LQDFX Review
💲 Min Deposit $20
⌛ Year Established 2015
💡 Min Position 0.01 lot
🌐 Website www.lqdfx.com
⚖ Max Leverage 1:500
Accepts US traders
👨💻 PAMM
📁 Segregated accounts
📈 Managed accounts
📖 Free education
🗺 Vps
LQDFX is a well-established broker since 2015. LQDFX has a headquarter in . LQDFX to provide their Forex/CFD trading services to global clients.
Extensive Review
An online broker with a goal to be the most loyal, quality, and devoted to clients through its STP execution avenue, LQDFX was founded in 2015. The company is headquartered in Marshall Island but so far hasn't been registered in any financial regulators yet.
Despite its offshore location and the absence of regulation, LQDFX commits itself to provide services as a true Straight-Through Processing (STP) broker that never takes the opposite side of clients' trades. For safety measures, the company also claims to store their clients' funds in segregated accounts with top-tier banks such as HSBC, Barclays, and Deutsche Bank. As of 2019, there haven't been any major claims or disputes from LQDFX's clients that have been brought in popular sites like ForexPeaceArmy or any other news sites.
Aside from STP execution, LQDFX accentuates its eminence in providing 5 different types of accounts with various advantages for every trader's needs. Trading in LQDFX would offer you the chance of choosing account types as follows:
Micro Account
- Minimum deposit: $20
- Minimum spread: from 1 pip
- Leverage: up to 1:500
- Minimum trade size: 0.01 lot
Gold Account
- Minimum deposit: $500
- Minimum spread: from 0.7 pips
- Leverage: up to 1:300
- Minimum trade size: 0.01 lot
ECN Account
- Minimum deposit: $500
- Minimum spread: from 0.1 pips
- Leverage: up to 1:300
- Minimum trade size: 0.01 lot
VIP Account
- Minimum deposit: $25,000
- Minimum spread: from 0.1 pips
- Leverage: up to 1:100
- Minimum trade size: 0.1 lot
It is important to note that even though Islamic Account and Micro Account is practically typical bar the minimum spread, a prominent contrast between the two accounts is Swap's availability. Islamic Account adheres to Muslim trader's compliance with Sharia Law, so it excludes the rollover rate for any overnight trades.
Traders with a keen interest in venturing into different trading instruments can find many kinds of class assets after opening an account in LQDFX. Other than 71 currency pairs, it offers trading in indices, commodities, and metals available in all five LQDFX account types.
Unfortunately, this broker is still limited in the trading platform department, since MetaTrader 4 is still made as the only choice offered to clients. Seeing that MetaQuotes itself has declared that MetaTrader 4 will be eventually replaced by the more advanced MetaTrader 5, a lot of brokers have been offering the two platforms simultaneously. However, that is not the case with LQDFX's trading platform, signifying their quite late response to market change.
For clients' analysis, this broker creates a whole news section consisting of comprehensive contents about the latest updates in the financial market. The educational feature is also presented with the concepts of beginners course, trading tools explanation, the study of trading strategies, an introduction to ECN, MetaTrader tutorials, as well as a collection of Forex eBooks.
Deposit and withdrawal methods vary from bank transfers, credit card (Visa MasterCard), to e-payments like Skrill, Neteller, FasaPay, etc. It is also worth mentioning that LQDFX has accepted payments via blockchain-based wallet from Bitcoin, Ripple, Ethereum, and LiteCoin.
In conclusion, LQDFX is an accomplished broker for retail traders, especially those looking for STP execution and flexible trading conditions in spreads, leverage, as well as minimum deposits. However, this broker is not preferable if you search for high-tech trading tools, as the trading platform is quite limited and there are no additional technical tools offered for clients. Regarding its status as an offshore broker with no legal standing as a financial service provider, traders are highly advised to consider the risk exposure brought upon these matters before delving into LQDFX's real account.
Account Information
Apart from the forex demo account, this broker offers Micro, Gold, ECN and VIP. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by LQDFX is up to 1: 500. Meanwhile, you can open an account with a starting capital of $20.
Min Deposit
$20
Max Leverage
1:500
Spread
Fixed
Commission
$2.50
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $20
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, LQDFX also offers some instruments you would like to trade on, such as Forex, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Micro account, LQDFX specifically provides it with the following instruments and leverage:
Forex
1:500
Indexes
1:500
Crypto
1:2
💲 Min Deposit $500
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, LQDFX also offers some instruments you would like to trade on, such as Forex, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Gold account, LQDFX specifically provides it with the following instruments and leverage:
Forex
1:300
Indexes
1:300
Crypto
1:2
💲 Min Deposit $500
💡 Min Position 0.1 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $3.50
Instruments Traded
Besides lots of currency pair, LQDFX also offers some instruments you would like to trade on, such as Forex, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for ECN account, LQDFX specifically provides it with the following instruments and leverage:
Forex
1:300
Indexes
1:300
Crypto
1:2
💲 Min Deposit $25000
💡 Min Position 0.1 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $2.50
Instruments Traded
Besides lots of currency pair, LQDFX also offers some instruments you would like to trade on, such as Forex, Indexes and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for VIP account, LQDFX specifically provides it with the following instruments and leverage:
Forex
1:100
Indexes
1:100
Crypto
1:2
Payment Methods
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
LQDFX also provides payment with USD Coin (USDC), Tron, Tether (USDT), Ripple, Litecoin, Ethereum, Crypto Cash, Crypto and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, LQDFX offers you MetaTrader 4.
Customer Support
Do you have any question or find any trouble related to LQDFX? If you do, you should reach LQDFX's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About LQDFX
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if LQDFX is a good broker for you or not by reviewing the criteria. In general, LQDFX provides trading service in Forex , Indexes and Crypto . As for the payment methods, you can choose between Skrill, Wire transfer, Credit/debit cards, Neteller, FasaPay, Crypto, Litecoin, Ethereum, Ripple, Crypto Cash, Tether (USDT), Tron and USD Coin (USDC). The customer support is available via Email, Web form, Phone, Callback, Live chat and Skype.
The starting capital in LQDFX is $$20.
LQDFX is regulated by None. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
LQDFX is a brokerage company offering trading services for clients since 2015 with offices in .
Jul 25 2023
