Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
10/10 · CriticalNo licence from any regulator while taking deposits, and ldfx.net sits on the Bank of Russia warning list as an illegal securities participant.
Identity & transparency
9/10 · CriticalConflicting entity names (Ludi Markets LLC vs Shanghai LuDie International Trading Limited), no registered address or jurisdiction, and hidden WHOIS ownership.
Withdrawals & conduct
4/10 · ModerateIndependent sources allege blocked withdrawals and advance-fee demands; the fund-integrity theme is clear but individual cases could not be transactionally verified.
Reputation
8/10 · CriticalA regulator warning plus multiple scam-tracking write-ups, with no credible legitimate positive footprint.
Website claims
8/10 · CriticalAdvertises over 15 years of experience against a 2020 domain, and presents itself as a broker while disclosing no regulator, entity address or licence.
Operational history
6/10 · HighDomain verified from February 2020 (about six years), but the operating company could not be dated, so the figure is an upper bound and conflicts with the advertised age.
Who they are
A quick desk file on the company behind the brand.
- Brand: LD Trading (also styled LDFX)
- Legal entity: Ludi Markets LLC per the site footer; widely reported as Shanghai LuDie International Trading Limited. The two are used interchangeably and neither address nor jurisdiction is disclosed.
- Registered: Not disclosed anywhere on the site. No office address, no registration number.
- Website: ldfx.net (client portal at my.ldfx.net)
- Only licence: None. No regulator is named on the site, and no licence exists on any register.
- Offers: Forex and CFDs on metals, indices, stocks, crypto and crypto perpetuals; more than 200 instruments; leverage up to 1:300; MetaTrader 4 (server ShangHaiLuDie-Live) plus a proprietary app.
- Not accepted: The partner terms exclude citizens of countries where FX is prohibited, such as Iran and Syria.
- Age claim: The partnership page states over 15 years of financial experience. The domain dates only to February 2020.
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: No
We could not confirm this broker on any genuine regulator’s register.
No licence claims on record.
Why we reached this verdict
How the evidence adds up.
The evidence points one way: an unlicensed operation a national regulator has already flagged.
- Regulator warning on the exact domain. The Bank of Russia warning list carries an entry for ldfx.net, describing signs of an illegal professional securities-market participant, entered on 6 April 2026. This is tied to the exact website under review.
- No regulation at all. The site names no regulator and shows no licence number, yet it opens live accounts, asks for deposits from 100 USD, and collects identity and proof-of-address documents. Taking client money for trading with no authorisation is the core problem here.
- A false track-record claim. The partnership page advertises over 15 years of experience. The ldfx.net domain was registered in February 2020, and we found no earlier company or predecessor domain to support the claim.
- An opaque operator. The footer credits Ludi Markets LLC, while independent listings name Shanghai LuDie International Trading Limited. No registered address, incorporation number or home country is given, and the WHOIS owner is hidden.
- Reported fund-access harm. Independent scam-tracking sources describe blocked withdrawals and requests for extra tax, verification or release fees before funds are paid out, consistent with a deposit-trap pattern, though we could not confirm individual case details.
Note on operating history: the 6.5-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Bank of Russia warning list carries an entry titled LDFX.NET, website ldfx.net, flagged with signs of an illegal professional securities-market participant, entered 06.04.2026.
Hard proofBank of Russia warning listE2The ldfx.net domain was registered on 2020-02-19, with owner identity hidden behind WHOIS privacy.
ModerateVerisign RDAP (.net registry)E3The broker's own partnership page states LD TRADING has over 15 years of financial experience, which conflicts with the 2020 domain registration and no earlier presence found.
E4The site opens live accounts, sets minimum deposits from 100 USD up to 30,000 USD, and collects passport and proof-of-address documents, while naming no regulator and showing no licence number anywhere.
StrongLD Trading websiteE5The operator identity is inconsistent and opaque: the footer names Ludi Markets LLC while independent listings name Shanghai LuDie International Trading Limited, with no address, registration number or country disclosed.
E6Independent scam-tracking reviews describe ldfx.net blocking withdrawals and demanding extra payments (tax, verification, release fee) before releasing funds, and being funneled to via social-media pig-butchering approaches.
ModerateIndependent scam-tracking reviewE7A live MetaTrader 4 server named ShangHaiLuDie exists, but the platform installers are served from a third-party download host rather than official MetaQuotes channels.
E8An algorithmic trust checker rates ldfx.net as likely safe based mainly on domain age, but records hidden ownership and low traffic and notes it had not been re-scanned recently. This is heuristic only and not confirmation of legitimacy.
The other side
The strongest case in this broker’s favour.
We looked for an innocent explanation and did not find one that holds.
- Is it a regional arm of a regulated group? No. Neither Ludi Markets LLC nor Shanghai LuDie International Trading Limited maps to a known regulated group, and no tier-1 or tier-2 licence links back to this domain.
- Is it a rebrand with real history? A live MetaTrader 4 server (ShangHaiLuDie) does exist, so a trading back end is in place, but that does not add regulation or the claimed 15-year history. The proprietary app is a generic white-label product.
- Could a licence simply be new and not yet listed? There is no licence claim to verify, and a regulator has instead placed the site on a warning list.
- Is this a name collision? No. The regulator entry and the scam reports both name the exact domain ldfx.net.
What would change this
What we would need to see to revise the verdict.
We would revisit this verdict if the facts changed.
- A genuine, in-force licence for this exact entity and domain appearing on a recognised regulator register.
- The Bank of Russia removing ldfx.net from its warning list.
- Verifiable company records showing a real, dated incorporation and a registered address that matches the site.
- Independent, specific evidence that clients can reliably withdraw funds without extra fees.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Frequently asked questions
Quick answers about this broker’s safety.
Is LD Trading (ldfx.net) a scam?
It shows the hallmarks of one. The site is unlicensed, the Bank of Russia has placed ldfx.net on its warning list as an illegal securities-market participant, and independent sources report blocked withdrawals. We rate it a likely scam and advise against depositing.
Is LD Trading regulated?
No. The website names no financial regulator and shows no licence number, and we found no licence for it on any register. Instead, a national regulator has issued a warning about it.
Can I withdraw my money from LD Trading?
There is no reliable evidence that you can. Independent scam-tracking sources describe withdrawals being blocked and extra fees being demanded before any payout, which is a common deposit-trap pattern.
Is my money safe with LD Trading?
No. With no regulator and no client-money protection, deposits are unprotected. If the platform blocks withdrawals or disappears, there is little legal recourse.
Who owns LD Trading?
The site credits Ludi Markets LLC, while other listings name Shanghai LuDie International Trading Limited. No registered address, company number or home country is disclosed, so ownership is effectively hidden.
How old is LD Trading?
The ldfx.net domain was registered in February 2020, so the online operation is roughly six years old. Its claim of over 15 years of experience is not supported by any record we could find.
What does the Bank of Russia warning mean?
The Bank of Russia added ldfx.net to its list of companies showing signs of illegal financial activity on 6 April 2026, classifying it as an illegal professional securities-market participant. It is a formal caution that the operation is not authorised.
Is LD Trading a clone of another broker?
We found no evidence that it impersonates a specific regulated firm. The problem is not cloning but the absence of any licence combined with a regulator warning and a false experience claim.
Does LD Trading really use MetaTrader 4?
It offers MetaTrader 4 on a server named ShangHaiLuDie, so a trading back end exists. That does not make it regulated or safe, and the installers are served from a third-party download host rather than the official MetaQuotes channels.
What should I check before depositing with any broker?
Confirm a real licence number on the regulator's own public register, check that the licensed entity and website match, look for a genuine company address, and search for independent withdrawal reports. LD Trading fails these checks.
I was scammed by LD Trading, what should I do?
Stop making any further payments, especially fees demanded to release funds. Keep all records, contact your bank or card provider about a chargeback, and report to your local financial regulator or police. Avoid recovery agents who approach you afterwards.
What we recommend
The practical takeaway from everything above.
Treat LD Trading as unsafe.
- Do not deposit money and do not send identity or proof-of-address documents to this platform.
- If you already deposited, stop sending further payments, especially any tax, verification or release fee demanded before a withdrawal.
- Gather your records (transaction IDs, wallet addresses, chat logs) and report to your bank or card issuer and your local financial regulator or police.
- Be wary of recovery services that contact you after a loss, as many are follow-on scams.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 27, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.