MichelAnge21
Sergeant
- Messages
- 247
Hello Members
We all know that Liteforex are pretty good at PR and marketing.
Unfortunately, newbies are often attracted by clever bonus offers without understanding clearly what are the conditions for withdrawal.
So, I decided to explain in the clearest way possible the LF Boom offer from Liteforex. It s marketed as a free 200 dollars without any requirement to make a deposit with your own funds ( Yeah ! Trading with the broker s money ! How can I lose ? )
First, we go to their website. There is a dart target that get animated if you click on it. You aim your dart for bull s eye. I m very skillful: got it at first shot...Ok, I can now read the conditions....hmmm no, wait...I get conditions 1.1 to 1.5 but it cannot be all there is: lots of info are missing here.
Maybe if I click on " open account " ? Nope...I get the registration page immediately ( Ok, let s assume that 42.75 % of newbies will register now WITHOUT reading the FULL conditions ).
Back to the main page...here ! among the " news release " there is the LF Boom offer and ( a few more clicks from there ) I found the full TOS. But...WTF with article 1.12 ????
1.12 THE PROFIT GAINED WHILE USING THE BONUS LF BOOM IS NOT AVAILABLE FOR WITHDRAWAL, BUT IS TAKEN INTO CONSIDERATION WHILE BONUS MONETIZATION.
Newbies...do you need more explanation ? You get a FREE 200 bucks. Let s suppose you are a VERY good trader ( or a very lucky newbie ) and you build that Boom account to 20 000 dollars ( or 2 millions if you use Henry Liu s program ). Then Liteforex will generously allow you to withdraw the 200 dollars bonus ( Yeah ! I worked 300 hours trading but I made 200 bucks without risking my own money ! YEAH ! )
AND LITEFOREX WILL PUT IN THEIR OWN POCKET THE 19 800 DOLLARS OF PROFIT YOU MADE FOR THEM LIKE A GOOD SUCKER.
At worse, Liteforex stands to lose 200 dollars that they allocated you for trading and potential for profit is pretty good. THEIR PROFIT: NOT YOURS !
We all know that Liteforex are pretty good at PR and marketing.
Unfortunately, newbies are often attracted by clever bonus offers without understanding clearly what are the conditions for withdrawal.
So, I decided to explain in the clearest way possible the LF Boom offer from Liteforex. It s marketed as a free 200 dollars without any requirement to make a deposit with your own funds ( Yeah ! Trading with the broker s money ! How can I lose ? )
First, we go to their website. There is a dart target that get animated if you click on it. You aim your dart for bull s eye. I m very skillful: got it at first shot...Ok, I can now read the conditions....hmmm no, wait...I get conditions 1.1 to 1.5 but it cannot be all there is: lots of info are missing here.
Maybe if I click on " open account " ? Nope...I get the registration page immediately ( Ok, let s assume that 42.75 % of newbies will register now WITHOUT reading the FULL conditions ).
Back to the main page...here ! among the " news release " there is the LF Boom offer and ( a few more clicks from there ) I found the full TOS. But...WTF with article 1.12 ????
1.12 THE PROFIT GAINED WHILE USING THE BONUS LF BOOM IS NOT AVAILABLE FOR WITHDRAWAL, BUT IS TAKEN INTO CONSIDERATION WHILE BONUS MONETIZATION.
Newbies...do you need more explanation ? You get a FREE 200 bucks. Let s suppose you are a VERY good trader ( or a very lucky newbie ) and you build that Boom account to 20 000 dollars ( or 2 millions if you use Henry Liu s program ). Then Liteforex will generously allow you to withdraw the 200 dollars bonus ( Yeah ! I worked 300 hours trading but I made 200 bucks without risking my own money ! YEAH ! )
AND LITEFOREX WILL PUT IN THEIR OWN POCKET THE 19 800 DOLLARS OF PROFIT YOU MADE FOR THEM LIKE A GOOD SUCKER.
At worse, Liteforex stands to lose 200 dollars that they allocated you for trading and potential for profit is pretty good. THEIR PROFIT: NOT YOURS !