LQDFX Review – By An Expert Forex Trader

Surprisingly, this broker is not regulated and I am wondering if they have customers? hope the customer’s funds and information are safe with them? Let’s find out in this honest LQDFX review!!.

I have known LQDFX for some time and now, just like every other broker that exists but you have never tried before. This time, I decided to dig up more information about and I have summarised my findings into the “LQDFX Review Table Summary” below.

Is LQDFX Safe And Regulated?

No. LQDFX is an unregulated forex and CFD broker based in the Marshall Islands. As a result, there is always a risk with unregulated brokers when it comes to the security of your investments.

In the event of a dispute or claim, you cannot approach any regulatory agency because LQDFX isn’t under by any of them.

The broker is open about its business model and has a number of legal documents available on its website, which is better than most unregulated brokers.

However, the broker has received some negative user feedback online, so I advise caution before opening an account with LQDFX.

LQDFX Review – Frequently Asked Questions

What is LQDFX Broker Spread?

LQDFX’s spreads are different for each account type and fluctuate with market conditions. The Micro account has the widest spreads, with typical EUR/GBP spreads of 1.7 pips, EUR/USD spreads of 1.2 pips, and GBP/USD spreads of 1.8 pips.

The spreads on gold and Islamic accounts are usually 1.2 pips, 1.1 pips, and 1.4 pips for EUR/GBP, EUR/USD, and GBP/USD, respectively. The ECN and VIP accounts have the best spreads, with EUR/GBP spreads of 0.5 pips and EUR/USD and GBP/USD spread of 0.1 pips.

Do they have a Bonus?

LQDFX matches your payment with tradeable cash and gives you a 100% deposit bonus. The bonus is only available for deposits between $250 and $20,000 given at the time of registration. This bonus can be withdrawn once the set trade volume has been met.

The size of the bonus determines the volume requirements, with $5 becoming withdrawable for every full lot traded (100,000 units). For the most up-to-date bonuses and rebates, visit the broker’s website.

What is LQDFX Broker Leverage?

With the Micro account, the broker offers flexible leverage up to 1:500. Other accounts, however, have a maximum leverage of 1:300, except for the VIP account, which has a maximum leverage of 1:100.

By lowering the margin requirement for trades, leverage allows you to increase your market exposure. However, it also increases the risk of losing money, so make sure you’re aware of the risks before signing up for leveraged trading.

Is LQDFX Broker an ECN Broker?

Yes. In January 2017, LQDFX was voted the best ECN broker by its loyal traders. However, I am sure of the trueness of this information.

Many people and companies can wake up any day and decide to award themselves some awards.

For example, this blog will be winning the best forex trading blog every year, whether someone awards me or not, I am going to reward myself with an Award.

Therefore, we cannot really trust awards winning claims publicized on the website of this kind of broker.

LQDFX Broker Deposit Methods 

You can fund your LQDFX trading accounts using a variety of payment methods, all of which are completely free. Bank wire transfers, cryptocurrencies, Mastercard and Visa payment cards, as well as the e-wallets like Skrill, FasaPay, Neteller, and Load, are all accepted.

The minimum deposit for wire transfers is $250, and a minimum deposit for cryptos is $30. Except for Bitcoin which requires a minimum deposit of $20, as well as e-wallets and payment cards. 

E-wallet and cryptocurrency deposits are processed immediately, but payment cards can take up to 30 minutes to process, and wire transfers can take up to seven days.

• LQDFX Minimum Deposit and payment methods

LQDFX Broker Commission

The Micro, Islamic, and Gold accounts do not charge commissions. However, the VIP account charges $2.50, while the ECN account charges $3.50 per lot. For holding positions open overnight, the broker charges swaps, which are detailed on the LQDFX website. Remember, these commissions like spread are the major ways forex brokers use to make money.

Is it possible to register with LQDFX in the United States?

Yes. Forex traders from the United States can now open an account with LQDFX.

Is LQDFX a scam?

The website does not list the company’s address; instead, it only lists a British phone number, implying that the company has been providing services to UK residents without being authorized to do so.

Moreover, the firm gives false information about the awards it has won, such as Best ECN Broker, and Most Reliable Broker. Furthermore, there are numerous negative reviews of LQDFX on the internet forums.

People complain about the company’s poor customer service and the fact that they are unable to withdraw their funds from the broker.

What is LQDFX Minimum Deposit?

The minimum deposit for wire transfers is $250, and a minimum deposit for cryptos is $30. Except for Bitcoin which requires a minimum deposit of $20, as well as e-wallets and payment cards. 

LQDFX Broker Withdrawal Methods

LQDFX offers a variety of fund withdrawal options to its customers. These include the following:

• Bank transfer
• Cards – Visa, MasterCard
• eWallets – Skrill, Neteller, & Fasapay 
• Cryptocurrencies – Bitcoin, & Litecoin

Withdrawals via card or bank transfer can take anywhere from 2 to 10 days to reach your account, while withdrawals via e-wallets and cryptocurrencies only take one business day. For fund payouts via cards, the broker also charges a $10 withdrawal fee.

How long does LQDFX Broker Withdrawal Take?

Withdrawals are processed within one business day for e-wallet and cryptocurrency payments, two days for cards, and two to ten days for wire transfers.

Is it safe to trade on the LQDFX platform?

LQDFX uses SSL encryption in its PC and mobile platforms to protect its clients’ personal information. LQDFX also advises its clients to always look for the SSL security sign (a lock sign) on their browser while using LQDFX via its web platform.

Can I use PayPal to fund my LQDFX account?

No, LQDFX accepts a variety of payment methods, including e-wallets, credit cards, and cryptocurrencies, but PayPal is not one of them.

MetaTrader 5 available on LQDFX?

No, the broker offers MT4 which has won numerous awards and has established itself as the industry’s standard platform over the years.

cryptocurrency trading available at LQDFX?

No, the broker does not support cryptocurrency trading. However, traders who register with LQDFX can trade in foreign exchange, bullion, commodities, and indices.

So, if you’re a crypto enthusiast, you can go to one of the hundreds of CFD brokers that offer digital currency CFD trading.

Is LQDFX Broker Regulated?

No, LQDFX is not a regulated broker. So your legal protection is limited if the broker refuses to process withdrawals or acts unethically.

Some brokers are purposefully unregulated, allowing them to provide services that would otherwise be restricted.

However, you should be fully aware of the risks associated with these brokers before opening an account with them.

LQDFX Review – Account Types And Spread

LQDFX offers 5 live accounts, each of which includes an MT4, a personal account manager, a comprehensive library of educational materials, and tradeable assets. For Islamic clients, the broker also provides swap-free trading conditions.

1. Micro Account

Market execution, account managers, STP trading models, and access to FX, metals, commodities, and indices are all available with micro-accounts. The typical spread is one, with trade sizes ranging from 0.01 to 5 lots and maximum leverage of 1:500. 

Swaps are permitted. There are no commissions or requotes. With a minimum deposit of $20, this account type gives you access to 71 forex pairs, 12 indices, five commodities, MT4, and educational materials.

2. ECN Account

Market execution, account managers, STP trading models, swaps, and no requotes are all available with ECN accounts. With typical spreads of 0.1 and maximum leverage of 1:300, trades can range from 0.01 to 40 lots.

The same assets are available, but there are 3.50 USD or EUR commissions per 100,000. This account requires a $500 minimum deposit.

3. Gold Account

Account managers, STP trading models, and market execution are all included in Gold accounts. With a maximum leverage of 1:300 and trade sizes ranging from 0.01 to 40 lots, the typical spread is 0.7.

There are no forex commissions or requotes, and traders have equal access to assets and educational materials. This account requires a $500 minimum deposit.

4. VIP Account

Account managers, market execution, STP trading models, and the same asset access are all available to VIP accounts.

Swaps, leverage up to 1:100, and trades of any size above 0.1 are all permitted, typical spreads are 0.1, and there are no requotes.

The minimum deposit is $25,000, and the commissions are 2.50 USD/EUR per $100,000.

5. Islamic Account

Market execution, account managers, and STP trading models are also available for Islamic accounts. On forex, there are no swaps, requotes, or commissions.

With a leverage of up to 1:300 and trade sizes ranging from 0.01 to 40 lots, these accounts have typical spreads of 0.7. The account requires a minimum deposit of $20.

LQDFX Review – Trading Platforms

LQDFX provides a well-rounded MT4 platform, which is the precursor to MT5. MT4 combines a wide range of features with a user-friendly interface, making it ideal for traders of all skill levels. 

The trading platform is multilingual, with over 50 customizable technical indicators, 30 charting options, and 9 timeframes. MT4 allows automated trading through expert advisors, in addition to one-click trading and deep market histories (EAs).

Trading Instruments Available on LQDFX

• Metals
• Energies
• Agricultural
• Indices
• Stocks
• CFDs

LQDFX Traders Education

LQDFX has a good selection of educational materials and trading tools. The broker also has Fibonacci, pivot point, and deal size calculators in addition to an economic calendar.

The education section on the website features beginner courses and video tutorials on ECN trading, MetaTrader 4, and mobile app functionality.

An e-book on forex trading is available, which delves deeper into trading psychology, behavior, and key concepts. 

There are also articles on technical analysis and risk management, as well as a course on trading strategies for different levels of experience and markets.

Summary – LQDFX Review

LQDFX offers five trading options: Forex, CFDs, Spread Betting, Social Trading, and Share Dealing. The minimum deposit for LQDFX is $20.

To get a feel for the LQDFX platform, you can sign up for a demo account. LQDFX equally accommodates both experienced and new traders.

When compared to its competitors, LQDFX is an unregulated broker that has a poor asset listing. However, the broker tries to improve the quality of services in order to compete with the best trading brokers.

The best part about LQDFX is that it provides traders with useful tools such as trade calculators, economic calendars, and market news to assist them in their trading.

But Honestly, as you must have noticed in this LQDFX review I do not trust this broker and I do not think you should either.

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