Compare SimpleFX vs LQDFX
What is SimpleFX? What is LQDFX?
SimpleFX is a free trading and investing app that allows you to trade and stake with no fees and no minimum deposits. You can trade various assets such as cryptocurrencies, forex, stocks, gold, oil and more on the SimpleFX WebTrader platform or the mobile apps. SimpleFX also offers a cashback program, a referral program and a coin reward system.
LQDFX is a straight-through processing (STP) broker that offers competitive spreads, free deposits, 24/5 support and access to the MetaTrader 4 platform. You can trade over 70 currency pairs, 11 indices, several stocks, commodities and cryptocurrencies with LQDFX. LQDFX also offers a welcome deposit bonus up to $20,000, a PAMM account service and an educational section.
SimpleFX vs LQDFX Regulation Comparison
SimpleFX is not regulated by any financial authority. It is registered in St. Vincent and the Grenadines as an International Business Company (IBC). This means that SimpleFX does not have to comply with any strict rules or regulations that protect traders’ funds and interests.
LQDFX is also not regulated by any reputable financial authority. It is registered in the Marshall Islands as an offshore company. This means that LQDFX is not subject to any oversight or supervision from any regulatory body.
Both SimpleFX and LQDFX are unregulated brokers that operate in jurisdictions with lax or no financial regulations. This poses a high risk for traders who may not have any legal recourse or compensation in case of any disputes or issues with the brokers.
SimpleFX vs LQDFX Trading Assets Comparison
SimpleFX offers a wide range of trading assets, including over 60 cryptocurrencies, 20 forex pairs, 15 indices, 10 commodities and hundreds of stocks. You can trade these assets on the SimpleFX WebTrader platform or the mobile apps for iOS and Android.
LQDFX offers a more limited range of trading assets, including over 70 forex pairs, 11 indices, several stocks, commodities and 16 cryptocurrencies. You can trade these assets on the MetaTrader 4 platform or the mobile apps for iOS and Android.
Both SimpleFX and LQDFX offer a variety of trading assets for different types of traders. However, SimpleFX has a larger selection of cryptocurrencies and stocks than LQDFX.
SimpleFX vs LQDFX Trading Fees Comparison
SimpleFX does not charge any commissions or fees on its trades. It makes money from the spreads, which are the differences between the bid and ask prices of the assets. The spreads vary depending on the asset, the market conditions and the account type. The average spread for EUR/USD is 0.8 pips on the Standard account and 0.1 pips on the Pro account.
LQDFX also does not charge any commissions or fees on its trades. It makes money from the spreads as well. The spreads also vary depending on the asset, the market conditions and the account type. The average spread for EUR/USD is 1 pip on the Micro account, 0.7 pips on the Gold account, 0.1 pips on the ECN account, 0 pips on the VIP account and 0 pips on the Islamic account.
Both SimpleFX and LQDFX offer low-cost trading with no commissions or fees. However, the spreads may differ depending on the asset and the account type. Generally, SimpleFX has lower spreads than LQDFX on most assets.
SimpleFX vs LQDFX Account Types Comparison
SimpleFX offers two types of accounts: Standard and Pro. The Standard account has no minimum deposit requirement and offers leverage up to 1:500. The Pro account has a minimum deposit requirement of $1000 and offers leverage up to 1:2000. Both accounts have negative balance protection and allow scalping, hedging and automated trading.
LQDFX offers five types of accounts: Micro, Gold, ECN, VIP and Islamic. The Micro account has a minimum deposit requirement of $20 and offers leverage up to 1:500. The Gold account has a minimum deposit requirement of $500 and offers leverage up to 1:300. The ECN account has a minimum deposit requirement of $500 and offers leverage up to 1:300. The VIP account has a minimum deposit requirement of $25,000 and offers leverage up to 1:100. The Islamic account has a minimum deposit requirement of $20 and offers leverage up to 1:500. All accounts have negative balance protection and allow scalping, hedging and automated trading.
Both SimpleFX and LQDFX offer different account types for different trading styles and preferences. However, SimpleFX has a higher maximum leverage than LQDFX on most accounts. LQDFX has a lower minimum deposit requirement than SimpleFX on most accounts.
SimpleFX vs LQDFX Deposit Options Comparison
SimpleFX offers various deposit and withdrawal options, including credit cards, debit cards, wire transfers, e-wallets, cryptocurrencies and more. There are no deposit fees and the minimum deposit amount is $10 or equivalent. The withdrawal fees vary depending on the method and the amount. The minimum withdrawal amount is $10 or equivalent.
LQDFX offers fewer deposit and withdrawal options, including credit cards, debit cards, wire transfers, e-wallets and cryptocurrencies. There are no deposit fees and the minimum deposit amount is $20 or equivalent. The withdrawal fees also vary depending on the method and the amount. The minimum withdrawal amount is $20 or equivalent.
SimpleFX vs LQDFX Trading Platforms Comparison
SimpleFX offers its own proprietary trading platform called SimpleFX WebTrader. This is a web-based platform that does not require any downloads or installations. It has a user-friendly interface and a customizable feature-rich environment. It offers ultra-fast execution, one-click trading, depth of market, advanced technical analysis, advanced charts, negative balance protection and more.
LQDFX offers the popular MetaTrader 4 platform. This is a downloadable platform that requires installation on your device. It has a well-known interface and a powerful feature-rich environment. It offers fast execution, one-click trading, multiple order types, advanced technical analysis, advanced charts, automated trading with Expert Advisors (EAs), VPS service and more.
SimpleFX vs LQDFX Analytical Tools Comparison
SimpleFX offers some analytical tools for its clients, such as trading signals, market news, economic calendar, trading ideas and blog posts. These tools can help traders to stay updated on the market trends, events and opportunities.
LQDFX also offers some analytical tools for its clients, such as trading signals, market news, economic calendar, educational videos and blog posts. These tools can also help traders to stay informed on the market movements, news and strategies.
SimpleFX vs LQDFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider when comparing forex brokers, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, analytical tools and more.SimpleFX and LQDFX are two forex brokers that offer different features and services for their clients.
However, you should also do your own research and due diligence before choosing a forex broker. You should also consider your own trading goals, preferences and risk appetite.
