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Contract reading

What LQH MARKETS legally published, but does not want you to read

Every clause below is published by LQH MARKETS itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: LQH Integrated Ltd

sole discretionmarketing contradictionprofit voidingforum waiverhidden feewithdrawalsaccount closurebonus lockclient moneycommission

LQH Markets advertises a fully regulated environment. Its own Risk Disclaimer says no financial regulator authorises it and no compensation scheme covers you. It can void profit on criteria it refuses to disclose, and restore a negative balance as a debt. Its registration form accepts residents of the United Arab Emirates, whom the contract bars.

Back to LQH MARKETS

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
17
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
12
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
13

How the 17 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical8
Warning8
Notice1

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 2 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$35Time to complain. Jump to the clause this comes from.A funded challenge fee you cannot get back$3Fee you were not shown. Jump to the clause this comes from.Commission advertised per lot, charged per side

What the documents say

17 clauses worth knowing about, worst first, each quoted from LQH MARKETS's own files

01

The website sells you a fully regulated environment, and the about page is titled a true regulated ECN broker. The Risk Disclaimer inside your contract says no financial regulator authorises LQH Integrated Ltd.

Why this matters

No regulator supervises your money and no compensation scheme stands behind it. The same notice says you may lose some or all of your funds if LQH Markets fails, and no ombudsman will hear you.

Exhibit 1CriticalHarder than usual

We are not authorised or regulated by a financial services regulator in your jurisdiction. Your dealings with us are not covered by any statutory investor compensation scheme, deposit guarantee arrangement, or financial services ombudsman.
Clause Our Regulatory Status in Risk Disclaimer
Read from the broker's site on Open the reference
Our own capture of lqhmarkets.com, taken on Oct 3, 2026The claim, on Discover the Advantages of LQH Markets section on the homepageVisit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026What the contract says, clause Our Regulatory StatusVisit this page on the broker's siteDownload the full size image file
Our own capture of my.lqhmarkets.com, taken on Oct 3, 2026The claim, on Regulatory Excellence panel beside the account registration formVisit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026What the contract says, clause Our Regulatory StatusVisit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026Marketed as fully regulated, the contract says otherwise (clause Our Regulatory Status)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client access to an independent complaints scheme and a statutory compensation fund. This contract says neither one covers you.

LQH MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

02

LQH Markets bars residents of the United Arab Emirates, and makes you promise you are not one. Its registration form still offers the United Arab Emirates as your country of residence. The funded site leaves the country off the same barred list.

Why this matters

Open the account from Dubai and you have broken the promise in clause 18.8 on your first day. That lets LQH Markets void your trades, close your accounts and recover losses from you under clause 19.3.

Exhibit 2CriticalHarder than usual

LQH Markets does not accept clients who are citizens or residents of the United States, Cuba, Iran, Myanmar, North Korea, Sudan, China, Singapore, or the United Arab Emirates, or from jurisdictions on the FATF, OFAC, or EU/UN sanctions lists.
Clause 5.6 in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Our own capture of funded.lqhmarkets.com, taken on Oct 3, 2026The claim, on Restricted Regions notice in the funded site footer, which omits the United Arab EmiratesVisit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026What the contract says, clause 5.6Visit this page on the broker's siteDownload the full size image file
Our own capture of my.lqhmarkets.com, taken on Oct 3, 2026The claim, on country of residence option in the account registration form, which excludes the other eight barred countriesThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026What the contract says, clause 18.8Visit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026Signup accepts a country the contract bars (clause 5.6)Visit this page on the broker's siteDownload the full size image file
  • Worse together with Exhibit 4A barred resident has already broken the warranty in clause 18.8, which is one of the doors clause 19.3 uses to void trades.
03

LQH Markets promises a fast payout, then keeps four ways to hold it. It can decline a withdrawal where it suspects abuse of its loss protection, or ask you for more documents. Its execution policy also lets it suspend your withdrawal rights while it reviews your account.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

Nothing in these documents puts a deadline on that review. Your money stays with LQH Markets until it decides, and the promise you read before depositing is not the one in the contract.

Exhibit 3CriticalHarder than usual

Our financial team operates 24/7 to ensure withdrawals are processed and approved typically within 24-48 hours. We reserve the right to delay or decline a withdrawal request where we have reasonable grounds to suspect abuse of our Negative Balance Protection Policy ('NBP').
Clause 11.6 in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Our own capture of lqhmarkets.com, taken on Oct 3, 2026Withdrawals can be delayed or refused while a review runs (clause 11.6)Visit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026The claim, on Quick Withdrawals claim on the homepageThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026What the contract says, clause 11.6Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK)

Firms licensed by the FCA must pay a retail client's withdrawal promptly, and must not make payment wait on an open ended internal review. This contract sets no outer limit on the review.

LQH MARKETS is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 4A review that suspends withdrawals and a power to void profit can run at the same time, on the same suspicion.
04

LQH Markets can void or reverse your profit where its monitoring flags prohibited activity. The same policy says it will not tell you the detection methods or the thresholds behind that decision.

Why this matters

You cannot check whether your trading breaks a rule, because the rule is a pattern LQH Markets will not describe. Profit it removes is gone from your balance, and clause 19.3 lets it recover losses from you as well.

Exhibit 4CriticalRarely seen

Void or reverse profits generated through prohibited activity
Clause How We Detect and Respond in Order Execution Policy
Read from the broker's site on Open the reference
Our own capture of lqhmarkets.com, taken on Oct 3, 2026Profit can be voided on criteria kept secret (clause How We Detect and Respond)Visit this page on the broker's siteDownload the full size image file

Our readingMost agreements void profit for conduct a client could avoid, such as trading on a mispriced quote. This policy also allows closure for order flow that LQH Markets finds unprofitable to service, which is not a rule you can comply with.

  • Worse together with Exhibit 5The same finding of abuse that removes your profit also removes the protection that stops your balance falling below zero.
05

LQH Markets writes your balance back up to zero after a bad loss, but not always. Where it decides the protection was abused, it can reinstate the negative balance and recover it from you.

Why this matters

You can end up owing LQH Markets money after a stop out, on top of losing your deposit. LQH Markets makes the finding that your trading was abusive, and the policy gives you no appeal.

Exhibit 5CriticalHarder than usualNew

This protection applies to accounts operated in good faith. It does not apply to (a) adjustments arising from the restricted trading practices described in Section 3 of this policy, or (b) circumstances where we determine the protection is being abused, including hedged or coordinated exposure across multiple accounts or profiles designed to exploit it, in which case we reserve the right to reinstate and recover negative balances.
Clause Negative Balance Protection in Order Execution Policy
Read from the broker's site on Open the reference
Our own capture of lqhmarkets.com, taken on Oct 3, 2026Negative balance protection can be withdrawn and the debt restored (clause Negative Balance Protection)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC must give retail clients negative balance protection that cannot be taken back after the event. This policy lets LQH Markets restore the debt where it judges the protection was abused.

LQH MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

06

LQH Funded sells challenges from $35 and says all purchases are final with no refunds. Its refund policy explains that access cannot be revoked once granted. Its terms of use let it revoke that access at any time without notice.

Why this matters

You can pay, and LQH Funded can then deny you access at its sole discretion, with no refund and no claim. Any dispute goes to arbitration in Dallas, Texas, and damages stop at what you paid or $1,000, whichever is less.

Exhibit 6CriticalHarder than usual$35

All purchases are final. No refunds. If marked high-risk by our payment processor, you may need to provide additional documents. Failure to do so may result in access denial.
Clause 7.4 in Terms of Use (LQH Funded)
Read from the broker's site on Open the reference
Our own capture of funded.lqhmarkets.com, taken on Oct 3, 2026A funded challenge fee you cannot get back (clause 7.4)Visit this page on the broker's siteDownload the full size image file

What it costsA $35 challenge that LQH Funded declines leaves you with nothing back. If you sued, clause 12.1 caps its liability at the $35 you paid, because that is less than $1,000.

Decisions are final and the forum is far away

A new clause lets LQH Markets close your open positions over how you speak to its staff, with compliance deciding alone and no further correspondence. No complaints procedure sits among the published documents, only a compliance address and a two business day target for a reply. Buyers of the funded challenge arbitrate in Dallas, Texas, with damages capped at the fee they paid or $1,000.

If it goes wrong1 clause flagged

A new clause lets LQH Markets judge how you speak to it on live chat, social media or a review platform. Where it decides you crossed the line, it can close your open positions at market and end your agreement without notice.

Why this matters

LQH Markets can liquidate your positions over a conversation, and its compliance team makes that call alone. The clause says the decision is final and that LQH Markets need not write to you about it again.

Exhibit 8CriticalRarely seenNew

You agree to communicate with our staff, contractors and representatives in a civil and professional manner at all times, whether by live chat, email, telephone, messaging application, social media, review platform or any other channel.
Clause 4.5(a) in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Our own capture of lqhmarkets.com, taken on Oct 3, 2026Arguing with support can close your open trades (clause 4.5(a))Visit this page on the broker's siteDownload the full size image file

Our readingBrokers routinely ban abuse of their staff. Naming a review platform as a monitored channel, and making forced closure of your open positions one of the remedies, is unusual in a retail trading agreement.

An inactivity charge with no figure attached

LQH Markets can apply administration charges to an account it considers inactive, and clause 12.5 names neither the amount nor the period. The same clause debits the balance to zero once it falls below the fee. After 12 months LQH Markets can close the account and move what is left to a suspense account.

Leaving money behind1 clause flagged

LQH Markets can charge administration fees on an account it considers inactive. The contract names no amount and no period, and says it will empty the balance once that balance cannot cover the fee.

In plain words

Dormancy means an account left unused.

Why this matters

LQH Markets can reduce a balance you left behind to nothing, without ever showing you a figure. The charge outlives the account too, and only a withdrawal request or an empty balance ends it.

Exhibit 7CriticalHarder than usual

If your account remains inactive for a period we consider to be significant, we may apply reasonable administration charges.
Clause 12.5 in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Our own capture of lqhmarkets.com, taken on Oct 3, 2026Dormancy fee with no amount and no stated period (clause 12.5)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client the charges for a service before they trade, dormancy charges included. This contract leaves both the amount and the trigger to LQH Markets.

LQH MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
A period LQH Markets calls reasonableYou must pass extra verification before you can trade again.7.7
A period LQH Markets calls significantAdministration charges start. No amount and no period are published.12.5
Balance below the fee amountLQH Markets debits the account to zero.12.5
After 12 months of inactivityLQH Markets can end the agreement and move any balance to a suspense account.11.16

LQH Markets advertises regulation its own risk notice denies

LQH Markets sells a fully regulated environment on its homepage, and its about page is titled a true regulated ECN broker. The Risk Disclaimer inside the contract says no financial regulator authorises LQH Integrated Ltd, and that no compensation scheme or ombudsman covers you. The same homepage advertises a platform built for high frequency strategies that its website terms prohibit.

Regulated status1 clause flagged

The homepage offers X9 Trader for high frequency strategies. The website terms list high frequency trading among the transactions you must not instruct, and the client agreement treats it as prohibited conduct.

Why this matters

Trade the way LQH Markets advertises that platform, and it can void your trades and close your account. The client agreement softens its own ban with a fair use test that it never defines.

Exhibit 14WarningHarder than usual

(a) Market manipulation, false trading, market rigging, fictitious transactions, black box trading, high-frequency trading, latency arbitrage, scalping, wash trading, or order matching;
Clause Prohibited Transactions (a) in Terms & Conditions
Read from the broker's site on Open the reference
  • Worse together with Exhibit 4Trading the advertised strategy is the conduct the profit voiding clause is aimed at.

The advertised commission is half the contract rate

The LQH Markets homepage prices commission at $3 a lot. Clause 12.2 charges $3.00 per side of a standard lot, so a round turn costs $6. The account types the contract prices are not the ones the website sells, and clause 5.5 says there is no minimum deposit while clause 11.8 sets one at USD 10.

Cost disclosure1 clause flagged

The homepage prices commission at $3 a lot. The contract charges $3.00 per side of a standard lot on its Raw Spread account, so a round turn costs twice the advertised figure.

Why this matters

Open and close ten lots and the contract rate costs you $60 where the homepage figure implies $30. The account types the contract prices are also not the ones the website sells you.

Exhibit 11WarningHarder than usual$3

Commission: A commission of $3.00 per side (per standard lot) applies to Raw Spread accounts. Zero Commission accounts carry no per-trade commission.
Clause 12.2 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

What it costsA round turn on one standard lot costs $6 in commission, not $3. Ten lots in and out is $60.

A withdrawal is a request LQH Markets may hold

LQH Markets advertises withdrawals approved within 24 to 48 hours. Clause 11.6 makes that the typical case and reserves the right to delay or decline, and its execution policy lets it suspend withdrawal rights during a review with no deadline attached. Its own documents also disagree on whether you fund by card or only in cryptocurrency.

Getting paid1 clause flagged

The client agreement now accepts credit card deposits. The Risk Disclaimer, which forms part of the same contract, says deposits and withdrawals are made in cryptocurrency.

Why this matters

LQH Markets sends withdrawals back to the source you funded from wherever it can. If your payout arrives as crypto, a wrong wallet address is your loss alone, because nobody can reverse a blockchain transfer.

Exhibit 12WarningHarder than usual

LQH Markets currently accepts deposits by credit card, and via Bitcoin and other supported cryptocurrencies.
Clause 11.8 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Bonus credit can be withdrawn while it supports your trades

LQH Markets can remove bonus credit from any account at any time, and clause 11.12 names the credit holding open positions as one ground for doing it. No bonus terms are published on the site, so the volume rules and trade qualification criteria sit outside anything you can read. Its execution policy also reserves the right to change those criteria at any time.

Bonus credit1 clause flagged

LQH Markets can remove bonus credit from any account at any time. One ground it lists is that the credit is holding open positions that normal margin rules would close.

Why this matters

Pulling that credit at that moment closes your trades and turns a paper loss into a real one. No bonus terms are published anywhere on the site, so the rules you would be judged against are not written down for you.

Exhibit 13WarningHarder than usual

LQH Markets reserves the right to remove bonus credit from any account at any time, including where:
Clause 11.12 in Client Agreement
Read from the broker's site on Archived copyOpen the reference
  • Worse together with Exhibit 5Removing bonus credit can force the stop out that then tests whether your negative balance is protected at all.

The privacy policy describes a business LQH Markets does not run

The privacy policy the agreement points to describes a social trading platform, an e money debit card and a crypto wallet. It breaks off before retention, sharing or your rights, and it names an unidentified group entity as the controller of your data. Clause 18.9 lets LQH Markets withhold funds while it investigates, with no deadline on the investigation.

Your documents and data1 clause flagged

The policy your agreement points to for data handling describes a social trading platform, an e money debit card and a crypto wallet. LQH Markets offers none of those, and the document stops before it reaches retention, sharing or your rights.

Why this matters

You cannot find out how long LQH Markets keeps your identity documents or who it sends them to. The agreement says only that it keeps your data while you hold an account and for as long as the law requires.

Exhibit 15WarningHarder than usual

(ii) the LQH Integrated Operating as LQH Markets Money App which facilitates the LQH Integrated Operating as LQH Markets Money services (e-money account servicing payments and debit card) and LQH Integrated Operating as LQH Markets Money Crypto Wallet services
Clause Privacy policy in Privacy Policy
Read from the broker's site on Open the reference

Every trade has LQH Markets on the other side of it

LQH Markets is the counterparty to every position you open, and its execution policy says so. Its homepage calls it a true ECN brokerage whose trades go straight to liquidity providers. Clause 10.2 promises conflict of interest policies that the site does not publish.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Liquidity providers are outside banks and brokers.

Who you trade against1 clause flagged

LQH Markets calls itself a true ECN brokerage whose every trade goes straight to its liquidity providers. Its own execution policy says you trade with LQH Markets, not on an exchange, and that hedging is its choice.

Why this matters

Your loss is LQH Markets' gain, because it takes the other side of your trade itself. Acting as counterparty is normal for a CFD broker, and calling that ECN execution is not.

Exhibit 9WarningStandard wording

LQH Markets acts as the counterparty to all client trades. When you open or close a position, you are trading with us, not directly on an exchange or with another market participant.
Clause Order Execution in Order Execution Policy
Read from the broker's site on Open the reference
Our own capture of lqhmarkets.com, taken on Oct 3, 2026The claim, on ECN Execution claim on the homepageThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of lqhmarkets.com, taken on Oct 3, 2026What the contract says, clause Order ExecutionVisit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must describe their execution model accurately and disclose a conflict of interest to the client. This broker discloses the conflict in its risk notice and advertises the opposite on its homepage.

LQH MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

One brand, three company names and no supervision

A client contracts with LQH Integrated Ltd, a Saint Lucia International Business Company numbered 2023-00570. The website terms and the privacy policy name LQH Integrated Operating as LQH Markets Ltd instead, and the funded terms name LQH Funded. The only licence claim anywhere sits in the funded site footer, and no legal document on the main site mentions a licence at all.

Who you contract with2 clauses flagged

The about page tells you your funds sit in segregated client accounts. The contract says LQH Markets takes reasonable steps to keep them separate, and pools them with other clients' money. Money backing an open position stops counting as client money at all.

Why this matters

Most of your balance stops being protected the moment you trade, which is what a trading account is for. The Risk Disclaimer adds that you may lose some or all of it if LQH Markets fails.

Exhibit 10WarningHarder than usual

Funds deposited with LQH Markets for trading purposes are held as 'Client Money'. For the avoidance of doubt, funds cease to constitute Client Money once applied as margin to secure open positions.
Clause 11.1 in Client Agreement
Read from the broker's site on Archived copyOpen the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must hold retail client money in trust, reconcile it regularly and keep it outside their own estate on failure. This contract promises reasonable steps and names no compensation scheme.

LQH MARKETS is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Your contract is with LQH Integrated Ltd of Saint Lucia. The website terms and the privacy policy name LQH Integrated Operating as LQH Markets Ltd instead, and the funded programme's terms name LQH Funded as the company.

Why this matters

A claim has to be brought against a real company. Two of these names appear nowhere else in these documents, and the funded terms give no registration number, address or country for the company you paid.

Exhibit 16WarningHarder than usual

LQH Markets is the trading name and brand of LQH Integrated Ltd, a private company incorporated in Saint Lucia with registration number 2023-00570, whose registered address is Ground Floor, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia.
Clause 1.2 in Client Agreement
Read from the broker's site on Archived copyOpen the reference

Saint Lucia for the broker, Texas for the funded arm

The LQH Markets client agreement is governed by Saint Lucia law, with the courts of Saint Lucia the only forum. The funded programme sold under the same brand is governed by Texas law, with arbitration in Dallas. LQH Markets refuses clients resident in the United States, which is where that arbitration would sit.

Where a claim goes1 clause flagged

Your trading account is governed by the law of Saint Lucia, with the courts of Saint Lucia the only forum. The funded programme sold under the same brand is governed by Texas law, with arbitration in Dallas.

Why this matters

Both forums are a long way from most of the people this broker signs up. LQH Markets also refuses clients who live in the United States, which is where its funded programme would have you arbitrate.

Exhibit 17NoticeHarder than usual

Any disputes, claims, or proceedings arising out of or in connection with this Agreement shall be submitted to the exclusive jurisdiction of the competent courts of Saint Lucia, unless otherwise required by mandatory provisions of applicable law in your jurisdiction.
Clause 25.2 in Client Agreement
Read from the broker's site on Archived copyOpen the reference
  • Same clause as Exhibit 6The Dallas arbitration clause is both the forum for the funded programme and the practical limit on challenging it.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The homepage sells a regulated environment and the contract's own risk notice says no regulator authorises the company.

Said in public, in English

LQH Markets is built to give you a real edge with competitive conditions, professional tools and a fully regulated environment all in one place.

Discover the Advantages of LQH Markets section on the homepage

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of lqhmarkets.com

In the contract · clause Our Regulatory Status

We are not authorised or regulated by a financial services regulator in your jurisdiction. Your dealings with us are not covered by any statutory investor compensation scheme, deposit guarantee arrangement, or financial services ombudsman.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of lqhmarkets.com

02

The about page sends you to the legal section for details, and the legal section says the opposite.

Said in public, in English

LQH Markets operates in line with applicable regulatory frameworks. Full details can be found in the legal section of the website.

answer to the question Is LQH Markets regulated on the about page

In the contract · clause Our Regulatory Status

We are not authorised or regulated by a financial services regulator in your jurisdiction.

03

The page where you create the account promises regulatory excellence that the risk notice withdraws.

Said in public, in English

With meticulous attention to regulatory standards, LQH Markets guarantees compliance assurance, fostering transparency and confidence among traders with a commitment to ethical conduct and integrity.

Regulatory Excellence panel beside the account registration form

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of my.lqhmarkets.com

In the contract · clause Our Regulatory Status

Your dealings with us are not covered by any statutory investor compensation scheme, deposit guarantee arrangement, or financial services ombudsman.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of lqhmarkets.com

04

The same restricted country sentence appears on the funded site without the United Arab Emirates and in the contract with it.

Said in public, in English

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.

Restricted Regions notice in the funded site footer, which omits the United Arab Emirates

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of funded.lqhmarkets.com

In the contract · clause 5.6

LQH Markets does not accept clients who are citizens or residents of the United States, Cuba, Iran, Myanmar, North Korea, Sudan, China, Singapore, or the United Arab Emirates, or from jurisdictions on the FATF, OFAC, or EU/UN sanctions lists.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of lqhmarkets.com

05

The registration form offers a country of residence that the contract makes you warrant you do not live in.

Said in public, in English

United Arab Emirates

country of residence option in the account registration form, which excludes the other eight barred countries

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of my.lqhmarkets.com

In the contract · clause 18.8

You are not located in, or a citizen or resident of, a Restricted Region as defined in clause 5.6 of this Agreement.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of lqhmarkets.com

06

The homepage says trades go straight to liquidity providers and the execution policy says they stop with LQH Markets.

Said in public, in English

As a true ECN brokerage, every trade is processed directly with our liquidity providers.

ECN Execution claim on the homepage

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In the contract · clause Order Execution

LQH Markets acts as the counterparty to all client trades. When you open or close a position, you are trading with us, not directly on an exchange or with another market participant.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of lqhmarkets.com

07

The homepage states the payout time as a fact and the contract makes it typical, then reserves the right to decline.

Said in public, in English

Our financial team operates 24/7 to ensure your withdrawals are processed and approved within 24-48 hours.

Quick Withdrawals claim on the homepage

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of lqhmarkets.com

In the contract · clause 11.6

Our financial team operates 24/7 to ensure withdrawals are processed and approved typically within 24-48 hours. We reserve the right to delay or decline a withdrawal request where we have reasonable grounds to suspect abuse of our Negative Balance Protection Policy ('NBP').

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of lqhmarkets.com

08

Segregated client accounts are promised on the about page, and the contract removes that status from any money backing a trade.

Said in public, in English

Your funds and data are protected by enterprise-grade encryption, segregated client accounts, and multi-layered security protocols.

Security & Infrastructure section of the about page

In the contract · clause 11.1

Funds deposited with LQH Markets for trading purposes are held as 'Client Money'. For the avoidance of doubt, funds cease to constitute Client Money once applied as margin to secure open positions.

09

Commission is advertised per lot and charged per side, so a round turn costs double the advertised rate.

Said in public, in English

A simple and transparent commission structure with no hidden fees and no surprises on every trade you place.

$3 Commission Per Lot claim on the homepage

In the contract · clause 12.2

Commission: A commission of $3.00 per side (per standard lot) applies to Raw Spread accounts. Zero Commission accounts carry no per-trade commission.

10

A platform is sold for high frequency strategies that the website terms list among prohibited transactions.

Said in public, in English

Lightning-fast execution built for high-frequency strategies.

X9 Trader platform tile on the homepage

In the contract · clause Prohibited Transactions (a)

(a) Market manipulation, false trading, market rigging, fictitious transactions, black box trading, high-frequency trading, latency arbitrage, scalping, wash trading, or order matching;

11

The homepage offers card funding and the incorporated risk notice says all funding runs in cryptocurrency.

Said in public, in English

Fund your account via crypto or card with a streamlined transaction process.

Fast and Secure Deposits & Withdrawals claim on the homepage

In the contract · clause Funding and Cryptocurrency Transfer Risk

Deposits to and withdrawals from your account are made in cryptocurrency.

12

No personal risk is promised on a product whose fee is never refunded even where access is denied.

Said in public, in English

Trade up to $400,000 with LQH Markets and keep up to 80% of the profits. All reward, no personal risk.

headline of the LQH Funded homepage

In the contract · clause 7.4

All purchases are final. No refunds. If marked high-risk by our payment processor, you may need to provide additional documents. Failure to do so may result in access denial.

13

The refund policy refuses refunds because access cannot be revoked, and the terms of use allow revocation at any time.

Said in public, in English

Our evaluation programs are non-reversible, and access cannot be revoked once granted.

reason given in the funded Refund Policy for refusing refunds

In the contract · clause 3.3

This license may be revoked at any time without notice.

What changed quietly

First review of LQH Markets, so no earlier review exists for comparison.

  • ADDEDClause 4.5

    Section 4 ended at clause 4.4 in June, so the power to close your positions over how you communicate is new.

    Where we reasonably consider that you have engaged in conduct described in clause 4.5(b), we may, without prior notice and without liability to you: restrict the channels through which you may contact us; suspend your access to the platform and to your account; close any open positions at the prevailing market price; and terminate this Agreement with immediate effect.

  • REWRITTENClause 11.8

    Card deposits, a USD 10 minimum and a right to return small deposits net of network fees all arrived since June.

    LQH Markets currently accepts deposits by credit card, and via Bitcoin and other supported cryptocurrencies. The minimum deposit for each account type is set out on our Website and may change from time to time; the current minimum for the Standard account is USD 10. Deposits below the applicable minimum may be declined and, where declined, may at our discretion be returned to the originating wallet net of network fees or credited to the account.

  • ADDEDClause Our Regulatory Status · 2026-06-01 to July 2026

    The June risk page had no statement of regulatory status, so this admission is a new disclosure in the broker's favour.

    We are not authorised or regulated by a financial services regulator in your jurisdiction. Your dealings with us are not covered by any statutory investor compensation scheme, deposit guarantee arrangement, or financial services ombudsman.

  • ADDEDClause Funding and Cryptocurrency Transfer Risk · 2026-06-01 to July 2026

    The crypto only funding statement is new, and it arrived in the same cycle as the clause permitting card deposits.

    Deposits to and withdrawals from your account are made in cryptocurrency.

  • ADDEDClause Negative Balance Protection · 2026-06-01 to July 2026

    The Order Execution Policy was absent from the June document list, so the carve out from negative balance protection is new.

    It does not apply to (a) adjustments arising from the restricted trading practices described in Section 3 of this policy, or (b) circumstances where we determine the protection is being abused, including hedged or coordinated exposure across multiple accounts or profiles designed to exploit it, in which case we reserve the right to reinstate and recover negative balances.

The documents this reading is based on

12 files, all published by LQH MARKETS. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording LQH MARKETS publishes.

How this reading was done

Every clause above was read out of a document LQH MARKETS publishes itself

This reading was published on .

Documents
7 of 12downloaded from the broker's site, and 7 read in full
Pages opened
27pages walked to find those documents, footer links included
Older copies
4earlier versions downloaded
Marketing pages
7public pages set against what the contract says

Who the contract is with

LQH Integrated Ltd

A client contracts with LQH Integrated Ltd, a Saint Lucia International Business Company with registration number 2023-00570, at Ground Floor, Rodney Court Building, Rodney Bay, Gros Islet. Its website terms and its privacy policy instead name LQH Integrated Operating as LQH Markets Ltd, and the funded programme's terms name LQH Funded as the company, with no registration number, address or country. The Risk Disclaimer says no financial regulator authorises LQH Integrated Ltd. The only licence claim we found sits in the footer of the funded site, which says the company holds a Comoros licence numbered L15833/LIL.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The Risk Disclaimer published in July 2026 is unusually direct. It states that no regulator authorises LQH Integrated Ltd, that no compensation scheme or ombudsman covers you, that insolvency could cost you your balance, and that acting as your counterparty is a conflict of interest. The June version of that page said none of this. Clause 3.2 gives you 14 calendar days to cancel and take your deposit back in full if you have not traded. No clause anywhere sets a deadline for complaining, which many agreements do, and clauses 12.7 and 23.2 let you leave without penalty if fees or terms move against you. The new Order Execution Policy explains slippage, gapping and stop outs in plain language, and clause 15.5 warns you that LQH Markets will never ask you to move funds to a managed account.

We did not find the inactivity fee amount anywhere on the site, so we cannot tell you what a dormant account costs. The margin call and stop out levels sit inside the trading platform, which needs a funded account, so they are not covered. No bonus terms are published, so the rules behind the Deposit Bonus Account are unknown. This review covers five legal documents on the main site and two on the funded site, and every quotation comes from the page named beside it. The Order Execution Policy has no earlier copy, because LQH Markets published it after June. We have not reported how far down each page a clause sits: these pages repeat the same footer several times over, which makes a position count unreliable. The review does not cover the Help Centre articles or the funded programme's privacy policy.

How to check any of this yourself

Every quote above links to the LQH MARKETS file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document LQH MARKETS publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge LQH MARKETS on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 3, 2026.

If you represent LQH MARKETS and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on LQH MARKETS. Whether its licence is real and current is a separate check on the broker profile.

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