LQDFX vs BitMEX

LQDFX vs BitMEX Comparison Table 2024
LQDFX BitMEX
4.5
3.2

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 for short-term traders.

BitMEX is a crypto exchange and derivatives trading platform, launched in 2014. The firm offers a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.

Customer Reviews
3
Bonus Offer
100% deposit bonus up to $20,000 Fee reduction for BMEX token holders
Comment by Reviewer
"LQDFX is best for active day traders looking for ultra-tight spreads, low fees and high leverage up to 1:1000. Forex traders will particularly appreciate the strong range of 70+ currency pairs with minimum deposits starting from $20." "Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering, with Perpetual Contracts available. The 100x leverage on Bitcoin is also higher than many alternatives."
Pros
  • There are multiple STP account types with fast execution speeds, plus an Islamic swap-free option and PAMM accounts
  • The broker offers the industry favorite MT4 platform and mobile app, with 30 technical indicators for chart analysis
  • The $20 minimum initial deposit is accessible for beginners, and the Micro account will serve those looking to trade in smaller volumes
  • Tight forex spreads from 0.0 are available in the raw spread account and the $3.50 per lot commissions are in line with competitors
  • Leverage is available up to 1:1000 for experienced day traders
  • The Guilds social trading service allows traders to participate in competitions and earn rewards, including a weekly prize pool worth 4,000 USDT at the time of writing
  • BitMEX continues to deliver a considerable amount of market information for free, as well as trading guides and community channels on Discord, Telegram and more
  • The broker offers high levels of security, using a combination of hot and cold wallets and cryptography key management
  • The native token, BMEX, can be staked with up to 15% trading fee discounts, among other exclusive privileges
  • Comprehensive customizability is available within the platform, with movable widgets and order book filters
  • Traders have the opportunity to connect with investors using the intuitive inbuilt chat feature
  • The exclusive crypto platform makes it more streamlined than other multi-asset terminals
  • Traders can earn interest if they HODL Tether and Bitcoin
  • The broker offers 2 API systems for seasoned traders
Cons
  • There are no additional charting platforms available, such as MT5 or a proprietary solution
  • The lack of regulatory oversight is a concern, although the broker does claim to use segregated accounts and balance protection
  • It's a shame that there's no copy trading platform for beginners or experienced strategy providers
  • Market research tools and educational resources are very limited compared to top brands like IG
  • BitMEX is an offshore firm and is not regulated by any reputable authority, though this is common among crypto brokers
  • BitMEX is geared towards more active traders, with fewer tools and features aimed at newbies
  • The broker was involved in a legal dispute with US regulators which resulted in fines
  • Withdrawals are only carried out at a specified time of day
  • Only Bitcoin is accepted for free withdrawals
Awards
  • Best ECN Broker 2017
  • Most Reliable Broker 2017
Instruments
Forex, CFDs, Stocks, Indices, Commodities, Crypto Crypto
Demo Account
Yes Yes
Minimum Deposit
$20 $0.01
Trading Platforms
  • MT4
  • BitMEX Web Platform
  • AlgoTrader
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
Republic of Seychelles
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
Yes No
DMA Account
Yes No
MAM Account
No No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No Yes
P2P Trading
No Yes
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4.4
3.2
iOS App Rating
4.8
3.2
Auto Trading
Expert Advisors (EAs) on MetaTrader BitMEX Market Maker, BotVS, and via API
Copy Trading
No No
Social Trading
No Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
LQDFX offers a modest collection of CFDs covering currencies, metals, stocks, indices, commodities and cryptos. The 50+ technical indicators and drawing tools pre-included in MT4 will facilitate both short-term and long-term strategies. CFD trading not offered
Leverage
1:1000
FTSE Spread
0.90
GBPUSD Spread
0.1
Oil Spread
0.05
Stocks Spread
0.05 (Apple Inc)
Forex Trading
LQDFX offers an extensive list of 70+ currency pairs, more than most alternatives. Spreads are low, coming in at 0.2 pips for EUR/GBP during peak market hours and the low/no commission models will suit beginners and high-volume forex traders. Forex trading not offered
GBPUSD Spread
0.1
EURUSD Spread
0.1
EURGBP Spread
0.5
Assets
71
Cryptocurrency
You can trade 16 well-known cryptos including Bitcoin, the majority paired with USD or EUR. Spreads are low, starting from 1.02 pips. You can also deposit instantly via crypto with minimum deposits from $20 and no fees. BitMEX continues to offer a highly competitive crypto trading environment, with cheap $1 contracts and leverage up to 1:100. The broker’s proprietary platform offers cutting-edge trading features, including a customizable order book, a depth chart and dozens of technical indicators.
Spread
1.02 - 28.0 pips -0.01% maker, 0.075% taker
Coins
  • BTC
  • LTC
  • ETH
  • DSH
  • XRP
  • BCH
  • NEO
  • ZEC
  • XMR
  • ADA
  • BNB
  • SOL
  • LUNA
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • TRON
  • EOS
  • XMR
  • ADA
  • DOGE
  • BNB
  • DOT
  • SOL
  • SHIB
  • AVAX
  • GAL
  • NEAR
  • SUSHI
  • AXS
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No Yes
More Comparisons
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