LQDFX is a reputable online forex broker that offers traders access to forex trading, commodities, and indices with tight spreads as low as 0.1 pips. If you’re considering opening an account with LQDFX, we recommend reading this in-depth review to understand its key metrics, including supported markets, fees and commissions, payments, mobile trading apps, user experience, and regulations.

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What is LQDFX?

Established in 2015, LQDFX has emerged as a leading broker in the forex sector, earning recognition as the best ECN broker and the Most Reliable Broker in January 2017. The platform offers traders the option to choose from five different account types, each with varying leverage, maximum trade sizes, and typical spreads. Notably, three out of the five accounts provide commission-free forex trading and access to over 70 currency pairs.

LQDFX supports the renowned MetaTrader 4 (MT4) trading platform, which combines a wide range of trading features and tools with a user-friendly interface, catering to traders of all levels of expertise. LQDFX adopts the Straight Through Processing (STP) execution model, ensuring that trades are executed without any dealing desk manipulations, requotes, or conflicts of interest. All trades are managed by the LQDFX aggregator, which sources optimal prices from several top-tier liquidity banks.

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LQDFX Pros & Cons

Before delving further into this comprehensive LQDFX review, let’s briefly examine the main pros and cons that deserve your attention.

What we like about LQDFX

• Client funds held in segregated accounts with major tier-one banks like Deutsche Bank and HSBC.
• Access to a demo account with $100,000 in virtual funds for simulated trading.
• Five different account types, with the Micro account requiring a minimum deposit of just $20.
• Availability of the popular MT4 trading platform on both desktop and mobile devices.
• Flexible leverage of up to 1:500 for Micro accounts.
• Wide range of supported deposit methods, including bank transfers, credit cards, e-wallets like Skrill and Neteller, Bitcoin and other altcoins, and VLoad.
• Variety of educational resources, including courses, calculators, and chart analysis.

Visit LQDFX’s website today and Trade 71 Different Forex Pairs With Spreads as low as 0.1 Pips.

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What Can You Invest in and Trade on LQDFX?

LQDFX offers trading opportunities in 71 forex pairs, indices, commodities, and metals. The spreads and commission fees vary depending on the account type and market conditions. For instance, trading the EUR/USD forex pair with an ECN account typically incurs a spread of just 0.1 pips, while the same pair with a Micro account has a spread of 1.2 pips.

Forex trading on LQDFX encompasses 71 currency pairs, including majors, minors, and exotics. Micro account holders enjoy the flexibility of trading with leverage of up to 1:500. Leverage allows traders to gain greater market exposure and larger positions, amplifying potential profits while also increasing the risk of losses. Popular currency pairs supported by LQDFX include EUR/GBP, EUR/USD, GBP/USD, USD/CHF, USD/ZAR, and USD/HKD. Additionally, traders can buy and sell precious metals such as gold, silver, platinum, and palladium against fiat currencies.

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Commodities and Indices Trading

LQDFX enables users to trade energy and agricultural commodities, with Micro account spreads ranging from 0.17 to 26.5 pips. When it comes to indices, you can trade popular options like HK50, JP225, STOXX50, UK100, US500, and more, with Micro account typical spreads ranging from 6 to 212 pips.

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LQDFX Fees & Commissions

LQDFX charges relatively low fees and commissions. However, it’s worth noting that spreads and commissions vary based on the chosen account type. Here is an overview of the fees and commissions associated with LQDFX’s five available trading accounts:

Forex trading with a Micro, Gold, or Islamic account is commission-free, as fees are built into the competitive spreads. However, ECN and VIP account holders should be aware that commission fees apply, affecting overall trading costs.

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LQDFX User Experience

The LQDFX website boasts a user-friendly interface and a well-designed structure. During our research, we found it suitable for both novice and advanced traders, with easy navigation through different pages. Opening a live or demo account is a straightforward and fully digital process. After providing your details and uploading necessary documents, account verification typically takes between 20 minutes and 24 hours.

LQDFX provides users with the popular MetaTrader 4 trading platform, developed by MetaQuotes in 2005. Apart from facilitating forex trading, MT4 supports a wide variety of markets, including indices, CFDs, spread betting, and commodities. Traders can customize the MT4 platform to suit their preferences, utilizing automated trading, robo-advisory services, and sophisticated trading algorithms based on predefined parameters.

The MT4 charts offer numerous features and settings for personalized adjustments. LQDFX offers a range of educational materials, including courses, chart analysis, an economic calendar featuring macroeconomic events impacting financial markets, as well as Pivot, Deal Size, and Fibonacci calculators. Overall, LQDFX provides a user-friendly interface, a simple website, and access to the highly regarded MetaTrader 4 trading platform on desktop and mobile devices.

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LQDFX Features, Charting, and Analysis

The fifth-generation MT4 platform stands out for its analytical capabilities. Real-time price charts offer flexibility and functionality, allowing users to customize and modify them to meet their preferences. The platform supports three types of charts: bars, broken line charts, and Japanese Candlestick charts. Users can assign individual colors to different chart items, creating an ideal workspace for long-term trading and analysis.

The MT4 trading terminal includes over 35 technical indicators, such as Bollinger Bands, Moving Average, Parabolic SAR, Ichimoku Kinko Hyo, Alligator, Bulls Power, Bears Power, and more. It also offers analytical tools like Fibonacci and Gann tools. Traders can access a comprehensive forex eBook covering topics such as traders’ psychology, essential concepts and terms, and tips for effective forex trading.

LQDFX Account Types

LQDFX offers five different account types tailored to meet the preferences and needs of various investors. Except for the ECN account, all account types operate under the Straight Through Processing (STP) structure, which sends traders’ orders directly to the market, bypassing a dealing desk.

The five trading accounts available at LQDFX are:

• Micro account
• Gold account
• ECN account
• VIP account
• Islamic account

All accounts provide access to metals, commodities, indices, and forex markets. Leverage, trade sizes, spreads, forex commissions, and minimum deposits vary depending on the chosen account type. Orders executed through all five account types are market orders, executed at the current market price. For a detailed breakdown of spreads, fees, and features of each account type, refer to the LQDFX table provided.

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LQDFX MT4 Mobile App Review

In addition to the desktop version, traders can manage their MT4 trading accounts through the MetaTrader 4 mobile app, available for iOS and Android devices. The iOS app requires a minimum iOS 9.0 version for proper functionality. Both the Android and iOS apps have received an average rating of 4.5 out of 5 stars from hundreds of thousands of satisfied MT4 users.

The desktop and mobile versions of the MT4 trading software are user-friendly. While utilizing the platform’s tools and features may require some effort and dedication, using the platform itself is relatively straightforward.

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LQDFX Payments

LQDFX supports a wide range of payment options, including bank transfers, Visa and Mastercard credit cards, e-wallets like Skrill and Neteller, FasaPay, Bitcoin, other altcoins, and VLoad.

Based on our research, deposits and withdrawals made through Skrill and Neteller are the fastest and cheapest options, with minimum deposits starting from $20. Deposits via these methods are processed instantly, ensuring immediate availability of funds. Minimum withdrawals are as low as $5, with a withdrawal time of 1 business day. Additionally, LQDFX covers deposit fees for amounts exceeding $500.

For bank transfers, the minimum deposit amount is $250, and withdrawal fees and times may vary based on corresponding banks. Credit card deposits range from $20 to $2,000 per transaction, with a maximum of $15,000 per card. Withdrawals to credit cards require 2 business days and incur a $10 fee.

Bitcoin and other cryptocurrencies have a minimum deposit range of $30, while withdrawals range from $50 to $50,000, with a withdrawal time of 1 business day and no fees. VLoad deposits require a minimum of $20, with withdrawal fees dependent on VLoad Tier allowance.

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LQDFX Bonus

LQDFX offers a 100% Bonus Program, which adds a bonus to traders’ accounts after meeting volume requirements. The 100% deposit bonus is available for deposits exceeding $250 and can be applied to all five account types. The bonus is instantly credited to the trading account when a minimum deposit of $250 and a maximum of £20,000 is made.

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LQDFX Contact and Customer Service

LQDFX provides customer support via email at support@lqdfx.com, telephone, and Live Chat, conveniently located on the website’s right-hand side. Traders can also request a callback via the Contact page. The customer service team is available 24/5 to assist users.

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Is LQDFX Safe?

It’s important to note that LQDFX is not regulated or registered with any top-tier financial authority. LQDFX’s financial services are provided by LQD Limited, headquartered in the Marshall Islands. While the platform has published various legal documents and demonstrates transparency in its pricing structure and business model, it lacks regulation from top-tier authorities. Regulated brokers ensure compliance and offer client fund protection schemes, preventing misleading information and protecting client funds.

However, LQDFX emphasizes the security of client funds. The company keeps company funds and client funds separate, ensuring that client funds are segregated, off the balance sheet, and cannot be used to pay creditors in the event of liquidation. LQDFX collaborates with over 200 global banks, including HSBC and Barclays, via payment service providers.

Considering the absence of top-tier regulation, we recommend conducting additional research and carefully evaluating the decision to open an account with LQDFX.

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How to Start Trading with LQDFX?

To start trading with LQDFX, follow these steps:

Step 1: Open an account

Visit the LQDFX website and click on the “Open Live Account” button. Provide personal information, including name, email address, and phone number. Additionally, provide financial status, employment details, trading experience, and choose your account base currency, preferred platform, and account type.

Step 2: Complete the Verification Process and Deposit Funds

After successful verification of your LQDFX account, you’ll receive confirmation emails containing your account login credentials. Use these credentials to log into your trading account and choose from the available payment options to deposit funds.

Step 3: Start Trading via the LQDFX MetaTrader 4 Trading Platform

Download the desktop version of the MT4 trading software or the mobile trading app to begin trading forex pairs, commodities, and indices. Utilize the extensive tools and features provided by the MT4 platform.

In conclusion, LQDFX offers a comprehensive trading experience with its variety of account types, access to the popular MetaTrader 4 platform, competitive spreads, and a wide range of tradable assets. However, it’s important to consider the absence of top-tier regulation and conduct thorough research before making a decision.