Change in Pricing Format for Micro Accounts from 4-Digit to 5-Digit
Posted at 06 March 2023 / Categories FirewoodFX Company News
Dear Valued Clients,
We would like to inform you that FirewoodFX will be changing the pricing format for Micro Accounts from 4-digit to 5-digit, effective from March 06, 2023. This change will also apply to old accounts, which will be automatically updated to the new 5-digit format. Please note that this change will not affect any open positions or trading strategies that you currently have.
The benefits of using a 5-digit pricing format include:
-
Better price granularity: The additional digit provides a more precise and accurate representation of market prices, enabling clients to better analyze market movements and make more informed trading decisions.
-
Improved liquidity: The additional digit provides a more accurate representation of market depth, allowing for greater liquidity and faster execution of trades.
We understand that this change may require some adjustments in the way you analyze and execute trades, but we believe that the benefits of using a 5-digit pricing format far outweigh any temporary inconveniences. We are committed to ensuring a smooth transition for all our clients and will be available to answer any questions or concerns you may have.
Thank you for choosing FirewoodFX as your trusted forex broker. We remain committed to providing you with the best trading experience possible.
Sincerely,
The FirewoodFX Team