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.
|🗺️ Regulated in||Marshall Islands|
|🛡️ Is LQDFX safe to trade||No|
|💵 EUR/USD spread||1.1 pip|
Credit Card, e-wallets, Cryptocurrency
|💰 Minimum deposit||US$20|
Credit Card, e-wallets, Cryptocurrency
|💻 Trading platform||MT4|
|💳 Trading markets|
Forex, Metals, Indices, Commodities
|📈 Number of product||88|
|📉 Live chat response||No Live Chat.|
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
|Entity||Registered in||Regulator||License no.||Status|
|Trust Company Complex||Marshall Islands||–||MH96960||Registered 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
|Entity||Compensation Amount||Negative Balance Protection|
|Dolphin Corp.||No compensation||Yes|
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.
LQDFX offers 4 Account Types plus Islamic Account that differ in minimum balance, trading costs and leverage.
Free Demo account gives access to virtual funds and test available account type differences.
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.
|Minimum Deposit||20 USD/EUR||500 USD/EUR||500 USD/EUR||25,000 USD/EUR|
|Spreads From||1 pips||0.7 pips||0.1 pips||0.1 pips|
|Commissions||Zero Commissions||Zero Commissions||3.5$ per 100,000 traded||2.5$ 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
|Forex||EUR/USD||0.1-0.9||1-1.5||1.6 or higher|
|Indices||US 500||0.1-0.4||0.5-1.4||1.5 or higher|
|Commodities||Gold||0.1-0.4||0.5-2||2.1 or higher|
|Stocks||Tesla||0.1-0.5||0.6-1||1.1 or higher|
|ETFs||US Russell 2000||0.1-0.4||0.5-1.4||1.5 or higher|
|Cryptocurrencies||Bitcoin||0.1-0.5%||0.6-0.9%||1% or higher|
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.
|Markets||Instruments||Micro Spread||Gold Spread||Other brokers’ avg spread|
|ETFs||US Russell2000||Not available||0.5-1.4|
LQDFX has low non-trading fees. Deposits and withdrawals are free of charge, but third party fees may be waived depending on the jurisdiction.
LQDFX trading conditions are good. You can deploy any strategy including scalping and hedging.
|Change Leverage Allowed||Yes|
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.
LQDFX offers leverage ratios up to 1:500 that depend on the account type and instrument you trade.
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 Method||Funding Time||Fee|
|Bank Wire||2-7 business days||Over 500$ fees covered|
|Credit Card||Within 30 min||Free|
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.
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 Method||Withdrawal Time||Fee|
|Bank Wire||2-10 business days||Corresponding bank fees|
|Credit Card||2 business days||0$|
|Skrill, Neteller||1 business days||0$|
|Cryptocurrencies||1 business days|
|fasapay||1 business days|
|vload||1 business days|
LQDFX offers 100% deposit Bonus. Also from time to time, there are additional Bonuses.
LQDFX uses its popular and known MT4 platform only.
LQDFX MT4 supporting various languages and can be accessed by any device, including LQDFX App for mobile devices for Android and iOS.
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 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
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
LQDFX email response is on average speed.
|Question Asked||We asked about regulation.|
|Time of Reply||We got answer within 2 days.|
|Quality of Reply||The answer was basic, referring just to alleged “strict safety measures”.|
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.