LQDFX Review – Online Platforms, Commission, Leverage, Account Types, Features & more
Founded in 2008, LQDFX is a trading platform operating on a global scale, online. It offers its investors CFD trading, Forex Trading, Social Trading, Share Dealing Trading.
They are a global financial broker having their head office in Marshal Island. They are currently not regulated by any government authority.
The range of trading facilities offered by them is extensive. It includes metals, indices, and commodity selection.
It offers trading in 7 non-metallic commodities, 71 forex currency pairs, and 12 equity indices.
The operation of accounts takes place through the electronic communication network or straight-through processing execution models.
About LQDFX and Accepted Country
As stated on the website, there are no lists of countries exempted from using this particular trading platform.
The services do not conflict with the laws of the country, as the website itself states.
It accepts traders from:
Canada, Australia, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Italy, Denmark, Saudi Arabia, Qatar, Luxembourg.
However, the United States of America and Belarus are not allowed to use this account.
|Founder / CEO||Jamarcus Williams|
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Account Opening Process of LQDFX
The account opening process at LQDFX is simple. To start opening an account, you need to understand the basic methods checks to be clear about the trading risks and whether you are eligible to trade or not.
One needs to answer certain compliance questions before starting their account and proceeding with trade. It might take up a few days before the process winds up.
For opening an account, you need to pay a simple visit to the LQDFX trading platform. The user needs to fill in all the personal information, as required by the trading platform.
The entire process of opening the account is easy and understandable as one proceeds through the account.
LQDFX Trading Platform
The precursor to MT5 is MT4, which is a trading platform offered by LQDFX. It has incredible features and incredible designs that help traders at all levels.
These platforms support multiple languages, which is around 30, above fifty technical indicators, customized, and approximately thirty trading options.
|Trading Platform||MT4, MT5|
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Trading Platform Supported Languages||English, Turkish, Italian, Russian, Spanish, French|
It also has expert advisors enabled automatic trading.
One of the essential features of this platform is its user-friendly, fast, and flexibility.
It further has a lot of tools for analysis, and MT4 can run on desktops and applications of the phone as well.
The MT4 platforms have certain features:
- The LQDFX trading technologies support extra fast executions.
- It allows for different charting with the three available charting styles.
- It allows technical analysis using the thirty technical indicators
- MT4 also supports many order management and the one-click trading facility.
LQDFX Mobile App
MT4 is a platform for LQDFX trading has a mobile application too, which works perfectly on both Android and iOS devices.
The play store allows the downloading of the app and is useful for analyzing and checking on the markets and trading analysis.
It is again very user-friendly and customizable, allowing multiple orders and shows pending orders which are available on the app.
Price alert push notifications are also there on the app.
Check out Mobile Apps of more Forex Brokers
LQDFX Brokerage or Commission or Fees
LQDFX does not charge any kind of commission on the CFD instruments that it offers.
The brokers may charge a commission on the deliverance of the services by them and procuring and selling of the assets through the trading accounts.
The type of trading greatly influences the cost of trading and the charges taken by the brokers. It also depends on the level of trading and the financial asset type that you are trading.
If there is any kind of activity done by the Broker on your behalf, you will have to pay a certain commission. The activities are that of fulfilling, canceling, buying, or selling orders.
|Commission on trades||Yes|
LQDFX Leverage or Exposure
Flexible leverage up to 1:500 is available if using the micro account. The maximum cap on another type of accounts is 1:300, excluding the VIP account, which gives a rate of 1:100 at maximum.
It is a way of increasing exposure in the market by decreasing the required margin of traders. There are chances that there might be an increase in the losses.
One must prefer doing all kinds of research before making trading using leverage.
|Maximum Leverage||Up to 1:500|
LQDFX Payment Methods
There are different payments available while using the LQDFX account. Some of them are:
Bank Wire Transfer, Mastercard Payments, Visa, cryptocurrencies, Neteller, FasaPay, and Load-e-wallets are some available options.
In the case of wire transfers, a customer requires a minimum deposit of $250 and 30$ in the case of crypto.
Bitcoin has a minimum requirement of 20$ along with payment cards and e-wallets.
While transfers take up to seven days, payment cards take up to 30 days.
There are a lot of options that come for free except for payment cards, which will require a fee of a lower cap of $10.
A wire transfer allows a withdrawal of $100, payments cards allow. $20, Bitcoin allows $10, and another crypt allows $30. E-wallets allow around 0-10$.
The withdrawals for cryptocurrency payments and e-wallet takes up to one business day, while cards take up to two days, and it’s two to ten days for wire transfers.
|Deposit Options||Major credit and debit cards such as Visa and Mastercard|
|Withdrawal Options||Major credit and debit cards such as Visa and Mastercard|
Find out Payment Methods provided by other Forex Brokers
Investment in Markets by LQDFX
Comprising of seven majors, 21 minors, and forty-three exotics are tradeable through LQDFX.
Several metals consisting of gold, silver, platinum, palladium, around twenty-one stock indices globally, agricultural commodities are also traded on the market.
|Total Tradable Assets||NA|
|Number Of Currency Pairs||NA|
|Number Of Cryptocurrencies||7|
|Number Of Stocks||4|
|Number Of Indices||NA|
|Number Of Commodities||6|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
LQDFX Virtual Trading Account or Demo Account
You can find a wide variety of accounts on LQDFX, which depends on the capital of the trader.
An account manager is there irrespective of the type of account chosen. The virtual trading account comes with stimulated money of about 100000$, and real money trading conditions are very easy to replicate in this case.
You can explore the market, and hands-on experience in the new markets through the MT4 trading platform can be got hold of. Newmarket strategies can be easily tested without any risk to the capital.
|Virtual Money||$ 5000|
LQDFX Offers and Deals
A deposit bonus of 100% is available on LQDFX, depending on the payments made with tradeable cash. If the deposits are between 250$ to 20,000$, the bonus can get applied.
Once the trade volume requirements get completed, the entire bonus is available for withdrawal.
With every full lot, comprising of 100000 units traded, the size of the bonus will be dependent.
All the information regarding the current bonuses and discounts can be easily found out on the website.
|Free Learning Courses||Yes|
|Free Demo Account||Yes|
|Discount on Brokerage||Yes|
|Flexible Brokerage Plans||Yes|
|Forex Trading Contest||No|
|Trading Bonuses & Rewards||No|
LQDFX Regulation or Licensing:
No licensing or regulatory requirements are listed by any financial institution to LQDFX. When it comes to the business model, the broker ensures maximum transparency in the process.
It comprises a wide range of legal documents on the website, which is definitely on the better side as compared to the brokers, which are on the unregulated side of it.
However, the users have to exercise caution before opening an account.
Since there are instances when the Broker has received negative reviews online known already, there are regulatory bodies and agencies that prevent any modification of information that might mislead the customers and cause any difficulties in terms of fund processing and withdrawal.
Find out Regulations & Licensing of more Forex Brokers
This trading platform, LQDFX, offers a wide range of resources for education and tools of trading. The Broker has a lot of options comprising of the point and deals size calculators.
The most attractive feature can be the education division, which is very well put out and offers a large variety of videos on different trading options, and the usage of MetaTrader4 and the functioning of the mobile application as well.
When it comes to forex trading, an E-book, which gives a wider depth to understand the nature of trading, and important concepts are also provided.
Technical analysis and risk management options can be well understood as well as strategies on trading for various levels of market experience.
|Social Trading / Copy Trading||No|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||No|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||No|
|Interest On Margin||No|
|Other Trading Features||No|
LQDFX Account Types
LQDFX offers four varieties of live accounts: all of them have access to MT4 with the necessary educational materials, good managers, and assets that are available for trade.
|Initial Deposit||20 USD||500 USD||500 USD||25,000 USD||20 USD|
|Spread||1 pip||0.7 pips||0.1 pips||0.1 pips||0.7 pips|
|Commission||None||None||$7 per lot||$5 per lot||None|
There are four different accounts, namely:
- It provides an average of 1:500
- No commission charged on this
- A minimum deposit of 20$ required
- A commission of $3.50 charged per lot
- A minimum deposit of $500 required
- The leverage that’s provided is 1:300
- Swaps are also charged in this case.
- No commissions charged on the gold account
- 500$ is the minimum deposit required
- A leverage ratio of 1:300 provided
- A minimum deposit of 25000$ is required.
- The commission charged per lot is around $2.50 and has a typical speed of .1 pips.
- The leverage provided is 1:100
- No commissions charged, and there are no swaps possible
- A normal speed of .7 pips is available on a minimum deposit of 20$
- Leverage of 1:300 is there.
LQDFX Trading Account Features
Check below all the trading account features under various account types:
|Trading Desk Type||STP & ECN/STP|
|Maximum Leverage||Up to 1:500|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||No|
|Suitable for Weekly trading||No|
|Suitable for swing trading||Yes|
LQDFX – Research & Advisory
Find below all the different reports and support provided by its Research & Advisory team :
|Daily Market Commentary||No|
|News (Top-Tier Sources)||Yes|
|Company Stock Review||Yes|
|Free Stock Tips||Yes|
Some of the most superior beneficial features of LQDFX include complete protection from negative balances keeping in mind that it has very low deposits of 20$. It provides a good education hub.
It gives a cent percent bonus deposits along with a competitive model for depositors, which deposit some amount.
Apart from all this, it has a wide range of instruments that are available for trading commodities, forex currency pairs.
This particular trading software does not allow for social trade. There is offshore registration.
Against Forex.com, ICMarkets, TradingView, these are the few areas in which LQDFX falls in the backward domain.
LQDFX Trading Hours
The MT4 platform is open 24/7, but you can start trading only when the respective markets are open.
On Sundays, the forex pair opens at 10:03 and finally shuts at 11:58 on Friday.
There is a wide range of timings available only subject to the commodities. For more information on this, you can visit the broker’s website.
LQDFX Customer Support and Contact Details
The customer support service is available 24/7 over live chat, telephone, and mail.
The customer service team handles many account-related queries efficiently. It deals with all issues, be it document verification to KYC verification to PAMM and other error messages.
However, one cannot connect the call for issues about MT4 login. The team gives no suggestion related to tax.
You can access support on the website of the LQDFX in the following ways:
Live Chat: Bottom right of the website
The support is multilingual. For scheduling a, ‘Request a callback,’ you can use a form, which is available on the contact page itself.
It also allows connecting over social media networks like Facebook, Instagram, and Linkedln.
|Support During Weekends||Yes|
|Live Chat Support||No|
|Customer Support Languages||English, Turkish, Italian, Russian, Spanish, French|
LQDFX Safety and Security
SSL, Single sockets layer encryption, secures the website of LQDFX.
The capital of the company is completely separate from the funds of the client. This enables the return of money in case there is liquidation done by the Broker.
However, one must make all the decisions after reading all schemes and information before proceeding.
LQDFX Rating & Review
Based on the user experience, the following rating and reviews are provided.
|User Experience||7.0 / 10|
|Products & Services||7.6 / 10|
|Brokerage Charges & Fees||7.1 / 10|
|Research & Advisory||7.2 / 10|
|Trading Platforms||7.1 / 10|
|Overall Ratings||7.2/ 10|
|Total Client Reviews||67|
LQDFX Conclusion or Verdict:
It would be fair to conclude that LQDFX delivers a wide variety of services as a forex broker with a plethora of account options available in four variety centers and trading strategies of scalping hedging.
It is suitable for all types of traders and trading strategies owing to multiple trading instruments.
However, if compared to its competitors, it has a poor listing of assets. The status of the unregulated Broker is one big problem.
To compete with the best trading brokers, the broker tries to improve the quality of services.
The finest point about LQDFX is that it provides some beneficial tools such as economic calendars, calculators, and market news enabling the traders to succeed.
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