Is LQDFX Regulated? Pros, Cons, and Alternatives

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Forex Brokers are fintech firms that facilitate trading services to both retail and professional traders. There are numerous online forex and CFD brokers. Each broker has its own strengths and weaknesses. A broker’s regulations provide a certain level of security and assurance to clients. There are different regulatory bodies around the world including, NFA, FCA, ASIC, CySEC and so on. However, not all brokers are regulated. If you are considering using LQDFX, you may be wondering if it is regulated. 

The answer is ‘No’, LQDFX is not regulated by any regulatory authority. It is an offshore forex broker that offers forex, CFD, and Crypto trading services. Being an offshore forex broker, it can onboard clients from anywhere in the world. In this blog post, we will explore more about LQDFX, Its alternatives, strengths, weaknesses and so on. 

Is LQDFX Regulated?

No, LQDFX is not regulated by any regulatory authority. It is an unregulated offshore forex broker. Many traders settle for unregulated offshore forex brokers to enjoy restriction-free trading (Forex, CFD, Indices) with high leverage and low spread. 

Pros and Cons of LQDFX

LQDFX is an unauthorised forex broker. Still, many traders use LQDFX for high leverage, Non FIFO, restriction-free trading options. Here are the pros and cons of LQDFX

Pros
  • ECN broker with spreads from 0.0 pips and full STP execution.
  • The minimum deposit required to start live trading is $20.
  • Zero-balance protection and segregated funds.
  • A 100% deposit bonus is given to traders who deposit from $250 to $20,000.
  • Variety of Account Types including Swap Free Islamic Account 
  • Training resources in the form of video lessons, eBooks, etc.
  • More than 30 video lessons are provided to train beginner traders.
  • Accept multiple deposit methods such as debit/credit cards, cryptos, bank transfers, and PayRedeem eCards.
  • An Economic Calendar, trading calculators, and chart analysis are some of the trading tools provided by the broker.
Cons
  • No regulation from any regulatory authority.
  • MT4 is the only platform available for traders.
  • VIP accounts have a very high opening deposit.
  • No daily market news and analysis. 
  • No MAM Managed Account 
  • Withdrawal fees for Visa and MasterCard

Alternatives of LQDFX

LQDFX is a popular offshore forex broker. However, other brokers can serve as alternatives to LQDFX. Some of the alternatives are regulated by top tire regulators. These alternative brokers include 

  • Etoro: Best for Social Trading
  • Oanda: Regulated Forex Brokers for US Traders
  • Hugosway: Best offshore forex broker that offers Forex, CFD, and Crypto Trading
  • Pepperstone: Best all-around Forex Brokers for non-US Traders

Frequently Asked Questions ( FAQs)

What is LQDFX?

Founded in 2015, LQDFX is an offshore forex broker. It offers forex, CFD and Crypto trading facilities to traders worldwide. You can enjoy the maximum leverage as high as 1:1000 with LQDFX. The minimum deposit of lQDFX is only $20 

What is Forex Broker Regulation?

Forex broker regulation refers to a set of rules and laws established by regulatory authorities to govern the operations of firms within the forex industry. These regulations are designed to ensure transparency, fairness, and integrity in the forex market, protecting the interests of traders and investors. Regulatory bodies impose various requirements on forex brokers, including capital adequacy, segregation of client funds, risk management protocols, and compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. The top tire forex trading regulatory bodies in the world include NFA, FCA, ASIC, CySEC and so on. 

Is LQDFX an ECN Forex Broker?

Yes, LQDFX operates as an Electronic Communication Network (ECN) forex broker, providing direct access to liquidity providers and offering competitive pricing and execution.

Is LQDFX a Safe Broker?

LQDFX has been providing services for a long period. However, the broker is not regulated by any regulatory authority.  As a result, trading with LQDFX involves inherent risks due to the lack of regulatory oversight. Traders should carefully consider these risks before engaging with the platform.

Is LQDFX Regulated in the USA?

No, LQDFX is not regulated in the USA. In fact, it is not regulated by any regulatory authorities. 

Is LQDFX Regulated in the UK?

No, LQDFX is not regulated in the UK. The brokers of the UK are usually regulated by FCA, and LQDFX is not regulated by this regulatory authority. 

Is LQDFX Regulated in Canada?

No, LQDFX is not regulated in Canada. 

Final Thoughts :

LQDFX is an unregulated forex broker that offers forex, CFDs and Cryptos, and Stock CFDs. It offers MT4 as its trading platform. It also offers a 100% bonus on the first deposit. 

Since it is an offshore forex broker, it can onboard clients from anywhere in the world. The broker allows traders to trade with any style including scalping, hedging, EA Trading, news trading and so on. 

Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with unregulated brokers puts your funds at higher risks

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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