LQDFX review and ratings

Established 2015
Location Saint Lucia
Regulation FSRA
Offices Rodney Bay, Sofia
Broker type STP | ECN
Leverage up to 1:500
Deposit from 20 USD
Spreads low  low
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Softs
Funding methods PayRedeem Bitcoin Bitсoin Cash Liteсoin Ripple Tether

Company information

LQDFX is a forex broker located in Saint Lucia, regulated by the Financial Services Regulatory Authority (FSRA).


LQDFX accepts clients from all over the world, excluding some countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

70+ Currency Pairs Based on major and minor world currencies.
16 Crypto Pairs Based on Bitcoin, Ethereum, Dash, Litecoin, Cardano, BNB, Terra, Neo, Ripple, Solana, Monero, ZCash.
12 Indice CFDs Based on baskets of different blue-chip stocks.
19 Metal CFDs Based on Gold, Silver, Platinum, Palladium and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
3 Soft Futures Based on Cocoa, Coffee, Soybean.

Comprehensive review

Branding itself as a true straight-through processing (STP) broker that never takes the opposite side of clients' trades, LQDFX has been offering tight spreads and transparent costs on more than 70 currency pairs, as well as a range of commodity and stock index CFDs since it was first launched in 2015.

The company behind the broker, LQD Limited, is registered in Saint Lucia, not a very popular offshore jurisdiction for financial services companies, but on the plus side, there is a regulatory body (FSRA) that supervises financial and brokerage firms. As we have said repeatedly when it comes to offshore-registered forex brokers, this does present some risks for the trader, but also means greater opportunities to profit from increased leverage and a more hassle-free registration and verification process for new clients.

Besides its official headquarters in Saint Lucia, LQDFX has a physical office location in Sofia, Bulgaria.

Despite its technical status as an offshore broker, LQDFX claims it keeps all client funds in segregated accounts with only top-tier European banks like Barclays, HSBC, and Deutsche Bank. We are unaware of any complaints from former or current clients about this broker, making it a good choice for traders seeking the high leverage offered by offshore brokers.

LQDFX's website features a modern design, with lots of relevant information at a very detailed level. It also includes a large educational section with complete online courses on lots of different topics related to trading, including a beginner's trading course, MetaTrader tutorials, and a large library of very interesting trading strategies, ranging from basic to more advanced strategies. The website is currently available in English only.

In 2017, LQDFX was awarded “Best ECN Broker” and “Most Reliable Broker” by TheForexAwards.com, a sign that it has been recognized as an important and reliable player, both within the industry and among its clients.

In terms of trading platforms offered by LDQFX, the selection is fairly limited with only the classic MetaTrader 4 (MT4) platform for Windows, Android, and iPhones currently available.

Customer service is available via UK and Bulgarian phone numbers, email, and a live chat option on the website. There is no available information regarding customer service opening hours.

Deposits and withdrawals to and from a trading account with LQDFX can be made directly the cryptocurrencies Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), and Tether (USDT), or via the third-party crypto payments processor Confirmo that accepts an even wider range of cryptocurrencies. Additionally, it is also possible to pay with Visa, MasterCard or bank transfer through the payment processor PayRedeem.

Note that there is a minimum deposit amount of $30 or the equivalent in another currency for making a direct crypto deposit. For PayRedeem and crypto payments through Confirmo, the minimum deposit amount is $20.

Overall, trading costs with LQDFX are very reasonable, with transparent spreads conveniently listed on the broker's website along with information about trading hours and contract sizes for all markets that are available. Spreads vary by account type, with the lowest spreads being offered on the ECN and VIP accounts.

When it comes to account types, LQDFX offers more choices than most other brokers, offering their traders five different account types to choose from:
– Micro Account, with relatively wide spreads but no commissions
– Gold Account, with tighter spreads but a higher minimum deposit of USD 500
– ECN Account, with tight spreads but a small commission on each trade
– VIP Account, with a very high minimum deposit of USD 25k but tight spreads and low commissions
– Islamic Account, with swap-free trading and no commissions for Muslim traders

All account types offer trading in the same instruments, although the maximum trade size varies between 5 and 40 lots.

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