Is Trading in Firewoodfx Safe?

Choosing a Broker
E
Endry
24 Apr 2020, 14:33 270 Views

Sorry, I want to ask if trading with firewoodfx is safe.. because I'm still unsure when I see the fixed spread.. thank you

1 Answer

R
rizki rosadi 28 Apr 2020, 11:07

@Endry: Broker FirewoodFX is headquartered in the offshore country of St. Vincent and the Grenadines and is regulated in St. Vincent and the Grenadines (Reg Number: 22160 IBC 2014) as Firewood Global Ltd. 

We recommend choosing a broker that is already regulated by an internationally credible regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA. A credible regulatory body is one that has been tested and is internationally recognized, and imposes firm sanctions on brokers if they are found to have violated agreed-upon terms. The regulatory body is also responsible for the security of client funds.

Hopefully, this can help

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