FirewoodFX's newest account type is the Micro Account. With a smaller per-pip value, traders can be more flexible with their money management and trading strategies. However, there are many other benefits to this Micro Account besides trading flexibility.
The small contract size per lot of 10,000 units is the main advantage of the FirewoodFX micro account type. This figure is quite significant when compared to Standard and Premium accounts (100000 units). With a smaller contract size, the pip size for 0.01 lots is only 1 cent. Traders will be more flexible in carrying out money management and trading strategies with this small pip value. The micro account type is perfect for novice traders to adapt to market conditions as well as the trading platform before opening a standard account.
FirewoodFX Micro Account Details
- Minimum deposit: 10 USD.
- Minimum lots: 0.01 micro lots.
- Maximum Trade Size: 200 lots.
- Leverage: up to 1:1000.
- Spreads: from 3 pips.
- There is a Swap Free option available.
Apart from the small lot size, the FirewoodFX Micro Account has another advantage, namely the fixed exchange rate of Rp. 10,000/USD. With this fixed rate, traders don't need to hesitate anymore when they want to make a withdrawal. Traders do not need to worry about fluctuations in currency values because the exchange rate on the Firewood Micro Account will remain Rp 10,000 = 1 USD.
Interested in opening a FirewoodFX Micro Account and enjoying all the perks? If you are a FirewoodFX client, simply login to the FirewoodFX Client Cabinet and the "Add New Account" option. For new clients, open an account here. For more information about the types of broker accounts that have been established since 2014, visit the FirewoodFX website or contact the broker's support. By opening a real FirewoodFX micro account, you can also get Deposit Bonuses and Trading Rewards .