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LQDFX vs Gemini

LQDFX vs Gemini Comparison Table 2024
LQDFX Gemini
Review
4.5
Review
3.8

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.

Gemini is a cryptocurrency exchange set up in 2014 by the Winklevoss brothers, known for their early involvement in Facebook. The exchange is among the world’s 20 largest and most popular. Gemini clients can trade and stake 110+ cryptocurrencies, with derivatives trading available in some jurisdictions, an advanced proprietary platform and additional features including an NFT marketplace.

Customer Reviews
3
Based on 1 LQDFX customer reviews
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." "Gemini’s ActiveTrader platform and TradingView integration make it a good choice for serious crypto traders seeking a reliable charting environment, though we were disappointed by some unnecessary fees and previous security breaches."
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 trading app features a user-friendly, modern design and intuitive interface, with an excellent range of charting tools for day traders
  • The TradingView integration delivers top-quality tools, including backtesting and algo trading capabilities
  • The exchange ensures high security standards with 2FA a requirement for all crypto investors
  • Crypto perpetual futures are available in many jurisdictions with up to 1:100 leverage
  • There is a decent range of educational guides and tutorials suitable for beginners
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 has a history of concerning incidents including the collapse of its Earn program and a phishing breach
  • The 'convenience fee' for using the mobile app seems arbitrary and makes it inefficient to use this feature
  • There are high fees for some funding methods including a 3.49% fee for card transactions
  • Some larger coins by market cap are not available to buy through Gemini
  • There is no practice profile or demo account for prospective traders
Awards
  • Best ECN Broker 2017
  • Most Reliable Broker 2017
  • Best Cryptocurrency Exchange 2019 - Markets Choice Awards
  • Best Crypto Exchange Overall 2022 - The Ascent
Instruments
Forex, CFDs, Stocks, Indices, Commodities, Crypto Cryptos
Demo Account
Yes No
Minimum Deposit
$20 $0
Trading Platforms
  • MT4
  • ActiveTrader
  • AlgoTrader
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots 0.00001 BTC
Regulator
NYDFS, MAS, FCA
Margin Trading
Yes No
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 No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader
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
  • CAD
  • AUD
  • HKD
  • SGD
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. Gemini offers a relatively small range of 110+ cryptocurrencies on its exchange, which is anchored by the native Gemini Dollar stablecoin, as well as perpetual swap derivatives. The powerful ActiveTrader platform is optimized for online trading, delivering a wide range of technical indicators and up to 7 time frames.
Spread
1.02 - 28.0 pips Transaction fee from $0.99
Coins
  • BTC
  • LTC
  • ETH
  • DSH
  • XRP
  • BCH
  • NEO
  • ZEC
  • XMR
  • ADA
  • BNB
  • SOL
  • LUNA
  • BTC
  • ETH
  • XRP
  • ADA
  • DOGE
  • DOT
  • BCH
  • LTC
  • UNI
  • LINK
  • FIL
  • XLM
  • WBTC
  • EOS
  • SOL
  • AAV
  • XTZ
  • ATOM
  • MKR
  • DAI
  • COMP
  • ZEC
  • ENJ
  • GRT
  • SNX
  • BAT
  • MANA
  • YFI
  • UMA
  • ZRX
  • OMG
  • BNT
  • REN
  • CRV
  • 1INCH
  • LRC
  • KNC
  • STORJ
  • GNT
  • SKL
  • SAND
  • BAL
  • NMR
  • KEEP
  • OXT
  • LOOM
  • PAXG
  • BRD
  • CSP
  • TBTC
  • WNXM
  • FXC
  • AMP
  • WTON
  • LUNA
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Review
Review
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