Compare VT Markets Vs FirewoodFX: Which is the Better Forex Broker in 2024?
VT Markets Vs FirewoodFX, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between VT Markets Vs FirewoodFX, here is the direct comparison:
Feature | VT Markets | FirewoodFX |
General Rating |
1.00/5 |
1.00/5 |
|
Score | 56 | 53 | |
Trustpilot |
3.8/5 532 users |
3.6/5 1 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2015 | 2014 | |
💲 Min Deposit | $200 | $10 | |
⚖ Max Leverage | 1:500 | 1:1000 | |
🔢 Spread | Fixed | Fixed | |
💸 Commissions | $6 | ||
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Crypto, Credit/debit cards, Ethereum, FasaPay, Neteller, UnionPay and Wire transfer | Wire transfer, Credit/debit cards, UnionPay, Perfect Money, FasaPay, Tether (USDT), Stellar (XLM), Binance Coin (BNB) and Crypto | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Chinese, English, French, German, Indonesian, Italian, Malay, Portuguese, Spanish, Thai, Turkish, Vietnamese | English, Indonesian, Chinese |
🚪 Trade Now | Open VT Markets | Open FirewoodFX |
Testimonials
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FirewoodFX: Very good, but slippage can be better
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FirewoodFX: Best low spread broker
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FirewoodFX: Everything is top notch
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FirewoodFX: They frustate me!!
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FirewoodFX: Instant execution!
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See More FirewoodFX Testimonials
News
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VT Markets King of the Hill: A Soaring Success Story
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VT Markets Forex Broker Becomes Member of the Financial Commission
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VT Markets Sets the Stage for Future ESG Initiatives With Achievements
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VT Markets Appoints Styliana Charalambous as EMEA Market Analyst
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Southeast Asian Traders Lead on VT Markets Trading Contest
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VT Markets Expands CSR Efforts to Make a Greater Impact on Society
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VT Markets Announces its Partnership with TradingView
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Successfully Expanding SEA, VT Markets Throws a Lavish Gala
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FirewoodFX Launched PAMM Service
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FirewoodFX Ranks First as Best Broker in Southern Asia 2015
Articles
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FirewoodFX Mobile App for Trading on the Go
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Guide to FirewoodFX Deposit and Withdrawal
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How to Open Account in FirewoodFX
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Get 88% Deposit Bonus with FirewoodFX
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The Ultimate Guide to FirewoodFX $50 Welcome Bonus
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FirewoodFX Forexcopy: An Easy Way to Copy Successful Traders
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FirewoodFX Micro Account: A Low-Risk Way to Trade Forex
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Trade for Free with FirewoodFX $50 No Deposit Bonus
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, VT Markets provides their pricing with Fixed spread while FirewoodFX offers Fixed spread.
VT Markets vs FirewoodFX: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, VT Markets enables trading with MetaTrader 4, MetaTrader 5. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, FirewoodFX provides trading with MetaTrader 4 with the support of One-click trading, Trailing stop, Pending orders.
Is VT Markets or FirewoodFX better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, VT Markets supports trading with Forex, Gold & silver, Stocks, Indexes, while FirewoodFX presents the ability of trading with Forex, Gold & silver.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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