LQDFX Review 2025: Navigating the Pros and Cons of an Offshore Forex Broker

Overview

LQDFX is an online forex and CFD broker that was established in 2015. Headquartered in the Marshall Islands, LQDFX is owned and operated by LQD LLC. Despite its relatively short history, the broker has managed to establish a global presence and has received recognition as the "Best ECN Broker" and "Most Reliable Broker" in 2017.

LQDFX employs a straight-through processing (STP) and no dealing desk (NDD) execution model, providing traders with direct market access and competitive trading conditions. The broker offers a range of account types, including Micro, Gold, ECN, VIP, and Islamic accounts, catering to various trading styles and preferences.

Traders can access a wide array of financial instruments, including 71 forex pairs, precious metals, indices, commodities, cryptocurrencies, and stocks. LQDFX provides the popular MetaTrader 4 (MT4) trading platform, which is equipped with advanced charting tools, technical indicators, and automated trading capabilities.

While LQDFX boasts competitive spreads starting from 0.1 pips and leverages up to 1:500, it is essential to note that the broker is not licensed or regulated by any financial authority. This lack of regulatory oversight may raise concerns regarding fund security and dispute resolution.

For more information about LQDFX's services, trading conditions, and account types, visit their official website at https://www.lqdfx.com/.

Overview Table

 

Attribute	Details
Broker	LQDFX
Established	2015
Headquarters	Marshall Islands
Owner	LQD LLC
Trading Platforms	MetaTrader 4 (MT4)
Minimum Deposit	$20 (Micro and Islamic accounts)
Regulation	Unregulated
Instruments	Forex, CFDs, Precious Metals, Indices, Commodities, Cryptocurrencies, Stocks
Accounts	Micro, Gold, ECN, VIP, Islamic
Spreads	From 0.1 pips (ECN and VIP accounts)
Leverage	Up to 1:500 (Micro account)
Payment Options	Credit/Debit Cards, PayRedeem, Cryptocurrencies
Customer Support	24/5 via live chat, email, and phone

 

Facts List

1. LQDFX was established in 2015 and is based in the Marshall Islands.
2. The broker is owned and operated by LQD LLC.
3. LQDFX uses a straight-through processing (STP) and no dealing desk (NDD) execution model.
4. Traders can choose from five account types: Micro, Gold, ECN, VIP, and Islamic.
5. The minimum deposit for Micro and Islamic accounts is $20, while Gold and ECN accounts require $500, and VIP accounts require $25,000.
6. LQDFX offers the MetaTrader 4 (MT4) trading platform with advanced charting tools and technical indicators.
7. The broker provides access to various financial instruments, including 71 forex pairs, precious metals, indices, commodities, cryptocurrencies, and stocks.
8. Spreads start from 0.1 pips on ECN and VIP accounts, and Micro, Gold, and Islamic accounts are commission-free.
9. Maximum leverage varies by account type, with the Micro account offering up to 1:500 and the VIP account offering up to 1:100.
10. LQDFX is not licensed or regulated by any financial authority, which may raise concerns about fund security and dispute resolution.

LQDFX Licenses and Regulatory

LQDFX is an unregulated forex and CFD broker, meaning it does not hold any licenses or operate under the supervision of any financial regulatory authority. The lack of regulatory oversight is a significant concern for traders, as it raises questions about the broker's compliance with industry standards, client fund security, and overall trust.

Regulated brokers are required to adhere to strict guidelines set by their respective regulatory bodies, which may include regular audits, segregation of client funds, and transparent reporting. These measures are put in place to protect traders' interests and ensure a fair and secure trading environment.

The absence of regulation exposes traders to potential risks, such as mishandling of funds, lack of recourse in case of disputes, and inadequate protection against fraudulent activities. While LQDFX claims to follow certain industry practices, such as segregating client funds and offering negative balance protection, these claims cannot be independently verified without regulatory supervision.

 

Regulations List

• LQDFX does not hold any licenses with financial regulatory authorities.

Trading Instruments

LQDFX offers a diverse range of tradable assets, allowing traders to access various financial markets through a single platform. The broker provides access to over 100 instruments across multiple asset classes, including forex, precious metals, indices, commodities, cryptocurrencies, and stocks.

 

Instrument	Details
Forex	71 currency pairs (major, minor, exotic). Popular pairs include EUR/USD, GBP/USD, USD/JPY. Exotic pairs include USD/ZAR, USD/TRY. Competitive spreads from 0.1 pips (ECN & VIP accounts).
Precious Metals	Gold, Silver, Platinum, Palladium (traded as spot contracts).
Indices	12 stock indices CFDs, including S&P 500, NASDAQ 100, FTSE 100, DAX 30, Nikkei 225.
Commodities	4 commodity CFDs, including crude oil and natural gas.
Cryptocurrencies	13 cryptocurrency CFDs, including Bitcoin, Ethereum, Litecoin, and Ripple.
Stocks	37 stock CFDs from major companies like Apple, Amazon, Facebook, Google, and Tesla.

 

The diversity of tradable assets offered by LQDFX caters to a wide range of trading preferences and strategies. By providing access to multiple markets through a single platform, the broker enables traders to diversify their portfolios and take advantage of opportunities across various sectors and asset classes.

Trading Platforms

LQDFX offers its clients the popular MetaTrader 4 (MT4) trading platform, which is widely recognised as the industry standard for forex and CFD trading. MT4 is a powerful and user-friendly platform that caters to both beginners and experienced traders, providing a comprehensive suite of tools and features for effective trading and analysis.

MetaTrader 4 (MT4)

MT4 is a versatile platform that offers a range of features to enhance the trading experience. The platform supports multiple languages, making it accessible to traders worldwide. It also provides advanced charting capabilities with 30+ built-in technical indicators and 9 timeframes, allowing traders to perform in-depth market analysis and identify potential trading opportunities.

One of the key advantages of MT4 is its support for automated trading through Expert Advisors (EAs). EAs are programmable trading scripts that can execute trades automatically based on predefined rules and strategies. This feature is particularly useful for traders who prefer a more hands-off approach or those who wish to implement complex trading algorithms.

MT4 also offers a range of risk management tools, such as stop-loss and take-profit orders, which help traders manage their positions and limit potential losses. The platform's user-friendly interface and customisable layout make it easy for traders to navigate and personalise their trading environment.

For mobile trading, LQDFX offers the MT4 mobile app for both iOS and Android devices. The app provides a streamlined trading experience, allowing users to monitor their accounts, execute trades, and manage their positions directly from their smartphones or tablets.

 

 

Trading Platforms Comparison Table

 

Feature	Details
Platform	MT4
Operating System	Windows, Mac
Web-based	✓
Mobile App	✓
Programming Language	MQL4
Automated Trading (EAs)	✓
Indicators	30+
Timeframes	9
Drawing Tools	✓
One-Click Trading	✓
Hedging	✓
Scalping	✓
Customizable Interface	✓

 

LQDFX How to Open an Account: A Step-by-Step Guide

Opening an account with LQDFX is a straightforward process that can be completed online in just a few steps. Follow this guide to get started with trading on the LQDFX platform.

Step 1: Visit the LQDFX website Go to the official LQDFX website at https://www.lqdfx.com/ and click on the "Open Account" button located in the top right corner of the homepage.

Step 2: Choose your account type Select the account type that best suits your trading needs and experience level. LQDFX offers five account types: Micro, Gold, ECN, VIP, and Islamic. Review the features and requirements for each account type before making your selection.

Step 3: Fill out the registration form Complete the online registration form by providing your personal information, such as your name, email address, phone number, and country of residence. You will also need to create a secure password for your account.

Step 4: Verify your account To comply with anti-money laundering (AML) and know-your-customer (KYC) regulations, LQDFX requires clients to verify their accounts by submitting proof of identity and proof of residence. You will need to upload a copy of your government-issued ID, such as a passport or driver's license, and a recent utility bill or bank statement that shows your current address.

Step 5: Fund your account Once your account has been verified, you can make your initial deposit using one of the accepted payment methods. LQDFX accepts credit/debit cards, PayRedeem, and cryptocurrencies. The minimum deposit required varies depending on the account type you selected, ranging from $20 for Micro and Islamic accounts to $25,000 for VIP accounts.

Step 6: Download the trading platform After your account has been funded, download and install the MetaTrader 4 (MT4) trading platform provided by LQDFX. You can choose between the desktop, web, or mobile versions of the platform based on your preferences.

Step 7: Start trading Once you have installed the trading platform and logged in using your account credentials, you can start trading the various financial instruments offered by LQDFX, including forex, precious metals, indices, commodities, cryptocurrencies, and stocks.

Account Opening Requirements

• Minimum age: 18 years old
• Valid government-issued ID (passport, driver's license, or national ID card)
• Proof of residence (utility bill, bank statement, or other official document with your name and address)
• Minimum deposit (varies by account type)

Accepted Payment Methods

• Credit/Debit Cards (Visa, Mastercard)
• PayRedeem
• Cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash)

Processing Times

• Credit/Debit Cards: Instant to 30 minutes
• PayRedeem: Instant
• Cryptocurrencies: Instant

Charts and Analysis

LQDFX provides its clients with a range of educational resources and trading tools to support their trading journey and help them make informed decisions. These resources cater to traders of all experience levels, from beginners seeking to learn the basics of trading to advanced traders looking to refine their strategies and stay up-to-date with market developments.

 

Category	Details
Trading Platform Tools	MT4 platform with 30+ technical indicators (moving averages, oscillators, volatility indicators). Advanced charting with 9 timeframes. Drawing tools for trend lines, support/resistance levels.
Economic Calendar	Real-time updates on market events, including central bank meetings, GDP releases, and inflation reports. Filter by currency, importance, and time period. Helps traders anticipate market movements.
Educational Resources	Video Tutorials: Covers MT4 features, trading strategies, and risk management. E-books: In-depth PDFs on forex trading, technical analysis, and market psychology. Articles: Market news, trading tips, and analysis techniques. Glossary: List of trading terms and definitions.

 

While LQDFX's educational resources provide a solid foundation for traders to build upon, the broker's offerings may not be as extensive as some of its competitors. Some well-established brokers invest heavily in developing comprehensive educational programs, including live webinars, one-on-one coaching, and interactive courses.

However, LQDFX's focus on providing essential resources and tools within its trading platform demonstrates the broker's commitment to supporting its clients' trading needs. By offering a combination of technical tools, market insights, and educational materials, LQDFX aims to empower traders to make informed decisions and develop their skills over time.

LQDFX Account Types

LQDFX offers a range of trading account types designed to cater to the diverse needs and preferences of traders at various levels of experience and with different trading styles. The broker provides five main account types: Micro, Gold, ECN, VIP, and Islamic, each with its own set of features and benefits.

Micro Account

The Micro Account is an entry-level account suitable for beginner traders or those who prefer to trade with smaller positions. This account type has a low minimum deposit requirement of just $20, making it accessible to a wide range of traders. Micro Account holders can trade with leverage up to 1:500 and have access to all the tradable assets offered by LQDFX. The spreads on this account type start from 1 pip, and there are no commission fees.

Gold Account

The Gold Account is designed for more experienced traders who are looking for tighter spreads and higher trading volumes. The minimum deposit for this account type is $500, and traders can access leverage up to 1:300. Gold Account holders enjoy spreads starting from 0.7 pips and can trade up to 40 lots per position. Like the Micro Account, there are no commission fees on the Gold Account.

ECN Account

The ECN Account is an advanced account type that offers direct market access and highly competitive trading conditions. This account requires a minimum deposit of $500 and provides leverage up to 1:300. ECN Account holders benefit from tight spreads starting from 0.1 pips, but a commission of $3.50 per lot traded is applied. This account type is suitable for experienced traders who prioritise speed of execution and raw market spreads.

VIP Account

The VIP Account is tailored for high-net-worth individuals and professional traders who demand the best trading conditions and exclusive services. The minimum deposit for this account type is $25,000, and leverage is capped at 1:100. VIP Account holders enjoy spreads starting from 0.1 pips and a reduced commission of $2.50 per lot traded. In addition to preferential trading conditions, VIP clients receive dedicated account management and priority customer support.

Islamic Account

The Islamic Account is designed to comply with Sharia law, which prohibits the payment or receipt of interest. This account type is swap-free, meaning that no overnight interest charges are applied to positions held open overnight. The Islamic Account has a minimum deposit of $20 and offers leverage up to 1:300. Spreads start from 0.7 pips, and there are no commission fees. This account type is suitable for Muslim traders who wish to trade in accordance with their religious beliefs.

Demo Account

In addition to the live trading account types, LQDFX also offers a demo account that allows traders to practise trading in a risk-free environment using virtual funds. The demo account mimics real trading conditions and provides access to all the tradable assets and platform features available on live accounts. This account type is ideal for beginners who want to familiarise themselves with the trading platform and test their strategies before committing real funds.

LQDFX's range of account types caters to the diverse needs of traders, from novices to professionals. The broker's competitive trading conditions, including tight spreads, flexible leverage, and low minimum deposit requirements, make it an attractive choice for traders seeking a reliable and cost-effective trading environment.

 

Account Types Comparison Table

Feature	Micro	Gold	ECN	VIP	Islamic
Min. Deposit	$20	$500	$500	$25,000	$20
Leverage	1:500	1:300	1:300	1:100	1:300
Spread	From 1	From 0.7	From 0.1	From 0.1	From 0.7
Commissions	No	No	$3.50/lot	$2.50/lot	No
Max. Trade Size	5 lots	40 lots	40 lots	Unlimited	40 lots
Swap-Free	No	No	No	No	Yes
Execution	Instant	Instant	Market	Market	Instant
Assets	All	All	All	All	All

Negative Balance Protection

LQDFX offers negative balance protection to all its clients, regardless of their account type or trading volume. This policy ensures that traders cannot lose more than the funds available in their trading account, even in extreme market conditions. If a trader's position incurs losses that exceed their account balance, LQDFX will absorb the excess loss and reset the account balance to zero. This means that traders will not owe any money to the broker and can continue trading with peace of mind, knowing that their risk is limited to the funds they have deposited. It is important to note that negative balance protection does not prevent losses from occurring; it only limits the potential loss to the available account balance. Traders should still exercise caution and employ sound risk management strategies, such as setting appropriate stop-loss orders and managing their position sizes, to minimise the likelihood of excessive losses.

Terms and Conditions

To benefit from LQDFX's negative balance protection, traders must adhere to the broker's terms and conditions. This includes:

1. Trading responsibly and not engaging in any abusive or manipulative trading practices.
2. Maintaining sufficient margin in their account to support their open positions.
3. Regularly monitoring their account balance and open positions to ensure they are within their risk tolerance.

LQDFX Deposits and Withdrawals

LQDFX offers a range of deposit and withdrawal options to facilitate the smooth transfer of funds to and from traders' accounts. The broker aims to provide convenient, secure, and efficient payment methods to cater to the diverse needs of its global client base.

Deposit Methods

LQDFX accepts the following deposit methods:  

Payment Method	Details
Credit/Debit Cards (Visa, Mastercard)	Instant funding with Visa or Mastercard. Minimum deposit: $20. No fees from LQDFX, but card issuers may charge international transaction fees.
PayRedeem	Online payment gateway supporting various local payment methods. Minimum deposit: $20. Instant transactions with no fees from LQDFX.
Cryptocurrencies	Accepted: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH). Minimum deposit: $20. Instant transactions with no fees from LQDFX.

 

Withdrawal Methods

LQDFX supports the following withdrawal methods:  

Withdrawal Method	Details
Credit/Debit Cards (Visa, Mastercard)	Minimum withdrawal: $20. Fixed fee: $10 per transaction. Processing time: 1-2 business days.
PayRedeem	Withdraw to local bank accounts or e-wallets. Minimum withdrawal: $20. No fees. Processing time: 1-2 business days.
Cryptocurrencies	Withdrawals are supported in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH). Minimum withdrawal: $20. No fees. Processed instantly (subject to blockchain confirmation times).

 

Deposit and Withdrawal Policies

To ensure the security of traders' funds and comply with anti-money laundering (AML) regulations, LQDFX implements the following policies:

1. Account Verification: Traders must complete the account verification process by submitting proof of identity and proof of residence documents before they can make a withdrawal. This process typically takes 1-2 business days.
2. Withdrawal to Original Source: LQDFX processes withdrawals to the same payment method and account used for the initial deposit. If the original payment method is no longer available, traders must contact customer support to arrange an alternative withdrawal method.
3. Withdrawal Limits: LQDFX does not impose any maximum withdrawal limits. However, traders should be aware of any limits or restrictions imposed by their chosen payment provider.

By offering a diverse range of deposit and withdrawal options, LQDFX ensures that traders can efficiently manage their funds and focus on their trading activities. The broker's commitment to security and compliance provides traders with peace of mind, knowing that their funds are safeguarded and transactions are processed in a timely manner.

Support Service for Customer

Reliable customer support is a crucial aspect of the online trading experience, as it provides traders with the assistance and guidance they need to navigate the complex world of financial markets. A responsive and knowledgeable support team can help traders resolve issues, answer questions, and make informed decisions, ultimately contributing to a positive trading experience. LQDFX understands the importance of customer support and offers several channels through which traders can reach out for assistance:

• Live Chat: Traders can access the live chat feature directly from the LQDFX website. This service is available 24/5, allowing traders to get instant support during trading hours.
• Email: Traders can send their enquiries to support@lqdfx.com and expect a response within 24 hours. This channel is suitable for less urgent matters or detailed queries that require a written response.

• Phone: LQDFX provides a dedicated support line at +44 208 064 1038, which traders can call during business hours to speak directly with a support representative.
• Social Media: Traders can reach out to LQDFX's customer support team through the broker's official Facebook and Instagram pages. While response times may vary, this channel is suitable for general enquiries and updates.

LQDFX's customer support team is available 24/5, catering to traders in various time zones. The support team is multilingual and can assist traders in English and Arabic. For country-specific support or assistance in other languages, traders can reach out to the support team via email or phone to enquire about available options. The average response time for live chat enquiries is 5-10 minutes, ensuring that traders can get prompt assistance when needed. Email and social media enquiries are typically responded to within 24 hours, while phone calls are usually answered within a few minutes during business hours.    

Customer Support Comparison Table

Channel	Availability	Languages	Response Time
Live Chat	24/5	English, Arabic	5-10 minutes
Email	24/7	Multilingual	Within 24 hours
Phone	24/5	English, Arabic	Within minutes during business hours
Social Media	24/7	English	Within 24 hours
FAQ Section	24/7	English	Instant self-help

 

Prohibited Countries

LQDFX is an international online broker that aims to provide its services to a wide range of clients worldwide. However, due to various legal, regulatory, and operational constraints, the broker is prohibited from offering its services in certain countries and regions.

The primary reason behind these restrictions is the complex and varied regulatory landscape governing the provision of financial services in different jurisdictions. Each country has its own set of laws and regulations that dictate the requirements for brokers to operate legally within its borders. These regulations may include licensing requirements, capital adequacy standards, consumer protection measures, and anti-money laundering (AML) and know-your-customer (KYC) procedures.

In some cases, the cost and complexity of complying with local regulations may make it unfeasible for LQDFX to offer its services in certain countries. Additionally, geopolitical factors, such as international sanctions or economic embargoes, may also restrict the broker's ability to operate in specific regions.

To ensure compliance with these regulations and to avoid potential legal and financial risks, LQDFX has established a list of prohibited countries where it does not accept clients or provide its services. As of 2025, LQDFX does not offer its services to citizens or residents of the following countries:

• United States
• Canada
• European Economic Area (EEA) countries
• Japan
• Australia
• New Zealand
• North Korea
• Iran
• Cuba
• Syria
• Sudan
• Crimea region of Ukraine

Special Offers for Customers

LQDFX provides a range of special promotions and offers designed to attract new clients and reward existing traders for their loyalty. These offers can help traders maximize their trading potential and enhance their overall experience with the broker. However, it is essential to carefully review the terms and conditions associated with each promotion to ensure a clear understanding of the requirements and limitations.

100% Deposit Bonus

One of the most attractive offers provided by LQDFX is the 100% deposit bonus. This promotion is available to all new and existing clients who make a deposit of at least $250 into their trading account. The bonus amount is credited automatically and can be used to open and maintain trading positions.

The 100% deposit bonus is subject to certain terms and conditions. Traders must complete a specified trading volume requirement before they can withdraw the bonus funds or any profits generated from trading with the bonus. The trading volume requirement is calculated based on the size of the bonus, with a higher bonus amount resulting in a higher trading volume requirement.

For example, if a trader deposits $1,000 and receives a 100% bonus of $1,000, they would need to achieve a trading volume of 10 million USD (100 lots) before they can withdraw the bonus funds. The bonus is valid for 60 days from the date of deposit, during which time the trader must meet the trading volume requirement.

Refer a Friend Program

LQDFX also offers a refer a friend program that rewards traders for introducing new clients to the broker. Under this program, the referring trader receives a bonus of $50 for each friend they refer who opens a live trading account and meets the minimum deposit and trading volume requirements.

To participate in the refer a friend program, traders must have a live trading account with LQDFX and share their unique referral link with their friends. The referred friend must use the referral link to open a new account and make a minimum deposit of $250. The referred friend must also achieve a trading volume of at least 5 lots within 30 days of opening their account.

The $50 referral bonus is credited to the referring trader's account once the referred friend meets the requirements. There is no limit to the number of friends a trader can refer, allowing for the potential to earn significant rewards.

Trading Competitions

LQDFX periodically hosts trading competitions that offer traders the chance to win cash prizes and other rewards. These competitions typically involve trading a specific instrument or asset class over a designated period, with prizes awarded based on trading performance.

The terms and conditions of each trading competition vary, so traders should carefully review the rules and requirements before participating. Some competitions may require a minimum deposit or trading volume, while others may be open to all clients.

Traders can stay informed about upcoming trading competitions by regularly checking the promotions section on LQDFX's website or by subscribing to the broker's email newsletter.

Conclusion

After conducting an in-depth review of LQDFX, I have come to the conclusion that while the broker offers some attractive features and trading conditions, there are significant concerns that potential clients should be aware of before deciding to open an account with them.

One of the primary red flags is LQDFX's lack of regulation. As an unregulated broker operating from the Marshall Islands, LQDFX is not subject to the same oversight and consumer protection measures as brokers licensed by reputable regulatory bodies such as the FCA, CySEC, or ASIC. This absence of regulatory supervision raises questions about the safety and security of client funds, as well as the broker's adherence to industry best practices and standards.

While LQDFX claims to implement measures such as segregated client accounts and negative balance protection, without the enforcement of a regulatory authority, there is no guarantee that these policies are consistently applied or maintained. This lack of transparency and accountability is a significant risk factor that traders should carefully consider.

Another area of concern is LQDFX's limited range of deposit and withdrawal options, which primarily consist of credit/debit cards, PayRedeem, and cryptocurrencies. The absence of popular e-wallets like Skrill and Neteller, as well as the option for bank wire transfers, may be inconvenient for some traders. Additionally, the $10 withdrawal fee for credit/debit card transactions is relatively high compared to industry standards.

On a positive note, LQDFX does offer competitive trading conditions, including tight spreads, high leverage, and low minimum deposit requirements for its Micro and Islamic accounts. The broker provides access to a decent range of tradable assets, including 71 currency pairs and various CFDs on precious metals, indices, commodities, cryptocurrencies, and stocks. The MetaTrader 4 platform, although lacking some of the advanced features of its newer iteration, MT5, is still a reliable and user-friendly trading interface.

LQDFX's educational resources, while not as extensive as those offered by some competitors, provide a solid foundation for beginner traders to build upon. The broker's customer support is available 24/5 through multiple channels, ensuring that clients can receive assistance when needed.

However, these positive aspects do not outweigh the substantial risks associated with trading with an unregulated broker. The potential for fraud, mismanagement of funds, and lack of recourse in the event of disputes should be serious considerations for any trader evaluating LQDFX as a potential broker.

In conclusion, while LQDFX may appeal to some traders due to its competitive trading conditions and bonus offers, I strongly advise caution and recommend that traders prioritize the security and safety of their funds by opting for a well-regulated broker with a proven track record of reliability and transparency. The peace of mind and protection afforded by a reputable regulatory framework far outweigh any potential short-term benefits offered by an unregulated broker like LQDFX.

 

LQDFX FAQs