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LiteForex -

Score

4.99 /10
Average

LiteForex

Cyprus

15-20 years

Regulated in Cyprus

Straight Through Processing(STP)

High potential risk

https://www.liteforex.eu

Benchmark

B

Influence

A

Add brokers

Comparison

Quantity 93

Exposure

Open Account
Website

Score

Regulatory Index5.50

Business Index8.79

Risk Management Index0.00

Software Index9.96

License Index3.92

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

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Danger

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2022-09-20
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MY SCM
2022-01-01
INVESTOR ALERT LIST
LiteForex

Broker Information

More

Company Name

Liteforex (Europe) Limited

Company Abbreviation

LiteForex

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2024-11-10
  • The number of the complaints received by WikiFX have reached 80 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

LiteForex

Cyprus

WikiFX Verification

LiteForex · Benchmark
Average transaction speed(ms)
559.1
The highest transaction speed(ms)
76 Great
The highest speed of opening positions(ms)
76 Great
The highest speed of closing position(ms)
76 Great
The lowest speed of opening positions(ms)
1984 Poor
The lowest speed of closing position(ms)
1984
Ranking： 90 / 128
Test user 1,033
Transactions 30,042
Ocuppied margin $5,501,500 USD
Data Source WikiFX Data provide
Updated: 2024-11-08 01:11:00

Exposure

93 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

It slid and moved without any news, either closing or opening

Gab without news, opening or closing

2024-04-03 11:52
Severe Slippage

Very strong spread xagusd

Entry 23.017, sl 23.100. The price is only 23.40, it has already been sl. That's very bad.

2024-01-04 22:45
Others

Fraud in Copy Trading

The master account that I copied for profit. But my account is actually minus 80%. I emailed and received an automated response. Be careful, this broker is starting to scam. I made a new CT transaction for only 2 days. It's already minus 80%.

2024-10-16 09:35
Severe Slippage

So I asked the exchange to compensate me for the loss.

Content: My name is and I have an account on the gmail platform with Mt5 number 469361. Order ID: #95800792 slipped 10 pips when buying at 2363.31 with a stop loss at 2363, but it only hit the stop loss at 2353.10. Meanwhile, the sell order at 2362.05 with ID #95775312 hit the take profit at 2360 at the same time. Why didn't the take profit slip 10 pips and close the position at 2354.5 while the stop loss slipped 10 pips? The fact that the take-profit and stop-loss occurred within the same timeframe indicates that the platform intentionally caused losses for investors. Therefore, I request that the platform compensate me for the incurred losses.

2024-07-18 12:13
Scam

Price chart manipulation

they manipulated chart and doubled my stoploss.

2023-04-06 04:03
Scam

Reset negative account balance, still deduct money when reloading

The negative account balance has been reset, when recharging, the trading platform will still automatically deduct the money.

2024-10-03 21:02
Others

Investors should stay away

Investors should stay away from this exchange and boycott it, it is extremely malicious. tkmtt4 030517 deposited 5k bonus30%, my trades burned and the bonus became negative. I created another account tkmt4 031868 and deposited to recover the trades, but before I could trade, it deducted the negative bonus from my other account. I find it unreasonable, when I complained, they accused me of cheating and deducted it anyway. I have evidence to show how malicious it is.

2024-10-23 13:49
Resolved

Investors should avoid

I trade like this and they accuse me of cheating or holding the string, whatever they want to say. I deposited 5k and got a 30% bonus, which is 1.5k. When I had a losing trade, the bonus was deducted from my MT4 account 030517. A few days later, I created another MT4 account 031868 and deposited 2k, still getting a 20% bonus, which is 400$. I hadn't even traded for about 2 hours when the broker took back the bonus and deducted 1400$ from my account. When I called the support staff, they said the broker reported it as cheating, so the broker demanded to take back the negative bonus from the burned account. Knowing that the broker would do this, no sane person would deposit money for the broker to deduct like that. I have screenshots of the trades for you to see how they handled it, is it right or not.

2024-10-22 12:56
Severe Slippage

I slipped 6 gold prices

the floor is not good, does not match the price SL

2023-08-06 22:15
Resolved

I have filed a complaint against the exchange.

I have complained to the exchange but the exchange is unreasonable and still automatically deducts money from my account thix2588@gmail.com.

2024-10-21 17:02
Scam

Must buy shares 3 days in advance to receive dividends

Yes, it's really a joke. The situation is that I just bought Porsche shares, the stock code is #PAH3 on June 10 on the Lite exchange, this code pays dividends on June 12. But on the evening of June 12, when I did not receive dividends, I reported to Floor Exchange and Floor Exchange said: Must buy shares before June 9 to receive dividends and this is the floor's regulations. Can you please tell me if there is any floor that requires something like that? But I trade on 2 exchanges but 1 exchange gets the answer and the other says it's not due to the exchange's regulations, which makes me feel strange :)))

2024-06-13 17:21
Unable to Withdraw

Belongs to the owner‘s commission

-LiteFinance Brokerage does not operate as a typical broker. Instead, it only benefits from the net P&L and expects clients to suffer losses when it brings in sales without even considering compensating them. We urgently need assistance in asserting the rights of individuals and ensuring that the company takes responsibility for its actions. We are calling on the community to boycott LiteFinance Brokerage and support our efforts to hold them accountable. Who can help me get the Copy Profit Commission, ~$150,000, withheld by LiteFinance back? - I can't blame those trading that lose money due to trading issues. But, it is the result of my hard work and effort, and I fully deserve to get it back. - Now their support team doesn't respond to support messages at all. (There are many salespeople on that broker who are customers of that company.) - P/S: Even if I lose, I just want to warn those who trade here or work as IB, MIB, and salespeople to understand the importance of respecting the law of cause and effect. If you don't know, wake up! -- Litefinance copy account is obtained by trading on a platform that has been built from scratch. ~700 followers + 374,000% profit, started trading on June 15th, and deposited. ~$20,000 was converted into data-idx="1-4-0",656,276, which they later recovered and kept, resulting in a profit of $157,000 from the commission. When there is a significant amount of value and great potential, imitators will emerge and benefit from my efforts and abilities. However, the platform takes control and repurposes them, disregarding the traders and their work. No commission is paid to me for copy profits. I gave Lite Global and Lite Vietnam ample time to address the issue of withholding the copy profit commission from my account. However, they persisted in keeping it and provided unreasonable justifications for not paying and withdrawing up to the limit. Is there a problem with customer sales in the market? ??? It's hard to make money in the market. Even if you don't have a light, it's unfair for you to play like this. Do you still deserve to be called a top exchange?

2023-10-02 20:13
Severe Slippage

Fixed spreads. And SL slips, TP doesn't? Strange

Only saw SL slippage but never saw TP slippage :)))

2023-07-12 22:45
Unable to Withdraw

scammer

the master trader in their copytrade has already gained massolive profit and won't let him withdraw the profits. Now somebody has took over his account.

2023-09-19 17:45
Resolved

Lite exchanges and those

The Lite exchange and related individuals are scamming customers and investors, so we should boycott them. I have traded on this platform and they deceived me with a bonus. Specifically, when I first deposited 5k, I received a 30% bonus. However, my trades resulted in losses and negative bonus. I created a sub MT4 account and deposited 2k, but they deducted 1406$ from it. When I complained, they accused me of cheating and blamed it on using 3 accounts on 1 device. Even if it was 30 accounts, it wouldn't matter because I introduced new customers to them. I used my own familiar device, while their application interface is different from yours.

2024-10-28 10:10
Unable to Withdraw

The platform keeps ~150k USD of my profit

-LiteFinance brokerage does not operate as it is but is the type of broker that only eats Net P/L and wants customers to be burned when they start bringing sales to them before they consider paying personally -Really need help claiming the individuals of their right with clean up the platform, calling on the community to boycott. Can anyone help me get the copy profit commission that LiteFinance is holding back ~$150,000? -There's no blame for those trading who lose money due to trading problems, but this is the result of my sweat and effort, and I completely deserve to get it. -Currently, their support team doesn't answer any messages at all (This platform has many sales as customers for the platform). - P/S: Even if I lose, I just want to warn those, IB, MIB, and sales, who are trading here to know how to fear the Law of Cause and Effect. If you don't know, then wake up! - When I reached the withdrawal limit, SP or the exchange didn't give me any prior notice and I still knew, caught it, and processed it. This site does not process the withdrawal order and informs me that I reached the limit and kept my earned money, which is a copy profit commission, and using the excuse of reaching the limit is completely wrong and has the meaning of appropriation. - I was kept by broker LiteFinance from withdrawing from the main copy commission for very unreasonable reasons and misappropriated and reused the master's efforts (making money in the market is already difficult, without lite they still play unfairly like So the question is, is it worthy of being called a top exchange? Top 1 is playing dirty) - knowing that this account is not under the license but it shows social and quote in copy and now blaming it for reaching the withdrawal limit holding money not paying @nguyenducdung Litefinance is a broker and has social, I have an account from the broker and allows social copying so I did it and got the results. When I was paid copy profits, they used the excuse of reaching the limit and did not let me withdraw that money with the very surprising reason that they asked me to bring customers to the Vietnamese market, I had no obligation to do so. show it to them.

2023-10-03 14:37
    Sources
    Data Source WikiFX Data provide
    Updated: 2024-11-10
    LiteForex · Company summary
    LiteForex Review Summary
    Founded 2004
    Registered CountryCyprus
    RegulatedCYSEC
    Trading InstrumentsCurrency, commodities, global stock indices
    Demo Account✅
    LeverageUp to 1:30
    EUR/USD SpreadFloating around 0.6 pips
    Trading PlatformMT4, MT5
    Copy Trading✅
    Min Account Deposit$50
    Customer SupportWorking hours: 9 a.m. - 9 p.m.(GMT +2) (Monday to Friday)
    Live chat
    Phone: +357-25-750-555
    Email: support@liteforex.eu
    Address: Liteforex (Europe) Ltd, 30 Spyrou Kyprianou, 1st Floor, Germasogeia, 4040, Limassol, Cyprus

    LiteForex Information

    LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, and global stock indices markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides demo accounts and rich educational resources for beginners. The company allows clients to deposit and withdraw funds via popular electronic transfers, bank cards, and bank wire transfers with a minimum amount of 1 USD and no extra fees.

    LiteForex's homepage

    Pros & Cons

    ProsCons
    Many years' experience in the industryLimited leverage ratios
    Regulated by CySECNo 24/7 customer support
    Member of the Investor Compensation Fund
    Various trading instruments
    Demo accounts available
    Tight EUR/USD spread
    MT4 and MT5 supported
    Copy trading offered
    Low minimum deposit
    Popular payment options
    No deposit/withdrawal fees
    Rich educational resources for beginners
    Multiple contact channels

    Is LiteForex Legit?

    Yes. LiteForex is regulated by Cyprus Securities and Exchange Commission (CySEC).

    Regulatory AgencyCyprus Securities and Exchange Commission (CySEC)
    Current StatusRegulated
    Regulated byCyprus
    Licensed InstitutionLiteforex (Europe) Ltd
    Licensed TypeStraight Through Processing (STP)
    Licensed Number093/08
    Regulated by CySEC

    Besides, the broker says that it is a member of the Investor Compensation Fund, which enables them to guarantee that all of their client funds are insured (up to 20,000 EUR).

    Safety of funds guarantee

    Market Instruments

    Tradable Instruments Supported
    Forex ✔
    Commodities✔
    Stock Indices✔
    Cryptocurrency❌
    Bonds❌
    Options❌
    ETFs❌
    Market Instruments

    Account Type

    LiteForex offers a demo account for beginners to practice trading without risking real money.

    For live accounts, the company provides two options: ECN and Classic.

    Account TypeMinimum DepositAccount Base Currency
    ECN$50USD, EUR, GBP, PLN
    Classic$50USD, EUR, GBP, PLN
    Account comparison

    Leverage

    LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Spread & Commission

    Account TypeSpreadCommission
    ECNFloating from 0.0 points✔
    ClassicFloating from 2.0 points❌
    Spreads
    Currency PairSpread (Floating)
    EUR/USD0.6 pips
    GBP/USD1.0 pips
    AUD/USD1.0 pips
    USD/JPY1.0 pips
    EUR/JPY0.2 pips
    Spreads

    Trading Platform

    LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. You can download Apps for Android and iOS.

    Trading PlatformSupported Available Devices Suitable for
    MT4✔Windows PC, MacOS, iPhone/iPad, AndroiBeginners
    MT5✔Windows PC, MacOSExperienced traders
    MT4
    MT5

    Deposit & Withdrawal

    Payment OptionsMin DepositCommission/FeeDeposit TimeWithdrawal Time
    Visa/MasterCard$10❌Instant3-5 days
    Bank wire transfers$10❌2-5 days2-5 days
    Neteller/Skrill$1❌InstantInstant
    Bank cards
    Bank wire transfer
    E-transfers

    News

    NewsUnlock a 100% Bonus with LiteFinance: Use Code PROFIT Now!

    Boost your trading in the Philippines with LiteFinance’s 100% bonus offer! Increase your deposit and trade with more capital. Claim your bonus now!

    WikiFX
    2024-08-12 16:49
    Unlock a 100% Bonus with LiteFinance: Use Code PROFIT Now!

    NewsLiteFinance Welcomes 2024 with Big Wins & Better Trading

    LiteFinance welcomed 2024 with New Year's promotions and enhanced trading conditions. Customers had the chance to win big with raffles and enjoyed lower fees for a profitable trading journey.

    WikiFX
    2024-02-07 14:22
    LiteFinance Welcomes 2024 with Big Wins & Better Trading

    NewsMonthly Japanese yen fundamental forecast

    Is there a correlation between faster wage growth and faster inflation? Conversely, do high prices trigger workers to demand higher wages, resulting in employers eventually agreeing?

    WikiFX
    2023-11-28 17:26
    Monthly Japanese yen fundamental forecast

    NewsPound skating on thin ice. Forecast as of 19.10.2023

    The caution of the Bank of England, stagflation in the UK, and the crisis in the Middle East are pressing the pound down. Following a short correction up, the GBPUSD resumed falling and will hardly turn up in the near future. Let us discuss the Forex outlook and make up a trading plan.

    WikiFX
    2023-10-25 10:49
    Pound skating on thin ice. Forecast as of 19.10.2023
    About More

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    FX3109000831
    0-3months
    bọn sàn lite và những người có liên quan là bọn ăn chặn tiền của khách hàng ae nhà đầu tư nên tẩy chay bọn này vì tôi đã giao dịch sàn này bị nó lừa cho tiền bonus cụ thể như sau lần đầu tôi nạp 5k đc 30%bonus tôi giao dịch bị cháy và âm bonus tôi tạo mt4phụ và nạp vào 2k nó khấu trừ 1406$ luôn mình khiếu lại nó bảo mình đánh gian lận và đổ tội là 1 đt dùng 3tk .3tk chứ 30tk cũng chẳng sao vì mình giới thiệu cho khách mới chơi mình dùng đt của mình quen rồi chứ đt của bạn giao diện ứng dụng nó khác nhau
    bọn sàn lite và những người có liên quan là bọn ăn chặn tiền của khách hàng ae nhà đầu tư nên tẩy chay bọn này vì tôi đã giao dịch sàn này bị nó lừa cho tiền bonus cụ thể như sau lần đầu tôi nạp 5k đc 30%bonus tôi giao dịch bị cháy và âm bonus tôi tạo mt4phụ và nạp vào 2k nó khấu trừ 1406$ luôn mình khiếu lại nó bảo mình đánh gian lận và đổ tội là 1 đt dùng 3tk .3tk chứ 30tk cũng chẳng sao vì mình giới thiệu cho khách mới chơi mình dùng đt của mình quen rồi chứ đt của bạn giao diện ứng dụng nó khác nhau
    Translate to English
    2024-10-28 10:10
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    FX3109000831
    0-3months
    ae nhà đầu tư nên né sàn này ra nhé và tẩy chay nó đi nó khốn nạn vô cùng tkmtt4 030517 nạp 5k bonus30%mình giao dịch bị cháy và âm bonus mình tạo tkmt4 031868 khác rồi nạp vào để giao dịch gỡ lại chưa kịp giao dịch thì nó lại khấu trừ tiền âm bonus của tk kia của mình .mình thấy vô lý đã khiếu lại thì nó bảo đánh gian lận nó trừ luôn mình có hình ảnh để các bạn xem nó khốn nạn không
    ae nhà đầu tư nên né sàn này ra nhé và tẩy chay nó đi nó khốn nạn vô cùng tkmtt4 030517 nạp 5k bonus30%mình giao dịch bị cháy và âm bonus mình tạo tkmt4 031868 khác rồi nạp vào để giao dịch gỡ lại chưa kịp giao dịch thì nó lại khấu trừ tiền âm bonus của tk kia của mình .mình thấy vô lý đã khiếu lại thì nó bảo đánh gian lận nó trừ luôn mình có hình ảnh để các bạn xem nó khốn nạn không
    Translate to English
    2024-10-23 13:49
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