Compare FxPrimus vs LQDFX
What is FxPrimus? What is LQDFX?
FxPrimus is a forex broker that was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) of South Africa, and the Vanuatu Financial Services Commission (VFSC). FxPrimus offers over 120 trading instruments, including forex, metals, indices, commodities, energies, and cryptocurrencies. FxPrimus also provides various educational resources, market analysis, and trading tools for its clients.
LQDFX is a forex broker that was established in 2015 and is registered in the Marshall Islands. LQDFX offers over 70 trading instruments, including forex, metals, indices, commodities, and cryptocurrencies. LQDFX also provides various account types, trading platforms, and payment methods for its clients.
FxPrimus vs LQDFX Regulation Comparison
FxPrimus is regulated by three reputable authorities: CySEC, FSCA, and VFSC. These regulators ensure that FxPrimus complies with the rules and standards of the financial industry, such as maintaining adequate capital, segregating client funds, providing fair and transparent services, and protecting client interests. FxPrimus also offers a negative balance protection policy, which means that clients cannot lose more than their initial deposit.
LQDFX is not regulated by any authority. This means that LQDFX does not have to follow any regulatory requirements or obligations, such as keeping client funds in segregated accounts, submitting regular reports, or undergoing audits. LQDFX also does not offer a negative balance protection policy, which means that clients can lose more than their initial deposit if the market moves against them.
FxPrimus vs LQDFX Trading Assets Comparison
FxPrimus offers a wider range of trading assets than LQDFX. FxPrimus has over 120 trading instruments, including 40 currency pairs, 10 metals, 26 indices, 3 commodities, 6 energies, and 36 cryptocurrencies. FxPrimus also offers exotic currency pairs, such as USD/ZAR, USD/TRY, USD/MXN, and USD/RUB.
LQDFX offers a smaller range of trading assets than FxPrimus. LQDFX has over 70 trading instruments, including 48 currency pairs, 4 metals, 11 indices, 2 commodities, and 7 cryptocurrencies. LQDFX does not offer exotic currency pairs or energies.
FxPrimus vs LQDFX Trading Fees Comparison
FxPrimus charges different trading fees depending on the account type and the trading instrument. FxPrimus has four account types: Variable Spread Account (VSA), ECN Premium Account (EPA), VIP Account (VIA), and Platinum API Account (PAA). The VSA has no commission but higher spreads; the EPA has lower spreads but a commission of $10 per lot; the VIA has lower spreads and a commission of $5 per lot; and the PAA has the lowest spreads and a commission of $4 per lot. The average spread for EUR/USD on FxPrimus is 0.4 pips on the PAA account.
LQDFX charges different trading fees depending on the account type and the trading instrument. LQDFX has five account types: Micro Account (MA), Gold Account (GA), ECN Account (EA), VIP Account (VA), and Islamic Account (IA). The MA has no commission but higher spreads; the GA has lower spreads but a commission of $3.5 per lot; the EA has lower spreads but a commission of $3.5 per lot; the VA has lower spreads but a commission of $2.5 per lot; and the IA has no commission but higher spreads. The average spread for EUR/USD on LQDFX is 0.7 pips on the VA account.
FxPrimus vs LQDFX Account Types Comparison
FxPrimus offers four account types: VSA, EPA, VIA, and PAA. The minimum deposit for each account type is $1000 for VSA and EPA; $10,000 for VIA; and $50,000 for PAA. The maximum leverage for each account type is 1:1000 for VSA and EPA; 1:500 for VIA; and 1:200 for PAA. The minimum trade size for each account type is 0.01 lot for VSA, EPA, and VIA; and 0.1 lot for PAA.
LQDFX offers five account types: MA, GA, EA, VA, and IA. The minimum deposit for each account type is $20 for MA; $500 for GA; $500 for EA; $25,000 for VA; and $20 for IA. The maximum leverage for each account type is 1:500 for MA, GA, EA, and IA; and 1:300 for VA. The minimum trade size for each account type is 0.01 lot for all accounts.
FxPrimus vs LQDFX Deposit Options Comparison
FxPrimus offers various deposit and withdrawal options for its clients. FxPrimus accepts credit/debit cards, bank wire transfers, e-wallets (such as Skrill, Neteller, ecoPayz, etc.), and cryptocurrencies (such as Bitcoin, Ethereum, Litecoin, etc.). FxPrimus does not charge any deposit or withdrawal fees, but some third-party providers may apply their own fees. FxPrimus processes deposits instantly or within 24 hours, depending on the method. FxPrimus processes withdrawals within 24 hours or up to 5 business days, depending on the method.
LQDFX offers various deposit and withdrawal options for its clients. LQDFX accepts credit/debit cards, bank wire transfers, e-wallets (such as Skrill, Neteller, FasaPay, etc.), and cryptocurrencies (such as Bitcoin). LQDFX does not charge any deposit or withdrawal fees, but some third-party providers may apply their own fees. LQDFX processes deposits instantly or within 24 hours, depending on the method. LQDFX processes withdrawals within 24 hours or up to 10 business days, depending on the method.
FxPrimus vs LQDFX Trading Platforms Comparison
FxPrimus offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 and MT5 are popular and user-friendly platforms that support multiple devices (such as desktops, web browsers, smartphones, and tablets), multiple languages, multiple order types, multiple charting tools, multiple indicators, multiple trading signals, multiple automated trading strategies (such as Expert Advisors), and multiple market analysis tools. FxPrimus also provides a proprietary platform called Primus WebTrader that allows clients to access their accounts and trade from any web browser without downloading any software.
LQDFX offers one trading platform: MetaTrader 4 (MT4). MT4 is a popular and user-friendly platform that supports multiple devices (such as desktops, web browsers, smartphones, and tablets), multiple languages, multiple order types, multiple charting tools, multiple indicators, multiple trading signals, multiple automated trading strategies (such as Expert Advisors), and multiple market analysis tools.
FxPrimus vs LQDFX Analytical Tools Comparison
FxPrimus offers various analytical tools to help its clients make informed trading decisions. FxPrimus provides daily market analysis videos that cover the latest market trends and opportunities. FxPrimus also provides daily market outlook reports that provide technical and fundamental analysis of the major currency pairs. FxPrimus also provides an economic calendar that shows the upcoming economic events and their potential impact on the market. FxPrimus also provides a trading calculator that helps clients calculate their margin requirements, profit/loss scenarios, pip values, swap rates, and commission fees.
LQDFX offers some analytical tools to help its clients make informed trading decisions. LQDFX provides an economic calendar that shows the upcoming economic events and their potential impact on the market. LQDFX also provides a trading calculator that helps clients calculate their margin requirements, profit/loss scenarios, pip values, swap rates, and commission fees.
FxPrimus vs LQDFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. However, here are some factors that you may want to consider:
- Regulation: FxPrimus is regulated by three reputable authorities, while LQDFX is not regulated by any authority. This means that FxPrimus has to follow higher standards of security, transparency, and accountability than LQDFX. FxPrimus also offers a negative balance protection policy, which means that you cannot lose more than your initial deposit. LQDFX does not offer this policy, which means that you can lose more than your initial deposit if the market moves against you. If you value safety and reliability, you may prefer FxPrimus over LQDFX.
- Trading Assets: FxPrimus offers a wider range of trading assets than LQDFX. FxPrimus has over 120 trading instruments, including exotic currency pairs and energies, while LQDFX has over 70 trading instruments, excluding exotic currency pairs and energies. If you want more diversity and flexibility in your trading portfolio, you may prefer FxPrimus over LQDFX.
- Trading Fees: FxPrimus and LQDFX charge different trading fees depending on the account type and the trading instrument. FxPrimus has four account types, while LQDFX has five account types. The average spread for EUR/USD on FxPrimus is 0.4 pips on the Platinum API Account (PAA), while the average spread for EUR/USD on LQDFX is 0.7 pips on the VIP Account (VA). The commission fees vary from $4 to $10 per lot on FxPrimus, and from $2.5 to $3.5 per lot on LQDFX. If you want lower trading costs and better execution, you may prefer FxPrimus over LQDFX.
- Account Types: FxPrimus and LQDFX offer different account types with different features and requirements. FxPrimus has higher minimum deposits and lower maximum leverages than LQDFX. FxPrimus also has higher minimum trade sizes for the PAA account than LQDFX. If you want lower entry barriers and higher leverage ratios, you may prefer LQDFX over FxPrimus.
- Deposit and Withdrawal Options: FxPrimus and LQDFX offer various deposit and withdrawal options for their clients. FxPrimus accepts more cryptocurrencies than LQDFX, while LQDFX accepts more e-wallets than FxPrimus. FxPrimus does not charge any deposit or withdrawal fees, while LQDFX may charge some fees depending on the method. FxPrimus processes deposits and withdrawals faster than LQDFX in most cases. If you want more convenience and speed in your transactions, you may prefer FxPrimus over LQDFX.
- Trading Platforms: FxPrimus offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LQDFX offers one trading platform: MT4. MT4 and MT5 are popular and user-friendly platforms that support multiple features and functions for traders. FxPrimus also offers a proprietary platform called Primus WebTrader that allows clients to trade from any web browser without downloading any software. If you want more options and accessibility in your trading platforms, you may prefer FxPrimus over LQDFX.
- Analytical Tools: FxPrimus offers more analytical tools than LQDFX to help its clients make informed trading decisions. FxPrimus provides daily market analysis videos and reports that cover the latest market trends and opportunities. FxPrimus also provides an economic calendar and a trading calculator that show the upcoming economic events and their potential impact on the market, as well as help clients calculate their trading costs and scenarios. If you want more guidance and support in your trading journey, you may prefer FxPrimus over LQDFX.
Ultimately, the choice between FxPrimus and LQDFX depends on your personal preferences, trading goals, and risk appetite. You may want to test both brokers with a demo account before opening a live account with either one of them. You may also want to read some reviews from other traders who have used both brokers to get their feedback and insights.
