LQDFX Review

Overall, LQDFX is a trustworthy Marshall Islands-based forex broker with a straight-through processing approach.  It focuses on client-centric service, offers excellent customer support, and has a trust score of 75 out of 99.

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker
🥈		Read Review	FSCA, IFSC, ASIC, CySEC, DFSA, FCA	USD 5	Visit Broker
🥉		Read Review	FCA, FSCA, FSC, CMA	USD 200	Visit Broker
4		Read Review	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	USD 200	Visit Broker
5		Read Review	FSC, FSA, VFSC	USD 10	Visit Broker
6		Read Review	CySEC, MISA, FSCA	USD 25	Visit Broker
7		Read Review	CySEC, FCA, FSA, FSCA, Labuan FSA	USD 100	Visit Broker
8		Read Review	CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA	USD 10	Visit Broker
9		Read Review	ASIC, CySEC, FSCA, CMA	USD 100	Visit Broker
10		Read Review	IFSC, FSCA, ASIC, CySEC	USD 1	Visit Broker

LQDFX Review – Analysis of Brokers’ Main Features

1. ☑️ Overview
2. ☑️ Detailed Summary
3. ☑️ Safety and Security Measures
4. ☑️ Account Types
5. ☑️ How To Open an Account
6. ☑️ Trading Platforms and Software
7. ☑️ Fees, Spreads, and, Commission
8. ☑️ Leverage and Margin
9. ☑️ Trading Instruments and Products
10. ☑️ Deposit and Withdrawal Options
11. ☑️ Educational Resources
12. ☑️ Pros and Cons
13. ☑️ In Conclusion

Overview

LQDFX, a Marshall Islands-based forex broker, entered the market in late 2015 and has quickly established itself. The broker uses the Straight Through Processing (STP) approach, ensuring quick order execution and transparency for traders minimizing conflicts of interest.

Despite its short existence, LQDFX has received industry accolades for its excellent service. The company plans to establish customer support centers worldwide to provide accessible support.

LQDFX’s focus on client-centric service and commitment to technology development makes it a promising alternative for traders seeking a simplified trading experience. Its commitment to industry best practices and technology advancements makes it a promising choice for traders.

Is LQDFX planning to expand or have a physical presence in other regions?

Yes, LQDFX intends to develop customer service centers across the globe, showcasing its dedication to accessibility and offering localized help to traders in various countries.

How has LQDFX been acknowledged in the forex industry?

Despite its brief history, LQDFX has received industry recognition for its great service and devotion to client-centric procedures, solidifying its position as a trustworthy option among traders.

Detailed Summary

Safety and Security Measures

LQDFX prioritizes client funds security through secure payment handling, keeping customer funds separate from business finances, and using risk management methods to monitor operational risks.

They also offer negative balance protection to protect traders from turbulent market situations. LQDFX collaborates with top-tier EU banks like Barclays, HSBC, and Deutsche Bank to enhance financial security.

How does LQDFX deal with cybersecurity concerns and possible breaches?

LQDFX takes a proactive approach to cybersecurity, frequently upgrading its systems and infrastructure to protect against cyber threats and possible breaches and ensure the security of customer funds and information.

How does LQDFX guarantee the security of customer funds?

LQDFX emphasizes client funds’ security by keeping them separate from corporate funds and using strong risk management techniques.

Account Types

Micro Account

The Micro Account is a beginner-friendly forex trading account with an entry-level deposit of $20, running on the MT4 platform and offering market execution at a leverage of up to 1,1000.

It offers large spreads starting at 1 pip, making it suitable for those new to forex trading or with minimal funds.

Gold Account

The Gold Account is a low-cost trading platform for traders seeking narrow spreads from 0.7 pips without commission costs. It offers a $500 minimum deposit and up to 1:300 leverage, making it ideal for Forex, commodities, metals, and indices traders.

With competitive trading conditions and acceptable entrance criteria, it is a popular choice among experienced traders.

ECN Account

The ECN Account is a retail platform offering ECN trading with raw spreads starting at 0.1 pips and a $500 minimum deposit.

It offers leverage of up to 1:300 and is best suited for experienced traders seeking direct market access with narrow spreads. It showcases the speed and liquidity of ECN trading.

VIP Account

The VIP Account is a high-net-worth trading platform with a minimum deposit of $25,000, offering premium trading conditions, market execution, no lot size limits, and spreads starting at 0.1 pips. It provides up to 1:100 leverage for experienced traders.

Islamic Account

Similar to the Gold Account, the Islamic Account offers swap-free trading conditions, such as spreads and lot size limitations, in line with Sharia law.

This account is ideal for Muslim traders seeking Islamic finance standards. It offers a competitive advantage while maintaining swap-free trading conditions.

Demo Account

The Demo Account is designed for new customers to familiarize themselves with trading conditions and the MT4 platform without financial risk. It offers up to $100,000 in simulated funds, allowing novices and experienced traders to practice trading methods without risking real money.

What are the benefits of creating a Gold account with LQDFX?

Opening a Gold Account with LQDFX provides tight spreads starting at 0.7 pips and no commissions.

Is the VIP Account ideal for LQDFX beginning traders?

No, the VIP Account on LQDFX has a $25,000 minimum deposit and is intended for high-net-worth people and experienced traders owing to its superior trading conditions.

How To Open an Account

To register an account with LQDFX, follow these steps:

Visit the LQDFX website and browse the homepage.

• Click on the “Accounts” tab to choose the account that best fits your trading expertise and budget.
• Locate the “Open Live Account” option and complete the online application form.
• Completely provide your name, email address, phone number, and country of residence.
• Choose a safe password and your desired base currency (if LQDFX supports it).
• To comply with the rules, upload a copy of your government-issued ID and evidence of residence (utility bill or bank statement).
• Select your desired deposit method (credit/debit card, bank transfer) and follow the instructions to send your first deposit amount (based on your account type).
• Once your account has been authorized and financed, download and install the MetaTrader 4 platform (MT4) provided by LQDFX.

LQDFX provides demo accounts, including virtual funds. This lets you learn about the MT4 platform and practice trading methods without risking real capital.

How long does it take to verify an account on LQDFX?

Account verification on LQDFX normally takes a few business days, depending on the number of applications and the quality of the papers submitted.

Can I finance my LQDFX account with cryptocurrency?

Yes, LQDFX accepts cryptocurrency deposits so that you may fill your account with major cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

Trading Platforms and Software

LQDFX’s MT4 platform offers a seamless trading experience, combining efficiency and complexity. Its architecture leverages LQDFX’s excellent trading infrastructure, offering competitive pricing, no dealing desk involvement, and improved order execution.

MT4 suits traders interested in forex, commodities, indexes, and spot metals. It caters to beginners and experienced traders, offering a single-click trade execution, in-depth market research, and powerful charting tools.

LQDFX also offers algorithmic trading using Expert Advisors (EAs), allowing traders to automate tactics and improve trading success. It emphasizes risk management with features like negative balance protection and the Depth of Market function.

Can I use automated trading methods on the LQDFX trading platforms?

LQDFX enables automated trading methods using Expert Advisors (EAs) on its MetaTrader 4 platform.

Can I modify the charts and indicators on the LQDFX trading platforms?

Yes, LQDFX’s trading platforms, including MetaTrader 4, enable traders to undertake in-depth market research by customizing charts using technical indicators and graphical tools.

Fees, Spreads, and, Commission

Spreads

LQDFX offers competitive variable spreads, starting at 0.1 pips for certain account types, benefiting forex traders.

These spreads vary based on the financial instrument being traded, with large currency pairings having the lowest due to their liquidity. LQDFX’s STP execution mechanism ensures orders are completed at the best rates.

Commissions

LQDFX commissions are tightly connected to the account type selected by the trader. While certain accounts, such as the Micro and Gold, allow commission-free trading, others, such as the ECN and VIP accounts, charge a commission fee. The ECN Account charges $2.5 per standard lot traded, while the VIP Account charges $1.5.

Overnight Fees

LQDFX charges overnight fees when positions are kept open overnight. These costs vary depending on the kind of item exchanged and are subject to fluctuate in response to market circumstances.

For traders who follow Islamic financial principles, LQDFX provides swap-free Islamic accounts, which eliminate these costs per Sharia law.

Deposit and Withdrawal Fees

LQDFX prides itself on providing a low-cost deposit and withdrawal procedure. The broker does not charge deposit fees, and most withdrawal methods are likewise free, with a few exceptions on bank wire transfers.

Inactivity Fees

LQDFX charges inactivity fees for inactive accounts marked as dormant and archived for twelve consecutive months. Users can revive archived accounts by contacting support staff and paying a 20% dormant account maintenance charge.

Currency Conversion Fees

Currency conversion costs apply when traders perform transactions in a currency other than their account’s base currency. These costs cover changing the currencies used in deposits, withdrawals, and transactions.

Does LQDFX provide set spreads for any account types?

No, LQDFX does not give set spreads; instead, it offers variable spreads that change in reaction to market conditions, assuring competitive pricing for traders.

What is the average spread between major currency pairings on LQDFX?

The average spread for key currency pairings on LQDFX is frequently as little as 0.1 pips.

Leverage and Margin

LQDFX emphasizes margin requirements and outlines specific duties for clients. Clients must maintain their Initial or Hedged Margin within LQDFX’s restrictions, ensuring sufficient funds are available.

LQDFX can amend margin requirements with three business days’ notice unless a Force Majeure Event occurs. LQDFX may cancel open positions without prior notification in case of inadequate equity, subject to account type criteria.

Clients must alert LQDFX if they anticipate trouble making margin payments, but LQDFX is not required to issue margin calls. Currency differences in margin payments are addressed by translating amounts into the trading account’s currency at appropriate exchange rates.

Margin calls and stop-out levels are crucial for risk management, with VIP accounts having a higher stop-out level.

How often does LQDFX alter its margin requirements?

LQDFX can change its margin requirements regularly, based on market circumstances and regulatory restrictions, to account for variations in volatility and risk exposure.

Is there any variation in margin requirements across currency pairings on LQDFX?

Yes, margin requirements differ across currency pairings on LQDFX based on variables such as liquidity, volatility, and regulatory restrictions.

Trading Instruments and Products

LQDFX offers the following trading instruments and products:

• Access to 71 currency pairings, which include major, minor, and exotic currencies.
• The platform provides attractive spreads from 0 pips on certain accounts and leverage up to 1:1000.
• Precious metals trading in their commodities services.
• CFDs on 24 commodities, including crude oil, natural gas, maize, wheat, and metals.
• 12 index CFDs available, including prominent indexes like the S&P 500, Dow Jones, DAX 30, and more.
• Five cryptocurrency CFDs, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
• CFDs on five big US stocks: Apple, Amazon, Facebook, Google, and Tesla.

Does LQDFX provide fractional share trading for individual stocks?

No, LQDFX only allows CFD trading on chosen individual equities; fractional shares trading is not currently available on the site.

Can I get real-time market data and charts for trade analysis on LQDFX?

LQDFX’s trading platform includes real-time market data and powerful charting tools.

Deposit and Withdrawal Options

Deposit Methods

 Bank Wire

• Log into your LQDFX client portal and go to the “Deposits” area.
• Choose “Bank Wire” as your deposit option and get LQDFX’s bank account information.
• Make a wire transfer from your bank using LQDFX’s bank account details and your LQDFX account number.
• Allow for processing time, which could take several business days.
• For deposits of $500 or more, LQDFX pays incoming wire costs.

Credit or Debit Card

• In your LQDFX client area, go to the “Deposits” section and pick “Credit/Debit Card” (usually Visa or MasterCard).
• Enter your card details, including the card number, expiry date, CVV code, and desired deposit amount.
• Further verification may be required depending on your card issuer (for example, 3D Secure).
• Deposits made using credit cards are generally credited to your trading account promptly.

Cryptocurrency

• In your LQDFX client site, choose “Cryptocurrency” as your deposit method and pick a supported cryptocurrency (e.g., Bitcoin, Ethereum).
• Your deposit will establish a unique wallet address.
• Go to your cryptocurrency wallet and transfer to the supplied LQDFX wallet address.
• To prevent problems and lost funds, pick the right cryptocurrency network.

e-wallets or Payment Gateways

• In the “Deposits” area of your LQDFX client site, choose your favorite e-wallet (usually Skrill, Neteller, FasaPay, etc).
• You will be taken to the e-wallet provider’s login page.
• Enter your e-wallet credentials and authorize the payment to LQDFX.
• Deposits made using e-wallets are generally handled quickly.

Withdrawal Methods

Bank Wire

• Log onto your LQDFX client portal and navigate the “Withdrawals” area.
• Select “Bank Wire,” input your bank account information, and set the withdrawal amount.
• Submit your withdrawal request and wait a few business days for processing.

Credit or Debit Cards

• Go to your client area’s “Withdrawals” section and pick “Credit/Debit Card.”
• Enter the withdrawal amount (this may be restricted to prior card deposits).
• Submit your request and allow processing timeframes normally for a few business days.

 Cryptocurrency

• Navigate to the “Withdrawals” section and choose “coin,” then pick your chosen coin.
• Enter your external crypto wallet address and withdrawal amount.
• Crypto transactions are irrevocable, so double-check the address for correctness.
• Submit your request and wait for the typical blockchain processing periods.

e-wallets or Payment Gateways

• Choose your e-wallet provider from the “Withdrawals” section of your LQDFX site.
• Enter your e-wallet information and desired withdrawal amount.
• Submit your request.

How long does it take for crypto deposits to show up in my LQDFX account?

Cryptocurrency deposits on LQDFX are often handled immediately or within a few hours, depending on blockchain confirmation periods.

Does LQDFX provide any incentives or bonuses for deposits into my account?

Yes, LQDFX provides promotions and benefits for depositing funds into your trading account, including increased trading capital and incentives for active traders.

Educational Resources

LQDFX provides a variety of trading courses designed to help customers improve their trading knowledge and abilities. This contains video training for the MT4 platform as well as trade eBooks.

Moreover, a glossary is provided as an instructional resource to aid traders in becoming acquainted with prevalent trading terminology and specialized terms.

Is there a payment for accessing education materials on LQDFX?

LQDFX offers its customers free educational materials like trading classes, market research, and trading insights.

Are LQDFX’s instructional offerings appropriate for both beginners and experienced traders?

Yes, LQDFX’s instructional tools cater to traders of all skill levels.

Pros and Cons

In Conclusion

According to our findings, LQDFX is a forex and CFD broker with a mixed reputation. It offers Straight Through Processing (STP) execution, customer funds segregation, and various account types. The MetaTrader 4 platform ensures familiarity and solid operation.

However, according to our research, LQDFX’s price structure, changing spreads, and registration in the Marshall Islands raise investor protection issues.

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