FBS vs FirewoodFX: Which One is Better for You?


FBS 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 FBS vs FirewoodFX, here is the direct comparison:

Feature
Go to FBS

Go to FirewoodFX

Rating

General Rating 3.28/5
3.32/5
Trustpilot 3.5/5

rated by 172 users
3.5/5

rated by 1 users

General Information

Office(s) China, Egypt, Indonesia, Korea (Republic of), Malaysia and Thailand Saint Vincent and Grenadines
Regulation ASIC 426359
CySEC, 331/17
IFSC (Belize), IFSC/60/230/TS/12

Established 2009 2014
Minimum Deposit $1 $10
Maximum Leverage 1:3000 1:1000
Spread Fixed Fixed
Commissions $6
Minimum Position 0.01 lot 0.01 lot
Payment Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer Credit/debit cards, FasaPay, Neteller, Perfect Money, Skrill, Tether (USDT), UnionPay and Wire transfer
Official Website Visit FBS Visit FirewoodFX

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese Chinese, English, Indonesian
Email Support
Call Support
Chat Support

Reviews

General Review Read FBS Review Read FirewoodFX Review
User Reviews

Martin

Jul 28 2020

I have a good experience with FBS. The withdrawal is super fast

A couple of days ago I placed pending order but I found it not executed correctly so it's a bit disappointing. Hope it doesn't happen again


t. morozov

Jul 28 2020

Honestly, it's been 1 year since I opened an account in FBS and I never face any significant problem. Once I got a deposit problem due to the bad quality of the proof of payment. They requested me to resend the picture and all was good after that. For me they have the best withdrawal and client support


Always Andrews

Jul 28 2020

I've tried withdrawing from my account 3 times and the total amount of withdrawal was $1500. I never run into problems. Everything's fine within 3 hours, and my trades are always executed perfectly.

Thanks FBS. Hope you can maintain your quality and keep being a trusted broker. I intend to trade for the long term after all


Da Perry Black

Jul 28 2020

Imo FBS gives the best analysis to improve my trading performance.

Also, their promotion and contests are awesome

 


Hunter

Jul 28 2020

Thank God everything's fine and I never meet any trouble trading with FBS. Every broker has their advantages and disadvantages, we just have to optimize the advantages and minimize the risk from the disadvantages.

 


Henry day

Jul 28 2020

In my experience, FBS never gives me problems even when I requested some $1000 withdrawals. The process only took 2 hours most of the time.

My deposits are also great. Every time I'm researching a potential broker, I always read their terms and conditions, their promotions' pros and cons, so that I can never be trapped by said conditions.

Always put cautions when you trade and you will be safe trading in every broker.


Agustine_hart

Jul 28 2020

This broker actually suits me so well. Their deposit, withdrawal, and verification are all smooth. 5 stars for them!!!

 


Cole57

Jul 28 2020

I'm sure everything will go well if we follow their terms accordingly. Like when we transfer funds, we should attach the proof for validation. I believe FBS is a professional broker considering their years of experience in this industry


Robert Baker

Jul 28 2020

FBS is good enough for me.. no problem so far.

Those who have problems with this broker... I never understand them. They're mostly trolls from competing brokers


Ivan Sokolov

Jul 28 2020

I trade in FBS because of their efficiency in deposit and withdrawal. Sadly, their service has worsened lately. They used to process payment in hours now they can take up to more than a day


Lia Adm

Jul 27 2020

why is it so long to get pin recovery. i never receive help from the support. I need to withdraw my money!


Teddy Wallace

Jul 27 2020

I wonder why it's so difficult to log in the personal area even after I input the right email and password smh


Graham

Jul 27 2020

I used to be an FBS client. I changed broker cz they failed my withdrawal requests. With the same trading strategy, I can be profitable and withdraw my fund in another broker.

FBS still has my respect, and I still have a plan to trade with them... maybe someday if I have disposable money. They have a good service for newbies after all.

The thing is, I hope they fix some things so clients can get better service. One instance is their PIN Recovery. It'd be better if they enable clients to click the code repeatedly, or just send it via email.

The one click policy is really bothering for most clients... and it's so unfortunate since any investment activity should not be bothered by such trivial matter.


Mason1000

Jul 27 2020

First Impression: quick account opening and instant deposit.

But when it's time to withdraw, there's an incorrect pin notification. It's weird as I never change the pin.

What's worse is I have requested pin recovery for 5 times, each request takes up to 24 hours for verification, and every one of them always results with similar email replies; none of them takes me to a certain page revealing my new pin.


Ian Thompson

Jul 27 2020

What an amazing experience I have with FBS.... Deposit went super fast. Now, what about the withdrawal? is everything still the same if I request $1000 withdrawal?


Ax_henderson

Jul 27 2020

This broker is ok for me. Account funding is good without the fixed rate, quick process, and the MT4 server is also great. It is only the withdrawal that I'm not sure about.


TradeWisely

Jul 23 2020

I don't have the slightest intention to smear their reputation, but what they did to me is just too cruel.

They did me wrong in so many things. But the most hurtful one is when they manipulate the closing price. Imagine to always got your price chopped when you're in the profit and to always have your price added when you're loss. Yes!! That's what happens to me regularly.

Just consider wisely before choosing this broker. You will find that you lost your money most of the times with this broker.


Philip Carl

Jul 23 2020

I had the worst experience trading with FBS.

I opened a Buy Stop on EU a few days ago, but the order was executed when the price moved lower. I checked it later and there was no evidence that the pair visited my Buy Stop level.

I've sent many complaints about it via email. And sadly none of them haven't been answered. Where is their responsibility????


Preeston

Jul 23 2020

I like FBS better and better every day. Their condition is one of (if not) the most accommodating for every type of traders. It really puts them in a high position among other brokers. Their cent account with leverage up to 1:1000 is a great opportunity for small traders to profit immensely.


Andrea Maxwell

Jul 23 2020

I'm one of FBS' loyal clients. I can testify that their payment process is always quick (only 1-2 hours), with low spread and responsive client support.

Their 60% deposit bonus is also very helpful as a trading credit. I manage to earn more than 500$ with the bonus.


El Major

Jul 23 2020

Not bad. I give them 7.5/10.

Just wish that they keep prioritizing their clients and not make their tricks too harmful for clients' funds.


Icarus

Jul 23 2020

why did it take so long just to make a deposit.. argh!!


Jack.presley

Jul 23 2020

Spread in my GBPUSD trades suddenly went up to 700 pips, but it benefited me since I place the trades in the correct position. But then my profits were canceled. Isn't it an obvious sign that they really manipulate the pricing?


Soren

Jul 23 2020

I almost "cheated" on my current broker to trade with FBS. What makes me avoid trading with this broker is the negative rumours spread among my trader friends. They said that getting verified in FBS is a nightmare. Also, the bonuses are mostly unwithdrawable.


Tinke Natalie

Jul 23 2020

Watch out for their bonus programs. Trading with the bonus account can disrupt your margin level. One of my clients got MC although his margin level is still 1000%. In my opinion, this kind of condition really mess up the money management. However, it's true that their withdrawal process is top-notch.


Barbera33

Jul 23 2020

A little fact about this broker, they like to increase spreads on pending orders. At times it can even reach 40 pips. I saw it with my own two eyes a couple of weeks ago in my GU trades. 

But I think it's quite normal even though some reviews have said the same thing about their "interest" to disturb GU spreads.

Speaking of withdrawal and deposit, I gotta admit that FBS is pretty good with them. They also give some traders 30% bonus for deposit to add their margin. Execution is fine and I never meet requotes


Abys Ryan

Jul 23 2020

They said withdrawals only take 1-3 hours, but the fact is I haven't got my fund in more than 2 days. Where does my money go? It's like they disappear up in the air


Didier Z

Jul 23 2020

I sometimes doubt FBS considering their bad rep among traders. Most of their reviews are negative especially concerning their SL/TP execution that result in so many loss positions.


Edwin Calahan

Jul 23 2020

A few days ago my hedging position got MC. They put back my positions only after I emailed them about it.

Just so you know, spread widening is their go-to answer for this kind of problem


Dicky Shepherd

Jul 23 2020

I'm so disappointed in FBS. They modified my SL to increase my loss and canceled my Pending Order without any reason. I later learn that my Pending Order would've been ended up with profit if it was not canceled.


Santiago

Jul 23 2020

I lost my trades two times just because of the MT4's poor performance. Their platform somehow differs from other brokers', both for the pricing and the indicator application. They failed my Stoploss so many times it makes me wonder why it seems like they don't bother to conceal their fraud at all


Nigel Peterson

Jul 23 2020

Most of the time the platform will disconnect. When it re-connects everything becomes lagging.


DominicFx

Jul 23 2020

This broker is a thief

When the market watch shows 00.00-02.00, the spread will jump and it can be up to 12 pips.

This is what makes many traders loss imo


Anders G.madsen

Jul 23 2020

Try to use an EA and u'll find many requotes and invalid prices


Marteen Khyrs

Jul 23 2020

After suffering an MC I was traumatized for two years. But then I found FBS about a year ago and I can say that their service is near perfect. The server is reliably fast and my withdrawal is accepted in less than 24 hr.

No requote in sight so far...


Alan 1156

Jul 23 2020

The most accomplished broker I know. Almost all of the necessary trading feature is here. Withdrawal via local banks is also available, n the process is super fast XD


DanyHeit

Jul 23 2020

Two thumbs up for FBS. It is one of the most recommended brokers. They have customer support like no other. They don't make excuses. During my 1.5 year experience with them, everything's still fine.


Steve Wayne

Jul 23 2020

I've tried trading here with low deposit and the service is pretty satisfying. Each problems are replied within 24 hours. I hope my withdrawal next month is also good, fast, and simple. Go FBS!


N Atika

Jul 15 2020

FBS cheated my xau/usd trade. I got MC at 1480.93 while the price on MT4 is at 1479.39...


Vladimir R.

Jul 15 2020

I'm very struck by the possibility of operating pharmaceutical actions with FBS. In these times of the Coronavirus, the health issue is in the first place, it's interesting to be able to trade the shares of pahrmaceutical companies.


Renee

Aug 14 2020

I don't know much about top-tier brokers, but as far as newbies are concerned, FirewoodFX does provide a hard-to-resist trading conditions with its fixed spread, fixed rate, low deposit, and high leverage.


FahzaMwfx

Aug 14 2020

Withdrawal or deposit anytime. It is a 24-hour service, reliable even during weekends.


Sandra Kim

Aug 14 2020

The spread is really 1 pip in normal condition. A competitive offer especially for scalpers. But I'm not quite sure about the license.


Riley McDowell

Aug 14 2020

It's quite considerable. The bonus offers are interesting enough. And they accommodate beginners' needs quite well.


Marlon67

Aug 14 2020

Good STP broker with fixed spread only from 1 pip.

No restrictions for trading condition and the slippage does not always result in loss...


Raymond Sheeran

Aug 14 2020

I found this broker while rummaging through fx forums. Their 1 pip fixed spread campaign attracted me to try their service. As a scalper, I found my match in Firewood. They do not make my trades difficult. Everything goes according to my plan.

Also, the execution is speedy. My withdrawals never run into any problems.

I think I'll commit to stay here and will try out some new features should they offer them in the coming future.

Keep doing the good job!!


Mohammed

Aug 14 2020

What a fraud. Their customer service is extremely bad. My e-mail is never responded


St Lucas

Aug 14 2020

It's a nice broker for beginners like me. The specifications really support beginners, whether it's fixed spread, free swap, or fixed rate. The response from customer service is satisfying too. I never have a bad experience withdrawing my funds in this broker. All processed instantly.


Jack Trades

Aug 14 2020

Fix rate and instant deposit and withdrawal in this broker are very attractive. The trading execution is also instant and I can still ge rebate despite the scalping strategy that I apply. What a wonderful experience I have here


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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, FBS provides their pricing with Fixed while FirewoodFX offers Fixed.



FBS 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, FBS enables trading with MetaTrader 4 (Limited with 45 days of inactivity). The offer is supported with Mobile trading, One-click trading, Trailing stop, Pending orders. In comparison, FirewoodFX provides trading with MetaTrader 4 with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.



Is FBS 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, FBS supports trading with Forex, Gold & silver, CFD, Futures, 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.

Looking for more references? Here are other comparisons related to FBS and FirewoodFX:

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