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liteforex.org (lite-forex.com) Review

Overall Rating: (2.795)
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Total Reviews: 84
Last Updated: 2010-03-19
Special Notes: Another web site of this company is LiteForex.net

NOTE: September 2008. Several fake 5 star reviews submitted.
October 2008. More fake 5 star reviews submitted.

Caution is recommended dealing with this company.

October 2008. Several fake 1 Star reviews submitted. The FPA requests that certain warring brokers NOT attempt to use our reviews to conduct your attacks on each other. If this continues, there are a number of brokerages where we will wipe ALL reviews placed from specific geographic regions.


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Felix Homogratus, USA

Rating:No Rating
Date of Post:2006-10-16
Review:I do not have any experience with this broker. If you have used them, please kindly submit your review above.

SDC, USA

Rating:
Date of Post:2010-03-13
Review:I Have been live trading with LiteForex for 1 month. So far I have executed over 100 trades.
Signup is easy, and straightforward, after an initial verification process which required replying to an email and receiving a phone text message from them with a verification code, my account was live and ready to trade the same evening . Deposits to the account by credit/debit card appeared instantly in my account balance.
Withdrawls from the account were limited to $300 per day untill they reviewed copies of my id and proof of adress which I scanned and sent them.
2 days later that process was completed and my account was verified and the withdrawl limits removed.
I have a MT4 account, the server is good, so far no downtimes at all, spreads are good, 2 pips EUR/USD 3 pips the rest of the majors. The other crosses have higher spreads as you would expect.
Requotes have been rare, maybe 3 times in over 100 trades.
Overall I am happy with LiteForex the only thing preventing me from whole heartedly recommending them with 5 stars is because I cannot give a review on is withdrawls from the account as I have not yet made enough money to warrant a withdrawl, when I do I will post here with the details. This is not a fake review you can contact me on the www.babypips.com newbie island message forum my username is SDC

other3, Frederick, MD. USA

Rating:
Date of Post:2010-01-17
Review:I have been trading with this broker since I started back in November of '09.

I have not experienced an actions to my account that seemed out of place.

About the broker, I'm satisfied.

Dr. Kujiyat, London

Rating:
Date of Post:2009-12-24
Review:The constant re-quotes and low executions I get from this broker is really killing me..Though I made some bucks..I will update this comment periodically, I kinda owe this forum a great deal..

Nathaniel Otaigbe, Nigeria

Rating:No Rating
Date of Post:2009-11-26
Review:Ok my account has been credited after I alerted them today. It took about 5 days. That's a plus. Nice work.

Nathaniel Otaigbe, Nigeria

Rating:
Date of Post:2009-11-25
Review:There is no central location for price feeds so I wonder why people complain about difference in price between brokers. You won't find two brokers with the same price quotes. I have up to four brokers running on my system and they all have differences in price.

SO FAR I think Liteforex are ok, though I'm beginning to get apprehensive as my last deposit seems to be taking a little longer than expected.

Frequent news update on the website would be nice. Its worrying to find that the latest news is 3 months old.
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Sam, Detroit

Rating:
Date of Post:2009-11-17
Review:Just open a live account with forex.com after trading with my demo account for few weeks, so far everything is going cool , good customer service, low spread pips, good platform . if anyone have a live forex.com account i will be happy to add him as a referal so we both get a $250 bonus referal. please contact me at sam@nwautodealer.com

Kim, Kuala Lumpur, Malaysia

Rating:
Date of Post:2009-11-13
Review:I work with liteforex for a three months. Actually, I like them - the customer support is well, deposit and withdrawal is very fast, dealing - standard. What I like from them, is a LXF indexes available for trading and their new secure site.

Martin, Germany

Rating:
Date of Post:2009-09-24
Review:Mixed feelings after trading with them for some time now. Like others, I notice occasional price shifts compared to other brokers. And I got quite a few requotes, even in rather quiet market conditions (of course only if the price had moved against me... ;-) ). So change that or lower your spreads.

Positive: platform has been stable so far, deposits etc are handled quickly and professionally.

Farhad, Thornhill

Rating:
Date of Post:2009-07-06
Review:I did use their demo. What I noticed was a pips difference on the feeding price all the times. The worse that in GBP/JYP 1 hourly chart there was a huge gap while in others I have not notice this.
I tried to attach the screen shots, but there was no possibility.

2009-07-01 No rating I did download their demo. I noticed that there are all the times a couple pips difference between them and other platform on the same currency. I did experience more than 40 seconds on filling the order and modifying them, if it is NDD and STP it should not happen, and even though I cancel them, it did went through. So I wonder how would be in the real. You can not expect much from the company who issue fake 5 star review.
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