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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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