FirewoodFX already provides a variety of deposit and withdrawal payment methods, ranging from the most conventional methods such as wire transfers, to alternative mediums such as e-payments. The following are deposit and withdrawal options at the FirewoodFX broker that you can use:
1. Wire Transfers
This method is a transfer of funds from your bank account to the bank used by FirewoodFX. As the most convenient deposit method, Wire Transfer requires the longest processing time among other deposit media. The method is quite complex, and there is a charge fee from the bank concerned.
At FirewoodFX, deposits via Wire Transfer can be made in USD, the minimum amount is 100 USD, and the processing time is around 24 hours. There is no fee from FirewoodFX, but there is still a transfer fee from the bank. Meanwhile, for withdrawals, currency conditions, minimum amounts, and fees are the same as deposits, it's just that it requires a longer processing time, which is a maximum of 48 hours.
2. Credit Card
Broker FirewoodFX provides Master Card and Visa options as deposit and withdrawal options via credit card. For those of you who have this credit card, you can use it to deposit into a FirewoodFX account with the condition that the currency is USD, a fee of 0.5 USD + 5% of the deposit amount, and a minimum deposit of 10 USD. You don't have to wait long to complete the deposit stage via credit card because the process can be done instantly. As for withdrawals, a fee of 10 USD will be charged and processed within a maximum of 48 hours.
3. E-Payments
Several popular e-payments such as Skrill, Neteller, FasaPay, and OK Pay are available to complete deposit and withdrawal facilities at the FirewoodFX broker. In general, in terms of fees, minimum amount of deposits and withdrawals, and processing time, e-payments have the conditions that are the easiest.
FirewoodFX sets a deposit fee policy via Neteller and Skrill of 3.9%, with a minimum amount of 10 USD for the funds you can deposit. Meanwhile, for FasaPay and OK Pay, there are no fees and you can deposit starting from 1 USD. Specifically for FasaPay, there is a choice of currency other than USD, namely IDR. All of these e-payment methods have been provided with the advantage of an instant deposit, so you don't need to worry about the long deposit processing time.
Then what about the withdrawal conditions via e-payment? OK Pay and FasaPay are still offered with the same conditions: No fees, minimum withdrawal amount starts from 1 USD. Neteller joins the two e-payments in terms of fees, as the FirewoodFX broker does not charge withdrawal fees through Neteller. Meanwhile, for Skrill, there is a 1% fee provision for withdrawals above 5,000 USD. Both Neteller and Skrill have a minimum withdrawal policy of 10 USD.
4. Local Banks
FirewoodFX opens opportunities for clients to be able to deposit and make withdrawals directly through local banks. For instance, Indonesian traders can make deposits through BRI, BCA, BNI, and Mandiri banks. Deposits can be made in IDR currency, without fees, the minimum amount is 1 USD, and can be done instantly. For the withdrawal process, the difference in conditions only exists in the processing time, where the duration stated in the description of the withdrawal time via a local Indonesian bank is a maximum of 24 hours.