LQDFX Review

3.443 · 118 REVIEWS
Updated: May 22, 2021 · LQDFX.com  · Is this your company?

LQDFX is a forex broker. LQD FX offers the MetaTrader 4 forex trading top platform. LQDFX.com offers over 70 forex currency pairs, indices, commodites, cfds, gold and silver for your personal investment and trading options.


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
Currencies: (70+)
CFD: (35+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
Deposit Methods: Bank Wire, VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, Ripple, Skrill, UPayCard, VLoad
Withdrawal Methods: Bank Wire, VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, Ripple, Skrill, UPayCard, VLoad

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3.443 · 118 REVIEWS
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Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Liège, Belgium,
Dec 11, 2020,

First withdrawal experience

Service use: Live

Length of use: 0-3 Months

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.
new york, USA,
Nov 7, 2020,
Registered user

LQDFX Willl not accept my drivers license as proof of ID. Totally absurd!

Service use: Live

Length of use: 0-3 Months

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!!
  1 trader has found this review helpful
Reply by LQDFX Representative submitted Nov 11, 2020:
Dear kcdopwell,

Thank you for bringing this to our attention.

We have looked into your case and we totally understand your disappointment! Non-acceptance of your document was a clerical error made on our part.

Following our strict account opening procedures, your document was overlooked as this compliance procedure applies to clients falling under a different geographical location. We do apologize for the oversight, but be rest assured, we do pride ourselves on strict procedures as they are in place to protect all parties involved.

We have responsibilities to our clients as well as to ourselves as a company, we hope you understand that.

We have already taken the proper measures to prevent this from happening again and our back-office department has already contacted you with further information with regards to your account.

Please accept our apologies once again. We remain at your disposal for any assistance you may need.

Kind Regards,

Official Representative
Yaar Roni,
Kassel, Germany,
Oct 25, 2020,

Overall Good

Service use: Live

Length of use: 3-6 Months

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.
Florida, USA,
Oct 18, 2020,
Registered user

You'll notice this when spikes occur just on your platform alone

Service use: Live

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,
  1 trader has found this review helpful
Reply by LQDFX Representative submitted Oct 21, 2020:
Dear Reibel,

Thank you for taking the time to post this review.

First of all, we did not take or remove any money from you, you did not suffer any loss due to the wrong price. The profits you are referring to were not gained from actual market pricing, due to the spike they were fictitious as the market never reached such price, it only did due to the error we explained.

All clients that were affected negatively were fully reimbursed, which is the right thing to do as a professional company. However, we had to do the right thing for those who gained profits due to this error, which is to rectify all those trades.

With the above stated facts, the text you copy-pasted from some website in your review is irrelevant to the case.

Furthermore, do you mind specifying why do you consider yourself to be a victim? You would be a victim if you were on the other side, by being one of the clients that lost money due to the wrong price and not being reimbursed. Then you might consider yourself being a victim as we are confident that if you actually suffered losses due to this error, you would not ask us to leave your balance as it is but instead to reimburse you.

Regarding the assumptions you express with the “stop loss hunting” text you copy-pasted in your review from some website, again, it does not truly reflect your trading account history. However, we will refrain from adding more details in regard to your trading history or trading strategy.

As a conclusion, the profits to which you are referring should have never occurred, hence why those funds were removed from your balance.

Kind Regards,

Official Representative
New York, USA,
Oct 6, 2020,
Registered user

Trusted platform

Service use: Live

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!
Bismarck, USA,
Oct 6, 2020,
Registered user

Worst broker

Service use: Live

Length of use: 0-3 Months

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.
Reply by LQDFX Representative submitted Oct 14, 2020:
Dear Oluchi667,

Thank you for your review.

We are always happy to receive any kind of feedback, but this review somehow makes absolutely no sense. Unfortunately, this is another very tiresome, unjustified review, that offers no substance or any productivity to the reader or to LQD.

We cannot be certain what exactly the case is, as you chose not to provide any account details. However, it seems like a confusion with the orders you placed from your end.

In addition, it is worth to mention that the MT4 platform is unable to reverse orders on its own accord, which is a preposterous assumption.

In any case, if you need any assistance or you would like us to look into your trades, please feel free to contact us directly. Our team will be more than happy to assist.

Kind Regards,

Official Representative
Jennifer Hudson,
Nsw, Australia,
Sep 22, 2020,

Good environment

Service use: Live

Length of use: 3-6 Months

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.
San José, Costa Rica,
Aug 31, 2020,
Registered user

Worst and most annoying broker ever

Service use: Other

Length of use: Have not used

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!
Reply by LQDFX Representative submitted Sep 3, 2020:
Dear pablo30633,

Thank you for your feedback.

We are sorry to read about your disappointment and even more sorry that we could not accept you as a client.

Please note that in order to verify your account, apart from a valid ID document, we require a proof of address, i.e. a document that has your name on as well as the address you registered with.

As a proof of address we accept a utility bill (electricity, water, phone, internet, etc.) or a bank statement or a letter from the bank or any official third party document (issued by government authority officer, local police department or by your bank). Unfortunately, you failed to provide us with any of the above-mentioned documents that has your name and address on. If you are not able to provide us with a document fulfilling such requirements, sadly we are not able to accept you as a client.

We do apologize if this has caused you any inconvenience.

Kind Regards,

Official Representative
Somewhere, USA,
Aug 28, 2020,
Registered user


Service use: Live

Length of use: 3-6 Months

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.
  4 traders have found this review helpful
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
Joseph emarah,
Tuas singapore, Singapore,
Aug 26, 2020,

4 star Broker

Service use: Live

Length of use: 6-12 Months

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

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.