The United Kingdom’s Financial Conduct Authority has issued a warning againstLiquidoxtrading.org in October 2023
If you are looking for a reliable and trustworthy online broker, you might have come across Liquidoxtrading.org. This website claims to offer a variety of trading services, such as forex, stocks, commodities, indices, and cryptocurrencies. But is Liquidoxtrading.org a scam or a legit broker? In this review, we will examine the features, pros, and cons of Liquidoxtrading.org and help you decide whether it is worth your time and money.
What is Liquidoxtrading.org?
Liquidoxtrading.org is an online trading platform that was launched in 2020. According to its website, it is operated by Liquidox Trading Ltd, a company registered in St. Vincent and the Grenadines. The website also states that Liquidoxtrading.org is regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.
Liquidoxtrading.org offers access to over 200 trading instruments, including forex pairs, stocks, commodities, indices, and cryptocurrencies. It also provides various trading tools, such as charts, indicators, signals, news, and analysis. Liquidoxtrading.org claims to have a user-friendly and intuitive web-based platform that is compatible with any device and browser. It also offers a mobile app for Android and iOS devices.
Liquidoxtrading.org has four types of accounts: Basic, Standard, Premium, and VIP. The minimum deposit for the Basic account is $250, while the maximum leverage is 1:200. The other accounts have higher minimum deposits and lower leverage levels. The spreads and commissions vary depending on the account type and the trading instrument. Liquidoxtrading.org also offers a demo account for practice purposes.
Liquidoxtrading.org supports various payment methods, such as credit cards, debit cards, wire transfer, Skrill, Neteller, and Bitcoin. The minimum withdrawal amount is $100, and the processing time is up to five business days. Liquidoxtrading.org charges a withdrawal fee of $30 for wire transfers and 3.5% for credit cards.
Liquidoxtrading.org has a customer support team that is available 24/5 via phone, email, live chat, and web form. The website also has a FAQ section that answers some common questions about the platform.
Pros and Cons of Liquidoxtrading.org
- A wide range of trading instruments
- Various trading tools and features
- A user-friendly web-based platform and a mobile app
- Multiple payment methods
- A lack of transparency about the company’s background and regulation
- High minimum deposit and withdrawal amounts
- High withdrawal fees
- No MT4 or MT5 platforms
- No US clients accepted
Is Liquidoxtrading.org a Scam or a Legit Broker?
Based on our research, we cannot recommend Liquidoxtrading.org as a reliable and trustworthy broker. There are several red flags that raise doubts about its legitimacy and credibility.
First of all, the company behind Liquidoxtrading.org is registered in St. Vincent and the Grenadines, which is a notorious offshore jurisdiction that does not have strict regulatory standards or oversight for online brokers. The FSA of St. Vincent and the Grenadines does not issue licenses or regulate forex brokers, so Liquidoxtrading.org’s claim of being regulated by this authority is false and misleading.
Secondly, the website of Liquidoxtrading.org does not provide any information about the company’s history, team, or location. There is no way to verify the identity or reputation of the people behind this platform. This lack of transparency is a common sign of a scam broker that tries to hide its true nature from potential clients.
Thirdly, the trading conditions offered by Liquidoxtrading.org are not favorable for traders. The minimum deposit and withdrawal amounts are high compared to other brokers in the industry. The withdrawal fees are also excessive and unreasonable. The spreads and commissions are not clearly disclosed on the website and may vary depending on the account type and the trading instrument. The platform does not support MT4 or MT5 platforms, which are the most popular and widely used trading platforms in the world.
Finally, there are many negative reviews and complaints from customers who have used Liquidoxtrading.org. Some of them claim that they have been scammed by this broker and have lost their money. They report issues such as difficulty in withdrawing funds, poor customer service, manipulation of prices and trades, and unauthorized charges on their accounts.
Therefore, we advise you to avoid Liquidoxtrading.org at all costs and look for a more reputable and regulated broker that can offer you better trading services and security.
What to Do If You’ve Lost Money with Liquidoxtrading.org?
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