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FirewoodFX offers eligible clients a tiered deposit bonus of up to 88% on every qualifying deposit. The bonus is credited to your trading account as Credit, which acts as additional margin to support your open positions. The more you deposit, the higher the bonus tier you can unlock.
| Deposit Amount | Available Bonus Tiers | Maximum Bonus Per Account | Minimum Deposit |
|---|---|---|---|
| Below $100 | 20% or 50% | USD 10,000 | USD 10 |
| $100 and above | 20%, 50%, or 88% | USD 10,000 | USD 10 |
Clients depositing below $100 may select either the 20% or 50% bonus tier. Clients depositing $100 or more unlock all three tiers, including the maximum 88% bonus.
Claiming your bonus is quick and straightforward. Follow these steps after making a qualifying deposit:
Important: The bonus must be claimed within 24 hours of your deposit being processed. It is strongly recommended to claim as soon as the deposit is confirmed in your trading account.
FirewoodFX gives you the flexibility to choose the bonus tier that best suits your trading strategy. Each tier offers different levels of margin support:
| Bonus Tier | Deposit Requirement | Example Deposit | Bonus Credited |
|---|---|---|---|
| 20% | Any deposit from $10 | $500 | $100 bonus |
| 50% | Any deposit from $10 | $500 | $250 bonus |
| 88% | $100 and above only | $500 | $440 bonus |
The bonus itself is non-withdrawable as cash directly but can be unlocked for withdrawal after closing a required number of lots. The formula varies by account type:
| Account Type | Lot Requirement | Example (USD 100 Bonus) |
|---|---|---|
| Standard, Premium, ECN | (Bonus in USD ÷ 2) standard lots | 100 ÷ 2 = 50 lots |
| Micro | (Bonus in USD ÷ 0.2) micro lots | 100 ÷ 0.2 = 500 micro lots |
| Cent | (Bonus in USD ÷ 0.02) cent lots = (Bonus in CENT ÷ 2) cent lots | 100 ÷ 0.02 = 5,000 cent lots |
Lot calculations are on a first-in-first-out (FIFO) basis, applied toward the earliest credited bonus first. Only trades opened and closed after the bonus is credited are counted.
Not all trades count toward the lot requirement. The following conditions must be met for a trade to be included in the lot calculation:
| Term | Detail |
|---|---|
| Eligible Account Types | All account types (Standard, Premium, ECN, Micro, Cent) |
| Minimum Deposit | USD 10 (Internal transfers are not eligible) |
| Maximum Bonus Per Account | USD 10,000 |
| Bonus Claim Window | Within 24 hours of deposit processing |
| Bonus Validity Period | 60 calendar days from credit date |
| Bonus Form | Credited as trading credit used as additional margin |
| Multiple Deposits | Each qualifying deposit is treated as a separate bonus |
| Lot Calculation Basis | First-in-first-out (FIFO) toward earliest bonus first |
| Cancellation by Client | Clients may cancel bonus anytime, but cancelled bonuses cannot be restored |
| Bonus Revocation | Bonus removed if equity falls below credit or net deposit drops below required level |
| Partner Rebates | Partners receive full rebates regardless of bonus status |
The following terms govern the FirewoodFX 88% Deposit Bonus promotion:
FirewoodFX is operated by Firewood Global Ltd, an international broker incorporated in St. Vincent and the Grenadines (Business Company No. 22160 BC 2014), with registered office at Euro House, Richmond Hill Road, P.O. Box 2897, Kingstown, St. Vincent and the Grenadines.
Firewood Global Ltd is authorized under Brokerage License T2023361 issued by the Mwali International Services Authority (MISA), the official offshore financial services regulator for the autonomous island of Mwali, Union of the Comoros.
