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LQDFX review and ratings

Established 2015
Location Marshall Islands
Regulation None
Offices Majuro
Broker type STP | ECN
Leverage up to 1:500
Deposit from 20 USD
Spreads low  low
Platforms MetaTrader 4
Instruments Currencies Indices Metals Energies Softs
Funding methods Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay UnionPay Bitcoin UPayCard

Company information

LQDFX is a legally registered forex broker located in the Marshall Islands, but not regulated by any government agency.

Availability

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.
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 the Marshall Islands, a popular offshore jurisdiction for financial services companies, but is not regulated by any financial regulator. 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.

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 available in English, Arabic, French, Italian, and Russian.

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 a UK phone number, 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 through the standard options of credit cards, a range of online money transfer services, and international bank wire transfer. Note that there is a minimum deposit amount of USD 250 or the equivalent in another for making a deposit with bank transfer. Other payment methods have a minimum amount of only USD 20 and no deposit fees.

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