Have you heard of the fwfxasia.com broker Are you considering using FirewoodFX broker to trade? Here are some things you need to know about FirewoodFX broker. Check out the reviews to learn more.
FirewoodFX, an offshore brokerage company, has a lot to offer traders. This broker is known as Belana Group LLC and has an address at Suite305, Griffith Corporate Centre in Kingstown – St. Vincent and the Grenadines.
FX brokers can trade on these instruments: stocks, commodities and crypto.
Withdrawal and Deposit
FirewoodFX Minimum Deposit / Withdrawal procedure
FirewoodFX’s withdrawal policy stipulates that there is no withdrawal fee for certain payment options. However, processing days for withdrawals take 24 hours.
FirewoodFX minimum deposits are dependent on the method used. For example, $10 to $100 on the bank; $1 for crypto and PerfectMoney or fasapay; $50 for cards; $10 for ChinaUnionPay.
The broker will list the different payment options, including bank transfer, crypto wallets and credit cards. The use of crypto currencies is a common indicator that offshore brokers are using them. Payments made using this method are anonymous and cannot be traced back to any individual. Be careful!
FirewoodFX platform provides web-based trading and MT4 (Industry standard trade platforms). Although MT4 is not a sign that the broker is legitimate, any broker could do the same thing to lure forex traders. The broker is a red flag to traders.
The leverage can reach up to 1:1000. All indications are that you should not do this with an unregulated forex broker such as this one. You could lose your money.