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How to open LQDFX's Forex Trading Account? | Trading Cost, Execution and more
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Table of Contents
- How to open LQDFX's FX trading account?
- What is LQDFX?
- LQDFX's Greater Volume and Access to Competitive Pricing
- LQDFX is a NDD Forex broker
- Benefits of LQDFX's Fixed-Spread Dealing
- Trading and Service Condition of LQDFX's Account
- Rollover / Interest Policy (Swap Points)
- LQDFX's Margin Requirement and Margin Watcher
- Manage your accounts on MyLQDFX
- Regulation and License of LQDFX
- Contact LQDFX's Client Support 24/5
How to open LQDFX’s FX trading account?
Follow the steps below to open LQDFX’s Forex trading account today.
- Go to LQDFX Official Website and click on “Open an Account”.
- Select your country and the preferred trading platform from the list.
- Follow on-screen instructions to complete the online registration.
- Receive an email with login credentials (username and password).
- Log in to the MyLQDFX client portal from LQDFX Official Website.
- Download trading platforms, deposit funds and start trading.
If you have any questions during the account setup, contact LQDFX’s support team to solve any issues and get answers.
LQDFX’s customer support team is available for 24 hours a day and 5 days a weel.
What is LQDFX?
LQDFX is one of the world’s largest Forex dealer members specializing in Retail FX.
With substantial operations around the world, the LQDFX Group has serviced millions of traders from more than 80 countries.
In the FX market, the broker you align yourself with is the counterparty to EVERY transaction.
According to the financial data posted on the CFTC website, LQDFX is one of the largest Forex Dealer Members making it a safer counterparty with which to conduct trading.
LQDFX has a proven track record of reliability and success with over 1,500,000 trades executed each month via the FX Trading Station.
The FX Trading Station represents an evolution of Foreign Exchange trading.
The FX Trading Station combines power and functionality, providing rapid trade execution from streaming two-way prices.
LQDFX’s Greater Volume and Access to Competitive Pricing
LQDFX’s trading volume is virtually among the highest in industry compared to other Forex Dealer members.
In an over-the-counter market where traders must rely on the financial strength, stability and integrity of their dealer in order to fulfill obligations on their forex transactions, size does matter.
Size and sophistication dictate a market maker’s access to Interbank prices.
The sheer volume and order flow has enabled LQDFX to build strong execution relationships with 14 of the world’s largest banks, who have given the company over $800 million in foreign exchange credit lines.
As a result, LQDFX receives and is able to pass on the benefits of size to its clients.
LQDFX maintains tight dealing spreads and quotes aggressively at all times.
LQDFX is a NDD Forex broker
With the No Dealing Desk option, traders, through the LQDFX trade station, have the ability to trade on rates provided by some of the largest banks in the world.
These banks compete with each other to provide the best rate—which results in spreads as low as 2 pips.
The No Dealing Desk option combines the benefits of trading prices from top-tier banks, with the convenience and speed of LQDFX’s award winning trading platform.
You trade when you want—even during market-moving news and economic events.
Furthermore, this system enables you to place entry orders at any price—even inside the spread.
Unlike the competition, LQDFX offers 24 Hour a day trade support, giving you the ability to place orders over the phone anytime the market is open, even when utilizing the No Dealing Desk option.
LQDFX’s staff of 500+ highly trained specialists are available around the clock to service clients from their regional headquarters in New York, London, Hong Kong, and Tokyo.
Benefits of LQDFX’s Fixed-Spread Dealing
In the institutional forex marketplace, currency trading spreads “the difference between the price at which traders can buy and sell” often fluctuate, widening and narrowing depending on market volatility.
Some traders prefer to trade in an environment that provides protection against spread uncertainty.
These traders choose the Fixed Spread dealing option, which has consistent spreads on a 24-hour basis.
Another advantage offered only through the Fixed Spread dealing option is a no-slippage policy on stops and limits.
Regardless of trade size, LQDFX honors clients’ exact stops and limits.
Trade Forex and CFDs with LQDFX Trading Station
LQDFX’s Trading Station features live, streaming prices.
Charting and News software can also be downloaded and integrated with the FX Trading Station.
LQDFX’s Trading Station provides sophisticated order entry and tracking of market orders, entry orders, stop/limit entry orders, and stop-loss orders.
All of the above orders are Good Until Cancelled (GTC), which is valid until the order is executed or cancelled.
The dealing desk is open 24 hours a day, from Sunday 5:15 PM New York time until Friday 4:00 PM New York time.
Quotes, order placements, and confirmations are available online.
To start trading on LQDFX’s Trading Station, you need to first transfer your funds to the trading accounts.
In addition to the US dollar, traders have the option of depositing funds and viewing all trading information in EUR, GBP, or JPY.
For European and Asian clients in particular, this option will be of great convenience in handling all the administrative duties of trading—thus allowing traders to focus more of their attention and energy on analyzing and profiting from market movements.
Rollover / Interest Policy (Swap Points)
In the spot Forex market, trades must be settled in two business days.
If a trader sells 100,000 euros on Tuesday, the trader must deliver 100,000 euros on Thursday, unless the position is rolled over.
As a service to our traders, LQDFX automatically rolls over all open positions to the next settlement date at 5:00 PM New York time.
Rollover involves exchanging the position being held for a position expiring the following settlement date.
The positions being exchanged are usually not valued at the same price.
The amount of the difference varies greatly based on the currency pair, the interest rate differential between the two currencies, and fluctuates day to day with the movement of prices.
At 5:00 PM New York Time, funds are subtracted or added to accounts with open positions because of the automatic rollover.
For accounts that have a margin requirement of 2% or more, funds are added to the account for positions in which the client is long (holding) the currency bearing the higher interest rate.
Funds are deducted in the opposite circumstance. For accounts that do not have a 2% margin requirement, the rollover amount is deducted from the account for each position, regardless of the account’s holdings.
LQDFX’s Margin Requirement and Margin Watcher
LQDFX enables currency trading to be conducted on a highly leveraged basis.
Every trader is able to select the degree of leverage that the trader wishes to employ in trading.
Unless the trader specifies otherwise, LQDFX sets the leverage level at LQDFX’s default margin level for the deposited amount.
The requirements for leverage vary with account size and may be changed from time to time at the sole discretion of the dealing desk, based on volume traded and market conditions.
There is also an important safety feature embedded in this system that prevents clients from losing more money than they have in their accounts.
Should the account equity—meaning the total floating value of the account—fall below the margin requirement of approximately 1% per lot, the dealing desk will close all positions.
This protects the trader from losing more than the existing funds in the trading account.
Margin: Managing your Risk in the FX Market
By trading on margin, traders have the ability to control positions much larger than their deposit.
The margin deposit for leverage is not a down payment on a purchase of equity, as many perceive margin to be in the stock markets.
Rather, the margin is a performance bond, or good faith deposit, to ensure against trading losses.
This is very useful to short-term day traders who need the enhancement in capital to generate quick returns.
However, leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.
To help manage your risk, LQDFX offers a unique margin watcher feature, which is embedded in the platform.
If the equity in your account drops below the margin required to maintain your open positions, the dealing desk will close all open positions.
This guarantees limited risk. You also have the ability to track your margin in real time.
In the accounts window you will see two columns: used margin and usable margin.
The used margin indicates funds currently pledged towards open positions.
You can think of usable margin as your “wiggle” room. Once usable margin reaches zero, a margin call will ensue, and all open positions will be closed by the dealing desk.
To learn more about the margin watcher feature, please contact the LQDFX staff, which is available 24-hours a day, 7 days a week to walk you through the trading station.
Manage your accounts on MyLQDFX
My LQDFX is an interactive website designed exclusively for existing LQDFX clients.
The site enables you to quickly and easily perform administrative functions, access account information/reports, and receive exclusive market analysis.
My LQDFX requires no special software and can be accessed on any computer via your Internet browser.
To access My LQDFX, go to LQDFX Official Website and log in using the same username and password as your LQDFX trading account.
My LQDFX represents a new breakthrough in customer service.
By giving clients the ability to manage accounts from their personal computer, LQDFX’s mission is to provide the most efficient processing available in the FX market today.
As always, you will have 24-hour access to the friendly and professional staff of LQDFX by phone, email and Live Chat.
Regulation and License of LQDFX
LQDFX is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
As a vocal advocate of foreign exchange regulation and increased investor protection, LQDFX is proud to be one of the first foreign exchange firms to register as an FCM following the passage of the Commodity Modernization Act in December 2000.
There are three main benefits for LQDFX clients and potential clients:
- Financial Standards and Oversight
FCMs are required to meet strict financial standards, including capital adequacy requirements. On a regular basis, FCMs are required to submit financial reports to regulators. These standards are enforced by the NFA, which has the right to fine firms and/or terminate an FCM’s regulatory status for violations. - Greater Transparency Of Business Practices
The National Futures Association keeps records of all formal proceedings against Futures Commission Merchants. With a couple clicks of the mouse, a trader can find out if the firm has had serious problems with clients or regulators. - A Framework For Dispute Resolution
The U.S. regulatory framework is widely regarded as one of the best in the world for investor protection. If a dispute with an FCM arises, investors can turn to the NFA or the CFTC.
Contact LQDFX’s Client Support 24/5
LQDFX employs over 500+ salaried and dedicated FX Professionals with expertise in fields including charts, technical analysis and the fundamentals of trading FX.
All employees are salaried, and there are no commission brokers on staff.
Other brokers employ commission based salesman that use hard sales tactics and gimmicks to lure in new accounts.
LQDFX has product specialists to help you choose from over a dozen different and independent charting options and navigate through the hundreds of web based resources available for FX traders on the internet.
LQDFX runs 24-hour live support.
You can always reach a real person with expertise in dealing, sales, technical support and operations even on weekends.
Most brokers claim to provide 24-hour support, but actually only run a skeleton crew that is unable to resolve major problems outside regular business hours.
LQDFX has a large in house trader education division as well as support in a number of languages.
LQDFX is a partner of ZuluTrade, a copy trading platform provider.
If you want to copy profitable traders to your account directly as an investor, visit the page here.
