LQDFX CFD Broker Review 2018 – With 47 Currency Pairs

Last updated & tested: 13.10.2018

LQDFX first started their operation towards the end of 2015 and ever since then they have been growing steadily. To date, they have won two different industry awards and they are looking to break into the list of industry leaders despite their young age. They are strictly an STP brokerage and they offer more than 47 currency pairs to trade in addition to different commodity and index CFDs.

There is no proper regulation in place for this broker, so it is important to be wary when dealing with these offshore brokers.

Highlights
  • Registered in Marshall Islands
  • Not regulated
  • Founded in 2015
  • Offers 47 currency pairs and multiple CFDs
17.
of 20 CFD Broker
LQDFX
LQDFX experience
Trader Rating
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Risk warning: Capital can be lost. Terms and conditions apply.
Headquarters and regulation

Marshall Islands

Fees and Spread

Spread only

Lever

up to 1:30

Mini contracts tradable

Yes

Trading platform

MT4

Mobile Trading & Apps

Demo account

Yes, unlimited

Number of indices

15

Minimum deposit

$ 20

Services & additional benefits

Live
Hotline
E-mail
Economic Calendar
E-Book
Videos
Courses/Seminars

1. Trading Offer

1) CFD Trading Offer: LQDFX offers a multitude of CFDs

This review of LQDFX looks at the various products that they offer their users, whether it is through CFDs or traditional currency pair trading. All of this can be done under the same account with a single portfolio.

In total, there are 47 currency pairs available to trade in addition to 15 commodities CFDs and 15 indices CFDs. The indices CFDs are from across the Asian, European and US markets.

15
Indices
Number
15
Raw materials
Number
0
Stocks
Number

A CFD is an agreement that allows a trader to speculate on what the value of a given financial instrument is without needing to actually purchase this instrument.

Common CFDs track the price movements of crude oil, currency pairs, market indices, stocks and cryptocurrencies.

The leverage and usual spread depend on what specific account option you to choose to go with there being five options for you to choose from. The higher the account type eg the higher the minimum deposit, the better are you trading conditions.

This review of LQDFX showcases their extended range of CFDs on offer, as well as the option to receive significant leverage if you meet their requirements.

Trader Rating
LQDFXreview_summary_group_1_image
  • 47 currency pairs
  • 15 indices CFDs
  • 15 commodity CFDs
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Risk warning: Capital can be lost. Terms and conditions apply.
2. Costs

2) CFD Trading Costs: LQDFX Has Competitive Spreads

In terms of trading costs with LQDFX, they vary depending on what sort of financial products you are dealing with and they account type that you are using.

For the Micro account, there is max leverage in place of 1:30 and the typical spread is 1, with no forex commission being charged.

With the Gold account, there is a max leverage available worth 1:30 and the usual spread is 0.7, with no commission being charged.

The ECN account has leverage of up to 1:30, an average spread of 0.1 and a very small level of commission charged of 3.50 USD/EUR per 100,000.

1:30
Max Lever
3
FTSE spread
$ 20
Minimum deposit
Yes
Mini contracts
Tradable

The VIP account has commission levels of 2.50 USD/EUR per 100,000 and the max leverage for this account is 1:100 with the usual spread being 0.1.

Finally, with the Islamic account, there is leverage of up to 1:30, a usual spread of 0.7 and no commission is charged.

Because they are a Straight-Through Processing (STP) broker, there are variable spreads on offer depending on the account. Overall, these spreads are competitive when it comes to the rest of the market.

Trader Rating
LQDFXreview_summary_group_2_image
  • Zero commission on 3 account types
  • Variable spreads on offer
  • Five accounts to choose from
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Risk warning: Capital can be lost. Terms and conditions apply.
3. Account

3) Accounts: Five Account Types at LQDFX

This LQDFX review showcases their superb offering when it comes to the variety of account types that you can choose from. They have five different accounts, which means that you will be able to find an account type that is well suited to your specific needs.

All of the accounts are market-executed and have an STP trading model which means there are variable spreads.

Micro account: max leverage of 1:30, minimum trade size of 0.01, a max trade size of 5 lots, a typical spread of 1 and no commission.

Gold account: max leverage of 1:30, minimum trade size of 0.01, a max trade size of 40 lots, a typical spread of 0.7 and no commission.

ECN account: max leverage of 1:30, minimum trade size of 0.01, a max trade size of 40 lots, a typical spread of 0.1 and commission of 3.50 UD/EUR charged per 100,000 charged.

VIP account: leverage of 1:30, minimum trade size of 0.1, no max trade size, a typical spread of 0.1 and commission of 2.50 UD/EUR charged per 100,000 charged.

Islamic account: leverage of 1:30, minimum trade size of 0.01, a max trade size of 40 lots, a typical spread of 0.7 and no commissions.

This is one of the best offerings you can see when doing a broker comparison.

Trader Rating
LQDFXreview_summary_group_3_image
  • Same financial instruments
  • MetaTrader 4 Platform
  • Educational material available
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Risk warning: Capital can be lost. Terms and conditions apply.
4. Platform

4) CFD Trading Platforms & Mobile Trading: MetaTrader for web, desktop and mobile

LQDFX offer their customers the ability to use the industry standard MetaTrader 4 platform.

This includes the desktop and mobile version of this trading platform, so you can trade on the go no matter where you may be.

In terms of the forex industry as a whole, the MetaTrader 4 platform is the most widely used, which means that a lot of experienced traders will already have used this platform and know how to operate it.

MT4
metatrader
MT5
metatrader
IOS
Android
Broker owned Software

There is a multitude of technical indicators available in addition to an environment for back-testing. You are also allowed to automate your trades through this platform, which will be useful for many experienced traders.

This automated trading is made possible thanks to the partnership with Expert Advisors.

The mobile version is available for both Android and iOS. The mobile platform has just as many features available to you and it operates well considering you are using a mobile device.

Trader Rating
LQDFXreview_summary_group_4_image
  • MetaTrader 4 is the sole trading platform on offer which is industry standard platform
  • Desktop version is Windows only and mobile version is Android and iOS compatible
  • Variety of indicators and customisability options available
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Risk warning: Capital can be lost. Terms and conditions apply.
5. Usability

5) Usability of the Website: LQDFX CFD broker is easy and straightforward to navigate

The LQDFX website is very clean and concise with its layout, which means that you will have an easy experience when trawling through the site looking for information about various things.

They rely on a traditional red, black and white colour scheme which makes everything crisp and pop out.

Everything from the menus to the information pages are extremely well laid out. This means that you are not going to be wasting time trying to navigate around the map and finding information that you need to get started trading.

The signup process is also relatively straightforward and you can quickly switch from the demo account to your live trading account with just the click of a button. This means that you can quickly take the strategies you have been testing in your demo account onto the real trading platform and see how they work in the real world trading environment.

There are six different languages catered for with the website, which are English, Arabic, French, Italian, Turkish and Russian.

LQDFX clearly knows that to keep customers happy, everything needs to be laid out in a clear and easy to read manner, which is exactly what they have done.

Trader Rating
LQDFXreview_summary_group_5_image
  • 6 languages catered for
  • Traditional colour scheme
  • Clear and concise menus
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Risk warning: Capital can be lost. Terms and conditions apply.
6. Support

6) Customer Support: LQDFX offers wide-ranging 24/5 support

LQDFX do their best to ensure that any and all issues or problems a customer may have are dealt with as soon as possible. This is achieved through their top class customer support team which is located in multiple worldwide locations.

They have one of the most comprehensive customer support offerings in the industry today. If you want to contact them by email, they have outlined a variety of different email addresses you can contact depending on the type of issue you are experiencing.

This includes email details for the general customer support department, as well as the trading department, partners department and the deposit/withdrawals department.

E-Mail
Telephone
Live-Chat
On the spot

You are also able to get in touch with them by telephone when you fill in and submit the request a call back form that is found on their website.

Alternatively, you can ring them yourselves by using their listed phone number. They have a wide variety of social media channels including Twitter, Facebook and Instagram where you can get in touch with the team.

Finally, there is a live chat feature which allows you to get in touch with a customer support team member almost instantly.

This customer support service is available 24/5 which means that you will always be able to contact the team when trading.

Trader Rating
LQDFXreview_summary_group_6_image
  • 24/5 customer support
  • Able to email specific teams depending on your issue
  • Customer support teams from across the world
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Risk warning: Capital can be lost. Terms and conditions apply.
7. Payment

7) Methods of Payment: Various methods available for LQDFX Depositing and Withdrawal

LQDFX offer a number of different deposit and withdrawal options for their users.

You can make a bank transfer deposit to your account, which has no max deposit amount but there is a minimum required deposit of $250 in place. It will normally take between two and seven days for the deposit to be processed into your account.

The remaining deposit options have a minimum required deposit of $20.

Visa and MasterCard deposits process in the space of 30 minutes and there is a max deposit limit of $10,000 in place.

  • banktransfer
  • creditcard
  • neteller

The remaining deposit options on offer are Skrill, Neteller, Union Pay, Fast Pay, Bitcoin and U Pay Card, all of which will be processed instantly.

There is no max withdrawal for the bank transfer option, but there is a minimum withdrawal of $100 and it will take two to ten business days for the money to be processed. The fee for this option depends on the bank that is being used.

Visa and MasterCard withdrawals process in two business days and there is a fee of $10 per withdrawal. The max withdrawal is $10,000 and the minimum withdrawal is $20.

The other options will process within 1 business day and the minimum withdrawal amount is $5, except for Bitcoin which is $10. There are no fees charged for these withdrawal options.

Trader Rating
LQDFXreview_summary_group_7_image
  • Many deposit and withdrawal options
  • Quick processing times for e-wallets
  • Minimum withdrawals in place
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Risk warning: Capital can be lost. Terms and conditions apply.
8. Offers

8) Additional Offers: Free LQDFX Broker Demo Account, Bonus Offers and Economic Calendar

There is a demo account available for users of the LQDFX platform. This ideal for beginner traders as it will allow them to get to grips with how a trading platform works and it will allow them to get some experience trading before putting their own money on the line.

It is also a good way for more established traders to test out new strategies and techniques without having to take any risk on board in case they do not work out too well.

There is a 100% deposit bonus on offer when you sign up for an LQDFX account or you are an existing customer. This is up to total bonus funds worth $20,000 when a deposit of at least $250 has been made.

E-Mail
Economic calendar
E-Book
Videos
Courses or Seminars
Demo Account

There is a comprehensive economic calendar available on the LQDFX website. You can use this in order to keep up to date with all the latest events having across the world that may have an effect on the markets.

It is always worthwhile keeping an eye on the economic calendar for some key dates during the year.

They also have a variety of calculators, analysis of charts and educational courses available to you in case you need to brush up on a certain area of your trading.

Trader Rating
LQDFXreview_summary_group_8_image
  • Free demo account
  • Variety of calculators and educational materials available
  • Deposit bonus worth up to $20,000 for new and existing customers
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Risk warning: Capital can be lost. Terms and conditions apply.
9. Regulation

9) Regulation & Deposit Protection: Your Money is safe with LQDFX broker

You may be forgiven for asking is LQDFX legit after reading this LQDFX trading platform review because they have only been in business for a few years.

It is usually a good idea to be somewhat sceptical of newer brokers, especially when they are offshore and are not regulated. LQDFX operates out of the Marshall Islands, which means that they do not fall under any proper regulatory framework.

None
Regulatory Authority
MIFID II
No
5.000
Dep. Protection

They are part of the Financial Commission, which is a self-regulatory and independent body that is focused solely on Forex. This means that there are compensation funds for traders for amounts up to $5,000.

They also say that they keep the customer’s funds separate from the operational funds of the company, which means that in the case of liquidation, the creditors can’t get their hands on user’s funds. They also have relationships with 265 banks across the world, including major banks such as HSBC, Deutsche Banka and Barclays.

While it is always good to be sceptical about an offshore broker, it appears that LQDFX is a safe option.

Trader Rating
LQDFXreview_summary_group_9_image
  • Offshore broker which is not regulated
  • Compensation of up to $5,000 available to users
  • Relationships with major global banks
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Risk warning: Capital can be lost. Terms and conditions apply.
10. Awards

10) Awards: Media Reports about LQDFX

Since first starting their operations in 2015, FQDFX have received a couple of industry awards for their efforts, both of which came in 2017.

They were first voted as being the best ECN broker in January of 2017. This came after a breakout year in 2016 in which they dramatically increased their user base. They were also voted as being the most reliable broker in January 2017.

These two awards were major wins for the broker as it helped them to stamp their legitimacy in the industry, especially as they have only been in operation for a few short years.

Apart from these awards that were given to them by the forexawards.com website, there has been little to no major media reports about LQDFX.

As they are still relatively new in the business, there has not been too much written about them. The reassuring thing for users is that they have not yet been embroiled in any controversy regarding their activities or the likes. There seem to be no negative reviews about this broker and they do not appear in any scam sites.

Trader Rating
LQDFXreview_summary_group_10_image
  • Won two awards in 2017
  • Voted Most Reliable Forex Broker and best ECN broker
  • Limited Media Attention
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Risk warning: Capital can be lost. Terms and conditions apply.

Conclusion: LQDFX review final thoughts

Is LQDFX legit and is LQDFX a good broker?

Having gone in-depth with this LQDFX review, it can clearly be seen that despite only being in operation for a few years, they are seeing significant growth year on year and are certainly a broker for the future.

They do have somewhat of a limited offering of financial instruments as of right now, with 47 currency pairs, 15 indices CFDs and 15 commodities CFDs on offer. However, it is expected that over time, this quantity will expand.

They have competitive variable spreads, they only charge commission on a couple of account types and they have decent levels of leverage available.

They have a quality website and they have one of the most comprehensive offerings in terms of amount types around, with five different options to choose from as showcased by this LQDFX trading platform review.

There is somewhat of a limited offering in terms of trading platforms, but MetaTrader 4 is an industry standard and most traders will have used it before. There is a strong deposit bonus in place for both existing and new customers, with bonus funds of up to $20,000 being up for grabs.

To conclude this LQDFX review and CFD broker comparison, LQDFX is clearly an up and coming party and in a few years may be one of the best CFD brokers in the industry.

Strengths

  • 5 account options
  • Strong deposit bonus
  • Competitive spreads
  • Strong customer support

Weaknesses

  • No regulator
Test result
Total

Ratings
0
Broker
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Risk warning: Capital can be lost. Terms and conditions apply.
LQDFX
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

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