Overall LQDFX can be summarised as a high-risk broker with an overall rating of 3 out of 10. LQDFX Minimum Deposit is $20 / R 318,83 and offers leverage up to 1:500.
LQDFX at a Glance
| 🔎 Broker's Name | LQDFX |
| 📍 Headquartered | Marshall Islands |
| 📅 Year Founded | 2015 |
| ⚖️ Regulating Authorities | Not properly regulated by any authorities |
| 🌐 Countries not accepted for trade | Belarus |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1: 500 |
| 💰 Minimum Deposit | $20 / R 318,83 |
| 💳 Deposit Options | Bitcoin Payments, FasaPay, Mastercard, Neteller, Skrill, Visa, Wire Transfer |
| 💳 Withdrawal Options | Bitcoin Payments, FasaPay, Mastercard, Neteller, Skrill, Visa, Wire Transfersa |
| 💻 Platform Types | MT4 and a MT5 designed for iOS and Android devices |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | Forex, CFDs, indices, commodities |
| 👨💼 Languages supported on Website | English, Arabic, French, Italian, Russian |
| 👥 Customer Support Languages | English, Arabic, French, Italian, Russian |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 50 / ZAR 889
Regulators
No regulation
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
41
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our LQDFX review below.
LQDFX Review – 21 key points quick overview:
The offering that LQDFX offers traders seems favorable and competitive, although there may be some areas that need attention. The ECN Account details on the broker website indicate an STP Trading Model, although the broker claims that it is an ECN environment.
LQDFX Overview
According to research in South Africa, LQDFX is a Forex and CFD broker which has been in operation since 2015 and is headquartered in the Marshall Islands.
LQDFX was established with the purpose of serving traders from around the world in a way that reflects quality, honesty, and commitment to providing the best trading solutions and services.
The use of such technology has resulted in decent trade execution speeds in addition to minimal requotes.
It also ensures that there is no conflict of interest between the broker and the trader as far as the broker’s commissions are concerned as the broker derives its fee from spread and commission charges.
LQDFX Safety and Security
When choosing a Forex broker, it is imperative to consider the factors revolving around regulation and the safety of client funds. LQDFX does not offer any regulatory information on the broker website although, LQDFX is registered in the Marshall Islands, in Majuro, with the registration number MH96960.
LQDFX, however, guarantees that it keeps client funds in segregated bank accounts which are held with tier-one EU banking institutions including Barclays, HSBC, and Deutsche banks.
When holding funds in segregated accounts, means that these funds may not be used for any other reason other than trading activities initiated by the trader. However, without regulation, this cannot be guaranteed.
In addition, LQDFX states that, in the unlikely event that the brokerage is liquidated, or goes bankrupt, client funds are segregated and not on the LQDFX balance sheet which ensures that they cannot be used to pay creditors.
The broker’s website, as well as terminals, are protected through the use of a 256-bit Secured Socket Layer, more commonly referred to as SSL encryption, which is provided by a popular and reputable American cybersecurity company, COMODO.
Furthermore, LQDFX affirms that it has an Anti-money Laundering policy, or AML policy, which is in place and which is available for download on the website. By having this in place, LQDFX commits itself to prevent money laundering through the implementation of such policies.
LQDFX Sign-up Bonus
LQDFX offers a 100% bonus with sign-up, also called a deposit bonus, matching your payment with tradeable cash.
New traders who register a real account with a broker may receive a sign-up bonus, a deposit bonus, or a welcome bonus.
The deposit bonus applies to deposits between $250 and $20 000 and needs to be selected at sign-up. The bonus can be withdrawn upon completion of certain trade volume requirements, which will depend on the size of the bonus, with $5 becoming withdrawable for every full lot that is traded (100 000 units).
Brokers usually offer this kind of bonus to new traders to draw in more customers and encourage trading activities. Offering a deposit or welcome bonus gives traders some money back depending on the initial deposit made.
Even if a trader does not receive any deposit bonus, or any other bonuses or rewards, trading conditions are still attractive enough to encourage traders to register a real account.
LQDFX Minimum Deposit
LQDFX has a minimum deposit requirement of only $20 to open a Micro Account or Islamic Account.
An ECN Account needs $500, a Gold Account also $500, and a VIP Account a minimum of $25 000.
This minimum deposit amount was equivalent to ZAR 280 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
LQDFX’s authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that traders could only use such funds to conduct their trading activities.
A step-by-step guide to LQDFX depositing the minimum amount
Deposits can be made with LQDFX using the following steps:
Traders can fund their accounts by sending the funds to one of the LQDFX segregated clients’ accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and has been approved.
Step 1 – Log in
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account.
Step 2 –Make the deposit
Traders must make sure that they select the correct deposit currency if there is a choice available. Click ‘Deposit on the top right of your window. Confirm the amount you wish to deposit. Provide your banking details and submit your deposit details to be processed by the Moneta Markets accounts department.
Min Deposit
USD 50 / ZAR 889
Regulators
No regulation
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
41
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LQDFX Account Types
LQDFX offers four live account types, each of which gives access to the MT4 platform and a full range of educational material, a dedicated account manager, and several tradeable assets.
The minimum deposit required to open an account is only $20. LQDFX also provides swap-free trading conditions for Islamic clients.
LQDFX Account Features
📍 Micro Account
The minimum deposit needed to open is $20
A typical spread of 1 pip
No commissions charged
Leverage ratio of 1:500
Swaps are charged
📍 ECN Account
A minimum deposit of $500 is needed to open
The typical spread is 0.1 pips
Leverage ratio up to 1:300
$3.50 commissions charged per lot
Swaps are charged
📍Gold Account
A minimum deposit of $500 is needed to open
The typical spread is 0.7 pips
No commissions charged
Leverage ratio up to 1:300
Swaps are charged
📍VIP Account
A minimum deposit of $25 000 needed to open
$2.50 per lot commissions charged
A typical spread of 0.1 pips
Leverage ratio up to 1:100
Swaps are charged
📍Islamic Account
A minimum deposit of $20 is needed to open
A typical spread of 0.7 pips
No commissions charged
Leverage ratio up to 1:300
No swaps are charged
How to set up an LQDFX Demo Account – Step by Step
A free demo account can be opened with LQDFX by using the following steps:
LQDFX demo accounts are loaded with up to $100 000 of simulated money and replicate the company’s real-money trading conditions so that new clients can get to grips with the MT4 trading platform, delve into new markets, and test strategies with no risk to their capital.
Step 1 – Open Your Account
You can open a live account or demo account (also called a practice account) on the LQDFX website and choose to open a demo account first. Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
Step 2 – Fill out the form
Brokers usually require an e-mail and password to complete the initial step and if more than one currency can be used, traders must select their preferred account currency.
LQDFX accounts can be opened in USD and EUR.
An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what LQDFX has to offer.
Min Deposit
USD 50 / ZAR 889
Regulators
No regulation
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
41
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LQDFX Islamic Account
The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.
Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.
Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
LQDFX Trading platforms
A trading platform is a type of software that is used through which trading can be executed. Each broker has its own preference in which platforms it supports and often brokers offer the use of their own proprietary trading platforms.
LQDFX offers the use of MetaTrader 4 in conjunction with any of the trading accounts that it offers to provide its traders with a unique and dynamic trading experience.
MetaTrader 4 is the most popular trading platform in use in the trading community and industry and features some of the following:
Ultra-fast execution
The ability to use one-click trading
Access to a depth of market
Access to advanced technical analysis
Advanced charting capabilities, and
Negative balance protection is offered in conjunction with LQDFX’s offering.
Min Deposit
USD 50 / ZAR 889
Regulators
No regulation
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
41
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LQDFX Fees and Spreads
LQDFX’s spreads on EUR/USD start from 0.1 pips. Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with LQDFX are as follows:
CFD:
- FTSE Spread – 11.9 pips
- GBPUSD Spread 0.1 pips
- Oil Spread 0.12 pips
Forex:
- GBP/USD Spread 0.1 pips
- EUR/USD Spread 0.1 pips
- EUR/GBP Spread 0.5 pips
LQDFX Deposit and withdrawal
When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
Regulation plays a key part where client funds are concerned as funds that are kept in segregated accounts must be available for withdrawal at any given time when a request is made by the trader and subsequent owner of the trading account.
LQDFX offers traders a variety of supported payment methods through which they can make deposits and withdrawals. Although LQDFX does not waive deposit fees, there are, however, withdrawal fees subjected to certain withdrawal methods.
Deposits and withdrawals can be made by making use of the following payment methods:
Bank Transfer
Visa
Mastercard
Skrill
Neteller
FasaPay
Crypto-wallets, and
Vload
Fees that are waived on withdrawals are applied to the following payment methods:
Visa and Mastercard – 10 USD/EUR
LQDFX Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “LQDFX” is entered into Google’s search engine over a given period of time.
LQDFX Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇USA | 43.33% |
| 🥈Netherlands | 39.07% |
| 🥉Canada | 3.01% |
| 🥈India | 2.25% |
| 🥈UK | 1.65% |
LQDFX vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇LQDFX | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $20 / R 318,83 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
LQDFX Customer Reviews
This kind of bonus is only available to traders who register for or already have an account, demo account users are not eligible for the bonus.
Am reading a lot of negative reviews, but my experience was great
I am reading a lot of negative reviews about LQDFX on Trustpilot. However, my experience has been great. I had some contact with customer support for questions and information. Every single question is answered with much attention and they don’t stop explaining until the problem or question has been solved.
I have deposited as well as withdrawn money from the broker and both succeeded within the expected term.
good broker
good broker, I suggest it for USA clients
My experience with LQDFX after 3+ years
I rarely leave reviews for anything let alone a 5-Star review, but I feel it’s warranted based on my positive experience with LQDFX.
I’ve been a client for over 3 years. I’ve also referred over 150 of my clients to them.
In an industry that’s full of crooks and scammers (just look at some of the bogus 1 Star reviews here), solid ECN brokers like LQDFX are rare.
They’re one of the few brokers that still accept U.S. clients, they offer friendly phone and live chat support, deposits are fast (usually in 30 minutes or less), and most importantly, withdrawals are paid promptly within 48 business hours or less.
On top of that, they offer some of the lowest spreads/fees in retail forex.
After being burned by other brokers in the past I’ve become very picky about who I trust to hold my funds.
LQDFX has not only earned my trust but the trust of all my clients as well.
If you’re serious about finding a solid forex broker, do what I did: put them to the test. I think you’ll be glad you did.
LQDFX Pro and cons
| ✔️ Pros | ❌ Cons |
| STP Executions are done without a dealing desk | Unregulated broker |
| PAMM Accounts offered | Limited financial instruments |
| Trading can be done through MetaTrader 4 | Only one trading platform offered |
| Multilingual customer support | |
| Competitive trading conditions |
Conclusion
Overall, LQDFX can be summarised as a credible and trustworthy broker and is considered an average risk with competitive trading fees and spreads. LQDFX offers traders the MetaTrader suite of platforms as well as a basic web and mobile app.
Disclaimer
LQDFX warns potential customers that Forex and CFDs trading carries a high risk and may not be suitable for all investors.
Before deciding to trade with LQDFX, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
LQDFX warns that margin trading involves the potential for profit as well as the risk of loss.
Movements in the price of foreign exchange and commodities are very unpredictable, hence LQDFX cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
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Risk Management
LQDFX, like most Forex and CFD trading platforms, emphasizes the importance of risk management for its traders. Here are some of the risk management features offered by LQDFX:
- Stop Loss Orders: LQDFX allows traders to set stop loss orders on their trades, which automatically closes the trade if it reaches a certain predetermined level of loss.
- Take Profit Orders: In addition, to stop loss orders, LQDFX also offers to take profit orders, which allows traders to automatically close a trade when it reaches a certain level of profit.
- Leverage Control: LQDFX provides traders with the ability to control their leverage levels, allowing them to reduce their overall risk exposure.
- Negative Balance Protection: LQDFX has implemented negative balance protection, which ensures that traders cannot lose more than their account balance.
- Risk Management Tools: LQDFX provides its traders with various risk management tools, including the ability to monitor and analyze their trading performance and risk exposure.
Overall, LQDFX aims to provide its traders with the tools and resources needed to effectively manage their risks while trading the financial markets.
Frequently Asked Questions
What are the advantages of trading with LQDFX?
Low entry threshold. The minimum deposit on Micro and Islamic accounts is USD 20. Access to trading on desktop and mobile versions of MetaTrader 4. High leverage – up to 1:500 on cent accounts and up to 1:300 on the other account types.
Which platforms are supported by LQDFX?
Only MetaTrader 4.
What type of broker is LQDFX?
LQDFX is a global award-winning STP forex broker.
Is LQDFX a fake or a scam?
No. The account opening agreement clearly states that arbitrage and fraud, manipulation, or anything the platform deems as suspicious are strictly prohibited.
What is the overall rating out of 10 for LQDFX?
3/10.
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