FirewoodFX Launched ForexCopy, Fixed Rate to be Increased
FirewoodFX is stepping up to be one of the most committed brokers in offering fixed rate. They also announced the release of a copy trading service labeled ForexCopy.
FirewoodFX is further developing its trading services by launching ForexCopy and maximizing the fix rate feature. With ForexCopy, FirewoodFX clients can now execute copy trades as either a "leader" or a "follower". Meanwhile, FirewoodFX Fix Rate is now also exploring Chinese Yuan and Thai Baht, having previously been available exclusively for Rupiah.
New Copy Trading Platform
FirewoodFX recently launched ForexCopy guide, a copy trading service that accommodates the needs of traders to become a provider or receiver of trading signals. Providers of trading signals in the ForexCopy FirewoodFX system are referred to as "leaders", while clients who register as receivers of signals are referred to as "followers". FirewoodFX clients can change their status to register as "leader" or "follower" on ForexCopy.
A ForexCopy "leader" will receive a notification via email if a "follower" registers as a recipient of his trading signal. This also applies to ForexCopy "followers" who will receive a notification via email if their registration request has been approved by the followed "leader".
Fix Rate Development
As a service that allows traders to make deposits and withdrawals at a fixed rate, FirewoodFX is very helpful for local traders in transferring fees without worrying about fluctuating exchange rates. Since launching its promotion in Indonesia, FirewoodFX has been intensively introducing a USD/IDR fixed rate service of Rp10,000 per $1.
Following the success of the USD/IDR Fix Rate, FirewoodFX is now adding a similar service for payment methods in CNY (Chinese Yuan) and THB (Thai Baht). Yuan Fix Rate is ¥5.5 per $1 for transfers made via UnionPay or local Chinese banks. Meanwhile, the USD/THB Fix Rate is ฿30 per $1.
FirewoodFX can present something different because not many forex brokers currently offer fixed rate facilities for deposits and withdrawals. For Indonesian traders, the USD/IDR fixed rate from the FirewoodFX broker is available if deposits and withdrawals are made via FasaPay or certain appointed exchangers.