Thinking of LQDFX? “Must-Read” Pros & Cons of the Service

We understand that there are hundreds of misleading information on the web, and you may be tired of seeing the same advertisement mentioning the same things.

Here are some tips for you to choose the most suited broker for yourself.

Pros

LQDFX works as a 100% STP Forex broker and there is no restrictions on its trading platform besides arbitrage.

LQDFX is a rare Forex broker which can accept USA clients.

Two award winning trading platforms, MetaTrader4 and xStation are available for variety of devices.

The required minimum deposit amount is only 25 USD.

LQDFX’s VIP account spread starts from 0.1 pip with only 5 USD commissions per 1 lot, which is lower than majority of other STP Forex brokers in the world.

Cons

LQDFX is based in Marshall Island, and not regulated by any major financial authorities.

No Bonus Promotions are offered by LQDFX often.

Is LQDFX suited for you?

LQDFX is a STP(Straight Through Processing) Forex broker with low trading costs. By making a deposit of only 2o USD, you can access to nearly 100 financial instruments through MetaTrader4 and xStation.

The broker tends to not offer bonus promotions though, there is a number of trading tools available for free.

No major financial licenses are acquired by LQDFX, but their well-organized website and educated & human support staffs show that the broker is looking to grow its business decently.

LQDFX’s service and conditions are very fine comparing to other brokers and easily understandable for anyone.

Comparison of LQDFX’s all trading account types

LQDFX offers 5 trading account types which are Micro, Gold, ECN, VIP and Islamic.

See the comparison table below to see the difference of trading conditions.

Account Types	Micro	Gold	ECN	VIP	Islamic
Maximum Leverage	1:500	1:300	1:300	1:100	1:300
Average Spread	1.0 pip	0.7 pips	0.1 pips	0.1 pips	0.7 pips
Minimum Deposit Amount	$20	$500	$500	$25000	$20
Execution Type	Market Execution	Market Execution	Market Execution	Market Execution	Market Execution
Trading Model	STP	STP	STP	STP	STP
Minimum Trading Volume	0.01 lots	0.01 lots	0.01 lots	0.1 lots	0.01 lots
Maximum Trading Volume	5 lots	40 lots	40 lots	None	40 lots
Swap Point	Charged	Charged	Charged	Charged	None
Available Markets	FX, Indices, Commodities, Metals, Cryptos	FX, Indices, Commodities, Metals, Cryptos	FX, Indices, Commodities, Metals, Cryptos	FX, Indices, Commodities, Metals, Cryptos	FX, Indices, Commodities, Metals, Cryptos
Re-quotes	None	None	None	None	None
Trading Commission	None	None	3.50USD/EUR per 100,000	2.50USD/EUR per 100,000	None
Account Manager	Available	Available	Available	Available	Available
Account Opening Page	Micro	Gold	ECN	VIP	Islamic