FirewoodFX provides 5 account types with 2 options of pricing format
Cent
Micro
Standard
Premium
ECN
Minimum Deposit
USD 10
USD 10
USD 10
USD 10
USD 200
Base Currency
USC (1 USD=100 USC)
USD
Contract Size per 1 lot
USC 100,000
USD 10,000
USD 100,000
USD 100,000
USD 100,000
Value 1 lot per pip / per point*
USC 10 per pip / USC 1 per point
USD 1 per pip / USD 0.1 per point
USD 10 per pip / USD 1 per point
USD 10 per pip / USD 1 per point
USD 10 per pip / USD 1 per point
Minimum Trade Size
0.01 cent lot (1,000)
0.01 micro lot (100)
0.01 lot (1,000)
0.01 lot (1,000)
0.01 lot (1,000)
Maximum Trade Size
100 cent lot (100,000)
200 micro lot (200,000)
30 lot (3,000,000)
50 lot (5,000,000)
50 lot (5,000,000)
Maximum Open Position
200 positions
Leverage
Up to 1:3000
Spreads
Floating from 1 Pip
Fix from 3 Pips
Fix from 2 Pips
Floating from 0.3 Pip
Floating from 0 Pip
Pricing Format
5-digits (1.23456) (.c suffix)
5-digits (1.23456) (.m suffix)
4-digits (1.2345) (.fw suffix)
5-digits (1.23456) (.f suffix)
5-digits (1.23456) (.e suffix)
5-digits (1.23456) (No suffix)
Commission
None
$7/lot
Swap
Yes, Islamic account available
Stop and Limit Levels
2 Pips
Stopout Level
20%
Note: Although the spreads are fixed, during low-liquidity period (Example: News releases, Major economic events, Asia Session, 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.
Additional execution spread will be applied during End of Day / Rollover period (at 16.50 - 18.00 EST*)
21:50-23:00 server time during DST / Winter Time (around November - March)
20:50-22:00 server time during DST-off / Summer Time (around March - Nov)
