Etoro vs LQDFX Comparison (2023)

Published :
Updated :
Written by

Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Etoro and LQDFX are online brokers providing trading services worldwide. Etoro is known for its social trading and multi-asset platform, regulated in four tier-1 jurisdictions and one tier-4 jurisdiction including CySEC, FCA, Finra, FSA-S, and SIPC. On the other hand, LQDFX specializes in online forex and CFD trading. LQDFX is an offshore forex broker and is not regulated by any regulatory authorities. While these brokers offer similar services, they each have their own strengths and weaknesses.

In this article, I have compared Etoro and LQDFX in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis will help you determine which broker better suits your trading style and preferences.

Etoro vs LQDFX: In a Nutshell

Etoro

For over 15 years, eToro has been championing the art of social trading among forex traders. It has built a huge community comprising over 30 million traders who interact with each other while investors automatically copy the trades of expert traders. Additionally, you can trade real stocks, ETFs, and cryptos with eToro. 

Risk warning: 77% of retail CFD traders lose money.

Etoro Overview

Etoro Overview
  • Founded In: 2007
  • Founder: Yoni Assia, Ronen Assia
  • Headquarters: UK
  • Minimum Deposit: $50
  • Maximum Leverage: 30:1 EU, 50:1  USA
  • Regulations: SEC, FINRA, FCA, CySEC, FSA-S, SIPC
  • Trading platform: eToro Trading Platforms
  • Account Types: Standard, Professional, Corporate
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money

LQDFX

Established in 2015, LQDFX boasts of low spreads, fast order executions, and security through client funds segregation, zero balance implementation, etc. Newbies are encouraged with multiple trading resources, demo account contests, and even micro accounts. Investors can choose the MAM/PAMM accounts and pros can open VIP accounts.

LQDFX Overview
  • Founded In: 2015
  • Minimum Deposit: $20
  • Maximum Leverage: 1:300
  • Regulations: None 
  • Trading platform: MT4
  • Account Types: VIP Account, ECN , Gold, Micro, Islamic
  • Payment Options: (5+) VISA MASTER
  • US Traders: Accepted 

           

Etoro vs LQDFX: Pros and Cons

Etoro Pros & Cons

Pros
  • Regulated in numerous jurisdictions including CySEC, FCA, ASIC, FinCEN, MSB, FSA Seychelles, FSC Gibraltar, and FSA Malta.
  • Trading over 5,000 forex and CFD assets plus real stocks/ETFs and Cryptocurrencies.
  • A large community of social traders
  • Trading tools like market sentiments, news feed, Trading Central analysis, etc.
  • Investors can copy the trades of expert traders or invest in ‘CopyPortfolios’
  • Real Stocks and ETFs are Available 
  • Negative Balance Protection
Cons
  • Traders pay withdrawal fees, inactivity fees, and conversion fees.
  • You have no other platform choice than the eToro platform.
  • You cannot automate your strategies via trading robots.
  • No multiple account types; you can only have a retail account or a professional account.
  • Margin trading is not available to U.S. users
  • No limit orders for stocks.
  • Not Available in American Samoa, Guam, Hawaii, Nevada, New York, Puerto Rico and US Virgin Islands

LQDFX Pros & Cons

Pros
  • ECN broker with spreads from 0.0 pips and full STP execution.
  • The minimum deposit required to start live trading is $20.
  • Zero-balance protection and segregated funds.
  • A 100% deposit bonus is given to traders who deposit from $250 to $20,000.
  • Variety of Account Types including Swap Free Islamic Account 
  • Training resources in the form of video lessons, eBooks, etc.
  • More than 30 video lessons are provided to train beginner traders.
  • Accept multiple deposit methods such as debit/credit cards, cryptos, bank transfers, and PayRedeem eCards.
  • An Economic Calendar, trading calculators, and chart analysis are some of the trading tools provided by the broker.
Cons
  • No regulation from any regulatory authority.
  • MT4 is the only platform available for traders.
  • VIP accounts have a very high opening deposit.
  • No daily market news and analysis. 
  • No MAM Managed Account 
  • Withdrawal fees for Visa and MasterCard

eToro vs LQDFX: Side-by-Side Comparison

Etoro
LQDFX
Product
Product
Etoro
LQDFX
Founded In
Founded In
2007
2015
Founded By
Founded By
Yoni Assia
Not Found
Headquarters
Headquarters
London, United Kingdom
Gros-Isle, Saint Lucia
Regulations
Regulations
SEC, FINRA, FCA, CySEC, FSA-S, SIPC, ADGM
None
Min Deposit
Min Deposit
$50
$20
Max Leverage
Max Leverage
30:1 EU, 50:1 USA
1:300
Tradable Assets
Tradable Assets
Offer you over 5,000 instruments from a wide range of asset classes: Stocks, Indices, ETFs, Currencies, Commodities, Crypto
FX, Indices, Commodities, Metals, Cryptos
Fees
Fees
Spread from 1 pips
Spread from 0.7 pips
Platforms and Tools
Platforms and Tools
eToro trading platform
MT4
US Traders
US Traders
Allowed
Allowed

eToro Vs LQDFX: Our Scores and Ratings

We rated both brokers, eToro and LQDFX, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

eToro :

9.1
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)9.5
Trading Education (5%)9

LQDFX :

4.2
LQDFX Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)7
Trading (15%)6
Trading tools (10%)2
Customer Support (10%)8
Trading Education (5%)6

Final Verdict :

Both eToro and LQDFX are online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. eToro is a multi-asset and social trading platform, providing over 5000+ trading instruments, including Forex, CFDs, real stocks, and cryptocurrencies. It offers both leverage and non-leverage tradable assets. On the other hand, LQDFX is a forex and CFD broker that offers a wide range of trading instruments, including Forex, CFDs, indices, cryptocurrency CFDs, and commodity CFDs. Both platforms accept US clients.CFD trading is not usually allowed in the USA. Since offshore forex brokers are not regulated by any regulatory authority authorities, they can accept clients from anywhere, including the USA. 

Our score for eToro is 8.5, and for LQDFX, it is 4.4 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose eToro. However, if you prefer offshore or unregulated forex and CFD brokers, you may choose LQDFX. Trading with unregulated or offshore forex brokers is always risky and not recommended.

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.

Disclosure:  At Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

Leave a Comment