Does LQDFX Supports MT5? Alternatives for 2024

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Forex traders get access to forex markets via trading platforms. There are many online trading platforms including MT4, MT5, cTrader, and so on. Forex brokers give access to those trading platforms. Among the platforms, MT5 is the next version of MetaTrader 4. It is a multi-asset trading platform developed by MetaQuotes. 

If you are a forex trader, and look for trading with an online offshore forex broker, you may come across LQDFX. LQDFX is a popular offshore forex broker that offers forex, metals, commodities, and indices trading online. Now the question comes if LQDFX supports MT5. The answer is “NO” LQDFX does not work with MT4. In this blog post, we will discuss the trading platforms used by LQDFX, alternative platforms, trading instruments, and so on. 

So let’s get started …. 

Does LQDFX Work with MT5

No, LQDFX currently does not support the MT5 trading platform. It offers MT4 as its trading platform. MT4 is known for its user-friendly interface and comprehensive set of trading tools. This platform offers features such as advanced charting, technical analysis tools, automated trading capabilities through Expert Advisors (EAs), and access to a vast range of financial instruments.

What Trading platforms does LQDFX Use?

LQDFX uses only the MT4 trading platform. You can use MT4 in a couple of versions. They include desktop, mobile, and tablet versions. 

Alternatives of LQDFX Trading Platforms

LQDFX is a popular unregulated STP  forex broker. However, other brokers can serve as alternatives to LQDFX. Some of the alternative brokers even offer MT5 Trading platform For example, Hankotrade offers both MT4 and MT5 Trading Platforms. These alternative brokers include

Frequently Asked Questions (FAQs)

What is LQDFX?

Established in 2015, LQDFX is an online offshore forex and CFD broker. It gives access to various financial markets including forex, CFD, and Crypto CFDs. The broker offers restriction-free trading low spread and high leverage. 

What is the MT5 Trading Platform?

Founded by Metaquotes, MT5 is a multi-asset trading platform. The broker offers advanced features for online trading. It provides tools for technical analysis, and algorithmic trading, and supports trading in various financial instruments.

What are the alternatives to MT5 Trading Platforms?

Some alternatives to MT5 trading platforms include:

  • MT4 (MetaTrader 4): The predecessor to MT5, is widely used for its user-friendly interface and automated trading capabilities.
  • cTrader: A platform known for advanced charting tools.
  • TradingView: A web-based platform offering advanced charting and social trading features.
  • ZuluTrade: A social trading platform that allows users to follow and copy the trades of experienced traders.

Final Verdict :

LQDFX does not offer MetaTrader 5 as their trading platform. Instead, it offers only MT4 as its trading platform. 

MT4 is a widely used trading platform known for its user-friendly interface and advanced tools. It facilitates online trading in various financial markets, offering features like chart analysis, automated trading through Expert Advisors, and accessibility across multiple devices

Trading forex and CFDs comes with the risk of losing your trading capital. Furthermore, trading with offshore forex  brokers like LQDFX puts your funds at higher risks

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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