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

This is my first time withdrawl from lqdfx and I just have received my fund. I have not been with the broker for a prolonged period of time but the transaction went smooth with no delays. I thought I would leave my feedback here. It’s sound good trading here.

LQDFX Willl not accept my drivers license as proof of ID. Totally absurd!
I registered for this broker after using the demo account for over a month! I submitted every valid documentation they asked me for to prove your residence and your identification. After one failed attempt my residence was verified via a bank statement I submitted. I subitted my United States drivers license. My license is a restricted Use license and they would not accept my license as proof of identity. When I received an email from LQDFX they stated that because my license was a restricted use license that they could not accept my valid drivers license as proof of my identity. Why does it matter tht my United States license is restricted? This is my license!!! This is the ID and license I use everyday to drive and prove my identity. I only have one official ID. In the United States you cannot have a State isssued ID and drivers license at the same time. I f you have a drivers license you cannot be issued a state ID and vise versa. I have my drivers licensce over 25 years and they won't accept it, The only other option I have to provemy identity is a passport. I do not fly and I do not own a passport!! This is absurd they will not accept my valid USA drivers llicense whcih is also my Everyday Identification !!!! Im givig them all valid documents and they dont accept my license. This is crazy! I have all the required documents and my documents are in current status!!! No expirations and date issued!!

Not the most advanced broker, but reliable. I enjoy the high leverage and low spreads but it would have been better if they offer 500 leverage on their ECN account as well. Overall good trading experience, never had issues depositing or withdrawing so far, not a bad broker at all.

This notification was after they took almost 20 thausand dollars from my account that I was trading with a lot free margin left plus greats positions on all my trades , they You'll notice this when spikes occur just on your platform alone and no other charting tool has those. Sometimes, it is unintentional and a glitch from your broker and you stand to be reinstated, however many times it is intentional and you might fall the victim of an unscrupulous forex broker. For those who sit on their computer to monitor their trades, it is frustrating to find such rapid price moves. I don’t think was unintentional but the damage it’s done and I don’t want others traders loss their money for unscrupulous forex broker . It’s not only this , what about Stop loss hunters ? Stop loss hunting is one of the ways they use to do that. They have some special robots or hire and train some employees who monitor the clients trades. When a client takes a short position and sets a stop loss and the market goes against the position and becomes so close to the stop loss, the robot or the stop loss hunter employee increases the spread manually to help the price hit the stop loss sooner. It’s easy to find out if your dealing with an honest broker or not ! If anyone who trade with this broker never saw this trick them I’m wrong but anyways I saw a lot of times , cost me a lot of money/


Dear Reibel,

We trust this email finds you well.

We are contacting you to inform you that yesterday 13.10.2020, there was a price error on US30 from our Liquidity provider's side, which resulted into a significant wick that reached a price of 21474.84.

Due to this error, a great deal of our clients suffered losses, which of course we reimbursed. On the other hand, this error was beneficial for other clients by gaining profits based on wrong pricing.

Having stated the above, we would like to inform you that your US30 trades were reset and the correct balance/P&L will now reflect on those trades that were affected, as those profits were gained due to the wrong pricing at the time.

Thank you for your understanding in this matter and please accept our apologies if this has caused any inconvenience.

Kind Regards,

Taking into account that US traders are very limited when it comes to Forex trading, I am happy that there are few decent companies out there who we can trust and LQDfx is one of them. All Forex brokers offer 1 main product - Forex trading, all those companies have the trading instruments that can satisfy our trading needs (of course low spreads and commissions are also a factor). However, what it matters nowadays is the service - how fast deposits are in, how fast withdrawals are processed, how stable the platform is and last but not least customer support.

Having said that, based on my experience with LQD I believe this is a 5 star broker. Moreover, it is rated as a trusted broker in one of the most popular forex threads on another forum website. I'm not saying that this company is completely flawless, but at least if an error occurs - they work together with the client.

Stay safe everyone!

LQDFx is not a good broker. I have traded forex for years and was sure of the trade I placed. When I place a buy order they will reverse it to sell, when I will place a sell order they reverse it to a buy order. I Checked on TradingView and other two brokers and found that LQDfx was just bent on wiping my account which they actually did.

already i have experienced with so many brokers but right now comfortable with lqd, the main positive thing is lowest spreads which supports me much as scalper. but its increase sometimes at night and during news ( i have seen 2 times). have not faced any major something. customer service very fast in live. overall environment really good.

I've never seen such a useless broker as this. If you open your account they ask you to provide them with proven documents of your card, your id and your proof of address. With the proven address, in my case i do pay rent, and the basic services but there was no document for me that had EXACTLY my name and the address where i live; which is why i even went to my government officials to ask if they could provide me with that information. They said that since i'm not the landlord of the property they couldn't give me the POA (proof of address) l asked the official to provide me with the tax bill of my landloard. This in order for me to create a letter from my landloard stating that i've been living there for an amount of time and proving that as well. LQDFX kept sending me emails sayin the same thing over and over " it has to be stamped and signed by a governement official, accountant etc..." i even contacted the engineer that did the evaluation of the property before my landloard acquired the property. He made me a letter of that confirmation with his company. So if you want to really waste your time and not feel supported by them go for LQDFX!

Lqd is one of the good brokers out there with decent trading conditions and fast customer service. I only give 4 stars because i must use another company for crypto trading, if lqd had crypto it would be 5 star broker. They say in the future they will have but nothing yet. Anyway, overall good broker for forex and metals

So far I'm not liking what's going on just made live accountIm having issues with getting my refund .. they wallet address broken .. I tried to put $3k in my account and it never made it to it.. that's alot of money that just disappeared.. I keep emailing and chat run around saying my email not registered to them etc but I got screenshots of everything.. so disappointed cause I really want to use this broker