The Ultimate Guide to FirewoodFX $50 Welcome Bonus

Don't miss the opportunity to receive a $50 FirewoodFX welcome bonus, exclusively for new users who open an account through the FirewoodFX Mobile App.

FirewoodFX is a renowned offshore broker that has been established since 2014. Since its inception, FirewoodFX has served more than 4 million clients from around the world, except the United States due to the country's stricter regulations regarding trading.

As a gesture of appreciation, FirewoodFX, which is based out in Saint Vincent and the Grenadines, offers a welcome bonus of $50 for those who are new to joining.

The requirements are very simple. You only need to open a new account through the FirewoodFX Mobile App. The bonus will be credited directly to your equity as soon as the account registration is successful.

FirewoodFX Welcome Bonus: An Exclusive Offer for New Accounts

As mentioned earlier, a capital reward of $50 will be given by FirewoodFX, absolutely free, to those who open a new account. Remember, this welcome bonus is only applicable to those who open an account using the FirewoodFX Mobile App.

So, if you open an account using other platforms, you won't receive this welcome bonus. Moreover, to obtain this bonus, you don't need to make an initial deposit first. Quite enticing, isn't it?

You can also withdraw the profits if you manage to generate a profit from this $50 capital. It is also important to note that this promotion ends on 31st August 2023. If you register after that period, you will not be eligible to receive the bonus.

Almost all countries around the world that can download the FirewoodFX Mobile Application are eligible to claim the $50 welcome bonus, except for Iran, Kosovo, Liberia, New Zealand, North Korea, Sudan, the United States, and Zimbabwe. Apart from the mentioned countries, everyone else can participate in this promotion.

Here are some countries that can participate in the FirewoodFX Welcome Bonus promotion: Australia, China, Cyprus, France, Germany, Hong Kong, India, Indonesia, Japan, Philippines, Seychelles, UK, and many more.

For a more comprehensive list, you can check on the registration page of the FirewoodFX mobile app. In the "Country" column, there will be a complete list of countries that are included in this promotion.

How to Get the $50 Welcome Bonus

Receiving a $50 bonus for free is certainly quite substantial to kickstart your trading journey. For beginners, you can save more as there's no need to spend money on deposits. FirewoodFX.

Follow these steps to claim the $50 FirewoodFX Welcome Bonus:

1. Download and install the FirewoodFX Mobile App. The FirewoodFX application is available on both the Google Play Store and the App Store.
   
   
   
2. Open an account and select the Bonus account type.
   
   
   
3. The verification code will be sent to the email you have registered.
   
   
   
4. Enter the code provided in the email into the application, then click "Submit" button.
   
   
   
5. After successful email verification, you will receive another notification via email containing detailed information about your new account, like this:
   
   
   
6. Verify your account by submitting the necessary identification documents. To perform verification, tap the three lines on the main page of your mobile app, as shown in the image below.
   
   
   
7. Complete all requested verifications, including proof of identity, proof of address, and a self-photograph.
   
   
   
8. After your account verification is approved and your account qualifies, the bonus will be credited to your account.

   

Terms and Conditions

Here are some terms and conditions that you need to pay attention to if you want to participate in the FirewoodFX Welcome Bonus promotions.

1. Welcome Bonus is eligible for new clients only who registered through the FirewoodFX Mobile App.
2. The bonus account will be terminated if there is no closed transaction after 5 days.
3. The client can cancel the bonus at any time. Once the bonus is canceled, it can't be reinstated.
4. The withdrawal amount is $50.
5. To request a withdrawal, the KYC (Know Your Customer) document must be verified.
6. Only trades closed more than 5 pips (or less than -5 pips) are eligible for lot calculation. For XAU it will be equal to $5. Only forex and gold symbols are calculated.
7. Expert Advisor is unavailable on the bonus account.
8. The bonus account will have a $50 starting balance. Deposit operation for bonus accounts is not available.
9. The bonus account will have FirewoodFX ECN pricing, with a maximum lot per order is 0.01 and a maximum open position is 5.
10. Partner will not get a rebate from the bonus account.
11. The client can withdraw the profit, within 60 days after the bonus is credited, after:
    • Closing 2 eligible lots, and
    • Have 4 Welcome Bonus Clients who have trading volume.
12. The bonus account will be terminated after 60 days after the bonus is credited. After the bonus account is terminated, trading and withdrawal will be unavailable.
13. Hedging position internally (using a trading account in FirewoodFX or other brokers) or so-called trading balance, is not allowed.

You must pay attention to the above requirements so that the bonus claim process runs smoothly. This is because traders often face obstacles due to not paying enough attention to the broker's TNC. One common issue is difficulties when withdrawing the bonus from the broker.

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.