LQDFX
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Overall
Good broker. Would be nice to have 1:500 leverage. Price manipulation
Overall
This off-shore broker aggressively trades against your positions in such a proficient manner it is extremely difficult even for the higher skilled trader. All brokers do trade against you and there's different ways they do it. However, in regards to LQDfx, they are the top of the list. LQDfx does it in such an aggressive and relentless manner you will either be forced out by stop or placed into extremely testing situation if you're trading size. Whatever method(s) they're using they will create the daily range until they can't anymore, but they will keep you into the negative as long as your position is active. Their liquidity providing utilizes algorithms that will keep price moving against you as long as the position is in the negative if they are able to.
Traders of every skill level should avoid this off-shore broker. Obviously they aren't regulated and they don't have the client base to trust they aren't going to close up shop any moment. In regards to this - their business model isn't that of a normal broker, theirs is one purely of taking out client positions. Larger brokers can only do this to an extent and at the right moment due to the mathematics of clients in profit vs loss, but small bucket-shops like LQD this doesn't take effect as they don't have the client base. Their interests lie solely on forcing and closing your position in a loss and their profit.
Understand in forex your broker is your counter party. There is no matching up of another trader on the other side of the world. There almost is no such thing as a true ecn anymore, they literally don't exist for the retail trader. There's a lot in the industry that is kept a secret.
Regardless, LQDfx is top of the list as dubiousness brokers go - even by off-shore, unregulated brokers standards.
Do not use this broker. They make it easy to move money around via btc, but their game is the moment you enter buy or sell it's game on for them to take you out at a loss.
The typical practice is to let you win for about a month to three months. After that they see you are profitable on you own means they turn the algo against you full speed on every trade you make. It doesn't take much for brokers like LQDfx to manipulate the spot price, but there is a difference between how far each broker will take things. UNDERSTAND, LQDfx wants to take out your positions every time and will game the market to do so. This is their business model, get in new fresh clients, bust their accounts, rinse and repeat.
Be adviced they are on the United States (CFTC) Commodities and Futures Trading commission's RED LIST of brokers to NOT use.
I hope this helps people to not lose money to this broker and let this broker die a way. Usually off-shore brokers like LQDfx end up just rebranding themselves under a different name and even stay in the same unregulated part of the world.
Overall
so far so good. The only reliable way to get answers from them is through their live chat, which is not always available.
