LQDFX review: Trading Platform, Instruments. Pros and Cons for US Clients.

3.505 • 133 REVIEWS
Updated: Mar 3, 2023

5 star review by Moonglow, USA

LQDFX is a very good broker. I am trading Forex with them since August 2021 and so far so good. I have positions opened for almost 2 months and no problems with swap charges or anything. They don't cheat at all. Very honest broker...

What is LQDFX?

LQDFX is an unregulated forex broker online since 2015. LQD Limited headquarters is officially located on the Marshall Islands. LQDFX welcomes US clients providing them with higher leverage and lest restrictions than NFA regulated brokers.

LQDFX broker offers popular MT 4 platform available for PC and Mac, mobile devices as well as Web Trader.

Trading instruments include over 70 forex pairs and stock indexes, precious metal, commodities as CFDs.

As other brokers, LQD features proprietary educational content, and in-house technical analysis with stop loss and take profit levels.

Please read LQDFX Reviews below and share live trading experiences with this broker.

2019-12-04:  LQDFX is on the CFTC's RED list.  CLICK HERE to confirm.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $20
Established: 2015
Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960, MH96960, Marshall Islands
Contact: support@lqdfx.com, +44 2035988261
Regional offices:
Prohibited countries: Unknown
Trading platforms: MT4
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (70+)
CFD: (35+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

PAMM: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, Ripple, Skrill, UPayCard, VLoad
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, Ripple, Skrill, UPayCard, VLoad
3.505 • 133 REVIEWS

Traders Reviews

Somewhere, USA,
Sep 10, 2021,
Registered user

I was mistaken... LQDFX is good.

Service use: Live Length of use: over 1 Year
I left a review about a year ago calling this company a scam. I was upset about price always instantly going the opposite direction as soon as I entered a trade. Since then I've learned a lot more about the market. It's not the broker doing that. It's the liquidity provider doing that. Liquidity providers are the market makers. If you don't understand institutional trading then you will fall victim to this all the time. Since then, I've adjusted my trading strategy, and with proper timing, I'm seeing better results. Remember, when you're trading with leverage, it's not your money on the line, it's someone else's money. If you trade like a retail trader, market makers will absolutely take your money. You have to trade with the institutions, not against them. The reason why I only give LQDFX 4 stars is because they don't have a VISA deposit option. You can only deposit via bitcoin, crypto, or VLOAD. Vload is an unreliable 3rd party who applies a fee to your deposit and an additional fee to your withdrawal. Yes, it's the cost of doing business, but only because LQDFX won't provide any option for bank wire. And I have a sneaky suspicion that they will give you problems with large withdrawals then blame it on a technicality with their provider. I have this suspicion based on reviews I've read here. So I'm very afraid to leave large amounts of money with this broker. Other than that, no problems so far with this broker. I'm just happy I got over that hump I was having last year.

Aug 28, 2020 - 1 Star I'm an experienced trader and I've been trading for years with many different brokers. I have deep technical analysis and I consider myself an expert in price action. So I know a market maker when I see one. When you enter a trade with these con-artists, the price immediately, and I mean IMMEDIATELY, goes in the opposite direction. It doesn't matter where you enter, or how you enter. Price comes to a full stop and then immediately goes against you. This is the hallmark of an algorithmic based market maker. But yet, they call themselves a STP, ECN broker. It's not hard to lie when you're unregulated and tucked away in the middle of the atlantic ocean in the marshall islands. Don't be fooled by the positive reviews. Those are their own people. I'm a real trader. If you want a real ECN broker, then you have to get with one that's regulated. They charge commission with every trade, to they hunt your stop loss AND get you for commission. What a ripoff.

Reply by LQDFX Representative submitted Sep 1, 2020 Dear adofo,

Thank you for taking the time to post this review.

I must admit, we are quite astonished to read your feedback. Rest assured if your claims were true, there would have been more reviews in this regard and most likely we would have been out of business by now. This is definitely not the way we conduct our business, neither is it the business model we follow.

For such inquiries, the best plan of action would be to contact our trading department, if you are an existing client at all of course, as to receive an explanation and assistance regarding any concerns you may have. Taking into account the seriousness of your claim, it is unusual that you chose not to provide any additional details so we can identify you as a client. Furthermore, we fail to find any similar email inquiries sent to us.

Sometimes clients jump into conclusions before coming to us for an explanation, which leads to wrong interpretation of an issue, if any issue at all. Or perhaps, your trading strategy needs some further fine tuning.

Kind Regards,

Official Representative
BC, Canada,
Aug 27, 2021,
Registered user

My Opinion On the Bonus and Good Reviews VS Bad Reviews

Service use: Live Length of use: 3-6 Months
For the most part I go with regulated brokers and some unregulated brokers are legit. You juts gotta be careful who you go with. After reading reviews and seeing the negative ones, I agree with LQD FX replied and that they are being legit and accountable to the cry babies who do not read what the rules are or understand.

I like the reviews, I have an EA that is good with this as the ECN only charges a $7 commission per lot, and no swap fees and low spreads. Really ideal.

For those whining about the bonus. I agree with it so much. All those brokers that give you. bonus or credit, that is fake all they are doing is giving you the allusion you have more money than you have. So if You deposited $500, and would trade same .05 of a lot per trade. You might as well deposit $500 and take .10 of a lot. It is no different than seeing $1000 account balance and $500 of it is fake.

Another way to look at it is if you have 500:1 leverage, you might as well trade with 1000:1 leverage as the other $500 is fake.

So the fact they hold you bonus back and make you earn it for real to give it to you, is exactly the right thing a good broker does. Don't be fooled by magic tricks. LQD FX is not pulling any tricks by how they grant you your bonus based on actual volume traded.
Central, USA,
Aug 5, 2021,
Registered user

Started Great and unfortunately... Ended TERRIBLY!

Service use: Live Length of use: over 1 Year
Its been A turbulent journey leading to my success and this Broker is NOT the path! If you want to build your account and and take bigger trade sizes, GO somewhere else because their MAX TRADE size is only 40 lots. When the total of all my trades exceeded this low number, they restricted my account by lowering my leverage. I later incurred huge losses when trying to trade back into profit but couldn't open new trades.

They then started requesting that I call them first before receiving my withdrawals... It all went DOWNHILL fast, dealing with them. I was offered the VIP account with unlimited trade size but without the higher leverage and min trade being .10 instead of the .01 from previously. How can anyone be profitable long term with lowered leverage and a low max trade size total for all trades during a session?? As your account grow, wouldn't it naturally be right to make bigger trades? They wouldn't work with me to reimburse all or some of the funds. I even requested for a bonus just to add to my balance and not for withdraw; but was denied.

I will prevail again and learned from this chaotic lesson! Trader BEWARE with this one!! I found one that allows 150 max lots with more leverage and has shown better results over the year with my strategy on demo. I've been profitable on live till this present moment.

Mar 28, 2021 - 5 Stars It''s been 3 years now and A pleasant experience overall! The spread for Eurusd rarely goes to 1 and usually is 0. Customer service has resolved issues without much delay and withdrawals have been less than 12 hours sometimes. I appreciate an honest Broker when options for U.S. citizens are slim for good leverage without regulation. I've had my money stolen by an unregulated broker in the past (PellucidFx) and have always been extra cautious since then!
Reply by LQDFX Representative submitted Aug 18, 2021:
Dear doptop,

Thank you for your review.

First of all, before opening an account with us, you agree to our Terms and Conditions, which clearly state that if you abuse the maximum trade size limit on any of the account types, your leverage or account type might be changed to suit the volume traded.

As a matter of fact, we did increase your leverage back to 300 shortly after your request, as a courtesy for being a long-standing client of ours. Under normal circumstances, we would need to see consistent trading under 40 lots on that specific account type so we can bring your leverage back.

You must bear in mind that higher leverage does not guarantee success, actually if you over leverage, you are at higher risk of losing your funds. This is not about not giving the clients what they want, but providing viable solutions that are in-line with the ability to use the right risk management. We are certain that experienced traders that read this review will agree. 

Regarding the trades closed in loss, as previously explained by email, the leverage was not the reason for those losses, but the market going the opposite direction to your EA's aggressive strategy. Your leverage was lowered 2 weeks before those trades took place.

If you need any further assistance, our team will be happy to help.

Kind Regards,

Official Representative
Incheon, Korea, Republic of,
Jul 15, 2021,

Excellent environment

Service use: Live Length of use: 3-6 Months
My entrance to lqdfx broker was nothing but a coincidence; however after passing some time with the broker I felt that it’s okay. I have all options available here for withdrawals. I can freely trade here as I find their platform out of technical issues. With their maximum leverage 500: 1, I can enjoy a good trading profit. But I am yet to see how long I remain comfortable with the broker.
California, USA,
May 19, 2021,

great broker and great customer service but needs crypto options so 4 star

Service use: Live Length of use: 6-12 Months
i have been using this broker for a about a year and have no complaints other than them not having a crypto option but after speaking with Jason he informed me that crypto is coming so hang tight. Im over in the US and withdraws take about 48 hours to hit my crypto wallet never had an issue and deposits are instant. highly recommended
afula, Israel,
May 12, 2021,
Registered user

their bonus is a scam

Service use: Live Length of use: 0-3 Months
i open lest month account and deposit $2600 . after a month a ask why i dont any bonus, even not $5 , something. usually i trade 5 lot a month in average. when they said to me that i will my bonus only after i will trade 520 lot , i understand its a big scam. with proper lot size management its will take at least 10 years to get there. and i risk 10% -20% of my account in every trade .most of the traders don't risk more then 5%. so the bounds cant be achievable ever!! firs i taught you can get every $5 this bonus..not with this guys / you need wait 10-20 years or risk crazy DD every month till your account blow away long before you will get this bonus. this is pure acam!!!
Reply by LQDFX Representative submitted May 18, 2021:
Dear rager4,

Thank you for your feedback.

Reading your review, it is evident that you have never read the Terms and Conditions of our Bonus program, which are very transparent and straightforward. Neither after inquiring about information about the Bonus on our live chat nor before writing this review.

The Bonus value is calculated as $5 per round turn lot traded. Once you complete the volume requirement, the bonus amount is added to your trading account.

Unlike other similar promotions, our bonus amount is not added to your Balance or Equity. The bonus is set aside so you are not encouraged to overleverage your account and trade higher volume, as such bonuses cannot be lost. Ιn other words, such bonuses do not protect you against draw-downs. We have designed it this way to offer clients a safer trading environment. In this way, you are able to calculate your risk accurately.

Considering the above, we are surprised to read that you label this promotion as a 'scam'. As a trader, your trading conditions do not change. Everything remains the same, with the possibility to earn 100% of your investment by simply trading as usual.

As a matter of fact, our clients have found that accomplishing the volume requirement has been far more achievable than other promotions in the industry. The simple math states the obvious.

Please contact us directly if you need any further clarification. Our team will be happy to assist.
Kakiya, Saudi Arabia,
Mar 30, 2021,

Better then Others

Service use: Live Length of use: over 1 Year
Ok, here is my experience with lqdfx
Trading 1 year or so, my EA work well on this platform on their islamic account. Dont have any big problem eccept sometimes i must wait hours for my withdrawl, its not automatic. but platform is good, back office is fast when i need help with deposit but not on weekend. sometimes my deposit fail before and i need refund, but they told me to use the other option and have no problems now

What I like - the platform, my ea performs good, they have islamic account and vip islamic account, fast support (when working)
What i dont like - no live chat on weekend and for withdraw sometimes i must wait 5-6 hour
1 trader has found this review helpful
Florida, USA,
Mar 10, 2021,
Registered user

Good broker

Service use: Live Length of use: over 1 Year
I've had an account for over a year. I've made made deposits and withdrawals without a problem. I just finished a withdrawal and it went quick and smooth (within 2 hours I think), so I don't know about the complaints people here have with them. I did have an OTP problem, but it was because of my email, nothing to do with LQDFX and Rachel helped me quickly and professionally.
I recommend this broker.
Miami, USA,
Mar 5, 2021,
Registered user

Hidden withdrawal fees or wrong BTC rate

Service use: Live Length of use: 0-3 Months
On March 1st I requested a USD 100 withdrawal via BTC. They sent me only 0.001478 BTC (around 71 usd) which was the same amount I received on my wallet.
They insist that my wallet is charging my fees, which is not true as I got the same amount of BTC (0.001478).
In conclusion they charged my 30% fee on my USD 100 withdraw.
1 trader has found this review helpful
Reply by LQDFX Representative submitted Mar 12, 2021:
Dear mrxlo,

Thank you for taking the time to post this review.

Kindly note we have already responded to you in detail and we have provided you with a clear breakdown regarding your transaction and the FIAT amount you had requested to withdraw and details about the final amount in Bitcoin that you have received in your Bitcoin wallet.

We had not received a reply contesting what we had sent you, so we believe that it has been made clear to you what has been explained on the transaction breakdown.

In case you have any further queries, please email us and we will be more than happy to assist you.

Kind Regards,

Official Representative
Singleton, Australia,
Jan 7, 2021,
Registered user

could not verify documents which a blind man could see

Service use: Live Length of use: 0-3 Months
seriously trying to verify documents which a blind man could see. I would not waste your time with this company or broker or whatever they want to call themselve.
I used the same documents to register at 4 other brokers but not with lqdfx...........
seriously poopy service go elsewhere
1 trader has found this review helpful
Reply by LQDFX Representative submitted Jan 14, 2021:
Dear dv8duck,

Thank you for your feedback.

Let me stress the fact that we are only concerned for our own KYC procedures and not for other brokers' diligence. We follow strict procedures and we will continue doing so, as this will always be for the greater good of all parties involved.

Your initially provided document was of below average quality and did not qualify for the approval of your account, hence we asked for another copy. You should perhaps be concerned about brokers that approve such documents, as they might not have proper safety measures or due diligence in place.

We always welcome such reviews related to our due diligence and safety of clients' funds, as we can demonstrate to prospective clients that we are a broker to trust.

As a conclusion, just for the record, your account has been approved perhaps before the appearance of this review, without any further delays.

Kind Regards,

Official Representative
Page 3 of 15

Frequently Asked Questions

Is Lqdfx safe or regulated?

LQDFX is a Marshall Islands company and not regulated with any government agency. 

Checking whether if LQDFX is regulated or not is a start to get to know this company, another good way to know more about the company is to read the unbiased traders review on ForexPeaceArmy. https://www.forexpeacearmy.com/forex-reviews/13035/lqdfx-forex-brokers.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent LQDFX community discussions: https://www.forexpeacearmy.com/community/tags/lqdfx.

Does Lqdfx trade Crypto?

At this moment LQDFX doesn't offer Cryptocurrencies to be traded.

LQDFX right now offers the access to the following assets:
  • Forex Currency Pairs
  • Precious Metals
  • Commodities
  • Stock Indices

Is LQDFX a good broker?

First of all LQDFX is not regulated by any government agency.

Secondly LQDFX is registered in Marshall Islands with a very general office address.

Most importantly read the unbiased traders reviews on ForexPeaceArmy to understand whether LQDFX is good or not. https://www.forexpeacearmy.com/forex-reviews/13035/lqdfx-forex-brokers.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent LQDFX community discussions: https://www.forexpeacearmy.com/community/tags/lqdfx.