Liteforex is indeed a big scam!!!
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!!!
I totally agree. All I can say is please beware. Stay well clear of these guys.
Endless reqoutes that kill any trade or profit you could possibly make. Strange messages like Off quotes (How can a stop or limit order be off quote?), Invalid S/L or T/P (Of course because the execution of the order is soooooo excruciating slow), Trader desk busy (Are you kidding me!!!).
Trades take minutes to executed. The strange thing is that if you cancel a trade they do not get cancelled if it is good for you but bad for them. If the refers is true and you want to cancel an order, be it sell or buy, and it is bad for you but to their advantage you do not even get a change to change your mind. The execution is instantaneous.
Limit and stop orders are often not executed even if there is enough money on your account.
All that waiting means you can not trade and make money.
Open trades get closed for no apparent reason. When I asked what had happened they even could prove the close order came from my computer. I know for a fact I never closed those trades. Scary stuff that. And of course I would have made money on those trades.
Deposits through my credit card were not instantaneous so again I lost out on a great opportunity. That can not be coincidence.
Not pleased at all. Their customers service may be very friendly but keeps referring you to other departments.
Basically they make money by wasting your time so you can not make profitable trades.