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FXTM vs FirewoodFX
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FXTM currently holds a stronger overall rating (3.7) than FirewoodFX (3.3).
FXTM has a higher minimum deposit than FirewoodFX, at 200.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but FXTM has a maximum lot size of 100.0, while FirewoodFX offers 50.0.
FXTM offers a greater leverage limit of 1:3000, whereas FirewoodFX allows a maximum of only 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 200.0 | 10.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 4 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | 50.0 |
| Spread | Variable | Fixed |
| Broker type | STP, ECN, Market Maker | STP |
| Maximal leverage (1:?) | 3000 | 1000 |
| Availability | STP, ECN, Market Maker | STP |
| Regulation | FCA (UK), FSC (British Virgin Islands), FSCA (South Africa), CMA, CMA (UAE) | No Regulation |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Web Platform, Mobile Platform | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, GlobePay, Google Pay, PayRedeem, Visa, Mastercard, Maestro | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, Neteller, UnionPay, Skrill, FasaPay, Local Deposits |
| Account Currency | USD, GBP, EUR, NGN | USD |
| Languages | English, Spanish, Chinese, Thai, Arabic | English, Chinese, Indonesian, Thai |
| Country | Mauritius | Saint Vincent and the Grenadines |
| Trading platform(s) timezone | United Arab Emirates, Cyprus, Hong Kong, Mauritius, Nigeria, United Kingdom | Saint Vincent and the Grenadines |
| Other trading instruments | Stocks, Indices, Commodities, Shares, CFDs, Cryptocurrency, Precious Metals, Forex | Commodities |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
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