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: | |
| Regulators: | |
| Prohibited countries: | Unknown |
| Trading platforms: | MT4 |
| Mobile Trading: | Yes |
| ECN: | Yes |
| Currencies: | (70+) |
| Cryptocurrencies: | |
| CFD: | (35+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities |
| EAs/Robots: | Yes |
| News Spike Trading: | Yes |
| Scalping: | Yes |
| PAMM: | 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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Traders Reviews
Reliable & Dependable with Good Customer service!
Service use: Live
Length of use: over 1 Year
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!
No problem
Service use: Live
Length of use: 6-12 Months
I have been with lqdfx broker for nearly a year. During this time, I really applied all my trading tactics. Their stp execution always helped me execute a trade on time. Along with that, the flexible leverage is really advantageous to me as I have a relatively small capital, I can sometimes take high leverage to hedge.
1 trader has found this review helpful
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.
I recommend this broker.
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.
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
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,
Mark
Official Representative
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,
Mark
Official Representative
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
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
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,
Mark
Official Representative
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,
Mark
Official Representative
Decent Broker
Service use: Live
Length of use: 6-12 Months
Good broker with high leverage and fast support. The platform and spread is okay, no crypto and stocks so 4 stars
1 trader has found this review helpful
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.
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!!
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
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,
Mark
Official Representative
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,
Mark
Official Representative
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.
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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.
Service use: Live
Length of use: over 1 Year
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