LiteFinance (ex. LiteForex) review: Platforms, Trading Instruments and Broker Ratings.

2.278 • 222 REVIEWS
Updated: Mar 10, 2024
LiteFinance.org

What is LiteFinance (ex. LiteForex)?

LiteFinance, formerly LiteForex, is a forex broker founded in 2005 with a EU branch in Cyprus.

Lite Finance (ex. Lite Forex) offers platforms available in MetaTrader 4 (MT4), MetaTrader 5 (MT5) and LiteFinance proprietary mobile apps.

LiteFinance.org (ex. LiteForex.com and LiteFinance.com) offers over 250 financial instruments on markets such as:

  • Forex currency pairs,
  • CFD stocks,
  • Stocks indexes,
  • Metals,
  • Oil
  • Cryptocurrencies etc.

Please read LiteFinance Reviews (i.e. LiteForex Reviews) below and share your live trading experiences with this broker.

July-November 2021:  An extremely large number of fake positive reviews have been submitted for LiteForex.
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.eu, LiteForex.org, LiteForex.com, LiteFinance.com.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $50
Established: 2005
Address: First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent And Grenadines
Contact: clients@litefinance.com, +447520644437
Regional offices:
Regulators:
Prohibited countries: Show all >>
Trading platforms: MT4, MT5, MobileTrader (MobileApp)
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (55+)
Cryptocurrencies: (65+) Bitcoin, Litecoin, Ethereum
CFD: (135+) Gold, Silver, Stocks, Stock Indexes, Oil

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Copy Trading: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple (XRP), WebMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple (XRP), WebMoney
* Please check broker website for more information
2.278 • 222 REVIEWS

Recent User Reviews of LiteFinance (ex. LiteForex)

R
realman
thailand, Thailand,
Mar 6, 2024,
Registered user

Still owes me about 500$

Service use: Live Length of use: over 1 Year
Dear all dear customers. Let me say that I trade forex. Experience of not less than 10 years, Litefinance. In fact, this name has just been changed. Because the old name couldn't be sold. They cheated on me and made me unable to access the account in any way. In conclusion, it's closed. Everyone, don't trust Lite finance at all. I confirm that until now they haven't returned the money to me, about 500$. If you charge interest, it's probably the same amount.  Don't believe them.
R
Reply by LiteForex Official submitted Mar 7, 2024:
Dear realman,

Can you please provide your account number? We need to check all the information you are talking about.

Best regards,
LiteFinance representative
J
Jenniferflair
Lagos, Nigeria,
Dec 31, 2023,
Registered user

Lite finance won't let me withdraw

Service use: Live Length of use: 0-3 Months
Litefinance took my 100 usdt
They told me to deposit 100usdt to get 200usdt
After doing that, I wasn’t told I would deposit 200usdt again and if I don’t I won’t be able to withdraw my 100usdt I paid.
1 trader has found this review helpful
J
Reply by LiteForex Official submitted Jan 8, 2024:
Dear Jenniferflair,

We never do such actions. Please specify which site you visited to send money.
You may have stumbled upon scammers. Be careful please.

Best regards,
LiteFinance representative
J
jsmith07611
united kingdom, United Kingdom,
Jul 18, 2023,
Registered user

LiteFinance deleted all profits and losses from my crypto trades!

Service use: Live Length of use: 0-3 Months
Lite Finance deleted all and losses from my crypto trades! and removed around $5600 from my account and left me with a zero balance. (my history now shows zero profit and zero loss from all those trades so i can't tell exactly how much was removed) but left my account with zero balance.
Lite finance wrote to me the following "All deals made by SUNUSD instrument were nullified due to Server malfunctions. There was no such prices on Liquidity Provider side and deals were opened/closed by Non-market quote. Now the issue was solved and you can continue trading by SUNUSD without any restrictions."

But this is simply untrue as i have provided to LItefinance the charts from binance and the historical trade data at binance which clearly shows there was no server error and these prices did exist.

I have writted to litefinance with no reply and resolution.
If i recieve a positive resolution i am happy to update this review.
My real name is obviously not on here for obvious reasons but my live account number is 6129749
1 trader has found this review helpful
J
jorgefx111
spain, Spain,
Jun 27, 2023,
Registered user

Service use: Live Length of use: over 1 Year
I strongly recommend you, DO NOT invest your money in this broker. I have a dilated experience and I Know how they stole money from ingenious people. Some years ago I was a victim, I never recovered my money. One day when I was earning some money, they invented without proofs obviously that I was making arbitrage with other account from other broker... they always proceed in the same way to remove all your money.


Dear sir,

The Security Department of the LiteForex company has found significant violations of the Agreement on quoting system and transactions procedure. We have grounds to believe that you get a risk-free profits by the hedging of swap-free positions in LiteForex with another broker. The company has suffered the losses because it has been forced to pay swap to counteragent from its own funds. According to clause 2.10.5. "The Company has the right to change the Islamic Account category into account category subject to swaps charge and to charge swaps for carrying over transactions if the Client violates this service provision conditions. Islamic Accounts are provided exclusively in order to avoid breaking religious canons".

Hence the swap correction was made on your account MT4-F-154061. We are ready to provide you with swap calculations upon your request.

Dec 1, 2018 - 1 Star my account was A/C No: 154061 ( now MT4-ECN-534464) you got 5300 euros allegating false and undemostrable and unfunded accusations, then you closed the account and reopen with other number always at your convenience. i have all registered.
Some people ( potential investors ) ask me for proofs, and i always show them ans i have at least the satisfaction that you will lose clients ( potential victims. If you want send me an email and i will show all this without problems because i,m moraly legitimated for it. Take note that finantial crimes ( clear like you do ) do not have prescription. i will fight against you all my life until you make a restitution and make an apoilogize

Nov 28, 2018 - 1 Star They usually use false acusations to get your money. They use always an excuse that you did hedging with other brokers, witout proofs obviously . their strategy is to knock your account when you are a winner and you want to withdraw your earnings.
they use a generic escuse for not to return your funds , they always tell you that have problems with bank transfers etc... i have all documents that proofs that please do not invest with them i can show you this proofs because you do not become a victim

Reply by LiteForex Official submitted Nov 30, 2018 Dear jorgefx111,

Can you tell your account number? We would like to know that you are really client of our company. We will check all information which you are talking about. At this moment we can see unfounded accusations only.

Best regards,
representative of LiteForex Investments Limited
3 traders have found this review helpful
I
istakahamed
bangladesh, Bangladesh,
Mar 16, 2023,
Registered user

DON'T deposit with LiteFinance. Try another broker.

Service use: Live Length of use: 0-3 Months
I was trading for like 7 days when they saw I made some money. They took all my money and basically washed away my account.
for the first time I deposited 100usd then lost all my money by trading.

the 2nd time I deposited 100usd then made 47 usd profit. After I made some money I thought i'm gonna withdraw 47 usd. Then after waiting several hours I checked back my account and it's a surprise. $$$ all gone. They took every penny bcz they think I made some in their company by doing my first trading. I'm thinking im gonna contact CYSEC their regulator and take action about this matter the way they washed my account is all assumption. There was no violation of any Client Agreement or anything. They mailed me this below:

"Be informed that a part of a trading result which was earned by use of bonus funds shall be cancelled. An insufficient trading activity in the account, such as execution of a single high-volume trade or several trades of lower volume conducted at the same rate and at nearly the same time, which represents a subdivision of a big trade into smaller ones, may serve as the reason for revising the results. As a rule, there is no sufficient trading history in such accounts. In case of detecting such trades, the Company may cancel the bonus at any time and without preliminary notice."

It's a lot of fun when you take away other people's money isn't it?
1 trader has found this review helpful
I
Reply by LiteForex Official submitted Mar 17, 2023:
Dear istakahamed,

Please contact our trading department for getting more details about your situation.

Best regards,
LiteFinance representative
R
rezamatin
kabul, Afghanistan,
Jan 5, 2023,
Registered user

litefinance deducted all my funds when I made profits

Service use: Live Length of use: over 1 Year
litefinance have deducted my all funds when i made profits. they are not responding by email or live chat.
1 trader has found this review helpful
P
paymanz
tehran, Iran, Islamic Republic of,
Feb 21, 2022,
Registered user

very high commissions , not great spreads

Service use: Demo Length of use: 0-3 Months
it is highest commissions i ever saw , 10$ per lot for majors and 20$ per lot for minors!!!! wow and spreads are no even that good. there are so many brokers providing much tighter spreads with half or less commissions.
1 trader has found this review helpful
E
Ependyo
Morocco, Morocco,
Jan 8, 2022,
Registered user

All is down!

Service use: Live Length of use: 3-6 Months
Website is down for one week so we can't withdraw our money? what happened?

Dec 7, 2021 - 5 Stars All is fine now and my problem was solved. thanks to LiteFinance representative. I wanted to remove my preview 'bad' review but I can't. I hope moderators help with this.

FPA Review Moderation Team Note: The FPA has a policy of "Resolved, not Removed" for many reasons.  One reason is...

Knowing if a company resolves problems or not is very important information to potential clients.


Dec 5, 2021 - 1 Star I made a deposit through ETH (it was all my savings) I waited for 2 days and nothing show up on my account. I'm sure I have sent to the right address and transaction hash is available and confirmed by the support. Still, the support says OK we find out the problem and we will solve it for you by tomorrow morning. OK I wait, then I contacted the support again in the morning, the support said we understand the problem and this will take up to one month to find your deposit and solve the problem. Now I'm asking you, is this a scam or should I wait for one month, even if I'm sure there is no problem that needs one month to be solved. please help me recover my funds from this broker (I think it's a scam)
A
Arslan
Kalyani, Pakistan,
Jan 4, 2022,
Guest

Server down intermittently after new year

Service use: Live Length of use: over 1 Year
What is happening to your company?? Website is disabled. No account is being logged in. All servers down. No response on Facebook.
A
Reply by LiteForex Official submitted Jan 7, 2022:
Dear Arslan,

We had some problems with our servers. At this moment trading servers restored, site will be restored soon. If you have questions about your trading positions contact our trading department please trading@litefinance.com

Best regards,
representative of LiteFinance (ex.LiteForex)
D
danney5215
Taiwan, Taiwan, China,
Oct 13, 2021,
Registered user

biggest scam in FOREX market!! Liteforex 630000 USD SCAMMED!!!

Service use: Live
biggest scam in FOREX market!! Liteforex 630000 USD SCAMMED!!!
I made the first deposit of 50000USD on 23rd March, and then I found that the transaction conditions were not good, so I decided to withdraw the money immediately. Then I received a call from the LITEFOREX sales manager and he asked how I could continue to trade with them. They offered 70% rebate and swap free trading accounts, so I started trading. At first I lost, then I continue to deposit 50000 USD on 19th April and another 50000 USD on 27th April, a total of 150000 dollars. After that, I started to make profit by predicting the market direction correctly. So I began to make some withdrawals: 20000 USD on 4th May, 30000 USD on 9th May, and 50000 USD on 14th May. All of these withdrawals were successful, but after that all the withdrawals were rejected. From 21st May, they said they needed to check My trading accounts. During this time, I tried to communicate with LITEFOREX for multiple times, but every time they just responded perfunctorily and delayed the withdrawals.

Until 6th June 2018, they closed my accounts, as well as client backstage without informing me and without providing me any reasons! Two accounts have a total 627,303 USD balance!!

After they closed my backstage and trading accounts, they sent a letter to induce me to make a video record claiming that I used their swap free accounts to hedging with another platform for arbitrage. But I did not do this, and it was impossible to admit it. They were trying to collect this evidence from me and accuse me of violating their terms and conditions, and then they will be able to keep my money. This is really an unacceptable scam!!

From the beginning, the company was very nice and friendly, and the rebate was paid to the accounts regularly. However, all their purpose is to induce me to trade and deposit more, and later they refused to give my money back when I make profit!!

I guarantee that all my transaction was made under conditions and terms, and every holding time period was from a few hours to a few days without any platform loopholes. It’s not ethical that our profit is not given because the profit we gain by predicting correct market direction is all under regulations.

FOREX traders all over the world should see clearly the real face of LIFEFOREX and stop being victimized. We are determined to take any actions to get our money back!!


Today is October 13, 2021. He still hasn't returned the money to us

Jun 8, 2018 - 1 Star I made the first deposit of 50000USD on 23rd March, and then I found that the transaction conditions were not good, so I decided to withdraw the money immediately. Then I received a call from the LITEFOREX sales manager and he asked how I could continue to trade with them. They offered 70% rebate and swap free trading accounts, so I started trading. At first I lost, then I continue to deposit 50000 USD on 19th April and another 50000 USD on 27th April, a total of 150000 dollars. After that, I started to make profit by predicting the market direction correctly. So I began to make some withdrawals: 20000 USD on 4th May, 30000 USD on 9th May, and 50000 USD on 14th May. All of these withdrawals were successful, but after that all the withdrawals were rejected. From 21st May, they said they needed to check My trading accounts. During this time, I tried to communicate with LITEFOREX for multiple times, but every time they just responded perfunctorily and delayed the withdrawals.

Until 6th June 2018, they closed my accounts, as well as client backstage without informing me and without providing me any reasons! Two accounts have a total 677,303 USD balance!!

After they closed my backstage and trading accounts, they sent a letter to induce me to make a video record claiming that I used their swap free accounts to hedging with another platform for arbitrage. But I did not do this, and it was impossible to admit it. They were trying to collect this evidence from me and accuse me of violating their terms and conditions, and then they will be able to keep my money. This is really an unacceptable scam!!

From the beginning, the company was very nice and friendly, and the rebate was paid to the accounts regularly. However, all their purpose is to induce me to trade and deposit more, and later they refused to give my money back when I make profit!!

I guarantee that all my transaction was made under conditions and terms, and every holding time period was from a few hours to a few days without any platform loopholes. It’s not ethical that our profit is not given because the profit we gain by predicting correct market direction is all under regulations.

FOREX traders all over the world should see clearly the real face of LIFEFOREX and stop being victimized. We are determined to take any actions to get our money back!!

Reply by LiteForex Official submitted Jun 19, 2018 Dear danney5,

Your trading account was blocked from our side because you refused to provide us documents about source of funds and tax payments.

Your transactions aroused suspicion on the part of the bank also. Compliance officer of bank requested information about this funds from us and blocked our bank account. For unblock bank account with your money we need to provide documents about source of money and tax payments.

At this moment we received your documents and we already sent all documents for verification by bank. Our specialists contact you as soon as verification process be done.

For future dialog about your situation contact us via email please. Also we answered you on this forum in thread which you created before.

Best regards,

representative of LiteForex
2 traders have found this review helpful

Frequently Asked Questions

What leverage does LiteForex offer?

Lite Forex offers a leverage size from 1:1 to 500:1 for both their Classic and ECN accounts.

What is the minimum deposit to open an account with LiteForex?

The minimum deposit to open either Lite Forex Classic or Lite Forex ECN accounts is $50.

Is LiteForex regulated?

LiteForex is registered in Marshall Islands, it is currently not regulated by any regulatory authority.

In other words, there is no designated government or non-government body to supervise the activities of LiteForex or to resolve complaints.

Does LiteForex allow scalping and news trading?

Lite Forex allows scalping and news trading for their ECN accounts.