TD Ameritrade vs LQDFX: In a Nutshell
TD Ameritrade
Founded in 1971 as Ameritrade, TD Ameritrade is a well-known American online brokerage firm that offers a wide range of financial services including stocks, Forex, options, ETFs Mutual Funds, fixed income and other investment products TD Ameritrade went through a couple of acquisitions and mergers. In 2006, it acquired the US operations of TD Waterhouse, followed by the acquisition of Scottrade in 2017. Finally, in 2020, Charles Schwab Corporation acquired TD Ameritrade. TD Ameritrade provides access to both US and non-US traders to trade on this platform.
TD Ameritrade At a Glance
- Founded In: 1978
- Minimum Deposit: $0
- Maximum Leverage: 1:50
- Regulations: SEC , FINRA , SIPC
- Trading platform: Web Platforms, thinkorswim desktop, thinkorswim® web, Mobile Trading
- Account Types: Standard, Retirement, Education and Specialty accounts.
- Payment Options: Bank Wire (BankTransfer/SWIFT), ACH (Automated Clearing House), Check, Physical Stock Certificates, Transfer from Existing Broker
- US Clients : Accepted
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
TD Ameritrade vs LQDFX: Side By Side Comparison
TD Ameritrade vs LQDFX: Pros and Cons
TD Ameritrade Pros & Cons
- ETF, non-penny stock, and options trades are commission-free
- Expansive trading tools and resources for all types of investors
- Low trading fees (free stock and ETF trading)
- Regulated by FINRA, SIBC
- Part of Charles Schwab Corporation since October 2020, with a combined 28 million clients and $6 trillion in assets.
- The company does not charge fees for trading in American and Canadian stocks, options, and ETFs.
- There is a large selection of investments from which to choose
- Broker-assisted trades are somewhat costly
- No direct crypto Trading
- Forex trading via thinkorswim, a trading platform where you can trade forex
- No MT4, MT5, cTraders trading platforms are offered
- Fractional shares are not offered
- Accounts mostly limited to US residents
- As a U.S.-only forex broker, TD Ameritrade does not offer copy trading or MetaTrader (MT4).
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
TD Ameritrade Vs LQDFX: Our Scores and Ratings
We rated both brokers, TD Ameritrade 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.
