LQDFX Review

About LQDFX

LQDFX operated as an offshore broker registered under LQD Limited in the Marshall Islands, with a company number MH96960, and later referenced an address in Saint Vincent and the Grenadines, though that jurisdiction does not regulate forex or financial services. The firm was never licensed by any recognized financial authority, including top-tier regulators like the FCA, ASIC, CySEC, or CFTC. It was issued a warning by the UK Financial Conduct Authority, which stated that LQDFX was providing financial services in the UK without authorisation, meaning clients lacked access to the Financial Ombudsman Service or FSCS protection. The entity was also included in the U.S. Commodity Futures Trading Commission’s RED List for soliciting U.S. customers without registration. In Canada, the Autorité des marchés financiers in Québec flagged LQDFX (under LDQ Ltd) as not authorized to solicit investors. The Financial and Consumer Affairs Authority of Saskatchewan issued an investor alert warning that LQDFX is not registered to trade or sell derivatives in that jurisdiction.

LQDFX offered trading via the MetaTrader 4 platform under STP/ECN execution models with floating spreads. Various sources indicate minimum deposit requirements ranging from US$20 for micro accounts to US$500 for ECN or Gold accounts. Claimed maximum leverage was up to 500:1 (other sources cite 300:1). The broker purportedly supported scalping and automated trading (EAs), Islamic/swap-free accounts, and offered an asset range including approximately 71 forex pairs, various indices, commodities, and around 13 cryptocurrencies. Payment methods reportedly included credit/debit cards, bank wire, e-wallets (Skrill, Neteller, etc.), and various cryptocurrencies. Base account currencies included USD and EUR. Some self-reported features included segregated client funds, negative balance protection, educational resources, and a bonus program up to US$20,000 with instant credit.

Pros and cons

Pros

• Wide asset selection, including forex, indices, commodities, and cryptocurrencies.
• Support for MT4 platform, automated trading, and high leverage.

Cons

• No regulation or licensing by any reputable financial authority; multiple regulatory warnings issued.
• Ceased operations and rebranded to PlexyTrade, which itself received a further FCA warning and remains unregulated.