I wanted to open an account in liteforex. Earlier i was sammed by IRONFX and that is why i was a bit skeptical with LiteForex. I wanted to make a small deposit with the broker. I opened an account with Liteforex, I got amazed that without any kind of identification they system is allowing me to deposit money. This is not professional at all, as I know at the time of withdrawal they will ask all sort of identification to delay the withdrawal.
However i insisted them to verify my account at the very beginning and it got verified after 2 days. Then I tried to make a deposit with my bank card and its not going through. I am from Australia and my card is provided by the biggest bank of Australia. Liteforex system can not accept my card instead they insisted me to deposit by using other c***** method like bitcoin, skrill, neteller etc.
If it cannot accept card from the biggest bank of Australia i can not trust them at all, by depositing bitcoin. I assume they are not maintaining proper banking channel to collect money from the client and that is the only reason, they are unable to take money from a legit bank of Australia.
1 trader has found this review helpful
Reply by LiteForex Official submitted Feb 22, 2021:
Thank you for your feedback. Each broker has its own characteristics for the use of payment systems. We will check possibility of using bank cards from Australia.