LQDFX Review 2022

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LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.

Current Promotions

LQDFX: 100% Deposit Bonus Up To $20,000

Awards
  • Best ECN Broker 2017
  • Most Reliable Broker 2017
Bonus100% deposit bonus up to $20,000
InstrumentsForex, CFDs, indices, commodities, cryptos
Demo AccountYes
Min. Deposit$20
Payment Methods
Min. Trade0.01 lots
Regulated ByNone
MetaTrader 4Yes
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountYes
DMA AccountYes
MAM AccountNo
PAMM AccountYes
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes (EAs)
Social TradingNo
Copy TradingNo
Islamic AccountYes
Account Currencies
  • USD
  • EUR
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • Japan Exchange Group
  • Nasdaq
Commodities
  • Cocoa
  • Coffee
  • Copper
  • Gold
  • Oil
  • Palladium
  • Platinum
  • Silver
CFD TradingTrade CFDs with tight spreads and high leverage.
CFD FTSE Spread11.9 - 12.0 pips (depending on account)
CFD GBPUSD Spread0.1 - 1.8 pips (depending on account)
CFD Oil Spread0.12 - 0.19 pips (depending on account)
CFD Stocks SpreadVariable
CFD Leverage1:100 - 1:500
Forex TradingTrade on FX pairs with 1:500 leverage.
Forex GBPUSD Spread0.1 - 1.8 pips (depending on account)
Forex EURUSD Spread0.1 - 1.2 pips (depending on account)
Forex EURGBP Spread0.5 - 1.7 pips (depending on account)
Forex Assets71
Crypto TradingTrade 16 well-known cryptos, the majority paired with USD or EUR.
Crypto Spread1.02 - 28.0 pips
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • ADA
  • BCH
  • BNB
  • BTC
  • DSH
  • ETH
  • LTC
  • LUNA
  • NEO
  • SOL
  • XMR
  • XRP
  • ZEC
Risk Warning – Your capital is at risk

LQDFX is an offshore, unregulated forex and CFD broker offering a range of currency pairs and leveraged CFDs. This 2022 review delves into the pros and cons of signing up with LQDFX, including minimum deposits, match bonuses, withdrawal times, and the MT4 trading platform. Find out whether to register for an LQDFX account and login to the client portal.

Company Details

LQDFX is owned and operated by LQD Ltd, a company registered in the Marshall Islands. The brokerage was established in 2015 and follows a straight-through processing (STP), no dealing desk (NDD) model, providing direct market access and removing requotes.

The company has a solid client base spanning multiple locations, from Canada to Australia. There are no deposit fees, spreads start from 0.01 pips and the brokerage offers 24/5 support.

LQDFX is currently unregulated by any financial body.

MetaTrader 4 Platform

LQDFX offers clients the well-rounded MT4 platform only, the precursor to MT5.

MT4 marries a rich selection of features with an intuitive design, making it great for traders of all levels. The trading platform supports 39 languages, 30+ technical indicators, customizable charting options, plus 9 timeframes.

Alongside one-click trading and deep market histories, MT4 also facilitates automated trading through Expert Advisors (EAs).

The MT4 terminal is available to download to Windows and Mac devices or can be used as a web-based profile. Useful links are provided on LQDFX’s website.

LQDFX broker review
MetaTrader 4

How To Place A Trade

  1. Register for an LQDFX account (you will need to submit basic contact details)
  2. Make a deposit of at least $20
  3. Download the MT4 platform or open the web terminal
  4. Login with your credentials
  5. Select an asset using the chart icon in the top left of the window
  6. Select the white page/add order button to the right of new asset
  7. Enter your trade parameters – trade size, execution mode, plus stop loss or take profit
  8. Select sell or buy to confirm the trade

Markets & Assets

LQDFX offers 100+ global instruments. This includes 71 forex pairs consisting of 7 majors, 21 minors, and 43 exotics. You can also trade 8 precious metals, including gold, silver, palladium, and platinum, as well as 11 global stock indices, 4 energy and agricultural commodities, and 16 cryptocurrencies. Trading on stocks and shares is also available.

Overall, our review was pleased to see an adequate range of assets that will suit the needs of most beginners and experienced investors.

Spreads & Fees

A combination of spreads and commission fees are offered to LQDFX investors. These charges depend on account type, trading instrument and 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. In comparison, Gold and Islamic accounts have tighter spreads, with EUR/GBP at 1.2 pips, EUR/USD at 1.1 pips, and GBP/USD at 1.4 pips. 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 lot charge, and VIP traders will incur a $2.50 commission fee.

The broker also charges swaps for holding positions open overnight.

There is no mention of inactivity charges.

Leverage Review

As an unregulated organization, the broker offers substantial margin trading opportunities. The maximum leverage available is 1:500 with the Micro Account. Leverage on other accounts is capped at 1:300, with the exception of the VIP account, which provides rates up to 1:100.

Leverage is a way to increase market exposure by lowering the initial capital requirement for trades. However, it also increases potential losses, so be sure to understand the risks before you sign up for leveraged trading.

MT4 Mobile App

LQDFX offers mobile trading using a version of MetaTrader 4 designed for iOS and Android devices.

When using the MT4 platform, users can be sure of stable conditions and an easy-to-use interface. Day traders can access the tools, features and functionality found on the web trader and desktop terminals. You can manage your account, open and close positions, check live global pricing and view charts while on the go. Users can also set alerts and push notifications so opportunities don’t need to be missed when away from the computer.

LQDFX MetaTrader 4 mobile
MT4 App

LQDFX Deposits & Withdrawals

Payment methods are limited when it comes to funding an LQDFX trading account. Customers have the choice of credit/debit cards, PayRedeem and cryptocurrency only. It is disappointing to see no bank wire transfer option or flexible e-wallet solutions such as Skrill and Neteller.

Nonetheless, payment methods are free to use and offer processing times of less than 30 minutes. Visa & MasterCard debit and credit card payments have a maximum daily transaction limit of $2,000.

LQDFX offers all the same options for withdrawals, free to use, except for payment cards, which come with a $10 fee. Minimum withdrawal charges apply including $15 for crypto payments and $20 for credit/debit cards.

Withdrawals are processed instantly with a typical fund clearance time of one to two working days.

Demo Account

While using LQDFX, we found demo accounts are loaded with $100,000 of simulated money and replicate real-money trading conditions. Prospective clients can get to grips with the MT4 trading platform, delve into new markets, and test strategies with zero risk 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-up.

The bonus can be withdrawn upon completion of trade volume requirements. Volume requirements depend on the size of the bonus, with $5 becoming withdrawable for every full lot that is traded (100,000 units).

Visit the broker’s website for the latest bonuses and rebates.

LQDFX Regulation

LQDFX is not licensed or regulated by any financial institution. Regulatory agencies help to prevent brokers from misleading customers and refusing to fund and process withdrawals.

The broker is quite transparent about its business model and has a range of legal documents on its website, which is better than most unregulated brokers. But while the broker states compliance with anti-money laundering policies and segregated client funds, there is no guarantee of that assertion given the absence of regulatory oversight.

Additionally, when using LQDFX, we came across some negative user reviews online, so exercise caution before opening an account.

Additional Features

LQDFX offers a good range of educational resources and trading tools. As well as an economic calendar, the broker has Fibonacci, pivot point, and deal size calculators.

MetaTrader 4 risk limits
MT4 Risk Tools

Importantly, the website’s education section is well laid-out, offering a beginner’s course and a range of video tutorials on ECN trading, using MetaTrader 4 and mobile app functionality. There is an e-book provided on forex trading, offering a deeper dive into trading psychology, behavior and key concepts.

A range of articles are also on offer, exploring technical analysis and risk management, as well as a course on trading strategies for various experience levels and markets.

LQDFX economic calendar
Economic Calendar

Account Types

When we used LQDFX, we found the brokerage offers five live accounts, each of which boasts access to MT4, the full range of educational material, a dedicated account manager and all tradeable assets. The broker also offers swap-free trading conditions for Islamic clients.

Below we the key features of each account:

Micro Account

Gold Account

ECN Account

VIP Account

Islamic Account

Benefits

Some of the most competitive features of LQDFX’s services vs competitors like Hugosway, Tradersway and FXChoice, include:

Drawbacks

Our experts found LQDFX falls short in the following areas vs the likes of Oanda, ICMarkets, and Forex.com:

Trading Hours

The broker’s MT4 platform is open 24/7, however, instruments are only tradeable when their respective markets are open. LQDFX’s servers run in the GMT+1 time zone, and the trading hours below are also in GMT+1.

Forex pairs open at 22:03 on Sundays and close at 21:58 on Fridays, with a daily break from 21:58-22:03. Precious 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 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:

The support team can help with multiple account queries, from uploading documents for pending KYC verification to PAMM servers and ‘trade disabled’ error messages. Unfortunately, clients cannot consult an FAQ portal for margin call requirements and MT4 login issues.

Note that the support team cannot provide advice on taxes or name individual employees.

Security & Safety

LQDFX has a secure website that uses safe single sockets layer (SSL) encryptions on all website traffic. When using the MetaTrader 4 terminal, you can add additional security settings such as two-factor authentication (2FA) or one-time passwords.

Be cautious of scams, particularly when trading with unregulated brokers. There are no customer protection schemes available and your personal capital may be at risk.

LQDFX Verdict

LQDFX offers a solid basic service as an online broker, with 71 currency pairs and a range of metals, commodities, cryptocurrencies, and indices. There is also a good selection of account options, including a dedicated Islamic account, plus a good education center and support for scalping, hedging, and other trading strategies. However, customers have expressed some negative opinions in online reviews, flagging withdrawal and client portal login issues. We’re also hesitant to recommend unregulated brokers due to scam concerns. As such, we would consider other providers first.

Accepted Countries

LQDFX accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, 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, United States, Canada, India.

Compare LQDFX

Compare LQDFX with similar brokers that accept traders from your location. Among available brokers these are the most similar to LQDFX:

  1. 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.
  2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  3. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, and energy, as well as stock indices. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  4. 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 tight spreads on a cutting edge platform.

LQDFX Comparison Table

Compare LQDFX With Similar Brokers
LQDFX eToro IG Group InstaForex Forex.com
Rating 4.7 4.4 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $20 $10 £250 €200 to €50,000 (depending on account type) $100
Minimum Trade 0.01 lots $10 0.1 lots 0.01 Lots $1
Regulators None FCA, CySEC, ASIC, FSA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin CySEC CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus 100% deposit bonus up to $20,000 No
Education Yes Yes Yes No Yes
Platforms MT4 MT4 MT4, MT5 MT4
Leverage 1:100 – 1:500 1:30 EU 1:30 1:30 for retail clients, 1:500 for professional 1:200
Payment Methods 6 14 6 10 8
Detailed Comparison LQDFX vs eToro LQDFX vs IG Group LQDFX vs InstaForex LQDFX vs Forex.com
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Forex.com
Review

Compare Trading Instruments

Compare LQDFX Trading Instruments
LQDFX eToro IG Group InstaForex Forex.com
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper Yes Yes Yes No No
Silver Yes Yes Yes Yes Yes
Corn No Yes No No No
Crypto Yes Yes Yes Yes Yes
Futures No No Yes No Yes
Options No No Yes No Yes
ETFs No Yes Yes Yes No
Bonds No No Yes No No
Warrants No No No No No
Spreadbetting No No Yes No No
Volatility Index No Yes Yes No No

LQDFX vs Other Brokers

Compare LQDFX with any other broker by selecting the other broker below.

LQDFX vs

The most popular LQDFX comparisons:

  1. FXChoice vs LQDFX
  2. LQDFX vs Trader’s Way
  3. LQDFX vs Hugo’s Way
  4. LQDFX vs Oanda
  5. LQDFX vs IC Markets
  6. LQDFX vs Forex.com

FAQ

Does LQDFX Integrate With TradingView?

No, you cannot use TradingView charts on LQDFX. However, the broker integrates with MT4, which can be utilized to view live price charts and market data.

Does LQDFX Provide VPS?

No – virtual private servers (VPS) aren’t offered by LQDFX. On the other hand, the broker provides direct market access.

Is Arbitrage Allowed On LQDFX?

No. The account opening agreement clearly states that arbitrage and fraud, manipulation, or anything the platform deems as suspicious are strictly prohibited. The brokerage reserves the right to remove any gains obtained through such methods and even close user accounts.

Which Are Is Best LQDFX Vs. Hugo’s Way, Traders Way, Or FX Choice?

They are very similar, all providing forex, crypto, stocks, indices, commodities, and use of the MT4 trading platform. The most significant difference is made by FXChoice, which is regulated. Regulated brokers provide additional protection to traders.

What Trading Account Types Does LQDFX Offer?

LQDFX offers five account types to day traders, with direct market access. All profiles offer access to all trading instruments, tight spreads and flexible leverage.

Can I Register With LQDFX In The US?

No – clients from the US are not accepted.

Can I Fund An LQDFX Account With PayPal?

No, many methods can be used for transactions with LQDFX, including e-wallets, payment cards and cryptocurrencies, but PayPal is not supported.

Does LQDFX Provide Clients With MetaTrader 5 Access?

No, the broker offers MetaTrader 4, the predecessor to MetaTrader 5, which has won many awards over the years and has established itself as the industry’s standard retail trading platform.

Does LQDFX Offer Cryptocurrency Trading?

Yes, the broker supports trading on cryptocurrencies. It offers 16 major cryptos, of which most are paired with the US Dollar or Euro.

Is LQDFX A Legit Online Broker?

LQDFX is not a regulated broker, limiting your legal protection if the broker refuses withdrawals or acts improperly. Some brokers are intentionally unregulated, allowing them to provide otherwise restricted services. With that said, LQDFX does have a wide client base and is well-regarded by some traders.

LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.