Sam35 
1-2 years
Is LQDFX safe and legit?
Broker Issues
Regulation
08-17
United States
WikiFX
Reply
In my view, while LQDFX offers several attractive features such as a demo account, competitive spreads, and various account types, the lack of regulation is a major red flag for me. As someone who values the security of my funds, I would have serious reservations about trading with LQDFX broker. The absence of LQDFX regulation means that there’s no authority ensuring the broker adheres to industry standards, which poses a risk for me. I would prefer a broker with strong regulation because it ensures investor protection in case of disputes. Although LQDFX offers some protections like segregated accounts, the lack of regulation means that I can’t be certain my funds are fully secure.
Similar Questions
Is SpiceProp legit?
Bhavani Durga K 
02-17
Have you encountered any drawbacks with Aqua’s customer service or issues related to the reliability of their platform?
Interbank Trader 
06-27
Is London & Oxford safe and legit?
Ahmed Harb 
06-11
Does F-Wise Capital have any cons?
Thobani Dlalda 
07-20
What’s the regulation status of TradeXN?
Eziol 
06-06