Compare Amega vs LQDFX
What is Amega? What is LQDFX?
Amega is a forex broker that offers commission-free trading on forex and CFDs, with a variety of account types, platforms, and instruments. Amega claims to have no trading restrictions, no requotes, and instant cashback. Amega is not regulated by any major financial authority.
LQDFX is a forex broker that offers STP (straight through processing) execution, with low spreads, no deposit fees, and a range of account types, platforms, and instruments. LQDFX also offers a loyalty cashback program and a deposit bonus. LQDFX is not regulated by any major financial authority.
Amega vs LQDFX Regulation Comparison
Neither Amega nor LQDFX are regulated by any major financial authority, such as ASIC, FCA, CySEC, or NFA. This means that they do not have to comply with the strict rules and standards that these regulators impose on brokers, such as client fund protection, segregation of accounts, fair execution, and dispute resolution. Trading with unregulated brokers carries a high level of risk, as there is no guarantee of the safety and security of your funds or the quality of the services provided.
Amega vs LQDFX Trading Assets Comparison
Both Amega and LQDFX offer a wide range of trading assets, including forex, indices, commodities, metals, cryptos, and stocks. However, the number and variety of assets may differ depending on the account type and platform chosen. For example, Amega offers 71 forex pairs, 11 indices, 4 commodities, 13 cryptos, and 37 stocks on its MT5 platform, while LQDFX offers the same number of forex pairs and indices, but only 4 commodities, 13 cryptos, and 37 stocks on its MT4 platform.
Amega vs LQDFX Trading Fees Comparison
Both Amega and LQDFX charge no commission fees on their standard account types (Micro and Gold), but charge commission fees on their ECN account types ($3.50 per lot for Amega and $3.50 per $100k for LQDFX). The spreads vary depending on the account type and market conditions, but generally Amega offers lower spreads than LQDFX on its ECN account (from 0.1 pips vs from 0.7 pips), while LQDFX offers lower spreads than Amega on its standard account (from 0.7 pips vs from 1 pip). Both brokers also charge swap fees for holding positions overnight.
Amega vs LQDFX Account Types Comparison
Both Amega and LQDFX offer a variety of account types to suit different trading styles and preferences.
Amega offers five account types: Micro, Standard STP/ECN/Scalper/Mini/Classic/SwapFree/Zero Spread/Premium/Platinum/Black/Elite. LQDFX offers four account types: Micro/Gold/ECN/VIP/Islamic.
The main differences between the account types are the minimum deposit requirement, the leverage ratio, the spread type (fixed or variable), the commission fee (if any), and the available instruments.
Amega vs LQDFX Deposit Options Comparison
Both Amega and LQDFX offer a range of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, Perfect Money), cryptocurrencies (such as Bitcoin), and local payment methods (such as FasaPay).
However, the availability and processing time of these options may vary depending on the country of residence and the currency of choice. Both brokers do not charge any deposit fees or withdrawal fees for most methods.
Amega vs LQDFX Trading Platforms Comparison
Both Amega and LQDFX offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These are popular and user-friendly platforms that support multiple order types, charting tools, indicators, automated trading systems (EAs), and social trading features (MQL5).
However, only Amega offers cTrader as an alternative platform for ECN trading. cTrader is a modern and advanced platform that provides fast execution, depth of market (DOM), detachable charts, cloud-based algorithms (cBots), and social trading features (cTrader Copy).
Amega vs LQDFX Analytical Tools Comparison
Both Amega and LQDFX provide some analytical tools to help traders with their market analysis and decision making. These include economic calendars, market news, trading signals, technical analysis, and educational materials. However, the quality and quantity of these tools may vary depending on the platform and account type chosen. For example, LQDFX offers Trading Central as a premium service for its VIP account holders. Trading Central is a leading provider of technical analysis, market commentary, and trading strategies.
Amega vs LQDFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading goals, preferences and risk appetite. There is no definitive answer as to which broker is better, as each broker has its own strengths and weaknesses. As such, you should always do your own research and due diligence before choosing a forex broker. You should also be aware of the risks associated with forex trading, as it is a highly leveraged and volatile market. You should only trade with money that you can accept to lose.
