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LiteForex.com (.org) Review Visit site

Updated: Mar 16, 2020
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2.446 · 194 REVIEWS
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Forex Brokers, Crypto
CFD - Contract for Difference, MetaTrader 4, MetaTrader 5
October 4, 2017:  The FPA Scam Finding against LiteForex dated September 17, 2013 has been lifted.  Two of the four traders involved have received their funds.  The FPA has seen evidence that the funds of the other two have been moved to their trading accounts.  All other terms to lift the scam finding have been met.  The FPA considers this issue to have been resolved.

We thank the CEO of LiteForex for her efforts in fixing these problems.
Rajivxxx and Ala Sadeq, please use the Contact Us link.  We believe your money is waiting for you in your trading accounts.

Other websites of this company include LiteForex.org

About LiteForex.com (.org)

LiteForex is a forex broker. Lite Forex offers the MT4 and MT5 forex trading top platform. LiteForex.com offers over 50 forex currency pairs, cfds, stocks indexes, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

LiteForex.com (.org)

Broker Details

Minimum Trade Size:0.01
Maximum Leverage:500:1
Minimum to Open Live:$50
Established:2005
Address:Ajeltake Road, Ajeltake Island, Majuro, MH96960, Marshall Islands
Contact:clients@liteforex.com, 88007072963
Regional offices:
Regulators:
Prohibited countries:
Trading platforms:MT4, MT5
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies:(50+)
Cryptocurrencies:(15+) Bitcoin, Litecoin, Ethereum
CFD:(50+) Gold, Silver, Stocks, Stock Indexes, Oil
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
Deposit Methods:Bank Wire, VISA, MasterCard, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ether/Ethereum, Litecoin, Local Bank Deposits, Monero, Neteller, PerfectMoney, Qiwi, Skrill, Yandex Money
Withdrawal Methods:Bank Wire, VISA, MasterCard, Bitcoin, Bitcoin Cash, Bitcoin Gold, Ether/Ethereum, Litecoin, Local Bank Deposits, Monero, Neteller, PerfectMoney, Qiwi, Skrill, Yandex Money

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LiteForex.com (.org) profile provided by Sebastian Żurawski, Jul 24, 2017

The right place for trading: an exceptional experience on Forex market with LiteForex

The LiteForex brand was created in July 2005 with the aim of making traders’ work in the Forex market transparent and accessible wherever in the world. We were the first to introduce cent accounts with a minimal deposit of as little as 1 USD. This unprecedented step made Forex available to hundreds of thousands of clients and changed the history of the Forex market's development.

Now the LiteForex brand brings together two companies, Liteforex (Europe) Ltd (ex. Mayzus Investment Company Ltd) (CySEC) and LiteForex Investments Limited (Marshall Islands), which provide service to traders, partners, and institutional clients in more than 200 countries. Our goal today is to ensure the highest quality of service and enlarge regularly the range of our tools and products, keeping pace with the latest technologies and using our rich professional experience.

LiteForex Investments Limited registered in the Marshall Islands (registration number 63888) and regulated in accordance with Marshall Islands Business Corporation Act. The Company’s address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

Liteforex (Europe) Ltd (ex. Mayzus Investment Company Ltd) is registered as a Cyprus Investment Firm, authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) and acts in accordance with the Markets in Financial Instruments Directive (MiFID). Liteforex (ex. Mayzus) is a member of the Investor Compensation Fund, which guarantees that all of its clients’ funds are secured and insured (up to 20,000 EUR). Liteforex (ex. Mayzus) is registered in accordance with the requirements of the following countries’ regulatory bodies.

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2.446 · 194 REVIEWS
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Consumer Reviews

ammipullei,
KL, Malaysia,
Mar 13, 2020,
Registered user

VERY BAD CUSTOMER SOLUTION

Service use: Live

Length of use: 0-3 Months

No first contact resolution and very limited choices to withdraw...We can only use the option used when we deposited the money? this is ridiculous....The worst part, it takes ages for the customer service channel to respond to our enquiry via live chat and email...Email should be responded within one to three working days for Financial indusrty...it has been two days since I sent an email and no respond at all. I have an account with Roboforex, Windsor and Pepperstone...No issue pertaining limited options to withdraw. Plus the commission for ECN account is way too high compared to other brokers..Also very quick first come resolution provided by the brokers..Liteforex service sucks...
 
Reply by LiteForex Official submitted Mar 16, 2020:
Dear ammipullei,

Send your account number please. We will check all information which you are talking about.

Best regards,
representative of LiteForex Investments Limited
Chris Roubis,
Sydney, Australia,
Mar 9, 2020,
Registered user

Liteforex stole MT4 account money, then claiming it was a Stop Out.

Service use: Live

Length of use: over 1 Year

Liteforex stole MT4 account money, then claiming it was a Stop Out.
I keep asking finance@liteforex.com and trading@liteforex.com to show me the stop out... but they cannot backup their claim.
I have screenshots and logs of no stop outs.. and no loss trades.
Then Liteforex replied back to show them disputable trade.. I said there was no disputable trade.. money from account just disappeared.
You cannot win with these crooks. They try every excuse in the book, without any proof on their side.
 
ravi,
india, India,
Feb 6, 2020,
Guest

liteforex excellent broker

Service use: Live

Length of use: over 1 Year

liteforex service is very fast no issue last 1 year
spread almost 0 no issue deposit and withdrawal
 
Tran manh linh,
Ha noi, Viet Nam,
Jan 14, 2020,
Registered user

Bonus 100% free swap 6 month with 5000usd problem

Service use: Live

Length of use: 0-3 Months

Dear all traders and brokers,
I am a vietnamese with normal income sharing with my wife and 2 sons. I opened my account 5k usd only 1 month ago with bonus program 100% and 6 month free swap. I was so glad with their transfering money system, their future in vietnam market, their support is quite good in the first 2-3 week. My balance may be negative over than my 5k usd and i belived that my account may be nagative not more than 10k(5k dep and 5k bonus). However, this week( exactly yesterday 14/01/2020), they themself closed all my trades with negative over than my credit. I didnt know why they change their promotion without any email, without and information via their website. Is that fair? My friends (2-3 ones) also had problem like that at the same time! My mt4: 414388 passview abcd12345. I know liteforex is pumping more and more money into vietnam to build its image, brand, offices, strategy with a long run! What about legal and illegal? Remember its illegal in our country and 100% sure that you guys from liteforex dont want medias and newspaper and social network know what you are doing bad things with me and my friends. Only one post on facebook, only a report to police and local authorities, you guys from liteforex will blow everything away and may be arrested yourselves. Please let some one to be in charged contact me before everything goes too far!
I couldnt contact your support system so i must write here.
 
Reply by LiteForex Official submitted Jan 17, 2020:
Dear Tran manh linh,
We checked your case and see that your bonus 100 % is non-losable. So the loss can not over the balance.
The Vietnam team also explained so much this for you before.

The 13th paragraph of the bonus rules says:
The Credit Stop Out is applicable to the accounts credited with bonus funds

If the margin requirement to maintain open positions is less than the amount of bonus funds, the Stop Out will occur as soon as the equity level reduces to the margin requirement level.

If the margin requirement to maintain open positions is higher than or equal to the sum of bonus funds, the Stop Out will occur as soon as the equity level reaches the level of bonus funds, or as soon as the Margin Level reaches the value of 20%

The current state of account is controlled by the server that generates an order to close positions compulsorily in case the Credit Stop Out occurs. The Credit Stop Out is executed at the current market price on the basis of first come, first served.

Best regards,
representative of LiteForex Investments Limited
Shahrul,
Johor, Malaysia,
Dec 1, 2019,
Guest

Best Broker in Malaysia

Service use: Live

Length of use: over 1 Year

I've been using this broker for over 1 year and no problem with deposit and withdraw, Liteforex management team in Malaysia is very helpful.
 
Tembu,
Nairobi, Kenya,
Nov 27, 2019,
Registered user

SCAM SCAM SCAM

Service use: Live

Length of use: 0-3 Months

This is the worse broker ever. Their ECN accounts are a scam, spreads increase up to 50+pips from 11 pm to midnight. During high impact news and volatility, the slippage is abnormally huge. Stay away from this broker
 
Reply by LiteForex Official submitted Dec 12, 2019:
Dear Tembu,

There is reason to believe that you are not our client. The information you provide is looks like fiction. Please provide detailed information on your feedback and we will pay attention to this issue.

Best regards,
representative of LiteForex Investments Limited
Kashaf,
Karachi, Pakistan,
Oct 18, 2019,
Registered user

Account unblocked

Service use: Live

Length of use: 0-3 Months

My account has been unblocked and I received my all withdrawal funds.

Thanks Liteforex

Oct 12, 2019 - 3 Stars I made good profits due to GBP and EURO high volatility, but liteforex trading dept. removed my profits and account.

They said in email , order open on non market orders.

IF this problem happen, this is client issue ?

I sent email for return all my earned money to my skrill. and waiting for reply. as soon as i get response i will post my review.

With my Total account balance around $1198.

Account : 26321 5018393

Reply by LiteForex Official submitted Oct 14, 2019 Dear Kashaf,



Our specialists will check your account in shortest time.

You can contact us by sending email as well trading@liteforex.com



Best regards,

representative of LiteForex
 
royce90,
Malaysia, Malaysia,
Jul 19, 2019,
Registered user

Scam

Service use: Live

Length of use: 6-12 Months

I made a withdrawal request and they say it will take 1-5 days. Now, it is over 5 days and I still not receive my money. This totally scam.
 
Reply by LiteForex Official submitted Jul 23, 2019:
Dear royce90,

We checked account number XXXX-XXXX-XXXX which you specified in hidden information of your feedback. All withdrawal requests which you made were completed. Check your account please. Is everything good now?

Best regards,
representative of LiteForex
Samuel,
Nairobi, Kenya,
Jul 12, 2019,
Guest

BIG BIG BIG SCAM

Service use: Live

Length of use: 0-3 Months

It is unbelievable that LiteForex asked me to upload the back of my card if I needed to be paid. I was concerned that could be like giving them a free pass to my money. I was desperate to get my money, and finally I provided the back of my card with the CVV displayed for them. After that, they started asking for more and more 'verifications' and I realized they only wanted to frustrate my efforts so I give up the money. Support keeps playing tough when asking for documents making it look like that would be the last detail they need to get back my money. However, the truth is, after that one, they will asked for another, and when I provide everything, still I won't get the money. After noting that they were witch-hunting for reasons not to pay me, I thanked God I had deposited only a few hundred dollars with them. Just beware. This is a BIG BIG BIG SCAM don't deposit unless you want to engage in charity.
 
Reply by LiteForex Official submitted Jul 16, 2019:
Dear Samuel,

Could you please provide screenshot of conversation with our support? We never asked to provide CVV code. It's impossible. LiteForex is trusted broker. Stop publish false information please.

Best regards,
representative of LiteForex
beercules,
Manila, Philippines,
Jun 17, 2019,
Registered user

SCAM

Service use: Live

Length of use: over 1 Year

It has been more than 1 year since LiteFx froze and disabled my account when I requested to withdraw all my funds. I have already submitted all the required documents they asked from me. I’ve been diligently following up about the status of my account but they refuse to give me specific details and just send me generic responses.

Account Number: MT4-ECN 404856

More. Community discussion of this issue >>

 
Reply by LiteForex Official submitted Jun 20, 2019:
Dear beercules,

Your request is in process. Please continue communication with our team through the email amlpolicy@liteforex.com

Best regards,
representative of LiteForex
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