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FirewoodFX

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5.4
(9 Reviews)

Founded: 2014 Min Deposit: 10 USD

Headquarters: Saint Vincent and the Grenadines Max Lev: 1 : 1000

Score
Business Scope
5.0
Trading Cost
5.0
Trading Platforms
5.2
Support
5.2
Licence Status

SVG FSA does not regulate forex trading

SVG FSA 22160-IBC-2014
MISA T2023361
Registered
Authorised
Contact
+44 2036083558
support@firewoodfx.com
http://www.firewoodfx.com/
NON-REGULATED
Multilingual Support
Low Min Deposit
High Leverage
Fixed Spread
Bonus
PAMM Account
Copy Trading
Promotions
Negative Balance Protection
Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Deposit and Withdrawal

5.4

Score

5+ funding options

Features

Fast Deposit

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Company and Service

5.0

Score

multilingual support

Features

Multilingual Support
Profile
Headquarters Address
Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines.
Founded 2014
Broker Type
STP
Time Zone GMT+2,GMT+3
Credit Profile No information
Trading Platforms
MT4
Windows,  iOS,  Android,  Webtrader,  Multiterminal
Contact
No Data
Others
Website Language
Chinese,  English,  Indonesian
Customer Service By
Phone,  Email,  Live Chat,  Web Form,  Facebook,  Twitter
Supported Language
Chinese,  English,  Indonesian,  Thai

Related Complaints

Q&A

What's the commission like for each account at FirewoodFX?

Coco Winther
Oman
Oct 31, 2025
ANSWER Dear Investor, If you would like to know more details about FirewoodFX, such as account trading fees, we recommend contacting their official customer support team directly for the most up-to-date and accurate information. FirewoodFX claims to be operated by Firewood Global Ltd, which is registered in Saint Vincent and the Grenadines. While we confirm that a matching company is listed in the registry of the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, this registration only confers International Business Company (IBC) status. It does not amount to a valid financial license. The SVG FSA has clearly stated that it does not regulate or license forex brokers, meaning this registration offers no investor protection or financial oversight. FirewoodFX also claims to be regulated by the MWALI International Services Authority (MISA). Our investigation confirms that the company is indeed registered with MISA, and its official website matches the domain on file. However, it is important to note that MISA is an offshore regulator with limited regulatory oversight and international recognition. As such, MISA registration alone should not be viewed as a strong assurance of compliance, transparency, or financial security. We strongly advise investors to exercise caution when considering engagement with such entities and to conduct thorough due diligence before making any investment decisions.
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hi can you check Firewoodfx again?

Oana Moir
France
Oct 15, 2025
ANSWER Dear Investor, FirewoodFX claims to be operated by Firewood Global Ltd, which is authorized under License T2023361 issued by the Mwali International Services Authority (MISA). We have verified that this company is indeed listed as a licensed entity with MISA. The registered domain associated with this license matches the platform address you provided. However, we would like to emphasize that MISA is an offshore regulatory authority with limited oversight. Its regulatory framework lacks broad international recognition, and the level of investor protection it offers is minimal. Therefore, this licensing should not be regarded as a strong guarantee of the company’s reliability or financial security. Additionally, FirewoodFX claims to be registered in Saint Vincent and the Grenadines. Our verification confirms that the entity is registered with the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. It is important to note that this IBC registration is a basic corporate registration and does not constitute a financial services or forex brokerage license. In light of the above, while FirewoodFX appears to be formally licensed, we still strongly advise exercising caution when trading with this broker.
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Overall Score

5.4
9 Reviews

Cost 5.0

Platforms 5.2

Deposit & Withdrawal 5.4

Customer Support 5.2

Indicates the average level of Brokers

Keywords for selection

9 Reviews Clear filter

Sort by
moncsicsi
0-6 months Malaysia
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
Oct 27, 2023
Reply
Ade
0-6 months Russia
Firewoodfx before brexit is fine, but now firewood have a problem... Spread on EURUSD premium account not sinc, on marketwatch and request order 1 pip, and support said cant fix the problem.. To me, its not comfort, sad broker
Oct 24, 2023
Reply
Ward Corey
0-6 months Germany
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.
Oct 19, 2023
Reply
George
0-6 months Micro Account New Zealand
Having been traded 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, COSTS longer time than average brokers in Indonesia.
Jun 18, 2023
Reply
JC
1-3 years Micro Account Indonesia
I think firewoodfx is a nice broker. As a new Indonesian forex trader, I often have some problems. But I always can get the service response quickly. From my experience, it does not take long time to withdraw my money.
Jun 07, 2023
Reply
Jeffy
1-3 years Micro Account Indonesia
FirewoodFX provides trading facilities that is quite impressive. Simple registration requirements. 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. FirewoodFX allows 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.
Jun 03, 2023
Reply
idht
0-6 months Micro Account Indonesia
FirewoodFX owns quite good trading condition. There is no requotes or no connection tricks with this broker. But sometimes, their spreads are more than their advertised when News happens. Generally, I think FirewoodFX is fine.
Jun 02, 2023
Reply
destiny
0-6 months Standard Account Thailand
I chose FirewoodFX because of fixed spreads. Firewoodfx can meet my needs for fixed spreads. At first, I didn’t trust Firewoodfx. But after I tried to get it back to test the credibility and honesty by withdrawing my profit with $300, I was surprised that they processed it very fast.I opened 2 accounts and deposited 2000 USD in each account. I hope the execution quality will be consistent.
Jul 26, 2022
Reply
Sihle
0-6 months Micro Account Indonesia
Such a fraud broker I never been seen. Their customers services are very bad. I send my complain with an e-mail, but they did not reply.
Jul 13, 2022
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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