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LQDFX

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Operating status: SCAM

Website: https://www.lqdfx.com/

Broker violations and abnormal records
  • 2022-08-01 The UK FCA Added LQDFX into Its Warnings

    On 22 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that LQDFX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/lqd-fx

    On 22 Nov 2022, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that LQDFX was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/lqd-fx
  • 2022-11-22 BrokersView has Reviewed that LQDFX is an Unregulated Forex Broker

    LQDFX used to be registered with the Marshall Islands Registry (IRI). However, we searched the IRI and found the registration has been annulled. That means LQDFX is no longer registered with IRI. 

    LQDFX also claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), registration number 2444LLC2022. And we can sitll find the company in SVG FSA. 

    However, neither IRI nor SVG FSA is a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.

    Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that LQDFX was providing financial services or products in the UK without authorisation. 

    The truth is that LQDFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws.

    LQDFX used to be registered with the Marshall Islands Registry (IRI). However, we searched the IRI and found the registration has been annulled. That means LQDFX is no longer registered with IRI. LQDFX also claims to be registered with Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), registration number 2444LLC2022. And we can sitll find the company in SVG FSA. However, neither IRI nor SVG FSA is a forex regulator. It does not regulate forex brokers or issue forex licenses. Having registration or not, therefore, does not mean being authorized to provide financial services.Moreover, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that LQDFX was providing financial services or products in the UK without authorisation. The truth is that LQDFX is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws.

Related Complaints

Q&A

Can I trust LQDFX?

Sergei Solovev
Guam
2023-03-16
ANSWER LQDFX is a non-regulated trading platform even though it states offers that look too good to be true.LQDFX claims to be operated by LQD LLC, an entity registered in the Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) with registration No. 2444. However, it should be noted that the SVG FSA has no legal authority to issue forex licenses and regulate forex activities. Additionally, the Financial Conduct Authority (FCA) has added LQDFX to its warning list, suspecting it provides financial services or products in the UK without authority. You can check this full warning here.Regarding your question, LQDFX's operations are not supervised by financial regulatory bodies. It is a dishonest broker. Letting this broker control and hold your money or trading with it is very risky. There are no safeguards in place to protect your funds on this platform. Therefore, we would suggest investors stay away from unlicensed brokers like LQDFX and trade with fully regulated brokers.
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2 comments

Haley Rayden
Bad experience, I do not recommend you to trade here. Zero customer service and no responsive customers. It can't be withdrawn. False statistics and real robbery. I will never use this platform again.
2023-06-09
1
Reply
cice
I have started a demo account to see its performance. Orders suddenly lose money, no S/L limit. I tried to get in touch with their live chat, and they sent me to chase the geese.Glad I didn't put any real money into this bullshit broker.
2023-06-01
Reply
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