LQDFX is an offshore, unregulated forex and CFD brokerage company offering online trading of currency pairs and other leveraged financial instruments. The LQDFX.com website is owned and operated by LQD Ltd, a company incorporated in the Marshall Islands and with a current address in St. Vincent and the Grenadines. The brokerage was established in 2015 and claims to execute client orders through a straight-through processing (STP) model and a non-dealing desk (NDD) model, providing direct market access and eliminating requotes. The company also claims to have a solid customer base from all over the world. LQDFX does not charge any deposit fees and offers close to zero spreads.
Despite being unregulated, the company claims to keep customer funds separate from the company’s funds, so in the event of a liquidation, customer funds remain protected.
LQDFX clients can trade through the well-known MetaTrader 4 (MT4) platform. It combines a rich selection of features with an intuitive design, making it great for traders of all levels. The trading platform supports 39 languages, over 30 technical indicators, custom chart options and 9 timeframes. Along with one-click trading, MT4 also offers automated trading through Expert Advisors (EAs). MT4 is available for download on Windows and Mac devices or can be used as a web-based platform.
The brokerage offers five live accounts, each with access to MT4, the full range of educational materials, a dedicated account manager and all tradable assets. The broker also offers swap-free trading terms for Islamic clients.
Micro Account – Leverage 1:500; No commissions; Typical spread 1 pip; Minimum deposit USD 20; Maximum trade size 5 lots; Minimum trade size 0.01 lots
Gold Account – Leverage 1:300; No commissions; Minimum deposit USD 500; Maximum trade size 40 lots; Typical spreads from 0.7 pips; Minimum trade size 0.01 lots
ECN Account – Leverage 1:300; Typical spread 0.1 pips; Minimum deposit USD 500; USD 3.50 per lot commissions; Maximum trade size 40 lots; Minimum trade size 0.01 lots
VIP Account – Leverage 1:100; Typical spread 0.1 pips; No maximum trade size; USD 2.50 per lot commissions; Minimum deposit USD 25,000; Minimum trade size 0.1 lots
Islamic Account – No swaps; Leverage 1:100; No commissions; Minimum deposit USD 20; Typical spread 0.7 pips; No maximum trade size; Minimum trade size 0.01 lots
LQDFX offers online CFD trading on 100 global instruments:
Currency pairs – CFDs on 71 majors, minors, and exotics. The typical spread for the EUR/USD pair is 1.7 pips.
Metals – You can trade 8 precious metals including Gold, Silver, Palladium, and Platinum. The typical spread of Gold is USD 0.24.
Indices – CFDs on 11 global stock indices are available for trading. The typical spread for DAX 40 is 1.2 points.
Energies – CFDs on 4 energy products are available and the typical spread for Oil is USD 0.019.
Cryptocurrencies – CFDs on 13 cryptocurrencies are available for trading and the typical spread for Bitcoin is USD 20.
Shares – CFDs on nearly 40 US shares are available for trading. The typical spread for Apple shares is USD 0.05.
Customers can use credit/debit cards, PayRedeem and cryptocurrency to deposit into their accounts. Disappointingly, there is no option for bank transfer or e-wallets like Skrill and Neteller. Payment methods are fee-free and offer processing times under 30 minutes. Debit and credit card payments have a maximum daily transaction limit of USD 2,000.
LQDFX offers the same withdrawal options as when depositing. Debit/credit card withdrawals are subject to a USD 10 fee. Additionally, there is a minimum withdrawal requirement which is USD 15 for crypto payments and USD 20 for credit/debit cards. Withdrawals are processed immediately with a typical clearing time of one to two business days, the company claims.
LQDFX offers access to educational resources and trading aids. Economic calendar, Chart analysis, Fibonacci retracement and Deal size calculators, and more are available.