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Easy Forex , FirewoodFX Broker Comparison
Do you want to know which is the better broker between Easy Forex and FirewoodFX ?
In the table below, you can compare the features of Easy Forex , FirewoodFX side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
6.53
Regulated
Under guarantee
--
15-20 years
CYSEC
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
2.26
Not Regulated
Under guarantee
--
5-10 years
--
Bank Transfer,Mastercard. Visa,China Unionpay,Neteller,Skrill,Perfect Money,FasaPay,Vietnam Exchanger,Thailand Exchanger,Indonesia Exchanger,PerfectMoney,OKPAY
B
B
532.1
280
281
280
1997
1903
1997
A
EURUSD: 0.2
XAUUSD: 0.2
3
1
3
A
12 USD/Lot
19.37 USD/Lot
C
Long: -10
Short: 2.56
Long: -72.13
Short: 26.22
C
1
24.7
Cent,Pro
--
USD 1
1:3000
from 1
20.00
Floating
0.01
--
Easy Forex 、 FirewoodFX BrokerRelated News
Easy Forex 、 FirewoodFX BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do easyforex and firewoodfx have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
easyforex
| Easy Forex Review Summary | |
| Founded | 2001 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC (Regulated) |
| Market Instruments | Forex, precious metals, commodities, indices, cryptocurrencies and shares |
| Demo Account | ❌ |
| Leverage | Up to 1:400 |
| EUR/USD Spread | From 1.7 pips (Standard account) |
| Trading Platform | easyMarkets, MT4, MT5 |
| Minimum Deposit | $25 |
| Customer Support | 24/5 live chat |
| Email: support@easymarkets.com | |
| Regional Restrictions | The United States of America, Israel, British Columbia, Manitoba, Quebec, Ontario and Afghanistan, Belarus, Burundi, Cambodia, Chad, Comoros, Congo, Cuba, Democratic Republic of the Congo, Equatorial Guinea, Fiji, Haiti, Iran, Iraq, Kosovo, Libya, Mozambique, Myanmar, Nicaragua, North Korea, Palau, Panama, Russian Federation, Seychelles, Somalia, South Sudan, Sudan, Syria, Turkmenistan, Venezuela, Yemen, Anguilla, Mali, Trinidad and Tobago and Vanuatu |
Easy Forex Information
Easy Forex is a regulated broker, offering trading on forex, precious metals, commodities, indices, cryptocurrencies and shares with leverage up to 1:400 and EUR/USD spread from 1.7 pips on MT4 and MT5 trading platforms. The minimum deposit amount is $25.
Pros and Cons
| Pros | Cons |
| MT4 and MT5 platforms | Wide spreads |
| Regulated well | No demo accounts |
| Long operation time | Regional restrictions |
| 24/5 live chat support | |
| Low minimum deposit | |
| No commission fees charged | |
| Popular payment options |
Is Easy Forex Legit?
Yes. Easy Forex is licensed by CYSEC to offer services.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Easy Forex Trading Ltd | Market Maker (MM) | 079/07 |
What Can I Trade on Easy Forex?
Easy Forex offers trading on forex, precious metals, commodities, indices, cryptocurrencies and shares.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are three account types Easy Forex offers:
| Account Type | Minimum Deposit |
| VIP | $10,000 |
| Standard | $25 |
| MT5 | $25 |
Leverage
| Account Type | Maximum Leverage |
| VIP | 1:400 |
| Standard | |
| MT5 | 1:2000 |
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.
Easy Forex Fees
| Account Type | EUR/USD Spread |
| VIP | From 0.7 pips |
| Standard | From 1.7 pips |
| MT5 | From 0.7 pips |
More details can be found via https://www.easymarkets.com/syc/en-my/trade/forex-spreads/
Easy Forex requires no commission fees.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| easyMarkets | ✔ | Android & iOS, web | / |
| MT4 | ✔ | Desktop | Beginners |
| MT5 | ✔ | Desktop, mobile | Experienced traders |
Deposit and Withdrawal
Easy Forex accepts payments via credit/debit cards, online banking, eWallet, bank wire transfer and crypto currency.
For withdrawals to credit/debit cards and eWallets, there is no minimum withdrawal amount. For withdrawals to bank accounts, a minimum amount of USD 50 is required.
Deposit/Withdrawal Options
| Deposit Options | Fees | Processing Time |
 | 0 | Instant |
 | ||
 | up to 24 hours | |
 | up to 1 hour | |
 | 1 working day once payment is made to Local Exchanger | |
 | 1 working day | |
 | ||
 | ||
 | up to 3 hours |
firewoodfx
| Firewood FX Review Summary | |
| Founded | 2014 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, Gold, Cryptos, Oil, etc. |
| Demo Account | ✅ |
| Leverage | Up to 1:3000 |
| Spread | From 2 pips (Standard account) |
| Trading Platform | MT4 |
| Min Deposit | $10 |
| Customer Support | Live chat, contact form |
| Tel: +442036083558 | |
| Email: support@firewoodfx.com | |
| Address: Suite 305, Griffith Corporate Centre, Beachmont. St. Vincent and the Grenadines | |
| Regional Restrictions | The United States, North Korea, Iraq, Iran, Saint Lucia and Saint Vincent and the Grenadines |
Based in Saint Vincent and the Grenadines, FirewoodFX is an unregulated forex broker that was established in 2014. FirewoodFX provides various financial products to trade via the MT4 platform, including Forex, Gold, Cryptos, Oil and more. Demo accounts are available and the minimum deposit requirement to open a live account is only $10.
Pros and Cons
| Pros | Cons |
| Various trading options | Unregulated |
| Demo accounts | Regional restrictions |
| Cent account offered | |
| Multiple account types | |
| Commission-freefor most accounts | |
| Low minimum deposit | |
| Multiple payment options | |
| Live chat support |
Is FirewoodFX Legit?
No, FirewoodFX is not regulated by any reputable financial body. Please be aware of the risk!
What Can I Trade on FirewoodFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Gold | ✔ |
| Cryptos | ✔ |
| Oil | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
FirewoodFX offers five accounts to choose from, including Cent, Micro,Standard, Premium and ECN accounts. Besides, it also sets up demo accounts for traders to practice trading with virtual credit. Islamic swap free accounts are available.
| Account Type | Min Deposit | Max Trade Size | Min Trade Size |
| Cent | $10 | 100 cent lot (100,000) | 0.01 cent lot (1,000) |
| Micro | 200 micro lot (200,000) | 0.01 micro lot (100) | |
| Standard | 30 lot (3,000,000) | 0.01 lot (1,000) | |
| Premium | 50 lot (3,000,000) | ||
| ECN | $200 |
Leverage
FirewoodFX provides leverage up to 1:3000 for Cent account and up to 1:1000 for other accounts. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
| Account Type | Max Leverage |
| Cent | 1:3000 |
| Micro | 1:1000 |
| Standard | |
| Premium | |
| ECN |
Spread and Commission
FirewoodFX offers different spreads for different accounts. The broker charged $7/lot for ECN account and commission-free on other accounts.
| Account Type | Spread | Commission |
| Cent | Floating from 1 pip | ❌ |
| Micro | Fixing from 3 pips | ❌ |
| Standard | Fixing from 2 pips | ❌ |
| Premium | Floating from 0.3 pip | ❌ |
| ECN | Floating from 0 pips | $7/lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, PC, Mac, mobile and tablet | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
| Payment Options | Accepted Currencies | Min Deposit | Fees | Processing Time |
| Bank Transfer | USD | $100 | Bank fees may apply | 24 hours |
| QRIS | IDR | IDR 100,000 | ❌ | Few minutes |
| Internet Banking (Indonesian Local Bank) | $10 | |||
| Virtual Account (E-Wallet) | ||||
| USD Tether TRC20/BEP20 | USTD | $1 | ||
| USD Coin BEP20 | ||||
| IDRX BEP20 | IDRX | |||
| Credit Card | USD | $50 | $0.5+ 5% | Instant deposit |
| Perfect Money | $1 | ❌ | ||
| Fasapay | USD, IDR | |||
| Thai QR Payment | THB | $10 | Few minutes |
Do easyforex and firewoodfx have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive easyforex and firewoodfx are, we first considered common fees for standard accounts. On easyforex, the average spread for the EUR/USD currency pair is -- pips, while on firewoodfx the spread is from 1.
Which broker between easyforex, firewoodfx is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
easyforex is regulated by CYSEC. firewoodfx is regulated by --.
Which broker between easyforex, firewoodfx provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
easyforex provides the -- platform with products like --; firewoodfx offers the Cent,Pro platform featuring assets including --.
Looking for more references? The following are other comparisons related to easyforex, firewoodfx:
easyforex vs hirose-financial easyforex vs bux-markets easyforex vs yuanta-futures easyforex vs directrader easyforex vs anzo-capital easyforex vs vpfx firewoodfx vs hirose-financial firewoodfx vs bux-markets firewoodfx vs yuanta-futures firewoodfx vs directrader firewoodfx vs anzo-capital firewoodfx vs vpfx
