LQDfx
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| Popularity |  |
| Leverage | 1:500 |
| Minimum Deposit | $20 |
| Regulation | Not regulated |
| Payment Methods | Credit Card, Bank Transfer, Skrill, Neteller, Bitcoin |
| Trading Assets | Forex, Commodities, Indices, Shares |
| MT4 | ✅ |
| MT5 | ❌ |
| Spreads | Low |
| Average cost: EUR/USD | 1.2 pips |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| MAM | ❌ |
| PAMM | ❌ |
| CopyTrading | ❌ |
| ZuluTrade | ❌ |
| Scalping | Yes |
| Signals | ✅ |
| EAs/Robots | Available |
| Negative Balance Protection | Yes |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Inactivity Fee | $10 after 3 months of inactivity |
| Year Established | 2015 |
| Address | Majuro, Marshall Islands |
| Contact Information | Email: [email protected], Phone: +44 203 695 8525 |
| Mobile Trading APP | Not Available |
| Rating | ★★★★☆ 4.4 |
| Website |
Pros and Cons
- Low minimum deposit making it accessible for beginners
- Offers Islamic accounts
- Supports MT4 platform
- No deposit or withdrawal fees
- Negative balance protection
- Not regulated
- No MT5 support
- MAM and PAMM accounts not offered
- Limited asset coverage beyond forex and CFDs
- Inactivityfee applied after 3 months
Introduction
In the ever-evolving landscape of online Forex and CFD trading, LQDfx stands out as a broker that aims to combine technological advancements with a client-centered approach.
Established in 2015, the company has quickly garnered attention for its comprehensive trading solutions, competitive trading conditions, and dedication to transparency and customer support.
This review delves deep into what it offers to traders worldwide, evaluating its platform, trading instruments, account types, fees, regulatory status, customer service, and more.
Whether you’re a novice trader or a seasoned investor, this review will provide you with a clear understanding of the broker and its place in the global Forex market.
Open a free accountCompany Overview
LQDfx at a Glance:
- Founded: 2015
- Headquarters: Majuro, Marshall Islands
- Regulation: Unregulated
- Trading Instruments: Forex, Commodities, Indices, Shares
- Trading Platforms: MetaTrader 4 (MT4)
- Minimum Deposit: $20
- Leverage: Up to 1:500
- Payment Methods: Credit Card, Bank Transfer, Skrill, Neteller, Bitcoin
Trading Platforms and Tools
MetaTrader 4 (MT4)
LQDfx has chosen MetaTrader 4 (MT4), the industry’s leading trading platform, as its sole platform offering.
MT4 is renowned for its user-friendly interface, robust technical analysis tools, and automated trading capabilities through Expert Advisors (EAs).
Below are some highlights of MT4:
- Customizable Trading Environment: Tailor the platform to your trading strategies with customizable charts, indicators, and EAs.
- Advanced Charting Tools: Access over 30 built-in indicators and freehand drawing tools for comprehensive market analysis.
- Automated Trading: Utilize EAs for automated trading strategies, with back-testing capabilities to refine your approach.
- Mobile Trading: Trade on the go with MT4 mobile apps for iOS and Android, offering full account functionality.
Trading Instruments
LQDfx provides traders with a diverse range of trading instruments, ensuring that clients have access to a wide array of markets.
The broker offers trading in:
- Forex: Major, minor, and exotic currency pairs.
- Commodities: Including gold, silver, oil, and natural gas.
- Indices: Access global equity markets through major indices.
- Shares: Trade shares from leading global companies.
Account Types
The broker caters to various trading styles and investment levels by offering multiple account types.
Each account has been designed to meet the specific needs of different traders, from beginners to professionals.
Below is an overview of the account types available:
|
Account Type |
Minimum Deposit |
Spreads |
Leverage |
Commission |
|
Micro |
$20 |
From 1.0 pips |
Up to 1:500 |
No |
|
Gold |
$500 |
From 0.7 pips |
Up to 1:300 |
No |
|
ECN |
$500 |
From 0.1 pips |
Up to 1:300 |
Yes |
|
VIP |
$25,000 |
From 0.0 pips |
Up to 1:100 |
Yes |
Each account offers access to MT4, mobile trading, and a demo account option.
Islamic swap-free accounts are also available upon request, catering to traders who wish to comply with Sharia law.
Get your bonusFees and Costs
LQDfx prides itself on transparency when it comes to trading costs and fees.
The broker offers competitive spreads and commissions, depending on the account type.
Notably, it does not charge deposit or withdrawal fees, making it more accessible for traders to manage their funds efficiently.
However, it’s important for traders to be aware of any fees that may be charged by their payment provider or bank.
- Spreads: Start from 1.0 pips for the Micro account and can be as low as 0.0 pips for the VIP account, with a commission.
- Commission: Only applicable on ECN and VIP accounts.
- Swap Fees: Overnight fees are charged for positions held open overnight, with rates available on their website.
- Inactivity Fee: A fee is charged after 3 months of account inactivity.
Regulatory Considerations and Safety of Funds
One of the most critical aspects to consider when choosing a broker is their regulatory status.
LQDfx operates as an unregulated broker, which might raise concerns for potential clients about the safety of their funds and the broker’s reliability.
However, it’s important to note that the company has implemented several measures to ensure the security of client funds, including:
- Segregation of Funds: Client funds are kept in segregated accounts, separate from the company’s operational funds. This ensures that client money cannot be used for any other purpose.
- Partnership with Reputable Banks: It has partnered with well-established banks to manage client funds, adding an extra layer of security.
- Negative Balance Protection: LQDfx offers negative balance protection, ensuring that clients cannot lose more money than they have deposited in their trading accounts.
While the lack of regulation is a significant consideration, the measures the company has put in place to protect its clients’ funds demonstrate its commitment to client security and trust.
Deposit and Withdrawal Methods
LQDfx supports plenty of convenient deposit and withdrawal methods, catering to a global clientele.
These methods are designed to facilitate quick and easy transactions, allowing traders to manage their funds efficiently.
The available options include:
- Credit and Debit Cards: Visa and MasterCard are accepted for instant deposits.
- Bank Wire Transfer: For larger deposits and withdrawals, though, processing times can be longer.
- E-Wallets: Including Skrill, Neteller, and Bitcoin, offering fast and secure transactions.
The broker does not charge any fees for deposits or withdrawals, but it’s crucial for traders to check if their selected payment method incurs any additional fees from their service provider.
Customer Service
Effective customer support is essential for a positive trading experience.
LQDfx excels in this area, offering responsive and helpful customer service through multiple channels:
- Live Chat: Available 24/5, providing instant assistance for urgent inquiries.
- Email: Support staff can be reached via email, with a commitment to responding to queries within 24 hours.
- Phone Support: For direct contact, they offer phone support in several languages.
Feedback from traders highlights the professionalism and efficiency of their customer service team, underscoring the broker’s focus on client satisfaction.
Educational Resources and Trading Tools
LQDfx provides a range of educational resources and trading tools designed to enhance the trading skills of both beginners and experienced traders.
These resources include:
- Forex Education: Comprehensive guides and articles covering the basics of forex trading, market analysis, and trading strategies.
- Webinars and Seminars: Regularly scheduled educational events hosted by industry experts, offering insights into market trends and advanced trading techniques.
- Economic Calendar: An essential tool for keeping track of important economic events that could impact the markets.
- Market News and Analysis: Daily updates and analyses to help traders make informed decisions.
These resources demonstrate its commitment to empowering its clients with the knowledge and tools needed for successful trading.
Conclusion
LQDfx has established itself as a competitive broker in the Forex and CFD trading space, offering a wide range of trading instruments, competitive fees, robust trading platforms, and exceptional customer service.
The broker’s commitment to transparency, security, and client education is evident in its operations and service offerings.
However, the lack of regulatory oversight remains a significant consideration for potential clients.
Traders should weigh the benefits LQDfx offers against the risks associated with trading with an unregulated broker.
For those willing to proceed, it presents a compelling option, especially for traders prioritizing competitive trading conditions and comprehensive support.
LQDfx’s blend of technological sophistication, diverse market access, and trader-centric services makes it a noteworthy broker for traders at all levels.
As with any investment decision, individuals should conduct thorough research and consider their risk tolerance before trading with LQDfx or any other broker.
Visit official website: www.lqdfx.comUser Reviews
Frequently Asked Questions (FAQ)
Is LQDfx regulated?
No, it is not currently regulated by any major financial authority.
What platforms does LQDfx offer for trading?
LQDfx offers the MetaTrader 4 (MT4) platform for trading.
What is the minimum deposit?
The minimum deposit is $20, making it accessible for beginners.
Does the broker offer Islamic accounts?
Yes, LQDfx offers Islamic accounts that comply with Sharia law.
Are there any fees for depositing or withdrawing funds?
No, they do not charge any deposit or withdrawal fees.
Can I trade cryptocurrencies with LQDfx?
LQDfx primarily focuses on Forex and CFDs, and it does not offer cryptocurrency trading at this time.
How can I contact their customer support?
You can contact them via email at [email protected] or by phone at +44 203 695 8525.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Feng Zhou
Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.
Sandro Pontedra
Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.
Stephane Dubois
Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.
Last update: April 27, 2024