Compare LQDFX vs EagleFX
What is LQDFX? What is EagleFX?
LQDFX is a straight-through processing (STP) broker based in the Marshall Islands. The offshore trading firm offers competitive spreads from 0.0 pips, free deposits, 24/5 support and access to the hugely popular MetaTrader 4 platform. LQDFX also runs a competitive bonus program with welcome incentives.
EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for global traders.
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 EagleFX Regulation Comparison
Neither LQDFX nor EagleFX are regulated by any reputable financial authority. Both brokers are based in offshore jurisdictions (Marshall Islands and Dominica respectively) that have weak or no regulatory oversight. This means that traders have little or no protection in case of disputes, fraud or insolvency. Trading with unregulated brokers carries a high level of risk and is not recommended.
LQDFX vs EagleFX Trading Assets Comparison
Both LQDFX and EagleFX offer a range of trading instruments, including forex, CFDs, indices, commodities and cryptocurrencies. However, EagleFX has a slightly larger selection of assets, especially in the crypto market, where it offers over 30 pairs. LQDFX, on the other hand, has only 5 crypto pairs available.
LQDFX vs EagleFX Trading Fees Comparison
Both LQDFX and EagleFX have competitive trading fees, with tight spreads and low commissions. LQDFX offers five account types, each with different spreads and commissions. The Micro account has no commission but higher spreads, while the ECN account has the lowest spreads from 0 pips but charges $3.5 per lot per side. The other accounts have varying fees depending on the deposit amount and trading volume.
EagleFX has only one account type, which has raw ECN spreads from 0 pips and charges $6 per round turn. This means that traders pay the same fee regardless of their deposit size or trading activity.
LQDFX vs EagleFX 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 leverage also varies from 1:300 for the Micro account to 1:100 for the VIP account. All accounts have negative balance protection and access to the MT4 platform.
EagleFX has only one account type, which has a minimum deposit of $10 and a maximum leverage of 1:500. The account has no negative balance protection but offers market execution and no restrictions on trading strategies. The account also supports Bitcoin funding and same-day withdrawals.
LQDFX vs EagleFX Deposit Options Comparison
LQDFX supports various payment methods, including credit cards, debit cards, wire transfer, PayRedeem and Bitcoin payments. The broker does not charge any deposit or withdrawal fees, except for wire transfers which incur a $40 fee for withdrawals below $5000. The processing time for deposits is instant for most methods, except for wire transfers which can take up to 5 business days. Withdrawals are processed within one business day.
EagleFX also supports credit cards, debit cards, wire transfer, PayPal and Bitcoin payments. The broker does not charge any deposit or withdrawal fees either, except for wire transfers which incur a $25 fee regardless of the amount. The processing time for deposits is instant for most methods, except for wire transfers which can take up to 3 business days. Withdrawals are processed within 30 minutes for most methods, except for wire transfers which can take up to 2 business days.
LQDFX vs EagleFX Trading Platforms Comparison
Both LQDFX and EagleFX use the MetaTrader 4 platform as their main trading platform. MT4 is a popular and reliable platform that offers advanced charting tools, technical indicators, automated trading with Expert Advisors (EAs), one-click trading and more. Both brokers also provide mobile apps for iOS and Android devices that allow traders to access their accounts and trade on the go.
LQDFX vs EagleFX Analytical Tools Comparison
Both LQDFX and EagleFX provide some basic analytical tools on their websites, such as economic calendars, market news and trading calculators. However, neither broker offers any advanced tools such as Autochartist, Trading Central, eSignal or TradingView. Traders who want to use these tools will have to find them elsewhere or integrate them with their MT4 platform.
LQDFX vs EagleFX. 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 broker is better, as each one has its own strengths and weaknesses. However, here are some possible factors that you may want to consider:
- Regulation: If you value security and protection, you may want to avoid trading with unregulated brokers like LQDFX and EagleFX. Unregulated brokers are not subject to any rules or standards, and they may not segregate client funds, offer compensation schemes or handle complaints properly. Trading with unregulated brokers carries a high level of risk and is not recommended .
- Trading Assets: If you want to diversify your portfolio and trade a variety of instruments, you may prefer EagleFX over LQDFX. EagleFX offers more than 200 trading assets, including over 30 cryptocurrency pairs. LQDFX, on the other hand, has only around 70 trading assets, including 5 cryptocurrency pairs .
- Trading Fees: If you want to save on trading costs and enjoy tight spreads and low commissions, you may find both LQDFX and EagleFX attractive. Both brokers have competitive trading fees, with raw ECN spreads from 0 pips and commissions as low as $3.5 per lot per side (LQDFX ECN account) or $6 per round turn (EagleFX standard account).
- Account Types: If you want to have more flexibility and options in choosing an account type that suits your needs and preferences, you may like LQDFX better than EagleFX. LQDFX offers five account types, each with different minimum deposits, leverage, spreads and commissions. EagleFX has only one account type, which has a low minimum deposit of $10 but no other variations.
- Deposit and Withdrawal Options: If you want to have more convenience and speed in funding and withdrawing your money, you may favor EagleFX over LQDFX. EagleFX supports various payment methods, including credit cards, debit cards, wire transfer, PayPal and Bitcoin payments. The broker does not charge any deposit or withdrawal fees (except for wire transfers) and processes withdrawals within 30 minutes for most methods. LQDFX also supports various payment methods, but it charges a $40 fee for wire transfers below $5000 and takes longer to process withdrawals (up to one business day).
- Trading Platforms: If you want to use a reliable and popular trading platform that offers advanced features and tools, you may be satisfied with both LQDFX and EagleFX. Both brokers use the MetaTrader 4 platform as their main trading platform. MT4 is a widely used platform that offers advanced charting tools, technical indicators, automated trading with Expert Advisors (EAs), one-click trading and more .
- Analytical Tools: If you want to access more advanced analytical tools that can help you with your trading decisions and strategies, you may be disappointed with both LQDFX and EagleFX. Neither broker offers any advanced tools such as Autochartist, Trading Central, eSignal or TradingView. You will have to find these tools elsewhere or integrate them with your MT4 platform .
