LiquidityX Review – Licensed and Safe CFD & FX Broker
LiquidityX has been operating as a reputable broker since 1994. They offer a range of financial services to traders around the world.
This brokerage firm operates under the regulatory body HCMC, from Greece. Because HCMC licenses are uncommon, we are curious whether LiquidityX meets their standards. Our full LiquidityX review will explore some of its challenges.
|Broker status:||Regulated Broker|
|Owned by:||Capital Securities S.A.|
|Supported Platforms:||MetaTrader4 and a Webtrader|
|Cryptocurrencies:||Crypto vs USD, EUR, GBP|
|Types of Assets:||Forex, CFD, Stocks, Indexes, Crypto, and Commodities.|
|Maximum Leverage:||from 1:30 to 1:400|
|Free Demo Account:||Yes|
|Accepts US clients:||US traders are not accepted|
Is LiquidityX A Regulated Forex Broker?
LiquidityX is a reputable CFD broker operating in Europe. Capital Securities S.A. owns this broker. It is regulated by the Hellenic Capital Market Commission (HCMC). They hold a valid license with the HCMC under license number 2/11/24.5.1994.
The company’s address is Athens, Greece. You can reach them at +302111995046.
By holding a valid license with the HCMC, LiquidityX gives traders confidence in its legitimacy. The company is transparent in its pricing and fair trading conditions. They also have excellent customer support.
We note that LiquidityX doesn’t have Tier 1 regulation.
LiquidityX Available Trading Software
LiquidityX provides both MetaTrader4 and a Webtrader platform.
MetaTrader4 is a sophisticated platform and an industry leader. Among the tools offered by this platform are Expert Advisors, reliable indicators, and others. These advantages come at no extra cost which is excellent.
The Webtrader platform is not as functional as MT4 but has a more appealing design. Yet, the demo account may be misleading as the EUR/USD spread is only available for real accounts with deposits over €250,000.
For the basic account, the buy/sell difference can be over 3 pips, meaning each EUR/USD lot costs over $30.
Additionally, LiquidityX doesn’t charge commissions, which means it operates as a market maker. Other respected brokers also offer ECN accounts with more affordable spreads.
LiquidityX ‘s Trading Assets and Instruments
The broker offers a wide range of trading instruments that you can trade from their website or through MetaTrader 4. LiquidityX provides access to over 360 different trading instruments.
Trading instruments include:
- currencies, and
- ETFs, among others.
LiquidityX offers traders 55 currency pairs such as EUR/USD, USD/OMR, and EUR/SEK, 45 cryptocurrency pairs such as Polkadot, BinanceCoin, or Ripple, 21 commodities, and 36 index CFDs. For equity traders, the broker provides access to 232 assets, catering to retail traders.
LiquidityX Countries Of Service
Most LiquidityX reviews are from Spain, Italy, the Netherlands, Portugal, and Germany. As a firm regulated by HCMC, LiquidityX can offer financial services in the EEA zone and Switzerland.
Yet it has decided not to include Belgium. It raises the question of why. That is because the Belgian regulator is one of the strictest in the EU, or there is another reason behind it.
There is no information about LiquidityX providing services in the UK. So, we assume they do not offer any services in this country.
What Are The Different LiquidityX Account Types?
LiquidityX offers several live account options, including Basic, VIP, Platinum, and Gold. When setting up a trading account, you need to consider leverage and minimum deposit requirements.
The leverage at LiquidityX goes from 1:30 up to 1:400. The minimum deposit required to open an account with this broker is $250.
Can a Trader Use a Demo Account?
Yes, they offer the forex demo account. This broker lets you open a free demo account for both trading venues. MetaTrader 4 platform allows traders to create conditions very close to live trading.
Furthermore, you can not find any time limit on the LiquidityX demo account. It is ideal for testing and practicing strategies. Yet, the demo account for the web-based trading platform offers €100,000 in virtual funds.
LiquidityX SSL Certificate
On their website, LiquidityX claims to use the highest standard PCI scan and SSL certificate to protect traders. All data on the platform is safeguarded through the use of strict firewall protocols and Secure Sockets Layer (SSL) software.
In addition, to ensure secure storage and management of your data and forms, transactions are moderated by Level 1 PCI compliance services.
Terms and Conditions for LiquidityX
By using LiquidityX, you agree to its terms and conditions, which require users to be at least 18 years old and legally capable of entering a contract.
Users must create an account with accurate and up-to-date information and keep their account information secure. LiquidityX facilitates the buying and selling of cryptocurrencies, and users must comply with policies and applicable laws and regulations. Fees may apply for using LiquidityX’s services.
Leverage, Spreads, and Fees
The maximum leverage for retail clients is 1:30, in line with EU guidelines imposed by ESMA. For professionals, the ratio can reach up to 1:400. Brokers in the EU, UK, and Australia are all subject to the same leverage limitations. Forex regulations are similar in these jurisdictions, with minor differences.
The minimum spread of 3.2 pips is pricey, but as the MT4 and the web-based trading platforms showed, a 0.6 markup is available.
In case of inactivity for a month, an 80 EUR fee will be charged to the client’s account each month. Therefore, it is important to monitor your account regularly to prevent it from becoming inactive. Withdrawal fees on the platform are consistent with industry standards, with a 3.5% fee for card withdrawals and a fee of 30 USD/EUR/GBP for wire transfers.
What Should I Do If I Have a Problem?
If you encounter any issues while investing with our broker, please don’t hesitate to contact us. You can file a LiquidityX complaint immediately, and we will work with you to resolve the problem.
You can report any irregularities, and we offer free consultations to help you solve a possible issue with them. Please tell us about your experience!
What Is LiquidityX?
LiquidityX is a legitimate online FX and CFD brokerage that uses the MT4 platform.
Is LiquidityX a Regulated Broker?
Yes, they are regulated by the Greek HCMC-Hellenic Capital Market Commission under license number 2/11/24.5.1994.
Is LiquidityX Available in the United States or the UK?
No, they are not available in the USA or the UK, unfortunately.
Does LiquidityX Offer a Demo Account?
Yes, they offer a demo account. LiquidityX provides a free demo account for both trading platforms.