According to a company statement issued by Liquid Markets to its clients, the firm is set to migrate client accounts to the UK’s Financial Conduct Authority regulated entity, LQD Markets UK, by the 7th of July, as the Cypriot entity will stop functioning “soon after that date”.
Under the conditions of the transfer, the customers’ positions and orders will be rolled over to the UK entity along with any personal data, cash balance, trading history and client documentation. The transfer of the accounts will be implemented on Sunday, July 6, in order to avoid disruption of services to the company’s customers with login credentials remaining unchanged.
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Clients of the Cypriot entity of LQD Markets will have to agree to a new list of Terms & Conditions of LQD Markets (UK) Ltd in order to terminate their previous agreement. All clients who intend to object to the transfer of their funds to the UK entity should close all their open positions, remove their open orders and withdraw their funds from their account via the client area website https://my.lqdmarkets.com before the 4th of July.