FirewoodFX review: Regulations, Trading platforms, Broker features, and User ratings.

2.55 • 14 REVIEWS
Updated: Mar 2, 2024

What is FirewoodFX?

FirewoodFX is a forex broker with Metatrader 4 (MT4) as their sole trading platform in PC, Web, Mobile version. offers over 30 forex currency pairs, gold and silver for your personal investment and trading options.

Please read FirewoodFX Reviews below and share your living trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $10
Established: 2014
Address: Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent And Grenadines
Contact:, +442036083558
Regional offices:
Prohibited countries:
Trading platforms: MT4
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes

Trading Instruments

Currencies: (30+)
CFD: (2) Gold, Silver

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

PAMM: ✅ Yes
Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Local Exchangers, Neteller, PerfectMoney, Skrill, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Local Exchangers, Neteller,, PerfectMoney, Skrill
* Please check broker website for more information
2.55 • 14 REVIEWS

Recent User Reviews of FirewoodFX

West Sumatra, Indonesia,
Jan 16, 2024,
Registered user

Avoid FirewoodFX

Service use: Live Length of use: over 1 Year
Traded here for a year, with average loss every month, got MC and deposit more after a few days. Then after a few months I got a decent sca'ping strategy and start taking profit. After a successful withdrawal totaling $100 (out of a $1249 dollar balance) they rejected all and every withdrawal request.
Wtf, I deposited more than my balance from my loss learning to trade.
Now they claim a server side error and refunding all profit trades while keeping all losing trades. They manage to wipe out my account doing so. They place a -$1475 Trade Correction against my balance which result is -$326

They took your money no matter Win or Lose.
Indonesia, Indonesia,
Oct 26, 2023,
Registered user

Very Inconsistent Broker, Will take your money arbitrarily

Service use: Live Length of use: over 1 Year
I have used this broker for quite sometimes, and consistently losing money, for my bad habits and strategies.
But when I finally able to find a good strategy and make money, in the first week of my good trades the negates all the profit trades, but keeps the losing trades so all my deposits are gone.

Avoid this broker at all Cost.
1 trader has found this review helpful
punjab, Pakistan,
Sep 26, 2023,
Registered user

verification and withdrawal problems

Service use: Live Length of use: 0-3 Months
They are totally bull. They will say to you for bonus and from this they will earn and give you small money and when you are done they will not accept conditions and they say our verification team is like that. Guys, please don't make an account in this platform
1 trader has found this review helpful
algeria, Algeria,
Dec 20, 2021,
Registered user

scam stay away

Service use: Live Length of use: over 1 Year
firewoodfx will take your money with smart way they will charge you more spread pips and take your money and call it slippage
i traded with the on demo account everything works well
on real account when i open a trade at certent price they manipulate it and open it in different price and call it slippage
when i close a order lets say on +2$ (im certent) when i go to history i find it -2$ i tried it on so many orders same thing happens over and over again
when i contacted them they told me it is slippage and that i agreed about slippage when i sign up
whhhhhat everytime i open a order you open it in diffrent price when i close it you take 2 pips more and call it slippage are you crazy who will accept that?
if you dont believe me go try it
i can prove my claim
1 trader has found this review helpful
Jakarta, Indonesia,
Nov 21, 2019,

Happy to know FirewoodFX

Service use: Live Length of use: over 1 Year
Instan execution, broker still paid rebate although you trade with scalping methode (1 poin closed, i still get rebates). Instan deposit/ withdrawal with local exchanger and they have same rate of deposit/withdrawal.
2 traders have found this review helpful
Pretoria, South Africa,
May 12, 2019,
Registered user

No transparency

These guys should stop lying to people about 1:1000 leverage, when you register you are automatically put on 1:200 until they are satisfied about risk. They should write it on the website so that those who are looking for higher leverage should stay away from them.
1 trader has found this review helpful
Sinto Gendenk
Malang, Indonesia,
Jul 19, 2018,
Registered user

I think firewoodfx is nice broker. As an Indonesian trader and still learn about forex trading i needs trading specification likes fixspread, free swap and also fix rate for withdrawal deposit. service response is also good, from my experience when i withdrawal my profit it's does not take long time.
So thank's for firewoodfx keep u'r service about trading, keep it!
Tommy Suganda
Apr 10, 2018,

FirewoodFX to Indonesian Traders

FirewoodFX provides trading facilities that is quite imporessive. Simple registration requirements; you do not need to upload any documents, unless you want to claim promotional bonuses. For Indonesian traders, in particular, long deposit and withdrawal can be shortened due to deposit and withdrawal facilities via local exchangers. FirewoodFX's commitment to Indonesian traders is excellent, as seen from the fixed exchange rate of Rp 10,000 which applies special FirewoodFX to Indonesian traders. Determination of the exchange rate can benefit traders because no longer disadvantaged by the spread of the selling rate - the buying rate when making deposits and withdrawals. As well as the permissibility of various trading styles like hedging, scalping, and the use of trading robots, make FirewoodFX suitable for those who are just starting their trading career in the forex world. Better yet, the minimum deposit set is low, and clients can trade using leverage up to 1: 1000.
Ista Dani
Semarang, Indonesia,
Feb 2, 2017,

I can say, i am satisfied with their services , but they still a new one and have many room for improvement

FirewoodFX quite popular in my country, because we can find their IB's easily.
from trader point of view, their trading condition is quite good.never have any requotes or no connection tricks with this broker.
the negative aspect is when News , their spreads are more than their advertised..

Trade with them for 6 month and i do not have major problems, but i think they have a lot of room for improvement, because their WD , for me, tooks longer time than average brokers in Indonesia.
Dhaka, Bangladesh,
Dec 7, 2016,

Such a fraud broker I never been seen. Their customers services very bad. My complain with a e-mail, they did not reply.
1 trader has found this review helpful