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FirewoodFX Forex Broker keeps up-to-date with the latest trading account information, including Premium, Standard , Micro maximum leverage of Up to 1:1000, trading varieties, and more
Rating Index
Pros
Demo account availability allows traders to practice without risk.
Offers the popular MetaTrader 4 trading platform known for its user-friendly interface and extensive features.
Multiple account options cater to different trading styles and experience levels.
Cons
Lack of regulation exposes traders to higher risks and potential misconduct.
Regional restrictions limit access for clients from certain countries, including the USA and North Korea.
Negative feedback from users regarding withdrawal processes and customer support responsiveness.
FirewoodFX broker Accounts
Premium
Environment
--
Currency
--
Maximum Leverage
Up to 1:1000
SupportedEA
Minimum Deposit
USD 100
Minimum Spread
From 1 Pip
Depositing Method
--
Withdrawal Method
--
Minimum position
0.1 lot (10000)
Commission
--
Products
--
Standard
Environment
--
Currency
--
Maximum Leverage
Up to 1:1000
SupportedEA
Minimum Deposit
USD 10
Minimum Spread
From 2 Pips
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01 lot (1000)
Commission
--
Products
--
Micro
Environment
--
Currency
--
Maximum Leverage
Up to 1:1000
SupportedEA
Minimum Deposit
USD 10
Minimum Spread
From 3 Pips
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01 lot (100)
Commission
--
Products
--
FirewoodFX Account Type
FirewoodFX offers five different account types to cater to various trading needs:
- Cent Account
- Minimum Deposit: $10
- Minimum Trade Size: 0.01 lot (1,000 units)
- Maximum Trade Size: 100 lots
- Spread: Floating from 0.3 pips
- Commission: None
- Leverage: Up to 1:3000
- Micro Account
- Minimum Deposit: $10
- Minimum Trade Size: 0.01 lot (1,000 units)
- Maximum Trade Size: 200 lots
- Spread: Fixed from 3 pips
- Commission: None
- Leverage: Up to 1:1000
- Standard Account
- Minimum Deposit: $10
- Minimum Trade Size: 0.01 lot (1,000 units)
- Maximum Trade Size: 30 lots
- Spread: Fixed from 2 pips
- Commission: None
- Leverage: Up to 1:1000
- Premium Account
- Minimum Deposit: $100
- Minimum Trade Size: 0.01 lot (1,000 units)
- Maximum Trade Size: 50 lots
- Spread: Fixed from 1 pip
- Commission: None
- Leverage: Up to 1:1000
- ECN Account
- Minimum Deposit: $200
- Minimum Trade Size: 0.01 lot (1,000 units)
- Maximum Trade Size: 50 lots
- Spread: Floating from 0 pips
- Commission: $7 per lot
- Leverage: Up to 1:1000
- Visit the Website or App
- Go to the official FirewoodFX website or download the mobile app.
- Create a New Account
- Click on the "Create New Account" button.
- Fill in Personal Information
- Enter your full name (matching your ID), email address (avoid Yahoo), phone number in international format, and country of residence.
- Select Account Type
- Choose from the available account types (Cent, Micro, Standard, Premium, or ECN) and read the conditions carefully.
- Agree to Terms and Conditions
- Check the box to agree to the terms and conditions and click "Register."
- Email Verification
- You will receive a four-digit code via email. Enter this code in the app or website to verify your account.
- Access Client Area
- Once verified, you will be taken to your private client area where you can manage your account and start trading.
- Apply for Bonuses
- You can apply for an 88% deposit bonus when funding your account.
FirewoodFX Broker Account Opening Process
Opening an account with FirewoodFX is a straightforward process that can be completed in a few simple steps:
By following these steps, you can easily set up your trading account with FirewoodFX and begin your trading journey.
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FirewoodFX accounts can be viewed for products that can be traded -- accounts with a minimum deposit of USD 100 by (2+) --.