LidyaFX Journal (Broker out of business)

Journal status: closed
LidyaFX out of business
LidyaFX Profile
Website
www.lidyatrade.com
Year
2019
Country
SVG
Branches
2
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
STP, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
100 ms
LPs total
6
LPs quality
Tier-1 Banks, MTFs
LPs names
Commerzbank, Equinix, LMAX, Nomura, SMBC, UBS

LidyaFX Accounts
ECN
Minimum Deposit
300 $
Leverage
200 : 1
Minimum Lot
0.01 lots
EURUSD spread
1 pips
Commission
0 $/lotRT
Volume
...
Margin Call
...
Stop Out
...
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, WebMoney, Perfect Money, Bitcoin
Base currency
USD, EUR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 6 months
Update broker

Is LidyaFX safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is LidyaFX trusted?

  • Information transparency: sufficient ★★★
  • Customer service: virtually non-existent
  • LidyaFX website: uninformative, updated ★★
  • LidyaFX popularity (by visitor count): low visits ★★

How LidyaFX works



7.1. The Parties are entering into this Agreement as principal to principal. For the avoidance of any doubt, in relation to individual Orders for CFD transactions the Company shall not execute such Orders against its Client as a principal to principal, but shall transmit or arrange for the execution of such Orders acting in behalf of its Client with a third party (Execution Venue)

The Company (or any associate) may benefit from commission, mark–up, mark–down or any other remuneration where it acts for the Counterparty to a Contract.

13.7. In respect of any transactions to be affected OTC, the Company shall be entitled to quote prices at which the Execution Venue is prepared to trade with the Client.

“Counterparties” shall mean banks and/ or brokers through whom the Company may cover its transactions with Clients;

26.1. The Client is not allowed to enter into any form of prohibited trading i.e. certain trading techniques commonly known as "arbitrage trading", "picking/ sniping"; ‘heavy scalping’ or the use of certain automated trading systems or “Expert Advisors”; and/or follow an abusive trading strategy i.e. any trading activity which is aiming towards potential riskless profit by opening opposite orders, during periods of volatile market conditions, during news announcements, on opening gaps (trading sessions starts), or on possible gaps where the underlying instrument has been suspended or restricted on a particular market, between same or different trading accounts.


LydiaFX is a true ECN broker that relies on this technology to ensure that its customers are not effected by the annoying requotes and offer the maximum speed and accuracy of the price feeds.



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