⭐ FirewoodFX Journal
| Journal status: live FirewoodFX joined in | not yet |
FirewoodFX Profile
Website
Year
2014
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х Iran, Iraq, North Korea, SVG, Saint Lucia, US
Broker type
MM
Dealing book
B-book
Execution model
DD
Licensed as
Unlicensed
Operating as
Principal
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...
FirewoodFX Accounts
MM
Minimum Deposit
10 $
Leverage
3000 : 1
Minimum Lot
0.01 lots
EURUSD spread
1 pips
Commission
0 $/lotRT
Volume
20 lots
Margin Call
100 %
Stop Out
20 %
Execution
Instant
Spread
fixed
Scalping
yes
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Perfect Money, FasaPay, QRIS, Tether, Ethereum, USD Coin, Thai QR Payment, Ghana Local Transfer, Kenya Local Transfer, Nigeria Local Transfer, XOF
Base currency
USD
Segregated accounts
...
Interest on margin
no
Inactivity fee
after 3 months
| Update broker |
- Full listing profile: FirewoodFX broker profile
Is FirewoodFX safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: ...
- Guaranteed Stop Loss: no
- Negative Balance Protection: no
Is FirewoodFX trusted?
- Information transparency: sufficient
★★★ - Customer service: ...
- FirewoodFX website: highly detailed, updated
★★★★★ - FirewoodFX popularity (by visitor count): low visits
★★
HOW FIREWOODFX WORKS
📢 MARKETING FOCUS
Multi-Regulated
Tight spreads, start from 1 pip with fast execution
Up to 1:3000 Leverage
Withdrawals in minutes
https://www.firewoodfx.com/
Stop and Limit Levels: 2 Pips
Although the spreads are fixed, during low-liquidity period (Example: News releases, Major economic events, Asia Session, etc), slippage may occur. Having open positions and pending orders (Stop/Limit Orders,SL/TP) during scheduled economic event are discouraged.
https://www.firewoodfx.com/account-types
LEGAL FOCUS
1.3. The Agreement sets forth the relationship between the Client and the Company including but not limited to: orders’ execution, Client policies, payments and/or payouts, claims resolution, fraud prevention, communication and other aspects.
10.5. The Company at its sole discretion will specify the current market price.
10.6. Orders of all types shall not be placed closer than a stated number of points to the current price. The minimum distance in points from the current price may be varied with prior notice.
6.5. In case Stop Out leads to account balance becoming negative, Client must make deposit immediately to settle the negative amount.
22.8. Trading accounts with a balance of less than 100 USD and no trading or deposit activity for 90 consecutive days will be archived. Archived accounts cannot be restored, but any remaining balance can be transferred to the Client's associated wallet.
10.5. The Company at its sole discretion will specify the current market price.
10.6. Orders of all types shall not be placed closer than a stated number of points to the current price. The minimum distance in points from the current price may be varied with prior notice.
6.5. In case Stop Out leads to account balance becoming negative, Client must make deposit immediately to settle the negative amount.
22.8. Trading accounts with a balance of less than 100 USD and no trading or deposit activity for 90 consecutive days will be archived. Archived accounts cannot be restored, but any remaining balance can be transferred to the Client's associated wallet.
https://www.firewoodfx.com/legal-documents/customer-agreement
🎯 SUMMARY
FirewoodFX omits directly specifying in the Client Agreement the capacity in which it deals with clients.
FirewoodFX's policies and conditions align with Market Making dealing model.
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