Compare LQDFX vs Eightcap
What is LQDFX? What is Eightcap?
LQDFX is a global award-winning STP forex broker that offers over 70 currency pairs, metals, commodities, indices, and cryptocurrencies on the MetaTrader 4 platform. LQDFX is registered in the Marshall Islands and does not accept clients from the USA, Canada, and some other countries.
Eightcap is an Australian-based forex and CFD broker that offers over 200 instruments, including forex, indices, commodities, stocks, and cryptocurrencies on the MetaTrader 4 and MetaTrader 5 platforms. Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC) and accepts clients from most countries except the USA and some others.
LQDFX vs Eightcap Regulation Comparison
LQDFX is not regulated by any reputable financial authority and operates under a business license issued by the Marshall Islands, which is a low-regulation offshore jurisdiction. This means that LQDFX does not have to comply with strict rules regarding client funds protection, financial reporting, or dispute resolution. Therefore, trading with LQDFX involves a high level of risk and uncertainty.
Eightcap, on the other hand, is regulated by two reputable financial authorities: ASIC in Australia and VFSC in Vanuatu. ASIC is one of the most respected regulators in the world and imposes strict standards on its licensed brokers, such as maintaining adequate capital, segregating client funds from company funds, providing negative balance protection, and participating in a compensation scheme. VFSC is a less stringent regulator but still requires its licensed brokers to follow some basic rules regarding client funds protection and anti-money laundering. Therefore, trading with Eightcap is more secure and reliable than trading with LQDFX.
LQDFX vs Eightcap Trading Assets Comparison
LQDFX offers over 70 currency pairs, including major, minor, and exotic pairs, as well as metals (gold and silver), commodities (oil and natural gas), indices (US30, GER30, UK100, etc.), and cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.). The total number of instruments available on LQDFX is around 100.
Eightcap offers over 200 instruments, including 46 currency pairs (major, minor, and some exotic pairs), metals (gold, silver, platinum, palladium), commodities (oil, natural gas, coffee, sugar, etc.), indices (US30, GER30, UK100, etc.), stocks (Apple, Amazon, Tesla, etc.), and cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.). The total number of instruments available on Eightcap is more than double that of LQDFX.
LQDFX vs Eightcap Trading Fees Comparison
LQDFX charges variable spreads on its instruments depending on the account type chosen by the trader. The spreads start from 0 pips on the ECN account but require a minimum deposit of $500 and a commission of $7 per lot round turn. The spreads start from 0.7 pips on the Gold account but require a minimum deposit of $20. The spreads start from 1 pip on the Micro account but do not require any minimum deposit or commission. LQDFX also charges swap fees for holding positions overnight and may charge deposit or withdrawal fees depending on the payment method used.
Eightcap also charges variable spreads on its instruments depending on the account type chosen by the trader. The spreads start from 0 pips on the Raw account but require a minimum deposit of $100 and a commission of $7 per lot round turn. The spreads start from 1 pip on the Standard account but do not require any minimum deposit or commission. Eightcap does not charge swap fees for holding positions overnight but may charge an inactivity fee of $10 per month after 12 months of no trading activity. Eightcap does not charge any deposit or withdrawal fees regardless of the payment method used.
LQDFX vs Eightcap Account Types Comparison
LQDFX offers five types of accounts: Micro, Gold, ECN, VIP, and Islamic. The Micro account is suitable for beginners who want to trade with small volumes and low risk. The Gold account is suitable for intermediate traders who want to trade with higher leverage and lower spreads. The ECN account is suitable for advanced traders who want to trade with market execution and minimal spreads. The VIP account is suitable for professional traders who want to trade with large volumes and personalized services. The Islamic account is suitable for Muslim traders who want to trade without swap fees or interest charges.
Eightcap offers two types of accounts: Standard and Raw. The Standard account is suitable for beginners and intermediate traders who want to trade with no commission and competitive spreads. The Raw account is suitable for advanced and professional traders who want to trade with market execution and minimal spreads. Both accounts offer the same leverage, minimum trade size, and trading platforms.
LQDFX vs Eightcap Deposit Options Comparison
LQDFX offers various deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, UnionPay, Bitcoin, and VLoad. The minimum deposit amount is $20 for most methods except for bank wire transfer, which requires $250. The processing time for deposits is instant for most methods except for bank wire transfer, which may take up to 5 business days. The processing time for withdrawals is up to 24 hours for most methods except for bank wire transfer, which may take up to 10 business days. LQDFX may charge deposit or withdrawal fees depending on the payment method used.
Eightcap also offers various deposit and withdrawal options, including bank wire transfer, credit/debit cards, Skrill, Neteller, Poli, BPAY, FasaPay, Broker to Broker Transfer, and Bitcoin. The minimum deposit amount is $100 for most methods except for bank wire transfer, which requires $250. The processing time for deposits is instant for most methods except for bank wire transfer, which may take up to 3 business days. The processing time for withdrawals is up to 24 hours for most methods except for bank wire transfer, which may take up to 5 business days. Eightcap does not charge any deposit or withdrawal fees regardless of the payment method used.
LQDFX vs Eightcap Trading Platforms Comparison
LQDFX offers only one trading platform: MetaTrader 4 (MT4). MT4 is a popular and user-friendly platform that provides advanced charting, technical analysis, expert advisors, custom indicators, and automated trading. MT4 is available as a desktop application, a web-based platform, and a mobile app for iOS and Android devices.
Eightcap offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is the same platform as offered by LQDFX. MT5 is an upgraded version of MT4 that offers more features, such as more instruments, more timeframes, more order types, more indicators, more analytical tools, and an economic calendar. MT5 is also available as a desktop application, a web-based platform, and a mobile app for iOS and Android devices.
LQDFX vs Eightcap Analytical Tools Comparison
LQDFX does not offer any additional analytical tools apart from those available on the MT4 platform. However, LQDFX does provide some educational resources, such as a beginners course, trading tools, trading strategies, market news, and an economic calendar.
Eightcap offers several additional analytical tools apart from those available on the MT4 and MT5 platforms. These include TradingView integration, which allows traders to trade directly from TradingView charts into an account with Eightcap; Crypto Crusher dashboard, which provides trade ideas, clear entry/exit levels, and market sentiment for cryptocurrency trading; Capitalise.ai, which enables traders to create, test, and automate trading strategies using everyday English; FlashTrader, which helps traders to target multiple profits, calculate position size, and place stops and limits in a flash; AI-powered economic calendar, which delivers historical market impact and sentiment to help traders generate daily trade ideas from 1000+ macro-economic events; Trade Zone, which provides weekly trade ideas from experts, with weekly market forecasts and mid-week commentary webinars; live events, which offer learning opportunities from guest analysts in a community of like-minded traders; and Eightcap Labs, which helps traders to bridge the gap between theory and practice and find out how to trade more effectively.
LQDFX vs Eightcap. 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. However, here are some general guidelines to help you compare LQDFX and Eightcap.
- If you are looking for a regulated and secure broker that offers a wide range of instruments, low fees, flexible account types, and advanced trading platforms and tools, then Eightcap may be a better choice for you. Eightcap is regulated by ASIC and VFSC, which are reputable financial authorities that impose strict standards on their licensed brokers. Eightcap also offers over 200 instruments, including forex, indices, commodities, stocks, and cryptocurrencies, on the MT4 and MT5 platforms. Eightcap charges competitive spreads and commissions and does not charge any deposit or withdrawal fees. Eightcap also offers various additional analytical tools, such as TradingView integration, Crypto Crusher dashboard, Capitalise.ai, FlashTrader, AI-powered economic calendar, Trade Zone, live events, and Eightcap Labs.
- If you are looking for an unregulated and risky broker that offers a limited range of instruments, high fees, restrictive account types, and only one trading platform and tool, then LQDFX may be a better choice for you. LQDFX is not regulated by any reputable financial authority and operates under a business license issued by the Marshall Islands, which is a low-regulation offshore jurisdiction. LQDFX only offers around 100 instruments, including forex, metals, commodities, indices, and cryptocurrencies, on the MT4 platform. LQDFX charges variable spreads and commissions and may charge deposit or withdrawal fees depending on the payment method used. LQDFX does not offer any additional analytical tools apart from those available on the MT4 platform. However, LQDFX does provide some educational resources, such as a beginners course, trading tools, trading strategies, market news, and an economic calendar.
Ultimately, the choice is yours. You should do your own research and due diligence before opening an account with any broker. You should also consider your trading style, strategy, experience level, and risk tolerance. Trading forex and CFDs involves significant risk of loss and is not suitable for everyone. Please trade responsibly and only with money you can afford to lose.
