Fx Liquidity Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!
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I have deposited 100$ then again they asked me to deposit more amount so I have deposited 350$ more now when I request for withdrawal they given only 30$ in my account after that they are not giving my withdrawal and blocked my emails and stop responding my emails. Please help to get back my amount. Thanks Sneha Vikram Naidu
Summary: The overall evaluation of Fx Liquidity reveals a mix of potential and risk. While the broker offers competitive trading conditions and a variety of account types, the lack of regulation raises significant concerns about trustworthiness and user protection.
Note: It is essential to acknowledge that different entities operate under the name "Fx Liquidity," which can lead to confusion regarding their legitimacy and regulatory status. This review aims to provide a fair and accurate assessment based on available information.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 4 |
We rate brokers based on a combination of user feedback, expert analysis, and factual data.
Founded in 2012, Fx Liquidity operates from Saint Vincent and the Grenadines, offering a variety of trading services primarily through the popular MetaTrader 4 (MT4) platform. The broker provides access to a wide range of assets, including forex, commodities, and contracts for difference (CFDs). However, it is crucial to note that Fx Liquidity is unregulated, which poses risks for potential traders.
Regulatory Status:
Fx Liquidity operates without valid regulatory oversight, which is a significant red flag for potential users. According to multiple sources, including WikiFX, the lack of regulation means that traders have little recourse in case of disputes or issues with fund security. The broker's operations are based in a jurisdiction known for minimal regulatory requirements, which heightens the risk for investors.
Deposits/Withdrawals & Currency Options:
The minimum deposit requirement for opening an account with Fx Liquidity is relatively low, starting at $100 for the micro account. The broker supports various deposit and withdrawal methods, including traditional options like bank wire transfers and popular e-wallets such as Skrill and Neteller. However, the absence of a clear fee structure for withdrawals could lead to unexpected costs, which is a common concern among users.
Bonuses/Promotions:
Fx Liquidity offers several promotional incentives, including a no-deposit bonus of $250 and a 30% deposit bonus. While these promotions can be appealing, they often come with stringent terms and conditions that may hinder withdrawals. Users should carefully read the fine print before proceeding.
Asset Classes:
The broker provides access to a diverse range of trading instruments, including over 55 forex pairs, commodities, and CFDs. This variety allows traders to diversify their portfolios and engage in various trading strategies. However, the lack of indices and stocks may limit opportunities for some traders.
Costs (Spreads, Fees, Commissions):
Fx Liquidity's spreads vary by account type, with the micro account starting at 1.6 pips and the VIP account offering spreads as low as 0.7 pips. While these rates are competitive, the commission structure can be confusing, especially for users who may not be familiar with the costs associated with trading.
Leverage:
The maximum leverage offered by Fx Liquidity is up to 1:500, which can be attractive for experienced traders looking to amplify their positions. However, high leverage also increases the risk of significant losses, particularly for novice traders who may not fully understand the implications.
Trading Platforms:
Fx Liquidity exclusively offers the MT4 platform, which is widely recognized for its user-friendly interface and robust trading tools. However, the absence of newer platforms like MT5 may deter some traders seeking advanced features and functionalities.
Restricted Regions:
Fx Liquidity does not accept clients from several regions, including the United States and Canada. This limitation may restrict access for many potential users, emphasizing the need for transparency regarding geographic restrictions.
Customer Support Languages:
The customer support services at Fx Liquidity are limited, with most support available in English. Users have reported slow response times and a lack of comprehensive support resources, which is concerning for traders who may require assistance.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 5 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 4 |
Account Conditions:
The account conditions at Fx Liquidity are relatively flexible, allowing for a low minimum deposit. However, the unregulated status raises concerns about the safety of funds, which is a crucial aspect that potential traders should consider.
Tools and Resources:
While Fx Liquidity offers the MT4 platform, the range of educational resources and trading tools is lacking. The absence of comprehensive educational materials may hinder the development of novice traders.
Customer Service and Support:
Customer service has received mixed reviews, with many users citing slow response times and limited availability. This lack of support can be detrimental for traders who require immediate assistance or have urgent inquiries.
Trading Setup (Experience):
The trading experience on the MT4 platform is generally positive, but the absence of more advanced platforms may limit options for experienced traders looking for enhanced features.
Trustworthiness:
The lack of regulation is a significant concern for many users, leading to a lower trust rating. Traders are advised to exercise caution when dealing with unregulated brokers, as they may face difficulties in fund recovery and dispute resolution.
User Experience:
Overall, user experiences with Fx Liquidity are varied, with some appreciating the competitive spreads and account options, while others express concerns about the broker's regulatory status and customer support.
In conclusion, while Fx Liquidity presents some attractive trading conditions, the unregulated status and mixed reviews on customer service warrant careful consideration. Traders should weigh the potential benefits against the inherent risks associated with trading with an unregulated broker.
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