IronFX vs LQDFX

IronFX vs LQDFX Comparison Table 2023
IronFX Review 2023 LQDFX Review 2023
3.8
4.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

IronFX is a multi-regulated broker offering CFD trading on forex, stocks, indices and commodities through the MetaTrader 4 platform. The broker offers various account types with competitive pricing, including spreads from zero on STP/ECN accounts. Leverage varies by regulator between 1:30 and 1:1000.

LQDFX is a straight-through processing (STP) broker based in the Marshall Islands. The offshore trading firm offers competitive spreads from 0.0 pips, free deposits, 24/5 support and access to the hugely popular MetaTrader 4 platform. LQDFX also runs a competitive bonus program with welcome incentives.

Bonus Offer
Traders can choose between: 100% unlimited Sharing Bonus – minimum $200 deposit. 40% Power Bonus up to $4,000 – minimum $500 deposit. 20% Iron Bonus up to $2,000 – minimum $100 deposit. 100% deposit bonus up to $20,000
Comment by Reviewer
"IronFX is a good choice for beginner and intermediate forex traders looking to trade an extensive list of currencies with competitive spreads." "LQDFX is best for active forex traders looking for ultra-tight spreads and high leverage up to 1:500."
Pros
  • IronFX holds licenses with top-tier regulators
  • A choice of welcome bonuses is available to new users
  • The TradeCopier platform facilitates beginner-friendly copy trading
  • Fixed and floating spread trading accounts are available
  • High leverage up to 1:1000 is offered (location dependent)
  • Multiple account types including Islamic
  • Welcome deposit bonus up to $20,000
  • STP broker with fast execution speeds
  • Strong educational resources for beginners
  • Industry favorite MT4 platform and app
  • Minimum deposit from just $20
  • Tight spreads from 0 pips
  • Leverage up to 1:500
  • Free demo profile
  • Market execution
  • PAMM account
Cons
  • Relatively poor selection of non-forex assets
  • No support for MetaTrader 5 platform
  • Sizable fees charged to inactive accounts
  • No MetaTrader 5 integration
  • Weak regulatory oversight
  • No copy trading platform
Awards
  • Best Online Trading Platform (2019)
  • Best Broker of the Year (2019)
  • Most Trustworthy Forex Broker Global (2019)
  • Best Online Trading & Financial Services Company (2020)
  • Best Online Forex Trading Platform (2021)
  • International Online Currency Trading Platform of the Year (2021)
  • Most Outstanding Online Trading Partners Program (2022)
  • Best ECN Broker 2017
  • Most Reliable Broker 2017
Instruments
Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs) CFDs, Forex, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$100 $20
Trading Platforms
  • MT4
  • AutoChartist
  • TradingCentral
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, FSCA, BMA / Bermuda None
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
Yes No
PAMM Account
Yes Yes
LAMM Account
Yes No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Android, iOS, WebTrader iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
TradeCopier allows aspiring investors to copy the strategies of top traders in real-time. Funds can be withdrawn at any time with real-time account management features.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
3%
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • PLN
  • CZK
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
IronFX's asset list of 300+ instruments including forex, stocks, commodities and indices are traded via CFDs. Spreads are floating and vary by account type, and maximum leverage from 1:30 to 1:1000 is available depending on your account location. LQDFX offers a modest collection of CFDs covering currencies, metals, stocks, indices, commodities and cryptos. Traders can go long or short with real-time quotes and a choice of live accounts to suit different trading strategies.
Leverage
1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM) 1:100 - 1:500
FTSE Spread
From 140 11.9 - 12.0 pips (depending on account)
GBPUSD Spread
From 0.8 0.1 - 1.8 pips (depending on account)
Oil Spread
From 3 0.12 - 0.19 pips (depending on account)
Stocks Spread
Variable Variable
Forex Trading
IronFX offers 80 currency pairs with an excellent selection of minors and exotics as well as majors. Trading takes place on the MT4 or a proprietary platform with spreads from zero available to ECN accounts. IronFX offers more currency assets than virtually all competitors. LQDFX offers an extensive list of 70+ currency pairs, more than most alternatives. Spreads are ultra-low and high leverage is available on the market-leading MT4 platform.
GBPUSD Spread
From 0.8 0.1 - 1.8 pips (depending on account)
EURUSD Spread
From 0.7 0.1 - 1.2 pips (depending on account)
EURGBP Spread
From 0.9 0.5 - 1.7 pips (depending on account)
Assets
80+ 71
Cryptocurrency
Crypto trading not offered Trade 16 well-known cryptos including Bitcoin, the majority paired with USD or EUR. Spreads are low and there are no requotes and fast order execution speeds.
Spread
1.02 - 28.0 pips
Coins
  • BTC
  • LTC
  • ETH
  • DSH
  • XRP
  • BCH
  • NEO
  • ZEC
  • XMR
  • ADA
  • BNB
  • SOL
  • LUNA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
IronFX
vs
LQDFX
vs