LQDFX vs Oanda

LQDFX vs OANDA Comparison Table 2023
LQDFX OANDA
4.5
4.3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.

Bonus Offer
100% deposit bonus up to $20,000
Comment by Reviewer
"LQDFX is best for active forex traders looking for ultra-tight spreads and high leverage up to 1:500." "Based on tests, OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best-in-class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget."
Pros
  • 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
  • Oversight from tier-one regulators like the FCA and ASIC makes the broker reliable and trustworthy
  • The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
  • The OANDA Trade web platform easy to learn and features sophisticated charting tools and market research
  • The brand has an excellent reputation and 25 years' experience with a string of awards
  • There are no restrictions on trading strategies with scalping, hedging and netting permitted
  • The $0 minimum deposit will appeal to newer traders
  • With 68 forex pairs the broker will serve active forex traders
  • Spreads are tight and there are zero hidden fees
Cons
  • No MetaTrader 5 integration
  • Weak regulatory oversight
  • No copy trading platform
  • There is a narrow range of payment methods with no PayPal
  • High-volume traders get limited fee rebates or perks
  • Weekend customer support isn't available
  • Social and copy trading tools aren't supported
Awards
  • Best ECN Broker 2017
  • Most Reliable Broker 2017
  • Best Trading Tools winner 2021 - Online Personal Wealth Awards
  • Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Voted Most Popular Broker 2021 - TradingView Broker Awards
  • Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
CFDs, Forex, Indices, Commodities, Crypto Forex, Stocks, Commodities, Indices, Bonds, ETFs, Crypto, Spread Betting
Demo Account
Yes Yes
Minimum Deposit
$20 $0
Trading Platforms
  • MT4
  • OANDA Trade
  • MT4
  • TradingView
  • AutoChartist
Payment Methods
Minimum Trade
0.01 Lots $0
Regulator
None FCA, ASIC, KNF, MAS, CIRO, FFAJ, BVI
Margin Trading
Yes Yes
Margin Rate
2%
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 Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android OANDA Trade, MT4
Auto Trading
Expert Advisors (EAs) on MetaTrader 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 Yes
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
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. You can speculate on popular financial assets covering forex, commodities, indices, metals and bonds. You can get started with $0 minimum deposit, making the broker a good pick for beginners. There’s also a comprehensive range of technical analysis tools in the MT4 and OANDA Trade platforms.
Leverage
1:100 - 1:500 1:30 (UK), 1:200 (EU)
FTSE Spread
11.9 - 12.0 pips (depending on account) 1.0
GBPUSD Spread
0.1 - 1.8 pips (depending on account) 1.4
Oil Spread
0.12 - 0.19 pips (depending on account) 3.0
Stocks Spread
Variable Variable
Forex Trading
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. OANDA offers 68 currency pairs, which is above the industry average. You can speculate on majors, minors and exotics, with spreads from 0.8 pips on popular pairs. There are no commissions and leverage is available up to 1:200. Average execution speeds are fast based on tests, at 12 milliseconds.
GBPUSD Spread
0.1 - 1.8 pips (depending on account) 1.4
EURUSD Spread
0.1 - 1.2 pips (depending on account) 0.8
EURGBP Spread
0.5 - 1.7 pips (depending on account) 0.9
Assets
71 68
Cryptocurrency
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. OANDA offers trading on leading cryptocurrencies, including Bitcoin. You can place trades in the app hassle-free and practice in the unlimited demo account. The broker offers guaranteed stop-loss orders to help protect you against market volatility.
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
  • UNI
  • AAVE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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