Plum vs LQDFX

Plum vs LQDFX Comparison Table 2024
Plum LQDFX
3
4.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Plum is an financial app that empowers users to save and trade. The investing platform is available in 10 European countries with offices in the UK, Greece and Cyprus. Over 1.5 million clients and have invested more than £1 billion with the firm.

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.

Customer Reviews
4
Bonus Offer
100% deposit bonus up to $20,000
Comment by Reviewer
"Plum is a great option for traders looking for a user-friendly savings, budgeting and investment app. The £1 minimum deposit, pre-built funds and fractional shares will especially appeal to beginners." "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."
Pros
  • Commission-free trading on 3000+ stocks with manual or automatic investments
  • Pre-built funds based on a market sector or ESG initiatives with portfolio auto-rebalancing
  • Savings account available with expenditure analysis and free withdrawals
  • Interest rates on uninvested cash are competitive up to 4.21% AER
  • Low minimum investment of £1 plus fractional shares
  • Regulated by the FCA
  • Bill provider analysis
  • 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
Cons
  • Monthly subscription fees apply to access the full suite of services and best trading conditions
  • Limited price analysis features such technical indicators and custom charting for experienced traders
  • Limited payment methods with bank transfer only
  • Narrow product portfolio compared to alternatives
  • The app is only available in European regions
  • No demo account available
  • 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
Awards
  • Best ECN Broker 2017
  • Most Reliable Broker 2017
Instruments
Stocks, ETFs Forex, CFDs, Stocks, Indices, Commodities, Crypto
Demo Account
No Yes
Minimum Deposit
£2 $20
Trading Platforms
  • Own
  • MT4
Payment Methods
Minimum Trade
£1 0.01 Lots
Regulator
FCA
Margin Trading
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
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
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • EUR
  • GBP
  • USD
  • EUR
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered 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.
Leverage
1:1000
FTSE Spread
0.90
GBPUSD Spread
0.1
Oil Spread
0.05
Stocks Spread
0.05 (Apple Inc)
Forex Trading
Forex trading not offered 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.
GBPUSD Spread
0.1
EURUSD Spread
0.1
EURGBP Spread
0.5
Assets
71
Cryptocurrency
Crypto trading not offered 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.
Spread
1.02 - 28.0 pips
Coins
  • BTC
  • LTC
  • ETH
  • DSH
  • XRP
  • BCH
  • NEO
  • ZEC
  • XMR
  • ADA
  • BNB
  • SOL
  • LUNA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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