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
ProsperityFX
ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.
ProsperityFX Overview
- Founded In: 2020
- Minimum Deposit: Between $25 and 500 (Standard Account: $50, Pro: $500, Var: $250, Mini: $25, Islamic:$50
- Maximum Leverage: 500:1
- Regulations: None
- Trading platform: MT4
- Account Types: Standard, Pro, Var, Mini
- Payment Options: VISA, MasterCard, Bitcoin
- US Traders: Accepted
LQDFX vs ProsperityFX: Side By Side Comparison
Product
Product
LQDFX
Prosperityfx
Founded In
Founded In
2016
2020
Founded By
Founded By
Not Found
Lee Sullivan
Headquarters
Headquarters
Gros-Isle, Saint Lucia
Kingstown, St. Vincent and the Grenadines
Regulations
Regulations
None
None
Min Deposit
Min Deposit
$20
$25
Max Leverage
Max Leverage
1:300
500:1
Tradable Assets
Tradable Assets
FX, Indices, Commodities, Metals, Cryptos
Trade Forex, Indices, Commodities and Cryptocurrencies with some of the tightest spreads available in the market
Fees
Fees
Spread from 0.7 pips
Spread from 0.8 pips
Platforms and Tools
Platforms and Tools
MT4
MT4
US Traders
US Traders
Allowed
Allowed
LQDFX vs ProsperityFX: 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
ProsperityFX Pros & 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
- ProsperityFX 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
