LQDFX

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LQDFX 2024 Broker Review

Written by:

ForexBrokerTalk

Fact checked by:

ForexBrokerTalk

Recommended for

  • We do not recommend LQDFX at this time

Trust Level: Very Low

  • No regulation
  • In business since 2015

Popularity

16 people visited this broker using ForexBrokerTalk within the last 6 months

Introduction To LQDFX

Founded in 2015, LQDFX is an offshore broker located in Saint Lucia and Bulgaria. The company is not regulated by any government agency, and therefore we do not recommend trading with this forex broker. For more information about the dangers of trading with unregulated brokers, see our guide here.

$20

Minimum Deposit

$3.50

FX Commission
(per lot)

Yes

Free Demo Account

No

Inactivity fee

Pros

STP broker

Leverage of 1:1000 available

Cons

No regulation

Mixed reviews from traders

Review Video:

Coming soon!

LQDFX Quick Facts

Country Headquarters

Gros-Islet, Saint Lucia

Instruments Offered

Forex, Metal, Stock Indices, Crypto

Base Account Currency

AUD, USD, JPY, GBP, EUR, CAD,

Minimum Deposit

$20

Withdrawal Fee

$0

Account Verification Time

Instant

Deposit Options

Card & Crypto

Accepts crypto deposit

Yes

Trading Platforms

MetaTrader 4

Demo Accounts

Yes

VPS Offered

Yes

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Account Opening 2 / 5

While LQDFX’s account sign up process is simple, it is important to note that this broker is unregulated. They do not perform account verification. Additionally, they are known to allow traders from the US – which breaks regulation rules.

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Commissions & Fees 3 / 5

LQDFX offers ECN trading accounts which have a commission of $3.50 USD per side. For VIP traders the commission is lowered to $2.50 USD.

Fees:

No fee to deposit or withdrawal. Additionally no fee for inactivity.

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Deposit and withdrawal 2 / 5

LQDFX offers the following:

  • Card
  • Crypto

Again, it is important to note that this broker is not regulated.

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Trading Platforms 2 / 5

LQDFX only offers the following trading platform:

  • MetaTrader 4
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Customer Support 3 / 5

LQDFX offers support via phone, live chat, email. It is unclear their support availability hours.

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Other 2 / 5

In addition, LQDFX also offers:

  • Forex trading VPS
  • 1:1000 leverage on some accounts
  • Deposit bonus
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About ForexBrokerTalk

ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.

2.5 / 5

ForexBrokerTalk Final Score

LQDFX is an unregulated forex broker. Therefore, we do not recommend trading with this broker due to the risks of using an offshore broker.

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