Hugosway vs LQDFX Compared 2024

Published :
Written by
Hugosway
LQDFX
Product
Founded In
Founded In
2018
2015
Founded By
Founded By
Not Found
Not Found
Headquarters
Headquarters
St. Vincent and the Grenadines
Gros-Isle, Saint Lucia
Regulations
Regulations
None
None
Min Deposit
Min Deposit
$10
$20
Max Leverage
Max Leverage
1:500
1:300
Tradable Assets
Tradable Assets
Forex, cryptos, commodities, indices and stocks CFDs
FX, Indices, Commodities, Metals, Cryptos
Fees
Fees
Spread from
Spread from 0.7 pips
Platforms and Tools
Platforms and Tools
MT4
MT4
US Traders
US Traders
Allowed
Allowed

Hugosway vs LQDFX : In a Nutshell

Hugosway

Founded in 2017, Hugosway has been attracting traders from all over the world with its focus on ECN pricing and trading. Only commissions are charged on trades and no spread mark-ups. Low minimum deposit, high leverage, and 24/7 support are some of the strengths of Hugosway.

Hugosway Overview

Hugosway Overview
  • Founded In: 2017
  • Minimum Deposit: $10
  • Maximum Leverage: 1:500
  • Regulations: None 
  • Trading platform: MT4 
  • Account Types: Live account, Demo Account
  • Payment Options: BTC, Credit/debit cards, Bank transfer,
  • US Traders: Accepted   
89% CFD Trader Lose 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 

           

Hugosway vs LQDFX : Pros and Cons

Hugosway Pros and Cons

Pros
  • Low Minimum Deposit - Starting from $10
  • Allow Crypto CFD Trading 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading and News Trading 
  • Hugosway Accepts Crypto Deposits
Cons
  • Offshore Broker with very limited information
  • Limited Deposit and Withdrawal Option 
  • Spread sometimes  widens during market volatility
  • Unregulated Forex broker  
  • No Managed Account Options

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
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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