022-02-02

Disclose broker

More

News

Exposure Checkout the Review of FirewoodFX

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.

2025-02-20 17:44

News FirewoodFX: Claim Your $20 Free Welcome Bonus for Trading

FirewoodFX, a well-known broker in the forex market, has recently launched an exciting new campaign: a $20 free welcome bonus for new and existing traders. This initiative is designed to help traders enhance their skills and strategies while gaining valuable trading experience.

2024-07-07 08:30

Comment 4

All(4) Latest Positive(2) Neutral(1) Exposure(1)

Juan1332

1-2 years

Indonesia

Exposure

There are many irregularities with this broker

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.

2024-04-03

Randem

6-10 years

Australia

Neutral

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

2024-08-06

FX1167949839

6-10 years

United Kingdom

Positive

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.

2022-12-13

重新戒烟

6-10 years

Taiwan

Positive

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.

2022-12-09

No more

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Company Summary

Pros and Cons

Is FirewoodFX Legit?

What Can I Trade on FirewoodFX?

Account Type

Leverage

Spread and Commission

Trading Platform

Deposit and Withdrawal

Keywords

Disclosure

News

Comment 4

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