LQDFX vs CEX.IO

LQDFX vs CEX.IO Comparison Table 2024
LQDFX CEX.IO
4.5
3.7

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.

CEX.IO is one-stop-shop for crypto investors where you can buy and sell popular digital tokens, speculate on prices with margin trading and earn rewards through staking. Since it launched in 2013, more than five million traders have deposited over $7.5 billion. CEX.IO is registered with the FinCEN in the US and the GFSC in the EU.

Customer Reviews
3
3
Bonus Offer
100% deposit bonus up to $20,000
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." "CEX.IO continues to serve a range of crypto investors looking to buy, sell, trade, hold and earn with low fees. The tiered pricing structure will appeal to active traders while rookie investors will enjoy the straightforward platform interface and excellent education."
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 proprietary terminal features an advanced charting package from TradingView, including 50+ technical indicators
  • CEX.IO continues to offer competitive pricing with 0.01% taker and 0% maker fees for high-volume traders
  • The range of 200+ cryptocurrencies is competitive and will serve more experienced traders
  • CEX.IO has remained a trusted crypto exchange since its launch, with 5+ million users
  • High quality educational materials are available through the University feature
  • There's a wide range of global payment methods available including PayPal
  • The broker offers 24/7 support with fast response times during tests
  • The $20 minimum deposit makes the broker accessible for beginners
  • Crypto leverage is available up to 1:3
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
  • The Exchange Plus platform delivers a cluttered interface compared to competitor platforms
  • Deposit and withdrawal fees are relatively high, including 0.3% + $25 for SWIFT withdrawals
  • It's a shame that there's no demo account for traders looking to practice strategies
  • A maintenance fee applies after 12 months of no activity
  • The broker has limited regulatory oversight
Awards
  • Best ECN Broker 2017
  • Most Reliable Broker 2017
  • Most Secure Bitcoin and Cryptocurrency Exchange Platform 2023, World Business Outlook
  • Leading Cryptocurrency Exchange Platform 2023, World Business Outlook
  • Best Cryptocurrency Exchange Platform 2023, Global Brands Magazine
Instruments
Forex, CFDs, Stocks, Indices, Commodities, Crypto Cryptos
Demo Account
Yes No
Minimum Deposit
$20 $20
Trading Platforms
  • MT4
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
GFSC
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4.4
3.1
iOS App Rating
4.8
4.6
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes - through APIs
Copy Trading
No No
Social Trading
No No
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
  • USD
  • EUR
  • GBP
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. CEX.IO offers hundreds of popular cryptocurrencies including big names like Bitcoin, Ethereum and Litecoin. The trading platform is well-designed with sophisticated charting and analysis tools, including 50+ in-built indicators. Traders can also reduce their monthly volumes through the tiered pricing structure.
Spread
1.02 - 28.0 pips 0.15% maker & 0.25% taker (Standard)
Coins
  • BTC
  • LTC
  • ETH
  • DSH
  • XRP
  • BCH
  • NEO
  • ZEC
  • XMR
  • ADA
  • BNB
  • SOL
  • LUNA
  • ZRX
  • 1INCH
  • AAVE
  • BTC
  • BCH
  • ADA
  • LINK
  • COMP
  • ATOM
  • DAI
  • DOGE
  • ETH
  • GUSD
  • ICP
  • LTC
  • LRC
  • MATIC
  • MKR
  • DOT
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • SNX
  • USDT
  • XTZ
  • USDC
  • UNI
  • WBTC
  • ZIL
Crypto Lending
No Yes
Crypto Mining
No Yes
Crypto Staking
No Yes
Auto Market Maker
No No
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