ThinkMarkets vs LQDFX

ThinkMarkets or LQDFX – which is better for UK traders 2024? Compare ThinkMarkets and LQDFX in this detailed breakdown of their platforms, features and fees.

ThinkMarkets vs LQDFX Comparison Table 2024

ThinkMarkets	LQDFX
4	4.5
ThinkMarkets is ranked #37 among CFD brokers.	LQDFX is ranked #17 among CFD brokers.
Review	Review
Founded in 2010, ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. The broker provides services to over 450,000 accounts from 11 global offices. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies.	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.
71.89% of retail investor accounts lose money when trading CFDs with this provider.
Pros
Low fees with competitive spreads on the commission-free account and very tight spreads and a low $3.5 commission on ThinkZero Unique Traders' Gym simulation tool for testing out strategies on real historical data, with multiple timeframes and custom features In-depth educational resources for beginner, intermediate and advanced level traders, plus live webinars Three stable and award-winning platforms plus seamless integration with the broker's Signal Centre Top-tier regulation from the FCA, ASIC and CySEC plus offshore branches with high leverage Free VPS hosting available for MT4 and MT5, ideal for traders using Expert Advisors (EAs) Advanced charting package from TradingView in ThinkTrader Web - ideal for traders Reliable 24/7 multilingual support via telephone, email or live chat Quick and easy to open a ThinkMarkets account	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 traders
Cons
$500 minimum deposit for ThinkZero account Not many payment methods available for UK traders Limited bonus offers, refer-a-friend schemes or trading competitions	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 CFD Provider 2021 - City of London Wealth Management Awards (COLWMA) Best Value Broker in Asia at the 2020 - Global Forex Awards Best Forex Trading Experience 2017 - UK Forex Awards Best Forex Trading Innovation 2017 - UK Forex Awards Best Customer Service 2013 - UK Forex Awards	Best ECN Broker 2017 Most Reliable Broker 2017
FCA Regulated
Yes	No List of FCA Regulated Brokers
Instruments
CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only)	Forex, CFDs, Stocks, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	$20
Payment Methods
Apple Pay Credit Cards Google Pay Mastercard Neteller Skrill Visa Wire Transfer	Credit Cards Debit Card Mastercard PayRedeem Visa
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
4.8	4.8
Android App Rating
4	4.4
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
Yes	No
eSignal
No	No
Trading Central
Yes	No
STP Account
Yes	Yes
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	No
PAMM Account
Yes	Yes
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	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
The Signal Centre is FCA-regulated and offers insights into forex, stocks, indices, commodities, and cryptocurrencies. Users can receive up to 40 signals before the trading day starts.
Social Trading
Yes	No
Trade Signals
Signal Centre
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD JPY CHF	USD EUR
Commodities
Gold Oil Natural Gas Silver Platinum Copper	Gold Silver Oil Natural Gas
CFD
ThinkMarkets continues to offer an excellent range of around 3500 CFD instruments covering forex, indices, stocks and commodities. Leverage is available up to 1:30 in the EU and UK, while global clients can access up to 1:500.	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
1:500	1:1000
FTSE Spread
0.7	0.90
GBPUSD Spread<
0.4	0.1
Oil Spread
0.03	0.05
Stocks Spread
From 0.4	0.05 (Apple Inc)
Forex
ThinkMarkets offers 46 currency pairs, which is around the industry average. Forex traders can benefit from tight 0.0-pip spreads for EUR/USD during peak market hours. Additionally, the ThinkTrader proprietary platform offers an impressive 125+ technical indicators - ideal for complex forex strategies.	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.
Assets
45+	71
GBPUSD Spread
0.3	0.1
EURUSD Spread
0.0	0.1
EURGBP Spread
0.0	0.5
Cryptocurrency
With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions.	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
BTC 25, ETH 6 (Variable)	1.02 - 28.0 pips
Coins
BCH LTC XMR DOGE XLM BTC ETH XRP	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
ThinkMarkets	LQDFX
Review	Review
71.89% of retail investor accounts lose money when trading CFDs with this provider.
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