LQDFX Broker Reviews and Full Information

With a wide number of currency pairings and CFDs to choose from, LQDFX is a solid choice for forex traders. Among the topics covered in this LQDFX review for 2022 are the advantages and disadvantages of signing up with them, as well as the minimum deposits, match bonuses, and MT4 trading platform.

LQDFX Company Details

LQDFX is owned and operated by LWD Ltd, a Marshall Islands-based corporation with its headquarters in Honiara. The broker was founded in 2015 and operates on a straight-through processing (STP) and no dealing desk (NDD) strategy, which allows it to provide direct market access while eliminating requotes.

The broker has a strong client base that spans numerous countries, ranging from Canada to Australia, and is growing.

MetaTrader 4 Platform

LQDFX provides clients with the well-rounded MT4 platform, which is the forerunner of the MT5 platform. Its easy interface, along with a comprehensive set of tools, makes MT4 an excellent choice for traders of all skill levels. A total of 30 distinct languages, more than 50 configurable technical indicators, 30 charting choices, and nine different timeframes are all supported by the trading platform. Along with one-click trading and access to extensive market histories, MT4 also allows for automated trading through the use of expert advisors (EAs) (EAs).

MT4 is available for download from the LQDFX website and is compatible with both Windows and Mac computers.

Markets

Trading is available in 71 forex pairs with LQDFX, which includes 7 majors, 21 minors, and 43 exotics. Trade 16 precious metals, including gold, silver, palladium and platinum, as well as 21 global stock indexes and 6 energy and agricultural commodities on the platform.

Spreads & Fees

The spreads given by LQDFX vary depending on the account type and are subject to change depending on market conditions. The spreads on the Micro account are the biggest, with typical values of 1.7 pips for EUR/GBP, 1.2 pips for EUR/USD, and 1.8 pips for GBP/USD for the EUR/GBP currency pair.

Gold and Islamic accounts typically have tighter spreads, with EUR/GBP averaging 1.2 pips, EUR/USD averaging 1.1 pips, and GBP/USD averaging 1.4 pips on average. The ECN and VIP accounts offer the most competitive spreads, with EUR/GBP spreads as low as 0.5 pips and EUR/USD spreads as low as 0.1 pips for both EUR/USD and GBP/USD.

The Micro, Gold, and Islamic accounts are all commission-free; however, the ECN account is charged $3.50 a lot, and the VIP account is charged $2.50 fee per lot. In addition, the broker charges swap fees for positions that are left open overnight; the specifics of these fees can be seen on the LQDFX website.

Leverage

The Micro account, which is offered by the broker, has variable leverage up to 1:500. However, save for the VIP account, which offers rates up to 1:100, the leverage on other accounts is regulated at 1:300, with the exception of the VIP account, which offers rates up to 1:500.

Using leverage to increase market exposure by lowering the margin need for trades is referred to as hedging. However, it also raises the possibility of losses, so be sure you are aware of the dangers before engaging in leveraged trading.

MT4 Mobile App LQDFX provides mobile trading with a version of MetaTrader 4 that is optimized for iOS and Android smartphones and tablets. The app has a number of charting choices and technical indicators, though less than those available on the desktop version of the software. Many other features, such as one-tap trading, interactive charting, market depth, and internal transfers, are still available in the application, as well. Aside from that, traders can set alerts and notifications to ensure that opportunities are not missed when they are away from their computers.

Deposits are accepted as payment methods.

There are a variety of payment methods available for funding LQDFX trading accounts, all of which are completely free to use. Bank wire transfers, cryptocurrencies, Visa and Mastercard payment cards, as well as e-wallets such as Skrill, Neteller, FasaPay, and Load, are all options.

Wire transfers require a minimum deposit of $250, whereas cryptocurrency deposits require a minimum deposit of $30, with the exception of Bitcoin, which requires a minimum deposit of $20, as well as e-wallets and payment cards. Deposits made using e-wallets and cryptocurrencies are processed instantaneously, however payments made through payment cards can take up to 30 minutes, and wire transfers might take up to 7 business days.

Withdrawals

LQDFX provides all of the same withdrawal alternatives as before, all of which are completely free to use, with the exception of payment cards, which are subject to a $10 fee. When using wire transfers, the minimum amount that can be withdrawn is $100, $20 when using payment cards, $10 when using Bitcoin, $30 when using other cryptocurrencies, and $0-10 when using e-wallets.

Withdrawal timeframes are reasonable, with e-wallet and cryptocurrency payments handled within one business day, credit card payments in up to two days, and wire transfers taking between two and ten business days to complete.

LQDFX demo accounts can be funded with up to $100,000 in simulated money and are designed to mimic real-money trading situations. Prospective clients can learn how to use the MT4 trading platform, explore new markets, and experiment with different trading techniques with no danger to their own money.

Bonuses and Promotions

LQDFX provides a 100 percent deposit bonus, matching your money with tradeable cash in the form of tradeable currency. The bonus is valid for deposits between $250 and $20,000 and must be selected at the time of registration. Following the fulfillment of the required trading volume, the bonus can be withdrawn in full. It is dependent on the size of the bonus how much volume is required, with $5 being withdrawable for every entire lot that is traded (100,000 units).

For the most up-to-date bonuses and rebates, visit the broker's website.

Regulation of LQDFX

LQDFX is not a financial institution and is not licensed or regulated by any financial institution. Although the broker is not regulated, it is rather upfront about its business plan and provides a variety of legal documents on its website, which is more than most unregulated brokers can offer. However, there have been some negative user reports about the broker on the internet, therefore we recommend that you proceed with caution before opening a LQDFX account.

In order to prevent brokers from deceiving customers and refusing to finance and process withdrawals, regulatory bodies work to enforce strict guidelines. Regulation also enhances the availability of legal remedy.

Additional Characteristics

LQDFX provides a comprehensive selection of instructional resources and trading tools. Aside from an economic calendar, the broker also offers Fibonacci, pivot point, and deal size calculators, among other features.

The education area of the website is well-organized, and it includes a beginner's course as well as a variety of video courses on ECN trading, using MetaTrader 4, and using the mobile app capabilities. In addition to the course materials, an e-book on forex trading is supplied, which provides a deeper dive into trading psychology, behavior, and important principles. A selection of papers on technical analysis and risk management is also available, as is a course on trading methods for traders of varying degrees of competence and experience in different markets.

Types of Accounts

LQDFX provides four live accounts, each of which boasts access to MT4 and the full range of educational material, a dedicated account manager and tradeable assets. Islamic clients can benefit from the broker's swap-free trading circumstances as well.

Micro Account

• Minimum deposit $20
• Typical spread 1 pip
• No commissions
• Leverage 1:500
• Swaps charged

ECN Account

• $3.50 per lot commissions
• Minimum deposit $500
• Typical spread 0.1 pips
• Leverage 1:300
• Swaps charged

Gold Account

• Minimum deposit $500
• Typical spread 0.7 pips
• No commissions
• Leverage 1:300
• Swaps charged

VIP Account

• Minimum deposit $25,000
• $2.50 per lot commissions
• Typical spread 0.1 pips
• Leverage 1:100
• Swaps charged

Islamic Account

• Typical spread 0.7 pips
• Minimum deposit $20
• No commissions
• Leverage 1:300
• No swaps

Benefits

Some of the most competitive features of LQDFX’s services include:

• Negative balance protection
• $20 minimum deposit
• Good education centre
• 70+ forex pairs
• ECN accounts
• Tight spreads

Drawbacks

If you take LQDFX vs the likes of Oanda, ICMarkets and Forex.com, the brokers falls down in the following areas:

• No cryptocurrency trading
• No social trade copier (Though 3rd party software is permitted)
• Offshore registered
• Fee structure

Trading Hours

The broker's MT4 platform is available 24 hours a day, seven days a week; however, instruments can only be traded while their respective markets are open. LQDFX's servers are located in the GMT+1 time zone, and the trading hours listed below are located in the same time zone.

The forex market opens at 22:03 UTC on Sundays and closes at 21:58 UTC on Fridays, with a daily break between 21:58 and 22:03 UTC on Sundays. Precious metals trade begins at 23:01 UTC on Sundays and closes at 21:58 UTC on Fridays, with a daily break between 21:58 and 23:01 UTC. Commodities and stock indices are open at various times throughout the day, which are documented in detail on the broker's website.

Customer Support

The broker has several backoffice teams, operating a 24/5 support service. The team can be contacted using the following details:

• Live chat – Right-hand side of the website
• Telephone number – +44 20 8064 1038
• Email – support@lqdfx.com

The support team can assist with a wide range of account issues, ranging from uploading papers for pending KYC verification to PAMM servers to troubleshooting 'trade disabled' problem messages. For margin call requirements and MT4 login concerns, clients are unable to consult a FAQ page, which is unfortunate. Please keep in mind that the support team cannot provide tax advice or identify specific employees.

The address of the broker’s headquarters location can be found on the LQDFX website.

Client Security

Secure single sockets layer (SSL) encryptions are used on all website traffic at LQDFX, making it one of the most secure websites available. When a broker goes out of business, all client funds are kept separate from the company's capital, which ensures that your money is repaid to you in the event of a broker liquidation.

LQDFX Verdict

As an online forex broker, LQDFX provides a robust foundation of services, including 71 currency pairs as well as a variety of metals, commodities, and indices. Also available is an excellent array of account options, including a specialized Islamic account, as well as a comprehensive educational centre as well as support for scalping, hedging, and other trading tactics.

Customers, on the other hand, have expressed some negative thoughts in online reviews, with some citing withdrawal and client portal login troubles as reasons for their dissatisfaction. We're likewise wary of recommending brokers who are registered in other jurisdictions because of worries about scams. As a result, we would look at alternative providers first.

Accepted Countries

Most countries are welcome to trade with LQDFX. These include traders from the following countries: Australia (including Thailand), Canada (including the United States), the United Kingdom (including South Africa), Singapore (including Hong Kong), India (including New Delhi), France (including Germany), Norway (including Sweden), Italy (including Milan), Denmark (including Copenhagen), United Arab Emirates (including Saudi Arabia), Kuwait (including Luxembourg), Qatar (including Qatari Riyadh), and the United Arab Emirates (including Dubai).

LQDFX is not available to traders based in Belarus.