Hello. I am a trader in Forex since 2011 and during this time i have worked with 22 to 23 brokers. when I was a beginner I was losting my money very much and I started to participate in courses and using viedo tutorals in internet. So long as you make losses in a broker you are a good client and they contact you very much and you receive lots of ad letters and the encourage you that you should deposit again. Definitely when you start to make profit in market and you are well exprienced at that time your dificulties with broker start. I was not excluded from this rule. I started to make profit in Forex in recent years and then the deficulties with LiteForex has been started. I decided to withdraw my profit which amounted to 1500$ at 26.01.2018 but my order was pending (not processed) till 01.02.2018 while according to the agreement this company should do the withdrawal requests within 3 days. 5.1.3. Funds withdrawal is carried out within the period set individually for each payment system, from 1 to 3 working days. It is inserted on the website that Margin Call 100% & Stop Out 20% and margin call is described in the description part the same. Margin Call - a message from a dealing centre to a trader saying that it is necessary to increase funds on marginal account. Any time your margin reach below 100%, the broker warn you to deposit your account or make it zero.
Warning! Liteforex it's a big Scam!
I like that this broker update design of site regularly. It makes site more suitable and simple for use. I hope that their designers will continue this tradition.
I never had problem with LiteForex. They always provided fast responses. If you are active trader during peak hours than perhaps huge spread can be a problem. I have been with this broker for 3 years and i do not have serious problems with my trading during this period
We have also contacted you several times since 6/18 and have been waiting until 7/6 today, and we have responded positively to our withdrawals. But until now, you 've taken a completely unresponsive approach to dealing with it.
This is completely cheat and scam. Please make liteforex as a scam broker as soon as possible to inform all investors. We will also take more actions to make more people know. We will also begin to legally sue the company of liteforex.
Liteforex, the biggest Forex fraud broker in history (scammed amounts up to 677000 dollars) Being induced to swap free accounts and 70% rebate, I opened account in Liteforex. From March, 23, I deposited total 150000 dollars and withdrawn 10000 dollars, there are 677000 dollars in my accounts, including rebates and profits. Forcefully liteforex shut down my client's portal and account. I sent all the profiles they asked? however? they delayed to solve withdrawn.
If you are looking for a forex broker with fast execution ans low spreas, you can try to trade with LiteForex. this broker has proved to me that they have fast execution and withdrawals. If you will not try "arbitrage" trading I really don't think you will have a problem here. They allow to use EA and other methods fro trading
Cheated - never managed to withdraw funds after 10 months of trial through email, online chat, and phone calls. Have documented evidence of mistreatment, but can't go against a fraud funded on Marshall Islands. Avoid depositing any real money if possible
I started my trading with this broker because they offered various additional services through a VIP club on the site. A broker does not differ much from others but they have many additional options which help improve your trading.
I am satisfied with the technical support of the LiteForex broker. I wrote to them for get help by using chat, mail and social networks and I got a quick response via all channels. I will continue to work with this broker. Trading conditions do not differ much from other brokers, but I really like their service.
During several hours I could not connect to my trading account and I could not forget the login data. After long attempts and communication with technical support, I realized that I'm pointing the wrong server when connecting, be careful and pay attention on all of parameters. Good broker gave answers for all questions and they helped me to found my mistake.
Two years ago I registered on the site of the broker LiteForex, after registration I visited this site only a few times and decided not to trade. A few days ago I decided that I should try to start trading again. I was surprised that my registration was preserved and I was kindly introduced to all innovations by their managers via the chat. Now I'm a beginner trader.
I'm not experienced in currency trading enough to trade myself, so I've decided to try LiteForex investment programs. I was lucky to get a good account manager so now I'm receiving not huge but stabe profit without excessive risks.
I participated in the top10 demo contest and on the second attempt I took the 7th place, I'm grateful for this way to test my skills, and to get a reward in case of my success, this is the impetus for me to move on.
I have installed an forex news application from LiteForex on my smartphone, i can say it’s good application with convenient functions, but I want more news announcements, this will be an indispensable tool for news trading
I've been looking for a normal broker for a year and a half, I changed three of them. Now I work with the partner system of Light, the conditions are normal, the profit is not huge, but stable.
I do not like to talk without arguments, but I do not trust Lite's affiliate. I can not find any plus.
An excellent broker with good conditions for trading. Of all that I have seen - this is the most reliable.
A couple of times I had problems with withdrawal of funds through the WebMoney system. I had to wait for 4-5 days. I contacted LiteForex support and I was advised to use Neteller or Skrill, as well as to replenish by bank card. I started using these methods, there were no more problems.
Initially I was skeptical about the partner program. But I tried and there are no special complaints yet.
Yeah, this broker is the most adequate broker. I tried to use their affiliate, everything’s ok.
Its hard to suggest some ideal broker as each has its pros and cons and only experience (losses and gains) will give you a cluechea what are your requirements to the broker. One of the advantages I consider crucial for a broker is raw spreads+commission which forms ECN platform, I found one at LiteForex
I’ve been working on Normal for about a year cuz I started with it. If you work without connecting to the rebate, it probably seems that spreads are too large. Maybe it would've been like this, but there is instant fulfillment of the transactions because of spreads. Were it not for it, I would've been out of there, but rebate system turns back 50 persent of the spread to your account.
Long as you have a good broker, scalping is very good. Personally, when I started trading, I used to scalp with LiteForex, but after sometimes, I graduated to day trading, so far, so good!
I withdraw from the bonus account to webmoney. Everytime the withdrawal is brilliant. I hear webmoney signal in 20 minutes. Although I don’t like the three pips spread on euro/usd and the unfriendly swaps, there is no problem with the withdrawal and this is the main thing.
I am learning to trade with CFD, I have been trading in LiteForex for three months, as long as I like everything, trade goes smoothly. Already have arrived, the withdrawal of money has not yet ordered, I want to try to withdraw money during several days. If something goes wrong, I'll write about it here.
I opened 4 trading accounts, and they all participate in social trading. This is a good opportunity from LiteForex and good way to 4 times increase your profit, or 4 times faster to lose money but I hope that this will not happen.
I chose the normal account, which means market fulfillment and no requotes, when the market is calm, executions of orders is brilliant. Of course, the news market is stormy, the average slippage is possible, but this is not critical. In perspective, I wanna open ECN account, it has more facilities without limits etc.
Due to lack of live trading experience, I opened several trades without stop losses that lead me to huge losses. The market turned away and just for one night, the balance has decreased by half of the total amount. It was like a nightmare. The first rule of thumb is to fix losses but i was waiting and hopefully market got back. Again, it was necessary to close the open orders with losses. It's just a luck and the same day I quit the market with 8% overall losses. The bottom line is that if the margin requirements and leverage were different, all positions could be liquidated due to Margin Call. I was lucky that broker didn't close them forcibly. So I think we can definitely deal with them and work more closely if needed.
i have clasic and ecn account with liteforex, trading is good on both of them but i can not transfer money between accounts. i think that i can not transfer money between trading accounts because they have different types. Everything else suits me.
Would you like to know if LiteForex is trustworthy? Many traders are afraid of opening an account with the 'wrong' company, as they have heard enough about the bucket shops and fraudulent activities in the field of currency trading. However, most of the forex companies are in fact secure, with responsible and honest operational practices; it is just important to choose the FX broker right.
Along with other factors that need to be taken into consideration, the potential client should get acknowledged with reviews of traders already registered with LiteForex. Of course, the reviews can be of different kind, positive as well as negative, as it is unreal to find a broker matching everyone's expectations. But, taking a notice of the ratio between good and bad impressions, you can understand and conclude for yourself, whether this broker is credible.
Our team sees that the traders' reviews published with us are objective, realistic and do not contain any advertisement or subvertisement on LiteForex.
Our company was founded in 2005 to make the Forex market accessible, safe, easy and profitable for traders from all over the world. Guided by those purposes, we were the first to introduce cent accounts with the initial deposit of as little as $1, thus making Forex available to thousands of...
Regulation: Marshall Islands Business Corporation ActLiteForex trading information
Avoid like the plague! not regulated and removed from New Zealand register. warning from the FCA, FSMA,...Review rating
Execution is ok, as well as trading conditions, but withdrawal is just inconvenient. First of all, I must to close all my orders if I want to withdraw money. Sometimes I prefer to open a long-time deals, and at that time I can't to do anything with...Review rating
When I looked through the general information about the broker, I paid special attention to the negative reviews, it was very interesting what the clients wrote about the withdrawal, in the company's feedback there were very few negatives about the...Review rating
I opened the $50 account. I made $180 profit and traded 2.2lots. But when I try to withdraw my profit it says insufficient funds. what could be...Review rating
They have some nice ebooks and videos for free, good support...Review rating