Tickmill vs LQDFX Comparison (2024)

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Forex traders always look for trading with brokers that suit their trading needs and preferences. Tickmill and LQDFX are online forex brokers that offer their trading services to traders and investors. Tickmill is a highly regulated and trusted forex broker. It is regulated in  two tier-1 jurisdictions, one tier-2 jurisdiction, one tier-3 jurisdiction and one tier-4 jurisdiction. 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 Tickmill 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.

Tickmill vs LQDFX: In a Nutshell

Tickmill

Co-founded by Ingmar Mattus, Illimar Mattus, and Nikolai Nikolajenko in 2014, Tickmill is a forex and CFD broker that offers online trading services to traders and investors worldwide. The current CEO of Tickmill is Sudhanshu Agarwal. The company has offices in the UK, Cyprus, South Africa, Seychelles, and Malaysia. Tickmill offers trading services in forex, stock indices, commodities, cryptocurrencies, bonds, and stocks. The company provides its services to both institutions and individual clients worldwide. Tickmill is regulated by top regulatory authorities including FCA, CySEC, FSA, FSA (Labuan), and FSCA. The broker offers a wide range of trading platforms and tools including MT4, MT5, WebTrader, an economic calendar, VPS, Capitalise.ai, a forex calculator, and more. To learn more, you can read our review on Tickmill.

Tickmill Overview

Tickmill Overview
  • Founded In: 2014
  • Founder: Ingmar Mattus
  • Headquarters: London, England
  • Minimum Deposit: $100
  • Maximum Leverage: 1:500
  • Regulations: FCA, CySEC, FSA, FSA (Labuan), and FSCA.
  • Trading platform:MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
  • Account Types: Classic, Pro, VIP, Demo, Islamic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, FasaPay, Globe Pay, Local Bank Transfers, Neteller, Ngan Luong, Qiwi, Skrill, SticPay, UnionPay
  • 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.

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 

           

Tickmill vs : LQDFX Features

Tickmill:

  • Trading Instruments: A wide range of trading instruments including  Forex, Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks
  • Maximum leverage: The maximum default leverage is 500:1. However in some countries or tradable assets the broker offers 1000:1 leverage. 
  • Minimum Deposit: $100 or equivalent for all account types. 
  • Minimum Withdrawal: $25 or equivalent. 
  • Trading Fees: Spreads start from 1.6 pips for the Classic Account (no commission). The Raw Account has a spread of 0.0 pips with a commission of $3 per lot per side.
  • Account Type: Two ( Classic Account, Raw Account) 
  • PAMM/ MAM: Available
  • Scalping: Allowed 
  • News Trading: Allowed 
  • EA/ Robot: Allowed

LQDFX

  • Trading Instruments: FX, Indices, Commodities, Metals, Cryptos
  • Maximum leverage: 1000:1
  • Minimum Deposit: $20
  • Account Types:  4 (Standard, Pro, Var, Mini)
  • Trading Fees: Commissions on Fx apply, $2.50 per 100,000
  • PAMM/ MAM:  Not Available
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Tickmill vs LQDFX: Pros and Cons

Tickmill Pros & Cons

Pros
  • Regulated by FCA, CySEC, FSA, FSA-S, FSCA etc 
  • The Maximum Leverage is as high as 1:500
  • Spread starts as low as 0.0 Pips 
  • Fast and Easy Account Opening 
  • Allows scalping, EA/Robot trading, news trading
  • Offers MAM account for passive investors 
  • No fees for Deposit and Withdrawal
Cons
  • You can not deposit less than $100. 
  • Does not offer popular trading platforms like MT5, cTrader, Tradingview etc
  • No Proprietary Trading Platform Offered
  • PAMM Account is not offered 
  • No cent account for beginners 
  • The minimum deposit of a VIP account is $50000

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

Tickmill vs LQDFX: Side-by-Side Comparison

Tickmill
LQDFX
Product
Product
Tickmill
LQDFX
Founded In
Founded In
2014
2015
Founded By
Founded By
Ingmar Mattus
Not Found
Headquarters
Headquarters
London, England
Gros-Isle, Saint Lucia
Regulations
Regulations
FCA, DFSA, FSCA, CySEC, FSA- Labuan, FSA-S
None
Min Deposit
Min Deposit
$100
$20
Max Leverage
Max Leverage
1:1000
1:300
Tradable Assets
Tradable Assets
Forex, stock, indices, commodities, bonds, cryptocurrencies, Futures & options
FX, Indices, Commodities, Metals, Cryptos
Fees
Fees
Spread starting from 1.6 pips or commission $3
Spread from 0.7 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, WebTrader Platform, MetaTrader for Mac , Tickmill Mobile App
MT4
US Traders
US Traders
Not Allowed
Allowed

Tickmill Vs LQDFX: Our Scores and Ratings

We rated both brokers, Tickmill 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.

Tickmill :

8.9
Total Score
Regulation and Security (40%)9.5
Fees and Commissions (20%)9
Trading (15%)7.6
Trading tools (10%)8.4
Customer Support (10%)9
Trading Education (5%)9.2

LQDFX

4.2
LQDFX Scores
Regulation and Security (40%)1.5
Fees and Commissions (20%)7
Trading (15%)6
Trading tools (10%)2
Customer Support (10%)8
Trading Education (5%)6

Final Verdict :

Both Tickmill and LQDFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Tickmill is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA , CySEC, FSA-S, FSA(Labuan) and FSCA. On the other hand, LQDFX is an unregulated offshore forex broker. Tickmill provides Multiple trading platforms including MT4, MT5. On the Contrary, LQDFX uses MT4 as its trading platform

As Tickmill 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 Tickmill, while US traders looking for offshore forex brokers may consider LQDFX. Trading with offshore forex brokers is risky and not recommended.

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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