TheLiquidity

TheLiquidity might have one of the coolest names that we’ve encountered, as far as brokerage firms go, but does the charm expand to anything else but the nomenclature? Read on to find out.

The footer and the T/C claim that the broker is registered as an International Business Company is St. Vincent and the Grenadines.

Even if the company is registered in St. Vincent and the Grenadines, it makes no difference. What matters is the fact that SVG does not regulate Forex and CFD brokers, meaning that that TheLiquidity is UNREGULATED, and probably a well thought off scam. Not to mention that the site crashed on us on multiple occasions.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirement for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

The leverage depends on the account type:

The story with the spread is the most common ever told. It goes like this: We could not finish our registration process because we did not receive a verification code, so a spread from the trading platform is out of the question. So we are left with what the broker claims to be the minimum spreads for the different accounts:

Note that there are a number of spread inconsistencies throughout the site.

Trading assets are shown as Forex Pairs, Commodities, and Metals.

The only language given to us was English.

THELIQUIDITY LOGIN

The famous MT4 makes a comeback.

METATRADER 4

This platform holds the popularity title for many a reason: charting tools, custom indicators, practical chart management, expert advisors and more. MT4’s VPS allow for seamless automated trading at all times, uninterrupted by computer failures, sudden power cuts or connectivity issues.

Nevertheless, the platform was out of our reach since TheLiquidity never sent us a verification code, and so a proper spread we cannot give you.

There are commissions for the VIP and Premium accounts. The VIP account commission is $2 per side, or $4 round turn directly increasing the spread with 0.4 pips. The Premium account commission is $8 round turn which increases the spread by 0.8 pips.

The leverage depends on the account type. The Micro Account offers 1:500, which should be carefully traded with; the VIP has 1:200; and the Premium Account has 1:400.

The Metatrader is available on Apple/Android devices, and as a desktop trader.

THELIQUIDITY MINIMUM DEPOSIT

The minimum fund, as is with the leverage, depends on the account type:

Funding methods are as follows: Bank Transfer, Visa, MasterCard, Neteller, Skrill, PayPal. How many of these are relevant is a question of guessing, mainly because we could not access our account.

This unregulated broker should not be trusted with you deposit, hence our vote against making any investments in it. If traders wish to trade in a safe and regulated environment, we recommend any broker that has a license from the FCA/CySEC since these agencies are renowned for their strict law enforcing and protection of clients’ investments and personal information.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so. And even if TitanPro500 does briefly warns to cover the CVV code, we are still prone to advice you to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

THELIQUIDITY WITHDRAWAL TIME AND FEES

There is no minimum withdrawal amount.

If a request has been submitted before 10:00 am server time, it will be processed within the same working day. Otherwise, it may take up to 24 hours, and up to 5 business days for Bank Transfers.

TheLiquidity does not charge for withdrawals, but individual payment providers might.

ADDITIONAL FEES AND TAXES

Even without any mention of additional fees in the Legal Documents, we want to remind readers that this brokers is unlicensed and therefore nothing stops it from launching incoming charges and commissions at traders.

Unlicensed brokers utilize smartly crafted tactics to keep you as invested as possible into their schemes of deception, the most popular one being the denial of your withdrawal request. The most common excuses for denying your withdraw requests are usually smart and for the most part scripted. These include but are not limited to loopholes in the T/C, asking for more deposits in order to withdraw, or just prolonging your pending withdrawal by claiming that the market will suddenly propel, multiplying your winnings by unrealistic proportions.

ACCOUNT VERIFICATION

If a broker is unlicensed, never give you ID and personal details to it, because the broker will use these details against you once you file for a chargeback. Furthermore, any allegation held against the brokerage will be easily refuted if they have in their possession a copy of your ID and proof of address.

The most important thing to note is that this broker will not return your deposit, nor will it pay your winnings. It never had this intention in the first place. The best advise is to walk away from it, and go straight for a regulated broker. The FCA and CySEC are the top non-US license issuers, and those under their gaze are bound by the law to put the security of users’ funds as pivotal priority.

HOW TO RECOVER

Filing for a chargeback is the best adviцe we could give you. Immediately contact your bank or credit card company and lay out the circumstances.

Any details you might have shared with the broker, most notably the CVV code, are sure to be used against you, thus you should swiftly cancel your credit card ASAP.

At some point or another you might stumble upon a “recovery” agent or agency that promises to retrieve all your money back. This sounds all too good to be true, and that’s because it isn’t. Before proceeding with the recovery they will ask a payment for their services. If you choose to indulge them, they will disappear with the money without a hint of remorse.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

TheLiquidity, ironically, is more of a rolling stone that will keep on going until it disappears to no one’s notice. Traders should not intervene. Keep away!