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What is LiteForex Scam????

Discussion in 'Scam Alerts' started by arbithoven, May 26, 2010.

  1. arbithoven

    arbithoven Private

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    Dear All Trader,

    Is there any body using LiteForex broker? How about experience with LiteForex?
    the first, I good use LiteForex, fast execution, very few requote, But how if your profit increase big?
    Very many requote, very slow execution. When my profit increase become more 3500%, they are not fair, disturb my account to be very difficult to entry or close my potition.

    Any body here using LiteForex??? Please share your experience.

    Thank you,
     

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  2. Pharaoh

    Pharaoh Colonel

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    If you've made a pile of profits, first, withdraw some of your money.

    Once you've got your initial deposit and some profits back, then ask their tech support about the requote problems. Sometimes a broker can fix this. Sometimes a broker is doing this deliberately. If they can't fix it, withdraw the rest of your cash and find a new broker.
     
  3. arbithoven

    arbithoven Private

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    I have contacted the support, but the answers are not satisfactory for me. Their server very slow to now. Request order until more 2 MINUTES, not again in SECOND.
    I have screen shot about always requotes from this platform. I request order at other broker no problem. But Why with LiteForex???
     

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  4. arbithoven

    arbithoven Private

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    Any body here using LiteForex Broker? Please sharing your experience. Thanks.
     
  5. Ahmed.Mosry

    Ahmed.Mosry Private

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    Lite forex = UWC


    Lite forex were one of the first broker to offer the micro lots to clients. However what amuses me is that Lite forex are the same owners of UWC. Lite forex does the dirty cleaning job and make sures it accomplish its mission pretty well :D and UWC is the nice descent broker with a respectful image and make all clients happy and sends all its clients nice gifts.:D
     
  6. szendro

    szendro Private, 1st Class

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    Agree with Arbihoven

    I Had exactly the same experience with LiteForex; I made a good profit trading minilots and decided to step up number of lots to improve profit. Nothing big, just 0.5 - 1 lot. Miraculously I started to get many many requotes. At one time I got 15 consecutive requotes even thoughy the market was not moving and no news releases. What more proof do you need. It's OK to trade with this broker as long as you do not make a profit!!!
     
  7. arbithoven

    arbithoven Private

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    Right, I making profit and difficult close. They are make my account low execution.

    Attention :
    Ahmed.Mosry Ahmed.Mosry is offline
    Recruit

    Posts: 11
    Join Date: May 2010

    User ID above is human from LiteForex.
    I also suspect that some users like the new one here :

    --------------------------------------
    zaree12 zaree12 is offline
    Recruit

    Posts: 26
    Join Date: May 2010
    --------------------------------------
    lanlanlan12 lanlanlan12 is offline
    LiteForex Representative

    Posts: 16
    Join Date: May 2010
    ---------------------------------------
    pakistani_m1 pakistani_m1 is offline
    Recruit

    Posts: 7
    Join Date: May 2010
    ---------------------------------------
    they create a new user and give a false review about it on the thread:
    http://www.forexpeacearmy.com/forex-forum/forex-brokers/3131-liteforex-org-29.html
     
  8. arbithoven

    arbithoven Private

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    LiteForex more crazy... Execution more 2 minutes and and my order is not just in price order. PLEASE SEE IT...
     

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  9. arbithoven

    arbithoven Private

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    Today more crazy... I can`t doing trade at my account liteforex!!!

    2010.06.10 12:20:06 '179808': order buy stop 3.00 GBPUSD opening at 1.4603 sl: 0.0000 tp: 0.0000 failed [Off quotes]
    2010.06.10 12:20:04 '179808': request in process
    2010.06.10 12:20:04 '179808': request was accepted by server
    2010.06.10 12:20:03 '179808': pending order buy stop 3.00 GBPUSD at 1.4603 sl: 0.0000 tp: 0.0000
    2010.06.10 12:20:01 '179808': order buy stop 3.00 GBPUSD opening at 1.4603 sl: 0.0000 tp: 0.0000 failed [Off quotes]
    2010.06.10 12:20:00 '179808': request in process
    2010.06.10 12:19:59 '179808': request was accepted by server
    2010.06.10 12:19:58 '179808': pending order buy stop 3.00 GBPUSD at 1.4603 sl: 0.0000 tp: 0.0000
    2010.06.10 12:19:56 '179808': order buy stop 3.00 GBPUSD opening at 1.4603 sl: 0.0000 tp: 0.0000 failed [Off quotes]
    2010.06.10 12:19:29 '179808': request in process
    2010.06.10 12:19:28 '179808': request was accepted by server
    2010.06.10 12:19:27 '179808': pending order buy stop 3.00 GBPUSD at 1.4603 sl: 0.0000 tp: 0.0000
    2010.06.10 12:19:21 '179808': order buy stop 3.00 GBPUSD opening at 1.4603 sl: 0.0000 tp: 0.0000 failed [Off quotes]
    2010.06.10 12:18:51 '179808': request in process
    2010.06.10 12:18:51 '179808': request was accepted by server
    2010.06.10 12:18:50 '179808': pending order buy stop 3.00 GBPUSD at 1.4603 sl: 0.0000 tp: 0.0000
    2010.06.10 12:18:48 '179808': order buy stop 3.00 GBPUSD opening at 1.4603 sl: 0.0000 tp: 0.0000 failed [Off quotes]
    2010.06.10 12:18:44 '179808': request in process
    2010.06.10 12:18:44 '179808': request was accepted by server
    2010.06.10 12:18:43 '179808': pending order buy stop 3.00 GBPUSD at 1.4603 sl: 0.0000 tp: 0.0000
    2010.06.10 12:17:31 '179808': order buy stop 3.00 GBPUSD opening at 1.4603 sl: 0.0000 tp: 1.4770 failed [Off quotes]
    2010.06.10 12:17:28 '179808': request in process
    2010.06.10 12:17:27 '179808': request was accepted by server
    2010.06.10 12:17:27 '179808': pending order buy stop 3.00 GBPUSD at 1.4603 sl: 0.0000 tp: 1.4770
    2010.06.10 12:17:22 '179808': order buy stop 3.00 GBPUSD opening at 1.4603 sl: 0.0000 tp: 1.4770 failed [Off quotes]
    2010.06.10 12:17:18 '179808': request in process
    2010.06.10 12:17:17 '179808': request was accepted by server
    2010.06.10 12:17:17 '179808': pending order buy stop 3.00 GBPUSD at 1.4603 sl: 0.0000 tp: 1.4770
    2010.06.10 10:53:25 '179808': login
    2010.06.10 10:53:19 '179808': login
     

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  10. wedus

    wedus Recruit

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    I have never experienced trading problems in liteforex since 2007. They are a fair broker. Maybe you can contact customer service to the problem liteforex
     

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