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Liteforex scam

Discussion in 'Scam Alerts' started by siau chi ong, Aug 17, 2012.

  1. siau chi ong

    siau chi ong Recruit

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    After a month no reply from Liteforex, now they made an very bad excuses why they took away my deposit+profit just because THEY NEED TO COMPENSATE THE NEGATIVE BALANCE on my another account. I never have to compensate negative balance for other company!Liteforex!you just want to scam people money!

    "Hello. The Company had to compensate the losses of counterparty on your accounts from its own funds, because you used the bonus provided by the company to maintain the margin while the balance was negative. Hence the company had suffered the losses of 64 980 cents (MT4-L-874807). You must compensate the company with the losses inflicted by your actions. For such purpose the company had made a compensation of negative balance of your trading accounts by reducing the balance of trading account MT4-L-874548 according to clause 6.5 of "Agreement of quoting system and transactions procedure". Your account MT4-L-874548 is unblocked.

    Best regards,
    LiteForex Anti-money laundering department. "

    FSA:how's the court case?
     
  2. Pharaoh

    Pharaoh Colonel

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    If you have 2 accounts and somehow go negative with one, theoretically withdrawals from the other could be blocked.

    That being said, I was under the impression that it was ok to lose a bonus while trading. Otherwise, what possible purpose does it serve?
     
  3. Lilik

    Lilik Private

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    i was got same problem...

    i have 2 acc in one profile, let say acc A and acc B

    1st problem
    Acc A
    they cancel my profit, because it is illegal profit...but they cannot give me some proof if my profit is illegal...
    okay its fine...

    2nd problem
    Acc B
    i want to WD all my fund it this acc, at 19-09-2012 i was send WD request...
    but until now i'm not get my money, than i ask it to live chat
    they said "haven't information about that account and withdrawal request" WHATTT??????????? :confused:
    so...i check into cabinet....and.... my acc B is DISSAPEAR
    and i'm not get my money to...


    please...if my profit is illegal...give me some proof...dont just stole my money like that...


    sorry with my english
     
  4. BigT1

    BigT1 Sergeant Major

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    Please do not apologize for your English.
    You can always post in both English and also in your native language, so we can all translate ourselves.
    This can help all of us, because some readers have to translate a second time, which can make it even worse.

    Please follow my previous posts on this thread, flatten your accounts, cease trading, demand a withdrawal, and file a complaint with their regulator: RAFMM; your only hope.
    Anthony Ingrassia, CTA
    NFA ID#: 0278164
     
  5. Lilik

    Lilik Private

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    okay i'll try it...thank you sir :)
     
  6. BigT1

    BigT1 Sergeant Major

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    Hello Lilik,
    This firm has had many complaints.
    We hope you receive your funds back into your personal bank accounts quickly.
    Please keep us informed; and if you feel the need, contact me personally.
    AI
     
  7. Lilik

    Lilik Private

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    i hope can get my money back too...

    thank you for your help sir :)
     
  8. BigT1

    BigT1 Sergeant Major

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    I am not "sir" for you; just fellow traveler in the world of forex.
    We are here to help if we can.
    Do not discourage completely, because of your unfortunate choice of firms.
    There really are some honest firms and money managers out here that try hard to help clients achieve their goals.
    But first, you need to recover and heal your wounds.
    Anthony Ingrassia, CTA
     
  9. Lilik

    Lilik Private

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    Liteforex blocked my account....again...
    i got this e-mail

    Hello.
    Your 875662 account is blocked again. Our specialists are now checking your profile. We'll inform you regarding to results of investigation.

    but... at 17-09-2012 they was done check my profile n unblocked my account

    Hello. The Security Department of LiteForex has completed the checking on your accounts. Due to the result of the revision by the security and risk management departments of the Liteforex Group of Companies there were found significant violations of the Reglament of the Company, on your accounts were found fraudulent transactions to get the illegal profit in the bonus programm. Illegal profit was cancelled. Your accounts are unblocked. The initial deposit is available for withdrawal or further trade.

    it mean my account blocked and checked twice...

    1st, after made WD req in my account #874622
    2nd, after made WD req in my account #875662

    they say my profit is illegal...
    but i feel......i trading like usually, never open opposite order between my account...

    and i just want need a proof from liteforex...
    where is my illegal order, and make my profit canceled...

    T_T
     
  10. BigT1

    BigT1 Sergeant Major

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    Lilik,
    Please, please, please, get your money out of this firm any way you can; and as soon as possible.
    You are playing with fire. Fight over lost profits later; get all you can now, and be grateful if you get anything out at all.
    AI
     

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