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FirewoodFX Broker

FirewoodFX, founded in 2014, offers simple forex trading with competitive conditions and a user-friendly platform, catering to both beginners and experienced traders.

Updated: 14 April 2026

Overall Rating

4.2 / 5

Min Deposit

$10

Instruments

6

Regulation

SVG FSA

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About its history and mission

FirewoodFX was founded in 2014 and was created to provide simple trading solutions in forex. The company bases its trading conditions on clients that discern client's profit on the business. The broker competes heavily through its competitive trading service and includes a user-friendly platform for beginning and emerging traders.

Founded
2014
Headquarters
Address
Website

Strengths and Weaknesses

Strengths

  • Leverage up to 1:3000
  • Comprehensive platform selection, including MT4
  • Competitive pricing with transparent fee structures
  • Swap-free Islamic Accounts Available
  • 24/5 multilingual customer support

Weaknesses

  • No Compensation Fund or Civil Liability Insurance
  • Does not offer access to cryptocurrencies, individual stocks, or ETFs
  • Some withdrawal methods incur fees

Safety and Regulations

For now, FirewoodFX is an offshore broker that is not regulated by any of the top-notch financial authorities. Client fund-centric business since FirewoodFX highly describes safekeeping in a segregated account. Nevertheless, there are not any offerings surpassing the standard fees for financial protection by the company.

Regulators

  • SVG FSA

Instruments Available

ForexIndicesMetalsEnergyCFDsCryptocurrency

Types of Accounts

Cent

Minimum deposit
$0
Commission
1.0
Available tools
0
Leverage
1:1 to 1:3000
Margin call level
Stop-out level
20

Micro

Minimum deposit
$0
Commission
3.0
Available tools
0
Leverage
1:1 to 1:1000
Margin call level
Stop-out level
20

Standard

Minimum deposit
$0
Commission
2.0
Available tools
0
Leverage
1:1 to 1:1000
Margin call level
Stop-out level
20

Premium

Minimum deposit
$0
Commission
0.3
Available tools
0
Leverage
1:1 to 1:1000
Margin call level
Stop-out level
20

ECN

Minimum deposit
$0
Commission
0.0
Available tools
0
Leverage
1:1 to 1:1000
Margin call level
Stop-out level
20

Fees and Charges

Fixed-spending with a starting point of 2.0 pips is provided by FirewoodFX in two distinctive accounts, 1.0 pips for Premium Account, both with no charges falling under the trading category of fees. Swap-free Islamic accounts are provided upon request, with no charges incurable. FirewoodFX does not charge for inactivity and may sometimes be a better choice for occasional traders.

Trading Platforms

Customer Support

Contact information not available. Visit the broker’s website for support options.

Deposits and Withdrawals

Deposit and withdrawal details not available. Check the broker’s website for the latest payment methods and processing times.

FAQ

Is the broker regulated?
'I guess FirewoodFX goes offshore up to now and so, has no regulation from top financial authorities.
What trading platforms are available?
Actually, FirewoodFX already has MetaTrader 4, mobile trading, and Web trading.
How much is the minimum deposit to open an account?
With only $10, traders from all different levels should be looking into FirewoodFX.
What are the company's account types?
On this platform, traders can choose from these accounts: Standard, Premium, Micro, and even Demo, to suit each trading need.
What charges are related to fees and commissions?
Trading fixed spread from 1.0 pips on its Premium Account is shielded with no commission on trades.
What happens to the extent of leverage allowed?
Leverage will start from 1:1000 depending on the account and the trading instrument.
Can somebody make use of demo accounts?
The site subtly states one can use demo accounts to practice perusal without financial risk on virtual funds.
How does one reach the customer service?
Customer service has live chat, email, and phone-call options for during-business hours, and languages are managed.

Users reviews

No user reviews yet for FirewoodFX Broker.