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LQDFX Review

LQDFX Review 2024: A Comprehensive Forex Broker Analysis

Established in late 2015, LQDFX has positioned itself as a key player in the online trading sphere, offering its clients access to currency pairs, commodity, index, and metal CFDs as a Straight Through Processing (STP) broker. This business model underscores a commitment to transparency and trust by eliminating potential conflicts of interest between the broker and its clients [1][2]. Notably, LQDFX diverges from many of its counterparts by not having regulatory oversight, laying a unique path in the financial trading landscape [2].

As the digital era progresses, understanding the intricacies of online forex brokers like LQDFX becomes imperative for traders globally. This LQDFX review delves into the nuances of the broker’s account types, the MetaTrader 4 platform utilized across all accounts, and its acceptance of clients from the USA, among other facets [2]. With a focus on providing a comprehensive analysis of LQDFX, including trading costs, deposits, withdrawals, and leveraging options, this article aims to equip potential traders with the knowledge to make informed decisions.

In This LQDFX Review:

LQDFX Ratings

User Rating
[Total Votes: 4 Average Client Rating: 4.3]
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LQDFX Broker Information

Websitehttps://www.lqdfx.com/en
Live ChatYES: Available 24/7
TelephoneYES: Available 24/7
Broker TypeSTP
RegulationsRegistered in the Marshall Islands
Min Deposit$20.00
Account Base CurrencyUSD, EUR
Max Leverage1:1000
Trading PlatformsMetaTrader 4
MarketsFX, Indices, Commodities, Metals, Cryptos
Bonus OfferedYes – 100% Bonus
Funding OptionsCrypto Deposits – Bitcoin, Bitcoin Lightning, Ethereum, Litecoin, Solana, Tronix, USDC, and USDT
US ClientsYes – US clients accepted

Regulation and Security

LQDFX, despite its strong reputation for regulatory compliance and security, presents a unique stance in the forex brokerage landscape due to its regulatory status and security measures. Understanding these aspects is crucial for traders considering LQDFX as their broker of choice [5].

  • Regulatory Status:
    • LQDFX is registered in the Marshall Islands and accepts clients globally, including from the USA. However, it’s important to note that LQDFX does not have any regulatory oversight, setting it apart from many brokers that operate under strict regulatory bodies [1][2].
    • The broker claims regulation by the Financial Services Authority (FSA) of Saint Lucia, which is a less commonly recognized regulator in the forex trading world. This might raise questions for traders used to dealing with brokers regulated by more established authorities [3].
    • Despite the lack of regulation in any country and not falling under the European Securities and Markets Authority (ESMA)’s new Forex and CFD trading restrictions, LQDFX maintains its operations without EU regulation, offering a different set of trading conditions and leverage options [2].
  • Security Measures:
    • LQDFX emphasizes the security of client funds through segregation from the company’s own funds, ensuring that client investments are kept separately. This practice is a cornerstone of trust for many traders [3].
    • The provision of negative balance protection is a significant safety net, preventing clients from losing more than their initial deposit. This feature is particularly important in the volatile forex market where sudden market movements can result in significant losses [3][4].
    • Regular audits are conducted to ensure compliance with the regulatory requirements set by the FSA of Saint Lucia, alongside the use of safe single sockets layer (SSL) encryption on all website traffic to protect clients’ personal and financial information [3][7].
    • LQDFX’s commitment to a Straight-Through Processing (STP) approach not only ensures quick order execution but also transparency and no conflict of interest between the broker and its clients. This is a crucial factor for traders who value fair and transparent trading conditions [4][2].

In summary, while LQDFX offers a range of security measures and claims regulatory compliance with the FSA of Saint Lucia, potential clients should weigh these aspects carefully, especially considering the broker’s lack of regulation in any country and the unique regulatory status it holds.

Account Types

LQDFX caters to a diverse range of traders by offering a variety of account types, each designed to meet specific trading needs and preferences. The selection includes:

  • Micro Account:
    • Minimum Deposit: $20 [9][15]
    • Maximum Leverage: 1:1000 [9]
    • Trade Size: Min. 0.01, Max. 5 lots [9]
    • Spreads: Typical spread of 1, with no commission on FX trades [9]
    • Features: Market Execution, STP, Account Manager [9]
  • ECN Account:
    • Minimum Deposit: $500 [9]
    • Maximum Leverage: 1:300 [9]
    • Trade Size: Min. 0.01, Max. 40 lots [9]
    • Spreads: Typical spread of 0.1 pips, with a commission of $2.50 per 100,000 [9]
    • Features: Market Execution, STP, Account Manager, Swaps No [9]
  • Gold Account:
    • Minimum Deposit: $500 [9]
    • Maximum Leverage: 1:300 [9]
    • Trade Size: Min. 0.01, Max. 40 lots [9]
    • Spreads: Extremely tight, starting at 0.7, with no commissions [9][10]
    • Features: Supports trading in FX, Commodities, Metals, Indices, and Cryptos [10]
  • VIP Account:
    • Minimum Deposit: $25,000 [9]
    • Maximum Leverage: 1:100 [9]
    • Trade Size: Min. 0.1, no maximum restriction [9]
    • Spreads: Typical spread of 0.1, with a commission of $1.50 per 100,000 [9]
    • Features: Exclusive benefits including a dedicated account manager, lower swaps, and higher trading limits [11]
  • Islamic Account:
    • Minimum Deposit: $20 [9][13]
    • Maximum Leverage: 1:300 [9]
    • Trade Size: Min. 0.01, Max. 40 lots [9]
    • Spreads: Typical spread of 0.7, with no commission on FX trades [9]
    • Features: Swap-free, catering to Muslim traders following Sharia Law [9][13]
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Each account type is supported by the MetaTrader 4 platform, ensuring a consistent and reliable trading experience across all account types [2]. The variety in account options, from the accessible Micro and Islamic accounts with a minimum deposit of just $20, to the premium VIP account for high-volume traders, illustrates LQDFX’s commitment to accommodating a wide spectrum of traders [1][15]. Furthermore, the broker’s approach to offering different conditions for commission, margin calls, leverage, and minimum deposits for each account type allows traders to select the account that best fits their trading strategy and financial goals [12].

LQDFX Accounts Overview

Trading Platforms and Technology

LQDFX leverages the MetaTrader 4 (MT4) platform, renowned for its reliability and comprehensive features, catering to both novice and experienced traders. The broker enhances the trading experience through various tools and functionalities:

  • MetaTrader 4 Platform Features:
    • Market Execution and Single-Click Trade Execution: Ensures swift and efficient trading operations, minimizing slippage and delays [4].
    • 30 Technical Indicators for Chart Analysis: Provides traders with an extensive suite of analytical tools to make informed decisions [15].
    • Forex Market Hours, Fibonacci Calculator, Pivot Point Calculator, Margin Calculator, and Pip Calculator: These tools aid traders in planning their trades and managing risk effectively [2].

Despite its robust offerings, some users have reported encountering technical issues while using the platform, which could impact trading activities [17]. It’s crucial for potential traders to consider these experiences when choosing LQDFX as their broker.

LQDFX also emphasizes user experience and accessibility through its platform options:

  • Platform Accessibility:
    • Desktop and Mobile Versions: Offering flexibility for traders to access their accounts and trade from anywhere at any time [1].
    • WebTrader Platform: Provides instant access to MT4’s full suite of features without the need for downloads or installations, catering to traders who prefer web-based trading solutions [19].

Additionally, LQDFX uses cookies for various purposes, such as optimizing website function, personalizing content and ads, and analyzing traffic, which enhances the overall user experience on their website [18][19]. However, it’s important to note that the broker does not offer a Virtual Private Server (VPS) service, negative balance protection, or API solutions, which might be considered drawbacks for some traders [2].

Trading Costs, Fees, and Spreads

LQDFX stands out in the forex trading landscape for its competitive spreads and low trading costs, catering to a wide range of traders with varying strategies and financial capabilities. Here’s a breakdown of the key aspects related to trading costs, fees, and spreads:

  • Deposit and Withdrawal Fees:
    • No deposit fees or inactivity fees, making it easier for traders to manage their funds without worrying about additional charges [13]..
  • Spreads and Commissions:
    • LQDFX offers tight spreads starting from 0.1 pips for ECN and VIP accounts, and from 0.7 pips for Gold and Islamic accounts. Micro accounts enjoy spreads from 1 pip, catering to traders with different account preferences and trading volumes [1][21].
    • Commissions are competitively priced at $3.50 per lot for ECN accounts and $2.50 per lot for VIP accounts, aligning with industry standards and ensuring traders can maximize their trading efficiency [21].
  • Additional Costs:
    • Swap fees, also known as overnight fees, apply to positions held open overnight, a common practice in the forex market [21].
    • LQDFX prides itself on transparency, stating clearly that no hidden fees are charged, providing traders with peace of mind and predictable cost structures [21].
  • Special Offers and Programs:
    • A spread reduction program rewards traders who deposit a certain amount, further enhancing the trading experience by lowering costs [21].
    • New clients can benefit from a 100% deposit bonus, with a maximum bonus of $20,000, incentivizing traders to join and trade with LQDFX [2].

In summary, LQDFX’s approach to trading costs, fees, and spreads demonstrates a commitment to providing a transparent and cost-effective trading environment. The broker’s structure, featuring no deposit or inactivity fees, competitive commissions, and a variety of spreads across different account types, ensures that traders can select the options that best suit their trading strategy and financial goals. The additional benefits, such as the spread reduction program and deposit bonus, further enhance the value proposition for new and existing clients.

Trading Instruments and Markets

LQDFX offers a comprehensive suite of trading instruments across various markets, catering to the diverse needs of traders. The range of instruments includes:

  • Forex:
    • A significant selection of 71 currency pairs, encompassing majors like EUR/USD, GBP/USD, and USD/JPY, as well as minors and exotics, providing traders with ample opportunities in the forex market [3][14][7].
  • Commodities and Indices:
    • Traders have access to 5 commodities including the likes of WTI and UK100, and 12 indices such as US100, US500, and DE30, allowing for diversified trading strategies beyond forex [3][14].
  • Cryptocurrencies:
    • A robust offering of 16 cryptocurrencies including popular options like BTC, ETH, LTC, and emerging coins such as NEO and SOL, catering to the growing demand for digital currency trading [3][15].
  • Stocks and Metals:
    • An array of stocks from top companies like AAPL, AMZN, and FB, alongside a variety of metals, provides traders with further diversification options [3][14].
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The broker’s provision of CFDs across these instruments allows for leveraged trading, offering the potential for significant returns while also carrying a higher risk of loss. It’s important for traders to consider their risk tolerance and trading strategy when engaging in CFD trading [14][3][4].

LQDFX’s trading markets are structured as follows:

  1. Forex Trading:
    • Major Pairs: 70+ currencies including EUR/USD, GBP/USD, and USD/JPY [7].
    • Minor and Exotic Pairs: Offering a wide range of less commonly traded currency pairs for niche strategies [7].
  3. CFD Trading:
    • Stocks: Access to global companies such as AAPL, AMZN, and more [3].
    • Indices and Commodities: Diverse options including US100, WTI, and UK100 [3].
    • Metals and Energies: Trading on metals like gold and silver, and energy commodities [22].
  5. Cryptocurrency Trading:
    • Broad Selection: Includes major cryptocurrencies like BTC, ETH, and LTC, as well as altcoins like ADA and BNB [15].

This diverse offering ensures that traders of all preferences and strategies can find suitable instruments to trade. Whether interested in the volatility of the cryptocurrency market, the stability of major forex pairs, or the diversity of stocks and commodities, LQDFX provides a platform that accommodates a wide range of trading activities [14][3][7][15].

Deposits and Withdrawals

LQDFX facilitates a seamless and flexible process for deposits and withdrawals, catering to a wide array of preferences among traders. Below is a detailed overview of the methods, timelines, and policies regarding these financial transactions:

Deposit Methods and Policies:

  • Cryptocurrency Support: LQDFX supports a diverse range of cryptocurrencies for deposits, including Bitcoin, Bitcoin Lightning, Ethereum, Litecoin, Solana, Tronix, USDC, and USDT, with a generous maximum deposit limit of $/€ 350,000 for most [26].
  • No Deposit Fees: There are no charges for depositing funds, regardless of the method used, ensuring traders can maximize their trading capital from the outset [13][26].
  • Steps for Depositing Funds: To make a deposit, traders need to navigate to the LQDFX Client Area, select ‘Deposit’ from the Quick Menu, choose their preferred payment method, and follow the instructions provided [25].

Withdrawal Methods and Policies:

  • Processing Time: Withdrawal requests are processed swiftly, typically within 1-2 business days, ensuring traders have timely access to their funds [24][28].
  • Cryptocurrency Withdrawals: Offers the option to withdraw in various cryptocurrencies including Bitcoin, Bitcoin Cash, Cardano, and more, with a high maximum withdrawal limit of $50,000 per transaction and a minimum withdrawal amount of $15 for cryptocurrencies [24].
  • Withdrawal Steps: To request a withdrawal, traders should visit the LQDFX Client Area, select ‘Withdrawal’ from the Quick Menu, and choose the payment method originally used to fund the account [25].
  • Fee Structure: While LQDFX does not charge withdrawal fees for most methods, a withdrawal fee of 10 USD/EUR is applicable for transactions made through Visa and Mastercard [24][13].

Key Considerations:

  • Selecting Payment Method: It is important to ensure the correct payment method is selected for withdrawals, ideally the same one used for deposits, to streamline the process [25].
  • Cryptocurrency Address Accuracy: When withdrawing in cryptocurrencies, providing the correct receiving address is crucial to avoid any potential loss of funds [24].
  • Deposit and Withdrawal Support: For any queries or assistance needed during the deposit or withdrawal process, traders can reach out through backoffice@lqdfx.com [27].

This comprehensive approach to handling deposits and withdrawals reflects LQDFX’s commitment to providing a user-friendly trading environment, accommodating the diverse needs and preferences of its clientele.

Educational Resources

  • Trading Courses: Aimed at improving trading skills and knowledge, these courses cater to traders of all levels [27].
  • Glossary: A handy resource for understanding trading terminologies, making it easier for beginners to get acquainted with forex trading [27].
  • LQDFXperts Blog: Offers market news, product notifications, and special offers, keeping traders informed about the latest market trends and opportunities [27].
  • Special Sections: The website features an ‘Articles’ section with topics ranging from “Best Forex Trading Platform” to “Forex Trading Strategies,” providing valuable insights and tips for traders [2].
  • Demo Account: For those new to trading or looking to test strategies without financial risk, LQDFX offers a demo account [4].
  • Additional Tools and Resources: Includes an economic calendar, trading calculators, and chart analysis, offering traders the tools they need for successful trading [3][4][7].
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Customer Support

  • Contact Options: Traders can reach out to LQDFX via various channels including:
  • Live Chat: Available for real-time assistance, ensuring traders can get help when they need it [27].
  • Languages Supported: Customer service is available in English, Arabic, French, Italian, and Russian, catering to a global audience [11].
  • Service Hours: Customer support is available 24/5, aligning with the forex market hours [11][1].

Account Verification Process:

  • Required Documents: To have an account verified, traders must submit an ID (Passport, ID card, or Driver’s License) and Proof of Address (Bank Statement, Utility Bill, etc.) [25].
  • Verification Timeline: Documents are usually checked within one business day, streamlining the account setup process [25].
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While LQDFX’s educational resources are widely appreciated for their helpfulness and informativeness [29], some users have expressed concerns regarding customer support response times [30]. This highlights the importance of considering both the quality of educational content and the efficiency of support services when choosing a forex broker.

LQDFX Pros and Cons

Pros:

  • High Leverage Options: LQDFX offers highly competitive leverage rates, providing up to 1:500 on cent accounts and up to 1:300 on other account types, making it an attractive option for traders seeking to maximize their trading potential [1]. For experienced traders, the leverage can even reach up to 1:1000, offering significant flexibility in trading strategies [15].
  • Trading Strategy Freedom: The broker’s policy allows the use of any trading strategy, giving traders the freedom to employ their preferred methods without restrictions, fostering a conducive trading environment [1].
  • Industry Recognition: LQDFX has been acknowledged with awards such as Best ECN Broker 2017 and Most Reliable Broker 2017, highlighting its reputable standing in the forex trading community [31].

Cons:

  • Lower Trust Score: Despite its accolades, LQDFX has a trust score of 75 out of 99, which, while respectable, suggests there is room for improvement in building trust with its clients [4].
  • Ranking Concerns: With a TU Overall Score of 2.59 out of 10 and ranking 359 among 401 companies in the TU Ranking, it indicates that there may be areas where LQDFX lags behind its competitors, warranting further investigation by potential traders [1].
  • CFD Broker Ranking: Being ranked #16 in the list of CFD brokers suggests that while LQDFX is a notable player in the market, it is not leading the pack, which could influence the decision of traders comparing it to higher-ranked brokers [15].

FAQs

What is the regulatory status of LQDFX as a broker?
LQDFX is not regarded as a trusted broker due to the absence of regulation by a financial authority with stringent oversight. It is advisable to open accounts with brokers that are subject to the supervision of top-tier, strict regulators. All brokers reviewed on the BrokerChooser website, numbering over 100, adhere to this standard.

Can traders from the United States open accounts with LQDFX?
Yes, LQDFX accepts clients globally, including those from the United States. The broker is known for offering high leverage and competitive spreads. LQDFX is accommodating to various trading styles, such as scalping, hedging, copy trading, news trading, and the use of Expert Advisors (EAs).

What is the time frame for processing withdrawals at LQDFX?
LQDFX processes withdrawal requests within one business day, ensuring clients have prompt access to their funds.

For how long has LQDFX been operational in the Forex market?
LQDFX has been providing services as an online Forex and CFD broker since its establishment in late 2015. Registered in the United Kingdom, LQDFX offers a broad spectrum of financial instruments, including but not limited to currencies, commodities, indices, metals, cryptocurrencies, and stock CFDs.

Conclusion

Through a meticulous exploration of LQDFX, this article has provided a comprehensive overview of its offerings, from trading platforms and technology to educational resources and customer support. Highlighting the broker’s unique position in the forex market due to its regulatory status, security measures, and the wide array of account types, we have endeavored to furnish potential traders with the necessary insights to make informed decisions. It is evident that LQDFX caters to a broad spectrum of trading preferences with its diverse range of trading instruments and markets, competitive trading costs, and flexible deposit and withdrawal options.

The significance of choosing the right broker cannot be overstated in the volatile world of forex trading, and LQDFX presents a compelling option for those seeking high leverage options and freedom in trading strategies. While it boasts several strengths, such as its STP model ensuring transparency and no conflict of interest, future clients should also weigh considerations such as its regulatory status and trust score. In closing, whether venturing into forex trading for the first time or looking to diversify your trading portfolio, LQDFX merits consideration, keeping in mind the importance of thorough research and risk management strategies in this dynamic trading environment.

References

[1] – https://tradersunion.com/brokers/forex/view/lqdfx/
[2] – https://www.forexchurch.com/forex-brokers/lqdfx
[3] – https://www.lqdfx.com/en/
[4] – https://www.fxleaders.com/forex-brokers/forex-brokers-review/lqdfx-review/
[5] – https://www.reddit.com/r/Forex/comments/9fusdj/deleted_by_user/
[6] – https://www.lqdfx.com/en/company/security-of-funds
[7] – https://www.daytrading.com/lqdfx
[8] – https://www.reddit.com/r/forexphp/comments/12jjz3c/lqdfx_review_2023/
[9] – https://www.lqdfx.com/en/account-types
[10] – https://www.lqdfx.com/en/account-types/gold
[11] – https://sashares.co.za/lqdfx-account-types/
[12] – https://forexsuggest.com/lqdfx-account-types/
[13] – https://sashares.co.za/lqdfx-fees-spreads/
[14] – https://medium.com/@crypto_bits/lqdfx-forex-broker-review-a-comprehensive-look-at-trading-accounts-platforms-tools-and-more-48694f70caef
[15] – https://www.investing.co.uk/lqdfx
[16] – https://www.reddit.com/r/Forex/comments/m6tb4e/lqdfx_suspicious/
[17] – https://www.reddit.com/r/Forex/comments/96kuip/is_lqdfx_reliable/
[18] – https://www.lqdfx.com/en/account-types/micro
[19] – https://www.lqdfx.com/en/platforms/metatrader-4
[20] – https://www.reddit.com/r/CryptoScamBlacklist/comments/14f2a8d/scam_broker_blacklist_2023/
[21] – https://forexsuggest.com/lqdfx-fees-and-spreads/
[22] – https://fx-list.com/broker/lqdfx
[23] – https://www.reddit.com/r/Forex/comments/17v6tdx/how_is_it_possible/
[24] – https://www.lqdfx.com/en/funding/withdrawals
[25] – https://www.lqdfx.com/en/company/faq
[26] – https://www.lqdfx.com/en/funding/deposits
[27] – https://www.lqdfx.com/en/contact-us
[28] – https://www.dailyforex.com/forex-brokers/lqdfx-review
[29] – https://www.reddit.com/r/Forex/comments/10kvmdt/how_many_have_experience_with_lqdfx/
[30] – https://www.reddit.com/r/Forex/comments/ps3j3k/non_regulated_vs_regulated/
[31] – https://www.daytrading.com/lqdfx-vs-traders-way

About This Review

Reviewed and edited by: Mark Prosz

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