LQDFX review: Is it a legit or scam forex broker?

3.454 · 123 REVIEWS
Updated: Dec 1, 2021 · LQDFX.com  · Is this your company?

As a scalper I have sign up with Lqdfx due to their very low trading spread if compared other broker accounts. If market will change the direction against to me, I am able to close the portions in minimum lose and then open new trade easily. This environment really supports me to lead a healthy and comfortable trading life. Thanks lqd. 5 star review by Elina walker, USA.
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LQDFX is an unregulated forex broker online since 2015. LQD Limited headquarters is officially located on the Marshall Islands.

Tradeable instruments include over 70 Forex pairs and stock indexes, precious metal, commodities as CFDs.

LQD FX offers MetaTrader 4 platform, available for desktop and mobile devices.

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

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


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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3.454 · 123 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

NewYork, USA,
Jun 17, 2020,
Registered user

Personal opinion

Service use: Live

Length of use: 6-12 Months

as a retail trader with different firms i have had a number of accounts over the yeras. its my own trading style. experience with lqdfx from december 2019, having withdrawan thousands 0f $$ never got major problem and the customer support representative , they charge nothing as account fees. overall comfortable trading life with them.
A. Frazier,
Texas, USA,
Jun 8, 2020,

Service use: Live

Length of use: 0-3 Months

The one thing I DO NOT like about this broker is that it pays you hardly anything on US30! I put in a .02 lot size on a buy at the price of 27352.81. I took profit at 27360.81 and received 0.80 for a profit! There is NO WAY those 8 pips should have paid me only EIGHTY CENTS! It should have been $16! NEVER AGAIN!
Reply by LQDFX Representative submitted Jun 16, 2020:
Dear A. Frazier,

Thank you for your feedback.

Let me clarify that the tick value of certain indices may vary from broker to broker. Therefore, we would always advise doing your research to find out if the value we offer works along your strategy.

Have you contacted us to inquire the above prior to trading? We offer a 24/5 live chat service, along with other support facilities in which you can get in touch, readily available to provide any assistance, where you could have obtained the information. Being an informed trader about your broker rates would have prevented your disappointment, which led to this review.

However, on a positive note, reading that this is the only one thing you are not satisfied with, we understand that you have been satisfied with all other procedures and services offered by us.

Kind Regards,

Official Representative
Ruse, Bulgaria,
Jun 7, 2020,
Registered user

Victim of their PAMM fund nanager

Service use: Live

Length of use: over 1 Year

No way to exit from this trap. Find nanager plays against the investors. Asked many times to exit the copy of trades. Customer support explained to that this Is not food business practice. Simeone from then wrote me that my loss Is not enough big, and that I was with no experience in this kind of investing etc. What kind of rights they could have in stating my stop loss? And what food business practice are they following Is known only for them. Statistics for the trades is fake and they know this very well. Find manager Is clearly supporter by the broker in trading against our interests. My blog shows update with concrete facts that are based on the log files from MT4 provider by the broker and not available on the portal. Criminals. Full stop
Reply by LQDFX Representative submitted Jun 11, 2020:
Dear DnIvTod,

Thank you for your feedback.

Please allow us to add some more details to your review.

First of all, let us clarify that all Fund Managers are independent clients, same as you are, using a service we provide. We neither collaborate with any of the Fund Managers nor get involved in their trading strategy.

It is necessary to mention that you agreed to the Terms and Conditions as well as the LPOA. Additionally, you were well aware of the locked withdrawals function prior to investing as it is highlighted in big red letters. The conditions were clear, and you chose to proceed. Now, you are asking us to detach your account. By doing so we would be violating the Terms with the Fund Manager, which had been accepted and agreed by you during open positions.

At any point you had the opportunity not to do so, that is not to proceed. Alternatively, you could have contacted our PAMM department to receive more information on this subject. We would have happily assisted you with making a decision.

What we did was an observation on your account when you first contacted us expressing that you are not happy with the account progress. Ups and downs in trading are a normal occurrence, as with any other type of investment. The downs at that time were very low.

In regard to your trading history, the data is correct. We have, by now, already sent your MT4 trading statement on two occasions and the figures clearly match with the figures in your Client Area. So, we are unsure how do you consider this data fake.

Kind Regards,

Official Representative
khalid younas,
Virginia USA, USA,
May 30, 2020,

Very professional .

Service use: Live

Length of use: over 1 Year

from last couple of months i have been trading with lqd. still haven't any major problem , the customer service is really excellent, bonus is usable with no restrictions but sometimes the trading spreads are wide when one sessions closes before the other session oppening , but that is normal with all broker.
May 12, 2020,

Decent Broker

Service use: Live

Length of use: 0-3 Months

Decent broker to start off with but I dont recommend you stick with them , better off with a regulated broker. They like to gap allot during Asian open plus you get hit with insane spreads sometimes so they skim your profits a bit.
Reply by LQDFX Representative submitted May 18, 2020:
Dear Michael,

Thank you for taking the time to post this review, we appreciate your feedback.

We are sad to read that based on your short trading experience with us you are not recommending us as a long-term broker. We have a great deal of happy clients, who have been with us for years, some even since day one.

In regards to spread widening and gaps at times, kindly note that this is not something that we control as the feed comes straight from the liquidity provider. Moreover, the global crisis has a significant impact on the markets, particularly affecting the spreads on some instruments.

You could have received a detailed answer, had you contacted our trading department. Our dedicated expert agents are always there to assist our clients.

LQDFX Team wishes you all the best in your trading future and we hope to welcome you back again in the near future.

Kind Regards,

Official Representative
Sydney, Australia,
May 11, 2020,

Well Experience

Service use: Live

Length of use: 3-6 Months

It hasn't been so long I joined lqdfx broker, my mentor recommended lqd to me. The documentation process was relatively quick, the backoffice and support is kind and helpful. I had several questions before I start trading so on live chat they suggested to arrange a phone call for me. Spoke to a kind gentleman who answered all my questions and helped me with funding my account, that's what I call good service. So far I am happy with the platform as well, will update about withdrawing if any issues occur.
Md Alamin ashik,
Seoul, Korea, Republic of,
May 5, 2020,

1st withdrawal complete.

Service use: Live

Length of use: 0-3 Months

First withdrwal is done successfully after joining lqdfx broker. Despite being short amount, I thought i would have to stay long for the money to get but my thought came wrong. They have done their job magnificently. However, i strongly hope they will be providing quick response about withdrwal like this in future even in case of big amount of wothdrawl. I am really satisfied with it.
Wash, DC, USA,
Apr 30, 2020,


Service use: Live

Length of use: 0-3 Months

This broker has scammed me in a major way this morning. My account has been very profitable every day for over a month now. Today they closed out a trade that did not hit margin or a stop loss. They have also manipulated the candles on EURUSD H4. I sent them 6 different charts at the same time from 6 other brokers. They are all the time. The LQDFX chart was totally different. Its caused me to lose so much money with my trading method. I have emailed support with the evidence. The best evidence I gave them was a screenshot from a friend of mine using them, and the candles were SO DIFFERENT from mine. This broker has serious explaining to do. At minimum, I wish to get all my money back. This is just wrong and unethical. Stay away from LQDFX.
  3 traders have found this review helpful
Reply by LQDFX Representative submitted May 4, 2020:
Dear KB,

Thank you for taking the time to post this review.

We are unaware of what manipulation you are referring to.

First of all, please note that our charts and candles are formed according to our server time, which is currently Summer time GMT+1. Brokers can have varied server times depending on the location of their server.

As of the screen shot which you claim is taken from a client of ours, unfortunately, we are unable to confirm whether this is our platform or not, as the screen shot consists of a small part of a chart, with no further details. Please ask your friend to take a full platform screen shot, as to be able to identify that it is in fact our chart and send it to us.

In regards to the trade that you mention, we assume you are referring to the same trade mentioned in your email, which was closed due to stop out. Unfortunately, the trade placed by your EA did not go in your favour, you did not have enough equity to sustain the draw-down, thus you got stopped out. Please see your account history for more details.

We are confused as to why do you consider this as manipulation.

Furthermore, charts are not being manipulated, as you describe. During that profitable month you had, the trading conditions were absolutely the same, which turned out in your favour as your EA's strategy was profitable. However, when the market went against you, you blamed the candles.

With all due respect, we are always happy to honour clients, if it's clear that there is an issue on our end. However, in your case there is no error, as explained above.

Kind Regards,

Official Representative
Maryland, USA,
Apr 25, 2020,
Registered user

Best offshore broker I've used

Service use: Live

Length of use: 3-6 Months

Personally, I have nothing but good things to say. It did take a couple of tries to get verified, but that's no problem.

The first time I withdrew, I got my money early the next morning. Same for every other time I withdrew (except for weekends, but that is to be expected.)

The spreads aren't too bad. I've been hesitant to use any offshore broker other than FXChoice, but darn is LQDFX killing it.

The deposits have to be exact when depositing in crypto, which i think is cool because it gives you a precise number to enter into your crypto wallet. I hope that LQDFX is here for years to come, because I withdraw right to Cashapp, and I can get my profits very quickly. Don't stop serving us americans, LQDFX! I trust my money with them and will deposit something substantial next week.
Essen, Germany,
Apr 24, 2020,
Registered user

Scamming. Profits will not be paid out

Service use: Live

Length of use: 0-3 Months

At the beginning of March in the turbulent market phase I achieved very high profits. Then I got an email that my account is under observation. I could neither trade nor withdraw my profits. One day later I received another mail with the information that my account is blocked and deleted. All profits (150k) were retained. On various inquiries I got only unspecific reasons. Supposedly I had done arbitrage trading. And that is simply wrong. It was scalping. The average trade duration was 2-3 minutes.
Also on further inquiries I was not given any further reasons. Also no evidence or something similar.

As soon as you make high profits with LQDFX, your account will be deleted.

So be very careful.
They are scammers.

Apr 13, 2020 - 1 Star I can only disadvise this broker. It is by far the most unreliable broker yet.

At the beginning of March 2020 I made very large profits in the turbulent market situation.
Then it became very strange.
First I got an email that my account is under observation (allegedly from their Liquidity Partner). One day later my account was deleted, and my profits (150k) were simply held back. I was only told that I had done arbitrage. Without further explanation. Also, no evidence or explanations were sent to me in response to various follow-up questions.
I had pointed out several times that with an average trade duration of 2-3 minutes, there can be no talk of arbitrage, but rather of scalping. All this was ignored. My profit was gone and my account deleted.

Therefore: Hands off this broker!

As long as you don't make high profits, everything will go well. But as soon as you have large profits, they are not paid out.


Reply by LQDFX Representative submitted Apr 15, 2020 Dear piand,

Thank you for taking the time to post this review.

Even though you have chosen to remain unidentified, we are very well aware of your case. Further to our previous email correspondence, let me add some more details to your review.

The trading strategy of your EA was evidently proven to be arbitrage, thus violating our trading Terms and Conditions. Moreover, a proof was provided to you.

Furthermore, we are quite positive it is not your first time being in such situation, as we received a confirmation from our Liquidity provider that such activity had happened previously and were well aware of arbitrage trading being taken from the same IP address. With this being said, a possible case where you were not aware that your EA's strategy is in violation, does not stand up.

In addition to the above, our LP is also aware of the arbitrage software and the provider that sells it, which is apparently on their black list.

As an STP broker, we welcome scalping and scalping is allowed, but arbitrage is not.

Should you have any further inquiries, please feel free to contact trading@lqdfx.com

Kind Regards,


Official Representative

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.