Forex traders always look for brokers offering favorable trading conditions, affordable minimum deposits, and a trusted reputation within the trading community. Even sometimes traders settle for offshore forex brokers to enjoy unrestricted free trading conditions. LQDFX is an online offshore forex and CFD broker that offers a wide range of trading instruments, including FX, Indices, Commodities, Metals, and Cryptos.
If you are considering using LQDFX as your broker, you may be wondering about the minimum deposit requirements and deposit conditions of LQDFX. In this guide, we will provide you with a comprehensive overview of LQDFX’s minimum deposit requirements, deposit process, and other important information you need to know before you start your trading journey.
What is the minimum deposit for LQDFX?
The minimum deposit of LQDFX is between $20 and $2500. The broker recommends minimum deposits based on account types. These include
- Minimum $20 for Micro Accounts.
- Minimum $ 500 for ECN accounts.
- Minimum $500 for Gold Accounts
- Minimum $25000 for VIP Accounts
- Minimum $20 for Islamic Accounts
How to Fund Your LQDFX Account: A step by Step Guide
Step 1: Log in to Your LQDFX Account
To fund your LQDFX account, you’ll first need to create your LQDFX account or log in to your existing account. Open your preferred web browser and go to the official LQDFX website. Then visit the login section. You will find it in the Menu bar. Enter your registered username and password in the provided fields and click on the “Log In” to access your account dashboard.
Step 2: Go to the Deposit Section
Once logged in, go to the deposit section within your LQDFX account. This section is typically located in the main menu or sidebar of the platform. Look for options labeled as “Deposit,” “Funding,” or similar terms. Click on this section to proceed to the next step.
Step 3: Choose Deposit Methods
In the deposit section, you’ll find available deposit methods for funding your LQDFX account. These methods may include direct Bitcoin deposit, Bitcoin via Instacoin, and wire transfer via Instacoin. LQDFX currently does not offer any other deposit methods other than Bitcoin.
Step 4: Enter Payment Details
Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction. Depending on the chosen method, this could involve entering your Bitcoin wallet address for direct Bitcoin deposits, following instructions provided by Instacoin for Bitcoin transactions, or providing bank details for wire transfers via Instacoin. Ensure that you accurately enter all required information to prevent any delays or errors in the funding process.
Step 5: Complete Process
After entering the necessary payment details, carefully review the information to ensure accuracy. Once satisfied, proceed to complete the deposit process by following the instructions provided on the platform. This may involve confirming the transaction, verifying any security measures, and completing the deposit. Upon successful completion, the funds should be credited to your LQDFX trading account which allows you to start trading on the platform.
How to Withdraw Funds from LQDFX
To withdraw funds from LQDFX, follow these steps:
- Log in to your LQDFX account.
- Go to the “Withdraw Funds” or “Withdrawal” section.
- Select your preferred withdrawal method (e.g., Bitcoin, wire transfer).
- Enter the amount you wish to withdraw.
- Follow any additional on-screen instructions for your chosen withdrawal method.
- Confirm the withdrawal request.
- Wait for the withdrawal to be processed by LQDFX.
Frequently Asked Questions (FAQs)
What is LQDFX?
Established in 2015, LQDFX boasts of low spreads, fast order executions, and security through client funds segregation, zero balance implementation, etc. Newbies are encouraged with multiple trading resources, demo account contests, and even micro-accounts. Investors can choose the MAM/PAMM accounts and pros can open VIP accounts.
What is the Maximum Deposit of LQDFX?
LQDFX does not have a maximum deposit limit. You may deposit as much as you want.
What currency can I deposit into LQDFX?
LQDFX accepts only crypto deposits. You may deposit directly with cryptocurrencies or purchase cryptocurrency from third-party websites like Coinbase and make deposits. However, you can not deposit using any other methods.
What is the maximum leverage of LQDFX?
The Maximum Leverage of LQDFX is between 100:1 and 1000:1. It means that you can trade up to 100 or 1000 times the equivalent amount of base currency you have in your account. The minimum deposit of LQDFX varies based on account types
- Micro Accounts: 1000:1
- ECN Accounts: 300:1
- Gold Accounts: 300 :1
- VIP Accounts: 100:1
- Islamic Accounts: 300:1
It is worth mentioning that leverage may vary based on the instruments you trade. the leverage of Gold instruments is 300:1. Similarly all Indices have 1:200 leverage. Major and Minor Forex pairs have the leverage of the account type
How much does it cost to deposit in LQDFX?
LQDFX does not charge any deposit fees. However, the blockchain network might charge a small fee.
What is the Minimum trade size of LQDFX?
The Minimum trade size of LQDFX is 0.01. It is worth mentioning that a lot is a standard contract size in the currency market. It equals 100,000 units of a base currency, so 0.01 lots account for 1000 units of the base currency
How long does it take to deposit on LQDFX?
Deposits are usually instant. However, sometimes it may take 1 to 3 hours, or when
when you have 3-6 Blockchain confirmations completed.
How much should I deposit in my LQDFX account?
You may deposit any amount you want. If you are a beginner, you may start with as little as $100 or less. As you gain knowledge, you may deposit your desired amount and start trading.
What trading platform does LQDFX use?
LQDFX uses only MT4 trading platforms.
Final Verdict :
Offshore forex brokers usually accept only crypto deposits and withdrawals. So it is always a challenge for traders to deposit on those platforms. Like other offshore brokers, LQDFX also accepts only crypto deposits and withdrawals. The broker does not charge any fees for fund deposits. Deposits are usually instant; but, sometimes it it may take 1 to 3 hours or when you have 3-6 Blockchain confirmations completed.
If you are looking for offshore forex brokers for unrestricted trading facilities, LQDFX can be a good option. However, offshore forex brokers are unregulated and unauthorized. Therefore, trading with these brokers always carries high risks.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers like LQDFX puts your funds at higher risks
