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FXTF , FirewoodFX Broker Comparison
Do you want to know which is the better broker between FXTF and FirewoodFX ?
In the table below, you can compare the features of FXTF , 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
8.38
Regulated
Under guarantee
--
15-20 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
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
--
FXTF 、 FirewoodFX BrokerRelated News
FXTF 、 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 fxtf 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
fxtf
FXTF Information | |
| Founded | 2006 |
| Registered Country/Region | Japan |
| Regulation | FSA |
| Market Instruments | Cryptocurrency CFDs, Commodity CFDs, option, Forex |
| Account Type | Individual Account, Corporate Account |
| Trading Platform | MT4 trading system, GX trading system |
| Customer Support | Phone: 0120-445-435 |
| Email: support@fxtrade.co.jp | |
FXTF Information
FXTF, founded in 2006, is a brokerage registered in Japan. The trading instruments it provides cover cryptocurrency CFDs, commodity CFDs, option, forex. It is regulated by Japan.
Pros and Cons
| Pros | Cons |
| Regulated | No commission information |
| Wide range of trading instruments | No clear information about accounts |
| 2 types of trading systems | Limited account types offered |
| Low spreads | No Islamic account |
Is FXTF Legit?
FXTF is regulated by FSA in Japan. Its current status is regulated.
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
| Japan | FSA | ゴールデンウェイ・ジャパン株式会社 | Retail Forex License | 関東財務局長（金商）第258号 | Regulated |
What Can I Trade on FXTF?
FXTF offers traders cryptocurrency CFDs, commodity CFDs, option, forex to trade.
| Tradable Instruments | Supported |
| Cryptocurrency CFDs | ✔ |
| Commodity CFDs | ✔ |
| Option | ✔ |
| Forex | ✔ |
| Stocks | ❌ |
| Metals | ❌ |
| Indices | ❌ |
| Futures | ❌ |
Account Types
FXTF offers 2 different types of accounts to traders - Individual Account, Corporate Account. But there is no more information about accounts.
Trading Platform
FXTF's trading platforms are MT4 trading system, GX trading system, which support traders on PC, Mac, iPhone and Android.
| Trading Platform | Supported | Available Devices |
| MT4 Margin WebTrader | ✔ | Web, Mobile |
| GX trading system | ✔ | Web, Mobile |
| MT5 | ❌ |
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 fxtf 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 fxtf and firewoodfx are, we first considered common fees for standard accounts. On fxtf, the average spread for the EUR/USD currency pair is -- pips, while on firewoodfx the spread is from 1.
Which broker between fxtf, 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.
fxtf is regulated by FSA. firewoodfx is regulated by --.
Which broker between fxtf, 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.
fxtf provides the -- platform with products like --; firewoodfx offers the Cent,Pro platform featuring assets including --.
