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A regulator warning has been issued by Canadian authorities against LQD Ltd in September 2023
- LQD Ltd is a forex and CFD broker that claims to offer over 250 trading instruments, including currency pairs, indices, commodities, stocks, and cryptocurrencies.
- – The broker is registered in St. Vincent and the Grenadines, a popular offshore jurisdiction for unregulated brokers, and does not provide any information about its regulation, license, or authorization by any reputable financial authority.
- The broker’s website is poorly designed and contains many grammatical errors, broken links, and misleading information. For example, the broker claims to have offices in London, New York, and Hong Kong, but does not provide any physical addresses or contact details for these locations.
- The broker’s trading conditions are unclear and inconsistent. The broker offers four account types with different minimum deposits, spreads, commissions, and leverage levels, but does not provide any clear comparison or explanation of these features. The broker also claims to offer a demo account, but does not provide any access or instructions on how to open one.
- The broker’s payment methods are limited and suspicious. The broker only accepts deposits and withdrawals via credit cards, wire transfers, and cryptocurrencies, and charges high fees and commissions for these transactions. The broker also imposes a minimum withdrawal amount of $100 and a maximum withdrawal amount of $10,000 per month, which are unreasonable and restrictive.
- The broker’s customer support is unresponsive and unprofessional. The broker only provides an email address and a phone number as contact options, but does not respond to any queries or complaints from clients. The broker also does not have any social media presence or online reputation, which indicates a lack of transparency and credibility.
Based on these facts, we can conclude that LQD Ltd is not a legit broker, but a scam that should be avoided by all traders. The broker does not have any regulation or license to operate in the forex and CFD market, and does not provide any security or protection for its clients’ funds or personal data. The broker also has many red flags and warning signs that indicate its fraudulent nature and intention to deceive and manipulate its clients. Therefore, we advise you to stay away from LQD Ltd and look for a more reliable and trustworthy broker that can offer you a safe and fair trading environment.
What to Do If You’ve Lost Money with LQD Ltd?
If you have been scammed by LQD Ltd or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.