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FirewoodFX reviews

Average: 4 based on 6 reviews

FirewoodFX Forex broker reviews

  • Website:
  • Year since: 2014
  • Headquarters: Kingstown, Saint Vincent and the Grenadines
  • Company registration: Firewood Global Ltd (reg. #22160 IBC 2014), Saint Vincent and the Grenadines
  • Regulation: not regulated

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Rating interpetation

Indonesia, Ista Dana

February 2, 2017

5 years live 1 year demo Total
8 months with this Broker

My review for FirewoodFX : even this broker is quite new, but they are quite popular in here. Indonesia. They have a lot of IB's, PAMM Traders, and Copy traders that advertised this broker indirectly.

I have no problem with this broker, even when news , FirewoodFX spreads are more than their advertised. but i think it is still fair because they already stated it in their website. They never ban my scalping strategy , no fishy tricks like no connections, and always paid my WD request with no questions

negative aspects from this broker , i think their manual withdrawal process that can took 24 -48 hours to complete. above average timeframe of any broker that do business in Indonesia. But i can live with that.

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July 11, 2016

9 years Total
Never with this Broker

This broker is another Pepperstone white label just like TitanFx. St. Vincent's and Grenadine shelf company, dodgy Indonesian bussiness, no bank facilities. Cmon Pepperstone you can do better than this !

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May 26, 2016

2 years live 0 months demo Total
3 months live with this Broker

When I am looking for a low spreads broker, I stumble upon Firewoodfx banner in a forex trader forum.
I click it, because I am interested with their marketing speech: "spreads starts from 1 pip fixed"

After I read their site, I decided to open premium account with them and deposit $400.

As an EURUSD scalper. I found my favorite playing ground. I can put tight stop losses (usually i put 5.0-7.0 pips SL with 10.0-15.0 pips TP).
And surprise, after evaluate my profit and loss for 6 weeks trading and withdraw nearly 115% from my equity, I never got any problems with my trading style. It does not like any other brokers, Firewood does not even complaining with my trading styles. The executions quality is always the same, and withdrawal always smooth.

I think , I found my dream broker. Will try to stay here , and maybe will try their PAMM feature next to multiply my earnings

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Ganza, Indonesia

May 10, 2016

4 years live Total
6months live with this Broker

what i can say , this broker is unique ,
when they online for 1st time, they were branding theirself with fix deposit rate and fix spreads
a uncommont tactis because no broker did that .
and today they have a loyal clients , in my country.

however my experience trade with them
Pros :
Good spreads , stats from 1 pip fixed in their premium account
fast staff rensponse, the most important thing when you choose a offshore broker
fast server with fast executions

Spread widening when news

however i saw they have good potential to be a famous broker in indonesia.
because of firewood, now people does not need to deposit based on USD-IDR exchange rate and have possibilty losing his money when USD weaken.
with fix deposit rate, at least that factor was elliminated

Tags: FirewoodFX reviews

St Vincent, FirewoodFX (Staff)

September 26, 2014

Be advised that during news event or gap, slippage will be possible. We are sure it is industry standard of any forex broker nowadays. However with the depth we have in our pool, we are sure our execution is still better compared than other.

If you want us to check your ticket, please inform your MT4 account and ticket to [email protected]

Thank you for using our service.

Tags: FirewoodFX reviews


July 24, 2014

2 Total
4days with this Broker

opened an account with them and my first trade got 24 pips slippage..am off

Tags: FirewoodFX reviews
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