LQDFX is an online Forex and CFD ECN brokerage launched in 2015. They are headquartered and in the Marshall Islands and are currently not regulated by any governmental authority. They offer traders the opportunity to trade a reasonably wide range of instruments wrapped as CFDs (Contracts for Difference), even including a selection of commodities, indices, and metals. LQDFX offer trading in 71 forex currency pairs, 7 non-metallic commodities, and 12 major equity indices. All accounts operate on Electronic Communications Network (ECN) / Straight Through Processing (STP) execution models.
Five different account types are offered, detailed below. All use the STP execution model except the ECN account which of course uses an ECN model. All offer a minimum trade size of 1 micro lot (0.01 lots) except the VIP account where the minimum trade size is 1 mini lot (0.1 lots).
The Micro account requires a minimum deposit of $20 and offers maximum leverage of 500 to 1. Benchmark EUR/USD spread is estimated at 1 pip. The maximum position size is 5 lots.
The Gold account requires a minimum deposit of $500 and offers maximum leverage of 300 to 1. Benchmark EUR/USD spread is estimated at 0.7 pips. The maximum position size is 40 lots.
The ECN account requires a minimum deposit of $500 and offers maximum leverage of 300 to 1. Benchmark EUR/USD spread is estimated at 0.1 pips but a commission of 0.0035% of notional trade value is also charged.
The VIP account requires a minimum deposit of $25,000 and offers maximum leverage of 100 to 1. Benchmark EUR/USD spread is estimated at 0.1 pips but a commission of 0.0025% of notional trade value is also charged.
The Islamic account requires a minimum deposit of $20 and offers maximum leverage of 300 to 1. Benchmark EUR/USD spread is estimated at 0.7 pips. The maximum position size is 40 lots.
A demo account is available, as is typical with nearly all spot Forex and CFD brokers.
Scalping and hedging are allowed, and automated trading is possible.
There is no choice of platform, clients must use MetaTrader 4.
Protection from any negative balance event is guaranteed, so depositors will know that they cannot be held liable for losses beyond their deposit.
LQDFX’s most notable feature is its ECN execution offering, at a seemingly competitive spread and commission model requiring a minimum deposit of only $500. This means that in theory, unlike most brokers, LQDFX never takes the other side of their clients’ trades: they do not profit when you lose, nor lose when you profit, if they are running an ECN model. This effectively means that unlike most Forex and CFD brokers, they should have no innate conflict of interest with their clients.
LQDFX offer trading in a reasonably wide range of assets, even including some of the more exotic CFD instruments such as soft commodities. They certainly offer a quite wide assortment of minor and exotic Forex currency pairs.
LQDFX’s educational section is broken down into four subsections.
The Courses element offers several courses in trading, including material on trading strategies, trading tools, and a beginners’ course, plus notably a tutorial on using the MetaTrader trading platform. The course lessons include a video element.
The Chart Analysis element includes several contemporary drawn charts of technical analysis on some of the most popular instruments, which could be used as a basis for trade analysis by clients.
The Economic Calendar is a listing of important economic data releases and other scheduled events which are likely to affect the relative values of major currencies.
Finally, the Calculators element includes three calculators that can be used for trade position sizing and for drawing Fibonacci and Pivot Point levels.
Bonuses and Promotions
A 100% deposit bonus is offered to any client depositing at least $250 with LQDFX to any non-PAMM account. The bonus is withdrawable upon completion of the minimum trade volume requirements. Traders are advised to check the applicable volume requirements carefully.
Depositing funds into an LQDFX account is an easy and secure process. Funding can be done using a few different methods, including credit cards, bank transfers, Neteller, Skrill, fasapay and Bitcoin, as well as a few other possible channels. Withdrawals are generally made through the same channel that deposits have been made through.
Customer support is based in the U.K., offering support by telephone, chat, and email, during business hours from Monday to Friday.
LQDFX has a well-rounded and quite professional-looking STP/ECN execution style offering for traders looking to trade a reasonably wide range of assets in the form of Forex currency pairs and CFDs, particularly on Forex currency pairs. However, their unregulated status and base in the Marshall Islands will cause many potential clients to feel comfortable with this broker only after conducting some due diligence.Back to Top
In terms of features, the stand-out strengths of this broker’s offerings are:
- ECN-style execution.
- A relatively wide range of instruments available for trading: commodities (including softs), indices, and Forex currency pairs.
- Competitive spread/commission model for small depositors ($200).
- Negative balance protection.
- 100% deposit bonus.
- Broker's Name : LQDFX
- Headquarter : Marshall Islands
- Regulation : None
- U.S. Clients Allowed : YES
- Maximum Leverage : N/A
- Account 1 : Basic
- Demo Account : YES
Pros and Cons
- Competitive Spreads
- High Leverage
- No Choice of Platforms
The MetaTrader 4 is an independent trading platform, developed for trading FX, commodities and other products and is one of the most advanced and easy platforms to use. It remains the gold standard of trading platforms.
In addition to the wide range of markets available to trade, the MT4 platform provides traders with a multilingual interface, instant execution, built in help guides for MT4 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and time periods and more.
Automated trading is also offered through the MetaTrader 4 platform where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester and Compiler tools within the MT4 platform.
With this automated trading system clients may create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.
The MetaTrader 4 and platform apps can be used on iPhones, iPads, Multi-Terminal, and all Android devices.
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