Forex traders always look for trading with brokers that suit their trading needs and preferences. HotForex and LQDFX are online forex brokers that offer their trading services to traders and investors. HotForex is a highly regulated and trusted forex broker. It is regulated in two tier-1 jurisdictions, three tier-2 jurisdictions, and three tier-4 jurisdictions. On the other hand, LQDFX is an offshore forex broker which is not regulated by any regulatory bodies.
In this article, we will review and compare the brokerage services offered by HotForex and LQDFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.
Hotforex vs LQDFX: In a Nutshell
Hotforex
Founded in 2010, HFM is a renowned broker with multiple regulations and ultra-fast executions of over 1000 trading instruments on its proprietary and MetaTrader platforms. The broker has received over 60 industry awards for outstanding performance. It boasts of about 2.5 million clients from all over the world.
Risk warning: 71.25% of retail investor accounts lose money
Hotforex Overview
- Founded In: 2010
- Founder: George Koumantaris
- Headquarters: St. Vincent & the Grenadines
- Minimum Deposit: $5
- Maximum Leverage: 1:1000
- Regulations: FCA, DFSA , FSCA ,FSA,CMA
- Trading platform: MT4, MT5, HFM Platform
- Account Types: Cent, Zero, Pro, Premium
- Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, PayRedeem, Skrill, UnionPay, WebMoney
- US Traders: Not Accept
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.
- 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
Hotforex vs : LQDFX Features
Hotforex:
- Trading Instruments: 3000+ trading instruments including Forex, Metals, Energies, Indices, Stocks, Commodities, Bonds, ETFS, Cryptos
- Maximum leverage: The maximum leverage of Oanda is 1:200 (global), 1:50 (US), 1:30 (EU)
- Minimum Deposit: No Minimum Deposit.
- Account Types: Two (Standard, Elitetrader)
- Trading Fees: Spreads range from 0.1 to 0.6, and commissions range from 3.5 to 4 per lot (depending on account type).
- PAMM/ MAM:
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
LQDFX
- Trading Instruments: FX, Indices, Commodities, Metals, Cryptos
- Maximum leverage: 1000:1
- Minimum Deposit: $20
- Account Types:Â 4 (Standard, Pro, Var, Mini)
- Trading Fees: Commissions on Fx apply, $2.50 per 100,000
- PAMM/ MAM:Â Not Available
- Scalping: AllowedÂ
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Hotforex vs LQDFX: Pros and Cons
Hotforex Pros & Cons
- Regulated by the CySEC, FCA, FSCA, DFSA, CMA, FSC Mauritius, and FSA Seychelles.
- The Maximum Leverage is as high as 1:2000
- Favorable trading conditions and low spreads - from 0 pips;
- Trading is available on the MT4, MT5, and HFM trading app
- Available trading tools are MT4 premium trader tools, Autochartist, free VPS, etc
- Insurance coverage of up to $5,000,000
- Copy trading via HF Copy.
- Market news, analysis, outlook, and webinars are provided by a dedicated team of analysts.
- Premium Pro account requires a $5000 minimum balance
- To copy trades on HF copy, you need a deposit of €300.
- No micro accounts for European beginner traders.
- No bonuses for EU Clients
- Few account currencies, which is why some clients have to pay for double conversion
- Customer support is closed on weekends.
LQDFX Pros & Cons
- 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.
- 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
HotForex vs LQDFX: Side-by-Side Comparison
HotForex Vs LQDFX: Our Scores and Ratings
We rated both brokers, HotForex 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.
HotForex :
LQDFX
Final Verdict :
Both HotForex and LQDFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. HotForex is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA , CySEC, CMA, FSC Mauritius, SVGFSA ,FSA -S, FSCA, DFSA. On the other hand, LQDFX is an unregulated offshore forex broker. HotForex provides Multiple trading platforms including MT4, MT5. On the Contrary, LQDFX uses MT4 as its trading platform
As HotForex is not licensed in the USA, it cannot accept US clients. Being an unregulated offshore forex broker, LQDFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for HotForex, while US traders looking for offshore forex brokers may consider LQDFX. Trading with offshore forex brokers is risky and not recommended.
