118 reviews of LiteForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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.
Hello…I’m Soren and trading since 2 years. The market analysis and insights from broker group support the trading directly. In the last two years there are big changes in the company services and they have expanded their vision too.
I began trading with liteforex a couple of months ago, after the documentation verification I started trading with the broker. The cashing out procedure takes a bit time; e-mail response is fast enough, update in trading tools at regular intervals make the trading fast. In real, many of the traders are fascinated due to the contest organized by the group.
I have three years experience of trading. Recently I have started trading with lite group. I read a few reviews about the company, and decide to trade with very small amount. I got my bonus after a month. The withdrawal speed was good, customer support was fine. I traded without any pitfall.
Dear Luca Novello,
The problem is that your positions were not fully executed by counteragent and there is nothing we can do about it.
Also we have no possibility to check instantly if your positions are executed by counteragent or not, because an aggregated position is supposed to be overlapped on omnibus account. So we have to examine the statements of counteragent and only then make a decision. It takes time.
Again, we are very sorry about the situation.
All we can do for you with this regard is to return your deposit to you.
I have been trading with liteforex for last eight months. “Autochartist” is the new tool introduced by lite forex. This latest tool was rolled out in the middle of February. Autochartist has changed the process of analyzing the forex charts and this undoubtedly save time to read the figures. This is really handy from trading vision.
Hello, I’m Luca Novello, old account MT4-F-122435 (now closed by them).
LiteForex broker steals the money of the customers:
when I ask for a withdrawal, LiteForex does not give money;
LiteForex closes customer's account;
LiteForex change the profits made by customers (see its Regulation 6.8);
LiteForex unfairly investigates its customers for recycling;
LiteForex tells lies to justify his actions;
LiteForex says to contact support, but then does not respond to emails.
LiteForex is a scam broker.
Now I will tell you about my last experience.
I noticed a couple of days ago that the account balances are not correct: they have changed the balance of my account? Have they used brute force to change my earnings?
Now I tell you the numbers that were until 20/02/2014:
Money transferred from Italy to LiteForex: € 30.505,00
Interests: € 241,83
Total Profit: € 33.062,51
Total swaps: € -453,24
Account Balance to 12/28/2013: € 63.149,21
On 12/28/2013, request for withdrawal: € 31.500,00
On 02/19/2014, request for withdrawal: € 31.800,00
After two months of email, chat, facebook, controversy, on 02/24/2014 LiteForex pays € 31.500,00 (ticket 12/28/2013)
Withdrawals now pending: € -31.800,00
Balance: € 56,10
When I asked the last withdrawal (ticket 21721091 - € 31.800,00) the balance of my account was found to be € 56.10
Now I have logged into LiteForex's site and I see the following:
Total profit: € 1.653,21 instead of € 33.062,51
Balance: € 446,80 instead of € 56,10
If there were problems with my trades, because don't they tell me before? They have arbitrarily changed the results: is this scam or correct behavior? Are these behaviors of a society fair and honest?
Dear LiteForex, restore immediately the correct balance and profit or I'll report you to the police! Do you think that an international tribunal gives reason to me or to you? I ask you to withdraw all my money! If you do not give me the money I gained, I ask you also moral damages.
Remember that I have proof of everything I say and these are not insults, they are proven facts!
I'm Luca Novello, account MT4-F-122435.
LiteForex is a crook and a thief. My account is over € 62.000. I've withdrawn 31.000 but I am very angry because I do not receive my money. I made two withdrawals:
ticket 19494077 - 28/12/2013 - wire transfer: it is still pending from December!
ticket 20003860 - 15/01/2014 – Skrill: this has been canceled because they would not give me money not even with Skrill.
Have passed many days and I'm not receive precise responses. I have already written a lot of mail and chat.
Now I'm desperate. These thieves are stealing all my savings!
I have a lot of documentation which proves what I am saying.
Stay away from this broker! Look at other reviews on other forums. LiteForex is scam!
This is not possible for me to comment about the trading conditions and platform of liteforex company as I haven’t traded with them with real account, but in case of demo account I recommend this trading company.
It’s been a long time for liteforex to work for clients, so in my opinion, lite forex is doing something right that’s why it is still riding high in the international market. Along with time supportive and helpful changes has been made in this forex company. The execution speed, withdrawal speed is fine enough. Deposits are instant and micro lot seems good for money managing strategy. I can say that lite forex came up with some positive changes and additional user-friendly support.
i recently opened account with Liteforex.. and got stuck... with there terms and conditions.. beware.. any deposit you make... it cant be withdrawn for 45 working days.... and even for skrill deposits.. they say it is moneybookers policy that it cant be withdrawn for 45 working days... but when asked skrill.. they say they dont have such policies..
never fall for the offers they give.. the terms and conditions for different bonus also varies.. and when checked about the company most of the review sites say Lite forex is a scam company.
JUST AVOID THIS COMPANY WITH SUCH HIGH SPREAD AND TERMS AND CONDITIONS ARE MENTIONED SEPARATELY RATHER THAN IN ONE PLACE. AND MAKE YOU FEEL THAT IT IS YOUR MISTAKE. ALL THEY HAVE IS STYLISH WEBSITE NOT MORE.. JUST SHOW OFF.. ..
and other day they added one more problem price manipulation... they manipulate the price when asked the only reply i get is they get price feeding from difference sources so their is difference.. why does regulations let this kind of companies operate.. dont they check about the company who talk about hummer and nonsense.. before approving the license.. forgot to mention they are not regulated...
My experience of working with the liteforex is good. I have been trading with them for one year. They assist me to learn and identify with the basic of the trading market and analyze the forex market conditions.
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