LQDFX vs EagleFX: In a Nutshell
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
EagleFX
Though EagleFX is unregulated, it asserts that clients’ Bitcoin deposits are safely stored in a cold storage location. Bitcoin is the primary payment option used by EagleFX. You can start trading with just $10 on its MT4 platforms and enjoy deep liquidity, tight spreads, and speedy STP executions.
- Founded In: 2019
- Minimum Deposit: $10
- Maximum Leverage: 500:1
- Regulations: None
- Trading platform: MT4 , Webtrader
- Account Types:
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin
- US Traders: Currently Not Accepted. However, Old traders can still trade.
LQDFX vs EagleFX: Side By Side Comparison
Product
Founded In
Founded In
2015
2019
Founded By
Founded By
Not Found
Not Found
Headquarters
Headquarters
Gros-Isle, Saint Lucia
Roseau Valley 00152, Dominica
Regulations
Regulations
None
None
Min Deposit
Min Deposit
$10
$10
Max Leverage
Max Leverage
1:300
500:1
Tradable Assets
Tradable Assets
FX, Indices, Commodities, Metals, Cryptos
Currencies , Cryptocurrencies, Commodities , Stocks , Indices , Futures
Fees
Fees
Spread from 0.7 pips
Spread from
Platforms and Tools
Platforms and Tools
MT4
MT4 , WebTrader
US Traders
US Traders
Allowed
Allowed
LQDFX vs EagleFX: Pros and Cons
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
EagleFX Pros & Cons
Pros
- The maximum leverage is as high as 1:500
- The minimum deposit is as low as $10
- Scalping Hedging, News trading, and the use of trading robots are allowed
- Speedy STP trade executions in less than a second.
- Over 150 trading instruments can be traded on the platforms.
- Offers free demo accounts
- The round-turn commission is $6, which is low and competitive compared to others.
- Zero Fees on Deposit and Withdrawal
- Offers Crypto CFD Trading
Cons
- The broker is not regulated
- No investor protection scheme for traders
- No managed accounts, social trading, or any provision for investors.
- Limited Deposit and Withdrawal Options
- Ctrader, Zulutrade, and Tradingview are not available
- There are no educational resources
