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Score
Cyprus
15-20 yearsRegulated in Cyprus
Straight Through Processing(STP)
MT4 Full License
Regional Brokers
High potential risk
Benchmark
Influence
Add brokers
Comparison
Quantity 96
Exposure
Score
Regulatory Index5.50
Business Index8.80
Risk Management Index0.00
Software Index9.96
License Index3.92
Single Core
1G
40G
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Danger
Danger
Danger
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Company Name
Liteforex (Europe) Limited
Company Abbreviation
LiteForex
Platform registered country and region
Cyprus
Company website
Company summary
Pyramid scheme complaint
Expose
Gab without news, opening or closing
I have complained to the exchange but the exchange is unreasonable and still automatically deducts money from my account thix2588@gmail.com.
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 :)))
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.
Entry 23.017, sl 23.100. The price is only 23.40, it has already been sl. That's very bad.
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.
Where are you from so avoid this floor because they are not reputable, I have been deducted an unreasonable bonus, I think you should boycott them and find a reputable group to invest in, guys. I was tricked by them as follows: I created an account for the first time, deposited 5k, bonus 30% = 1.5k, I lost the transaction, my account was burned and the bonus was negative. The next day I created a sub-account and deposited 2k, then suddenly the group deducted the bonus that had been burned from the previous account according to the floors. If it was burned, then I would not ask for it back, but this lite floor played dirty with customers.
I am Tran Hien. I registered an account with gmail tranhien0610@gmail.com, I was introduced by an IB through Facebook (we met in person for coffee, meals, and there are video and photo evidence) to guide me in registration and depositing over 9000 USD to follow the copytrade of that broker. When my assets reached over 11000 USD, this broker deliberately placed large orders against the market to burn my entire account. After that, the IB blocked all contact with me. I reported to the police in Hung Yen city but have not received any resolution. I messaged the exchange for support, but they refused to take responsibility because the IB is a partner of the exchange and not related to the exchange. I have saved the photo evidence. Thank you very much! ps: Everyone should stay away from this exchange, as they engage in fraudulent activities and shirk responsibility. They do not support customers. Currently, this IB still regularly posts on Facebook to continue their fraudulent activities.
The negative account balance has been reset, when recharging, the trading platform will still automatically deduct the money.
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%.
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.
-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?
It is recommended to avoid this platform as it may burn copied accounts and entice customers to deposit more to hold positions.
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.
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.
-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.
LiteForex Review Summary | |
Founded | 2004 |
Registered Country | Cyprus |
Regulated | CYSEC |
Trading Instruments | Currency, commodities, global stock indices |
Demo Account | ✅ |
Leverage | Up to 1:30 |
EUR/USD Spread | Floating around 0.6 pips |
Trading Platform | MT4, MT5 |
Copy Trading | ✅ |
Min Account Deposit | $50 |
Customer Support | Working 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 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.
Pros | Cons |
Many years' experience in the industry | Limited leverage ratios |
Regulated by CySEC | No 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 |
Yes. LiteForex is regulated by Cyprus Securities and Exchange Commission (CySEC).
Regulatory Agency | Cyprus Securities and Exchange Commission (CySEC) |
Current Status | Regulated |
Regulated by | Cyprus |
Licensed Institution | Liteforex (Europe) Ltd |
Licensed Type | Straight Through Processing (STP) |
Licensed Number | 093/08 |
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).
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Stock Indices | ✔ |
Cryptocurrency | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
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 Type | Minimum Deposit | Account Base Currency |
ECN | $50 | USD, EUR, GBP, PLN |
Classic | $50 | USD, EUR, GBP, PLN |
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.
Account Type | Spread | Commission |
ECN | Floating from 0.0 points | ✔ |
Classic | Floating from 2.0 points | ❌ |
Currency Pair | Spread (Floating) |
EUR/USD | 0.6 pips |
GBP/USD | 1.0 pips |
AUD/USD | 1.0 pips |
USD/JPY | 1.0 pips |
EUR/JPY | 0.2 pips |
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 Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | Windows PC, MacOS, iPhone/iPad, Androi | Beginners |
MT5 | ✔ | Windows PC, MacOS | Experienced traders |
Payment Options | Min Deposit | Commission/Fee | Deposit Time | Withdrawal Time |
Visa/MasterCard | $10 | ❌ | Instant | 3-5 days |
Bank wire transfers | $10 | ❌ | 2-5 days | 2-5 days |
Neteller/Skrill | $1 | ❌ | Instant | Instant |
Liteforex is the trading name Liteforex (Europe) Limited which is registered with the address: 1 Vasileos Georgiou A Street, Monastiraki Center, Office 1, Potamos Germasogeias, 4040, Limassol, Cyprus, launched in 2005.
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