Is LQDFX Scam or Legit Broker?

LQD Limited has been suspected as a scam broker. According to the website, LQD Limited is providing financial services under the laws of the Marshall Islands Business Corporation Act. However, it doesn’t mean the company is regulated or licensed. 

  • In fact, the Marshall Islands is an offshore zone attracting various firms that for one reason or another escape from serious regulation or compliance with international service providers.

Anyway, financial companies should be a very respected entities, as the statistics show that the majority of non-authorized firms never recovered the sums of clients’ investments. Therefore, we always advise avoiding offshore companies with no license as there are too many frauds around.

 

About LQDFX
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is LQDFX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

What is LQDFX?

LQDFX is an STP type of broker, which was established in late 2015. The broker claims to be one of the leaders in the FX industry, naming its numerous awards. LQDFX offers its clients forex pairs (including 7 majors, 21 minors, and 43 exotics). Traders also get an opportunity to trade precious metals, including gold, silver, palladium, and platinum, as well as multiple global stock indices, energy, and agricultural commodities. The broker offers flexible leverage up to 1:500 with the Micro account.

  • However, based on our research, the website doesn’t provide the address of the company, there is only a British contact number, which means the company has been offering its services to UK residents without being authorized to do that. Most probably this forex broker is not under any regulation.
  • Also, the company provides false information about the rewards it holds, including, Best ECN Broker (Find ECN Forex Brokers here), and Most Reliable Broker, etc.
  • In addition, there are a lot of negative reviews that can be found on the forums about LQDFX. People share the horrible customer experience they had with the company and also state that they are not able to withdraw their funds from the broker.

Overall LQDFX Ranking 

Due to the regulation and safety issues, we found during our research of LQDFX , we do not rank positively LQDFX, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • LQDFX Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingLQDFXBDSwissBlackBull Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneCurrency TradeTrading Conditions

LQDFX Alternative Brokers

We found that LQDFX has a lot of issues, mainly in respect of its safety and customer care. Thus, here are much better Alternatives to LQDFX with tight regulations and great trading conditions. We select Good Brokers and trustworthy options for your comparison below: 

  • HFM – Good for Currency trading
  • FP Markets – Good for CopyTrading
  • FXTM – Good for Beginners

LQDFX in India

LQDFX allows Indian traders to open accounts and trade. However, LQDFX has no mention of complying with any Indian regulators on its website. 

LQDFX in the USA

As to the LQDFX activities in the US, the broker is not accepting clients from the US as it would mean opposing local laws or regulations. This means clients from the US cannot open an account with LQDFX (See Forex Brokers Accepting US Clients).

LQDFX Deposit & Withdrawal

In order to fund an account traders may choose among the following methods: Bank wire transfers, cryptocurrencies, Visa and Mastercard payment cards, plus Skrill, Neteller, FasaPay, and Load e-wallets.

  • LQDFX has a minimum deposit of just $20 on their Micro account. This type of account is usually used for beginners (Forex Trading Platforms for Beginners), for those who just started getting to know the world of online trading. 
  • The minimum amount that can be withdrawn is $100 for wire transfers, $20 for payment cards, $10 for Bitcoin, $30 for other cryptos, and $0-10 for e-wallets.

Apps

LQDFX offers mobile trading using a version of MetaTrader 4 designed for iOS and Android devices. The app supports several charting options and technical indicators, though fewer than the desktop version. The application retains much of the other functionality, including one-tap trading, interactive charts, market depth, and internal transfers.

Demo Account

LQDFX offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. Traders can use this demo account with a balance of $100 000 virtual money in order to be able to evaluate the benefits of the trading platform.

LQDFX Review Conclusion

Overall, it is advised to avoid trading with LQDFX due to its unregulated services and the high-risk operation which targets numerous clients. Dealing with an offshore broker most often carries a significant chance to fall under a scam operation. Therefore, we advise trading with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and FBS.

  • Overall ranking and experience for LQDFX is Negative
Tin From Slovenia | | Friday, September 6, 2019

They are replacing trades to cover their loss. They replace closed trade more than 100 pips above exchange rate.

No news available.

7 responses to “LQDFX”

    • How lame, just an other scammy article trashtalking competition because they are afraid.
      I’ve geen a client from LQDfx after trying countles other brokers.
      Never had any manipulation, issues, etc
      It has one of the easiest interfaces to use and the withdrawals are never a problem.
      They even do double checks before paying out to see you actially gave the order.

      • I’ve never any problem with them either. The day tradersway and several other brokers got caught with massive manipulation lqdfx was flawless. Withdrawals have been easy up to now. Their size is increasing massively, but I anticipate them keeping true to their word. They are regulated, unlike the article says, and they are also a publicly traded company. That in itself is quite the warranty.

  1. does anyone know of a broker that a person in NZ can use, that is simple to get money into and out of

  2. They do accept united states clients, They will ask you for an Identification card and also an utility bill, once they carry out there finds, they will approve your account.

  3. This BS about FCA is a scam. I was Alpari customer, seated in London and lost my money. They spent all money in consulting services after broke and more than 100k clients did not see any penny. This is not a DD. Its a guess here.

Leave a Reply

Your email address will not be published.

* code