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.