LQDFX is a contract for difference broker that was registered in Saint Lucia on April 21, 2023. It mainly provides investors with financial trading services such as contracts for difference. Its headquarters are located in Sofia, Bulgaria. This broker does not provide services to jurisdictions that may violate local laws or regulations, including but not limited to North Korea, the United Kingdom, Syria, the United States, Canada, and the European Economic Area.
Company Registration Information and Regulatory Status:
Information made public on the LQDFX official website shows that its business entity registered with the Saint Lucia International Business Company and the International Trust Registry (ifc) is LQD Ltd, with a company registration address at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and an office address at 52 Han Omurtag St, 6th floor, Sofia, 1124, Bulgaria. The company registration number is 2023-00139.
Verification has shown that a business entity named LQD Ltd, with the registration number 2023-00139, can be found with the Saint Lucia International Business Company and International Trust Registry (ifc). However, this entity could not be found in the Saint Lucia Financial Services Regulatory Authority (FSRA), nor could it be located by other official financial regulatory authorities in other jurisdictions.
According to information obtained from a Whois search, the domain name of this broker's official website was registered on November 10, 2015. Moreover, as of February 5, 2024, this broker has been established for less than a year.
Account Opening:
To open an account with LQDFX: Visit the broker's official website and click "Start trading" on the homepage or the top right corner of the page to enter the account registration interface. Follow the steps and requirements to fill out your personal information and submit it. After submission, the account will be successfully registered and automatically redirected to the login page.
Account Types:
LQDFX offers users a demo trading account and five different types of real trading accounts: Micro Account, ECN Account, Gold Account, VIP Account, Islamic Account.
Micro Account:
- Minimum initial deposit: $20
- Trade execution type: Market execution
- Trading mode: Direct access
- Maximum trading leverage: 1:1000
- Minimum trade size: 0.01 lots
- Maximum trade size: 5 lots
- Typical spread: 1
- Swap account: Available
- Requotes: Not supported
- Trading commission: $0
- Trading platform: MT4
ECN Account:
- Minimum initial deposit: $500
- Trade execution type: Market execution
- Trading mode: Direct access
- Maximum trading leverage: 1:300
- Minimum trade size: 0.01 lots
- Maximum trade size: 40 lots
- Typical spread: 0.1
- Swap account: Not available
- Requotes: Not supported
- Trading commission: $2.5 per standard lot
- Trading platform: MT4
Gold Account:
- Minimum initial deposit: $500
- Trade execution type: Market execution
- Trading mode: Direct access
- Maximum trading leverage: 1:300
- Minimum trade size: 0.01 lots
- Maximum trade size: 40 lots
- Typical spread: 0.7
- Swap account: Not available
- Requotes: Not supported
- Trading commission: $0
- Trading platform: MT4
VIP Account:
- Minimum initial deposit: $25,000
- Trade execution type: Market execution
- Trading mode: Direct access
- Maximum trading leverage: 1:100
- Minimum trade size: 0.1 lots
- Maximum trade size: Unlimited
- Typical spread: 0.1
- Swap account: Not available
- Requotes: Not supported
- Trading commission: $1.5 per standard lot
- Trading platform: MT4
Islamic Account:
- Minimum initial deposit: $20
- Trade execution type: Market execution
- Trading mode: Direct access
- Maximum trading leverage: 1:300
- Minimum trade size: 0.01 lots
- Maximum trade size: 40 lots
- Typical spread: 0.7
- Swap account: Not available
- Requotes: Not supported
- Trading commission: $0
- Trading platform: MT4
Trading Platform:
LQDFX offers the MT4 trading platform, provided by LQD Ltd.
Deposits and Withdrawals:
LQDFX supports deposits and withdrawals through CONFIRMO, cryptocurrencies, PayRedeem, and other methods.
Conclusion:
Traderknows reminds investors that LQDFX is a forex broker whose corporate authenticity and regulatory information are uncertain, and that this broker is suspected of false advertising on its trading platform. Traderknows advises investors to choose brokers that are transparent, well-regulated and reputable for their trading activities, in order to avoid unnecessary losses of their assets.
Currently, this broker is marked as "suspected of fraud" on Traderknows.
