Don't miss out, quickly claim the $88 deposit bonus from FirewoodFX. This offer is valid for new users as well.
FirewoodFX is an offshore forex broker headquartered in Saint Vincent and the Grenadines, Caribbean. Besides forex, this global broker also provides CFD trading, metals, indices, and energy trading. To facilitate trading, this broker, which has been operational for nearly a decade, offers a variety of attractive bonuses.
One of the most appealing bonuses offered by FirewoodFX is an 88% deposit bonus. To obtain this bonus, all you need to do is deposit a certain amount of money into your FirewoodFX trading account.
What's more enticing is that this 88% bonus can also be claimed by those who are newly opening a trading account. Therefore, go ahead and open an account if you don't have one yet. This 88% bonus is still valid until further notice.
Get 88% Extra Deposit for All Account Types
The deposit bonus from FirewoodFX has now become even larger, reaching up to $88. This bonus applies to all types of accounts, including new users. The requirements to obtain this bonus are that you must deposit a certain amount of funds into your trading account.
To receive the 88% bonus, you need to make a minimum deposit of $100 using any of the methods provided by FirewoodFX. If your deposit amount is below $100, you can choose between a 50% or 20% bonus.
Still trying to estimate approximately how much total bonus can be obtained with this promotion? Let's calculate the deposit bonus of 88% with a deposit amount of $100.
Deposit Amount: $100
Deposit Bonus Percentage: 88%
Bonus Amount = Deposit Amount × Deposit Bonus
Percentage Bonus Amount = $100 × 0.88
Bonus Amount = $88
So, if you deposit $100, you will receive a bonus of $88, making your total account balance $100 + $88 = $188.
With a total bonus that can double your deposit like that, there are certainly many opportunities you can gain. For example, increasing the number of transactions, diversifying assets for your portfolio, and so on.
This promotion is available to all FirewoodFX clients worldwide, except for Iran, Kosovo, Liberia, New Zealand, North Korea, Sudan, United States, and Zimbabwe.
For those residing in countries like Australia, China, Cyprus, France, Germany, Hong Kong, India, Indonesia, Japan, Philippines, Seychelles, UK, and other non-excluded countries, you are eligible to participate in this promotion.
Can I Withdraw the 88% Bonus?
Yes, you can withdraw the profit from the bonus after fulfilling several requirements. You have the option to withdraw the bonus amount once you have completed a specific trading volume based on your account types:
- For Standard, Premium, and ECN account types: the trading volume required is half of the bonus amount in USD.
- For Micro account types: the trading volume required is 0.2 times the bonus amount in USD, represented as micro lots.
- For Cent account types: the trading volume required is 0.02 times the bonus amount in USD, which is equivalent to half of the bonus amount in cents.
The calculation of the trading volume will follow the first-in-first-out (FIFO) principle, with priority given to the earliest bonus credited. It's worth noting that only trades that are opened and closed after the bonus is credited will be eligible for consideration.
Eligible trades must be closed with a difference of more than 5 pips (or less than -5 pips). For XAU (gold), this difference is equivalent to $5, for BTC/USD (Bitcoin to US Dollar), it's $50, and for CFDs, the point equivalent to 5 pips on EUR/USD standard lots will be used.
The maximum allowable time to fulfill the required trading volume is 60 calendar days from the date the bonus is credited. If this timeframe elapses, the bonus will be invalidated and removed.
Where to Find the Information on the Official Broker Site?
- This information is reported per Aug 17 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore FirewoodFX homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Get the 88% FirewoodFX Deposit Bonus
For those of you who already have an account with FirewoodFX, you simply need to log in as usual. However, if you don't have an account yet, follow these steps to open a new account while claiming the 88% deposit bonus:
- Go to the broker's homepage, and scroll through the banners until you find the 88% deposit bonus promotion banner as shown below. Once you find it, click "Get Bonus".
- You will be redirected to the promotion page. Scroll down until you find the button as shown below. Click "Open Account and Get the Bonus".
- Fill in all the fields with your personal information. Check the box "I Have Read The Agreement And I Agree To The Terms And Conditions Therein," then click "Register."
- If your screen looks like this, open a new tab and check the inbox of the email you used for registration.
- Take a screenshot or save all the data provided in the email, as it is crucial information for logging into your trading account, especially your account number and PIN.
- Return to the registration page and log in using your account number and PIN.
- Once you successfully log in, you will be directed to make a deposit. Several payment methods are available, and the payment methods will also be adjusted based on your country of origin.
- Enter the deposit amount, then complete the payment.
Done, that's all you need to do. If the deposit has been received and you meet the criteria to receive the 88% deposit bonus, you can simply claim the bonus in the client cabinet. After that, the bonus will be added to your account balance automatically and can be used for trading.
Important Things to Note When Claiming the 88% Deposit Bonus
When dealing with the acquisition and application of deposit bonuses, specific crucial factors come into play. These factors can notably influence your trading tactics and potential profits with FirewoodFX.
Let's delve into the crucial elements to keep in mind when utilizing the 88% deposit bonus. This will help ensure your confident and informed navigation of this aspect of trading.
- The bonus can be claimed within 24 hours of making a deposit. It is advisable for you to claim the bonus promptly after the deposit has been processed in your trading account.
- You are allowed to claim the bonus for multiple deposits, with each deposit's bonus considered a separate entity.
- The maximum bonus amount per trading account is $10,000.
- The bonus will be added to the trading account as a Credit, providing additional margin for opening positions.
- For deposits below $100, you can choose between a 20% deposit bonus or a 50% deposit bonus.
- For deposits of $100 and above, you can choose between a 20% deposit bonus, a 50% deposit bonus, or an 88% deposit bonus.
- The minimum deposit required to claim the bonus is $10.
- Deposits made through Internal Transfers are not eligible for the bonus.
- The bonus will be revoked if the equity falls below the credited amount.
- Due to the credit provided in the trading platform, you may not receive margin call notifications.
- Partners will still receive the full rebate amount.
- Clients have the option to cancel the deposit bonus at any time. Once the deposit bonus is canceled, it cannot be reinstated.
An 88% deposit bonus from FirewoodFX is undoubtedly an offer not to be easily dismissed. The reason is, the bonus amount can nearly double your deposited funds.
With just a $100 deposit, your balance could increase to $188, and this effect becomes even more pronounced with higher deposits such as $200, $500, and so on. With such an augmented balance, it becomes crucial to maximize the utilization of the bonus to enhance your potential for profit.
FirewoodFX is a global online forex broker founded by a team of experienced forex traders. FirewoodFX offers a traditional 4-decimal pricing system with a fixed spread of 1 pip. This is combined with modern STP execution to their global liquidity pool.