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FirewoodFX vs Rakuten Securities Australia
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FirewoodFX currently holds a stronger overall rating (3.3) than Rakuten Securities Australia (2).
FirewoodFX has a lower minimum deposit, at 10.0.
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 FirewoodFX has a maximum lot size of 50.0, while Rakuten Securities Australia offers 100.0.
FirewoodFX offers a greater leverage limit of 1:1000, whereas Rakuten Securities Australia allows a maximum of only 1:400.
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 ($) | 10.0 | 50.0 |
| 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 | ||
| Kontes | ||
| Decimals | 4 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 50.0 | 100.0 |
| Spread | Fixed | Fixed |
| Broker type | STP | ECN, Market Maker |
| Maximal leverage (1:?) | 1000 | 400 |
| Availability | STP | ECN, Market Maker |
| Regulation | No Regulation | ASIC (Australia) |
| Trading Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Moneybookers, Perfect Money, Neteller, UnionPay, Skrill, FasaPay, Local Deposits | Wire Transfer, Neteller, Skrill, BPay, Internal transfer, Local Deposits |
| Account Currency | USD | USD, GBP, EUR, AUD |
| Languages | English, Chinese, Indonesian, Thai | English, Japanese, Mandarin, Chinese, Korean, Romanian |
| Country | Saint Vincent and the Grenadines | Australia |
| Trading platform(s) timezone | Saint Vincent and the Grenadines | Hong Kong, Japan, Malaysia |
| Other trading instruments | Commodities | Commodities, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
