Unregulated

Comment

Saint Lucia

2015-11-10

1.74

Website

https://lqdfx.com

Rating Index

Software

6.41

Licensed

Risk Control

1.2

Experience

5.72

Institution

Industry Classification

Unqualified

Trading Platforms

MT4

Basic Information

Registered Region

Saint Lucia
Operation Status

Normal
Operating Period

2015-11-10
Deposit Methods

Visa, MasterCard, Cryptocurrencies
Website

https://lqdfx.com
Market Type

Foreign exchange
Support Languges

English
Main Business

FX, commodities, indices, metals, cryptocurrencies, stocks, CFDs
Business Type

FX broker
Social Media
Contact Details

support@lqdfx.com

+44 20 8097 2777
Type of Accounts

Micro, Gold, ECN, VIP, Islamic
Trading Platforms

MT4
Withdraw Methods

Bitcoin
Auto Trading

EA supported

Pros and Cons

Pros: LQDFX offers competitive spreads, a variety of account types (including Islamic and demo accounts), and a low minimum deposit requirement of just $20. Additionally, it supports the popular MT4 trading platform, which enhances its appeal to traders of all levels. Cons: The broker operates without valid regulatory licenses, which is a significant concern regarding the safety of client funds. Withdrawal fees for credit card transactions and limited customer support availability may also deter potential users.

Company Background

LQDFX was established in late 2015 and is registered in Saint Lucia. The broker provides a range of trading instruments, including forex, commodities, indices, metals, cryptocurrencies, and stocks. The company has established a reputation for low entry costs and a user-friendly trading platform. However, the lack of regulation raises concerns about oversight and investor protection, which may affect trader trust and security.

Fund Security

LQDFX claims to implement fund security measures by keeping customer funds in segregated accounts at reputable banks. Despite these measures, the absence of regulatory oversight diminishes the effectiveness of these protections. Clients are reminded to exercise caution, given the potential risks associated with trading through an unregulated broker. Without a regulatory body ensuring adherence to industry standards, the safety of funds cannot be guaranteed.

Account Opening

Clients can open various account types, including Micro, Gold, ECN, VIP, and Islamic accounts with minimum deposits ranging from $20 for Micro to $25,000 for VIP. The account opening process is straightforward but may involve verification steps to ensure compliance. Users can benefit from lower minimum requirements compared to many competitors, although the unregulated status of LQDFX is a critical consideration during onboarding.

Trading Fees

Trading fees at LQDFX vary depending on the account type. The Micro account offers spreads starting from 1 pip, while Gold and Islamic accounts feature spreads from 0.7 pips. The ECN and VIP accounts provide the tightest spreads starting from 0.1 pips but incur additional commission fees. Withdrawal fees apply for credit card transactions, while inactivity fees may be charged for dormant accounts.

Trading Instruments

LQDFX provides a comprehensive range of trading instruments, including CFDs on forex pairs, commodities, indices, metals, cryptocurrencies, and stocks. This diversity allows traders to explore various markets, although the lack of bonds and options limits the available asset classes. The broker's asset selection caters to a wide audience, from forex traders to those interested in commodities and cryptocurrencies.

Trading Technology

The trading technology provided by LQDFX centers around the MT4 platform, which is known for its user-friendly interface and extensive features like customizable indicators and multiple charting options. However, the absence of MT5 may be a limitation for more experienced traders seeking advanced functionalities. LQDFX's technological infrastructure supports fast execution speeds and reliable performance, enhancing the overall trading experience.

Research and Education

LQDFX offers a range of educational resources, including trading courses, video tutorials, and trading guides. These materials cover essential trading skills, market analysis techniques, and risk management strategies, catering to both beginners and experienced traders. The availability of an economic calendar and trading tools further enriches the learning experience, helping clients to stay informed and enhance their trading skills.

Customer Support

Customer support at LQDFX is accessible via multiple channels, including phone, email, and live chat. Support is available 24/5, with a multilingual team capable of assisting clients in various languages. While the availability of live chat is beneficial, some user reviews indicate that response times may not always be immediate, highlighting room for improvement in service quality.

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Rating Index

LQDFX

Unregulated

Legal Environment

6.41

License Value

Risk Management

1.2

Investor Protection

5.72

Regulatory Policy

Software

Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.
Institution

Analyzes the regulator's policy framework, decision-making process, and enforcement transparency, including rule-making, internal control, and policy implementation effectiveness.
Licensed

Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.
Risk Control

Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.
Investor Protection

Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

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