SushiSwap vs LQDFX

SushiSwap vs LQDFX Comparison Table 2024
SushiSwap LQDFX
1.8

SushiSwap is #30 in our crypto broker rankings.

4.5
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

SushiSwap is a DeFi cryptocurrency exchange launched in 2020. Through the Ethereum blockchain, SushiSwap has generated over $2.5 billion in trading volume through it's AMM framework. Traders can swap tokens, as well as create liquidity via yield farming.

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.

Bonus Offer
100% deposit bonus up to $20,000
Comment by Reviewer
"SushiSwap will appeal to experienced crypto investors looking for competitive AMM rates or developers seeking to create custom pools. However as with most crypto exchanges, SushiSwap is unregulated so we recommend caution if considering this firm." "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
  • Liquidity providers receive large rewards for their contributions - the SUSHI/ETH pool pays out double rewards
  • Some of the largest centralised exchanges in the world added the platform’s token, Sushi, days after it went live
  • Accessible fiat-to-crypto deposits including bank transfer and Apple Pay, plus 6 supported crypto wallets
  • Trading fees are more affordable than centralised exchanges such as Coinbase
  • The platform has received strong endorsements from multiple DeFi projects
  • Sushi Academy with learning materials for beginners and technical users
  • Crypto farming available with over 500 token pools to choose from
  • 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
  • SushiSwap wasn’t independently audited before its release
  • Not as many tokens as other crypto exchanges
  • No regulation bringing security concerns
  • No demo account to test the firm
  • 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
Cryptos Forex, CFDs, Stocks, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$30 $20
Trading Platforms
  • Own
  • MT4
Payment Methods
Minimum Trade
Variable 0.01 Lots
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
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Not yet 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
  • 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
SushiSwap offers over 400 tokens to swap, with a good range of fiat and crypto deposits. With that said, this exchange is unregulated and funds may not be secure when compared to reputable crypto brokers. 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
0.30% fee 1.02 - 28.0 pips
Coins
  • ETH
  • BTC
  • BAB
  • BAC
  • BAL
  • BAO
  • BAT
  • BNT
  • BUSD
  • DELTA
  • DFD
  • DFX
  • ESD
  • FARM
  • FTT
  • FTX
  • GNO
  • LINK
  • PAXG
  • RARI
  • SUSHI
  • SWAG
  • WBTC
  • YLD
  • ZIG
  • 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
More Comparisons
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