Orbex vs FirewoodFX: Which One is Better for You?


Orbex 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 Orbex vs FirewoodFX, here is the direct comparison:

Feature
Go to Orbex

Go to FirewoodFX

Rating

General Rating 3.61/5
3.32/5
Trustpilot 2.8/5

rated by 7 users
3.5/5

rated by 1 users

General Information

Office(s) Cyprus and Kuwait Saint Vincent and Grenadines
Regulation Banque de France, 73762
CNMV (Spain) 2894
CONSOB (Italy), 3148
CySEC, 124/10
FCA (UK), 553071
ESMA

Established 2009 2014
Minimum Deposit $200 $10
Maximum Leverage 1:500 1:1000
Spread Variable Fixed
Commissions $5
Minimum Position 0.1 lot 0.01 lot
Payment Credit/debit cards, FasaPay, Neteller, Skrill, WebMoney and Wire transfer Credit/debit cards, FasaPay, Perfect Money, Tether (USDT), UnionPay and Wire transfer
Official Website Visit Orbex 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, Chinese, English, German, Indonesian, Italian, Japanese, Persian, Polish, Russian, Spanish, Urdu Chinese, English, Indonesian
Email Support
Call Support
Chat Support

Reviews

General Review Read Orbex Review Read FirewoodFX Review
User Reviews

Rocky Hasan

Sep 13 2020

One of the best broker. Good charts, good representatives, good spreads, good execution, great tools to facilitate trading. As a whole awesome. New broker, but great service. Hope this broker remains like this always.


Moonirman

Sep 12 2020

I am using this broker for few month and earning profit consistently. Never faced single problem with the execution. Trading environment is much good rather than other CYSEC regulated broker. Their support team is very much helpful. Overall I am happy with this broker.


Birushp

Sep 10 2020

Very good broker, fast execution, no slippage.


Rachid Harri

Sep 9 2020

Professional broker and available all the time, effective market analysis, personalized support, my account manager Mr Nizar ARIOUA is real pro, kind and available, thank you to the entire Orbex team.


Clement Marshall

Sep 8 2020

Good spreads. As a part time trader I want the lowest transaction costs. This broker provides exactly that and with a fast and reliable withdrawal service. I trade here and with 2 other brokers.


stche78

Sep 7 2020

I have been using ORBEX for around 2 years. So far, it has been good. Deposit is instant and withdrawal is within 24 hours. Moreover, there are no fees associated with deposit and withdrawl. Spreads for major pairs such as EURUSD are acceptable. During volatile times, it will widen which is the norm for all brokers. Overall, ORBEX is an honest and reliable broker.


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


Start Trading

Open Real Account Open Orbex Real Account Open FirewoodFX Real Account




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, Orbex provides their pricing with Variable while FirewoodFX offers Fixed.



Orbex 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, Orbex enables trading with MetaTrader 4 (Limited with 30 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 Orbex 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, Orbex supports trading with Forex, Gold & silver, CFD, Oil, Futures, 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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