114 reviews of LiteForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
Worst company to deal with during my investment career.
I got lured in to try their services due to the massive offer of bonus - should have known.
The positive gain I made on the overall account got reduced when I tried to withdraw money.
Gain on the accounts were reduced by the portion of the bonus provided originally.
Upon first withdrawal request, I got the withdrawal approved, then a week later finance rejected, an cancelled interest rate I was given on the amount kept on the account.
Finally got all possible reduction of funds described in T&C, asked for full withdrawal, and after 8 days, still nothing happened. Customer service is pointing at finance department...
I wonder how it is legal to treat requests in this way.
Only now I realized there is no regulatory arm. I hope I will get at least the original deposited funds back - forget the gains made or the interest I lost parking it on their account
I use the pips back from liteforex, but it is one minus , it is difficult to understand how the calculations are made, and I would like a more understandable scheme of commission calculations and refund of commission
I’ve been trading with this broker for a long time and I don’t have any problem with it. I think the technical overlays happen to all who works in this niche. Spreads on ECN accounts are almost zero, I’m happy, they have all the conditions for scalping.
This is my third broker. I can say that each broker has positive and negative sides. Liteforex has fast order execution and fast withdrawal but i do not like interface of clients profile on liteforex site. I remember old interface and old interface wa more better for understanding.
LiteForex is my first broker, i started my trading by reading tutorial on their site. If you are newbie you can start to trade on cent account, and after a lot of days of practice you can transfer your trading to ECN account and continue. withdrawals usually take 3-4 days, my last withdral took 3 days.
I am trader with big experience of trading. I had account with 3 brokers during my trading. In present i have two accounts with liteforex broker. I stoped to jump between brokers, because liteforex have all that i need. this broker have fast withdrawal and deposit and good order execution process
LiteForex is broker with good reputation and good support team. I always can resolve all my questions by writing email to liteforex. This broker have good withdrawal statistic usually i wait my withdrawal 2-4 days on different sum. Also i got 200% bonus from this broker
Withdrawal of this broker usually take 4-5 days, but they promised that you will get your money during 3 days. Usually i withdraw funds via eclectronic payment systems
Sir its been two years now I tried to reap my Decadent under a pamm account but lite Forex have not been assisting at all,early last month I requested for my withdrawal,there was no responds, today I place withdrawal please respond to me before the day runs out.if you fail me today,u will lose me forever,I believe there are other platforms.thank you.
bunch of thugs they do whatever to rip off ur a/c
what about your issue ? did you solve it ? i have just join in with them. i see they have great service. i like their contest. i have some friend in here. they introduce me to liteforex.
As i've been informed before, your profile is under investigation of
the Security department for 14 working days and the period have been
passed ,its now more than 3monthes and no answer
please to inform me youer last review to my complain apart from it is
good or worse
i have tiered to wait youer respond
please dont ignore my email really i have depression of waiting
Client uid: 722313998
there response was
regarding my accounts 230690 real and 160185 and 50990
you have finished the period of 14 working days while my account will be unblocked and available for trading and withdrawal again
i ask you please to activate my account
thanks for yuoer cooperation
On Fri, Sep 5, 2014 at 1:44 PM, amlpolicy wrote:
05.09.2014 12:17, Amjad Alzagmori пишет:
Kindly wait up till 14 working days, while your account will be unblocked and available for trading and withdrawal again. The security department of the LiteForex company notifies you that your profile is in live queue for investigation due to clause 4.3. of Public Offer Agreement: "Transfer of funds can be extended by Company for the period up to 14 working days in exceptional cases requiring verification of compliance of trading and non-trading operations conducted by Clients with the terms and conditions of the “Agreement on the system of quotation and order of trading operations” and this agreement."
As we told you before, you should kindly wait up till 14 working days, while your account will be unblocked and available for trading and withdrawal again. The security department of the LiteForex company notifies you that your profile is in live queue for investigation due to clause 4.3. of Public Offer Agreement: "Transfer of funds can be extended by Company for the period up to 14 working days in exceptional cases requiring verification of compliance of trading and non-trading operations conducted by Clients with the terms and conditions of the “Agreement on the system of quotation and order of trading operations” and this agreement."
until now no response
The company requires you to submit all necessary documents to complete the full verification of your profile (with notarized copies of documents). This request is based on clause 7.1. of the Public Offer Agreement: "The Company has the right to require confirmation of the reality of the registration data specified when opening a trading account. Therefore, the Company may ask the Client any time to provide an electronic copy of his/her identity document attested by a notary (at the Company discretion), as well as an abstract from the bank account or utility bill to confirm his/her address. Detailed requirements of the Client’s identification are described on the Company’s official website in the AML Policy section".
LiteForex Anti-money laundering department.
Pending withdraw since August 06 2014
It should be done in 3 business days...
LiteForex has finally processed my withdrawal request. Presumably, after they had seen my previous review. I just hope it won't take them one month to process my next withdrawal request...
It is taking more than a month now for LiteForex to process my withdrawal request. For some reason they are reluctant to give me my money. Customer service always says the same: "Your request will be processed soon."
It looks like the company is either experiencing some significant financial difficulties or is on a scam run already.
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