LQDFX offers low trading costs and deposits with more than one hundred financial instruments. If you are considering Forex Trading, we will help you decide if this is the right broker for you.
Who is behind LQDFX?
LQD is the parent company for LQDFX.It was established in 2015 with its headquarters located at Marshall Island. It is not regulated, but they keep the trader’s funds and company’s funds separate to secure their clients’ money in the event of brokerage closing.
It is however registered with Financial Commission (FinaCom) which deals with disputes resolution. In case of a financial brokerage that leads to financial difficulties, the clients are to be given a compensation of up to 5000 dollars.
The Forex, Indices, Commodities, and metals are the only available instruments for trade.
What types of Accounts are available?
With a collection of five different trading accounts, this broker is very flexible to match your needs. You can open an individual or a cooperate account. These accounts have some similar and unique features, they include Micro, Gold, ECN, VIP and Islamic Account. These accounts are diverse increasing the ability to match them to your specific needs.
These accounts have different minimum depositing amount ranging from 20 dollars to 25,000 dollars. They also offer micro lots for all consideration apart from the VIP account. The Islam account is also swap free. The VIP and ECN accounts have higher spreads and leverage.
There is a Demo account on the website that allows those not confident or ready enough to trade directly polish their skills before trading with an actual account.
What Trading Platforms are available?
LQDFX uses the Meta Trader 4 platform as its trading tool. This is the most popular platform in Forex Trading. It is recommended because it provided Expert Advisors, Advanced charts, negative balance protection, fast execution, and other technical indicators. Customers, therefore, are in a position to trade directly from the charts.
This MT4 program is downloadable on the Windows, Android and IOS enabled devices.
Their educational materials have included various courses, chart analysis, economic calendar and calculators that come in handy especially if you are new to this kind of trading. Professionals can use these materials too to refresh their memory and learn a few new things also.
Deposits and withdrawal options
Bank Wire Transfers, Visa, Master Card, Skrill, Neteller, Union pay, Fasapay, Bitcoin, Upaycard and Vload are some of the channels that you can use to fund your account depending on personal preferences and region. All of these platforms accept a minimum deposit of 20 dollars apart from Vload. There is no additional costs inform of deposit fees.
Cash withdrawals, on the other hand, takes up to 2 days to process for cards and 1 day for the other channels Minimum and maximum withdrawal amounts depend on the payment method you are using. Withdrawal charges for those using cards are 10 dollars while the others do not charge any withdrawal fees. It is also not possible to withdraw more money as compared to the amount of your initial deposit when using a credit card.
Commissions, spreads, bonus and leverage
The VIP and ECN accounts are commission based.The different report have different spreads the minimum spread is 0.1 while the maximum is 1. The accounts without commission have higher leverage with pips of 0.2 spread evenly among all the other accounts. There is also free trading signals for its clients.
There is minimum leverage of 1:100 and a maximum of 1:500. Higher leverage offers the possibility of greater profits with less initial deposits. LQDFX has recently introduced a bonus program that gives you instant credit on your deposit, available on all accounts, it is applied of deposit from 250 dollars. Your bonus is also withdrawn able.
Their customer service is available for 24 hours from Monday to Friday. Customer support is offered on the website at the live chat, phone, Skype or email. These tools will help you ask questions and get answers instantly. Customer support uses English, Turkish, Italian, Russian, Spanish, and French. The customer support team is well trained and have the necessary skills to answer your questions
- The bonus is withdrawn able
It is possible to withdraw your rewards from your account if you ever want to withdraw.
- High leverages
The accounts for this broker have higher leverages making the minimum deposits amount relatively low.
- Various accounts
There are many accounts, therefore, catering to the needs of all your clients.
- Not regulated
This broker is an offshore product;, therefore, it is not regulated. It can cause suspicion from the clients.
LQDFX is favorable for all types of clients. The various accounts ensure that it meets the needs of most people. There is even a Muslim account that has a low minimum deposit. It also uses the MT4 platform making it even more reliable. Even though this broker is not regulated, its positive factors outweigh the negative side.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK