Compare IC Markets Vs FirewoodFX: Which is the Better Forex Broker in 2024?
IC 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 IC Markets Vs FirewoodFX, here is the direct comparison:
Compare | IC Markets | FirewoodFX |
General Rating |
4.02/5 |
1.00/5 |
Score | ||
Trustpilot |
4.8/5 32767 users |
3.6/5 1 users |
πΌ Regulation | ||
β Info | ||
β Established | 2007 | 2014 |
π² Min Deposit | $200 | $10 |
β Max Leverage | 1:1000 | 1:1000 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer | Wire transfer, Credit/debit cards, UnionPay, Perfect Money, FasaPay, Tether (USDT), Stellar (XLM), Binance Coin (BNB) and Crypto |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish | English, Indonesian, Chinese |
πͺ Trade Now | Open IC Markets | Open FirewoodFX |
Compare Again
Testimonials
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IC Markets: I am happy to cooperate with this broker
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IC Markets: Failed to log in...again
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IC Markets: Tough withdrawal
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IC Markets: Mediocre but okay
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IC Markets: good for backtest strategy
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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 IC Markets Testimonials
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See More FirewoodFX Testimonials
News
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Level Up Your Trading in IC Markets Global with TradingView
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IC Markets Faces Class-Action Lawsuit in Australia for Alleged Misleading Conduct
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Earn Cash While You Sleep with IC Markets Refer a Friend
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IC Markets Launches IC Shares: Invest in ASX & CBOE with Zero Fees
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Don't Miss It: Join IC Markets Webinar about Multi Time Frame Analysis
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In Collaboration with FINclear, IC Markets Introduces IC Shares
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Get USD30 from IC Markets Welcome Bonus
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Unlock Limitless Possibilities with IC Markets 10% Deposit Bonus
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IC Markets and Paysafe Partnership Stretch into LatAm Market
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See More Related IC Markets News
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See More Related FirewoodFX News
Article
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Earn Up to $150 from IC Markets Global Exclusive Redeemable Bonus
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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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Elevate Your Trade with IC Markets MT4 Advanced Tools
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Master IC Markets cTrader Platform with This Guide
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Social Trading Platforms in IC Markets You Should Know
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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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See More Related IC Markets Article
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See More Related FirewoodFX Article
Webinars
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IC Markets: Analise Top Murilo
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IC Markets: Sunday Pre-Market Analysis
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IC Markets: Using Correlation to improve your trading
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IC Markets: Mastering cTrader
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IC Markets: TradingView, 2 en 1. Trading mejorado.
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IC Markets: Sesi Analisis Carta
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IC Markets: Como Declarar Forex no Imposto de Renda - Novas Regras
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IC Markets: Indicador TοΏ½cnico RSI
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IC Markets: ??????? ??????? ?? ?????? ??? ????? ????????
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IC Markets: Analise Top Murilo
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See More Related IC Markets Webinars
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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, IC Markets provides their pricing with Variable spread while FirewoodFX offers Fixed spread.
IC 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, IC Markets enables trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal, Social Trading, ZuluTrade. 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 IC 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, IC Markets supports trading with Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices, Stock, 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 IC Markets and FirewoodFX:
- Compare IC Markets vs FxPro
- Compare IC Markets vs LiteFinance
- Compare IC Markets vs Exness
- Compare FirewoodFX vs AvaTrade
- Compare FirewoodFX vs FXTM
- Compare FirewoodFX vs Grand Capital
For more comparisons, visit this page.