FirewoodFX Forex Broker offers up to 88% Deposit Bonus
By FxDailyInfo 5 min read 988 views
FirewoodFX Forex Broker promotes an offer of up to an 88% deposit bonus, which can give new and existing traders extra margin to work with from day one
- 1Open & verify
- 2Make a deposit
- 388% credited
- Bonus
- 88%
Direct link: FirewoodFX Forex Broker offers up to 88% Deposit Bonus
FirewoodFX is rolling out one of its biggest promotions so far, an 88% deposit bonus that is meant to increase trading capital and keep clients active across global markets. The offer applies to all account types and uses a tiered bonus structure based on deposit size, a popular approach among retail forex and CFD brokers.
Joining link: 88% Deposit and $50 Welcome Bonus
The promotion is built to be easy to access from the start. The minimum deposit is just $10. Clients can receive a 20% or 50% bonus on deposits below $100, and up to 88% on deposits of $100 or more. FirewoodFX highlights the flexible nature of the promo, since traders can receive bonuses on multiple deposits and use them to grow their margin in stages.
FirewoodFX Bonus rules and payout structure
The maximum total bonus a client can receive on one trading account is $10,000. Bonuses are added as Credit, which works as extra margin rather than cash balance. Traders can later request to withdraw the bonus after meeting the required trading volume.
The trading volume needed to unlock the bonus depends on the account type:
- Standard, Premium, ECN accounts: bonus ÷ 2 lots
- Micro accounts: bonus ÷ 0.2 micro lots
- Cent accounts: bonus ÷ 0.02 cent lots
Only trades opened after the bonus is credited count toward the volume requirement. Each trade must also close beyond ±5 pips to qualify, with different minimum ranges applied to XAU, BTCUSD, and CFD products. Traders have 60 calendar days to reach the target volume. After that period, any unused bonus credit is removed from the account.
FirewoodFX also warns that the bonus can be cancelled if certain conditions are not met. The broker may revoke the bonus if account equity drops below the credited bonus amount, or if net deposits fall below the level required at the time the bonus was granted. The company reserves the right to decline or cancel bonus payments at its discretion and without advance notice.
How FirewoodFX positions this promotion
FirewoodFX is known for its low entry requirements and features that appeal to newer traders. The 88% deposit bonus fits into that approach, since it lets clients increase usable margin without raising their initial cash deposit by the same amount.
At the same time, the broker reminds traders that any bonus comes with conditions. Clients need to understand the trading volume rules, time limits, and withdrawal restrictions before they start using bonus funds. Sound risk management and position sizing remain important, because bonus capital can encourage traders to open larger positions than they normally would.
As competition among forex and CFD brokers grows, offers like tiered deposit bonuses are likely to stay common, especially in regions where traders are used to trading with promotional credits. FirewoodFX appears to be using this campaign to draw attention from both new and existing clients who want extra margin while keeping their cash deposits relatively small.
FirewoodFX Bonus Terms and Conditions
All FirewoodFX account types can join this promotion.
The minimum deposit to receive a bonus is 10 USD. Deposits made via Internal Transfer do not qualify.
For deposits below 100 USD, you can choose either a 20% or 50% deposit bonus. For deposits of 100 USD or more, you can choose a 20%, 50%, or 88% deposit bonus.
To claim your bonus, log in to your Client Cabinet, go to Account, then select Claim Bonus. Choose the bonus option you want to apply.
You can request the bonus within 24 hours after your deposit. It is best to claim the bonus as soon as your deposit appears in your trading account.
You can claim bonuses on multiple deposits. Each deposit generates a separate bonus.
The maximum total bonus per trading account is 10,000 USD.
The bonus is credited to your trading account as Credit, and you can use it as extra margin to open trades.
You can withdraw the bonus after you reach the required trading volume: • Standard, Premium, and ECN accounts: (Bonus amount in USD / 2) lots • Micro accounts: (Bonus amount in USD / 0.2) micro lots • Cent accounts: (Bonus amount in USD / 0.02) cent lots, which is the same as (Bonus amount in CENT / 2) cent lots
Lots are counted on a first-in, first-out basis. Trading volume is applied to the earliest active bonus first.
Only trades opened and closed after the bonus has been credited to the account will count toward the required volume.
Only trades closed with a profit greater than 5 pips or a loss smaller than -5 pips are counted. For XAU, this threshold equals 5 USD. For BTCUSD, it equals 50 USD. For CFDs, the number of points must match 5 pips on a standard EURUSD lot.
You have up to 60 calendar days from the date the bonus is credited to complete the required trading volume. After 60 calendar days, any unused bonus will be removed.
The bonus will be canceled if your account equity becomes lower than the credit amount.
The bonus will be removed if your net deposit (total deposits minus total withdrawals) falls below the required balance that applied at the time you claimed the bonus.
Because the bonus is credited as Credit, margin call notifications may not be triggered as usual.
Partners still receive their full rebate amount, even when clients trade with bonus funds.
You can cancel the deposit bonus at any time. Once canceled, the same bonus cannot be restored.
FirewoodFX may decline any bonus application at its own discretion, without prior notice or explanation.
FirewoodFX may cancel a client's bonus at any time, without prior notification.
Any situation not covered in these terms will be resolved according to FirewoodFX's decision.
FirewoodFX reserves the right to change, update, or end this promotion, with notice posted in the Company news section.
