Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighNo licence in force: the Anjouan register shows L15833/LIL as not active, that authority is not a recognised regulator under Comoros law, and the firm takes deposits while its own disclaimer admits it is unregulated.
Identity & transparency
4/10 · ModerateThe legal entity is confirmed on the Saint Lucia IBC registry and the address, phone and email are consistent everywhere, but no owner, director or executive is named and the former Anjouan address was dropped without explanation.
Withdrawals & conduct
8/10 · CriticalAround ten fund-integrity reports across two platforms from April 2025 to September 2026 describe the same mechanism, with amounts and dates, offset only partly by some confirmed fast payouts and public replies from the firm.
Reputation
7/10 · HighTrustpilot withholds the rating for a guidelines breach and removed fake reviews, 42 percent of reviews are one-star, and a third-party directory carries six separate exposure reports; no regulator warning exists anywhere.
Website claims
9/10 · CriticalThe site brands itself a true Regulated ECN Broker while its own risk disclaimer says it is not regulated; archived pages claimed multi-jurisdiction regulation and sold a company registration as a licence, and the homepage testimonials use stock portraits.
Operational history
5/10 · ModerateVerifiable history of about two years from an August 2024 domain with no predecessor; the advertised 2023 founding is broadly consistent, so this is youth rather than misrepresentation.
Who they are
A quick desk file on the company behind the brand.
- Brand: LQH Markets, operating the brokerage at lqhmarkets.com and a funded-trader arm at funded.lqhmarkets.com.
- Legal entity: LQH Integrated Ltd, also written as LQH Integrated Limited, trading as LQH Markets.
- Registered: Saint Lucia International Business Company, registration number 2023-00570, Ground Floor, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia. Confirmed on the Saint Lucia IBC registry.
- Website: lqhmarkets.com, with my.lqhmarkets.com for client accounts, funded.lqhmarkets.com for evaluations, es.lqhmarkets.com in Spanish and blog.lqhmarkets.com.
- Only licence: Anjouan licence L15833/LIL in the Comoros, recorded as not active on the Authority's own register. No other regulator anywhere.
- Offers: forex, indices, metals, commodities, crypto and stock CFDs on MetaTrader 5, 300 plus instruments, leverage to 1:500, minimum deposit 10 US dollars, card and crypto funding. A live MT5 server named LQHIntegrated-Live exists.
- Not accepted: residents of the United States, Cuba, Iran, Myanmar, North Korea, Sudan, China, Singapore and the United Arab Emirates. The United Kingdom, the European Union and Australia are not excluded.
- Age claim: the About page says founded 2023. The domain was registered on 7 August 2024, so the verifiable operating history is just over two years.
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.
Licences the broker publishes
Anjouan Offshore Finance Authority (AOFA), Union of the Comoros
Registrar of International Business Companies, Saint Lucia
Why we reached this verdict
How the evidence adds up.
Four independent findings point the same way, and together they meet the threshold for a likely-scam call.
- There is no licence in force. The Anjouan Offshore Finance Authority's verification page returns LQH Integrated Ltd, company number 15833, licence L15833/LIL, licence valid until 1 April 2005, status NOT ACTIVE. The register's entry also carries an incorporation date of 1 October 2004, which cannot be reconciled with a company registered in Saint Lucia in 2023, so the record is internally inconsistent as well as expired.
- Even an active Anjouan licence would be close to worthless. The Comoros banking laws of 2013 and 2015 stripped the Anjouan authority of recognised-regulator status, and the Comoros central bank has described these Anjouan bodies as fictitious structures with no physical or legal existence in the Union of the Comoros, as reported by ABC News in December 2025.
- The marketing contradicts the legal pages. The About page is titled 'A true Regulated ECN Broker', the site's own description repeats the phrase, and the homepage promises 'a fully regulated environment'. Asked directly on the About page whether it is regulated, the firm answers only that it 'operates in line with applicable regulatory frameworks'. The risk disclaimer then says the opposite in plain words: 'We are not authorised or regulated by a financial services regulator in your jurisdiction.' Archived copies from March 2025 and January 2026 went further, advertising 'Multi-Regulation' and claiming the firm was 'Fully regulated across multiple jurisdictions by esteemed regulatory bodies', while presenting the Saint Lucia company registration as a licence. Those licence claims have since been deleted from the site; the regulated branding stayed.
- Clients describe one repeated mechanism for losing their money. Across Trustpilot and a third-party broker directory, roughly ten reports from April 2025 to September 2026 follow the same shape: an account becomes profitable, a withdrawal is requested, the firm's compliance team then alleges latency arbitrage or prohibited trading without producing trade logs, profits are voided and the account is terminated with funds inside. One trader sets out a 1,099.70 US dollar deposit grown past 5,000, five withdrawal requests over two days totalling 4,700, none paid, followed by an email citing 'manipulative tactics and high-frequency trading exploits'. Others report the dashboard account deleted outright with the deposit and profit unreturned, and money still unsent after a month.
- The contract makes that possible by design. The Order Execution Policy lets LQH 'Void or reverse profits generated through prohibited activity', 'Permanently restrict or close the account' and 'Place the account under review and temporarily suspend trading or withdrawal privileges'. Its Toxic Order Flow clause reaches further, allowing closure of accounts that 'consistently generate order flow patterns that are not commercially viable for us to service'. A profitable client can fall inside that wording.
- Supporting signals. Trustpilot shows no star rating at all because the profile is in breach of its guidelines, and states that fake reviews were removed; the distribution is 51 percent five-star against 42 percent one-star with nothing in the middle. The nine named customer testimonials on the homepage use stock-library portraits, and the name James W. appears twice with two different faces and two different job titles.
- Age. The domain dates from 7 August 2024 and the first archive capture is the same day, with no predecessor site. The Saint Lucia IBC registry publishes only the company name on its free search, so the figure rests on the domain and is an upper bound. On either reading this is an operation of around two years, which is why the absence of a regulator warning carries little weight.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The Anjouan Offshore Finance Authority's licence verification returns LQH Integrated Ltd, company number 15833, licence L15833/LIL, licence valid until 1 April 2005, status NOT ACTIVE. The broker's only financial licence of record is not in force.
E2The same Authority's register of licensees lists LQH Integrated Ltd under licence L15833/LIL in the category Other, valid until 1 April 2005, marked Not active. The licence is not even recorded in the brokerage or securities category.
E3An ABC News investigation reports that Comoros banking laws of 2013 and 2015 stripped the Anjouan authority of recognised-regulator status, and that the Comoros central bank calls these Anjouan bodies fictitious structures with no physical or legal existence in the Union of the Comoros.
E4The broker's own risk disclaimer states: We are not authorised or regulated by a financial services regulator in your jurisdiction. It adds that dealings are covered by no statutory investor compensation scheme, deposit guarantee arrangement or financial services ombudsman, and that clients may lose funds on insolvency.
E5The About page is titled A true Regulated ECN Broker, the site description repeats it, and asked whether LQH Markets is regulated the page answers only that it operates in line with applicable regulatory frameworks. No regulator is named anywhere on the site, which directly contradicts the risk disclaimer.
StrongLQH Markets About pageE6The archived homepage of 18 March 2025 advertised Multi-Regulation and claimed the firm was Fully regulated across multiple jurisdictions by esteemed regulatory bodies, gave an Anjouan address in Hamchako, Mutsamudu, published licence L15833/LIL, and described the Saint Lucia company registration as a licence held in St. Lucia.
E7The same claims were still live on 13 January 2026. They have since been deleted from the current site, which no longer names any licence or regulator while keeping the regulated branding.
E8Trustpilot holds 88 reviews for lqhmarkets.com, withholds the star rating because the profile breaches its guidelines, and states it removed a number of fake reviews. The distribution is 51 percent five-star, 6 percent four-star, 0 percent three-star, 1 percent two-star and 42 percent one-star.
E9Trustpilot one-star reviews describe accounts permanently terminated with funds blocked over alleged latency arbitrage (23 January 2026), money still unsent after more than a month (26 November 2025), funds removed and recovered only after legal action (3 January 2026), accounts closed over alleged fraudulent trading with no trade logs supplied (19 November 2025), and withdrawal pages failing with errors (6 October 2025).
E10A third-party broker directory carries six further client reports naming this same website: a Nepalese trader who deposited 1,099.70 US dollars, grew the account past 5,000, filed five withdrawal requests totalling 4,700 over two days, was paid none of them and then received a compliance email citing manipulative tactics and high-frequency trading exploits with no ticket numbers; an Indonesian client whose withdrawal requests were always rejected; an Iraqi client whose dashboard account was deleted with deposit and profit unreturned; and an Indonesian client terminated over an arbitrage accusation. One Colombian client reports very fast withdrawals.
StrongA third-party broker directoryE11The Order Execution Policy supplies the contractual mechanism for exactly that pattern: LQH may Void or reverse profits generated through prohibited activity, Permanently restrict or close the account, and Place the account under review and temporarily suspend trading or withdrawal privileges. A Toxic Order Flow clause allows closing accounts that consistently generate order flow patterns that are not commercially viable for us to service.
E12The nine client testimonials on the homepage use stock-library portraits, carried with the photo-library caption text such as grayscale photography of man smiling and woman in blue crew neck shirt, and the name James W. appears twice with two different faces and two different job titles beneath a Loved by 50,000 plus Traders heading.
ModerateLQH Markets homepageE13Domain records show lqhmarkets.com was registered on 7 August 2024 through GoDaddy, with Cloudflare nameservers and an expiry of 7 August 2030. The first archive capture is 7 August 2024, so there is no earlier site and no predecessor brand on this domain.
E14The Saint Lucia Registry of International Business Companies confirms LQH INTEGRATED LTD. exists as an IBC. This proves the company is real; it is a company registration and not a financial services licence. The free name search publishes no incorporation date, officers or address.
E15The client agreement names LQH Integrated Ltd, registration number 2023-00570, incorporated in Saint Lucia, with Saint Lucia governing law. It states funds are held as Client Money but also that they cease to constitute Client Money once applied as margin, and reserves the right to delay or decline a withdrawal request.
ModerateLQH Markets client agreementE16A live MetaTrader 5 server exists for this broker, named LQHIntegrated-Live, and the homepage app link carries the server parameter LQHIntegrated-Server. Real trading infrastructure is in place rather than a purely fabricated platform.
E17No regulator warning names this firm. Searches across the FCA, ASIC Moneysmart, the CFTC RED List and BaFin warning material, plus a general sweep for the brand, the entity and the domain, return no alert, enforcement action or fraud-related court record naming LQH Markets, LQH Integrated Ltd or lqhmarkets.com as at October 2026.
E18The funded-trader arm at funded.lqhmarkets.com sells evaluation challenges from 35 US dollars with an 80 percent profit split on simulated capital. The live brokerage at my.lqhmarkets.com takes real client deposits, so this is a broker and not a prop firm that needs no licence.
ModerateLQH FundedE19The terms and conditions confirm the contracting entity as LQH Integrated Ltd, operating as LQH Markets, a Saint Lucia International Business Company numbered 2023-00570, and name no regulator at all.
The other side
The strongest case in this broker’s favour.
The case against LQH is not one-sided, and several points genuinely cut the other way.
- The company and the platform are real. LQH INTEGRATED LTD. is confirmed on the Saint Lucia registry of International Business Companies, the registered address is consistent across the website, the client agreement and third-party records, and a live MetaTrader 5 server named LQHIntegrated-Live exists. This is not an empty shell with a fake terminal.
- The risk disclaimer is unusually candid. Many offshore brokers never admit the absence of a compensation scheme. LQH states that clients are covered by no statutory investor compensation scheme, deposit guarantee or ombudsman, that funds may be lost on insolvency, and that clients should consider carefully whether trading with a firm of this status suits them. The firm also corrected its footer, which once called the Saint Lucia registration a licence and now calls it a registration.
- Voiding arbitrage profits is a real broker practice. Genuine brokers do cancel gains from latency arbitrage, and LQH discloses the policy in advance rather than inventing it after the fact. The problem is not the clause itself but that the accusation repeatedly arrives only once a withdrawal is requested, with no trade data supplied and the balance held.
- Not every client is blocked. Some reviewers report fast payouts, including a Colombian user in August 2025 who said withdrawals were very fast, and the firm replies to almost every Trustpilot review with a detailed explanation rather than ignoring complaints.
- No regulator has acted. Searches of the FCA, ASIC, CFTC and BaFin warning material and a general sweep return nothing naming LQH Markets, LQH Integrated Ltd or lqhmarkets.com as at October 2026. There is no enforcement action and no court finding of fraud against this company.
- Offshore is not the same as dishonest. Hundreds of brokers operate legitimately on weak offshore paperwork. What moves this one past that line is the gap between the regulated branding and the firm's own disclaimer, plus the repeated and specific accounts of money not coming back.
- One possibility we could not settle. The Anjouan entry may be a mis-keyed record rather than a lapsed licence, since nearby company numbers carry 2025 and 2026 dates. Either way, the Authority publishes the status as not active and the broker no longer advertises the licence.
What would change this
What we would need to see to revise the verdict.
Specific, checkable things would move this verdict.
- The Anjouan Offshore Finance Authority showing licence L15833/LIL as active with a current expiry date would lift the regulation score, though not far, given the standing of that authority.
- A licence from a recognised regulator such as the FCA, CySEC, ASIC, the FSCA or the Seychelles FSA, held by the entity that actually takes client deposits and naming lqhmarkets.com, would change the verdict outright.
- LQH removing the regulated wording from the About page title, the site description and the homepage, so the marketing matches the risk disclaimer, would remove the central misrepresentation finding.
- Evidence that the blocked accounts were paid out, or published trade logs supporting the arbitrage allegations, would undercut the complaint pattern. A credible run of resolved cases over six months would do the same.
- Replacing the stock-portrait testimonials with verifiable clients, and Trustpilot restoring the firm's rating, would repair the reputation picture.
- Equally, a regulator warning naming lqhmarkets.com, or a further cluster of unpaid withdrawals, would push this to a confirmed scam.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Anjouan Offshore Finance Authority, licence verification
Enter L15833/LIL to see the status of the only licence this broker has ever advertised.
Anjouan Offshore Finance Authority, register of licensees
Search the register by company name to find LQH Integrated Ltd and its licence category.
Saint Lucia Registry of International Business Companies
Confirms LQH INTEGRATED LTD. exists as a company. A company registration is not a trading licence.
LQH Markets risk disclaimer
The broker's own statement that it is not authorised or regulated and that no compensation scheme applies.
LQH Markets order execution policy
The clauses allowing LQH to void profits, suspend withdrawals and close accounts.
Trustpilot reviews for lqhmarkets.com
Rating withheld for a guidelines breach; read the one-star reviews about blocked accounts.
Frequently asked questions
Quick answers about this broker’s safety.
Is LQH Markets a scam?
We assess it as a likely scam, at 70 percent risk. LQH Markets advertises itself as a regulated ECN broker, but its own risk disclaimer says it is not authorised or regulated by any financial services regulator, and the single licence it used to publish is recorded as not active on the issuing authority's register. Clients across two platforms describe profits being voided and accounts closed after withdrawal requests.
Is LQH Markets a fraud?
No regulator has published a warning about LQH Markets and no court has made a finding of fraud against LQH Integrated Ltd, so we cannot state that as fact. On the evidence we gathered we assess the risk of fraud as high. What is documented is the conduct: clients report deposits accepted, profits then removed under an arbitrage allegation with no trade logs provided, and accounts terminated with balances inside.
Is LQH Markets regulated?
No. The site calls itself a true Regulated ECN Broker, but names no regulator anywhere, and the risk disclaimer states plainly that the firm is not authorised or regulated by a financial services regulator in your jurisdiction. The only licence on record, Anjouan L15833/LIL, shows as not active on the Anjouan Offshore Finance Authority register.
What is the LQH Markets licence number and is it valid?
The number is L15833/LIL, issued in the name of LQH Integrated Ltd in Anjouan, Comoros. Searching it on the Authority's verification page returns the status NOT ACTIVE, with validity shown as ending 1 April 2005. LQH has removed the licence number from its website.
Is the Anjouan licence worth anything?
Very little even when active. Comoros banking laws passed in 2013 and 2015 stripped the Anjouan authority of recognised-regulator status, and the Comoros central bank has described these Anjouan bodies as fictitious structures with no legal existence in the Union of the Comoros, as reported by ABC News in December 2025. An Anjouan licence carries no client-money protection, no compensation scheme and no realistic complaints route.
Can I withdraw my money from LQH Markets?
Some clients do get paid, and a few reviewers describe fast withdrawals. But around ten clients since April 2025 report the opposite: requests left pending past the stated 24 to 48 hour window, then an email alleging prohibited trading, profits removed and the account closed. One trader documents five requests totalling 4,700 US dollars that were never paid.
Is my money safe with LQH Markets?
No. The client agreement says funds are held as client money and kept separate from the firm's own, but also that money stops being client money once applied as margin, which covers most of an active trading balance. The risk disclaimer confirms there is no compensation scheme, no deposit guarantee and no ombudsman, and that you may lose some or all of your funds if the firm becomes insolvent.
Who owns LQH Markets and where is it based?
The operating company is LQH Integrated Ltd, a Saint Lucia International Business Company with registration number 2023-00570, registered at Ground Floor, Rodney Court Building, Rodney Bay, Gros Islet, Saint Lucia. The company's existence is confirmed on the Saint Lucia IBC registry. No directors, owners or executives are named anywhere on the website.
How old is LQH Markets?
About two years. The lqhmarkets.com domain was registered on 7 August 2024 and the first archive capture is from the same day, with no earlier site under another name. The About page says the company was founded in 2023, which matches the Saint Lucia registration number, but the Saint Lucia registry does not publish incorporation dates on its free search.
Is LQH Markets a clone of another broker?
No. The licence number, the company name and the registered address all belong to LQH Integrated Ltd itself, and we found no sign that it is wearing another firm's credentials or impersonating a known brand. The problem here is misrepresentation about its own regulatory standing, not identity theft.
Why do some LQH Markets reviews look so positive?
Treat them with care. Trustpilot has withheld the firm's star rating because the profile breached its guidelines and says it removed a number of fake reviews. The remaining spread is 51 percent five-star against 42 percent one-star with nothing in between, which is the shape a manipulated review page takes. The nine customer testimonials on the LQH homepage use stock-library portraits, and the same name appears twice with two different faces.
What should I do if LQH Markets has blocked my withdrawal?
Gather everything first: deposit receipts, the withdrawal request log, trade history and every message from the compliance team. Then raise a chargeback with your card issuer if you funded by card, and report the matter to your bank and to the police or consumer protection authority where you live. Do not pay anyone who offers to recover the funds for an upfront fee.
What should I check before depositing with any broker?
Find the licence number on the broker's own site, then search it on the regulator's register yourself rather than trusting a badge. Check that the entity named on the register is the same one your contract names, that the status reads active with a future expiry date, and that the regulator is a recognised one. If the site says it is regulated but names no regulator, that answers the question.
What we recommend
The practical takeaway from everything above.
Our advice to anyone considering or already using LQH Markets.
- Do not deposit. There is no regulator standing behind this firm, and the company says so itself on its risk disclaimer.
- If you hold a balance, withdraw it now, in full rather than in parts, and keep screenshots of every request, ticket and reply.
- Keep your records. Save deposit receipts, trade history, the withdrawal request log and any email from the compliance team. The reported pattern begins with a compliance accusation, and dated evidence is what gives you a case.
- If funds are already blocked, raise a chargeback with your card issuer within the scheme time limit, report the transaction to your bank, and file a complaint with the police or consumer authority where you live. Crypto deposits are usually unrecoverable.
- Ignore anyone offering to recover your money for an upfront fee. Recovery-room operators target people in exactly this position.
- For our own records: the broker profile currently shows an offshore licence, which is no longer accurate. The Anjouan licence is not in force, so the status should be corrected and the page should carry a warning.
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 October 3, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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