Welcome to FirewoodFX, where you can begin your forex trading journey with a $50 Welcome Bonus! This bonus is designed to let you explore the world of forex trading with zero risk, allowing you to trade in a real environment and even withdraw any profits you make. The best part? You don’t need to make a deposit to get started. This exciting promotion is available to all new traders who open an account using the FirewoodFX Mobile App.
How to Get the Bonus
To claim your $50 Welcome Bonus, follow these simple steps:
- Download and Install the FirewoodFX Mobile App: Begin by downloading and installing our user-friendly mobile app.
- Open an Account: Next, open an account and choose the “Bonus” account type.
- Verify Your Account: We’ll need to verify your account for eligibility. Simply provide the necessary identification documents.
- Receive Your Bonus: Once your account verification is approved and your account is eligible, the $50 bonus will be credited to your account.
Link here : https://www.firewoodfx.com/welcome-bonus
Terms and Conditions
Here are some important terms and conditions to keep in mind:
- Your bonus account will start with a balance of USD 50.
- This Welcome Bonus is available to new clients.
- Bonus accounts will have FirewoodFX ECN pricing, with a maximum lot per order of 0.01 and a maximum of 5 open positions.
- Expert Advisors (EAs) are not available on bonus accounts.
- You can withdraw your profits within 60 days after the bonus is credited, but there are specific conditions to meet:
- Closing 2 eligible lots.
- Having 4 Welcome Bonus Clients with trading volume.
- Only trades closed more than 5 pips (or less than -5 pips) are eligible for lot calculation, except for XAU, where it will be equal to USD 5. This calculation applies only to Forex and Gold symbols.
- The maximum withdrawal amount is USD 50, and your KYC documents must be verified for withdrawal requests.
- Bonus accounts will be terminated 60 days after the bonus is credited, and trading and withdrawal will no longer be available.
- If there are no closed transactions after 5 days, the bonus account will be terminated.
- Partners will not receive rebates from bonus accounts.
- If a deposit is made to a bonus account, the existing equity will be transferred into “credit” and considered a “deposit bonus” under the Deposit Bonus Promotion terms.
- Once the account is funded with funds other than the bonus, selfie verification is no longer required, and withdrawal restrictions are removed.
- Bonuses transferred to credit can be withdrawn to cash after closing a certain trading volume, following the Deposit Bonus Promotion terms.
- Deposits made to a bonus account are also eligible for the Deposit Bonus Promotion.
- FirewoodFX reserves the right to reject or terminate bonus claims if there is any suspicion of abuse or lack of good faith.
- Clients can cancel the bonus at any time, but it cannot be reinstated.
- FirewoodFX may reject bonus applications at any time without prior notification.
- FirewoodFX may cancel a client’s bonus at any time without prior notification.
- Any situation not described in these rules is subject to FirewoodFX’s decision.
- FirewoodFX reserves the right to change, update, or cancel this promotion with notification in the Company news.
- This promotion ends on August 31, 2023. Accounts registered after that date will not be eligible for the bonus.
FAQs
Q1: Can I trade with the $50 Welcome Bonus without making a deposit? A1: Yes, you can start trading with the $50 Welcome Bonus without making any deposit.
Q2: How can I withdraw my profits from the bonus account? A2: To withdraw your profits, you need to meet specific conditions, such as closing 2 eligible lots and having 4 Welcome Bonus Clients with trading volume.
Q3: Can I use Expert Advisors (EAs) on the bonus account? A3: EAs are unavailable on bonus accounts.
Q4: When does the bonus account get terminated? A4: The bonus account is terminated 60 days after the bonus is credited. If there are no closed transactions after 5 days, it will also be terminated.
Q5: Can I cancel the bonus if I change my mind? A5: Yes, you can cancel the bonus at any time, but it cannot be reinstated.
Q6: Is the bonus available for existing clients? A6: No, the Welcome Bonus is only eligible for new clients.
Q7: How do I verify my account for the bonus? A7: You can verify your account by providing the necessary identification documents as requested.
Q8: Can I use the bonus for trading with any currency pairs? A8: The bonus is eligible for trading with Forex and Gold symbols.
Q9: What happens if I make a deposit to the bonus account? A9: If you make a deposit to the bonus account, the existing equity will be transferred into “credit” and considered a “deposit bonus” under the Deposit Bonus Promotion terms.
Q10: When does this promotion end? A10: This promotion ends on August 31, 2023. Accounts registered after that date will not be eligible for the bonus.
