Compare LQDFX vs Coinexx
What is LQDFX? What is Coinexx?
LQDFX is a straight-through processing (STP) broker based in the Marshall Islands that offers competitive spreads, high leverage, and access to the MetaTrader 4 platform.
Coinexx is an electronic communication network (ECN) broker based in St. Vincent and the Grenadines that offers low spreads, high leverage, and access to the MetaTrader 4 and 5 platforms.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
LQDFX vs Coinexx Regulation Comparison
Neither LQDFX nor Coinexx are regulated by any reputable authority, which means they do not have to comply with any strict rules or standards regarding client protection, fund segregation, or dispute resolution. This poses a high risk for traders who may not be able to recover their funds in case of insolvency, fraud, or misconduct by the brokers.
LQDFX vs Coinexx Trading Assets Comparison
LQDFX offers a modest collection of trading assets covering currencies, metals, stocks, indices, commodities, and cryptos. Coinexx offers a wider range of trading assets including forex, commodities, indices, cryptos, and stocks.
LQDFX vs Coinexx Trading Fees Comparison
LQDFX charges a commission fee of $5 per lot on its ECN account, which has raw spreads starting from 0 pips. The other account types have no commission but higher spreads starting from 1 pip on the Micro account and 0.7 pips on the Gold account.
Coinexx charges a commission fee of $2 per lot on its ECN account, which has raw spreads starting from 0 pips. The other account types have no commission but higher spreads starting from 0.1 pips on the Standard account and 0.2 pips on the Pro account.
LQDFX vs Coinexx Account Types Comparison
LQDFX offers five account types: Micro, Gold, ECN, VIP, and Islamic. The minimum deposit ranges from $20 for the Micro account to $25,000 for the VIP account. The maximum leverage is 1:500 for all accounts except the VIP account which has 1:100 leverage.
Coinexx offers four account types: Standard, Pro, ECN, and Scalper. The minimum deposit is 0.001 BTC for all accounts. The maximum leverage is 1:500 for the Standard and Pro accounts and 1:200 for the ECN and Scalper accounts.
LQDFX vs Coinexx Deposit Options Comparison
LQDFX accepts deposits and withdrawals via credit cards, debit cards, wire transfers, Bitcoin payments, PayRedeem, and Fasapay. There are no deposit fees but withdrawal fees may apply depending on the method used.
Coinexx accepts deposits and withdrawals via Bitcoin payments and Ethereum payments only. There are no deposit or withdrawal fees charged by the broker but network fees may apply depending on the cryptocurrency used.
LQDFX vs Coinexx Trading Platforms Comparison
LQDFX only offers the MetaTrader 4 platform for desktop, web, and mobile devices. The platform supports multiple chart types, indicators, expert advisors (EAs), scripts, and automated trading. Coinexx offers both the MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. The platforms support multiple chart types, indicators, EAs, scripts, automated trading, depth of market (DOM), economic calendar, and more.
LQDFX vs Coinexx Analytical Tools Comparison
LQDFX does not offer any additional analytical tools apart from those available on the MetaTrader 4 platform. Coinexx offers a range of analytical tools such as trading signals from Trading Central (a third-party provider), market news from FXStreet (a forex news website), VPS hosting (a service that allows traders to run their EAs on a remote server), and PAMM accounts (a service that allows traders to copy the trades of experienced managers).
LQDFX vs Coinexx. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may have different advantages and disadvantages depending on your trading style, preferences, and goals. However, you can compare LQDFX and Coinexx on some key aspects and make your own decision. Here are some possible factors to consider:
- Regulation: Both LQDFX and Coinexx are unregulated offshore brokers, which means they are not subject to any oversight or supervision by any reputable authority. This poses a high risk for traders who may not be able to recover their funds in case of insolvency, fraud, or misconduct by the brokers. If you value security and peace of mind, you may want to look for a regulated broker that has a license from a well-known regulator such as the FCA, ASIC, CySEC, or NFA.
- Trading Assets: Coinexx offers a wider range of trading assets than LQDFX, covering forex, commodities, indices, cryptos, and stocks. LQDFX only offers currencies, metals, stocks, indices, commodities, and cryptos. If you want to diversify your portfolio and trade various markets, you may prefer Coinexx over LQDFX.
- Trading Fees: Coinexx has lower trading fees than LQDFX, as it charges a commission fee of $2 per lot on its ECN account, which has raw spreads starting from 0 pips. LQDFX charges a commission fee of $5 per lot on its ECN account, which has raw spreads starting from 0 pips. The other account types have no commission but higher spreads for both brokers. If you want to save on trading costs and enjoy tight spreads, you may favor Coinexx over LQDFX.
- Account Types: Coinexx has more flexible account types than LQDFX, as it has no minimum deposit requirement for any of its accounts. LQDFX has a minimum deposit ranging from $20 for the Micro account to $25,000 for the VIP account. Coinexx also offers higher leverage than LQDFX for most of its accounts. If you want to trade with low capital and high leverage, you may opt for Coinexx over LQDFX.
- Deposit and Withdrawal Options: Coinexx has more limited deposit and withdrawal options than LQDFX, as it only accepts Bitcoin payments and Ethereum payments. LQDFX accepts credit cards, debit cards, wire transfers, Bitcoin payments, PayRedeem, and Fasapay. However, Coinexx has no deposit or withdrawal fees charged by the broker but network fees may apply depending on the cryptocurrency used. LQDFX has no deposit fees but withdrawal fees may apply depending on the method used. If you want to have more payment methods and avoid withdrawal fees, you may choose LQDFX over Coinexx.
- Trading Platforms: Coinexx has more advanced trading platforms than LQDFX, as it offers both the MetaTrader 4 and MetaTrader 5 platforms for desktop, web, and mobile devices. The platforms support multiple chart types, indicators, EAs, scripts, automated trading, depth of market (DOM), economic calendar, and more. LQDFX only offers the MetaTrader 4 platform for desktop, web, and mobile devices. The platform supports multiple chart types, indicators, EAs, scripts, and automated trading. If you want to have more features and functionality on your trading platform, you may select Coinexx over LQDFX.
- Analytical Tools: Coinexx has more analytical tools than LQDFX, as it offers trading signals from Trading Central (a third-party provider), market news from FXStreet (a forex news website), VPS hosting (a service that allows traders to run their EAs on a remote server), and PAMM accounts (a service that allows traders to copy the trades of experienced managers). LQDFX does not offer any additional analytical tools apart from those available on the MetaTrader 4 platform. If you want to have more support and guidance on your trading decisions, you may pick Coinexx over LQDFX.
