Compare IC Markets vs LQDFX
What is IC Markets? What is LQDFX?
IC Markets is a forex and CFD trading platform founded in 2007 and based in Australia. LQDFX is also a forex and CFD trading platform, founded in 2015 and based in the Marshall Islands.
IC Markets vs LQDFX Overall Comparison
In terms of overall comparison, both IC Markets and LQDFX offer users a range of trading instruments, dependable trading platforms, and excellent customer support. However, they differ in their regulatory oversight, fees, account types, trading conditions, and available analytical tools and educational resources.
IC Markets vs LQDFX Regulation Comparison
IC Markets is well-regulated by several top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA). On the other hand, LQDFX is not regulated by any tier-1 regulatory authority, but it claims to be registered with the FSA in the Marshall Islands.
IC Markets vs LQDFX Trading Assets Comparison
Regarding trading assets, both platforms offer a wide range of forex pairs, indices, commodities, stocks, and cryptocurrencies. IC Markets offers more than 230 instruments, while LQDFX offers over 70 instruments.
IC Markets vs LQDFX Trading Fees Comparison
When it comes to fees, IC Markets charges lower spreads and commissions than LQDFX, making it a more cost-effective choice for traders. However, LQDFX offers zero commissions for some account types, making it more attractive for some traders.
IC Markets vs LQDFX Account Types Comparison
IC Markets offers three account types – Standard, Raw Spread, and cTrader – with different pricing structures and features, while LQDFX offers four account types – Micro, Gold, ECN, and VIP – with varying conditions and cost structures.
IC Markets vs LQDFX Trading Conditions Comparison
Trading conditions on IC Markets are more favorable than LQDFX, with lower spreads and higher leverage ratios available. However, LQDFX allows the use of expert advisors (EAs) and scalping, which are not allowed on IC Markets.
IC Markets vs LQDFX Deposit Options Comparison
Both platforms offer a range of deposit and withdrawal options, including bank transfers, credit/debit cards, and electronic payment systems. However, IC Markets offers a broader selection of deposit/withdrawal methods, including Skrill, Neteller, PayPal, and other options not available on LQDFX.
IC Markets vs LQDFX Trading Platforms Comparison
IC Markets offers a range of trading platforms for traders, including the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms. LQDFX, on the other hand, only offers the MT4 platform.
IC Markets vs LQDFX Analytical Tools Comparison
IC Markets offers more analytical tools to traders, such as AutoChartist, Trading Central, and VPS hosting services, while LQDFX primarily offers only basic charting tools.
IC Markets vs LQDFX Educational Resources Comparison
Regarding educational resources, both platforms offer access to a range of educational materials, including videos, eBooks, webinars, and trading guides, but IC Markets offers more educational resources than LQDFX.
Which offers better pricing – IC Markets or LQDFX
In terms of pricing, IC Markets offers better pricing than LQDFX overall, with lower spreads and commissions.
Which broker offers more security when trading Forex and CFDs?
Both IC Markets and LQDFX have some level of security when trading Forex and CFDs. IC Markets is regulated by top-tier financial authorities like ASIC, FSA, and CySEC, while LQDFX is not regulated by any tier-1 regulatory authority but claims to be registered with the FSA in the Marshall Islands. However, IC Markets provides better security as it is regulated by more top-tier financial authorities than LQDFX.
Which broker offers the superior trading platform?
IC Markets and LQDFX both offer industry-standard trading platforms, with IC Markets offering a choice of MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms, while LQDFX only offers the MT4 platform. Ultimately, the best trading platform depends on the trader’s preference.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader. IC Markets offers both MT4 and MT5, while LQDFX only offers MT4.
How many Forex pairs can you expect from these brokers?
IC Markets offers over 230 Forex pairs, while LQDFX offers over 70 Forex pairs.
Is it safe to trade with IC Markets?
Yes, it is safe to trade with IC Markets. It is well-regulated by reputable financial authorities, and it has a strong reputation for providing quality service and security to its users.
Is it safe to trade with LQDFX?
LQDFX is not regulated by any top-tier financial authority as mentioned earlier, and the lack of regulatory oversight may be concerning for some traders. However, there are no notable instances of security breaches or fraudulent behavior associated with LQDFX that have been reported.
Is IC Markets a good broker?
Yes, IC Markets is a good broker, with a proven track record of providing reliable and efficient Forex and CFD trading services to clients worldwide. It has a wide range of trading instruments and features, including access to multiple trading platforms, low-cost trading conditions, and excellent customer support.
Is LQDFX a good broker?
LQDFX is a relatively new broker, having been established in 2015. While it offers a range of trading instruments and features, the lack of top-tier regulatory oversight may be a concern for some traders. However, there are no notable instances of fraudulent behavior or security breaches associated with LQDFX that have been reported, and some traders may find its lower costs and account type options appealing. Ultimately, the suitability of LQDFX as a broker depends on the trader’s individual needs and preferences.
IC Markets vs LQDFX. Which forex broker is better? Which forex broker should you choose?
Deciding which forex broker is better between IC Markets and LQDFX ultimately depends on your individual trading needs and preferences. Here are some factors to consider that may help you make a decision:
- Regulation: IC Markets is well-regulated by several top-tier financial authorities like ASIC, FSA, and CySEC, while LQDFX is not regulated by any tier-1 regulatory authority but claims to be registered with the FSA in the Marshall Islands. If regulatory oversight is important to you, IC Markets may be a better choice.
- Trading Costs: IC Markets offers better pricing overall than LQDFX, with lower spreads and commissions. However, LQDFX offers zero commissions for some account types, which may make it more attractive for traders who prioritize low costs.
- Trading Platforms: IC Markets offers a range of trading platforms, including MT4, MT5, and cTrader, while LQDFX only offers the MT4 platform. If platform variety is important to you, IC Markets may be a better choice.
- Trading Conditions: IC Markets offers better trading conditions overall, with lower spreads and higher leverage ratios available. However, LQDFX allows the use of expert advisors (EAs) and scalping, which are not allowed on IC Markets.
- Trading Instrument Availability: IC Markets offers over 230 Forex pairs, while LQDFX offers over 70 Forex pairs. If you need access to a broader range of trading instruments, IC Markets may be a better choice.
- Educational Resources and Analytical Tools: IC Markets offers more educational resources and analytical tools than LQDFX, making it a better choice if you prioritize access to educational materials and analytical tools.
Ultimately, you should consider your trading needs and prioritize the factors that matter most to you when making a decision between IC Markets and LQDFX.
