Compare FIBO Group vs LQDFX
What is FIBO Group? What is LQDFX?
FIBO Group is an international financial holding company that has been operating since 1998. It offers forex and CFD trading on various instruments, such as currencies, metals, commodities, indices and cryptocurrencies. It has offices in Europe, Central and East Asia. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission of the British Virgin Islands (FSC BVI).
LQDFX is a global STP forex broker that was founded in 2015. It offers forex and CFD trading on various instruments, such as currencies, metals, commodities, indices, cryptocurrencies and stocks. It uses the MetaTrader 4 platform for trading. It is not regulated by any authority, but claims to follow the best practices of the industry. It has a registered address in the Marshall Islands.
FIBO Group vs LQDFX Regulation Comparison
Here is a list of the main differences between FIBO Group and LQDFX in terms of regulation:
- FIBO Group is regulated by two authorities: the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission of the British Virgin Islands (FSC BVI). LQDFX is not regulated by any authority.
- FIBO Group’s clients are protected by the Investor Compensation Scheme up to €20,000 per client in case of the broker’s insolvency. LQDFX’s clients do not have any such protection.
- FIBO Group’s license numbers are 118/10 for CySEC and SIBA/L/14/1063 for FSC BVI. LQDFX does not have any license number.
FIBO Group vs LQDFX Trading Assets Comparison
| Broker | Forex Pairs | Metals | Commodities | Indices | Cryptocurrencies | Stocks |
|---|---|---|---|---|---|---|
| FIBO Group | 60+ | 4 (Gold, Silver, Platinum, Palladium) | 10 (Oil, Gas, Coffee, Sugar, etc.) | 15 (US30, SP500, NAS100, etc.) | 7 (Bitcoin, Ethereum, Litecoin, etc.) | No |
| LQDFX | 71 | 5 (Gold, Silver, Platinum, Palladium, Copper) | 11 (Oil, Gas, Coffee, Sugar, etc.) | 12 (US30, SP500, NAS100, etc.) | 5 (Bitcoin, Ethereum, Litecoin, etc.) | 150+ |
FIBO Group vs LQDFX Trading Fees Comparison
| Broker | Commission | Spreads | Swaps |
|---|---|---|---|
| FIBO Group | No commission on MT4 accounts; $6 per lot on MT5 accounts; $20 per million on cTrader accounts | Variable spreads starting from 0 pips on MT4 NDD accounts; fixed spreads starting from 2 pips on MT4 Fixed accounts; variable spreads starting from 0.3 pips on MT5 NDD accounts; variable spreads starting from -0.2 pips on cTrader NDD accounts | Swaps are charged or credited according to the current rates; swap-free accounts are available for Islamic clients |
| LQDFX | No commission on Micro, Gold and ECN accounts; $5 per lot on VIP accounts; $3.5 per lot on Islamic accounts | Variable spreads starting from 1 pip on Micro accounts; variable spreads starting from 0.7 pips on Gold accounts; variable spreads starting from 0 pips on ECN accounts; variable spreads starting from 0 pips on VIP accounts; variable spreads starting from 1 pip on Islamic accounts | Swaps are charged or credited according to the current rates; swap-free accounts are available for Islamic clients |
FIBO Group vs LQDFX Account Types Comparison
| Broker | Account Types | Minimum Deposit | Maximum Leverage |
|---|---|---|---|
| FIBO Group | MT4 Fixed ($300), MT4 NDD ($300), MT4 NDD No Commission ($300), MT5 NDD ($500), cTrader NDD ($100) | $100-$500 depending on the account type | Up to 1:1000 depending on the account type and instrument |
| LQDFX | Micro ($20), Gold ($500), ECN ($500), VIP ($25,000), Islamic ($20) | $20-$25,000 depending on the account type | Up to 1:500 depending on the account type and instrument |
FIBO Group vs LQDFX Deposit Options Comparison
| Broker | Deposit Methods | Withdrawal Methods |
|---|---|---|
| FIBO Group | Bank Wire, Credit/Debit Card, Skrill, Neteller, WebMoney, FasaPay, Bitcoin, CashU, Qiwi, Perfect Money | Bank Wire, Credit/Debit Card, Skrill, Neteller, WebMoney, FasaPay, Bitcoin, CashU, Qiwi, Perfect Money |
| LQDFX | Bank Wire, Credit/Debit Card, Skrill, Neteller, FasaPay, Bitcoin | Bank Wire, Credit/Debit Card, Skrill, Neteller, FasaPay, Bitcoin |
FIBO Group vs LQDFX Trading Platforms Comparison
FIBO Group offers three trading platforms: MetaTrader 4, MetaTrader 5 and cTrader. LQDFX only offers MetaTrader 4.
FIBO Group’s MetaTrader 5 platform has more instruments, order types, timeframes and analytical tools than LQDFX’s MetaTrader 4 platform.
FIBO Group’s cTrader platform has features such as depth of market, one-click trading and algorithmic trading that LQDFX’s MetaTrader 4 platform does not have.
FIBO Group vs LQDFX Analytical Tools Comparison
FIBO Group offers three analytical tools: Economic Calendar, Forex News Feed and Market Analysis. LQDFX only offers two analytical tools: Economic Calendar and Trading Tools.
FIBO Group’s Forex News Feed provides the latest news and updates from the forex market. LQDFX does not have a similar tool.
FIBO Group’s Market Analysis provides daily and weekly analysis of the major currency pairs and market trends. LQDFX does not have a similar tool.
LQDFX’s Trading Tools provides various calculators for margin, pip value, profit and swap. FIBO Group does not have a similar tool.
FIBO Group vs LQDFX. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose. It depends on your personal preference, trading style, risk appetite, budget and goals. However, there are a few factors you can consider:
- Regulation: If you value security and protection, you may prefer FIBO Group as it is regulated by two authorities and offers an investor compensation scheme. If you are not concerned about regulation, you may opt for LQDFX as it claims to follow the best practices of the industry.
- Trading Assets: If you want to trade a variety of instruments, you may prefer LQDFX as it offers more forex pairs, cryptocurrencies and stocks than FIBO Group. If you are mainly interested in forex and CFDs, you may opt for FIBO Group as it offers a sufficient range of instruments.
- Trading Fees: If you want to save on trading costs, you may prefer FIBO Group as it offers lower or no commissions on some of its accounts and platforms. If you are willing to pay higher commissions for tighter spreads, you may opt for LQDFX as it offers lower spreads on some of its accounts.
- Account Types: If you want to have more options and flexibility in choosing your account type, you may prefer FIBO Group as it offers five different account types with different platforms, features and conditions. If you want to have a simpler and more straightforward account selection, you may opt for LQDFX as it offers five similar account types with the same platform.
- Trading Platforms: If you want to have more choices and features in your trading platform, you may prefer FIBO Group as it offers three different platforms: MetaTrader 4, MetaTrader 5 and cTrader. If you want to stick to the most popular and widely used platform, you may opt for LQDFX as it only offers MetaTrader 4.
- Analytical Tools: If you want to have more access and insight into the forex market and its trends, you may prefer FIBO Group as it offers three analytical tools: Economic Calendar, Forex News Feed and Market Analysis. If you want to have more calculators and tools for your trading decisions, you may opt for LQDFX as it offers two analytical tools: Economic Calendar and Trading Tools.
Ultimately, the best way to decide which forex broker is better or which one you should choose is to try them out yourself. You can open a demo account with both brokers and test their services and features before opening a live account. You can also read reviews and feedback from other traders who have used both brokers and learn from their experiences.
