As many of you have been asking for LQDFX, we will discuss, what is LQDFX, account opening process and LQDFX Review in brief.
What is LQDFX ?
LQDFX market is a CFD and forex broker, which was founded in 2015. LQDFX is owned and run by LWD Ltd, a company registered in the Marshall Islands
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
76% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Account opening here is simple and fully digital.
There is no minimum deposit required. But it usually takes a long time to verify your account, as it has a bit of a confusing registration process.
What is the minimum deposit at LQDFX?
The required LQDFX minimum deposit is $20. This best suits you if you have low money to start with.
It offers you a demo account loaded with $100,000 to let you try your trading skills with unreal money.
LQDFX Account Types
|Micro Account||ECN Account||Gold Account||VIP Account||Islamic Account|
|Minimum deposit $20||Minimum deposit $500||Min. deposit $500||Minimum deposit $25,000||Minimum deposit $20|
|Typical spread 1 pip||Typical spread 0.1 pips||Spread 0.7 pips||Typical spread 0.1 pips||Typical spread 0.7 pips|
|No commissions||$3.50 per lot commissions||No commissions||$2.50 per lot commissions||No commission|
|Leverage 1:500||Leverage 1:300||A Leverage 1:300||Leverage 1:100||Leverage 1:300|
|Swaps charged||Swaps charged||Swap Charged||Swaps charged||No swaps|
LQDFX fee snapshot
|S&P 500 CFD||The fees are built into the spread, 0.5 points is the average spread cost during peak trading hours.|
|Europe 50 CFD||The fees are built into the spread, 1.6 points is the average spread cost during peak trading hours.|
|EURUSD||The fees are built into the spread, 0.7 pips is the average spread cost during peak trading hours.|
|Inactivity fee||£10 monthly fee after 12 months of inactivity|
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LQDFX CFD fees for a $2,000 long position held for one week
|S&P 500 index CFD fee||$1.5|
|Europe 50 index CFD fee||$1.9|
|Apple CFD fee||$21.5|
|Vodafone CFD fee||$25.2|
LQDFX forex benchmark fees of a $20,000 held for one week
|EURUSD benchmark fee||$8.0|
|GBPUSD benchmark fee||$6.0|
|AUDUSD benchmark fee||$7.1|
|EURCHF benchmark fee||$8.2|
|EURGBP benchmark fee||$9.0|
Trading platform provided by LQDFX is highly customisable and has modern design. It is highly customizable and has good charting tools. It provides two types of trading platforms.
Web Trading Platform
MetaTrader 4, a third-party platform
Web trading platforms are available in 9 different languages.
Mobile Trading Platform
Its mobile trading platform is somewhere same as a web trading platform.
They have similar kinds of the search function and ordering function. The mobile app too has a modern design and is customizable.
It only focuses on trading in CFD and Forex. You can not trade other real-time assets with LQDFX.
LQDFX Product Portfolio
|Currency pairs (#)||71|
|Stock index CFDs (#)||92|
|ETF CFDs (#)||1000|
|Commodity CFDs (#)||16|
Research and Education
LQDFX has good research tools. Its news feed and charting tools are amazing. They used to publish articles and blogs on a continuous basis. Brokers are available to help traders every time. They have good educational tools as well. The live webinars, video lectures and podcasts allow new learners to learn the fundamentals of the market. The video tutorials provide in depth and detailed knowledge of every topic related to the market.
|Negative balance protection||No cryptocurrency trading|
|$20 minimum deposit||No social trade copier|
|Good education center||Offshore registered|
|70+ forex pairs||Fee structure|
|ECN accounts||No VPS|
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You can contact LQDFX via:
- Live chat
- Phone – +44 20 8064 1038
- Email – [email protected]
Is LQDFX Safe?
LQDFX is considered safe because it is regulated by the top tier institutions.
Along with this, it also holds a good financial position and is also listed on the London Stock Exchange.
LQDFX clients are protected under scheme, which is as follows;
LQDFX investor protection
|Country of clients||Protection Amount||Regulator||Legal Entity|
|UK, EU, and countries except below||£85,000||Financial Conduct Authority||LQDFX UK plc, LQDFX Spreadbet plc (for spread betting accounts, available in the UK)|
|Canada||CAD 1,000,000||Investment Industry Regulatory Organization of Canada (IIROC)||LQDFX Canada Inc.|
|Australia||No protection||Australian Securities and Investments Commission||LQDFX Asia Pacific Pty Ltd|
|New Zealand||No protection||Financial Markets Authority||LQDFX NZ Limited Company|
|Singapore||No protection||Monetary Authority of Singapore||LQDFX Singapore Pte Ltd|
The LQDFX Review
LQDFX is a legit CFD broker.
It is beneficial for those who are ready to take risks. As mentioned earlier CFDs are highly complex instruments with 75% of traders being at a loss while trading the same.
Customers are protected under the protection scheme. Hence, before investing must check that you come under scheme or not.
LQDFX provides a free demo account for a lifetime, no minimum investment, no withdrawal fee, and inactivity fee kicks after 3 months. So you can definitely give it a try.