Account Types

FirewoodFX provides 3 account types with 2 options of pricing format

Micro Standard Premium
Minimum Deposit USD 10 USD 10 USD 100
Minimum Trade Size 0.01 lot (100) 0.01 lot (1000) 0.1 lot (10000)
Maximum Trade Size 200 lots (2 m) 30 lots (3 m) 50 lots (5 m)
Maximum Open Position 200 positions 200 positions 200 positions
Leverage Up to 1:1000 Up to 1:1000 Up to 1:1000
Spreads From 3 Pips From 2 Pips From 1 Pip
Pricing Format 4-digits (1.2345) (.m suffix) 4-digits (1.2345) (.fw suffix)
5-digits (1.23456) (.f suffix)
4-digits (1.2345) (.fw suffix)
5-digits (1.23456) (.f suffix)
Commission None None None
Swap Yes, Islamic account available Yes, Islamic account available Yes, Islamic account available
Stop and Limit Levels 2 Pips 2 Pips 2 Pips
Stopout Level 20% 20% 20%
Hedging/EA/Scalping Allowed Allowed Allowed

Contract Specification For Standard and Premium Account

Symbol Standard Account
Spread
Premium Account
Spread
Contract Size/lot Required Margin
1:100 Leverage
Required Margin
1:1000 Leverage
Note
EURUSD 2 Pips 1 Pip 100000 1000 EUR 100 EUR
GBPUSD 3 Pips 2 Pips 100000 1000 GBP 100 GBP
USDJPY 2 Pips 1 Pip 100000 1000 USD 100 USD
USDCHF 4 Pips 3 Pips 100000 1000 USD 100 USD 2x Margin
AUDUSD 3 Pips 2 Pips 100000 1000 AUD 100 AUD
USDCAD 4 Pips 3 Pips 100000 1000 USD 100 USD
EURJPY 3 Pips 2 Pips 100000 1000 EUR 100 EUR
GBPJPY 6 Pips 5 Pips 100000 1000 GBP 100 GBP
EURGBP 4 Pips 3 Pips 100000 1000 EUR 100 EUR 2x Margin
EURCHF 4 Pips 3 Pips 100000 1000 EUR 100 EUR 10x Margin
AUDCAD 8 Pips 7 Pips 100000 1000 AUD 100 AUD
AUDCHF 8 Pips 7 Pips 100000 1000 AUD 100 AUD 10x Margin
AUDJPY 7 Pips 6 Pips 100000 1000 AUD 100 AUD
AUDNZD 16 Pips 15 Pips 100000 1000 AUD 100 AUD
CADCHF 6 Pips 5 Pips 100000 1000 CAD 100 CAD 10x Margin
CADJPY 4 Pips 3 Pips 100000 1000 CAD 100 CAD
CHFJPY 5 Pips 4 Pips 100000 1000 CHF 100 CHF 10x Margin
EURAUD 7 Pips 6 Pips 100000 1000 EUR 100 EUR 2x Margin
EURCAD 7 Pips 6 Pips 100000 1000 EUR 100 EUR 2x Margin
EURHUF 51 Pips 50 Pips 100000 1000 EUR 100 EUR 10x Margin
EURNZD 8 Pips 7 Pips 100000 1000 EUR 100 EUR 2x Margin
EURSEK 51 Pips 50 Pips 100000 1000 EUR 100 EUR 10x Margin
GBPAUD 8 Pips 7 Pips 100000 1000 GBP 100 GBP
GBPCAD 8 Pips 7 Pips 100000 1000 GBP 100 GBP
GBPCHF 7 Pips 6 Pips 100000 1000 GBP 100 GBP 10x Margin
GBPNZD 26 Pips 25 Pips 100000 1000 GBP 100 GBP
NZDCAD 8 Pips 7 Pips 100000 1000 NZD 100 NZD
NZDCHF 8 Pips 7 Pips 100000 1000 NZD 100 NZD Close Only
NZDJPY 7 Pips 6 Pips 100000 1000 NZD 100 NZD
NZDUSD 4 Pips 3 Pips 100000 1000 NZD 100 NZD
USDNOK 51 Pips 50 Pips 100000 1000 USD 100 USD 10x Margin
USDSEK 51 Pips 50 Pips 100000 1000 USD 100 USD 10x Margin
XAGUSD USD 0.051 USD 0.05 1000 OZ 1000*XAGUSD Rate*1% 1000*XAGUSD Rate*1%
XAUUSD USD 0.51 USD 0.5 100 OZ 100*XAUUSD Rate*10% 100*XAUUSD Rate*1%

Contract Specification For Micro Account

SymbolMicro Account
Spread
Contract Size/lotRequired Margin
1:100 Leverage
Required Margin
1:1000 Leverage
Note
EURUSD 3 Pips 10000 100 EUR 10 EUR  
GBPUSD 4 Pips 10000 100 GBP 10 GBP  
USDJPY 3 Pips 10000 100 USD 10 USD  
USDCHF 5 Pips 10000 100 USD 10 USD 10x Margin
AUDUSD 4 Pips 10000 100 AUD 10 AUD  
USDCAD 5 Pips 10000 100 USD 10 USD  
EURJPY 4 Pips 10000 100 EUR 10 EUR  
GBPJPY 7 Pips 10000 100 GBP 10 GBP  
EURGBP 5 Pips 10000 100 EUR 10 EUR 2x Margin
EURCHF 5 Pips 10000 100 EUR 10 EUR 10x Margin
CHFJPY 6 Pips 10000 100 CHF 10 CHF 10x Margin
AUDJPY 8 Pips 10000 100 AUD 10 AUD  
EURCAD 8 Pips 10000 100 EUR 10 EUR 2x Margin
GBPAUD 9 Pips 10000 100 GBP 10 GBP  
NZDUSD 5 Pips 10000 100 NZD 10 NZD  
CADJPY 5 Pips 10000 100 CAD 10 CAD  
XAUUSD USD 0.6 10 OZ 10*XAUUSD Rate*10% 10*XAUUSD Rate*1%  
XAGUSD USD 0.06 100 OZ 100*XAGUSD Rate*1% 100*XAGUSD Rate*1%  

Note :

Although the spreads are fixed, during low-liquidity period (Example: News releases, Major economic events, etc), slippage may occur. Having open positions and pending orders (Stop/Limit Orders,SL/TP) during scheduled economic event are discouraged.

High Risk trading strategies involving toxic flow, High Frequency Trading, Arbitrage, and/or Latency trading are discouraged and need to be communicated to the company.


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