FXOpen vs. LQDFX

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

FXOpen

  • Pros
  • Leverage up to 1:500.
  • Trade on MetaTrader 4, 5 or TickTrader.
  • All trading strategies allowed (ECN account).
  • Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
  • Cons
  • Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
  • FXOpen is only regulated in Nevis.
  • Awards
  • High-quality order execution, 2018 - VerifyMyTrade
  • Best Forex Broker Australia, 2011 - World Finance
  • Best Trading Platform, 2010 - Falcon Award
LQDFX

  • Pros
  • Leverage up to 1:500.
  • No fees on deposits.
  • Negative balance protection.
  • Funds held in segregated accounts in EU banks.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • No CFDs on cryptocurrencies, stocks or ETFs.
  • LQDFX only supports MetaTrader 4.
  • LQDFX is not regulated.
  • Awards
  • Best ECN Broker, 2017 - The Forex Awards
  • Most Reliable Broker, 2017 - The Forex Awards

Markets

Asset classesFXOpen ▷LQDFX ▷
Forex (CFD)
Cryptos (CFD)NA
Stocks (CFD)NA
Indices (CFD)
Metals (CFD)
Energy (CFD)NA
Commodities (CFD)NA
Asset classes (#)FXOpen ▷LQDFX ▷
Forex (CFD)5171
Cryptos (CFD)43NA
Stocks (CFD)100NA
Indices (CFD)1012
Metals (CFD)22
Energy (CFD)3NA
Commodities (CFD)NA5

Trading platforms

Trading platformsFXOpen ▷LQDFX ▷
MetaTrader 4
MetaTrader 5
cTrader
Currenex
Copy trading
Mirror trading
Other platformsTickTraderxStation
Operating systemsFXOpen ▷LQDFX ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsFXOpen ▷LQDFX ▷
Bank transfer
Credit card
Debit card
Bitcoin
Bitcoin CashNA
China UnionPayNA
DixiPayNA
EthereumNA
FasaPay
LitecoinNA
NETELLERNA
Perfect MoneyNA
QIWI WalletNA
RippleNA
Skrill
SorexPayNA
WebMoneyNA
Yandex.MoneyNA
Account base currenciesFXOpen ▷LQDFX ▷
AUD - Australian DollarNA
CHF - Swiss FrancNA
EUR - Euro
GBP - British PoundNA
JPY - Japanese YenNA
RUB - Russian RoubleNA
SGD - Singapore DollarNA
USD - U.S. Dollar

Regulators

Company informationFXOpen ▷LQDFX ▷
Company nameFXOpen NZ LimitedLQD Limited
Head officeAuckland, New ZealandMarshall Islands
Incorporation date20052015
RegulatorsFXOpen ▷LQDFX ▷
AustraliaAFSL No. 412871NA
NevisNevis No. C 42235NA
Marshall IslandsNAMH96960
UKFCA No. 579202NA