LQDFX spreads start from 1.7 pips, the commissions of $3.50 per lot charge and the VIP has a $2.50 commission. LQDFX doesn’t charge any account fees, while deposits and withdrawals are also free of charge. LQFD does not document any inactive fee.
Finding a reputable list about LQDFX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.
Fees and Spreads
The LQDFX spread list is as follows:
The spreads offered by LQDFX are different for each account type and vary with market conditions. The Micro account has the widest spreads, with typical values of 1.7 pips for EUR/GBP, 1.2 pips for EUR/USD, and 1.8 pips for GBP/USD.
Gold and Islamic accounts have tighter spreads, with EUR/GBP usually 1.2 pips, EUR/USD 1.1 pips, and GBP/USD 1.4 pips. The ECN and VIP accounts have the most competitive spreads, coming in at 0.5 pips for EUR/GBP and 0.1 pips for both EUR/USD and GBP/USD.
The Micro, Gold, and Islamic accounts are commission-free; however, the ECN account has a $3.50 per lot charge, and the VIP has a $2.50 commission.
Additional Trading Fees
Traders will also incur swap fees, also referred to as overnight fees, on positions held open overnight.
Swap is the exchange “interest” or “premium” charged to a trader or earned on a daily basis for any trades carried (rollover) from day to day. It’s the fee for transferring an open position overnight. Swap may be both positive and negative.
The swap payment is based on the interest rate differential between the two currencies in a currency pair on which the trade position is rolled over to the next trading day.
The swap is positive if the trader has a long position on the currency with the higher interest rate. On the contrary, it is negative when the trader is short on the higher yielding currency (or long on the lower yielding currency).
The broker does offer an Islamic, or swap-free account, so that traders of the Muslim faith can avoid these fees, which is prohibited by Sharia law.
Traders also need to ensure that they verify additional broker fees which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.
Pros and Cons
|✔️ PROS||❌ CONS|
|Tight spreads available on some accounts
Islamic account available
No deposit fees
|Withdrawal fees charged on some transactions|
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How many instruments can I trade with LQDFX?
Trading assets available to all account holders include:
LQDFX offers traders the opportunity to trade a reasonably wide range of instruments wrapped as CFDs (Contracts for Difference), even including a selection of commodities, indices, and metals.
LQDFX offer trading in 71 forex currency pairs, 7 non-metallic commodities, and 12 major equity indices.
Which platforms are supported by LQDFX?
Does LQDFX offer leverage?
Yes, the broker offers flexible leverage up to 1:500 with the Micro account. However, leverage on other accounts is capped at 1:300, except for the VIP account, which offers rates up to 1:100.
What spreads can I expect with LQDFX?
The spreads offered by LQDFX are different for each account type and vary with market conditions. The Micro account has the widest spreads, with typical values of 1.7 pips for EUR/GBP, 1.2 pips for EUR/USD and 1.8 pips for GBP/USD.
Gold and Islamic accounts have tighter spreads, with EUR/GBP usually 1.2 pips, EUR/USD 1.1 pips and GBP/USD 1.4 pips.
Does LQDFX charge commission?
Yes, the ECN account has commissions of $3.50 per lot charge and the VIP has a $2.50 commission.
Is LQDFX regulated?
No, LQDFX is not regulated
Is LQDFX a recommended forex trading broker for experts and beginners?
Yes. LQDFX caters for both beginners and experts.
What is the overall rating out of 10 for LQDFX?