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.

A
@arthur_wildberry - 11 months ago

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 - 3 days ago

Yes, it is I have used it before.