Is FirewoodFX no deposit bonus legit?

Hi fam!

I just stumbled across FirewoodFX broker and I see they have a no deposit bonus. I am skeptical, is this broker and its bonus for real? I would like to hear from anyone who has traded with the FirewoodFX no deposit bonus and how real it is. Many many thanks in advance.

Good Morning Patrinova, Yes the Firewoodfx no deposit bonus is real because I have used it. What made me signup for the bonus was the fact that they allow you use high leverage up to 1:3000 when trading with the bonus.

The withdrawal conditions for the bonus are also realistic as you only have to trade 2 standard lots, close your trades at 5 pips profit or more, and trade within 30 days before you can withdraw the profits made from using the bonus.

Once you open the bonus account, the $20 welcome bonus is immediately credited and although the bonus itself is not withdrawable, the profits are.

You need to trade at least once every 5 days to let Firewoodfx know you are serious about the bonus if not they will terminate it. The trading platform is MT4 and EAs & Copy trading is not permitted.

For me I didn't have to trade 2 standard lots before I was eligible to withdraw the bonus, because I made a 100 USD deposit into the bonus account so I only had to trade 1 standard lot.

Note that you must withdraw your profits within 30 days and to withdraw, you must open an Firewoodfx ECN Account which requires a $100 minimum deposit. Alternatively, you could withdraw directly from the bonus account by depositing $100 into it like I did.

W
@weilo_daniel - 4 months ago

Yes, it is I have used it before.

H
@headies25284 - 4 months ago

Yes, the broker offers a $20 welcome / no-deposit bonus that allows you to trade without depositing money.

However, the conditions attached to withdrawing profits are very restrictive

Is this a real broker? Never heard of em!

Disclaimer:

At MyTradingLand.com, we connect you with forex brokers and provide a community for traders. While we offer valuable information and resources, please note that we are not financial advisors and cannot provide personalized financial advice. Always conduct your own research and invest responsibly.

Community Guidelines: The MyTradingLand.com community is designed as a resource for forex traders, promoting respectful and constructive discussions. We reserve the right to remove any content that is misleading, abusive, or violates our terms of service.

Broker Information: While we may receive commissions or advertising income from some of the brokers listed, this does not imply an endorsement of any broker, nor does it affect our review process. Our evaluations are based solely on objective criteria and user feedback.

Always verify the regulatory status of any broker with your local financial authority, along with their terms and privacy policies, before engaging with them. It is crucial to conduct thorough research to ensure that you are making informed decisions.

Risk Warning: At MyTradingLand.com, we strive to provide accurate information; however, the forex market is highly volatile and can change rapidly. It is essential to verify any information before making investment decisions.

Please be aware that trading in forex involves substantial risk, and it is possible to lose more than your trading equity/investment capital. 70-90% of retail CFD traders incur losses in their trading activities as per information from various brokers.

You are solely responsible for your use of MyTradingLand.com and any trading decisions you make. We encourage all users to educate themselves thoroughly about forex trading and to consider seeking advice from qualified financial professionals.

Advertising Disclosure: We may earn commissions from recommended brokers, but our reviews are independent (not influenced by potential earnings). Sponsored content is clearly marked and doesn't reflect our views.

©2026 ©2025 All rights reserved Mytradingland.com