LiteForex — Forex Broker

I am trading with my EA and everything is smooth. Execution speed and withdrawal speed are okay.

After some time of being with LiteForex I can say that I like the company. BUT!

They MUST improve the time of of profit withdrawal. Why should I wait for 5 days when they approve the money transaction? (The deposit is instant btw). But overall I do love the broker.

I'd like to thank LiteForex tech support team for their help and commitment. My problem was solved and now I'm trading with pleasure and comfprt. Thank guys.

Stable, reliable broker. High exceution speed, everything is cool. They are not regulated by CFTC, but that's ok for me.

Hello,

My name is Sergei Shuvalov, I am official representative of LiteForex.

To SY from Singapore:

As you know you have lost your case against us at RAFMM. The committee consisting of independent traders and representatives of forex brokers established that you are a scammer who tried to steal our money. They considered your actions to be unlawful. So we were right when we cancelled your profit.

To forexia from Israel.

The "investigtion" at FPA that you mention included a case of several of our former clients against us. Like with SY's situations we have won this case at FPA and and our actions were justified.

Stay Away From Them!

They continue to steal profit from you.

3 more victims from Asia!

Stop Your Trade with Them.

Withdraw Your Money Now!

A great forex broker. One of the best in my area. I'd like to recommend it to everybody.

I saw the investigation regarding this company at the forexpeacearmy site - please, check that out before opening account with them

[B]Email From LiteForex [/B]

I receive email from LiteForex on 19 August 2011 regarding the account blocking & initial deposit refund as described in following section.

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[I]We've found out that IP address was used to create multiple different Client Profiles which is a direct

violation of p. 5.14 of Public Offer Agreement "The Client acknowledges that he/she is entitled to

register only one profile in the Client's Cabinet. Company's policy does not allow a person and

juridical entity to have multiple profiles.". Also, we are obliged inform you, that you had violated the

term of affiliate agreement:

1.8 Neither a Partner nor his relatives or any Partner’s affiliated entities may act as Referral. If any

data intersections (such as passport details, address, phone number, e-mail, IP-addresses or other)

are detected, a Referral’s account will be excluded from a Partner’s client list and commission will

not be paid for such account. Accounts operated from the same IP-address are considered as a

single active account. Due these facts your account's will be blocked for trading, but you will be able

to withdraw all your initial deposits.

Profile [email]c.y.wong.digi@gmail.com[/email] was deposited on EUR 58570,9, withdrawed EUR 53 198.16 so you

can withdraw now EUR 5372,74.

Profile [email]syking@gmail.com[/email] was deposited on EUR 57 408, withdrawed EUR 50 036 so you can

dithdraw now EUR 7372.[/I]

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[B]Regulation 1 – Public Offer Agreement P.5.14 [/B]

Refer to Page 5 of terms-of-use.pdf

P.5.14. The Client acknowledges that he/she is entitled to register only one profile in the Client's

Cabinet. Company's policy does not allow a person and juridical entity to have multiple profiles.

I disagree with LiteForex claims on above violation. I only have 1 verified account [email]c.y.wong.digi@gmail.com[/email]. I have confirmed with [B]Natalya Zhaminova (Accounts Manager)[/B] that I only have one verified profile with LiteForex. Based on following Regulation P.5.9, I would like LiteForex to provide me evidence/server log file to show me that I have multiple verified account. Based on P.5.9. In the event of disagreement concerning the state of the Client's account, parties will review records of Client's operations in the server's log-file.

[B]Regulation 2 – “INTERNET-PARTNER” PROGRAM PUBLIC OFFER AGREEMENT P.1.8[/B]

Refer to [url=http://www.liteforexpartner.com/programms/partnership_agreement]Forex Affiliate Agreement | LiteForexPartner[/url]

Based on P.1.8 Neither a Partner nor his relatives or any Partner’s affiliated entities may act as Referral.

If any data intersections (such as passport details, address, phone number, e-mail, IP-addresses or

other) are detected, a Referral’s account will be excluded from a Partner’s client list and commission

will not be paid for such account. Accounts operated from the same IP-address are considered as a

single active account.

Based on the above regulation P.1.8, LiteForex should not take my profit as I do not participate

affiliate program. In what circumstances that LiteForex think my profile related to [email]syking@gmail.com[/email]

that I considered violate above regulation. I do not sign this “INTERNET-PARNTER” Program Public

Offer Agreement & LiteForex has no autohority to claim that I violate above regulations.

The relation between Wang Suyun and I (Wong Cheng Yee) is friend. We are neither partner nor

relatives. [B][B]Sharing IP address[/B] is very common in Singapore[/B]. From here, I want to declare that I am

Wong Cheng Yee with Passport number is A17746000 and I am from Malaysia, Suyun Wang is from

P.R.China. We are 2 different persons.

[B]No Regulation to Take My Profit[/B]

I have gone through all the signed agreement with LiteForex. There is no single regulation that

LiteForex has permission to take my profit. LiteForex does not provide me with sufficient evident

to prove that I have violate their regulation. I do not violate any regulations & LiteForex has no

authority to block my account & only refund me with initial deposit.

[B]Account Blocking[/B]

LiteForex has blocked my trading account 106299 & 111172 without advance notice.

[B]Balance Of My Active Account [/B]

Balance of Trading Account 106299 - [B]4372.86 EUR[/B]

Balance of Trading Account 111172 [B]16, 647.12 EUR[/B]

Total Balance(106299 + 111172) - [B]21, 019.98 EUR[/B]

LiteForex Initial Deposit Refund - [B]5, 372.74 EUR[/B]

[B]Full Refund (Intial Deposit + Profit) [B]21, 019.98 EUR[/B][/B]

LiteForex should refund (Full Refund = Initial Deposit + Profit) [B]21, 019.98 EUR[/B] to me.

LiteForex block my account & steal my profit! Don't trade with them. They are scam. More victims appear in Asia.

i would rate 3/5 good with service withdraw process fast but the problems with many requotes else nothing bad with liteforex.

It’s a strange complaint. You’re saying that you’ve been trading for 3 years with LiteForex and still you haven’t heard that you can only withdraw by the same method that you used for deposit. Is it your broker’s fault that you don’t know the simplest rules? It’s written everywhere – take a look at their faq section.

hello

I been trading with lite forex since 3 years.

Once i tryed to withdraw my money ,i did notice that it was shown withdrawed but it never did come to my momebookers account!

instead it was on my meta trade platform still redeposited by them!

wenn i asked their support they said that i did withdraw with another e-mail adress wich didn^t mach on their system!!!

So id did looks like they want to you trade more with them so you can loose your money again like it happend till now to me still this 3 years beeing trading with this broker!

so till now some 2000 dollar loosing and no profit absolute!

FOR 1 PIP IT DIDN^T CLOSE MY WINNIG POSITIONS SEVEREL TIMES SO THAT WAS ENOUGH TO BLOW MY BALANCE AND LOOSE MY MONEY FOR X TIMES!!

HOW BAD IT COULD BE?

Guys, I recommend you to stay away from that broker company! On 14.05.2011 I started my first withdrawal request of 200.77$ via bank wire transfer and they didn't fund my bank account till now! They said my withdrawal request was fulfilled and funds were sent to my bank account! Bank wire withdrawal usually took 5-6 working days. Also they needed 1-2 working days for checking. But also after these 8 working days nothing happened! I have contacted them several times but no answer?!

So please stay away from that broker ! ! !

I'm very satisfied with their level of service. Everything is working fine unlike the other Malay fx brokers