LQD Markets presented itself as an online broker for trading Contracts for Difference (CFDs) on Forex, indices, commodities, and shares. The company targeted international clients, primarily in the UK and Canada, by falsely claiming to be authorized and regulated by the UK's Financial Conduct Authority (FCA). In March 2021, the FCA and several Canadian securities commissions publicly identified LQD Markets as an unauthorized "clone firm" that was illegally using the details of legitimate, registered firms to deceive investors. The company's website has since been taken offline, and it is considered defunct.