Wanna see if LQDFX is a legit broker? Is it safe to trade? The spread is high or low? How to deposit or withdraw fund?

We provide answers to all the questions in this LQDFX Review.

We checked LQDFX licenses and regulation status, check if LQDFX scam or safe. Compared LQDFX fees like spread & commission from its live account to other 150 brokers. Also the time for deposit & withdrawal and many more findings in this Review.

What is LQDFX

LQDFX is Online Forex and CFD broker, established in 2015 that claims to provide STP execution model.

LQDFX is a solely offshore broker based in Marshall Islands and is not regulated the top-tier financial authorities.

LQDFX Highlights

🗺️ Regulated inMarshall Islands
🛡️ Is LQDFX safe to tradeNo
💵 EUR/USD spread1.1 pip
🏦 Deposit
Credit Card, e-wallets, Cryptocurrency
💰 Minimum depositUS$20
🏦 Withdrawal
Credit Card, e-wallets, Cryptocurrency
💻 Trading platformMT4
💳 Trading markets
Forex, Metals, Indices, Commodities
📈 Number of product88
📉 Live chat responseNo Live Chat.

Regulation

License and regulation are the keys to traders’ fund security. There are two factors to be checked, what licenses the broker carries and how trader is protected if something goes wrong.

Is LQDFX legit

LQDFX is Marshall Islands based firm, which is registered according to local laws but is not regulated, since the Marshall Islands in an offshore zone with low registration requirement.  

LQDFX Licenses and Regulatory status

EntityRegistered inRegulatorLicense no.Status
Trust Company ComplexMarshall Islands MH96960Registered no regulations

Is LQDFX safe

No, we do not consider LQDFX safe because it is operating only with offshore registration and has none regulatory overseeing.

LQDFX has only one entity in offshore jurisdiction Marshall Islands that does not provide proper standards and audit to brokers, so the trading environment is not considered safe.  

LQDFX Compensation Scheme

EntityCompensation AmountNegative Balance Protection
Dolphin Corp.No compensationYes

We do not recommend registering trading account with LQDFX due to lack of top-tier regulations

LQDFX mentions it provides negative balance, however since the broker is not overseen by regulations this can not be guaranteed.

Markets and Products

At LQDFX you can trade popular instruments like Forex, Indices, Commodities and Metals.

There is no advanced range of trading assets, instrument range is rather basic, popular assets like Stocks, Cryptocurrencies, CFDs are missing.

MarketsInstruments
Forex71
Indices12
Commodities5
Cryptocurrencies
Shares

Account types

LQDFX offers 4 Account Types plus Islamic Account that differ in minimum balance, trading costs and leverage.  

Demo

Free Demo account gives access to virtual funds and test available account type differences.

Login

Login LQDFX is step-by-step process on login page, you can get access to Free account just by filling in your email and password.

MicroGoldECNVIP
Minimum Deposit20 USD/EUR500 USD/EUR500 USD/EUR25,000 USD/EUR
Minimum Balance
Spreads From1 pips0.7 pips0.1 pips0.1 pips
CommissionsZero CommissionsZero Commissions3.5$ per 100,000 traded2.5$ per 100,000 traded

Fees and commissions

LQDFX Fees we rank as average and low, and high for some instruments.

The spread we collected for popular instruments from 6 markets and over 150 brokers

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

LQDFX trading costs and fees are different in each account type

Micro, Gold and Islamic trading account costs are built into a spread and ECN or VIP account has spread and commission pet 100k traded.

We test Micro and Gold account spreads and fount Forex spreads average and low compared to the industry benchmarks,however Metals and Indices spreads are high.

MarketsInstrumentsMicro SpreadGold SpreadOther brokers’ avg spread
ForexEUR/USD1.21.11-1.5
IndicesUS S&P50065.90.5-1.4
CommoditiesGold2.72.40.5-2
StocksTeslaNot available 0.6-1
ETFsUS Russell2000Not available 0.5-1.4
CryptocurrenciesBitcoinNot available 0.6-0.9%

Other Fees

LQDFX has low non-trading fees. Deposits and withdrawals are free of charge, but third party fees may be waived depending on the jurisdiction.

Trading Conditions

LQDFX trading conditions are good. You can deploy any strategy including scalping and hedging.  

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

Hedging and scalping – both are supported with no limits on keeping positions open.

Expert Advisors (EAs) are also available and VPS is provided in cooperation with FXVM.  

Leverage

LQDFX offers leverage ratios up to 1:500 that depend on the account type and instrument you trade.

Deposit

LQDFX claims it has no deposit fees, but it may add on correspondents fees to the trader.

You can use many methods Credit or Debit cards, e-wallets and crediting by Cryptocurrencies.

Deposit MethodFunding TimeFee
Bank Wire2-7 business daysOver 500$ fees covered
Credit CardWithin 30 minFree
Skrill, NetellerInstantFree
CryptocurrenciesInstantFree
fasapayInstantFree
vloadInstantFree
LQDFX Review – Deposit and withdrawal – Deposit
LQDFX Review – Deposit and withdrawal – Deposit

Minimum Deposit

The lowest Minimum deposit amount is 20$ for Micro Account, next account types will require more deposit amount. Also, each of the supported deposit methods have its own minimum deposit amount.

Withdrawal

LQDFX adds no fees for withdrawals, yet similar to deposit subjects payment provider fees to the trader. 

Funds can be withdrawn using the same methods as deposits, where LQDFX claims withdrawal processing within 2 days.

Withdrawal MethodWithdrawal TimeFee
Bank Wire2-10 business daysCorresponding bank fees
Credit Card2 business days0$
Skrill, Neteller1 business days0$
Cryptocurrencies1 business days 
fasapay1 business days 
vload1 business days 

Bonus

LQDFX offers 100% deposit Bonus. Also from time to time, there are additional Bonuses.

LQDFX Review – Bonus
LQDFX Review – Bonus

Trading Platform

LQDFX uses its popular and known MT4 platform only.

MT4

LQDFX MT4 supporting various languages and can be accessed by any device, including LQDFX App for mobile devices for Android and iOS.

LQDFX Review –Platform
LQDFX Review – Platform

Research and Tools

LQDFX research tools are limited and including Economic Calendars, tools inbuilt in the platform and Chart Analysis.

There is no third party and top research materials or deep research essential for beginners.

LQDFX Research tools available via:

  • LQDFX trading platform
  • LQDFX Education section  
LQDFX Review – Research
LQDFX Review – Research

Education

LQDFX education content has Trading Videos, tutorials and courses.

From the downsides there is no deep learning with Webinars or detailed learning content, Fundamental Analysis and leading data providers are missing.

At LQDFX you can learn though:

  • Demo account
  • Educational videos and courses
LQDFX Review – Education
LQDFX Review – Education

Customer Service

Customer service ranked very basic, there is no FAQ section and Live Chat is not supported.

LQDFX Customer Support is available in various languages via:

  • Telephone and Call Back
  • Email
LQDFX Review – Customer Service
LQDFX Review – Customer Service

LQDFX email response is on average speed.

Question AskedWe asked about regulation.
Time of ReplyWe got answer within 2 days.
Quality of ReplyThe answer was basic, referring just to alleged “strict safety measures”.

Conclusion

LQDFX is not a safe broker to trade. There is no adherence to regulations and there are complaints claiming LQDFX Scam.

LQDFX is a solely offshore broker with rather a basic trading offering, limited instruments, research and education, it mainly offers just Forex.

We do not recommend LQDFX due to lack of top-tier and serious regulation. It is better to select another broker like OANDA.

Author of this review

By Jimmy O'Brien

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.

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