LQDFX ReviewOpen Demo Account
LQDFX was established in 2015 and is now an industry leader within the world of forex. The company has multiple customer support offices around the world, allowing it to better serve clients.
If you review their website, you will notice that this broker has the goal of positioning itself as the most devoted, highest quality, and most loyal broker. This comes via using the STP execution method. As such, there is no concern about conflict of interest, no dealing desk, and no requotes — just quick execution.
The financial services associated come from LQD Limited, which is in the Marshall Islands.
- Offers an incredible number of account types
- Works with the Financial Commission
- Follows the Marshal Islands Business Corporation Act
- Minimal types of assets available
- No obvious regulation
What can you trade?
LQDFX Forex Review
Most reviews of LQDFX will focus on forex, as this is the major asset category offered by the broker. This should be unsurprising given that FX is part of the brokerage’s name.
Our review team was very impressed that the broker offers 89 different forex pairs for clients to choose from. This is much more than many of its competitors, giving clients the opportunity to review LQDFX forex instruments and choose the one that works best for their needs.
Current and potential clients can easily view the typical spreads for each asset on the page titled Spreads, ensuring transparency. To offer an idea of spreads, the typical spread for EUR/USD is 1.2 for Micro accounts, 0.1 for ECN accounts, 1.1 for Gold accounts, and 0.1 for VIP accounts.
LQDFX CFD Review
Those interested in an LQDFX CFD review will find themselves exploring the limited categories of CFDs available. The broker only offers CFDs for commodities and indices, which is a smaller range of assets than many other brokers offer.
If you review CFD offerings, you will find six commodities and 12 indices. As with forex, there is no need to look for UK review to find spreads, as these are clearly listed on the broker’s website and vary by account type.
To provide an example, typical spreads for UKOIL are 0.17 for Micro accounts, 0.12 for ECN accounts, 0.12 for Gold accounts, and 0.12 for VIP accounts.
LQDFX Cryptocurrency Review
You will be hard-pressed to find an LQDFX cryptocurrency review, as the broker does not currently offer this type of asset for trading. Due to the format and current offerings of the broker, if it were to add cryptocurrencies in the future, it would likely be in the form of cryptocurrency CFDs.
What did our traders think after reviewing the key criteria?
Although you will not find many assets listed in an LQDFX CFD review, you will notice that the spreads are highly competitive, as they are with forex. The fees vary based on the account type, but between the spreads and typical lack of commission, they are generally highly competitive.
Potential traders should review forex spreads or those for the specific asset they are interested in before signing up for an account. Pay attention to variations in spreads based on the account type, as well.
The range of account types is one of the few areas in which this review finds that the broker excels. The various accounts mean that there is something for every type of trader. All of them feature Straight Through Processing (STP), with the exception of the ECN account. Those exploring this LQDFX UK review will also appreciate the inclusion of a Micro account, helping the broker appeal to traders with lower quantities of funds.
Micro accounts feature market execution, account managers; STP trading models; and access to FX, metals, commodities, and indices. The typical spread is 1, trades can be between 0.01 and 5 lots, and the maximum leverage is 1:500. Swaps are allowed. There are no requotes or commissions. This account type has access to 71 forex pairs, 12 indices, five commodities, MT4, and educational materials, with a minimum deposit of $20.
Gold accounts also include account managers, STP trading models, and market execution. The typical spread is 0.7 with a maximum leverage of 1:300 and trade sizes between 0.01 and 40 lots. There are no requotes or forex commissions, and traders have the same access to assets and educational materials. The minimum deposit is $500.
ECN accounts have market execution, account managers, STP trading models, swaps, and no requotes. Trades can be between 0.01 and 40 lots, with typical spreads of 0.1 and a maximum leverage of 1:300. The same assets are available but there are commissions of 3.50 USD or EUR per 100,000. The minimum deposit is $500.
VIP accounts also have the account managers, market execution, STP trading models, and same asset access. There are no requotes, swaps are allowed, the leverage can be up to 1:100, typical spreads are 0.1, and trades can be any size above 0.1. The commissions are 2.50 USD/EUR per 100,000, and the minimum deposit is $25,000.
Islamic accounts are also available with market execution, account managers, and STP trading models. There are no swaps, requotes, or commissions on forex. These accounts have typical spreads of 0.7 with a leverage of up to 1:300 and trade sizes between 0.01 and 40 lots. The minimum deposit is $20.
Demo accounts are also available. Fund managers will appreciate the LQDFX PAMM program for simpler account management.
Keep in mind that within the European Union, including the UK, retail clients cannot have a leverage higher than 1:30.
Our forex review team appreciates that the broker works with MetaTrader 4, but we do wish that more choices were available. Most clients will agree that if only one platform is going to be available, the best one to offer is MT4. This is a popular platform with a full range of features and an abundance of tutorials online, both in and out of LQDFX reviews.
Using MetaTrader 4 gives clients access to their accounts across devices since MT4 offers a full range of compatibility options. You can download a desktop version for Windows or Mac OS, use the Web Trader, or download the mobile application for tablets and smartphones, whether they run Android or iOS.
MetaTrader 4 is an industry-standard with ultra-fast execution, market depth, one-click trading, negative balance protection, advanced technical analysis, and advanced charts. It works seamlessly with the trading infrastructure of the broker. It also supports the use of expert advisors for automated trading with ease, something our LQDFX UK review team appreciates since it can free up time and let investors trade while they sleep.
The website’s usability is another area in which our LQDFX review found that the broker excels. The website is cleanly laid out and has a professional appearance with its black background, white text, and red accents. The website is also incredibly easy to navigate thanks to the main navigation bar with the drop-down menus at the top. The addition of a bottom navigation menu furthers streamlines the website, offering enhanced usability.
Our LQDFX review team appreciates that the broker offers 24/5 customer support, as this is the industry standard for brokers. Clients can contact support via email, phone, or live chat, depending on their preference. There is also a form to request a call back if you prefer. Additionally, clients can contact LQDFX via social media, as the broker is on Facebook, Instagram, Twitter, LinkedIn, and Google. There are also dedicated emails for deposits/withdrawals, customer support, the partners department, and the trading department.
One lack is that in their support, you will notice that there is no FAQ section. As such, clients and potential clients will need to look around the website to find answers to their questions. If they cannot find an answer, they must either contact support or look for a review that provides it. This seems like a serious downside, as most brokers have FAQ sections or at least help pages with some useful information.
This review appreciates that the broker offers all of the expected deposit methods, most of which will not include any fees.
Card payments are accepted via Visa or MasterCard. In either case, there is a minimum deposit of $20 and a maximum of $10,000 per transaction and $15,000 per card. These deposits appear within 30 minutes and do not have any fees.
Bank Wire Transfer
Accepts bank wire transfers with a minimum deposit of $250 and no maximum. These typically require two to seven days to process. LQDFX will cover any fees associated with deposits of above $500, but your bank may charge a fee for deposits less than this.
Accepts deposits via various e-wallets based on the region. None of these have deposit fees. They all have a minimum deposit of $20 and no maximum deposit. E-wallet deposits are instant. The options include FasaPay, Neteller, Skrill, Bitcoin, UPayCard, and VLoad.
Card withdrawals can be between $20 and $10,000 and come with a fee of $10 and a wait period of two business days. The minimum withdrawal for a bank transfer is $100 without a maximum, and it takes two to 10 business days, with fees varying by bank. E-wallet withdrawals are free, with minimum amounts varying by method and withdrawal times of one business day.
Traders will want to review LQDFX’s news section, as it will help them stay informed. Here, you can find news on forex, as well as terms and a weekly report. The news section also features some useful articles in categories like forex essentials, such as setting trading goals.
Clients can also view chart analysis of major forex pairs to help them make trading decisions. also offers the expected economic calendar. There are also several useful calculators, including for pivots, Fibonacci, and deal size. Unfortunately, these are a separate page on the LQDFX website, not integrated into the platform.
Our review team appreciates the range of courses that the broker offers, with seven categories from trading strategies to ECN to a beginner’s course. There are also courses on using MetaTrader.
If you review LQDFX, you will also notice that this broker has an affiliate program. With this program, affiliates receive ongoing commissions from every trade made by referred clients.
The broker also has a 100 per cent bonus program that provides a bonus of up to $20,000 and applies to any deposit over $250. The bonus is withdrawable without hidden fees or rules.
Regulation & Deposit Protection
This review cautions readers that the broker is not regulated by the FCA nor any other major organization that most clients will expect to see. In fact, the broker’s website does not indicate any official oversight, although it does indicate that it follows the laws of the Marshall Islands. As such, there is no compensation if it becomes insolvent.
To make up for the apparent lack of regulation, LQDFX does offer several ways in which it keeps client funds secure. To begin with, the broker indicates that it continuously monitors, identifies, controls, and assess risks related to operations, allowing it to continue covering capital requirements and financial needs.
Broker keeps client funds fully segregated, so if liquidation does occur, those client funds would be safe from creditors. Additionally, LQDFX partners with tier one banking institutions in the European Union to keep funds secure.
Although many brokers have more awards, we found in our LQDFX review that the broker has two honours. Both come from The Forex Awards.com in 2017. The honours are for “Best ECN Broker” and “Most Reliable Broker.”
The presence of these honours indicates that broker has some strong points. However, most potential clients will prefer to work with a broker that has more awards and accolades under its belt, including more recent ones.
LQDFX is a STP broker incorporated in 2015 in Majuro, Marshall Islands. The firm claims to maintain client funds in segregated accounts in over 265 banks worldwide, including the likes of Barclays, HSBC, and Deutsche Bank. Besides, the broker also pledges negative balance protection to all clients. Despite this, the CFD broker is unregulated, meaning users should be cautious.
LQDFX is an unregulated forex CFD broker registered in the Marshall Islands. So, when it comes to the security of your investments, there is always a degree of risk with unregulated brokers. Also, in the event of a dispute or claim, you cannot approach any regulatory agency since none of them covers the activities of LQDFX.
LQDFX provides clients with the option of multiple fund withdrawal methods. These include
- Bank transfer
- Cards- Visa, MasterCard
- eWallets- Skrill, Neteller, Fasapay and more
- Cryptocurrencies- Bitcoin, Litecoin, and more
Fund withdrawals can take anywhere between 2-10 days to reach your account if it is via card or bank transfer and one business day for withdrawals through eWallets and cryptocurrencies. The broker also charges a withdrawal fee of $€10 for fund payouts via cards.
Individuals registering with LQDFX have the option to trade in FX, bullion, commodities and indices. The STP broker has not included cryptocurrencies trading as part of its offering. So, if you are a crypto enthusiast, you can go to the hundreds of CFD brokers that also offer CFD trading in digital currencies.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.