LQDFX Review – Yet Another Unregulated Broker

LQDFX is a popular unregulated forex broker who has earned itself a loyal following over the years. The trading conditions offered by them are fair at least in theory and they are said to be following the STP operational model. Spreads on this platform are comparatively higher, but it is not something which is a deal breaker.

Surprisingly, the customer reviews on this platform is pretty positive and yet it gives mixed impressions at times. Unlike the vast majority of brokers, this one provides a lot of importance to the trader’s needs and equips them with things like tutorials, trading guides and economic calendar. The main issue with this broker is certainly their legal status and it isn’t something which any trader can afford to overlook.

On their homepage, they mention that they hold the funds in segregated accounts, but we weren’t able to find any way to verify their statements. Moreover, as they are led by anonymous people, we are not comfortable with giving them the benefit of the doubt. To know all the merits and demerits of using this platform, continue reading this unbiased article till the end.

LQDFX Review - Yet Another Unregulated Broker

LQDFX Certificates, Licenses and Awards

Based on the contact details we found on their platform, we believe they are operating from the UK. However, clients should know that they are not under the radar of the FCA and they are not regulated by any authority.

This broker claims to hold segregated bank accounts to shield their investors from unexpected events. On the flip side, they don’t provide any means to verify their claims. So, given their traits and legal status, we are not inclined towards believing them blindly. LQDFX has indeed been operating for more than 5 years, though they claim no requotes and execution delays, according to some client reviews, it does happen.

Traders are allowed to employ any strategy they want, but if you are trading during high impact news events, then make sure that you have enough margin to handle the volatility. This brokerage boasts about the awards they have received from Theforexawards.com in the year 2017.

Nonetheless, keep in mind that by itself it can’t be considered as a seal of trust or a measure of credibility. If you have any specific questions about them, then you can contact them via telephone or email. Alternatively, you can also request a call back from them by requesting a form provided on their webpage. 

Email – support@lqdfx.com

Phone – +44 20 8064 1038

MetaTrader Platform,Trading Terms and Conditions

MetaTrader platform is supported by this broker and we are pretty sure that most of the retail traders are going to love to use this interface. By default, MT4/5 software contains more than 50 indicators and traders can change literally any kind of aspect of the charts and create custom tools which caters the needs of their trading approaches.

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    LQDFX Trading Platform

    If you are new to the world of trading, then you can test out their demo account and try out any strategy without the risk of losing any real money. Clients can also use Expert Advisers to automate their trading process and spend less time in front of the screens. However, before using EA’s, know that they are vulnerable during illiquid times and if slippage occurs, it can make or break your account.

    The mobile apps are user-friendly and most people will never have any issues with trading on the go. Spreads on this borker starts at 0.4 pips for major forex pairs and for some instruments, it is above 0.9 pips. For any reason, if you can’t afford to spend time to actively trade, then on this broker you can use the managed account services to copy signals from other successful traders.

    Exact fees of managed account services are unknown and it mainly depends upon the conditions of the Master Account holder. Lastly, the financial instruments made available to the retail side by this platform is huge and it consists of over 60 forex pairs, 16 precious metals, 21 stock indices and 6 energy and agricultural commodities. 

    Spreads, Leverage and Account Types

    Spreads on this platform are dependent on the account type you choose, but generally speaking, it ranges between 0.4 pips to 1 pip. If you are a scalper, then low commissions should be your top priority and VIP account might be the best option for you. VIP accounts with this broker can be accessed by depositing more than $25,000 which is too steep for a lot of newbie traders and there are much better regulated brokers available who offer the same feature for less capital amount.

    Leverage amount can be set by the clients and it varies anywhere from 1:100 to 1:500. Remember, many traders use leverage in the wrong manner and unless you are careful enough, the odds will always be against you. Different account types have different policies regarding max lot size, margin hedge percentage, etc,.

    So, before placing any trades check the specific details and then proceed or else you might get liquidated for the wrong reasons. Also, this broker provides Islamic friendly accounts which carry no swaps and commissions.

    LQDFX Funding and Payments

    Traders can use e-wallets like Neteller, Skrill, Fasapay, cryptocurrencies, debit or credit cards along with wire transfers to fund their account. There are no fees associated with deposits, but if you choose wire transfer and the amount is less than $600, then there will be a fee present. The e-wallet and credit card transfers will be credited to the account immediately and the processing time for wire transfer might take upto 7 days to appear in the trading account.

    Minimum withdrawal amount depends upon the payment method you choose and lies anywhere between $5 to $100. Note that, the processing time for withdrawals are said to be in between 1 day to 10 days. There are welcome deposit bonuses available and it is capped at $20,000.

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    Before you accept the bonus amount, do take a look at the conditions or else your funds might be locked until you fulfill all the requirements.

    Additional Features

    LQDFX offers a lot of helpful tools for their clients which are extremely practical. Their tutorials help people understand simple concepts to the advanced ones with appropriate illustrations and examples. They also have a dedicated section for e-books and on top of all the educational content, they also offer free chart analysis.

    Clients can easily see the most anticipated moves in the market and the hottest trends in a single place by clicking the “Chart Analysis” button. Furthermore, the traders can also jump to the economic calendar which is synced with the platform and know all the scheduled news events beforehand and adjust their trades accordingly.

    If there is anything on this platform which is flawless, then it is the number of additional features and emphasis on practical tools provided by them.

    Customer Feedback

    Nowadays, any popular online platform quickly gains a spot on forums and the clients will happily express their opinions. As this broker has been operational for a considerable amount of time now, they indeed have got a number of testimonials online and they weren’t hard to find.

    For the most part, the comments are positive, but some people have lost money to them and till date are unable to battle them out legally. So, invest only the amount of money you can afford to lose. If you have been scammed by them, then use the contact form below to get in touch with our recovery experts for free.

    See the comments made by the active clients on ForexPeaceArmy.

    This is my first time withdrawl from lqdfx and I just have received my fund. I have not been with the broker for a prolonged period of time but the transaction went smooth with no delays. I thought I would leave my feedback here. It’s sound good trading here.

    LQDFx is not a good broker. I have traded forex for years and was sure of the trade I placed. When I place a buy order they will reverse it to sell, when I will place a sell order they reverse it to a buy order. I Checked on TradingView and other two brokers and found that LQDfx was just bent on wiping my account which they actually did.

    LQDFX Verdict

    LQDFX is a forex broker who appears to be genuine at least in theory. However, as they are unregulated it is better to be careful with them or else things might escalate very quickly. There are few unique features about them, but it is never worth the risk involved.

    Always stick with regulated firms which gives utmost importance to fair treatment and security of the funds. Lastly, if you believe you have been cheated by them, then please leave a comment below and help other investors make an informed decision.

    Do you have anything to say about LQDFX? Feel free to share your thoughts with our community by leaving a comment.

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