114 reviews of LiteForex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
terrible broker. slow server. impossible to make profits. every time requote price even with 20 pips deviation. very hard to close order too until negative then it will close. requote, invalid price, time expired and all sorts of messages come out. my honest advice to all of you. avoid this broker.
Liteforex started well. Instance funding, fast execution, fast withdrawal. However, it has turned to be not efficient anymore. No instance funding anymore. I have deposited on 2nd Oct but till now I have yet to see it in my account. I have sent many emails, but no action taken. I feel really dissapointed with them.
i submitted the review on liteforex on the 08/08/2008 about the experiences i have during announcement. i have diceded not to leave them because most, if not all brokers, one way or the order make things difficult for thier clients during announcements from hiking spreads to turning winning trades int loosing ones.for me it's not enough reason to leave a broker. i am sticking with them. at least i enjoy other benefits. and withdrawal is fast.
i thought they were the very best brokers for the 6 months i trade with them untill something happened which initially i though was my fault untill it happened 2 more times . i ussually trade news with buy and sell stop pending orders . i place two pending orders of buy stop and sell stop 2 to 1 munits to the announcements like non farmpay roll ther mportant once. i only add 10 to 15 pips above and below the current price before announcement. what LITEFOREX always do to me during release of key important announce is to increase my set entry to MAKE ME LOSS my money. e.g if EURUSD is @ 1.5900 before announcement, i ll set my entry @ 1.5910 iif price eventually go up to 1.5980 LITEFOREX will ridiculiuosly increase my enty price to the end of the first price hike! @ 1.5980 . ead counting about 70 pips in profit , @ that price i will begin to loss from the price drop from 1.5980. this is just nothing but evil. if you want to make it in the market avoud them. for me i am quitting. you can cantact me @ firstname.lastname@example.org or call 234+07035447315 for more details .
ben from Nigeria.
I have been trading using LiteForex for about one year now. Initially, they are good and reliable. Fast execution and instant funding of deposit.
However, they have been performing quite badly lately. My latest experience has made me decided not to continue using their service after this. Due to my account approaching margin call, I deposited some money into the account using Liberty reserve. 28 hours later, I have yet to see the money in my account. Today,my account balance is fast depleting (soon to be margin-called,I beleive).
I have this feeling that liteForex purposely let this happen so that they can steal customers' money by means of the margin call. Yes, I read in a forum somewhere of similar case involving Liteforex. The money only appeared in the guy's account AFTER the account has been margin-called !!
Honestly speaking, i have a live trading account with other brokers before i discovered Liteforex. Liteforex is too transparency in their dealing compare to other brokers, They are the best for now, leverage, pips, lots, currency pairs. I love them too much.
Good broker but some slow execution in some times but only have this problem, because I think is so good.
Great for validating your Metatrade EA's on a live system without risking large sums of money
I admit that this is a very nice broker that even accepts a little amount of 1$ to trade and they even use the most popular trading platform known as the mt4. I don't have any problem regarding about depositing funds into your account because it is instantly credited in your account, but what I really don't like is their withdrawal system that takes almost 1 business day to process.
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