LQDFX Review

Category: Reviews | Author: Trading Brokers | Date: September 19, 2023

If you are looking for a forex broker that offers a wide range of trading instruments, low spreads, and fast execution, you might have come across LQDFX. This broker claims to be a leading provider of online trading services, with a focus on customer satisfaction and transparency. But is LQDFX really a trustworthy and reputable broker? Or is it just another scam that you should avoid? In this article, we will give you an honest and unbiased review of LQDFX, covering its regulation, platforms and tools, education, markets, accounts, and funding. By the end of this article, you will have a clear idea of what LQDFX has to offer and whether it suits your trading style and goals.

Pros & Cons

  • Offers a range of currency pairs and leveraged CFDs
  • Provides access to forex trading, commodities, and indices with tight spreads as low as 0.1 pips
  • Offers a secure client portal
  • Low minimum deposits and no commission account types
  • Limited choice of trading assets
  • Does not accept US customers
  • Offshore, unregulated forex and CFD broker

Summary

LQDFX Review

LQDFX Review

LQDFX is an online forex broker that was founded in 2015 and is based in the Marshall Islands, an offshore jurisdiction. The broker offers trading services on more than 70 instruments, including currency pairs, commodities, indices, and stocks. LQDFX claims to provide Straight Through Processing (STP) execution, which means that it does not interfere with the orders of its clients and sends them directly to the liquidity providers. LQDFX supports the popular MetaTrader 4 (MT4) platform, which is available for desktop, web, and mobile devices. The broker has five types of accounts to suit different trading styles and preferences: Micro, Gold, ECN, VIP, and Islamic. The minimum deposit required to open an account ranges from $20 to $25,000, depending on the account type.

However, LQDFX is not regulated by any reputable authority, which means that it does not have to comply with any rules or standards regarding the protection of its clients’ funds and interests. This poses a high risk for traders who choose to trade with this broker, as they may not have any recourse in case of any issues or disputes. Therefore, traders should exercise caution and due diligence before opening an account with LQDFX. Please see a list of regulated brokers for some alternative options.

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AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Regulation is one of the most important factors to consider when choosing a forex broker. LQDFX, however, is not regulated by any reputable authority. LQDFX is a trading name of LQD Limited, which is registered in the Marshall Islands, an offshore jurisdiction. The Marshall Islands does not have any financial regulator that oversees or supervises the activities of forex brokers. This means that LQDFX does not have to comply with any rules or standards regarding the security of its client’s funds, the segregation of accounts, the prevention of money laundering, the fair execution of orders, the disclosure of risks, or the provision of customer support. The lack of regulation also means that LQDFX does not have to participate in any compensation scheme that would cover its clients’ losses in case of insolvency or bankruptcy. Moreover, LQDFX does not have any legal obligation to handle any complaints or disputes that may arise with its clients. Therefore, if a client has any problem with LQDFX, such as delayed withdrawals, unfair trading conditions, or fraudulent practices, they may not have any recourse or legal protection.

The unregulated status of LQDFX has also attracted the attention of several Tier 1 authorities, such as the UK Financial Conduct Authority (FCA), the Canadian British Columbia Securities Commission (BCSC), and the US Commodity Futures Trading Commission (CFTC). These authorities have issued warnings or alerts against LQDFX, stating that it is not authorized to offer its services in their jurisdictions. Therefore, trading with LQDFX could entail a high level of risk and uncertainty.

Platforms & Tools

LQDFX is a MetaTrader 4 (MT4) only broker, which means that it does not offer any other trading platforms or tools. MT4 is one of the most popular and widely used trading platforms in the forex industry, as it provides a user-friendly interface, a customizable environment, and a range of features and functions for traders of all levels. LQDFX offers MT4 for desktop, web, and mobile devices.

MT4 Platform

MT4 Platform

The desktop version can be downloaded from the official website and installed on Windows or Mac computers. The web version can be accessed from any browser without any installation or download. The mobile version can be downloaded from the Google Play Store or the App Store for Android or iOS devices. The mobile version allows traders to access their accounts and trade on the go, with full functionality and features. LQDFX also provides some additional tools and resources for its clients, such as:

  • Market analysis: LQDFX publishes daily market analysis on its website, covering various instruments and topics. The analysis includes technical and fundamental insights, as well as trading signals and recommendations.
  • Economic calendar: LQDFX offers an economic calendar on its website, which shows the scheduled economic events that may affect the markets, such as GDP releases or interest rate decisions. The calendar also shows the expected impact, previous results, and actual outcomes of each event.
  • Education: LQDFX has an education section on its website, which contains various materials for beginner and advanced traders. The materials include video tutorials, e-books, webinars, articles, glossary, and FAQs. The topics cover forex basics, trading strategies, risk management, technical analysis, and more.

Education

LQDFX has an education section on its website, which contains various materials for beginner and advanced traders. The materials include video tutorials, e-books, webinars, articles, glossaries, and FAQs. The topics cover forex basics, trading strategies, risk management, technical analysis, and more. The education section is divided into four categories:

  • Beginners Course: This category provides an introduction to the forex market, the trading platforms, the trading terminology, and the basic concepts of trading. It also explains how to open an account, how to place orders, how to use leverage and margin, and how to analyze the market. The beginners course consists of 10 video tutorials that last about 5 minutes each. The videos are narrated by a professional trader who guides the viewers through the essential steps of forex trading. The videos are accompanied by transcripts and summaries that highlight the key points and terms.
  • Trading Tools: This category introduces some of the tools and resources that LQDFX offers to its clients, such as market analysis, economic calendar, trading signals, and MT4 tutorials. It also explains how to use these tools to enhance trading performance and experience. The trading tools category consists of 8 video tutorials that last about 10 minutes each. The videos are presented by a market analyst who demonstrates how to access and utilize the tools provided by LQDFX. The videos are also accompanied by transcripts and summaries that provide additional information and tips.
  • Trading Strategies: This category covers some of the common and popular trading strategies that traders can use in different market conditions and time frames. It also explains how to develop a trading plan, how to test a strategy, and how to optimize a strategy. The trading strategies category consists of 12 video tutorials that last about 15 minutes each. The videos are taught by a trading expert who explains the logic and rules of each strategy, as well as the advantages and disadvantages. The videos are also accompanied by transcripts and summaries that provide examples and illustrations of each strategy.
  • Trading E-Books: This category offers a collection of e-books that cover various aspects of forex trading, such as technical analysis, fundamental analysis, chart patterns, candlestick patterns, indicators, oscillators, and more. The e-books are available for download in PDF format. The e-books are written by experienced traders and authors who share their knowledge and insights on forex trading. The e-books are organized into chapters and sections that cover different topics and concepts.

Markets

LQDFX is a forex and CFD broker that offers its clients a variety of trading instruments, including CFDs on forex, commodities, indices, metals, cryptocurrencies, and stocks. This allows traders to diversify their portfolios and take advantage of market movements in multiple asset classes. LQDFX offers the following markets:

  • Forex: LQDFX provides forex traders with 71 currency pairs, an above-average selection, and the bulk of its assets. The currency pairs include major, minor, and exotic pairs, such as EUR/USD, GBP/JPY, USD/ZAR, and more. The spreads on forex start from 0 pips on some accounts, and the leverage can go up to 1:1000.
  • Commodities: LQDFX offers 24 commodities CFDs, which include energy products, such as crude oil and natural gas; agricultural products, such as corn and wheat; and precious metals, such as gold and silver. The spreads on commodities vary depending on the instrument and the account type, and the leverage can go up to 1:100.
  • Indices: LQDFX offers 12 index CFDs, which include some of the most popular and liquid indices in the world, such as the S&P 500, the Dow Jones, the DAX 30, and more. The spreads on indices also vary depending on the instrument and the account type, and the leverage can go up to 1:100.
  • Cryptocurrencies: LQDFX offers 5 cryptocurrency CFDs, which include Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. The spreads on cryptocurrencies are relatively high compared to other brokers, and the leverage is limited to 1:5.
  • Stocks: LQDFX offers 5 stock CFDs, which include some of the most popular and traded companies in the US market, such as Apple, Amazon, Facebook, Google, and Tesla. The spreads on stocks are also relatively high compared to other brokers, and the leverage is limited to 1:20.

Accounts

LQDFX offers five types of accounts to suit different trading styles and preferences: Micro, Gold, ECN, VIP, and Islamic. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits. LQDFX’s accounts are as follows:

  • Micro Account: This account is designed for beginner traders who want to start trading with a low initial deposit and a small trade size. The minimum deposit required to open a micro account is $20, and the minimum trade size is 0.01 lots. The maximum leverage is 1:1000, and the spreads start from 1 pip. There is no commission on forex trades, and the account offers negative balance protection. The micro account allows trading on 71 forex pairs, 11 indices, 4 commodities, 13 cryptocurrencies, and 37 stocks.
  • Gold Account: This account is suitable for intermediate traders who want to trade with a lower spread and a higher leverage. The minimum deposit required to open a gold account is $500, and the minimum trade size is 0.01 lots. The maximum leverage is 1:300, and the spreads start from 0.7 pips. There is no commission on forex trades, and the account offers negative balance protection. The gold account allows trading on the same instruments as the micro account.
  • ECN Account: This account is ideal for advanced traders who want to trade with a near zero spread and a low commission. The minimum deposit required to open an ECN account is $500, and the minimum trade size is 0.01 lots. The maximum leverage is 1:300, and the spreads start from 0.1 pips. There is a commission of $3.50 per 100,000 traded on forex trades, and the account offers negative balance protection. The ECN account allows trading on the same instruments as the micro account.
  • VIP Account: This account is designed for professional traders who want to trade with the best possible conditions and personalized support. The minimum deposit required to open a VIP account is $25,000, and the minimum trade size is 0.1 lots. The maximum leverage is 1:100, and the spreads start from 0.1 pips. There is a commission of $2.50 per 100,000 traded on forex trades, and the account offers negative balance protection. The VIP account allows trading on the same instruments as the micro account.
  • Islamic Account: This account is compliant with the Sharia law and does not charge or pay any interest or swaps on overnight positions. The minimum deposit required to open an Islamic account is $20, and the minimum trade size is 0.01 lots. The maximum leverage is 1:300, and the spreads start from 0.7 pips. There is no commission on forex trades, but there may be an administration fee for holding positions longer than three days. The Islamic account allows trading on the same instruments as the micro account.

Funding

LQDFX offers its clients various methods of funding their trading accounts, such as credit/debit cards, PayRedeem, and cryptocurrencies. However, the funding options are limited compared to other brokers in the industry, as LQDFX does not accept bank wire transfers or e-wallets such as Skrill and Neteller. The funding methods have different conditions for minimum and maximum deposit amounts, deposit time, and deposit fees. LQDFX’s funding methods are as follows:

  • Credit/Debit Cards: LQDFX accepts Visa and Mastercard credit/debit cards as a funding method. The minimum deposit amount is $20, and the maximum deposit amount is $2,000 per transaction and $15,000 per card. The deposit time is within 30 minutes, and there are no deposit fees. LQDFX also allows withdrawals to credit/debit cards, with a minimum withdrawal amount of $20 and a maximum withdrawal amount of $10,000. The withdrawal time is 1-2 business days, and there is a withdrawal fee of $10.
  • PayRedeem: LQDFX accepts PayRedeem as a funding method. PayRedeem is a payment service that allows users to buy and sell cryptocurrencies with fiat currencies. The minimum deposit amount is $20, and the maximum deposit amount depends on the user’s PayRedeem tier allowance. The deposit time is instant, and there are no deposit fees. LQDFX also allows withdrawals to PayRedeem, with a minimum withdrawal amount of $10 and a maximum withdrawal amount depending on the user’s PayRedeem tier allowance. The withdrawal time is 1-2 business days, and there are no withdrawal fees.
  • Cryptocurrencies: LQDFX accepts Bitcoin, Bitcoin Lightning, Litecoin, Tether, USDC, Ethereum, Solana, and Tronix as funding methods. The minimum deposit amount is $20, and the maximum deposit amount is $350,000 for most cryptocurrencies, except for Bitcoin Lightning (0.02 BTC), Solana (500 SOL), and Tronix (10,000 TRX). The deposit time is instant, and there are no deposit fees. LQDFX also allows withdrawals to cryptocurrencies, with a minimum withdrawal amount of $15 for most cryptocurrencies, except for VLoad ($75). The maximum withdrawal amount is $50,000 for all cryptocurrencies. The withdrawal time is 1-2 business days, and there are no withdrawal fees.

Conclusion

In conclusion, LQDFX is a forex and CFD broker that positions itself as a competitive choice for traders, offering a diverse range of trading instruments and spanning over 70 options, including currency pairs, commodities, indices, and stocks. Notably, the broker claims to provide Straight Through Processing (STP) execution, ensuring minimal interference with client orders by directing them straight to liquidity providers. The inclusion of the widely-used MetaTrader 4 (MT4) platform and a selection of educational resources enhances its appeal to traders of varying experience levels. Furthermore, LQDFX offers a range of account types, including Islamic accounts, providing flexibility to traders with different preferences. However, it’s important to remember that while LQDFX presents several strong features, there are other brokers with longer track records in the market that may be worth considering as alternative options. For a broader perspective and more choices, we encourage you to explore our extensive library of trading broker reviews.

LQDFX Logo

$20

LQDFX is a forex and CFD broker that offers online trading services on various instruments, such as forex, commodities, indices, cryptocurrencies, and stocks. The broker claims to provide STP execution, low spreads, fast execution speed, and negative balance protection. However, LQDFX is also an offshore and unregulated broker, which raises some concerns about its reliability and safety.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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