An award-winning broker, LQDFX offers fast and efficient trading powered by complete Straight-Through-Processing (STP) execution alongside tight spreads. The broker also offers a market-leading partners program and PAMM accounts for fund managers.
Learn more about LQDFX and its unique trading features and offerings by gleaning through this forex broker review.
LQDFX Background & Safety
LQD Limited runs and owns LQDFX which was established in 2015 in the Marshall Islands. Over the years, LQDFX has grown to be a global brand as it has established numerous offices across the globe.
LQDFX brags its unique serviceability as a broker by utilizing STP execution in trading. In essence, the broker dismisses the issue of conflict of interest (between the company itself and the client). It also means that there is no dealing desk and no requotes as swift execution is the brand’s trading service flagship.
If you will view its official site, it has a page dedicated to displaying its regulatory credentials. However, that page remains empty which signifies that the broker is not regulated since it does not display any information about it.
Despite not having a regulatory certification, LQDFX assures its clients safe trading as it complies with the Marshal Islands Business Corporation Act. It also runs a model that keeps its clients’ funds totally separate from the company funds. The broker is also linked to multiple payment service providers in order to partner with over 265 banks worldwide.
Aside from the market-leading partners program to go along with its forex services, LCQDFX also boasts its accolades. In 2017, LQDFX won a couple of recognitions from The Forex Awards.com, bagging the Best ECN Broker award and the Most Reliable Broker (2017) citation.
LQDFX continues to strengthen its presence around the world with its multilingual 24/5 customer support and a growing number of support offices.
LQDFX Features and Fees
Financial Instruments
LQDFX offers financial instruments in forex (71 currency pairs available), precious metals (Gold & Silver), indices, and commodities.
Account Types
LQDFX features an array of account types to suit traders of different trading condition preferences and all skill levels. It offers the Micro Account, the Gold Account, the ECN Account, and the VIP Account.
Let’s scrutinize the set trading conditions under each account type.
Micro Account – with a $20 minimum initial deposit, you can trade with up to 1:500 leverage 5 lots as maximum trade lots and spreads starting from 1.0 pips.
Gold Account – deposit a minimum of $500 for this account type to trade with up to 1:300 leverage, spreads starting from 0.7 pips, and zero commission fees.
ECN Account – same with Gold Account, ECN Account requires a $500 minimum deposit while it charges .50USD/EUR commission per 100,000 worth of trade. Get leverage of up to 1:300 and trade size with a maximum of 40 lots. Spreads under this account type are ultra-tight as it starts from 0.1 pips.
VIP Account – if you are a big-time trader who can deposit with at least $25,000, you can enjoy the VIP treatment under this account type. Trading conditions include a leverage of up to 1:100, no trade size limit, and spreads starting from 0.1 pips. The commission fee is 2.50 USD/EUR for every 100,000 worth of trade.
LQDFX also offers the Islamic Account for traders wanting a swap-free account in observance of the Sharia Law. This account type requires a $20 minimum initial deposit with a maximum trade size of 40 lots and spreads starting from 0.7 pips. There are no commission fees while leverage can be up to 1:300.sert picture here from this link:
Promotions
LQDFX gives a 100% bonus to traders who make above $250 upon their initial deposit. The 100% Bonus Program is credited to the trader’s trading account and is available through all account types.
Funding Methods
When depositing funds, clients may opt for bank wire transfer, Visa, Mastercard, Skrill, Neteller, Fasapay, and Bitcoin.
Each mode of payment has a maximum deposit amount and a minimum deposit amount. There are no deposit fees in LQDFX. For bank wire transfer, LQDFX shoulders deposit fees for deposits amounting to $500 and above.
The same options are available for withdrawing funds. Withdrawals made through bank wire transfer and credit cards incur certain withdrawal fees while e-wallet withdrawals are free of service fees. Depending on the method of withdrawing funds, the process takes one business day to five business days.
LQDFX Trading Platforms &Tools
LQDFX sports its lone trading platform in MT4. The industry standard platform features an intuitive user interface and customizable trading tools and functionalities. LQDFX’s MT4 demonstrates ultra-fast execution alongside other features including one-click trading, Depth of Market, advanced technical analysis tools, advanced charting tools, and negative balance protection.
The broker’s MT4 is available in several versions such as MT4 for Windows, MT4 for Android, and MT4 for iOS.
Bottom Line
LQDFX is making itself known as an STP broker. Adding to this asset are some other advantageous conditions including zero deposit fees and an array of account types.
Getting at par with the market leaders, LQDFX needs to boost its campaign by adding another platform option to its traders and widening its markets offering.