and fast execution. FirewoodFX offer MetaTrader 4 platform and MetaTrader 4 mobile platform along with Forexcopy, PAMM, and Zulutrade.
Table of contents
- Availability
- FirewoodFX review and ratings
- FirewoodFX Review – Forex Brokers Reviews & Ratings
- Summary of FirewoodFX Trading Company
- FirewoodFX Review
This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade. Forex brokers often lure new traders with offers of deposit bonuses.
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- FirewoodFX review and ratings!
This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile. The European Securities and Markets Authority ESMA has also recently placed investor protection measures on the marketing, distribution, or sale of CFDs which prevent brokers to provide the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution or sale of a CFD, thus ruling out the offering of such bonuses.
Clients should be aware that to qualify for this promotion there are rules that you will need to read and comply with. This credit bonus will also be available to use as additional margin and equity, but terms and conditions apply to this bonus as well, and clients are advised to read them carefully before accepting this offer. The forex trading software, also called the platform, provided by a broker company to its clients to carry out their trades can be a multi-asset one that allows clients to trade forex as well as other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.
Some companies provide an own proprietary platform, while others prefer well-known platforms. If there is a choice, the trader should keep in mind what he would like to trade. FirewoodFX offers MetaTrader4 as the only trading platform. MT4 is globally still the most popular and best trading platform. It offers users the choice of over 50 different built-in indicators and a full charting package, multi-language interface, and ability to auto trade your strategy using MQL4. It is compatible with Microsoft Windows and uses the MQL4 proprietary scripting language, which allow traders to use their own Expert Advisors EAs to automate the trading process.
Multi terminal is where the trader can manage multiple MT4 accounts using a single terminal. Professional Trader and Money Manager can open, manage, and close orders in multiple accounts simultaneously, using various trade size allocation methods with the Multi terminal program.
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The trader can also view live market prices and monitor all accounts balance and equity in real-time. The program interface is very similar to the MetaTrader4 Client Terminal, so any trader can easily use this program in short time.
Availability
With mobile trading becoming very popular, FirewoodFX have mobile versions of the software available for those using devices running on iOS or Android systems. The MetaTrader4 Web platform features a history of trading operations, full set of trading orders, 9 timeframes and graphical objects. These trading platforms are offered in three languages which include English, Chinese and Indonesian. FirewoodFX offers trade in over 30 currency pairs, based on major and minor world currencies.
It also offers trading in two metal spots, namely gold and silver.
FirewoodFX review and ratings
Further you can trade in equity indices and energies. Forex trading, or currency or FX trading , involves the currency exchange market where individuals, companies and financial institutions exchange currencies for one another at floating rates. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market.
It is actual stock market indexes which measures the value of a specific section of a stock market. This involves the trading of gold, silver and other precious metals as hard commodities that are contract-based tradable. The high volatility of energy prices due to political, environmental and several other factors, is a typical feature of this product, making it a popular trading choice.
Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like FirewoodFX is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. It is an offshore broker in this jurisdiction and not regulated by any government agency.
FirewoodFX Review – Forex Brokers Reviews & Ratings
Trading with FirewoodFX does pose a risk, and if something unexpected should happen to the broker, there is no assurance that client money will be safe. There is also no guarantee that client funds are kept in separate accounts. FirewoodFX accepts clients from all over the world, excluding United States of America as clients from that jurisdiction fall under strict rules when trading.
Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. The FirewoodFX customer support team can be reached in real time by phone, live chat, email, or a return call option from the website.
Potential traders need to do as much as possible research about speculative trading before commencing to do it and while trading. Trading successfully relies heavily on knowledge and understanding of the markets, therefore research options offered by brokers form an integral part its features when choosing the right company to trade with. FirewoodFX does not give much assistance in the form of research tools. It does provide a link to the Forex market with updates on daily news and a margin calculator.
Summary of FirewoodFX Trading Company
Before starting to trade, potential FirewoodFX clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. Yes, FirewoodFX offers a decent trading environment for both beginner and advanced traders. The same method that was used to fund an account must be used to withdraw money again, including the use of OKPAY. Monies will only be refunded to accounts that carry the same name as the trading account with FirewoodFX.
Withdrawals take up to hours after the request is confirmed for most of the payment methods. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account. RSS Feed. Read Review. Ticker Tape by TradingView. Open a Free Trading Account. Broker of the month. Top 27 Regulated Forex Brokers. Forex No Deposit Bonuses. Live Charts. Economic Calendars. FirewoodFX Review.
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All rights reserved. Contact Us. About Us. Avatrade is the 1 Global Broker. Account Minimum. FirewoodFX provides an Islamic account or free swap specifically for Muslims, to activate the free swap feature you can send an email to FirewoodFX support. Whereas the mobile platform is available for Android and iOS users. Managers can offer their profitable trading portfolios at FirewoodFX Forexcopy Service, while investors can choose and diversify various profitable portfolios, learn more about FirewoodFX Forexcopy.
Languages are available in Indonesia, English, and Malay. To contact support, please visit FirewoodFX contact page here. In terms of trust and popularity can be relied upon.