FirewoodFX No Deposit Bonus – $20 Welcome Bonus

Broker Details

Broker Name
FirewoodFX

Penguin Meter

Bonus Description
$20 Welcome Bonus

Expiry Date
On Going

FirewoodFX $20 Welcome Bonus Details:

FirewoodFX offers a $20 welcome bonus for new clients to test their platform risk-free. You can trade and withdraw any profits without making a deposit. However, the bonus is NOT AVAILABLE to clients from the United States, North Korea, Iraq, Iran, Saint Lucia, or Saint Vincent and the Grenadines.

How to acquire this $20 no deposit bonus:

1. Open an Account on FirewoodFX.
2. Select the Bonus Account Type and the bonus will be credited automatically.

Important things to know:

1. Eligibility: The bonus is available only to new clients who have not previously registered with FirewoodFX.
2. Bonus Expiry: The bonus and any profits will expire 30 days after the bonus is credited.
3. Inactivity: If no trades are made within 5 days, the bonus will be forfeited.

Account Restrictions:

1. The maximum lot per order is 0.01, and the maximum open position is 5.
2. Expert Advisors (EAs) and the Forexcopy feature are not available on the bonus account.
3. The bonus account comes with fixed leverage of 1:3000.

How to withdraw the profit:

1. To withdraw profits, you must close at least 2 eligible lots. However, if you deposit a minimum of $100 into the bonus account, you can withdraw profits after closing just 1 eligible lot.
2. Only trades with a profit/loss greater than 5 pips (or less than -5 pips) are considered for lot calculations. For Gold (XAU), each eligible lot equals $5.
3. Withdrawal Method:
   • If no deposit is made into the bonus account, profits can only be withdrawn via internal transfer to another MT4 ECN account within the same Master Customer ID, which must have a minimum deposit of $100.
   • If you deposit at least $100, you can withdraw profits after closing 1 eligible lot, and the trading volume calculation will start once the deposit is made.