LQDFX REVIEW (Merged with PlexyTrade)
LQDFX offers MetaTrader-4 and a wide asset index containing 71 Forex pairs, 11 indices, commodities, and 13 cryptocurrencies. The broker provides automated trading and scalping and allows high trading leverage. There is 24/5 customer support, free education, and a 100% welcome bonus, of up to $20,000.
» Merged with PlexyTrade -Visit PlexyTrade here
◙ LQDFX Review Analysis
This is the LQDFX Review Summary.
The Foreign Exchange market is a global decentralized market for the trading of global currencies. Forex brokers provide access to the Foreign exchange market by linking retail and institutional capital to the liquidity of the ECN network of banks.
Understanding the Categories of Forex Brokers
There are two general categories of financial firms offering access to the Foreign Exchange market:
This type of financial broker is electronically connected to the ECN network of banks or the Electronic Communications Network. That means they offer fast trading with low slippage and very tight trading spreads.
□ ECN brokers give their clients direct access to the ECN market; these are usually very large firms.
□ STP brokers route their client orders electronically to a liquidity provider.
□ Neither ECN nor STP brokers involve human intervention as they pass their clients' orders directly into the global currency market. This is why they are called NDD brokers (No-Dealing-Desk).
Based in the United Kingdom, Plus500 is a large broker specialized in CFD trading. Plus500 provides an easy-to-use trading platform that seems to be ideal for easy trading. Trading assets include Forex, Commodities, and ETFs but most importantly a wide range of assets (stocks and indices) using CFD contracts. Here is the Plus500 Review & Rating Summary.
FXOPEN Review
FXOPEN is an ECN/STP broker based in Oceania and regulated by FCA UK and FSP New Zeeland. The broker offers ECN trading, MT5, PAMM accounts, automated trading, and a free VPS.
The broker offers a wide asset index containing more than 70 currency pairs and several CFD assets. The spreads are fair on ECN and STP account types but the overnight rates for keeping positions overnight are not equally competitive. Automated and scalping are fully allowed. As concerns about promotions, FXOpen offers free VPS hosting and a small welcome bonus for new customers.
◙ Fxopen.com Review Analysis
This is the FxOpen.com full review analysis:
Review Fx Brokers and find information about their available accounts and trading terms.