LiquidityX Review 2024: Is It a Scam?

All LiquidityX offerings

Summary of LiquidityX

At first glance, LiquidityX might look like a basic forex and CFD broker. In fact, it’s a well-regulated broker that works a lot like InvestMarkets, one of the better forex brokerage firms I’ve reviewed.

Despite its similarities, LiquidityX nevertheless makes a compelling case for itself. This is partly due to its round-the-clock customer service — something most forex brokers don’t offer.

Based on a thorough review of its features, LiquidityX earns a TB score of 7 out of 10.

Let’s take a closer look at how this broker works and everything it has to offer.

Homepage: LiquidityX

Pros and Cons

One of the great features on LiquidityX is its dedicated Glossary, a useful resource for traders who are trying to make sense of the CFD and forex ecosystem.

CFD trading simplified

Evaluating High Impact Factors

LiquidityX has tons of eBooks designed to help users learn how to trade, including a Basic Technical Analysis eBook that I find to be a great resource for beginners. However, only active traders can access these materials.

Educational resources

Trade with LiquidityX If:

• You want a personal account manager to guide you through your trading journey
• You are a regular and professional trader who can deposit a sizable sum up front

All account types

Don’t Trade with LiquidityX If:

• You’re a beginner and still not sure you to commit larger sums to your investments
• You’re not willing to pay high withdrawal fees
• You only trade occasionally and want to avoid paying inactivity fees

Withdrawal fees

Verified Office Address

Our Trading.biz factcheckers have determined that LiquidityX has a physical address at:

• 58 Metropoleos Street, 105 63, Athens, Greece

The broker itself is operated by Capital Securities SA, an investment firm based in Greece.

Company details, including address

Security Standards

LiquidityX takes the safety of client data and funds seriously, implementing effective security measures like:

• 100% fund segregation
• Two-factor authentication
• Stringent AML policies
• SSL encryption

LiquidityX is registered with the HCMC and GEMI in Greece, allowing professional users a decent insurance cap of €20,000.

Anti-Money Laundering guidelines: LiquidityX

Expert Opinions on LiquidityX

LiquidityX has received mixed reviews across online channels. Here are a few to consider:

“LiquidityX was awarded the ‘Best New Forex Learning Provider, Europe’ and ‘Most Reliable Learning Tools, Europe’ at the Global Brand Awards 2021 by Global Brands Magazine.”

Global Brands Magazine, Leading E-Portal

Some users also, however, report having a bad experience with the platform:

“Joao S.: Lost everything in 15 days, pushed for more funds.

Andy J.: Fraudulent oil/gas deals, hard to detect.

Elmar Z.: Pressured for more investment, significant Losses.”

Sebastian Weber, Fraud Detector: X

Expert Review of LiquidityX

After my experience with InvestMarkets, I was on the hunt for a forex broker with tighter spreads. That’s how I came across LiquidityX. It didn’t have the spreads I was looking for, but exceeded my expectations in other ways.

I was particularly impressed by the educational resources. The platform is loaded with insights and reading materials to help users learn about technical and fundamental analysis, NFP, forex CFD trading strategies, and plenty more. Very few brokers are this committed to educating their users and helping them succeed.

Here are some of the other features I liked.

An Extensive Selection of Trading Assets

LiquidityX packs over 300 tradable instruments, from forex picks to cryptocurrencies, indices, stocks, and all the relevant CFDs. The trading interface gives you info about every instrument, right on your dashboard.

You can also place advanced trades and customize pending order levels, spreads, prices, and other aspects to tune the order according to preferences.

List of assets: LiquidityX

A Feature-Packed Webtrader

As a professional trader, I make extensive use of TradingView for my analysis. But I was pleased with the trading console on the LiquidityX Webtrader. From multiple timeframes to all the relevant patterns and indicators, it wasn’t missing any of the features I rely on.

Multiple Account Types

LiquidityX also offers a handy demo account, catering specifically to new traders.

When you’re ready to trade with live funds, there are four account types you can choose from: Basic, Gold, Platinum, and VIP. The deposit threshold varies with each account, with the limit going as high as 250,000 Euros for the VIP account, but the features and perks offered by the higher tiers (including waiving the withdrawal fees) are worth the investment.

Since I was only testing out the platform, I tried out the Basic plan. Even at that tier, I could still access everything I needed, like the Trading Central news bits and standard spreads.

Signing Up with LiquidityX

Opening my account with LiquidityX was very easy.

All you need to do is click the Sign-Up option on the homepage, fill out the form, and you’ll be taken right to the trading dashboard.

The signup flow

For Know Your Customer (KYC) validation, you just need to click “My profile,” go to the dashboard, and upload the relevant documents.

You don’t need to finish that step right away, however. KYC verification isn’t needed for making a deposit.

LiquidityX Dashboard

Once again, I was struck by the similarities between the dashboards on LiquidityX and InvestMarkets.

The LiquidityX dashboard features quite a few elements, making it less minimal than a lot of other trading dashboards. Still, the layout doesn’t feel cluttered. The asset selection is accessible on the left-hand side of your screen, while the right side features asset details, spread insights, Trading Charts, and other useful bits of information.

You can even change the Dashboard theme, which is a nice touch. You can also set push notifications to make sure you never miss important opportunities. And you can check open and ongoing orders.

LiquidityX dashboard

Deposits and Withdrawals on LiquidityX

Before you can start trading, you have to fund your account using one of the following methods:

• E-wallets like Skrill, Neteller, and PayPal
• Credit and debit cards
• Bank wire transfers

I used a PayPal transfer and my deposit showed up in my account almost instantly.

The same methods can be used to withdraw your funds. There are fees, however. Unless you have a VIP account, each withdrawal will cost you between 1.7% and 3%, depending on your account tier. Each type of account does give you at least one free withdrawal, though.

The concept of free withdrawals

Trading Conditions on LiquidityX

LiquidityX is a zero-commission broker. It earns via the trading spreads, which start at 3.2 pips and can go as low as 1.6 pips for the VIP account. The max and minimum spreads are set at $0.12 and $0.08 for trading commodity CFDs, respectively.

LiquidityX spreads

LiquidityX also charges an inactivity fee of €80 per month. This is rather high, and can add up quickly for users who don’t trade frequently.

How to Start Trading with LiquidityX

To start trading with LiquidityX, simply register from the broker’s homepage or through the mobile app.

LiquidityX app

Here are the features for each version:

Android App

• Comprehensive trading functions
• Easy KYC flow
• High-end security
• Live notifications

iOS App

• Access to customizable alerts
• Quick deposit and withdrawal tabs
• Ability to set trading signals
• Access to trading history

Webtrader

• Desktop functionality
• Quick access to the demo account
• Easy-to-locate TipRanks integration

LiquidityX also allows you to access the MetaTrader 4 (MT4) trading terminal as a desktop or mobile app. Through MT4, you can access trader-specific features like expert advisors and multiple trading indicators.

Useful Tools for Traders

LiquidityX is dedicated to creating a great experience for traders. Here are the ones that caught my attention:

• Dedicated cost and margin calculators
• System alerts
• Access to expert advisors and automated trading tools via MT4
• Functional webtrader with support for multiple order types
• Autochartist for tracking currency pairs, indices, and more (access to volatility levels, price charts, and advanced algorithms)
• TipRanks for aggregating stock ratings, Smart Score, blogger opinions, analyst consensus, and other sources of information for making opinion-driven calls

Trader-centric options: LiquidityX

Investing Opportunities on LiquidityX

LiquidityX doesn’t offer any investment-specific accounts or social trading tools.

However, if you’re a professional trader who knows your way around MT4, you can generate passive income via its Expert Advisors (EA) feature.

LiquidityX Affiliate Program

LiquidityX doesn’t currently offer an affiliate program. Instead, it is only focused on active trading.

Even professional clients don’t get investing perks: LiquidityX

The State of Customer Support

LiquidityX has one of the best customer support setups I’ve seen among the forex brokers I reviewed.

Leading the pack is the 24/7 multilingual live chat support. The interface doesn’t take weekends or evenings off, which is great for people who trade in the off hours or around the clock.

On top of that, you can get help through:

• Direct telephone support
• FAQ section for quick query resolution
• Personal account managers
• Email support

Customer support options: LiquidityX

Discover top binary options brokers tailored to your region. Browse our curated lists by country:

All Brokers | Top Brokers | USA | Canada | UK | Australia | Nigeria | India | New Zealand | Germany | Turkey | Spain | France | Ukraine | China | Indonesia | Pakistan | Bangladesh | Russia | Mexico | Japan | Brazil | Philippines | Vietnam | Iran | South Africa | Italy | South Korea | Argentina