112Brokers source profile
Not provided · Platform not provided
LQD Limited has been suspected as a scam broker. According to the website, LQD Limited is providing financial services under the laws of the Marshall Islands Business Corporation Act. However, it doesn’t mean the company is regulated or licensed.
In fact, Marshall Islands is an offshore zone attracting various firms that for the reason or another escape from the serious regulation or compliance to international service providing. However, in the case of financial investment or trading firms, the company should be a very respected entity, as the statistics show that the majority of non-authorized firms never recovered the sums of investors’ investments. Therefore, we always advise avoiding offshore or companies with no license as there are too many frauds around.
LQDFX is an STP type of broker, which was established in late 2015. The broker claims to be one of the leaders in the FX industry, naming its numerous awards. LQDFX offers its clients forex pairs (including 7 majors, 21 minors and 43 exotics). Traders also get an opportunity to trade precious metals, including gold, silver, palladium and platinum, as well as multiple global stock indices, energy and agricultural commodities. The broker offers flexible leverage up to 1:500 with the Micro account.
| 🗺️ Registered in | Marshall Islands |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is LQDFX safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
The website doesn’t provide the address of the company, there is only a British contact number, which means the company has been offering its services to the UK residents without being authorized to do that. Most probably this forex broker is not under any regulation.
Also, the company provides false information about the rewards it holds, including, Best ECN Broker (Find ECN Forex Brokers here), Most Reliable Broker etc. In addition, there are a lot of negative reviews that can be found on the forums about LQDFX. People share the horrible customer experience they had with the company and also state that they are not able to withdraw their funds from the broker.
LQDFX allows Indian traders to open accounts and trade. However, LQDFX has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.
As to the LQDFX activities in the US, the broker is not intended for use that would be contrary to local law or regulation. This means clients from the US cannot open an account with LQDFX (See Forex Brokers Accepting US Clients).
In order to fund an account or to send money to it traders may choose among the following methods: bank wire transfers, cryptocurrencies, Visa and Mastercard payment cards, plus Skrill, Neteller, FasaPay and Load e-wallets.
LQDFX has a minimum deposit of just $20 on their Micro account. This type of account is usually used for beginners (Forex Trading Platforms for Beginners), for those who just started getting to know the world of online trading.
The minimum amount that can be withdrawn is $100 for wire transfers, $20 for payment cards, $10 for Bitcoin, $30 for other cryptos, and $0-10 for e-wallets.
LQDFX offers mobile trading using a version of MetaTrader 4 designed for iOS and Android devices. The app supports several charting options and technical indicators, though fewer than the desktop version. The application retains much of the other functionality, however, including one-tap trading, interactive charts, market depth and internal transfers.
LQDFX offers traders the opportunity to practice strategies and become familiar with the platform with their demo account option. Traders can use this demo account with the balance of $100 000 virtual money in order to be able to evaluate the benefits of the trading platform.
Overall, it is advised to avoid trading with LQDFX due to its unregulated services and the high-risk operation which targets numerous clients to their rows without a necessary level of protection or performance. Dealing with an offshore broker most often carries a significant chance to fall under the scam operation.
Therefore, it is better to choose among the brokers that are compiled with the industry leading authorities and governmental entities that are backed with customer protection and the provision of the legitimate financial services. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BDSwiss and FBS.
You can also share your trading experience with LQDFX by commenting on this review.
Reply to comment #1677
<p>I’ve never any problem with them either. The day tradersway and several other brokers got caught with massive manipulation lqdfx was flawless. Withdrawals have been easy up to now. Their size is increasing massively, but I anticipate them keeping true to their word. They are regulated, unlike the article says, and they are also a publicly traded company. That in itself is quite the warranty.</p>
Reply to comment #1677
<p>*I’ve been a client for more than 3 years from LQDfx</p>
Reply to comment #1676
<p>How lame, just an other scammy article trashtalking competition because they are afraid.<br> I’ve geen a client from LQDfx after trying countles other brokers.<br> Never had any manipulation, issues, etc<br> It has one of the easiest interfaces to use and the withdrawals are never a problem.<br> They even do double checks before paying out to see you actially gave the order.</p>
<p>They are replacing trades to cover their loss.</p>
Your contribution is reviewed before it becomes public. Keep your email and sensitive details out of the public text.