liteforex.org (lite-forex.com) - Page 2

sammy2000 · (#11 (**permalink**))

i ve been scammed by Liteforex who so ever is reading this mial should please beware of this firm and if u ve money please withdram immediately cos they will wipe out yuor account delibrately like mine

LF adviser · (#12 (**permalink**))

Hello, sammy2000. I think that your accusations are hasty. If you have a concrete complaint, I ask you to specify a number of account and order, and also the heart of the question. Your demand will be processed.

LF adviser · (#13 (**permalink**))

The Traders Contest

ForexPeoples.com is happy to announce a new 2009 traders’ championship, co-sponsored by United World Capital Limited and Straighthold Investment Group, Inc.
Using our wealth of experience in hosting traders’ championships , we’ve collated the best practices ie: a proven way for rating calculation and a reliable way to protect the championship from any fraudulent activities.
We’ve decided to increase the prize money. Traders Worldwide get the opportunity to compete for the prize money and the title of the BEST.
Prize money won during the championship can become your first deposit when opening a real trading account and a basis for obtaining real profits. There are no restrictions in any way in your choice of brokerage company you wish to open an account with. You may however utilise your prize money for anything you want.

What are the positives for the trader by participating in the Traders championship or if she/he wins or ranks within one of the top?
* You will be able to observe your abilities in proper trading conditions and therefore make calculated estimates for gaining profits on the financial markets;
* You can earn the start-up capital for further investment without any risks (you don’t need to invest in order to participate in the championship);
* You can showcase your skills to others and, maybe you can find some investors who might want to use your skills .

Welcome to the ForexPeoples.com championship! And let the BEST win!

There are 8 top places with the following prizes:

1st place – USD 800;
2nd place - USD 500;
3rd place - USD 300;
4th place - USD 200;
5th place - USD 100;
6th place - USD 50;
7th place - USD 30;
8th place - USD 20.

Start of the tournament – 9th of February; end of the tournament – 6th of March.

Read Contest Rules and Sign up now! >>> contest.forexpeoples.com

LF adviser · (#14 (**permalink**))

The winners of a trader competition at forum ForexPeoples.com are declared and rewarded

On the 6th of March, 2009 the active trading of the competition has ended, it was conducted by the forum ForexPeoples.com with support of the group of companies LiteForex. On March, 13th, as well as it was announced before in the competition conditions, the final results are sum upped and the competition winners are published, the won sums are deposited into their trading accounts – 800, 500, 300, 200, 100, 50, 30 and 20 US dollars for 1, 2, 3, 4, 5, 6, 7 and 8 places in the rating table respectively.
1624 participants from 9 various countries worldwide were registered for a participation in the competition, 1605 traders have taken active part in the competitive trading. The funds total admitted to the trading at the moment of the beginning of the competition makes up 160 500 000 US dollars, at the ending of the competition this sum has made up 169 821 994, 5 US dollars taking into account negative balances of participant deposits.
The competition winner is a trader from Russia; he opened his competitive account in the company Straighthold Investment Group, Inc, being a part of the group of companies LiteForex. The 2nd and 5th places were taken by the traders from Belarus, the 3rd and 8th – the traders from Ukraine, the 4th – the trader from Lithuania, the 6th and 7th places also were taken by Russians.
« it’s impossible to tell about a considerable superiority of someone among winners », - comments, the final results of trading competition, the marketing director of the group of companies LiteForex Simeon Rakhmanov, - « the gap between contenders for various places was estimated at the tenth parts of a point, as well as a difference between prize-winning and not prize-winning rating positions».
The most successful trading was the trading of the winner, in the true sense of the word, – the trader managed to increase his deposit by 50 % and following the strict competitive rules of trade-keeping. Also the Russian managed to come to the ending of the competition with the smallest deposit: the trader has kept only 40039.51 on the competitive deposit from initial 100 000 US dollars.
The prize-winning sums will be deposited into accounts specified by the winners during three bank days and its can be used by their owners discretion with no restrictions.

LF adviser · (#15 (**permalink**))

Quote:

Originally Posted by LF adviser

The Traders Contest

[b]ForexPeoples.com is happy to announce a new 2009 traders’ championship, co-sponsored by United World Capital Limited and Straighthold Investment Group, Inc.

The winners of a trader competition at forum ForexPeoples.com are declared and rewarded

On the 6th of March, 2009 the active trading of the competition has ended, it was conducted by the forum ForexPeoples.com with support of the group of companies LiteForex. On March, 13th, as well as it was announced before in the competition conditions, the final results are sum upped and the competition winners are published, the won sums are deposited into their trading accounts – 800, 500, 300, 200, 100, 50, 30 and 20 US dollars for 1, 2, 3, 4, 5, 6, 7 and 8 places in the rating table respectively.
1624 participants from 9 various countries worldwide were registered for a participation in the competition, 1605 traders have taken active part in the competitive trading. The funds total admitted to the trading at the moment of the beginning of the competition makes up 160 500 000 US dollars, at the ending of the competition this sum has made up 169 821 994, 5 US dollars taking into account negative balances of participant deposits.
The competition winner is a trader from Russia; he opened his competitive account in the company Straighthold Investment Group, Inc, being a part of the group of companies LiteForex. The 2nd and 5th places were taken by the traders from Belarus, the 3rd and 8th – the traders from Ukraine, the 4th – the trader from Lithuania, the 6th and 7th places also were taken by Russians.
« it’s impossible to tell about a considerable superiority of someone among winners », - comments, the final results of trading competition, the marketing director of the group of companies LiteForex Simeon Rakhmanov, - « the gap between contenders for various places was estimated at the tenth parts of a point, as well as a difference between prize-winning and not prize-winning rating positions».
The most successful trading was the trading of the winner, in the true sense of the word, – the trader managed to increase his deposit by 50 % and following the strict competitive rules of trade-keeping. Also the Russian managed to come to the ending of the competition with the smallest deposit: the trader has kept only 40039.51 on the competitive deposit from initial 100 000 US dollars.
The prize-winning sums will be deposited into accounts specified by the winners during three bank days and its can be used by their owners discretion with no restrictions.

Will88 · (#16 (**permalink**))

Hi Dmitry,
Just wondering has Lite-Forex register with any regulatory body like NFA, CFTC and etc?
I m not sure which is applicable to you. I m suggesting this is because I've read so many negatives and positives thread till I don't know which to believe anymore. I think with some regulatory body behind a company, I m sure it will be an advantage for Lite-Forex to boost investors confidence. Thanks and hope to hear from you soon.

LF adviser · (#17 (**permalink**))

Quote:

Originally Posted by Will88

Hi Dmitry,
Just wondering has Lite-Forex register with any regulatory body like NFA, CFTC and etc?

With pleasure I will answer your questions.

The group of companies LiteForex is presented by two companies: an independent market maker Straighthold Investment Group Inc. and the broker company licensed in Europe United World Capital.

LiteForex service mark and web-site are governed by Straighthold Investment Group Inc., registered resident of Seychelles, according to the terms of the International Business Companies Act, 1994 (Act 24 of 1994).
LiteForex service mark is registered in the United States Patent and Trademark Office under the serial number 78863864 and registration number 3255556. The owner of the LiteForex service mark is Straighthold Investment Group, Inc.
Straighthold Investment Group, Inc. activity is regulated by Seychelles International Business Authority, company is registered under the ref. number 036925.
The registered agent of Straighthold Investment Group, Inc. on Seychelles is Intershore Consult (Proprietary) Limited. The legal address of the company is: 306 Victoria House, Victoria, Mahe, Seychelles.

United World Capital is registered as a CIF (Cyprus Investment Firm) under the registration number HE230122 and licensed by CySEC (Cyprus Securities and Exchange Commission) under the license number 093/08 in accordance with new MiFID (Markets in Financial Instruments Directive) – a European Union law which provides a harmonized regulatory regime for investment services across the 27 member states of the European Economic Area.
By being a licensed European Union investment company, United World Capital is a member of the Investor’s Compensation Fund which protects clients assets in the event of a company failure.

Quote:

Originally Posted by Will88

I m not sure which is applicable to you. I m suggesting this is because I've read so many negatives and positives thread till I don't know which to believe anymore. I think with some regulatory body behind a company, I m sure it will be an advantage for Lite-Forex to boost investors confidence. Thanks and hope to hear from you soon.

I am present more than at 40 basic English-speaking forex-forums and is ready to answer under any claim or a question. I am always ready to discuss any possible claim from the client of the company. I also do not recommend to you to trust that information about which you write as there are no clean data about her authenticity.

imsza · (#18 (**permalink**))

First impression is, no physical person is named nor there are any pictures of the employees or the company.
Everything is secret and anonymous.

There are many misleading information on the web site.

Straighthold Investment Group, Inc. is a Seychelles off-shore company!
I give you some facts and quotes and I leave it up to you to make up your own mind about LiteForex and Straighthold Investment Group

Let's begin...
On the web site you see a picture of a building and in the background there is the London Stock Exchange
About our Forex company | LiteForex
Gives me the impression that Straighthold Investment Group is in that nice, enormous building, but wait, Straighthold Investment Group has no office in London.

Quote from About our Forex company | LiteForex
- LiteForex is a service mark and division of Straighthold Investment Group, one of the most respected online Forex-trading companies in the industry.

I have never heard of Straighthold Investment Group before! And I watch CNBC and other financial programs all day long.
Not to mention all the news papers.
Straighthold Investment Group, Inc. has no web site. You will be redirected to Forex world | LiteForex
"the most respected" has no web site...

Quote from LiteForex.org :: Legal Information
- The registered agent of Straighthold Investment Group, Inc. on Seychelles is Intershore Consult (Proprietary) Limited.
The legal address of the company is: 306 Victoria House, Victoria, Mahe, Seychelles.

This tells me a lot of things. First, let's see who is Intershore.
Intershore Consult Welcome Page
Intershore is just a consult company who opens off-shore companies and THEIR address is 306 Victoria House.
If you brows to the link "offshore Knowledge Base" -> "Uses of off-shore companies" you would read some disturbing information.
Quote:
-(2) Investment companies
Use of an offshore company also protects the identity of the ultimate beneficial owner.

-(12) Confidentiality
There are often sound commercial and security reasons for using the confidentiality that an offshore structure can provide.
Confidentiality is a cornerstone of the functioning of offshore centres. Without confidentiality laws and codes of practice there would be no faith in the finance centres and their economies would fail.
Banks, fiduciaries, trust companies and corporate service providers all adhere to the strictest standards, whether these are enforced by law or not.
Subject to the requirements of the money laundering and financial regulation laws, only a properly authorised criminal investigation will cause such a firm to divulge the ownership of an offshore structure or bank account.

Quote from LiteForex.org :: Legal Information
-LiteForex service mark and Forex world | LiteForex web-site are governed by Straighthold Investment Group Inc., registered resident of Seychelles, according to the terms of the International Business Companies Act, 1994 (Act 24 of 1994).

This doesn't give me much confidence! An off-shore company with no legal person named and with no office governs LiteForex...
What is "International Business Companies Act, 1994 (Act 24 of 1994)"?
Read the Seychelles International Business Authority web site
Seychelles International Business Authority: Conference
In the link "Corporate Service Providers" you will find Intershore Consult, off course
In the link "Products" -> "International Business Companies (IBC)" you can download the pdf for "International Business Companies Act, 1994 (Act 24 of 1994)"
In short, IBC Act 1994 tells you how to open a company, register it and that it will cost you $100 USD?

Read also the IBC FAQ pdf file
The question 9 is interesting, quote:
-Is confidentiality granted to IBC’s and what information is public?
Answer:
1) Yes. All proceedings in respect of civil matter involving an IBC shall be heard by a Judge in Chambers.
2) The Registrar maintains only the copies of the Memorandum and Articles of
Association as well as copies of certificates of incorporation good standing, change of name and other such certificates.

Quote from LiteForex.org :: Legal Information
- Straighthold Investment Group, Inc. business activity complies completely with Seychelles legislation and conforms to its regulations and internationally accepted supervisory and regulatory standards.

Really? Where can I find that information? And most importantly what do you mean? What agency supervise and regulates Straighthold?
Straighthold Investment Group, Inc. is registered as a company and regulated that Straighthold will pay their annual $100? registration fees BUT not regulated as a financial institution by SEC or any other government agencies.
Registered and regulated are 2 different legal words! I KNOW!!!!
The only way you are 'regulated' can be found in IBC Act 1994.

-> Dmitry
You wrote to JmzRodrigo who's money has been lost because you have deleted the real information from your server
liteforex.org (lite-forex.com)

And the document you refer to http://liteforex.org/content/en/reglament.doc
Quote of Dmitry:
Out-market quotation satisfies to each of the following conditions:
- essential gap;
- short time return of the price to the initial level through a gap;
- no price dynamics before the quotation appears;
- no news and relevant market events could influent the instrument rate (LiteForex Trading Limited reserves a right to remove out-market quotation information from a server database).

Are you kidding? Is this a joke????
"LiteForex Trading Limited reserves a right to remove out-market quotation information from a server database"
As a financial institution you can not delete any account information from you server! There are laws against this!
Not to mention, if the IRS or any other government agencies would investigate you, you would have "missing" information's in your system.
They would shut you down for tax evasion, fraud, manipulation of the books, electronic data fraud etc.. But wait, Straighthold Investment Group, Inc. is an off-shore company, so I guess it's ok.
Think twice! How would that work if your bank, a FINANCIAL INSTITUTION, would delete some transfers to your account and they would say, "Prove me wrong!"

"out-market quotation" == no trade is allowed. This should be regulated/controlled by the server and not by you, manually...
What are the guaranties that you did not put the money into your own pocket? You can not prove that because you have deleted the information from the server!
With this attitude "out-market quotation", you can delete anything and there is no prove that YOU did wrong!

Should all your clients, like JmzRodrigo, have a camera over their shoulders to record all their activity just to prove you wrong?

Quote from About our Forex company | LiteForex
- PROCEDURES FOR PREVENTION OF UNLAWFUL ACTIVITIES
LiteForex is committed to assisting governments combat money laundering and the financing of terrorist activities around the world. For this purpose LiteForex has set up a highly sophisticated electronic system that documents and verifies client identification records, and tracks and maintains detailed records of all Forex transactions.

You are deleting records from your server!! And you are committed to assist what government??
I wonder what anti-terrorist agencies would say when they find out that you are deleting records from your "detailed records of all Forex transactions"

Will88 asked a simple question about Regulatory Body:
liteforex.org (lite-forex.com)
And your answer:
liteforex.org (lite-forex.com)

You don't actually answer the question!
Quote:
-The group of companies LiteForex is presented by two companies: an independent market maker Straighthold Investment Group Inc. and the broker company licensed in Europe United World Capital.

You mean this:
UWC — United World Capital | About UWC | Our Associates
You are not regulated by UWC, you are just an associate to an other Forex broker.

Quote:
- United World Capital is registered as a CIF (Cyprus Investment Firm) under the registration number HE230122 and licensed by CySEC (Cyprus Securities and Exchange Commission) under the license number 093/08 in accordance with new MiFID (Markets in Financial Instruments Directive) – a European Union law which provides a harmonized regulatory regime for investment services across the 27 member states of the European Economic Area.
By being a licensed European Union investment company, United World Capital is a member of the Investor’s Compensation Fund which protects clients assets in the event of a company failure.

You don't mention here LiteForex or Straighthold. Off course not...
I like the United World Capital web site. Easy to check! Which I have not done yet!
UWC — United World Capital | Support | Legal Documents

Let's continue...
All these info is from:
LiteForex.org :: Our Office Locations

Our formal registered office address is:
Straighthold Investment Group
306 Victoria House
Victoria, Mahe, Seychelles

COMMENT:
We have already established that this is the Intershore Consult (Proprietary) Limited address

INTERNATIONAL OFFICES

COMMENT:
All of the "International" Offices are in the formal Soviet Union.

Russia - Moscow Operations Office:
Trend Line, LLC
99, Svobody street, office #13
Moscow
Russian Federation
Phone: +7.499.762.2004

Russia - St. Petersburg Operations Office:
Trend Line LLC
9th Blohina Street, 4th Floor #407
B/C Kronverk, Saint Petersburg
Russian Federation
Phone: +7.812.334.9680

Russia - Kaliningrad Operations Office:
Trend Line LLC
B/C Baltitskiy, 5th Floor #510
B/C Mayskiy, 3rd Floor #306
236006, Kaliningrad
Russian Federation
+7.4012.702.875
+7.4012.702.876

Ukraine - Representative Office:
Saxon Finance Group
17th Glinki Street, 4th Floor
Dnipropetrovs'k, 49000
Ukraine
Phone: +38.056.231.1900

Latvia - Representative Office:
LiteForex.lv
11th Merlela Lela, #322
Riga, LV1050, Latvia
Phone: +371.788.1145

COMMENT:
Almost the same as LITE FX TRADER GROUP

Trend Line LLC? Who are they? The only info I found is:
TrendLine Investment
By no mean, this means that this is the same company. I just did not found any other relevant company.... So, MY APPOLOGIES IF I'M WRONG!!!!!
BTW. an extremely poor FOREX web site. No comment!

Saxon Finance Group? Who are they? No info found and who cares! I think I have already all the info I need to make up my mind

ELECTRONIC SPACE PROVIDERS

Canada - Data Center Location:
Superb Internet Corporation
Suite 1400 - 700 West Pender St
Vancouver, BC, V6C 1G8, Canada
Phone: +1.604.638.2525

COMMENT:
SuperbHosting Coupons and SuperbHosting Reviews - save $24 now Contact SuperbHosting
Quote from web site:
- SuperbHosting Coupons and SuperbHosting Reviews - save $24 now

USA - Data Centers Location:
ServePath, LLC
360 Spear Street, Suite 200
San Francisco, CA 94105, USA
Phone: +1.415.869.7000

COMMENT:
ServePath is the leading provider of custom managed hosting and load-balanced server networks
Quote from web site:
- Multi-Server Experts. 10,000% Guaranteed.

Quote from About our Forex company | LiteForex
LiteForex ensures that Forex traders experience the highest level of performance, reliability and security by taking advantage of professionally managed network operation centers. Unlike many online trading operations, the Forex trading platform used by LiteForex utilizes industry-standard encryption technology to ensure that all communication between our customers and our Forex servers is completely protected and confidential.

Quote from About our Forex company | LiteForex
- SAFETY OF CLIENT FUNDS AND TRANSACTION INTEGRATION
Client funds held by LiteForex are maintained in separate Forex accounts at world recognized financial institutions for the sole purpose of the clients' trading activity and are never combined with the operating capital of the company. Withdrawals from these bank accounts occur only as a direct result of Forex client trading activities or an authorized request for withdrawal.

What bank? Where can I check it? Where is the document where these banks garantees these clients funds?

I have also checked out LiteForex forum. This is a link on the forum for an ad for "College Forced Sex! Drunk Student Date Rape Porn!"
This has been posted Wed Mar 11, 2009. If you don't like porn pictures, don't check it, just take my word for it.
LiteForex.net • View topic - College Forced Sex! Drunk Student Date Rape Porn!
And its still online on Mar 24, 2009

2 weeks. Where is the admin?
May be there is a hidden message, that we are s*****

-> Dmitry
Manny questions and no answers. So, here are some basic questions.
- The name of the CEO and contact information for both Straighthold and LiteForex
- Your financial books online, please, since you are "the most respected online Forex-trading companies"
- The name of the agencies that regulates you as a financial institution? How/where can I double check that?
- The name of the bank or banks that holds the clients fund and guaranties those funds?
- Your full name Dmitry, your education, your employment and information on how you are connected to LiteForex
- Your contact information Dmitry
- Fill in properly your user information Forex Peace Army Forum - View Profile: LF adviser

I think that you are the CEO Dmitry! Prove me wrong!

-> Dmitry
You wrote on liteforex.org (lite-forex.com)
- I am present more than at 40 basic English-speaking forex-forums and is ready to answer under any claim or a question. I am always ready to discuss any possible claim from the client of the company. I also do not recommend to you to trust that information about which you write as there are no clean data about her authenticity.

Could you please give me those addresses so that I can post this article on those sites? Thank you in advanced!

I did not wrote this article as a personal attack against any person or any of the mentioned companies.
They might be ok. I leave it up to you to decide what to do with this information.

So, what is my reason?
I had a broker for a long time. I've been in their office, met the CEO and the traders personally! Everything was just fine!
On their web site they wrote "registered at SEC", "Client funds held by separate Forex accounts at world recognized financial.....never combined with the operating capital of the company..." etc... you get the picture?

And recently, they filed for bankruptcy after 3 years. I guess they had enough clients and funds to do so.
Registered and regulated is NOT the same! Look at Madoff, he was registered but not.....
And my broker clients funds? GONE, And I mean GONE, GONE, GONE, GONE..... The police is still investigating with the SEC and still no trace of any money!
Every client lost their funds.

At this moment I'm looking for an other broker. But this time, I take no prisoners! It's my money! I have actually earned it without any scams!
My final word. LiteForex? No thanks!
Am I rude? Well, It's my money!

I hope that you find this information useful and that I gave you some ideas how and what to check before you decide to give your money away to anyone.
Check and double check everything!

Off course, if Dmitry proves that everything is fine as we expect it, I will open a $1 account. You can take my word for it!

Regards

LF adviser · (#19 (**permalink**))

Hello, imsza.
Has read your message. I was very much surprised with that you have specially registered at a forum to write this message which became the first. Also has paid attention, that the message big - you carefully tried to find exposing material for criticism. However arguing from an item of the sane person your message calls in me irony. Your message big in terms of volume, but empty in respect of a contents. And it seems to me, that you write not on its own behalf, and on behalf of competitors, attending to black public relations. I do not insist on it is this my personal opinion. Was concretely for you claims are not present, you try to manipulate scraps of the information and to refer to any sources.

LF adviser · (#20 (**permalink**))

Quote:

Originally Posted by imsza

First impression is, no physical person is named nor there are any pictures of the employees or the company.
Everything is secret and anonymous.

You are mistaken. My name is Ivanov Dmitry, I am the director for public relations of group of companies LiteForex. You can meet me in Москоскком a subsidiary of a company in any convenient day. Also the company has a network of representations and head office. You can arrive to us on a visit to Cyprus and talk over with the president of group of companies LiteForex.

Quote:

Originally Posted by imsza

On the web site you see a picture of a building and in the background there is the London Stock Exchange
About our Forex company | LiteForex
Gives me the impression that Straighthold Investment Group is in that nice, enormous building, but wait, Straighthold Investment Group has no office in London.

And unless on a site it is written, what the company has an office in London? Your imaginations please keep at itself.

Quote:

Originally Posted by imsza

Straighthold Investment Group, Inc. has no web site. You will be redirected to Forex world | LiteForex
"the most respected" has no web site...

Company Straighthold Investment Group, Inc is at the moment presented by a site www. LiteForex.com, also I can tell that there is a domain straighthold.com which is our property.