LQDFX review 2023

LQDFX is aimed at forex traders in particular as most of its trading instruments revolve around the leading currency pairs. Use this review to learn more about LQDFX and to decide whether you should sign up.

What can I do with LQDFX?

LQDFX is best for trading forex, although you can trade some indices and commodities on the platform as well. There are five different account types that cater for different levels of experience, including a free demo account that hands you $100,000 of virtual money to help you learn the ropes.

Alongside the demo account there is a lot of educational material to help beginners and professional traders alike. In terms of actual trading features, there is a multi-lingual support system, tight spreads, and low commissions.

LQDFX markets, assets, and options

What assets and products can you trade on LQDFX?

LQDFX is primarily a forex broker and offers just under 100 instruments to trade, including 71 forex pairs like EUR/USD and EUR/GBP, 12 indices, and 5 commodities.

What leverage trading options are there?

Trading with LQDFX allows you to operate at different leverage levels, depending on the type of account you open. Starting with a micro account, for which the maximum leverage is 1:500, while the Gold, ECN, and Islamic accounts have maximum leverage of 1:300.

Keep in mind that trading with leverage requires deep knowledge and understanding because it often results in loss even for experienced traders. 

What are the spreads?

LQDFX charges variable spreads depending on the type of account you open. Spreads can start from as little as 0 pips and go over 46.7 pips for some exotic pairs like GBP/HUF. For indices, spreads can go as high as 212 pips when trading with a micro account. 

Clients who wish to open another type of account benefit from preferential spreads like 0.5 pips for the EUR/GBP pair and 0.1 pips for the GBP/USD pair. All spreads are detailed on the company’s website and can be consulted and compared at any time.

Fees, limits, and payment options on LQDFX

What are the deposit and withdrawal fees, limits, and speeds?

LQDFX account holders have a variety of options available with advantageous rates. All deposits and withdrawals are free, unless you choose to use your debit/credit card or make a bank transfer.

How much are LQDFX’s fees and commissions?

LQDFX offers traders a no-fee policy on most tradable assets, which means your only charge is the spread and no additional commissions or fees apply. Traders who open a Micro, Gold, or Islamic account benefit from a $0 commission on forex, while ECN account members pay a commission of only $3.50 per 100,000 units traded.

There is no inactivity fee charged either, which makes LQDFX one of the most affordable and transparent brokers on the market.

LQDFX trade sizes and limits

The minimum accepted trade size is the same for all assets but the maximum lot you can trade varies by account type. Micro account users are limited to only 5 lots per trade, while Gold account users enjoy maximum trade sizes of up to 40 lots, and VIP account holders have no trade size limit.

LQDFX trading platform

What devices can I use LQDFX on?

LQDFX offers full MetaTrader 4 integration, which is available for download onto your Windows desktop as well as onto your mobile device.

• Desktop (Windows)
• Tablet
• iOS mobile device
• Android mobile device

Can I use LQDFX in my country?

LQDFX states that it is available in 194 countries worldwide, including the UK, Australia, South Africa, and Germany. Select your country from the list below to see if it is available where you are.

Is LQDFX available in my language?

LQDFX currently supports 15 different languages, including English, Spanish, Italian, and French. Select your language from the list below.

How easy is it to use LQDFX?

LQDFX offers complete integration with MetaTrader 4, one of the most popular trading platforms currently available. The interface is familiar, although it feels a bit outdated at this point. However, you can still trade in one-click and trade execution is ultra fast. You can trade on your desktop or on your mobile for added convenience.

LQDFX also empowers new traders with a free demo account to begin learning the ropes as well as free educational courses, including an in-depth beginner’s course.

Key features

LQDFX is an award winning broker with many resources and features, here are a few.

STP execution

Straight-Through Process (STP) means that LqdFX processes all trades without manual intervention. This means that LQDFX has no conflict of interest between itself and its clients. 

Educational tools

LQDFX offers a series of useful learning tools that include webinars, guides, trading strategy reviews, and ebooks, all meant to improve trader’s understanding and knowledge of the market.

Negative balance protection

In the event where the market is volatile and causes a trader’s balance to enter into negative territory, LQDFX will ensure the trader is fully covered and doesn’t experience any losses over and above his actual account balance.

Security and regulation

Is LQDFX safe?

LQDFX complies with all international anti-money-laundering practices and provides full client account segregation with all funds held at Tier-1 banks from across Europe.

Am I and my funds protected?

All deposits held in LQDFX accounts by traders are kept in segregated bank accounts from the broker’s own funds. For an added layer of security, all LQDFX  deposits are held at Tier-1 banks.

Is LQDFX regulated?

No, although LQDFX is not a regulated entity, all legal documents are publicly accessible on their website, including how the broker prevents money laundering and other illegal practices on its platform.

Do I have to verify my account with LQDFX?

Yes, LQDFX follows a KYC (Know Your Customer) policy that requires all clients to submit personal information, including your full name as it appears on your ID and proof of current residential address. Clients who wish to open an Islamic account might be asked to provide documentation that clearly states they practice the Islamic religion.

LQDFX gives the option of opening a demo account where you don’t have to provide personal information, but you won’t be able to trade with real money either.

Extra information

Educational resources 

LQDFX provides access to a series of useful educational resources to help both inexperienced and professional traders. On the broker’s main webpage, under the “Education” tab, you can check for courses, including a beginner’s course. An economic calendar, a chart analysis sub-section, and multiple trade calculators.

Tools and charting

With the MetaTrader 4 (MT4) platform that LQDFX puts at its clients’ disposal, comes a series of tools and charts, designed to assist traders. This includes technical analysis tools, an economic calendar, pivot point, Fibonacci, and deal size calculators. MT4 also provides automated trading and access to advanced trade indicators.

Customer support

LQDFX offers multilingual, 24/5 customer support. There is a live chat option and a dedicated email address where clients can send their requests to. You can also fill in a web form and request a call back from a customer support team member.

Our verdict

LQDFX is a stable broker, with low trading spreads, and plenty of free educational resources, but it comes with some limitations. It was awarded the most reliable broker award in 2017 by theforexawards.com and it lives up to this billing with fast trade execution speeds and tight spreads.

Unfortunately, the tradable assets are limited to under 100 and you cannot trade stocks or cryptos. The trade size limitations are also rather low for non-VIP clients. Although LQDFX trades using MetaTrader 4, there is no integration with another trading platform like MT4 or WebTrader. 

LQDFX also isn’t regulated, but it does a good job of posting all of its legal documentation on its website so prospective clients can see how they protect funds and personal data.

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