LQDfx Review [2023] – Plus Free Bonus! Avoid The Scams

Table of Contents

LDQfx broker logo
LQDFX Review 2023
Overall
4.8
  • Easy To Use?
  • Fees
  • Range Of Assets
  • Customer Support

Review Summary

Pros

  • Variety of account types offered (cent, ECN, Premium, demo, Islamic)
  • PAMM service for copy trading
  • Low minimum deposit ($20)
  • Free Bonus Up To $20,000
  • Mobile app using MT4
  • Low spreads & Good fees overall
  • Leverage up to 1:500
  • Crypto withdrawals available
  • Good range of markets available (fx, crypto, indices, commodities, stocks)

Cons

  • Not licensed or regulated
  • Fewer trading assets than some competitors
  • Not covered by insurance for compensation claims
  • Customer Support only 5 days per week

If you’re thinking of opening a trading account with LQDfx forex exchange then you should definitely check out this honest LQDFX review. I will explain what’s good (and bad!) about this broker so you can make an informed decision if they are the right forex broker for you.

IMPORTANT! As a long-standing client of LQDFX, I’m able to offer an exciting deposit bonus for you!

If you decide to open a forex trading account with LQDfx after reading this review then be sure to join using the link below to be eligible for up to 100% deposit bonus!

>> Join LQDFX Today. Click Here To Get Started <<

Overview


LQDfx was established in late 2015. In spite of being new in the FX industry, the company positioned itself as one of the best in the sector and is now an award-winning broker. They offer traders a good range of assets to trade and top-notch customer service available 24 hours, 5 days a week.

The company offers clients opportunities to trade several instruments such as Contracts for Difference (CFD), commodities, indices, and precious metals. Furthermore, they have 71 forex currency pairs, 7 nonmetallic commodities, and 12 equity indices.

LQDfx aims to establish a name as the most loyal and devoted broker with the highest quality through the STP execution avenue.

Where Are They Located?

The company is located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

LQDfx review

Regulation

An important part of this LQDFX review is looking at Regulation.

This is often the main consideration in deciding which forex broker to register with. The reason why regulation bears so much importance in the industry is that it gives assurance of safety for traders.

Moreover, regulated brokers are less likely to scam their clients. Although there is no guarantee that regulated forex brokers do not scam at all. 

LQDfx is located in an unregulated area, the Marshall Islands. This implies that they are an unregulated broker. Due to this unregulated status, the company is usually branded as a scam.

However, this issue is common among forex trading companies. Uneducated traders claim that brokers stole their money but failed to understand the high risk of capital loss in trading forex in the first place.

Also, they are a member of The Financial Commission which is an independent self-regulatory organization. This means they strive for high standards without being regulated by one particular jurisdiction.

LQDFX has been providing forex trading to customers for many years and is trustworthy and legit. Trading CFDs is a very high risk though, and losses can easily occur.

As they say on their website, your capital is at risk. Experiencing losses due to poor trading is not the same as being scammed!

Account Types


LQDfx has currently 5 different CFD trading account types that cater to the needs of its traders.

The following are the accounts together with their minimum deposit:

  • Micro Account – $20
  • Gold Account – $500
  • ECN Account – $500
  • VIP Account – $25,000
  • Islamic Account – $20

LQDfx trading platform abides with the laws of Islam by forbidding Islam traders to pay interests or swaps. The Islamic account is exclusive to Islam believers and the company seeks proof for clients to qualify.

LDQfx account types reviewed

There are also demo accounts available, plus MT4 offers free demo accounts for all users without needing to sign up with them first.

>> Join LQDFX Today. Click Here To Get Started <<

Trading Account Leverage

The ratio of leverage varies per forex trading account type. The leverage of 1:500 is the maximum authorized. Customers can trade with little to no leverage at all. There are other brokers that allow 1:1000 leverage which is way higher, but this level elevates the risks.

Commission, Fees & Spreads

While other LQDfx accounts (namely Micro, Gold, and Islamic) offer commission-free CFD trading, the ECN broker account, and VIP accounts have commission charges. For ECN accounts, 3.50 USD/EUR commission charge per 100,000. For VIP accounts, there is a 2.50 USD/EUR commission charge per 100,000.

Trading Assets

The company has over 70 total assets offered to its clients. The majority of these assets are dedicated to currency pairs (fx). There are few dedicated indices and commodities as well as metals.

LQDfx recently added some cryptocurrency assets to their platform! Crypto traders can trade several pairs such as BTC/USD, ETH/USD, and LTC/USD.

LQDFX FREE BONUSES


No LQDFX review would be complete without looking at the free deposit bonuses available.

When you open an account with LQDFX, you have the opportunity to take advantage of a wide range of generous bonuses. These include deposit and welcome bonuses which are designed to help new traders get started on the right foot.

They also offer loyalty rewards for existing customers, including reward points that can be used toward great prizes. They also offer a range of competitions for traders, providing the chance to win real cash prizes.

As a long-standing customer (and because I provided such a detailed LQDFX review), they have granted extra bonuses to our audience!

LDQfx inforgraphic

PAMM Account

With LQDFX’s PAMM (Percentage Allocation Money Management) account, investors can have a streamlined experience when managing their funds. What makes it even more attractive is that it offers traders with an in-depth analysis of each fund’s performance – making the service user-friendly and efficient!

For those that want to potentially profit from forex trading (and other CFD trading), PAMM accounts are an excellent way to automate trading.

Some PAMM managers seem to be very profitable, whilst others are less so. Researching the right account manager to copy trade is very important when using their PAMM account service.

Are Variable Spreads Available?

Yes, LQDfx does offer variable spreads. The ECN and VIP accounts have the lowest spread of 0.1 which is also the lowest possible in your account.

The company offers a live spread with 16 total assets as reported on its website. The Micro trading account has a spread starting at 1 lot. This is reasonable for the commission charge is not in effect on that particular account level.

Customer Service & Support

At LQDFX, their customer service and support team is always available to offer assistance.

Their online chat feature works around the clock, seven days a week so that you can talk with someone anytime about your account or trading strategies.

Additionally, they provide resources such as webinars, tutorials and video lessons which ensure that you take full advantage of your trading account’s potential!

Trading Platform


LQDfx utilizes MetaTrader 4 (MT4) in all CFD trading account types they offer. This platform is readily available for Windows, Android, and Apple devices (for mobile trading) but it is not available for Mac-based systems.

MetaTrader 4 is a free trading platform for trading Foreign Exchange (Forex) and other financial instruments – futures, indices, commodities, and cryptocurrencies. This platform is ideal for beginners and experienced traders alike. MT4 can be downloaded from their website here – https://www.lqdfx.com/en/platforms/metatrader-4.

Deposit Minimum & Maximum


The following are the accepted deposit methods for LQDFX:

OptionsMaximum Deposit AmountMinimum Deposit Amount
Bank Wire Transfer$/€ 500,000 per day$/€250
Credit Cards$10,000 per transaction and $15,000 per card$20
SkrillNone$20
NetellerNone$20
FasaPayNone$20
Bitcoin CashNone$20
Bitcoin and other cryptocurrenciesNone$30
KoalaPaysNone$20
VLoadNone$20

Bank transfer is subject to a deposit fee which can be avoided by depositing $500 or more. With the several deposit methods available and deposit fees being avoidable, it serves as a tip for clients.

Deposit and withdraw to your LQDFX trading account with ease with so many funding options!

How Much Are the Withdrawal Costs?


The following are the withdrawal costs for LQDfx customers:

OptionsMaximum Withdrawal AmountMinimum Withdrawal Amount
Bank Wire Transfer$/€ 500,000 per day$/€250
Credit Cards$10,000 per transaction and $15,000 per card$20
SkrillNone$5
NetellerNone$5
FasaPayNone$0
Bitcoin Cash$/€20,000$10
Bitcoin and other cryptocurrenciesNone$30
KoalaPaysNone$5
VLoad$/€25,000 on accounts up to Tier 2$10

LQDfx cannot process withdrawal amounts by credit cards that surpass the initial deposit or sum of all card deposits.

Best LQDFX Alternatives & Competitors


LQDFX is one of many forex brokers that offer trading services, so it’s important to compare them with their competitors.

As part of this LQDFX review, it’s worth researching their fees and spreads, the range of markets they offer, the leverage they provide, and customer service features such as mobile trading apps or 24-hour customer support.

It is also worth considering the regulation of any forex broker to make sure your funds will be well protected. Let’s have a look at some other brokers and see how they compare.

Hugosway

Hugosway is one of LQDFX’s competitors, offering similar trading services. The two brokers have different spreads and fees, so it pays to compare them before making a decision. LQDFX offers a minimum spread of 0.2 pips on EUR/USD while Hugosway offers a minimum spread of 0.1 pips on EUR/USD. Both brokers offer leverage up to 1:500.

When it comes to customer service, LQDFX offers a live chat service and customer support around the clock while Hugosway only provides email support.

Both LQDFX and Hugosway provide good educational resources, so it’s worth considering which one is better suited to your style of trading.

FXChoice

FXChoice is another LQDFX competitor, offering similar services. Again, the two brokers have different spreads and fees so it pays to compare them before making a decision.

LQDFX offers a minimum spread of 0.2 pips on EUR/USD while FXChoice offers a minimum spread of 0.4 pips on EUR/USD. Both brokers offer leverage up to 1:500, but FXChoice does charge additional commissions for certain account types.

When it comes to customer service, LQDFX offers a live chat service and customer support around the clock while FXChoice only provides email support. Both LQDFX and FXChoice provide good educational resources, so it’s worth considering which one is better suited to your style of trading.

FXChoice also has very limited deposit and withdrawal options, and LQDFX is definitely stronger in this area. To learn more about FXChoice be sure to check out our FXChoice review here.

EagleFX

EagleFX is another LQDFX competitor, offering similar services. Both LQDFX and EagleFX have different spreads and fees so it pays to compare them before making a decision. LQDFX offers a minimum spread of 0.2 pips on EUR/USD while EagleFX offers a minimum spread of 0.5 pips on EUR/USD. Both brokers offer leverage up to 1:500, although EagleFX has a wider range of account types.

When it comes to customer service, LQDFX offers a live chat service and customer support around the clock while EagleFX only provides email support.

LQDFX also has more deposit and withdrawal options than EagleFX, and lqdfx is definitely stronger in this area.

FXTM

If you’re looking for a reliable Forex trading broker with competitive spreads and fees, then FXTM might be a consideration for you.

This broker offers some of the lowest spreads in the industry, as well as commission-free trading on major currency pairs and access to a wide range of instruments. They also have excellent customer service and a user-friendly platform that makes trading easy, even for beginners.

Forex.com

For traders who want to access global markets, Forex.com is a great alternative to LQDFX. This broker offers competitive spreads, commission-free trading on major currency pairs and access to a wide range of instruments.

They also have an intuitive platform with advanced trading tools and excellent customer support. On top of that, Forex.com has some of the best educational resources in the industry, which makes it a great choice for beginners.

IG

If you’re looking for a broker that offers access to the world’s largest range of instruments and markets, then IG might be for you. They offer excellent customer service and advanced features such as algorithmic trading, automated trading, and charting tools.

Overall, all of these brokers offer different features that make them suitable for different types of traders. Ultimately, it’s up to you to decide which one is the best fit for your needs. With so many great options available, there’s sure to be one that suits you!

Online Reviews Of LQDFX


There are hundreds of LQDFX reviews online and many of them are positive. However, there are some drawbacks and reasons that people have left negative reviews.

Sadly, traders from the United States are not permitted to use LQDFX’s services. This could be a major setback for aspiring investors who want to reap the benefits of this remarkable platform – hence limiting their access and opportunities significantly.

While LQDFX boasts a broad selection of CFDs, it, unfortunately, does not offer spot forex trading. Consequently, this could be an obstacle for certain traders who wish to trade in various markets.

Finally, LQDFX does not offer any sort of guarantee or money-back policy if you are unsatisfied with the service you receive. They do offer negative balance protection, however.

Drawbacks To LQDFX


One of the drawbacks to LQDFX is that they do not accept US customers. This could be a deal breaker for some traders who want to trade with them, as it restricts their access to their services.

Another potential drawback is their limited range of instruments available for trade. LQDFX has a wide range of CFDs, but it does not have any spot forex trading available. This could be an issue for some traders who want to trade in different markets.

Finally, LQDFX does not offer any sort of guarantee or money-back policy if you are unsatisfied with the service you receive. They do offer negative balance protection, however.

LQDFX Review: Conclusion


LQDFX may be a good option for CFD traders looking for a wide range of instruments, fast execution speeds and helpful customer service. However, it’s important to research lqdfx before deciding if the broker is right for you.

Our final verdict for this LQDFX review is that they are a competitive forex trading platform with lots of options available for clients’ needs. If you want to trade stocks, crypto, and forex CFDs then it could be right the forex broker for you!

>> Join LQDFX Today. Click Here To Get Started <<

Frequently Asked Questions


To complete our LQDFX review, here is a list of frequently asked questions.

What Trading Instruments Are Available?

LQDFX has various trading instruments available, including many forex and foreign exchange pairs, commodities and indices, cryptocurrencies, and stocks. They also offer very competitive spreads. Different account types also offer different spreads, so be sure to choose the best account for your needs.

What Trading Account Types Are Available?

There are various different types of LQDFX trading accounts available. These cater to both retail investors and institutions alike. For small balances, the Micro account is ideal offering leverage of 1:500 and a minimum deposit of only $20. The spread is quite high though at 1.
The Gold Account offers a leverage of 1:300 and a spread of 0.7. The minimum investment here is $500.

For the best possible spreads, the ECN and VIP accounts offer 0 minimum spreads. The ECN account has a maximum leverage of 1:300 and a minimum deposit of $50 whereas the VIP account has a1:100 leverage and a minimum deposit of $25,000.

Lastly, the Islamic account offers zero interest payments and leverage of 1:300 with a minimum deposit of $20.

Are They A Good Forex Broker?

This depends on what you are looking for. Whilst they have thousands of happy customers, low spreads, and have been around for many years, some people may not like them simply because they are not regulated. Others may see the lack of regulation as a benefit due to the higher leverage available.

Are LQDFX Regulated?

LQDFX trading exchange chooses not to be regulated. This may be a problem for some investors whilst proving to be a benefit to others. If you want the protection of a regulated broker then you may want to consider using a fully regulated CFD broker.

Can I Get a 100% Deposit Bonus?

Yes! LQDFX offers a range of sign-up bonuses that can be applied to your LQDFX account. This includes a 100% deposit bonus starting from $250 up to $20,000. Make sure you fully understand the terms and conditions of this deposit bonus, however, as it may not be suitable to your requirements.

Can I Withdraw From LQDFX?

Yes, you can withdraw funds from your LQDFX account at any time. You may not withdraw the deposit bonus though.

The minimum withdrawal amount is $15, although this can be as high as $20 depending on the method of withdrawal. Card payments are accepted including Visa and Mastercard. Crypto withdrawals are also supported as well as PayRedeem. Maximum withdrawals also apply but these are set at up to $50,000 or €50,000 per withdrawal.

How Do I Download MT4?

LQDFX uses MT4 as its main trading platform. You can download this from MT4 or from their website here. MT4 web trader is, without a doubt, the most popular platform for trading stocks, forex, and commodities. It is very easy to download, install and trade with.

Is Automated Trading Possible?

Yes. LQDFX allows automated trading through the MT4 platform. I have run multiple expert advisors (EA’s) through my trading account and they have worked very well.
Online trading is available through the use of MT4 web trader platform. You can download this easily either through the MT4 platform or from the LQDFX website.

Does LQDFX Have An Affiliate Program?

Do you want to profit from the forex market? LQDFX can help you here with its affiliate program!
Like many forex exchanges, LQDFX does have an affiliate program so that promoters can earn a share of the commission when they introduce new people to the exchange. With their affiliate program, it’s possible to earn up to 70% revenue share as well as 15% reward for referring another affiliate. They even have a white label service where you can offer their forex trading platform to your own customers under your own brand. Introducing brokers can learn more here.

This means that you can publish your own LQDFX reviews and earn commission from your referrals!

Can I Use A Demo Account To Practice?

Yes. Demo forex accounts are available for those that want to test the platform or improve their trading skills. Simply download MT4 and select the demo account option to trade with leverage and up to $100,000 in demo account trading funds!

What About Customer Support?

Customer support is very good with LQDFX. When trading the forex market it’s likely you’ll need help at some point! It doesn’t matter if you’re trading stocks, crypto or forex, there will be people available to help should you need it. They offer live support as well as email support and various social media channels. You can even phone them if you need to. Here are some of their contact details if you need to speak to them –
+44 20 8064 1038
Account Support
+357 24030504
General Enquiries
support@lqdfx.com

Does LQDFX Offer Managed Accounts?

No, LQDFX does not offer managed accounts, but it is still possible to earn passively from experienced traders through copy trading. Their PAMM account allows you to search through the track record of experienced traders and fund managers and if you like what you see, you can simply copy them and their trades will be executed in your own trading account. Although CFD investing is still very high risk, this type of copy trading makes it possible to automate your trading and benefit from the experience of professional traders.

Is Negative Balance Protection Available?

When markets are very volatile, it’s possible to lose more than the amount in your online trading accounts. Even when trading with a stop loss this can occur due to slippage. However, LQDFX has a liquidity provider and insurance to ensure that negative balance protection is available for their customers.

What Trading Tools Are Available?

LQDFX offers a large number of trading tools to help forex traders with their trading strategies and trade profitably and try to avoid losing money. Firstly, they offer educational courses and resources and training to help beginners get started.
They also offer chart analysis for all major stock indices and forex pairs and even some precious metals.
Their calculators will help traders to do the math on deal size and they have a free Fibonacci calculator and even a pivot calculator.
A newsletter and economic calendar are both available free of charge for account holders too, while different deposit methods make it easy to deposit and withdraw funds too.

Lastly, they also offer fund managers tools to allow them to earn commissions from their profitable trading via their PAMM account.

Is LQDFX A Legit Broker?

As you can probably tell from this LQDFX review, it is a reliable and trustworthy broker that has been providing CFD trading services to customers for several years. In fact, they have even won awards recognizing their groundbreaking online trading platform!

Does LQDFX Have Any Educational Resources?

Absolutely! LQDFX provides traders with a wealth of educational resources to aid in the process of trading CFDs. From webinars to tutorials, these tools make it easy for users to familiarize themselves with all aspects related to forex investment and strategies. Additionally, their blog is home to helpful articles and fresh perspectives on industry trends that continue expanding your knowledge base along your journey into the world of finance.

How Long Is LQDFX Withdrawal Process?

The LQDFX withdrawal process typically takes up to 24 hours. However, it may take longer depending on the payment method used. Some payment methods such as credit/debit cards can take up to 3 business days.

Which FX Broker Is Best?

This is a difficult question to answer, as it depends on the individual trader’s preferences and needs. Different brokers offer different features so it’s important to compare them before making a decision. Some brokers may be better suited for beginner traders while others may offer more competitive spreads and fees. It’s best to evaluate the various brokers’ features, fees, spreads and customer service to decide which is best for you.
LQDFX may be a good option for CFD traders looking for a wide range of instruments, fast execution speeds and helpful customer service. However, it’s important to research lqdfx before deciding if the broker is right for you.

What Is The Minimum Deposit?

The minimum deposit for LQDFX forex broker is $20, although different trading account types have different minimum investment amounts. It is best to decide what account type you want to use first, and then see what the minimum investment amount is for it.

What Leverage Is Available?

The maximum leverage available with LQDFX forex broker is 1:500. Leverage can vary depending on the account type and asset, so it’s important to check their website for more details.

How Do I Delete My Account?

The maximum leverage available with LQDFX forex broker is 1:500. Leverage can vary depending on the account type and asset, so it’s important to check their website for more details.

Is LQDFX A Scam?

No, LQDFX is not a scam. As we have determined in our LQDFX review, they are a legitimate and reputable broker that has been providing CFD trading services to customers for many years. They have also won awards for their trading platform and offer several educational resources on their website. It is best to evaluate LQDFX’s features, fees, spreads and customer service before making a decision if they are the right broker for you though.

What To Do If You Have Withdrawal Issues?

Struggling with your LQDFX withdrawals? Look no further – the customer service team is here to help! They will assist you in solving any issue related to withdrawing funds and ensure that they are transferred safely and promptly. Their helpful staff should be able to resolve withdrawal problems efficiently, so don’t hesitate to contact them for assistance.

Risk Warning: It is important to understand when trading CFDs and forex that your capital is at risk. This LQDFX review does not constitute financial advice.

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