LQDFX Quick reference
The LQDFX broker was created in 2015 in the Marshall Islands. It assures that it opened offices around the world, but when registering in the island offshore and having lack of information about the regulator, this is not very legal.
The broker promotes partnership program actively, promising generous commissions for each brought client.
What LQDFX trades
The broker suggests using the MetaTrader 4 platform with mobile versions for Android and iOS.
Types of accounts
The broker provides a choice of 5 options, including an Islamic account. It is curious that LQDFX is ready to open access to the latter only to those who really profess Islam. And, in order to avoid abuse, reserves the right to request evidence of belonging to this religion. The accounts are distinguished by terms of minimum deposit, leverage, spreads, commissions and other conditions. They are collected in a convenient comparison table.
Deposit and withdrawal
There are many options for depositing and withdrawing funds:
- Bank transfers,
- Visa and MasterCard credit cards,
- Many other cryptocurrencies.
The minimum amount of deposit and withdrawal is from $ 20.
How it teaches
There are short video courses in the key areas in the "Training" section. 10 training videos for starters in general.
This section is not particularly thoughtful. We can approve the section only because the materials are open.
They teach to analyze diagrams a little more thoroughly: here the access is only for registered users.
All of those who fill in the registration form are risking to receive a barrage of offers from company representatives.
And the main task of such specially trained people is to upsell the client to open a real account with maximum deposit.
There is an economic calendar in the public domain. It is rather laconical with the most basic data. There are only dates and bare numbers. There is no industry news or trend analytics.
Such calendar is not enough for experienced users, but it will not help beginners - it is important for them to learn to understand and analyze the facts themselves, to understand the meanings behind the numbers.
There are also three types of calculators on the LQDFX website:
- Pivot is for calculating Forex levels and pivot points;
- Fibonacci numbers are useful in analyzing price movements and determining stops in this process;
- Transaction size calculator - it is clear why.
There are a lot of such online services for calculating on the Internet, but posting on a broker's website demonstrates that the broker is trying to take care of its clients. It’s just not very clear why these forms were put into the training materials section.
What the broker considers to be its advantages:
- Immediate execution of orders;
- multilingual round-the-clock technical support 5 days a week - via chat, email and phone;
- storage of clients' money on accounts separate from company funds;
- a wide choice of conditions and ways of funds transferring.
All the advantages are damaged by registration in a small offshore and the absence of regulator. Traders` money being in hand of such broker cannot be considered protected. And there is nowhere to write appeals in case of problems. Be careful.