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Score

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/10
The WikiFX Score of this broker is reduced because of too many complaints!

LiteForex

Cyprus|15-20 years| Benchmark B|
Regulated in Cyprus|Straight Through Processing(STP)|MT4 Full License|Regional Brokers|High potential risk|

https://www.liteforex.eu/

Website

Rating Index

Benchmark

Benchmark

B

Average transaction speed (ms)

400.4 Good

MT4/5

Full License

LiteForexEU-Live

United Kingdom
MT4
174

Influence

A

Influence index NO.1

Cyprus 7.53
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AA

Slippage:C

Cost:AA

Disconnected:AAA

Rollover:C

MT4/5 Identification

MT4/5 Identification

Full License

174
Server Name
LiteForexEU-Live MT4
Server Location United Kingdom

Influence

Influence

A

Influence index NO.1

Cyprus 7.53
Surpassed 49.90% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+357 25-750-555
support@liteforex.eu
https://www.liteforex.eu/
First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines

Licenses

Licensed Institution:Liteforex (Europe) Ltd

License No.:093/08

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2024-12-31
  • The number of the complaints received by WikiFX have reached 83 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
2

Basic information

Registered region
Cyprus
Operating period
15-20 years
Company Name
Liteforex (Europe) Limited
Abbreviation
LiteForex
Company employee
--
Customer Service Email Address
support@liteforex.eu
Contact number
0035725750555
Company website
Company address
First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines

Anh 1997

Vietnam

It is recommended to avoid this platform as it may burn copied accounts and entice customers to deposit more to hold positions.

Exposure

12-19

FX3109000831

Vietnam

Where are you from so avoid this floor because they are not reputable, I have been deducted an unreasonable bonus, I think you should boycott them and find a reputable group to invest in, guys. I was tricked by them as follows: I created an account for the first time, deposited 5k, bonus 30% = 1.5k, I lost the transaction, my account was burned and the bonus was negative. The next day I created a sub-account and deposited 2k, then suddenly the group deducted the bonus that had been burned from the previous account according to the floors. If it was burned, then I would not ask for it back, but this lite floor played dirty with customers.

Exposure

11-22

FX1725198741

Verified

Vietnam

I am Tran Hien. I registered an account with gmail tranhien0610@gmail.com, I was introduced by an IB through Facebook (we met in person for coffee, meals, and there are video and photo evidence) to guide me in registration and depositing over 9000 USD to follow the copytrade of that broker. When my assets reached over 11000 USD, this broker deliberately placed large orders against the market to burn my entire account. After that, the IB blocked all contact with me. I reported to the police in Hung Yen city but have not received any resolution. I messaged the exchange for support, but they refused to take responsibility because the IB is a partner of the exchange and not related to the exchange. I have saved the photo evidence. Thank you very much! ps: Everyone should stay away from this exchange, as they engage in fraudulent activities and shirk responsibility. They do not support customers. Currently, this IB still regularly posts on Facebook to continue their fraudulent activities.

Exposure

11-18

FX3109000831

Vietnam

The Lite exchange and related individuals are scamming customers and investors, so we should boycott them. I have traded on this platform and they deceived me with a bonus. Specifically, when I first deposited 5k, I received a 30% bonus. However, my trades resulted in losses and negative bonus. I created a sub MT4 account and deposited 2k, but they deducted 1406$ from it. When I complained, they accused me of cheating and blamed it on using 3 accounts on 1 device. Even if it was 30 accounts, it wouldn't matter because I introduced new customers to them. I used my own familiar device, while their application interface is different from yours.

Exposure

10-28

FX3109000831

Vietnam

Investors should stay away from this exchange and boycott it, it is extremely malicious. tkmtt4 030517 deposited 5k bonus30%, my trades burned and the bonus became negative. I created another account tkmt4 031868 and deposited to recover the trades, but before I could trade, it deducted the negative bonus from my other account. I find it unreasonable, when I complained, they accused me of cheating and deducted it anyway. I have evidence to show how malicious it is.

Exposure

10-23

FX3109000831

Vietnam

I trade like this and they accuse me of cheating or holding the string, whatever they want to say. I deposited 5k and got a 30% bonus, which is 1.5k. When I had a losing trade, the bonus was deducted from my MT4 account 030517. A few days later, I created another MT4 account 031868 and deposited 2k, still getting a 20% bonus, which is 400$. I hadn't even traded for about 2 hours when the broker took back the bonus and deducted 1400$ from my account. When I called the support staff, they said the broker reported it as cheating, so the broker demanded to take back the negative bonus from the burned account. Knowing that the broker would do this, no sane person would deposit money for the broker to deduct like that. I have screenshots of the trades for you to see how they handled it, is it right or not.

Exposure

10-22

FX3109000831

Vietnam

I have complained to the exchange but the exchange is unreasonable and still automatically deducts money from my account thix2588@gmail.com.

Exposure

10-21

FX1336751495

Indonesia

The master account that I copied for profit. But my account is actually minus 80%. I emailed and received an automated response. Be careful, this broker is starting to scam. I made a new CT transaction for only 2 days. It's already minus 80%.

Exposure

10-16

bach917

Vietnam

The negative account balance has been reset, when recharging, the trading platform will still automatically deduct the money.

Exposure

10-03

Đại Milô

Vietnam

Content: My name is and I have an account on the gmail platform with Mt5 number 469361. Order ID: #95800792 slipped 10 pips when buying at 2363.31 with a stop loss at 2363, but it only hit the stop loss at 2353.10. Meanwhile, the sell order at 2362.05 with ID #95775312 hit the take profit at 2360 at the same time. Why didn't the take profit slip 10 pips and close the position at 2354.5 while the stop loss slipped 10 pips? The fact that the take-profit and stop-loss occurred within the same timeframe indicates that the platform intentionally caused losses for investors. Therefore, I request that the platform compensate me for the incurred losses.

Exposure

07-18

Dũng9143

Vietnam

Yes, it's really a joke. The situation is that I just bought Porsche shares, the stock code is #PAH3 on June 10 on the Lite exchange, this code pays dividends on June 12. But on the evening of June 12, when I did not receive dividends, I reported to Floor Exchange and Floor Exchange said: Must buy shares before June 9 to receive dividends and this is the floor's regulations. Can you please tell me if there is any floor that requires something like that? But I trade on 2 exchanges but 1 exchange gets the answer and the other says it's not due to the exchange's regulations, which makes me feel strange :)))

Exposure

06-13

aoulad ‎bouchta

Morocco

Gab without news, opening or closing

Exposure

04-03

Beerter199

Verified

Thailand

Entry 23.017, sl 23.100. The price is only 23.40, it has already been sl. That's very bad.

Exposure

01-04

klowd

Philippines

the master trader in their copytrade has already gained massolive profit and won't let him withdraw the profits. Now somebody has took over his account.

Exposure

2023-09-19

Hồ Công Thành Đạt

Vietnam

the floor is not good, does not match the price SL

Exposure

2023-08-06

Gold2021

Vietnam

Only saw SL slippage but never saw TP slippage :)))

Exposure

2023-07-12

Akinsootofx

Nigeria

they manipulated chart and doubled my stoploss.

Exposure

2023-04-06

Akinsootofx

Nigeria

My stoploss was 20 pips, but this evening I saw $-4.14. then I quickly went to the chart to see what happened, I saw litefinance had changed the chart, I logged in to my other broker then see what happens in the pictures.

Exposure

2023-04-06

Lê Đinh Minh Hiền

Vietnam

Registered Exchange denounced LITE FINANCE Monitoring period: 10 - 15 years 6.78 Reviewed by InfoFX exchange Littefiance burned account 11/11/2022 OTHER FACTORS Through the network I was recommended to invest in stocks by staff. and opened an account at Litefinance exchange on June 24, 2022, while I was trading, I discovered that my account was deducted 10,000 USD, when I contacted a friend named Tan Thien, phone number 0392020498, you guided me to the Web. I discovered that the money had been transferred to the internal accounts, I changed the password, but after changing less than 1 minute, the account continued to be transferred 6,000 USD to the internal ID, I changed the password and changed the number again. money re-entry primary id 997747 is trading; at the same time i also changed my MT4 password. That same night, I called one of the floor's employees, Tran Thi Kim Xuan, at 0368237232, but there was no answer. On the morning of June 25, I still saw it as normal, but at about 8:15 a.m. I scratched my account, my password was changed, and my password was changed when I went to the Web. When recovering the password to the account, the amount of nearly 12,000 USD was burned. Right after that, I contacted Xuan and you told me to work with the floor with a solution. On the evening of June 24, 2022, I received an email from the exchange saying that I could check the ip that was in my account, I traded and burned the account with the address in HCMC: be803c3744ce6ed35eb749ec1e28e1 07, uniq: 0, ping: 399 ms, port : 36294) 23.06.2022 18:51 27.67.74.178 Ho Chi Minh City Android / Chrome (78.0.3904.108) 24.06.2022 04:32 27.67.74.178 Ho Chi Minh City Android / Chrome (78.0.3904.108) Once available Results of replying to the email, Xuan replied that the exchange had checked the email and told me to work with the police to find out who hacked the account to negotiate a request for a refund. I asked to work directly with Xuan's office and manager, you replied that you only work with your boss in Russia and refused me, calling the hotline also did not accept

Exposure

2022-12-02

Chanh9329

Vietnam

Slippage costs customers money but the exchange does not reimburse

Exposure

2022-12-02

101
Account Information
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Benchmark

Average transaction speed(ms)
400.4 Good
The highest transaction speed(ms)
63 Great
The highest speed of opening positions(ms)
63 Great
The highest speed of closing position(ms)
76 Great
The lowest speed of opening positions(ms)
1999 Poor
The lowest speed of closing position(ms)
1998 Poor
9.5USD/Lot Great
23.18USD/Lot Perfect
Long: -6.8USD/Lot    Short: 3.02USD/Lot Good
Long: -44.68USD/Lot    Short: 9.52USD/Lot Poor
Average slippage
0.4
Maximum transaction slippage
28 Poor
Maximum positive slippage
-2 Great
Maximum negative slippage
28 Poor
Average disconnection frequency (times/day)
0.2 Perfect
Average reconnection time (millisecond/per request)
26.3
Ranking: 92 / 125
Test user 1,053
Orders 21,487
Ocuppied margin $5,495,440 USD
Data Source
WikiFX Data provide
Updated: 2024-12-27 01:00:00
Sources
Language
Mkt. Analysis
Creatives

Website

Most visited countries/areas

  • Costa Rica
  • Nigeria
  • Oman
  • litefinance.vn

    Server Location

    United States

    Website Domain Name

    litefinance.vn

    Server IP

    172.67.222.140

  • litefinance.org

  • liteforex.br.com

Company Summary

Company Summary

Company profile

General Information & Regulation

Liteforex is the trading name Liteforex (Europe) Limited which registered with address: 1 Vasileos Georgiou A Street, Monastiraki Center, Office 1, Potamos Germasogeias, 4040, Limassol, Cyprus, launched in 2005. Liteforex (Europe) Limited, is registered as a Cyprus Investment Firm (CIF) with the registration number HE230122 and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 093/08 in accordance with Markets in Financial Instruments Directive (MiFID).

Market Instruments

Investors can trade all popular currency pairs and cross rates, precious metals, crude oil, stock indices, stock CFDs, and cryptocurrencies through Liteforex broker.

Liteforex Minimum Deposit

There are two acocunt types are listed on Liteforex platform: the Classic Accounts and the ECN accounts. The Classic account requires a minimum deposit of $50 and a 30% tradable bonus on deposits, and the ECN account requires the same initial deposit amount but with a 2.5% annual account interest. Additionally, a demo account is alos available.

Liteforex Leverage

Trading leverage depends on various instruments. The maximum leverage for major currency pair is up 1:30, up to 1:20 for minor currency pairs and major indices, 1:20 for XAUUSD, 1:10 for XAGUSD, 1:10 for USCrude and UKBrent.

Spreads & Commissions

Liteforex calculates trading costs all into spreads. The minimum spread for the classic account is 2.2 pips for EURUSD, 2.3 pips for GBPUSD, 6.4 pips for XAUUSD, 6.2 pips for XGUUSD, 0.9 pips for USOil, 0.9 pips for UKOil, 10.6 pips for S&P500, 4.1 pips for Stocks, and 1.0 pips for Bitcoin. The minimum spread for BitUSD is 1316.0 pips. The minimum spread for ECN accounts is 0.1 pips for EURUSD, 0.3 pips for GBPUSD, 1.5 pips for XAUUSD, 1.0 pips for XGUUSD, 0.3 pips for USOil, 0.3 pips for UKOil, 0.6 pips for S&P 500, with its commission of US$5. The spread for BitUSD is 1316.0 pips, and the minimum spread for stocks is 0.1 pips.

Trading Platform

Liteforex offers traders the market-leading and popular MT4 and MT5 trading platforms, as well as MT4 Windows PC, MT4 Mac PC, MT4 Multi-Terminal Edition, MT4 iOS/iPad, MT4 Android, MT5 Windows PC, MT5 Mac PC, MT5 iOS/iPad/iPad, and MT5 Android, for users to make flexible choices.

Deposit & Withdrawal

Traders can deposit and withdraw funds via VISA & MASTERCARD credit cards, bank wire transfers, local deposits, Skrill, Neteller, Perfect Money, WebMoney, Alipay, and Bitcoin cryptocurrencies with a minimum deposit of $10. Liteforex will provide users with a certain amount of bonus, for the refund of fees incurred by the payment.

Customer Support

Customer service can be accessed 24/5 via live chat, and e-mail and phone support 12/5. LiteForex maintains a multi-lingual support team, while the FAQ section answers the most common questions. Traders are unlikely to require any assistance, as this broker explains most aspects well. In case of unforeseen events, it remains easy to receive help

Keywords

  • 15-20 years
  • Regulated in Cyprus
  • Straight Through Processing(STP)
  • MT4 Full License
  • MT5 Full License
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  • High potential risk

News

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Monthly Japanese yen fundamental forecast

News Monthly Japanese yen fundamental forecast

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Pound skating on thin ice. Forecast as of 19.10.2023

News Pound skating on thin ice. Forecast as of 19.10.2023

The caution of the Bank of England, stagflation in the UK, and the crisis in the Middle East are pressing the pound down. Following a short correction up, the GBPUSD resumed falling and will hardly turn up in the near future. Let us discuss the Forex outlook and make up a trading plan.

2023-10-25 10:49

Pound goes with the flow. Forecast as of 05.10.2023

News Pound goes with the flow. Forecast as of 05.10.2023

The GBPUSD is going down despite the positive UK economic reports and the BoE's hawkish stance. The price dropped to a six-month low and might fall deeper. Let us discuss the Forex outlook and make up a trading plan.

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