FirewoodFX is a trusted broker that has served more than 4 million clients worldwide. Follow this guide to open a new trading account and enjoy all the benefits from this broker.
Currency trading used to be an exclusive form of investment for banks, multinational companies, and governments. Today, it is accessible to anyone through user-friendly platforms. Opening a trading account is considered pretty easy and straightforward, but the process may differ from one broker to another.
In this guide, we'll be focusing on opening an account in a well-established broker called FirewoodFX.
Founded in 2014, the broker offers diverse trading services to satisfy various types of traders. Aside from currency pairs, you can also trade other instruments such as metal spots, equity indices, and energies. More importantly, this broker is specialized in offering fixed spreads.
How to Register a New FirewoodFX Account?
FirewoodFX open account is quite a simple process and available on almost any device. The guide below uses the mobile app version, but the steps are generally the same regardless of your device.
- Open the mobile app or head over to the broker's official website.
- To start the FirewoodFX signup process, tap the "Create New Account" button.
- Provide some information about yourself in the respective boxes. This includes entering your full name (must match your ID), email address (highly suggested NOT to use Yahoo), phone number in the international format, and country of residence.
- Swipe right or left to select the account type of your choice. FirewoodFX broker has provided additional information on each account, so make sure to read the conditions first.
- Agree to the terms and conditions, and click "Register".
- You will be asked to enter a four-digit code sent to your email by FirewoodFX. Check your inbox or the spam folder if necessary.
- Copy the code, paste it on the app, and hit the "Submit" button.
- Congratulations, you have successfully completed the FirewoodFX registration. Your account credentials will be shown on the screen.
- Once you click "OK", you'll be taken to your private Client Area. This is where you can make trades and manage your account.
- You can apply for an 88% deposit bonus when it's time to fund your account. If you want to open more accounts, simply tap the (+) icon at the bottom right.
- Select the account type and click "+ Create Account".
- Your new account will appear on your homepage and be ready to use.
An Insight into FirewoodFX Account Types
When opening a new account, one of the most crucial things to consider is the account type you choose. Why does this matter? They can vary in terms of trading fees, asset availability, etc. So before you make your decision, please weigh your needs and find the most suitable choice for you.
There are five FirewoodFX account types to choose from, each comes with two pricing formats (4-digits and 5-digits). Here is the complete list:
|Floating from 0.3 pips
|Fixed from 3 pips
|Fixed from 2 pips
|Fixed from 1 pip
|Floating from 0 pips
|📊Maximum Trade Size
If you want to trade in real markets but are still not ready to spend big money, you can start with a Cent or Micro account.
Meanwhile, if you are confident with your skills, the Standard, Premium, or ECN account might give you a lot of advantages. These accounts let you open large positions with competitive fees. In addition, a swap-free Islamic account option is also available.
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.