LQDFX Review – Is The Forex & CFD Broker Safe To Trade With?
LQDFX Review 2022
Traders in United States welcome Traders in United States welcome LQDFX offers online trade with multiple STP accounts and MT4 analysis tools.
Awards
• Best ECN Broker 2017 – TheForexAwards.com
• Most Reliable Broker 2017 – TheForexAwards.com
LQDFX Facts & Figures | |
---|---|
Bonus | 100% deposit bonus up to $20,000 |
Instruments | Forex, CFDs, indices, commodities, cryptos |
Demo Account | Yes |
Min. Deposit | $20 |
Payment Methods | Bitcoin Payments, FasaPay, Mastercard, Neteller, Skrill, Visa, Wire Transfer |
Min. Trade | 0.01 lots |
Regulated By | |
MetaTrader 4 | Yes |
MetaTrader 5 | No |
cTrader | No |
OmniTrader | No |
AlgoTrader | No |
STP Account | Yes |
ECN Account | Yes |
DMA Account | No |
MAM Account | No |
PAMM Account | Yes |
LAMM Account | No |
Demat Account | No |
Mobile Apps | Yes |
Margin Trading | Yes |
Volatility Index | No |
Spot Trading | Yes |
Perpetual Swaps | No |
ELWs | No |
REITs | No |
AI / Machine Learning | No |
Robo Advisor | No |
P2P Trading | No |
Negative Balance Protection | Yes |
VPS Hosting | No |
Tournaments | No |
Demo Competitions | No |
Managed Accounts | No |
Market Maker | No |
Auto Trading | Yes (EAs) |
Social Trading | No |
Copy Trading | No |
Trade Signals | No |
Islamic Account | Yes |
Account Currencies |
USD, EUR |
CFD | |
Trade CFDs with tight spreads and leverage. | |
FTSE Spread | 11.9 – 12.0 |
GBPUSD Spread | 0.1 – 1.8 |
Oil Spread | 0.12 – 0.19 |
Stocks Spread | Variable |
Leverage | 1:100 – 1:500 |
Forex | |
Trade on FX pairs with 1:500 leverage . | |
GBPUSD Spread | 0.1 – 1.8 |
EURUSD Spread | 0.1 – 1.2 |
EURGBP Spread | 0.5 – 1.7 |
Assets | 71 |
Cryptocurrency | |
Most know cryptos, majority paired with USD or EUR | |
Spread | 1.01 – 28.0 |
Lending | No |
Staking | |
Mining | No |
Auto Market Maker | No |
Coins | ADA, BCH, BNB, BTC, DSH, ETH, LTC, LUNA, NEOZEC, Ripple, SOL, XMR |
risk Warning – Your capital is at risk
LQDFX is a forex agent offering a estimable range of currency pairs and CFDs. This 2022 revue delves into the pros and cons of signing up with LQDFX, including minimum deposits, match bonuses, and the MT4 trade platform. Get started nowadays .
Company Details
LQDFX is owned and run by LQD Ltd, a company registered in the Marshall Islands. The brokerage house was established in 2015 and follows a straight-through serve ( STP ), no dealing desk ( NDD ) model, providing directly market access and removing requotes .
The company has a solid customer floor spanning multiple locations, from Canada to Australia .
MetaTrader 4 Platform
LQDFX offers clients the all-around MT4 platform, the precursor to MT5. MT4 marries a rich excerpt of features with an intuitive design, making it great for traders of all levels. The trade platform supports 39 languages, more than 2,000 technical indicators, 30 chart options, plus 9 timeframes. Alongside one-click trade and deep market histories, MT4 besides facilitates automatize trade through adept advisors ( EAs ) .
MT4 runs on Windows and Mac computers and can be downloaded from the LQDFX web site .
Markets
71 forex pairs are tradeable through LQDFX, consisting of 7 majors, 21 minors, and 43 exotics. You can besides trade 8 valued metals, including aureate, silver, palladium, and platinum, a well as 11 global stock indices, 4 energy and agrarian commodities, and 16 cryptos .
overall, our review was please to see a generous image of assets that will suit the needs of most beginners and have investors .
Spreads & Fees
The spreads offered by LQDFX are different for each bill type and deviate with market conditions. The Micro account has the widest spreads, with typical values of 1.7 pips for EUR/GBP, 1.2 pips for EUR/USD, and 1.8 pips for GBP/USD .
gold and Islamic accounts have tighter spreads, with EUR/GBP normally 1.2 pips, EUR/USD 1.1 pips, and GBP/USD 1.4 pips. importantly, the ECN and VIP accounts have the most competitive spreads, coming in at 0.5 pips for EUR/GBP and 0.1 pips for both EUR/USD and GBP/USD .
The Micro, Gold, and Islamic accounts are commission-free ; however, the ECN account has a $ 3.50 per set charge, and the VIP has a $ 2.50 mission. The broke besides charges swaps for holding positions open overnight, the details of which are on the official web site .
Leverage
The broker offers elastic leverage improving to 1:500 with the Micro history. however, leverage on early accounts is capped at 1:300, except for the VIP explanation, which provides rates up to 1:100 .
leverage is a way to increase market exposure by lowering the margin necessity for trades. however, it besides increases electric potential losses, sol be sure to understand the risks before you sign up for leverage trade .
See our guide to leverage trading for more information .
MT4 Mobile App
LQDFX offers mobile trading using a interpretation of MetaTrader 4 designed for io and Android devices. The application supports several charting options and technical indicators, though fewer than the desktop version. however, it retains much of the early functionality, including one-tap trade, interactional charts, market astuteness, and internal transfers. Traders can besides set alerts and push notifications so opportunities don ’ t need to be missed when away from the calculator .
Deposits
several payment methods can be utilized to fund LQDFX trade accounts, all of which are free to use. Bank wire transfers, cryptocurrencies, Visa and Mastercard payment cards, plus Skrill, Neteller, UPayCard, FasaPay, and VLoad e-wallets are all available .
wire transfers have a minimum deposit of $ 250. Cryptos have a minimal down payment of $ 30, except for Bitcoin, which has a minimal of $ 20, along with e-wallets and requital cards. E-wallets and cryptocurrency deposits are processed immediately, but payment cards can take 30 minutes, and telegram transfers take up to 5 occupation days .
Withdrawals
LQDFX offers all the same options for withdrawals, release to use, except for payment cards, which come with a $ 10 fee. The minimum amount that can be withdrawn is $ 100 for cable transfers, $ 20 for requital cards, $ 15 for Bitcoin, $ 75 for other cryptos, and $ 0-10 for e-wallets .
Withdrawal times are decent with e-wallet and cryptocurrency payments processed within 1 business day, cards in up to 2 days, and wire transfers between 2 and 7 business days .
Demo Account
LQDFX demonstration accounts are loaded with $ 100,000 of model money and replicate real-money trade conditions. prospective clients can get to grips with the MT4 trade platform, delve into new markets, and test strategies with zero hazard to capital .
Bonuses & Deals
LQDFX offers a 100 % deposit bonus, matching your payment with tradeable cash. It applies to deposits between $ 250 and $ 20,000 and must be selected at sign improving. The bonus can be withdrawn upon completion of barter bulk requirements. bulk requirements depend on the size of the bonus, with $ 5 becoming withdrawable for every full lot that is traded ( 100,000 units ) .
See the broker ’ s web site for the latest bonuses and rebates.
LQDFX Regulation
LQDFX is not licensed or regulated by any fiscal initiation. The broke is quite crystalline about its business model and has a range of legal documents on its web site, which is better than most unregulated brokers. however, the sword has received some negative user reviews online, so we suggest exercising caution before opening an account .
regulative agencies help to prevent brokers from misleading customers and refusing to fund and process withdrawals. Regulation besides improves legal recourse options .
Additional Features
LQDFX offers a dear crop of educational resources and trade tools. equally well as an economic calendar, the agent has Fibonacci, pivot point, and deal size calculators .
importantly, the web site ’ second education section is well laid-out, offering a novice ’ second course and a range of video tutorials on ECN trade, using MetaTrader 4 and mobile app functionality. There is an e-book provided on forex trade, offering a deep dive into trade psychology, behavior and key concepts. A compass of articles is besides on offer, exploring technical analysis and risk management, arsenic well as a course on trade strategies for versatile experience levels and markets .
Account Types
LQDFX provides five live accounts, each of which boasts access to MT4 and the full range of educational material, a dedicate account coach and tradeable assets. The broke besides offers swap-free deal conditions for Islamic clients .
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 1:100
- No swaps
Benefits
Some of the most competitive features of LQDFX ’ sulfur services vs competitors like Hugosway, Tradersway and FXChoice, include :
- Negative balance protection
- Good education centre
- $20 minimum deposit
- PAMM trading
- 70+ forex pairs
- ECN accounts
- Tight spreads
Drawbacks
If you take LQDFX vs the likes of Oanda, ICMarkets, and Forex.com, it falls short-change in the following areas :
- No social trade copier (though 3rd party software is permitted)
- Offshore registered
- Confusing fee structure
Trading Hours
The agent ’ s MT4 chopine is open 24/7, however instruments are only tradeable when their respective markets are assailable. LQDFX ’ s servers run in the GMT+1 time-zone, and the trade hours below are besides in GMT+1 .
Forex pairs open at 22:03 on Sundays and close at 21:58 on Fridays, with a casual break from 21:58-22:03. cute metals open at 23:01 on Sundays and close at 21:58 on Fridays, though there is a daily break at 21:58-23:01. Commodities and stock indices have a range of opening times detailed in full on the broke ’ randomness web site .
Customer Support
The broke has several backoffice teams, operating a 24/5 support serve. 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 patronize team can help with multiple score queries, from upload documents for pending KYC verification to PAMM servers and ‘ trade disabled ’ error messages. unfortunately, clients can not consult an FAQ portal site for margin predict requirements and MT4 login issues. note that the support team can not provide advice on taxes or name individual employees .
The address of the broker ’ s headquarters placement can be found on the LQDFX web site .
Client Security
LQDFX has a secure web site that uses dependable single sockets layer ( SSL ) encryptions on all web site traffic. The broker keeps all client funds separate from the company ’ s capital, so your money is returned to you in the event of broke elimination .
LQDFX Verdict
LQDFX offers a solid basic service as an online forex broke, with 71 currentness pairs and a range of metals, commodities, cryptocurrencies, and indices. There is besides a good choice of score options, including a dedicate Islamic report, plus a good education center and subscribe for scalping, hedge, and other trading strategies .
however, customers have expressed some minus opinions in online reviews, flagging withdrawal and node portal vein login issues. We ’ re besides hesitant to recommend offshore-registered brokers due to scam concerns. As such, we would consider early providers first .
Accepted Countries
LQDFX accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries .
Traders can not use LQDFX from Belarus .
Alternatives to LQDFX
If you are looking for alternatives to LQDFX we have compiled a list of the acme 5 brokers that are similar to LQDFX under. This tilt of brokers like LQDFX is in regulate of similarity and entirely includes companies that accept traders from your localization .
- eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
- EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
- Exinity – Exinity provides flexible low-cost trading in FX, commodities, indices and equities alongside unique education and support provided by teams located across the world. Now operating in the Middle East, through regulation from the Financial Services Regulatory Authority in Abu Dhabi and the Financial Services Commission of Mauritius, Exinity provides a range of services to traders and investors looking for new opportunities in the financial markets.
- Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
- ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
FAQ
Can I register with LQDFX in the US?
Yes. This means clients from the US can open an report with LQDFX .
Can I fund an LQDFX account with PayPal?
No, many methods can be used for transactions with LQDFX, including e-wallets, requital cards and cryptocurrencies, but PayPal is not supported .
Does LQDFX provide clients with MetaTrader 5 access?
No, the broker offers MT4, the predecessor to MT5, which has won many awards over the years and has established itself as the diligence ’ s standard platform .
Does LQDFX offer cryptocurrency trading?
Yes, the broker supports trading on cryptocurrencies. It offers 16 major cryptos, of which most are paired with USD or EUR .
Is LQDFX a legit online broker?
LQDFX is not a regulated broke, limiting your legal security if the agent refuses withdrawals or acts improperly. Some brokers are intentionally unregulated, allowing them to provide otherwise restrict services, though you should ensure you are fully aware of the risks associated with these brokers before opening an report .
Does LQDFX Integrate With TradingView?
No, you aren ’ deoxythymidine monophosphate able to use the TradingView charts on LQDFX. however, the broke integrates with MT4 as a trade platform, which can be utilized to view charts .
Does LQDFX Provide VPS?
No – virtual secret servers ( VPS ) aren ’ metric ton offered by LQDFX. On the other hand, the agent provides lineal market entree .
Is Arbitrage Allowed On LQDFX?
No. The bill first step agreement clearly states that arbitrage and imposter, manipulation, or anything the platform deems as fishy are rigorously prohibited. They reserve the right to remove any gains obtained through such methods and tied close user accounts.
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Which Are Is Best LQDFX Vs. Hugo’s Way, Traders Way, Or FX Choice?
They are very like, all providing forex, crypto, stocks, indices, commodities, and the use of MT4 trade platform. The most significant difference is made by FX Choice, which is regulated. Regulated brokers provide extra protection to traders .
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools. |
LQDFX vs Other Brokers
Compare LQDFX with any other agent by selecting the other broker below. LQDFX five