LQDFX is suspected to be a scam broker. If you are scammed or planning to invest, read this LQDFX Review.
LQDFX Review – How safe is to invest here?
Scam Helpers Team which has done a lot of work in researching for LQDFX Review, advises investors not to invest in LQDFX, as it is suspected to be a potential scam broker. It is advised to first look at what other people are saying about the company you wish to invest in to prevent being conned by an investment scam plan.
After conducting some research on investing forums and social media platforms, we learned that many people had negative experiences with LQDFX and left conflicting opinions about it. You should examine it before making an investment because it appears that LQD Fx is an unreliable investment company. Read a complete LQDFX review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
Address: Beachmont Business Centre, 359, Kingstown, ST. VINCENT AND THE GRENADINES
Warning: Financial Conduct Authority (United Kingdom), Commodity Futures Trading Commission (United States), British Columbia Securities Commission (British Columbia), Capital Markets Board (Turkey)
Risk is an integral part of every type of trading. A genuine investment provides the broker with an excellent opportunity to earn a profit if they make the right decisions. We have done profound exploration, looked at various brokers and trading conditions, and prepared a comprehensive list of scam brokers 2023 to aid your decision-making.
We include the name of LQDFX here because it is not a legit broker. For fledgling brokers or clueless clients, LQD Fx will appear as a genuine investment opportunity for unsuspecting users and novice traders.
We are here to expose this broker by providing this LQDFX review and share with you the reason for presenting this LQDFX review.
Proofs that LQDFX is a scam
Investment scams such as Forex trading scams, Binary scams, Crypto scams and others are hard to spot. But still there are many signs why LQDFX is suspected as a scam broker.
LQDFX is an offshore forex and CFD broker that is not regulated and offers a wide range of major currencies and CFDs with leverage.
LQD Ltd., a broker based in the Marshall Islands, is the owner and operator of LQDFX.
The 2015-founded brokerage employs a direct market access (DMA) methodology, and straight-through process (STP), and eliminating requotes.
There is presently no financial organization that controls LQDFX.
The LQDFX trading fraud has received several warnings, leading to the switch of its Headquarters. In 2017, the Capital Markets Board in Turkey released the initial warning.
The company was outlawed in Canada by British Columbia’s regional authority and in the US by the Commodity Futures Trading Commission in 2019.
Ultimately, the UK FCA warned LQDFX in 2022 for operating illegally and offering financial services without the required license.
Some other reasons why we include Lqdfx.com as an unsafe broker.
Regulation And Safety Of Funds
Being an unregulated firm is the worst thing, and it makes you an exploitative cheat. LQDFX is a scam, and your money is at risk.
By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.
Deposit And Withdrawal Methods And Fees
There is a reason why these fraudsters, as well as many other scammers, would frequently advise you to deposit in cryptocurrency. You cannot get a chargeback on such transactions because they are entirely irreversible and all of them are recorded in a ledger that cannot be modified later. Depositing money with scam brokers is therefore, rarely a good idea. If you have already invested your money with LQD Fx, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.
With LQDFX, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.
Customer LQDFX Reviews
Scam Helpers found that LQD Fx got negative customer reviews and ratings on all other sites, and also got low trust scores among users. With this review and after reading all the negative and positive LQDFX reviews, we found that this broker is not regulated and might be a potential scam broker. To avoid these scams, we provide a list of scam brokers 2023 on our website.
According to review websites like TradersUnion, “I completely lost interest in LQDFX. There is no LQDFX platform at all. In the campaign, a few units are traded here. My order has been hanging for four days, but nothing works. At the same time, it is clear that there are orders in the glass that are being executed. I think that LQDFX winds up virtual trading with bots, but there is practically no real trading.”
Commitments of Ensured Benefits
Any moneymaking promises in the financial market come with a risk. Some brokers will attempt to let you know that their financier can assist you with turning ensured benefits when you utilize their platform.
If you get attracted by such brokers, there’s a chance of getting scammed by them.
How does LQDFX Scam Work?
Scammers use many tricks in order to give you the idea that you are earning money easily and rapidly, fraudsters frequently send you some returns first. They can acquire your trust in this way. To extract as much money as they can from you, they frequently ask you to make more investments or to recruit family members and friends to do the same.
They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is LQDFX broker Legit or a scam: Conclusion
It is clear from the LQDFX review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from LQD Fx and similar brokers. If you really want to trade online, find a broker who is regulated and has trusted and positive reviews.
Scammed by LQDFX? Scam Helpers can help
If you are a victim of the LQDFX scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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