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

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.

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

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

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?

litefinance have deducted my all funds when i made profits. they are not responding by email or live chat.