Compare LQDFX vs FX Choice
What is LQDFX? What is FX Choice?
LQDFX is a global STP forex broker that was established in 2015 and is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. LQDFX offers trading on forex, metals, commodities, indices, and cryptocurrencies via the MetaTrader 4 platform.
FX Choice is a leading online forex broker that was founded in 2010 and is regulated by the International Financial Services Commission (IFSC) of Belize. FX Choice provides trading on forex, metals, indices, commodities, stocks, and cryptocurrencies through the MetaTrader 4, MetaTrader 5, and cTrader 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 FX Choice Regulation Comparison
Both LQDFX and FX Choice are regulated by offshore authorities that are not considered to be very strict or reputable in the forex industry. Neither of them are authorized by major regulators such as the FCA, CySEC, ASIC, or NFA. This means that traders may face higher risks and lower protection when dealing with these brokers.
However, FX Choice claims to offer negative balance protection, segregated accounts, and secure encryption to ensure the safety of its clients’ funds and data. LQDFX does not mention any of these features on its website.
LQDFX vs FX Choice Trading Assets Comparison
LQDFX offers a wider range of trading assets than FX Choice, with 162 financial instruments available compared to 117. LQDFX has more currency pairs (71 vs 51), commodities (11 vs 6), indices (13 vs 9), and cryptocurrencies (25 vs 5) than FX Choice. However, FX Choice has more stocks (46 vs 42) than LQDFX.
Both brokers offer trading on metals (gold and silver) and energies (oil and gas), but only FX Choice offers trading on futures, ETFs, options, agriculture, bonds, binary options, ETFs, shares, and physical stocks.
LQDFX vs FX Choice Trading Fees Comparison
LQDFX and FX Choice have different types of spreads: fixed for LQDFX and variable for FX Choice. Fixed spreads are usually higher than variable spreads, but they do not change according to market conditions. Variable spreads are usually lower than fixed spreads, but they can widen significantly during periods of high volatility or low liquidity.
According to their websites, the average spread for the EUR/USD pair is 1.1 pips for LQDFX and 0.5 pips for FX Choice. This means that FX Choice has a lower trading cost for this pair than LQDFX.
Both brokers charge commissions for some of their account types. LQDFX charges $3.50 per lot for its ECN account, while FX Choice charges $4.50 per lot for its Pro account. This means that LQDFX has a lower commission fee than FX Choice.
LQDFX vs FX Choice 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 varies from 1:300 for the VIP account to 1:500 for the other accounts. The spread type is fixed for all accounts except for the ECN account, which has a variable spread.
FX Choice offers three account types: Classic, Pro, and Optimum. The minimum deposit is $100 for all accounts. The maximum leverage is 1:50 for the Classic account and 1:1000 for the Pro and Optimum accounts. The spread type is variable for all accounts.
LQDFX vs FX Choice Deposit Options Comparison
LQDFX supports more deposit and withdrawal options than FX Choice, with 15 methods available compared to 10. Both brokers accept Skrill, Wire transfer, Credit/debit cards, Neteller, Crypto, Ethereum, and Tether (USDT). However, only LQDFX accepts FasaPay, Litecoin, Ripple, Crypto Cash, Tron and USD Coin (USDC), while only FX Choice accepts PayPal and UnionPay.
Both brokers do not charge any deposit fees, but they may charge withdrawal fees depending on the method used. For example, LQDFX charges $25 for wire transfers and 1% for Skrill and Neteller withdrawals, while FX Choice charges $40 for wire transfers and 0.5% for Skrill and Neteller withdrawals.
LQDFX vs FX Choice Trading Platforms Comparison
LQDFX only offers the MetaTrader 4 platform, which is the most popular trading platform in the forex industry. It has an intuitive user interface, a customizable feature-rich environment, and a variety of analytical tools and charts.
FX Choice offers three trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. MetaTrader 5 is the newer and more advanced version of MetaTrader 4, with more indicators, order types, timeframes, and market depth. cTrader is another popular platform that has a sleek design, fast execution, and advanced order management.
LQDFX vs FX Choice Analytical Tools Comparison
Both LQDFX and FX Choice provide their clients with access to various analytical tools to help them with their trading strategies. These include economic calendars, market news, trading signals, technical analysis, and educational materials.
However, FX Choice has more tools than LQDFX, such as VPS hosting, Autochartist, Myfxbook Autotrade, Trading Central, and MQL5 signals. These tools can enhance the trading experience and performance of FX Choice’s clients.
LQDFX vs FX Choice. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading preferences, goals, and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- If you are looking for a broker that offers a wider range of trading assets, especially cryptocurrencies, then LQDFX may be a better option for you. LQDFX has 162 financial instruments available compared to 117 for FX Choice.
- If you are looking for a broker that has lower trading costs, especially for the major currency pairs, then FX Choice may be a better option for you. FX Choice has lower spreads and commissions than LQDFX for the EUR/USD pair .
- If you are looking for a broker that has more trading platforms to choose from, especially the newer and more advanced ones, then FX Choice may be a better option for you. FX Choice offers MetaTrader 4, MetaTrader 5, and cTrader platforms, while LQDFX only offers MetaTrader 4 .
- If you are looking for a broker that has more analytical tools to help you with your trading strategies, such as VPS hosting, Autochartist, Myfxbook Autotrade, Trading Central, and MQL5 signals, then FX Choice may be a better option for you. LQDFX does not offer any of these tools on its website.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open demo accounts with both brokers and test their services and features before making a final decision.
