Compare Weltrade vs LQDFX
What is Weltrade? What is LQDFX?
Weltrade is an international company that has 16 years of experience in the forex market and online trading. It offers various programs for partners, innovative tools for traders, and a range of account types and platforms.
LQDFX is a global award-winning STP forex broker that provides ultra-fast execution, no deposit fees, and up to 1:1000 leverage. It also offers balance protection, security of funds, and a bonus program for deposits.
Weltrade vs LQDFX Regulation Comparison
Weltrade is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under license number 21677 IBC 2016. It also has a license from the Financial Sector Conduct Authority (FSCA) of South Africa under license number 51024.
LQDFX is not regulated by any authority, but it claims to follow the best practices and standards of the industry. It also states that it segregates its clients’ funds in top-tier European banks and provides negative balance protection.
Weltrade vs LQDFX Trading Assets Comparison
Weltrade offers over 60 currency pairs, 6 cryptocurrencies, 2 metals, and 11 indices for trading. It also has a digital account option that allows trading with digital currencies only.
LQDFX offers over 70 currency pairs, 4 metals, 11 indices, 2 commodities, 5 cryptocurrencies, and 25 stocks for trading. It also supports algorithmic trading with Expert Advisors on MetaTrader 4.
Weltrade vs LQDFX Trading Fees Comparison
Weltrade does not charge any commission fees for deposits or withdrawals, and it offers more than 30 methods of payment with favorable exchange rates. It also has a zero spread account type that requires a minimum deposit of $350 and charges a commission of $10 per lot.
LQDFX does not charge any deposit fees, but it may charge withdrawal fees depending on the method and amount of withdrawal. It also has an ECN account type that requires a minimum deposit of $500 and charges a commission of $3.5 per lot per side.
Weltrade vs LQDFX Account Types Comparison
Weltrade has six account types: Micro, Premium, Pro, ZuluTrade, Crypto, and ECN. The minimum deposit ranges from $25 to $500, and the maximum leverage ranges from 1:33 to 1:1000. The spreads vary depending on the account type and market conditions.
LQDFX has five account types: Micro, Gold, ECN, VIP, and Islamic. The minimum deposit ranges from $20 to $25,000, and the maximum leverage is fixed at 1:500 for all account types except ECN, which has a leverage of 1:300. The spreads also vary depending on the account type and market conditions.
Weltrade vs LQDFX Deposit Options Comparison
Weltrade offers a wide range of deposit and withdrawal options, including bank transfer, credit/debit cards, e-wallets, cryptocurrencies, and local payment systems. The processing time is usually instant or within one business day.
LQDFX offers fewer deposit and withdrawal options, including bank transfer, credit/debit cards, e-wallets, and cryptocurrencies. The processing time is usually within one business day for deposits and within two business days for withdrawals.
Weltrade vs LQDFX Trading Platforms Comparison
Weltrade supports MetaTrader 4 and MetaTrader 5 platforms on desktop, web, iOS, Android, and Huawei devices. It also offers a web-based platform called WebTerminal that allows trading without downloading any software.
LQDFX supports MetaTrader 4 platform only on desktop, web, iOS, and Android devices. It does not offer any other platform or web-based option for trading.
Weltrade vs LQDFX Analytical Tools Comparison
Weltrade provides various analytical tools for traders, such as beginners course, trading tools, trading strategies, economic calendar, market news, signals service, VPS service, and personal manager service.
LQDFX provides fewer analytical tools for traders, such as economic calendar, market news, signals service (only for VIP account holders), VPS service (only for ECN account holders), and personal manager service (only for VIP account holders).
Weltrade vs LQDFX. 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. There is no definitive answer as to which forex broker is better, as different brokers may suit different traders. However, here are some factors you may want to consider:
- Regulation: Weltrade is regulated by two authorities, while LQDFX is not regulated by any authority. This may affect the level of trust, security, and protection that you have as a trader. If regulation is important to you, you may prefer Weltrade over LQDFX.
- Trading Assets: LQDFX offers more trading assets than Weltrade, including commodities and stocks. This may give you more opportunities and diversification in your trading portfolio. If you are interested in trading a variety of assets, you may prefer LQDFX over Weltrade.
- Trading Fees: Weltrade and LQDFX have different fee structures for their account types. Weltrade has a zero spread account that charges a higher commission, while LQDFX has an ECN account that charges a lower commission. You may want to compare the spreads and commissions of each account type and see which one fits your trading style and budget better.
- Account Types: Weltrade and LQDFX have different account types that cater to different levels of experience, capital, and preferences. Weltrade has a digital account that allows trading with cryptocurrencies only, while LQDFX has an Islamic account that complies with Sharia law. You may want to check the features and benefits of each account type and see which one meets your needs and expectations better.
- Deposit and Withdrawal Options: Weltrade offers more deposit and withdrawal options than LQDFX, including local payment systems and favorable exchange rates. This may make it easier and cheaper for you to fund and withdraw your money from your trading account. If you value convenience and cost-effectiveness in your transactions, you may prefer Weltrade over LQDFX.
- Trading Platforms: Weltrade supports both MetaTrader 4 and MetaTrader 5 platforms, while LQDFX supports only MetaTrader 4 platform. This may affect the functionality, performance, and compatibility of your trading platform. If you want to use the latest version of MetaTrader or have a Huawei device, you may prefer Weltrade over LQDFX.
- Analytical Tools: Weltrade provides more analytical tools than LQDFX, such as beginners course, trading tools, trading strategies, and signals service for all account holders. This may help you improve your trading skills, knowledge, and results. If you want to access more educational and analytical resources, you may prefer Weltrade over LQDFX.
Of course, you should also do your own research, read reviews, test demos, and compare other aspects of each broker before making a final decision. Ultimately, the best forex broker for you is the one that matches your personal preferences, trading goals, and risk appetite.
