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Abstract:The only true way to protect your hard-earned money in the forex market is by staying informed and alert. With the growing number of fraudulent brokers, this dynamic and tempting market has become increasingly risky. Awareness is your best defense. This article serves as another important scam alert, to help you stay safe and avoid losing your money.
The only true way to protect your hard-earned money in the forex market is by staying informed and alert. With the growing number of fraudulent brokers, this dynamic and tempting market has become increasingly risky. Awareness is your best defense. This article serves as another important scam alert, to help you stay safe and avoid losing your money.
1. Relatively New Broker- LQH Markets is a relatively new broker, operating since 2023. Choosing to trade with a newly established company can be risky, as such brokers often lack a solid track record, industry recognition, and sufficient client reviews to verify their trustworthiness. Additionally, new brokers may not yet have the experience or infrastructure needed to effectively handle customer support issues or respond to market volatility.
2. WiKiFX Warning - According to WikiFX , this broker is a scam broker and having low score. WikiFX has issued a clear and direct alert urging users to avoid LQH Markets. They highlight the brokers low rating and confirm it lacks valid regulatory approval—stating: “Warning: Low score, please stay away!... No valid regulation… be aware of the risk.”
3. Lack of Proper Regulation- Regulation is one of the most crucial factors to consider when choosing a forex broker. A properly regulated broker is supervised by reputable financial authorities that enforce strict rules to protect traders and ensure fair, transparent business practices. In contrast, an unregulated or loosely regulated broker operates without accountability, putting your funds at significant risk.LQH Integrated Ltd, claims to hold an International Brokerage and Clearing House License in Comoros . A jurisdiction known for its weak regulatory standards. This type of license offers little to no real protection for investors and is generally considered unsafe and unreliable by industry standards.
4. Low Trust Score- LQH has a very low score of 1.77 out of 10 on WikiFX. This low rating is a big warning sign and raises serious doubts about the brokers trustworthiness. A score this poor often means there are problems with customer service, transparency, or overall reliability. It's one of the red flags we've found. You must not ignore it.
5. Regional Restrictions- A major red flag is that LQH does not offer its services in key financial markets, including Restricted Regions: LQH Integrated Limited does not provide services for citizens/residents of the United States, Cuba, Iran, Myanmar, North Korea, Sudan, China, Singapore and to jurisdictions on the FATF, OFAC and EU/UN sanctions lists.
6. Withdrawal Delays- Numerous traders have expressed concerns about the way LQH Markets operates, pointing to issues like slow withdrawals, surprise fees, and inefficient customer support. One of the most commonly reported problems is the delay in processing withdrawal requests, which can be particularly frustrating for traders who need timely access to their funds.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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