Good day to all. First let me introduce myself. My name is Esteban (middle name). I have been following this forum and specifically this topic for about a year on and off. Gained a lot of information from it. I just felt compelled to share my experiences with one of the brokers here as a warning about doing Forex offshore.
The brokerage is LQDFX. I have seen many positive reviews by them. I had a positive view of them until lately. I joined them in July '17 with about $3k. At first it was pretty good as are most brokerages out there. I deposited more money in the last month or so but I started to notice, well blatantly, actually, that all my orders in demo and live would go against me, the old trade against your client. I mean every order. Do I know how to trade? Yes. I use math and statistical analysis: Ranges, standard deviations, distributions, coefficient of variations and so on. I even have several winning streaks going for a few months. Still do. I guess that was the problem.
I noticed that prices would never retrace or only slightly, my opening price would be used as support and resistance every time. They tried at first not to make it too obvious, but now it is ridiculous. For example, I would try to trade the hot currency (not pair), and every single time, price would go against me in all pairs, every time. Didn’t matter what the time of day was. I get the hint. I even found a way to beat them @ their own game but I’m done.
Now I am in a dispute to try to get all my funds back which is substantial and they are using all kinds of tricks. “We will offer other means of withdrawal other than credit card” or “we have strict rules about money laundering when requesting a withdrawal via VLoad”, when I never initiated a VLoad withdrawal nor do I have a VLoad account. So what I am saying is STAY AWAY from LQDFX. Hopefully I’m get my money back but still disputing. I closed all my accounts and am waiting for a Bitcoin refund (hopefully @ a good rate, hopefully). My advice to anyone, avoid these offshore thugs. I was going to try some of the others but at this point, I just want my money and go back to trading options. At least I know where my money is. Good day to all.