Compare ThinkMarkets vs LQDFX
What is ThinkMarkets? What is LQDFX?
ThinkMarkets is a global online broker that was established in 2010 and is regulated by the FCA and ASIC. It offers trading on over 4,000 instruments, including forex, cryptocurrencies, indices, commodities, share CFDs and metals. It also provides investing services on ASX and Chi-X shares and ETFs. It has won several awards for its trading platform, customer service and innovation.
LQDFX is an online STP forex broker that was founded in 2015 and is registered in the Marshall Islands. It offers trading on over 70 instruments, including forex, commodities, indices, cryptos and stocks. It also provides balance protection, negative balance protection and various partnership programs. It has a flat brokerage fee of $8 for investing in shares and ETFs.
ThinkMarkets vs LQDFX Regulation Comparison
ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. These are two of the most reputable and strict regulators in the world, which means that ThinkMarkets has to comply with high standards of security, transparency and customer protection.
LQDFX is registered in the Marshall Islands, which is an offshore jurisdiction that does not have a strong regulatory framework or oversight for financial services providers. This means that LQDFX is not subject to any regulatory supervision or enforcement, and does not have to follow any rules regarding client funds segregation, investor compensation schemes or dispute resolution mechanisms.
ThinkMarkets vs LQDFX Trading Assets Comparison
ThinkMarkets offers a wider range of trading assets than LQDFX, with over 4,000 instruments available across different markets. ThinkMarkets has more forex pairs (over 40), more cryptocurrencies (over 10), more indices (over 20), more commodities (over 10) and more share CFDs (over 3,000) than LQDFX. ThinkMarkets also offers trading on metals (gold, silver, platinum and palladium) and investing in shares and ETFs on the Australian stock exchange.
LQDFX has a smaller selection of trading assets than ThinkMarkets, with only over 70 instruments available across different markets. LQDFX has fewer forex pairs (over 20), fewer cryptocurrencies (5), fewer indices (14), fewer commodities (7) and fewer share CFDs (25) than ThinkMarkets. LQDFX also offers trading on metals (gold and silver) and investing in shares and ETFs on various exchanges.
ThinkMarkets vs LQDFX Trading Fees Comparison
ThinkMarkets has lower trading fees than LQDFX, with tighter spreads, lower commissions and no deposit or withdrawal fees. ThinkMarkets offers spreads as low as 0 pips on its ECN account, which charges a commission of $3.5 per lot per side. ThinkMarkets also offers zero-spread accounts with no commission for forex and metals trading. ThinkMarkets does not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur intermediary bank fees.
LQDFX has higher trading fees than ThinkMarkets, with wider spreads, higher commissions and some deposit or withdrawal fees. LQDFX offers spreads starting from 0 pips on its ECN account, which charges a commission of $7 per lot per round turn. LQDFX also offers variable-spread accounts with no commission for forex and metals trading. LQDFX charges some fees for deposits or withdrawals, depending on the payment method used. For example, bank wire transfers may incur fees of up to $40.
ThinkMarkets vs LQDFX Account Types Comparison
ThinkMarkets offers four account types: Standard, Think Zero, Invest Standard and Invest Pro. The Standard account is suitable for beginners and casual traders who want to trade forex and CFDs with no commission and variable spreads starting from 0.4 pips. The Think Zero account is suitable for experienced and professional traders who want to trade forex and CFDs with low commission ($3.5 per lot per side) and zero spreads. The Invest Standard account is suitable for investors who want to buy shares and ETFs on the ASX with an $8 flat brokerage fee and HIN ownership. The Invest Pro account is suitable for investors who want to buy shares and ETFs on the ASX with a reduced brokerage fee ($5) and HIN ownership.
LQDFX offers five account types: Micro, Gold, ECN, VIP and Islamic. The Micro account is suitable for beginners and small traders who want to trade forex and metals with no commission and variable spreads starting from 1 pip. The Gold account is suitable for intermediate and large traders who want to trade forex, metals, commodities and indices with no commission and variable spreads starting from 0.7 pips. The ECN account is suitable for experienced and professional traders who want to trade forex, metals, commodities, indices and cryptos with low commission ($7 per lot per round turn) and variable spreads starting from 0 pips. The VIP account is suitable for high-volume and institutional traders who want to trade forex, metals, commodities, indices and cryptos with low commission ($5 per lot per round turn) and variable spreads starting from 0 pips. The Islamic account is suitable for Muslim traders who want to trade forex, metals, commodities, indices and cryptos with no commission and variable spreads starting from 1 pip.
ThinkMarkets vs LQDFX Deposit Options Comparison
ThinkMarkets offers more deposit and withdrawal options than LQDFX, with a wider range of payment methods and currencies supported. ThinkMarkets accepts deposits and withdrawals via bank wire transfer, credit/debit card, Skrill, Neteller, PayPal, BitPay, PoliPay, BPay and FasaPay. ThinkMarkets supports 10 base currencies: USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD and ZAR.
LQDFX offers fewer deposit and withdrawal options than ThinkMarkets, with a narrower range of payment methods and currencies supported. LQDFX accepts deposits and withdrawals via bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, UPayCard and Bitcoin. LQDFX supports only one base currency: USD.
ThinkMarkets vs LQDFX Trading Platforms Comparison
ThinkMarkets offers three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and ThinkTrader. MT4 is an established, secure and stable trading platform that offers high-end service for ultra-fast trade execution. MT4 has a user-friendly interface with advanced technical analysis tools, indicators and charts. MT5 is an upgraded version of MT4 that offers more technical indicators, timeframes, order types and analytical tools. MT5 also has a built-in economic calendar and an improved strategy tester for expert advisors (EAs). ThinkTrader is a proprietary trading platform that offers intuitive design and easy trade management. ThinkTrader has a powerful suite of analytical tools, including trend risk scanner, market sentiment indicator and trading signals.
LQDFX offers only one trading platform: MetaTrader 4 (MT4). MT4 is the same trading platform that ThinkMarkets offers, but without the option of using MT5 or ThinkTrader. MT4 has the same features and functions as described above.
ThinkMarkets vs LQDFX Analytical Tools Comparison
ThinkMarkets offers more analytical tools than LQDFX, with a variety of resources to help traders improve their trading skills and performance. ThinkMarkets provides trading guides, expert insights, market news, webinars, podcasts, ebooks and videos on various topics related to forex and CFD trading. ThinkMarkets also offers free access to Autochartist, a powerful market scanner that identifies trading opportunities based on technical analysis patterns.
LQDFX offers fewer analytical tools than ThinkMarkets, with a limited range of resources to help traders enhance their trading knowledge and experience. LQDFX provides beginners course, trading tools, trading strategies and economic calendar on its website. LQDFX does not offer any market scanner or other advanced analytical tools.
ThinkMarkets vs LQDFX. Which forex broker is better? Which forex broker should you choose?
Based on the comparison between ThinkMarkets and LQDFX, it seems that ThinkMarkets is a better forex broker than LQDFX in many aspects. ThinkMarkets has more advantages than LQDFX in terms of regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools. ThinkMarkets is also more reputable and trustworthy than LQDFX, as it is regulated by two of the most respected regulators in the world, while LQDFX is registered in an offshore jurisdiction that does not have any regulatory oversight or protection for traders.
However, the choice of a forex broker depends on your personal preferences, trading goals and risk appetite. You should consider your own needs and expectations before deciding which broker to trade with. You should also do your own research and due diligence on any broker you are interested in, as well as read the terms and conditions, policies and disclosures of each broker carefully. You should also test the broker’s services and platforms with a demo account before opening a live account.
