In FirewoodFX, the deposit and withdrawal process is very easy and available through various popular payments. Here's the complete tutorial to help you get started.

Deposit Withdrawal FirewoodFX

As a trader, selecting a broker can be quite overwhelming, especially for newcomers. In the list of criteria that must be considered, the ease of deposit and withdrawal is one of the most crucial because it highly affects your trading capital.

FirewoodFX is one of those brokers that make funding accounts and cashing out easy. The broker is fully aware that deposit and withdrawal are incredibly important for any trader, so it offers a simple and straightforward funding process, combined with a wide selection of payment gateways. Most deposits can even be processed instantly in only a few minutes.

Before we begin with the tutorial, here is the complete list of FirewoodFX payment methods that you can use to make deposits and withdrawals:

💳Payment Method 💲Currency 💸Deposit Fees 💰Minimum Deposit ⌛Processing Time
Bank Wire Transfer USD Free 100 USD 24 hours
Debit/Credit Cards USD $0.5 + 5% 50 USD Instant
Internet Banking (Indonesian Local Banks) IDR Free 10 USD Few minutes, auto-processed
Virtual Account (e-wallet) IDR Free 10 USD Few minutes, auto-processed
Cryptocurrency IDK Stablecoin, BIDR BEP20, USD Tether TRC20/BEP20, BUSD BEP20 Free 1 USD Few minutes, auto-processed
China UnionPay CNY 2.6% 10 USD Instant
Perfect Money USD Free 1 USD Instant
FasaPay USD, IDR Free 1 USD Instant

 

FirewoodFX Deposit Tutorial

  1. Head over to the broker's official website or open the mobile app.
    Deposit Withdrawal FirewoodFX 1

  2. Tap "Deposit" on one of your live accounts.
    Deposit Withdrawal FirewoodFX 3

  3. The next screen will show you all the available methods that you can choose. Keep in mind that the list may differ in each area or country. You can also see your FirewoodFX account number and current balance at the top. To proceed further, tap on the method that you want to use, but be sure to check the conditions first.
    Deposit Withdrawal FirewoodFX 4

  4. Specify the deposit amount in USD. The FirewoodFX minimum deposit starts from 10 USD for Cent, Micro, and Standard accounts. Meanwhile, the minimum amount for Premium and ECN accounts are 100 and 200 USD respectively.
    Deposit Withdrawal FirewoodFX 5

  5. Follow the instructions to transfer your funds to your trading account. You may also be redirected to the merchant's transaction page. After that, click "Payment Done".
    Deposit Withdrawal FirewoodFX 5

  6. Done! The deposited funds will be reflected on your account balance once it's processed.

 

FirewoodFX 88% Deposit Bonus

Aside from fueling your account, making a deposit also gets you the opportunity to participate in FirewoodFX 88% Deposit Bonus program. The bonus can be used to increase your trading position and it's even withdrawable after fulfilling certain trading volume requirements. All clients with all account types are eligible for this promotion.

To get the bonus, all you need to do is make a deposit and claim the bonus. Here are the terms and conditions:

  • The minimum deposit to claim the bonus is 10 USD. Internal transfers are not eligible.
  • For a deposit of under 100 USD, you can choose between a 20% or 50% deposit bonus. For a deposit of 100 USD and above, you can choose between 20%, 50%, or 88% bonus.
  • The bonus can be claimed within 24 hours after the completion of the deposit.
  • The maximum bonus amount that you can get per account is 10,000 USD.

See also: More Updates on Forex Bonus

 

FirewoodFX Withdrawal Tutorial

  1. Open your FirewoodFX Client Cabinet or mobile app. Choose the account that you'd like to withdraw from.
    Withdrawal FirewoodFX 1

  2. Hit the "Withdraw" button to start the process.
    Withdrawal FirewoodFX 2

  3. Choose where you want to withdraw, whether it's an internal transfer to your wallet (FirewoodFX MT4 account) or an external transfer to local banks.
    Withdrawal FirewoodFX 3

  4. If you choose to withdraw to an external bank account, you'll need to select the destination bank.
    Withdrawal FirewoodFX 4

  5. Specify your destination account and withdrawal amount. This has to be the same as the one you used to fund your FirewoodFX account before. Click "Continue" to send the request.
    Withdrawal FirewoodFX 6

  6. At this point, your request has been sent to the broker and will be processed accordingly within 24 hours. You'll also receive a confirmation email of the withdrawal for more safety.
    Withdrawal FirewoodFX 7

  7. Once your request is confirmed, the funds will be deducted automatically from your account and transferred to the correct destination.

 

Summary

As a trader, you must understand that the ease of deposit and withdrawal is very important in determining whether the broker is reliable or not. Some brokers may allow you to deposit a huge amount instantly, but prevent you to cash out by applying complicated withdrawal rules.

Thankfully, in FirewoodFX broker, the deposit and withdrawal process is very fast and easy. You can do it at any time and even anywhere using the mobile app. If you have any trouble when making a transaction, immediately contact the customer support team and ask for their assistance.

 

FirewoodFX is a trusted global brokerage firm that has been around since 2014 and served over 4 million clients. It offers more than 30 forex pairs, metals, equity indices, and energies on various platforms including MT4. The broker also aims to provide the best trading conditions by offering spreads starting from 0 pips along with low minimum deposit of only 10 USD.