Liquidityx Review

LiquidityX is a Forex and CFD broker based in Athens, Greece. It provides all the tools needed for active trading and allows using third-party services for passive income. You can trade on their own platform or on MetaTrader 4 (MT4). In this review, we will discuss LiquidityX’s pros and cons, regulation and security, fees, account types, deposits and withdrawals, trading platform, research and education, and customer support to see if it’s a good choice for investors.

🏢 Headquarters 58, Metropoleos Street, 105 63, Athens, Greece
📅 Year founded 1994
🗺️ Regulation HCMC
💻 Trading platform: MT4 (desktop, Android app, iOS app, and WebTrader) and the broker’s own (proprietary) web trading platform
💰 Account currency: EUR
📊 Accounts: Demo, Basic, Gold, Platinum, and VIP
💵 Withdrawal options: Bank cards, electronic payment systems, and wire transfer
💵 Deposit options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill, SOFORT, Trustly
🚀 Minimum deposit: €250
⚖️ Leverage: Up to 1:400 for professionals, Up to 1:30 for retail clients
☪️ Islamic account (swap free) Not Available
🎮 Demo Account Yes
💱 Spread: From 1.6 pips
🔧 Instruments: Forex, stocks, indices, commodities, ETFs, and cryptocurrencies
📋 Orders execution: Market Execution, Instant Execution
☎ Customer Support: 24/7
📚 Education Yes

Fees

On the account section of LiquidityX’s website, the spreads range from 1.8 to 3.2 pips or $18 to $32 per standard lot. The MT4 trading platform and the web-based option show a mark-up of only 0.6 pips or $6.00 per lot, making them very competitive for commission-based pricing.

Most traders use MT4, so we focus on the minimum spread of 0.6 pips we noticed. One often overlooked trading cost is the swap rate on leveraged overnight positions. Depending on the trading strategy, this can become the most significant fee per trade. We always recommend checking these rates before evaluating total trading costs. LiquidityX offers a positive swap on EUR/USD short positions, meaning traders get paid money.

MT4 traders can check swap rates easily by following these steps:

  • Right-click on the desired symbol in the Market Watch window and select Specification.
  • Scroll down to find Swap Long and Swap Short.

The commission-free Forex pricing environment is very competitive, and we recommend traders consider it. We appreciate that LiquidityX does not manipulate financing costs and passes positive swaps onto client portfolios.

The inactivity fee at LiquidityX is €80 monthly after one month of dormancy.

Pros and Cons

Pros Cons
The broker follows the rules of the European Financial Supervision Commission. Requires a higher minimum deposit compared to many Forex brokers.
Offers four types of accounts for retail traders and special conditions for professionals. Has high spreads and limited leverage for non-professional traders.
Provides MetaTrader 4 on mobile, desktop, and WebTrader, along with demo trading platforms. Charges withdrawal fees.
Protects all account types from negative balances.
Offers a wide variety of currency pairs and CFDs.
Provides free fundamental data and forecasts based on technical analysis.

Regulation and Security

Trading with a regulated broker reduces the risk of fraud and malpractice. We recommend traders check for regulation and verify it with the regulator’s database. LiquidityX offers clients a well-regulated service.

The Hellenic Capital Market Commission (HCMC) is a lesser-known regulator. It operates under the European Securities and Markets Authority (ESMA) and follows MiFID II rules. Client deposits stay separate from corporate funds, and the Guarantee Fund in Greece protects clients up to €100,000 if there is a default.

Negative balance protection is available, which is essential for margin trading. Although the HCMC is not a top-tier regulator, it is still effective. Capital Securities SA has a clean regulatory record and over 25 years of experience as a financial firm.

Account Types

There are four types of accounts, each with different fees and deposit requirements. They also vary in the number of free withdrawals:

  • Basic: The minimum deposit is €250, and the spread for the EUR/USD pair starts from 3 pips. One free withdrawal is available.
  • Gold: The minimum deposit is €25,000, and spreads start from 2.7 pips. The first withdrawal per month is free.
  • Platinum: The minimum deposit is €100,000, and the spread starts from 2.1 pips. Three free withdrawals per month are available.
  • VIP: There are no withdrawal fees. The minimum deposit is €250,000, and the spread for the EUR/USD pair starts from 1.6 pips.

Deposits and Withdrawals

Clients need to submit all withdrawal requests through the back office. LiquidityX allows one free withdrawal each month, which should be sufficient. A 3.50% fee applies to credit/debit card withdrawals, and there is a €30 fee for bank wire withdrawals. Traders might also have to pay third-party fees. With one free withdrawal available, this shouldn’t be an issue.

We recommend making no more than one withdrawal per month. Withdrawal requests are processed within 24 hours, but it might take up to five business days for clients to receive their funds. Although LiquidityX mentions other options besides credit/debit cards and bank wires, it does not provide details.

Trading Platforms

LiquidityX offers clients the reliable MT4 trading platform in its core version. Although Trading Central services are available, we couldn’t find the MT4 plugin. These services are integrated with the web-based trading platform, which is perfect for beginner traders who trade manually.

For automated trading, MT4 is the best choice. It also has a built-in copy trading platform. While the web-based option has a simpler user interface, it doesn’t match the functionality and versatility of MT4. Both trading platforms are also available as mobile apps.

Research and Education

LiquidityX gets its research from Trading Central and TipRanks, which are reliable sources of unbiased information. These sources provide traders with high-quality research and trading ideas.

Beginner traders can use educational resources and a demo account. However, these features are not unique to LiquidityX; many other brokers offer them as well. It seems LiquidityX is not fully committed to providing educational content, including explanations of Trading Central’s trading recommendations.

Customer Support

LiquidityX offers 24/7 live chat for client support. They also provide an email address and a phone number for urgent issues, along with their registered address. LiquidityX doesn’t specify customer support hours, so it’s likely available during regular business hours in Greece.

Conclusion

We do not recommend LiquidityX as a broker because it is unregulated and most clients are unhappy with it, according to reviews. Their trading conditions are not competitive, with spreads for the EUR/USD pair as high as 3 pips. Their educational resources and demo account are not unique, as many other brokers offer similar features. The minimum deposit for the Basic account is higher than other brokers we have used. While the MT4 platform works fine, the lack of regulation makes us question the broker’s legitimacy. Overall, you should consider other options.

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Liquidityx Review