Account Types

FirewoodFX provides 5 account types with 2 options of pricing format

CentMicroStandardPremiumECN
Minimum DepositUSD 10USD 10USD 10USD 10USD 200
Base CurrencyUSC (1 USD=100 USC)USD
Contract Size per 1 lotUSC 100,000USD 10,000USD 100,000USD 100,000USD 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 Size0.01 lot (1000)0.01 lot (100)0.01 lot (1000)0.01 lot (1000)0.01 lot (1000)
Maximum Open Position200 positions
LeverageUp to 1:3000Up to 1:1000
SpreadsFloating
from 1 Pip
Fix
from 3 Pips
Fix
from 2 Pips
Floating
from 0.3 Pip
Floating
from 0 Pip
Pricing Format5-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)
CommissionNone$7/lot
SwapYes, Islamic account available
Stop and Limit Levels2 Pips
Stopout Level20%

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)

* For USD quoted pairs (EURUSD, GBPUSD, etc)