LQD Forex underwent a significant acquisition by Plexytrade. This transition marked a new chapter for LQD Forex clients seamlessly migrated to Plexytrade’s platform. Here is the comprehensive guide for LQDFX offerings: regulation, account types, trading platform, fees and commission, and more.
Quick insights
LQD Forex review receives a 3/10 rating due to its lack of regulation and the potential risks associated with unregulated brokers. It has a limited trading platform, funding methods, and so on. While the broker offers a variety of trading instruments and the popular MT4 platform, the absence of regulatory oversight poses significant concerns for traders.
LQD Forex review
LQD Forex broker offers a variety of trading instruments, including forex, indices, commodities, cryptocurrencies, and stocks. They provide access to these markets through the popular MetaTrader 4 (MT4) trading platform. However, a significant concern is that LQD Forex is not regulated by any reputable financial authority.
This review will explore LQD Forex’s features, but due to the lack of regulation, we cannot recommend them as a safe trading platform.
LQDFX regulations
LQDFX is an unregulated broker based in Saint Lucia. We strongly caution against trading with them. Due to their lack of regulation, your funds are at risk.
Security measures of LQDFX
- LQDFX offers negative balance protection. Be aware that even if LQDFX does offer negative balance protection, it doesn’t guarantee complete security.
- LQDFX claims to maintain client funds in separate accounts and collaborates with reputable payment processors and banks. Unregulated brokers may still pose risks to your investments.
Restricted countries
Please be aware that LQD Forex’s services are not available to residents of certain countries, including North Korea, the United Kingdom, Syria, the United States, Canada, the European Economic Area (EEA), and any other relevant regions.
Trading assets offered by LQDFX
LQDFX offers diverse trading assets, allowing you to explore various market opportunities.
- Forex: Trade 71 currency pairs, including major, minor, and exotic pairs.
- Indices: Invest in 11 major global indices, such as the S&P 500, Dow Jones Industrial Average, FTSE 100, and more.
- Commodities: Trade 4 popular commodities gold, silver, oil, and natural gas.
- Cryptos: Access 16 cryptocurrencies, including Bitcoin, Ethereum, and other leading digital assets.
- Stocks: Trade 37 stocks from various sectors and regions.
Trading platform of LQDFX
LQDFX is a financial services provider that offers a variety of trading instruments, including forex, indices, commodities, cryptos, and stocks. They provide access to these markets through the popular MetaTrader 4 (MT4) trading platform.
- MetaTrader 4 (MT4) is a popular trading platform known for its customization options, advanced charting tools, technical indicators, expert advisors, and mobile trading capabilities.
- It offers features like one-click trading, backtesting, alerts, and multiple timeframes, making it a versatile tool for traders of all levels.
Account types of LQDFX
LQDFX offers five types of accounts to suit different trading needs and preferences.
- Micro
- ECN
- Gold
- VIP
- Islamic
The various features of account types are given in the tabular column.
| Features/Account types | Micro | ECN | Gold | VIP | Islamic |
|---|---|---|---|---|---|
| Execution type | Market execution | Market execution | Market execution | Market execution | Market execution |
| Trading model | STP | STP | STP | STP | STP |
| Account manager | Yes | Yes | Yes | Yes | Yes |
| Maximum leverage | 1:1000 | 1:300 | 1:300 | 1:100 | 1:300 |
| Minimum trade size | 0.01 | 0.01 | 0.01 | 0.1 | 0.01 |
| Maximum trade size | 5 lots | 40 lots | 40 lots | No | 40 lots |
| Typical spread | 1 | 0.1 | 0.7 | 0.1 | 0.7 |
| Swaps | Yes | No | No | No | No |
| Available Instruments | FX, Indices, Commodities, Metals, Cryptos | FX, Indices, Commodities, Metals, Cryptos | FX, Indices, Commodities, Metals, Cryptos | FX, Indices, Commodities, Metals, Cryptos | FX, Indices, Commodities, Metals, Cryptos |
| Commission on FX | No | 2.50USD/EUR per 100,000 | No | 1.50USD/EUR per 100,000 | No |
| Forex | 71 pairs | 71 pairs | 71 pairs | 71 pairs | 71 pairs |
| Indices | 11 | 11 | 11 | 11 | 11 |
| Commodities | 4 | 4 | 4 | 4 | 4 |
| Cryptos | 16 | 16 | 16 | 16 | 16 |
| Stocks | 37 | 37 | 37 | 37 | 37 |
| Minimum deposit | $20 | $500 | $500 | $25,000 | $20 |
Deposit and withdrawal of LQDFX
LQDFX offers a convenient and secure trading environment with commission-free deposits and multiple options for funding and withdrawing your account.
- Confirmo
- Crypto
The 100% bonus is available for all deposits above $250 across all LQDFX account types and is instantly credited upon deposit. The minimum deposit is $20.
The maximum and minimum, processing time, and processing fees for deposit and withdrawal of LQDFX are given below.
| Deposit/withdrawal methods | Confirmo | Crypto |
|---|---|---|
| Maximum deposit | Bitcoin: $/€ 350,000, Bitcoin Lightning: 0.03, Ethereum: $/€ 350,000, Litecoin: $/€ 350,000, Solana: 500, Tronix: 15,000, USDC: $/€ 350,000, USDT: $/€ 350,000 | Bitcoin Cash: $/€ 250,000, Cardano: $/€ 250,000, Chain link: $/€ 250,000, Ether: $/€ 250,000, Litecoin: $/€ 250,000, Ripple: $/€ 250,000, USDC: $/€ 250,000, USDT: $/€ 250,000 |
| Minimum deposit | $20 | $30 |
| Deposit time | Instant | Instant |
| Deposit fee | None | None |
| Maximum withdrawal | Bitcoin: $/€50,000 Litecoin: $/€50,000 USDC: $/€50,000 USDT: $/€50,000 | Bitcoin: $/€50,000, Bitcoin Cash: $/€50,000, Cardano: $/€50,000, Chain link: $/€50,000, Ether: $/€50,000, Litecoin: $/€50,000, Ripple: $/€50,000, USDC: $/€50,000 |
| Minimum withdrawal | $15 | $75 |
| Withdrawal time | 1-2 business days | 1-2 business days |
| Withdrawal fees | None | None |
Fees and commissions by LQDFX
Commission on FX
- Standard and gold accounts: No commission
- Silver account: 2.50 USD/EUR per 100,000
- Platinum account: 1.50 USD/EUR per 100,000
Other commissions
- Commission on other instruments: Zero
- Commission on affiliate program: Starts from $7/70% revenue based on the pip value per standard lot traded.
Fees of LQDFX
- Deposit fee: Free
- Withdrawal fees: Free
- Spread: Starts from 0.0 pips
- Transaction fee: No
LQDFX educational tools
LQDFX trading tools are designed to help you make informed trading decisions.These user-friendly calculators allow you to calculate various trade parameters, test different strategies, and better understand the market. Whether you’re a seasoned trader or just starting, our trading calculators are valuable resources for making well-informed decisions before entering a trade.
Customer support
LQDFX offers 24/5 customer support by phone, email, and live chat for assistance or request a callback.
- Phone: Account support: +44 20 8097 2777, General inquiries: +359 2 490 4462
- Email: support@lqdfx.com
- Live chat: https://www.lqdfx.com/en/contact-us
- Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Conclusion
Due to the significant risks associated with LQD Forex being an unregulated broker, we cannot recommend them as a safe or reliable trading platform. Traders should prioritize using a regulated broker with investor protection measures in place.
While LQD Forex offers various trading instruments and the popular MT4 platform, the lack of regulation poses substantial risks to your funds. It is essential to conduct thorough research and choose a reputable broker for your trading needs.
Pro Tips
Trading with LQDFX brokers poses significant risks to your funds, as there is no regulatory oversight to protect your investments. Elevate your trading experience with our trusted forex brokers. Stay up-to-date on the latest trends in stocks, CFDs, banking, forex, trading, investment, and cryptocurrencies. Share your insights and feedback in the comments below.
