Advertisement
FirewoodFX vs IQ Option
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FirewoodFX currently holds a lower overall rating (3.3) compared to IQ Option (4.3).
Both brokers have the same minimum deposit of 10.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
FirewoodFX offers a minimum lot size of 0.01 and a maximum lot size of 50.0, while IQ Option offers 1.0 and 20000.0.
FirewoodFX offers a greater leverage limit of 1:1000, whereas IQ Option allows a maximum of only 1:500.
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.
|
|
||
|---|---|---|
|
Overall Rating:
Platform:
Pricing:
Customer service:
Features:
|
|
|
| Minimum deposit ($) | 10.0 | 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 | 4 | 5 |
| Minimum lot size | 0.01 | 1.0 |
| Maximum lot size | 50.0 | 20000.0 |
| Spread | Fixed | Variable |
| Broker type | STP | Dealing Desk |
| Maximal leverage (1:?) | 1000 | 500 |
| Availability | STP | Dealing Desk |
| Regulation | No Regulation | CySEC (Cyprus) |
| Trading Platforms | MetaTrader 4 (MT4) | Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, Neteller, UnionPay, Skrill, FasaPay, Local Deposits | Wire Transfer, Credit Card, Debit Card, Check, Online Check, WebMoney, cashU, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, WeChat Pay, iDeal, Sofort Banking |
| Account Currency | USD | USD, GBP, EUR, ZAR, RUB |
| Languages | English, Chinese, Indonesian, Thai | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Chinese, Bangla, Polish, Indonesian, Thai, Arabic, Vietnamese, Dutch, Swedish, Urdu, Hindi, Czech, Latvian, Romanian |
| Country | Saint Vincent and the Grenadines | Antigua and Barbuda |
| Trading platform(s) timezone | Saint Vincent and the Grenadines | Antigua and Barbuda |
| Other trading instruments | Commodities | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
