Compare OANDA Vs FirewoodFX: Which is the Better Forex Broker in 2024?
OANDA 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 OANDA Vs FirewoodFX, here is the direct comparison:
Compare | OANDA | FirewoodFX |
General Rating |
3.11/5 |
1.00/5 |
Score | ||
Trustpilot |
3.6/5 544 users |
3.6/5 1 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 2014 |
π² Min Deposit | $0 | $10 |
β Max Leverage | 1:20 | 1:1000 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | -$50/Mil commission for Core pricing | |
π‘ Min Position | 0.00001 lot | 0.01 lot |
π³ Payment | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | 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 | ||
Silver | ||
Index | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | English | English, Indonesian, Chinese |
πͺ Trade Now | Open OANDA | Open FirewoodFX |
Compare Again
Testimonials
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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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 OANDA Testimonials
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See More FirewoodFX Testimonials
News
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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OANDA Acquired Crypto Exchange Coinpass
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CySEC Exposed OANDA TMS Clone Website
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Rafal Slon Joins OANDA as Managing Director for Australia
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OANDA Japan Raised Margin Rate of AUD/JPY
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OANDA Adds CFDs Selection with New US and UK Stocks
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OANDA Starts Offering CFDs for UK and US Stocks
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OANDA Successfully Sponsored Traders Fair Thailand 2023
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OANDA and Standard Chartered Partnerships Grows Stronger
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See More Related OANDA News
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See More Related FirewoodFX News
Article
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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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Guide to Choose the Best OANDA Platform
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See More Related OANDA Article
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See More Related FirewoodFX Article
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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, OANDA provides their pricing with Fixed spread while FirewoodFX offers Fixed spread.
OANDA 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, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. The offer is supported with . In comparison, FirewoodFX provides trading with MetaTrader 4 with the support of One-click trading, Trailing stop, Pending orders.
Is OANDA 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, OANDA supports trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf, 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 OANDA and FirewoodFX:
- Compare OANDA vs Forex4You
- Compare OANDA vs Pepperstone
- Compare OANDA vs ThinkMarkets
- Compare FirewoodFX vs FXOpen
- Compare FirewoodFX vs FP Markets
- Compare FirewoodFX vs Blueberry Markets
For more comparisons, visit this page.