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LQDFX Review
LQDFX was an unregulated forex broker that closed under its own name in 2024, after CFTC and FCA warnings, and its site no longer loads.
Min Deposit
$2024
Spreads From
Not available, LQDFX no longer accepts clients
Max Leverage
Up to 1:500 in its last years, historical data only
Platforms
MetaTrader 4
Pros
- Once offered forex, metals, indices, and crypto trading in one MT4 account
- Had one of the lowest entry deposits around, just $20 on its Micro account
- Supported MetaTrader 4 on desktop, web, Android, and iOS before closing
- Said client money sat in segregated accounts, though no regulator ever checked this
Cons
- Never held a license from the FCA, CySEC, ASIC, or the US CFTC or NFA
- Placed on the CFTC RED list on December 4, 2019 for illegal US solicitation
- Named in an FCA warning in November 2022 for serving UK clients with no permit
- Shut down under its own name in 2024, and its website is now dead
- Used different home addresses over time, from the Marshall Islands to Saint Lucia
- Faced trader complaints about blocked PAMM withdrawals as early as 2019
LQDFX started trading in 2015. It offered forex, metals, indices, and crypto on the MetaTrader 4 platform, with a low minimum deposit of just $20. The low cost drew traders in, but in 2019 several investors in a copy trading service called PAMM said they could not withdraw their money.
LQDFX never held a license from a real regulator. In December 2019, the US CFTC listed it on the RED list for taking US client money without registration. In November 2022, the UK FCA warned it was serving UK clients with no permission. It used shifting addresses, including the Marshall Islands, Saint Vincent and the Grenadines, and Saint Lucia.
LQDFX stopped operating under its own name in 2024. Reports say the business was taken over and continued as PlexyTrade, with old clients moved to the new brand. That did not fix the core problem, since PlexyTrade is also unregulated and got its own FCA warning in 2025. Today the LQDFX website gives a server error and cannot be reached.
Min. Deposit
USD 2024
Max Leverage
Up to 1:500 in its last years, historical data only
Spreads From
Not available, LQDFX no longer accepts clients
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
