LiquidChart, a brokerage firm, promises traders the opportunity to unleash limitless potential, accelerate success through innovative tools, personalized support, and endless growth opportunities. Tempting, right? Yet, we harbor significant reservations regarding the broker’s legitimacy, its trustworthiness, and the security of its client funds. While the company has received a mix of reviews, our stance leans towards it being a scam. Curious as to why? Continue reading.
Table of Contents
Highlights
| 🏛️ Country | – |
| ⚠️ Regulation | – |
| 🖥️ Website | liquidchart.com |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | – |
| ⚖️ Minimum and Maximum Leverage | 1:200-1:400 |
| ⚙️ Trading Platform | WebTrader |
| support@liquid-chrt.com | |
| 📞 Phone | +441618184141 |
First Impression of Liquidchart.com
The LiquidChart official website’s layout isn’t notably distinctive or striking. It employs a commonly recognized template that is instantly discernible. Set against a backdrop of black and yellow, mainstays like Bitcoin, Ethereum, and others take the spotlight. The upper portion hosts standard tabs detailing account types, platform features, company operations, contact information, and market analysis.
The LiquidChart website gives off an aura of being budget-made, trying to portray the broker as a safe and trustworthy financial partner. Virtually every statement underscores how splendid and advantageous their services are, yet it lacks depth and detail. It’s filled with superfluous and incoherent content.
Partnership and Bonuses
LiquidChart has an affiliate program for those aiming for extra earnings. While the company doesn’t openly share precise details, they equip partners with banners, tracking URLs, marketing resources, and tech support.
Additionally, traders can receive a deposit bonus, though its specifics aren’t detailed. It’s vital to note that such bonuses come with conditions, and unless met, users can’t withdraw their money. For many novice traders, these bonus schemes are a deposit trap. The set conditions often result in new traders losing funds faster than they can achieve the bonus terms. Cunning brokers, like LiquidChart, are keen on encouraging users to activate these bonuses, highlighting the benefits, but downplaying the drawbacks.
Account Opening on Liquidchart.com
To set up an account with LiquidChart, simply register on their website. You’ll be required to input your first and last names, specify your country, phone number, and email, and choose your preferred language (either English or Russian). If you have a promo code, you can enter that too. Lastly, you must agree to their terms and verify that you’re at least 18 years old.
After registering, the broker mandates an email confirmation. Interestingly, the password email often lands in the “spam” folder. However, email verification isn’t the final step. Clients are then required to engage with LiquidChart’s customer support team. This additional step seems quite peculiar. Why isn’t it straightforward to create an account, deposit, or try a demo, and just begin trading? Why the extra step of speaking with a manager? We speculate it might be a tactic for the company’s representatives to encourage clients over the phone to deposit larger sums than they initially planned. Also, it’s worth pointing out that they don’t offer a demo account.
Verification
In LiquidChart, identity verification is a prerequisite. Withdrawing funds without verification is not feasible, and we suspect that it might be challenging even with verification. Only high-resolution colored photographs of documents are accepted, and the website’s “documents” section provides a comprehensive list. Besides identity verification, clients must also provide proof of their address.
- It’s convenient to upload documents.
- You can’t trade without KYC.
Trading Software
You can’t familiarize yourself with the trading platform without reaching out to LiquidChart’s representatives. The platform is described on their official website as WebTrader, which is incorporated into the user dashboard. Additionally, there is a .exe version for PCs and a .apk file available for Android users. This implies that users need to download and install the mobile terminal directly from the .apk file, bypassing the official Play Market. We’re left wondering about the potential security threats these files may pose. Unfortunately for iPhone users, no application has been developed.
The terminal incorporates all primary market types, trading history, features like stop-loss/take-profit, market and limit orders, indicators, and tools for technical analysis. However, LiquidChart’s trading software probably can’t claim to be teeming with tools or to be highly versatile. It likely pales, in comparison to MetaTrader, a leading name in the Forex software realm.
| Features | LiquidChart | Xeodis | Vourteige |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ✔️ | ✔️ | ❌ |
| Own Development | ✔️ | ❌ | ❌ |
How Can I Trade With LiquidChart?
LiquidChart operates as a typical brokerage firm, offering an array of tariff packages, leverage options, and CFD trading. Interestingly, various terms, including spreads and fees, remain undisclosed on their official website. One can only uncover these details either through firsthand experience, which would necessitate funding an account, or by directly consulting their managers.
All Info About Accounts
Traders have the option to select one out of the three available tariff plans. The minimum deposit requirement for each account type remains undisclosed. As you opt for a superior account type, LiquidChart offers a broader range of additional services, encompassing support from a dedicated manager, complimentary VPS, access to exclusive webinars, and reduced swap rates. Depending on the chosen tariff, leverage can range from 1:200 to 1:400.
The trading conditions appear to be both hidden and lacking diversity. There seem to be no distinct advantages for Gold account holders over those with Silver, or Platinum over Gold. Details about the account managers, such as their licensing and experience, haven’t been shared. The presence of swap discounts raises questions, especially in the absence of an Islamic account option. Additionally, the lack of cent account types limits options for those hesitant to commit substantial funds but are keen to test the platform with real capital. The ECN is also absent.
- None.
- Monotonous trading conditions.
- Deposit size for tariffs is not specified.
- No demo, ECN, or Islamic account.
Market Analysis and Education With Liquidchart.com
LiquidChart provides all its users with educational resources, encompassing insights on asset classes and FAQs. Beyond this, they offer a suite of supplementary tools: an exchange ticker, insights into the crypto market, technical analysis, an economic calendar, real-time market quotes, and trading hours.
Deposit, Withdrawal, and Fees
LiquidChart allows users to make deposits and withdrawals through credit/debit cards, bank transfers, and electronic payment systems. While there’s no specific mention of cryptocurrency, it’s possible it’s also accepted for transactions. The platform doesn’t disclose any associated fees, but it does confirm that withdrawals using credit/debit cards are without any charges.
| Features | LiquidChart | Gainful Markets | MaxiWyse |
|---|---|---|---|
| Debit/Credit Cards | ✔️ | ✔️ | ✔️ |
| Electronic Payments | ✔️ | ❌ | ❌ |
| Crypto Transfers | ❌ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
LiquidChart offers email and phone contact options. Their official website also provides a feedback form and a live chat feature. Both the email and phone number are legitimate. However, upon checking the phone number, there was a complaint about it being associated with a spam call labeled as a “Spam investment advisor. Nuisance caller.” It suggests that the company might be actively reaching out to potential clients in an intrusive manner, possibly with deceptive intentions.
- There is an online chat for prompt communication.
- Real contact information is provided.
- Phone number labeled as a nuisance caller.
- There is no social media.
Is LiquidChart Dangerous?
At the moment, LiquidChart exhibits some red flags. Although it can’t be conclusively labeled as fraudulent, there’s an undeniable scent of suspicion surrounding it. Let’s further explore the broker’s key details, particularly its duration of operation and the licenses it has obtained.
How Long Does The Broker Work?
The official website doesn’t reveal the company’s establishment date. Additionally, there are no legal documents present that might offer this insight. Yet, the LiquidChart domain indicates it was registered in June 2023, which is relatively recent. It is probably a rough indication of when the firm commenced its operations.
How Is LiquidChart Regulated?
LiquidChart is registered somewhere in the European Economic Area. However, no specific country or detailed legal address is provided. This information is crucial, especially considering that to secure a European license, registration within one of the European Union countries is mandatory. There’s no mention of such a license on their website, making it redundant to sift through records of European regulatory bodies. Had they secured a license, it’s likely the company would’ve highlighted it prominently.
Nevertheless, we went a step further and checked the company against the ESMA (European Securities and Markets Authority) database and simultaneously checked MiFID2. As expected, our search returned no matches.
| Features | LiquidChart | Geetle | Spotinvest |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
Kevin Berry When a brokerage confidently claims to operate within Europe, yet hasn’t secured the requisite licenses, it appears utterly ludicrous. The fraudsters behind LiquidChart seem clueless about the trade and the standards expected of a European broker. With extensive trading experience under my belt, I can immediately distinguish between a scam and a legitimate forex partner. In reality, such a company wouldn’t last a month; regulators would promptly shut down this illegal venture of crooks and swindlers. Hence, it’s not worth risking your money by opening a brokerage account here, especially when the terms are as covert as the company itself.
LiquidChart rating
3 reviews about LiquidChart
There aren’t many reviews about liquidchart online, indicating it’s likely a fresh scam. I don’t believe this deceit is any different from other similar schemes. While depositing funds seems to work, withdrawing them is probably impossible.
I advise you to steer clear of these fraudsters. It’s not worth the risk. Opt for a legitimate and reputable broker with at least 20 years of proven track record. As for this scam, it’s best to forget about it entirely. It’s not worth your time.
Much to my regret, LiquidChart turned out to be a fake brokerage. I believed it was a genuine European broker, leading me to invest over €2,000. Unfortunately, I failed to check European regulators’ registries for any mention of LiquidChart. After making my deposit, I reached out to a seasoned trader for advice. He informed me that I had made a mistake by pouring money into a fraudulent scheme. In plain words, it’s a fictitious dealing desk that falsely claimed to operate under European jurisdiction. Most likely, this organization doesn’t even genuinely exist. How naive was I! I overlooked the lack of legal documentation on their website, the absence of a specific legal address, and the fact that there’s no mention of a license. As a result, I can’t withdraw my funds now. This is the price you pay when you don’t check a brokerage intermediary.
These scammers have truly crossed a line. They call every day, trying to lure me into making a deposit. I’m clueless about how they got hold of my phone number. Perhaps they procured some phone database from the darknet, and now they’re dialing up all their potential victims. When a broker reaches out first, it’s a clear red flag of fraud. Legitimate and honest companies don’t engage in such tactics; only scambrokers do. Clearly, LiquidChart is one of these scambrokers.
If these swindlers ring you up as well, you know what to do. Under no circumstances should you entertain their talk, or they might sweet-talk you into transferring money without even realizing you’ve been duped. I’m blocking their numbers to ensure they can’t bother me again.