Compare SimpleFX Vs FirewoodFX: Which is the Better Forex Broker in 2024?
SimpleFX 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 SimpleFX Vs FirewoodFX, here is the direct comparison:
Compare | SimpleFX | FirewoodFX |
General Rating |
1.00/5 |
1.00/5 |
Score | ||
Trustpilot |
3.5/5 39 users |
3.6/5 1 users |
πΌ Regulation | ||
β Info | ||
β Established | 2014 | 2014 |
π² Min Deposit | $1 | $10 |
β Max Leverage | 1:500 | 1:1000 |
π’ Spread | Variable | Fixed |
πΈ Commissions | ||
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Skrill, Neteller, FasaPay, Crypto, Litecoin, Dash, Ethereum, Monero, Crypto Cash, Zcash, Ethereum Classic, Tether (USDT), Dogecoin, Tron, USD Coin (USDC), Dai (DAI), EOS.IO, Binance Coin and Ripple | 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 | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ Website Languages | Arabic, English, Spanish, French, Hindi, Indonesian, Italian, Japanese, Korean, Malay, Dutch, Portuguese, Romanian, Russian, Thai, Turkish, Vietnamese, Chinese | English, Indonesian, Chinese |
πͺ Trade Now | Open SimpleFX | Open FirewoodFX |
Compare Again
Testimonials
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SimpleFX: Competitive spreads, most efficient cryptocurrency payments. The mobile app is...
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SimpleFX: Platform makes everything easy. They offer the lowest transfer fees available....
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SimpleFX: I like this trading platform, there is no minimum deposit...
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SimpleFX: Great for beginners. Still learning so much about Forex and...
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SimpleFX: Nice intuitive app. No delays and low latency. Spreads from...
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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 SimpleFX Testimonials
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See More FirewoodFX Testimonials
News
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SimpleFX Offers TRON and BNB Coins
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FirewoodFX Launched PAMM Service
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FirewoodFX Ranks First as Best Broker in Southern Asia 2015
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FirewoodFX, MFX Will Adjust Margin On Greek Drama
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FirewoodFX Honored Broker with the Best STP in South East Asia
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See More Related SimpleFX 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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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, SimpleFX provides their pricing with Variable spread while FirewoodFX offers Fixed spread.
SimpleFX 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, SimpleFX enables trading with MetaTrader 4, Mobile Trading Platform, WebTrader. 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 SimpleFX 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, SimpleFX supports trading with Forex, Gold & silver, CFD, Oil, Energies, Crypto, 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 SimpleFX and FirewoodFX:
- Compare SimpleFX vs FIBOGroup
- Compare SimpleFX vs XM
- Compare SimpleFX vs easyMarkets
- Compare FirewoodFX vs ADSS
- Compare FirewoodFX vs MTrading
- Compare FirewoodFX vs Tickmill
For more comparisons, visit this page.