LQDFX is an offshore Forex broker, that opened in August 2016. Before beginning your journey to become the next millionaire from Forex trading, you should first read the article: “The Difference Between Regulated & Offshore Brokers“.
Officially they are owned and operated by; LQD Limited, which is located alongside hundreds of shelf companies at: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. Their listed phone number is in United Kingdom: +442080641038, and the customer support email is: [email protected] Official website is: https://LQDFX.com/.
For broker complaints and withdrawal problems, read this.
LQDFX Broker Review
Day Traders and Investors at LQDFX are given the popular Forex trading app known as MT4 or MetaTrader 4. At the brokers LQDFX , you will find that they only offer the MT4 desktop app, or the mobile trading apps for Android & iOS devices. Investors can create multiple demo trading accounts to test out the trading platform and their trading strategy.
They offer about 100 underlying assets for CFD trading including; Forex / Currency pairs, Commodities (Oil, Gold & Silver) and Market Indexes. Maximum leverage rate / margin rate offered is 500:1 for the Micro accounts, and 300:1 on regular trading account. Minimum deposit requirement for a Micro trading account is only $20, and $500 for a Gold level account.
LDQFX trading is available in English, Arabic, French, Italian and Russian.
Deposits & Withdrawals
Depositing to this broker is done via VLoan or a Crypto Currency. If you use a credit card to buy Crypto, which you will then transfer to their Bitcoin wallet you should understand the risk. Most credit card companies do not offer buyers protection of Bitcoin transactions, and they aren’t covered by your cards fraud protection.
If you make a deposit with Crypto, you will need to send it via Confirmo, as they do not work with Coinbase accounts.
Is LQDFX Regulated?
No, LQDFX is not a licensed or regulated broker.
The way you know a Crypto / Forex broker is not a scam, is by checking their website for a license. When you see that they hold a valid license from your governments financial regulator, you can be sure that they are a legitimate broker. Forex brokers in the United States must be licensed and regulated by the CFTC, otherwise your cash is not protected.
Did you try a licensed broker? Look here!
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You can trade over 80 currency pairs, on either MT4 or their custom trading app.
Register here for a Free Demo Account.
If you are currently investing with LQDFX brokers, please share your experience in the comments section below.