Broker Firewood has just launched a new type of account, namely the micro account. Previously, brokers headquartered in St. Vincent and the Grenadines offered only standard and premium account types.
As we know, micro accounts are perfect for novice traders who want to start learning with small investments and risks. Micro accounts are also a great choice for experienced traders who need flexibility in their strategies. Micro accounts can also be used by novice traders as a transition from a demo account before trying a real (standard) account. This can help traders familiarize themselves with real market conditions.
FirewoodFX micro account contract specifications :
- Minimum deposit: 10 USD
- Minimum lots: 0.01 micro lots
- Maximum Trade Size: 200 lots
- Leverage: up to 1:1000
- Spreads: from 3 pips
Apart from that, FirewoodFX also provides swap free options and allows hedging, scalping, and the use of an EA for all types of accounts, including micro accounts.
FirewoodFX is a broker founded in 2014 that focuses on the Asian market, including Indonesia. By providing services in the form of an Indonesian-language website and working with local exchangers, it certainly makes it easy for traders from Indonesia. Not only that, FirewoodFX also sets a fixed exchange rate of Rp. 10,000/USD for deposits and withdrawals.
If you want to just try the latest FirewoodFX account type, open a demo account with a micro account type to sample the broker's facilities. You can also open a real FirewoodFX microtype account and receive a deposit bonus and trading reward tailored to you.
FirewoodFX is a broker that provides fixed spreads and fixed exchange rates. Apart from that, this broker offers leverage of up to 1:1000, a minimum deposit of $10, and bonus programs to boost traders' earnings.