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LQDFX vs Oanda

LQDFX vs OANDA Comparison Table 2023
LQDFX OANDA
Review
4.4
Review
4.5

OANDA is #1 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.

OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus

OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
Pros
  • MetaTrader 4
  • 1:500 leverage
  • Sign up deposit bonus
  • $20 minimum deposit
Cons
  • No copy trading
  • No MetaTrader 5
  • Unregulated trading broker
Awards
  • Best ECN Broker 2017
  • Most Reliable Broker 2017
  • Best US Broker 2023 - DayTrading.com
  • Best Trading Tools winner
  • (Online Personal Wealth Awards 2021)
  • Awarded highest overall client satisfaction
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Awarded highest client satisfaction for mobile platform/app
  • (Investment Trends 2021 US Leverage Trading Report, Margin Forex)
  • Voted Most Popular Broker 2021
  • (TradingView Broker Awards)
  • Voted Best Forex and CFD Broker 2021
  • (TradingView Broker Awards)
Bonus
100% deposit bonus up to $20,000 $5,000 welcome bonus with a deposit of $500
Instruments
Forex, CFDs, indices, commodities, cryptos Forex
Demo Account
Yes Yes
Minimum Deposit
$20 $0
Payment Methods
Debit card (Visa or Mastercard), Automated Clearing (ACH), bank transfer deposits
Minimum Trade
0.01 lots $0
Regulator
None CFTC, NFA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
No 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 Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android FxTrade, MT4
Auto Trading
Yes (EAs) EAs
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 Yes
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs with tight spreads and high leverage. CFD trading not offered
Leverage
1:100 - 1:500 1:30 EU, 1:200 Global
FTSE Spread
11.9 - 12.0 pips (depending on account) 1.0
GBPUSD Spread<
0.1 - 1.8 pips (depending on account) 3.4
Oil Spread
0.12 - 0.19 pips (depending on account) 3.0
Stocks Spread
Variable Variable
Forex Trading
Trade on FX pairs with 1:500 leverage. Take positions on major, minor and exotic currency pairs with competitive trading conditions.
Forex App

The FxTrade app is OANDA’s proprietary forex trading application. One-click trading, historical price history and straightforward account management is available. Traders can speculate on 70 major, minor and exotic currency pairs. The forex app is available to download from the Apple App Store and Google Play.
GBPUSD Spread
0.1 - 1.8 pips (depending on account) 3.4
EURUSD Spread
0.1 - 1.2 pips (depending on account) 1.6
EURGBP Spread
0.5 - 1.7 pips (depending on account) 1.7
Assets
71 70
Cryptocurrency
Trade 16 well-known cryptos, the majority paired with USD or EUR. Speculate on the world's biggest cryptos by market cap
Spread
1.02 - 28.0 pips $100
Coins
  • BTC
  • LTC
  • ETH
  • DSH
  • XRP
  • BCH
  • NEO
  • ZEC
  • XMR
  • ADA
  • BNB
  • SOL
  • LUNA
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • MATIC
  • UNI
  • AAVE
  • SOL
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.
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