Compare LQDFX vs TradersWay
What is LQDFX? What is TradersWay?
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. TradersWay is an offshore broker offering highly leveraged trading on dozens of forex pairs as well as cryptocurrencies and commodities through the MetaTrader 4, MetaTrader 5 and cTrader platforms. The broker has a decade of experience serving retail traders and provides 24/7 customer support
LQDFX vs TradersWay Regulation Comparison
LQDFX is regulated by the Financial Commission (FinaCom), an independent self-regulatory organization that provides dispute resolution and compensation for traders. However, FinaCom is not a government authority and does not have legal power to enforce its decisions.
TradersWay is not regulated by any official body and operates under the jurisdiction of the Commonwealth of Dominica, a small Caribbean island nation that does not have strict financial regulations. This means that traders have no legal protection or recourse in case of any issues or disputes with the broker.
LQDFX vs TradersWay Trading Assets Comparison
LQDFX offers over 70 trading instruments, including 48 currency pairs, 17 indices, 4 commodities and 3 cryptocurrencies. The broker also provides Islamic accounts that are compliant with Sharia law and do not charge or receive swap fees.
TradersWay offers over 40 currency pairs, 4 metals, 2 energies, 10 cryptocurrencies and 7 indices. The broker also allows social trading with MetaQuotes and FxStat platforms, where traders can copy the strategies of other successful traders.
LQDFX vs TradersWay Trading Fees Comparison
LQDFX charges variable spreads that start from 0.0 pips on its ECN account and from 1.0 pips on its other account types. The broker also charges a commission of $3.5 per lot per side on its ECN account and no commission on its other account types. LQDFX does not charge any deposit or withdrawal fees, but some payment methods may incur charges from third parties. LQDFX also charges an inactivity fee of $25 per month after six months of no trading activity.
TradersWay charges variable spreads that start from 0 pips on its ECN and VAR accounts and from 0.5 pips on its MT4.FIX account. The broker also charges a commission of $2.5 per lot per side on its ECN account and no commission on its other account types. TradersWay does not charge any deposit fees, but some withdrawal methods may incur charges from the broker or third parties. TradersWay does not charge any inactivity fees.
LQDFX vs TradersWay 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 ranges from 1:300 for the VIP account to 1:500 for the other account types.
TradersWay offers four account types: MT4.FIX, MT4.VAR, MT4.ECN and CT.ECN. The minimum deposit is $10 for all account types. The maximum leverage is 1:1000 for all account types except CT.ECN, which has a maximum leverage of 1:500.
LQDFX vs TradersWay Deposit Options Comparison
LQDFX supports various deposit and withdrawal methods, including credit cards, debit cards, wire transfers, Skrill, Neteller, FasaPay, PayRedeem and Bitcoin. The processing time varies depending on the method, but most deposits are instant and most withdrawals are processed within one business day.
TradersWay supports various deposit and withdrawal methods, including credit cards, debit cards, wire transfers, Skrill, Neteller, Perfect Money, FasaPay, PayRedeem, Bitcoin and Ethereum. The processing time varies depending on the method, but most deposits are instant and most withdrawals are processed within one business day.
LQDFX vs TradersWay Trading Platforms Comparison
LQDFX supports the MetaTrader 4 platform, which is the most popular and widely used trading platform in the forex industry. MT4 offers advanced charting tools, technical indicators, automated trading with expert advisors, market news and signals. LQDFX also provides MT4 mobile apps for iOS and Android devices, as well as a web terminal that can be accessed from any browser.
TradersWay supports three trading platforms: MetaTrader 4, MetaTrader 5 and cTrader. MT4 and MT5 are similar to LQDFX’s platform, but MT5 has some additional features such as more timeframes, more order types, more indicators and an economic calendar. cTrader is a platform designed specifically for ECN trading, which offers fast execution, depth of market, level II pricing and advanced order management. TradersWay also provides mobile apps and web terminals for all three platforms.
LQDFX vs TradersWay Analytical Tools Comparison
LQDFX offers some analytical tools for its clients, such as an economic calendar, a market news section, a daily analysis blog and a weekly outlook video. The broker also provides educational resources for beginners, such as a forex glossary, a beginners course, a trading academy and a FAQ section.
TradersWay does not offer many analytical tools for its clients, except for an economic calendar and a market news section. The broker also lacks educational materials for beginners, except for some basic tutorials on how to use the trading platforms.
LQDFX vs TradersWay. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences 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 when comparing LQDFX and TradersWay:
- Regulation: LQDFX is regulated by FinaCom, which provides some level of protection and dispute resolution for traders. TradersWay is not regulated by any authority and operates under a jurisdiction that does not have strict financial regulations. This means that traders have no legal protection or recourse in case of any issues or disputes with the broker. If you value security and reliability, you may prefer LQDFX over TradersWay.
- Trading Assets: LQDFX offers more trading instruments than TradersWay, including 48 currency pairs, 17 indices, 4 commodities and 3 cryptocurrencies. TradersWay offers 40 currency pairs, 4 metals, 2 energies, 10 cryptocurrencies and 7 indices. If you want more variety and diversity in your trading portfolio, you may prefer LQDFX over TradersWay.
- Trading Fees: LQDFX and TradersWay both charge variable spreads that start from 0 pips on their ECN accounts. LQDFX charges a commission of $3.5 per lot per side on its ECN account and no commission on its other account types. TradersWay charges a commission of $2.5 per lot per side on its ECN account and no commission on its other account types. LQDFX does not charge any deposit or withdrawal fees, but some payment methods may incur charges from third parties. TradersWay does not charge any deposit fees, but some withdrawal methods may incur charges from the broker or third parties. LQDFX also charges an inactivity fee of $25 per month after six months of no trading activity. TradersWay does not charge any inactivity fees. If you want to save on trading costs, you may prefer TradersWay over LQDFX.
- Account Types: 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 ranges from 1:300 for the VIP account to 1:500 for the other account types. TradersWay offers four account types: MT4.FIX, MT4.VAR, MT4.ECN and CT.ECN. The minimum deposit is $10 for all account types. The maximum leverage is 1:1000 for all account types except CT.ECN, which has a maximum leverage of 1:500. If you want more flexibility and customization in your trading conditions, you may prefer TradersWay over LQDFX.
- Trading Platforms: LQDFX supports the MetaTrader 4 platform, which is the most popular and widely used trading platform in the forex industry. MT4 offers advanced charting tools, technical indicators, automated trading with expert advisors, market news and signals. LQDFX also provides MT4 mobile apps for iOS and Android devices, as well as a web terminal that can be accessed from any browser. TradersWay supports three trading platforms: MetaTrader 4, MetaTrader 5 and cTrader. MT4 and MT5 are similar to LQDFX’s platform, but MT5 has some additional features such as more timeframes, more order types, more indicators and an economic calendar. cTrader is a platform designed specifically for ECN trading, which offers fast execution, depth of market, level II pricing and advanced order management. TradersWay also provides mobile apps and web terminals for all three platforms. If you want more options and features in your trading platform, you may prefer TradersWay over LQDFX.
- Analytical Tools: LQDFX offers some analytical tools for its clients, such as an economic calendar, a market news section, a daily analysis blog and a weekly outlook video. The broker also provides educational resources for beginners, such as a forex glossary, a beginners course, a trading academy and a FAQ section. TradersWay does not offer many analytical tools for its clients, except for an economic calendar and a market news section. The broker also lacks educational materials for beginners, except for some basic tutorials on how to use the trading platforms. If you want more support and guidance in your trading journey, you may prefer LQDFX over TradersWay.
