What Account Types and Fees Does LQH Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Low minimum deposit, starting spreads from 1.5 pips, leverage up to 1:500 |
Suitable for small-capital practice; ideal for new traders to gain experience |
| Pro Account |
Experienced traders |
Tighter spreads from 1.0 pip, higher minimum deposit, leverage up to 1:500 |
Requires a minimum deposit of $1,000; best for traders seeking better pricing |
| Institutional Account |
Corporate clients and institutions |
Raw spreads starting from 0.0 pips, higher minimum deposit, leverage up to 1:500 |
Minimum deposit of $100,000; tailored for high-volume trading and institutional clients |
| Zero Commission Account |
Traders focused on low-cost trading |
Fixed spread of 1.0 pip, no commission fees |
Ideal for frequent traders looking to minimize costs; requires a higher minimum deposit |
Account Opening Process
To open an account with LQH Markets, prospective traders must follow these steps:
1. Registration: Choose the desired account type and fill out the online application form with personal information.
2. Submission of Documents: Submit necessary employment and financial information, along with identity verification documents such as a government-issued ID and proof of address.
3. Account Verification: Wait for the verification process to complete, which may take a few hours to a couple of days.
4. Fund Your Account: Once verified, fund your account using the available payment methods.
5. Start Trading: After funding, traders can start executing trades on the platform. Additionally, there is flexibility to upgrade to a professional account as trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.2 |
$0 (ECN: $3.5/lot) |
Stable pricing for popular pairs |
| CFDs (Stocks) |
1.5 |
$0 (ECN: $5/lot) |
Varied spreads based on stock liquidity |
| CFDs (Indices) |
1.0 |
$0 (ECN: $5/lot) |
Competitive spreads for index trading |
| Commodities (Gold) |
2.0 |
$0 (ECN: $4/lot) |
Standard spreads for precious metals |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
LQH Markets may charge several additional fees that traders should consider:
– Deposit/Withdrawal Fees: No fees for deposits, but withdrawal fees may apply depending on the method used.
– Inactivity Fees: Accounts inactive for a specified period may incur fees.
– Platform Usage Fees: Generally, no fees for using the trading platform.
– Overnight Interest (Swap Rates): Charges applied on positions held overnight, varying by asset class.
– Currency Conversion Fees: Fees may apply when converting funds from one currency to another during transactions.
