LiteFinance Reviews and Comments

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My experience with LiteForex has been marred by a recurring issue that significantly impacts my trading strategies: the frequent occurrence of spikes that trigger and destroy stop-loss orders. While it's understandable for markets to exhibit multidirectional movements, the nature and frequency of these spikes on the LiteForex platform raise concerns. I've observed that even during periods of stable market trends, abrupt spikes of up to 50 pips in the opposite direction are not uncommon on this platform. Such spikes can be a natural part of forex market volatility; however, their regularity in seemingly stable conditions is perplexing and detrimental to trading. This pattern has led me to suspect that there might be some level of manipulation or artificial market movement being induced by LiteForex. It appears these spikes are not merely reflections of normal market fluctuations but could potentially be orchestrated to trigger stop-loss orders. This practice, if true, is not only unethical but also undermines the trust and reliability traders place in their brokerage platform. The impact of these spikes is significant. They can prematurely close positions, leading to unnecessary losses, and disrupt well-planned trading strategies. Such occurrences have forced me to reassess the reliability and fairness of the LiteForex platform. Given these experiences, I advise traders to exercise caution and vigilance when using the LiteForex platform. It's crucial to be aware of these potential spikes and consider their implications for your trading approach. While I cannot conclusively prove manipulation on LiteForex’s part, the consistent pattern of these spikes in stable market conditions is a matter of concern and warrants careful consideration by anyone trading on this platform.
Chapek 10 Jan 2024 Reply

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In my time trading, I've had the privilege (and sometimes the misfortune) of engaging with various brokers, and sadly, my journey with LiteFinance was less than satisfactory. Among the myriad brokers I've encountered, they rank towards the bottom in terms of transparency and reliability. On more than one occasion, I was taken aback by positions being abruptly closed, often resulting in significant financial losses. Such unexpected actions without prior notification not only impacted my funds but also eroded my trust in them as a broker. Additionally, I've had perplexing instances where funds seemed to vanish from my account. There was an unsettling absence of clarity, and reaching out for explanations often proved fruitless. It's disheartening to think this, but it often felt like there were systemic efforts in place at LiteForex to hinder client profitability. In a domain where trust and credibility are paramount, my experience with LiteForex was riddled with disappointment. I genuinely hope others tread cautiously and perhaps consider more reputable alternatives in the trading space.
Oswald 1 Nov 2023 Reply

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I am unable to withdraw my money. status is still waiting since so many days. what to do? please help me.

Maria Liaqat 17 Oct 2023 Reply

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I unfortunately stumbled upon an experience with LiteFinance that left a bitter taste in my mouth. Often heralded by many as a reputable broker, my personal journey with them has been anything but commendable. The core of my grievance stems from an incident where, after establishing a series of profitable trades and subsequently requesting a withdrawal, I was shocked to discover that all my gains had been nullified. This unilateral decision, made without any prior communication or justification, felt both arbitrary and underhanded. When I reached out for an explanation, I was met with a vague reference to their policies that apparently grants them the discretion to invalidate trades they deem 'suspicious'. However, what was disconcerting was the lack of transparency; they provided no concrete evidence or specific reasoning behind this action, leaving me in the dark and feeling cheated. While I've heard others champion LiteForex for their purported transparency and integrity, my experience tells a different story. An upstanding broker operates with clear communication and does not arbitrarily nullify successful trades behind the veil of ambiguous policies. Disturbingly, while my profitable trades were removed, those that were not in my favor remained untouched, further casting doubt on their integrity. In light of my experience, I'd advise potential traders to exercise caution and due diligence when considering LiteFinance. The trading world is vast, and there are numerous other brokers that prioritize fairness and transparency above all else.
Patrick 3 Oct 2023 Reply

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After giving LiteForex a chance for about six months, I came to the realization that it was a decision I'd rather not have made. Throughout my trading with them, I was frequently confounded by inexplicable and significant gaps in the trades. What was even more perplexing was that these gaps weren't associated with moments of significant market movement. Instead, they appeared during periods when the market was relatively stable. Such inconsistencies strongly suggest that there might be issues with how LiteForex processes its quotes or perhaps even some technical glitches within their platform. But the pitfalls of my experience with LiteForex didn’t stop there. On attempting to withdraw my earnings, I was met with a series of discouraging hurdles. Initially, my withdrawal request was inexplicably declined, leading me to undergo a verification process once more. Thinking this might resolve the issue, I dutifully resubmitted all required documents and went through their verification process again. However, the outcome was just as disappointing the second time around. My subsequent withdrawal request seemed to vanish into thin air, with no acknowledgment or feedback from LiteForex. Ultimately, and most alarmingly, they barred me from accessing my own account, all without providing any concrete explanation. In reflecting on this experience, I feel compelled to caution other traders about engaging with LiteFinance. The challenges I encountered - from trading inconsistencies to withdrawal obstacles and account blockages - serve as a stark reminder that not all platforms prioritize their clients' best interests. It's essential to tread carefully and consider alternative brokers who offer transparency, reliability, and genuine customer support.
nick m. 27 Sep 2023 Reply

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I tried to withdraw. Sent email saying I have to pay for tax which I did, the issue could not be solved, kept requesting for more commission, bad treatment.
Elena 23 Jun 2023 Reply

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I am a long-time client of this broker, I will say that the broker has pros and cons, and the disadvantages are significant, these are draining hairpins in reversal market situations, when traders catch a market reversal, accounts are heavily loaded with lots in order to earn a lot, it turns out a small margin of safety of the deposit. Here, with artificial hairpins, they demolish such traders who trade on the entire deposit, usually on small accounts. I am no exception, I recently lost two small cent accounts, precisely because of the hairpins done by the broker. I looked at charts of quotes on several sites, no one has such hairpins. It was the first. Second, why is the stop-out triggered immediately instantly for all trading orders, and not triggered gradually, individually for each order, and often below zero, nothing remains on the deposit?
Yarik 19 Jun 2023 Reply

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Heard a lot of reviews about them. Mostly positive, but in addition, I heard that the withdrawal of funds is delayed, it is no longer so pleasing to hear, and there are quite numerous reviews about withdrawal delays. Although I heard the same thing about ***, and even worse, I successfully traded with them. I haven’t decided on this broker yet, opened an account, talked to support, but after so many failures in trading, I’m now much cooler about all sorts of “profitable offers” and so on.
Rex 4 May 2023 Reply

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The ID that I submitted were always rejected. So I message Live Chat and he told me to send him my ID, Next he says it couldn't be process since I have two accounts and advise me to send them an email and mention them my personal information to merge the account. I did. Then they said I need to use another ID do I send my UMID id and live chat didn't respond so I left a message saying "Is this still not enough", I give up then, Thank you. Next I would know was my account if fully verifed. Planning to fund my account but after reading these comments I changed my mind.
Shoraine 2 Aug 2022 Reply

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I deposited money into the liteforex pro on the proviso it was an automated service. Next I am being called by a stock broker who is saying that he wants to make it my business and that it was not automated. I decided to take my money out then, and only on contacting the bank for a swift code for the terms and conditions to say that you have to have your name on the withdrawal otherwise they will not pay you the amount. To get a swift code from my bank they have only given their details and when they get the money back will deliver it into my account. This seems like a real scam. They also said that on reviewing the withdrawal request, that I had to print out the details and sign with the print review button which is totally not even present on the webpage, so that looks fishy too. Is that another way they can keep your money and say that you didn't do the right process. I had better get my withdrawal back, or this will not be the last time you hear from me!
Kushla Caelli 1 Aug 2022 Reply

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A big scam broker and need to be avoided at all costs. this broker have ecn accounts, but their ecn is not real their chart is differnet from traiding view. lots of manipulations and big slipages. on 23/06/2022 I opened a trade by this ticket #5060624970. I was short on nzd/jpy at price rate 84.725. at 22:00 +4:30GMT they close my trade at 86.487. the rate that is 200 pip higher from the real chart. I contacted them and they told me they will check it out. and after two days they didnt answer and I contact them again and they told me its because of volatility. my trade account is MT5-ECN-5562136
roya eghbali 5 Jul 2022 Reply

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How can global broker shut down its services for about 10 days now? No matter how big the problem, it should have been resolved by now considering the stakes of people involved . Something is fishy. I hope all gets fine soon.
Ankur 10 Jan 2022 Reply

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LiteForex is a scam, please be careful. Also had no access to my account for days, eventually when I did my account was blown.
Vee Lawrence 9 Jan 2022 Reply

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Very bad broker. Their servers froze for 3-4 days. They told me that they would close orders in my favor, so I waited and waited. I couldn't do anything for a week and see my profits turned into loss. And the result: they told me they couldn't compensate my loss profit, only the loss incurred. And they still charged overnight fees for those orders that should have brought me a lot of profit. I'm very angry and frustrated with Lite Forex. This is not a trustworthy broker that you should give your money on. Very bad service. Do not give them your money.
Bien Pham 8 Jan 2022 Reply

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This people are heartless. Liteforex is never a good broker. Avoid it before it will be late.
Victor 7 Jan 2022 Reply

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Litefinance website and MT4 services are not accessible since 18 hours now. Anyone knows what's happening?
Pankaj Gupta 5 Jan 2022 Reply

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Worst broker of all time, they are scammers . Very easy to deposit but to withdraw will take centuries. I regret the day I heard about you liteforex.
Anjola 7 Aug 2021 Reply

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Worst broker in the whole world literally would have a different candle close from other brokers and would exaggerate candle moves just to take yours stops, if you think I'm lying just compare with other brokers. I discovered late, This broker is the worst for real, I feel so sad cause I've been cheated and take me out of trades I would have been profitable with. I honestly plead with you, don't register with this broker.
Anjola 7 Aug 2021 Reply

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What happened to you liteforex? I can't log in either app or web. Take forever to log in.
odiin ynwa 21 May 2021 Reply

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I would just like to inform anyone who's planning to join their demo contest. I am telling you as early as now that It would be a waste of your precious time. I joined their April month contest (which is last month) and I manage to win the 1st place with supposedly I am to receive a $4000 bonus that I can use for trading. When I did try to claim the my prize, these people from the liteforex trading department said that I violated one of the trading conditions of their contest which is "Use of quotes flow failures to make guaranteed profits". I calmly responded and asked them to explain what do they mean of this rule and how one can be deemed violating this rule and of course I asked them for proof because as I understand is that this violation has something to do obviously with my trades. They got back to me and to only send me a screenshot of my trades showing my profitable trades using the M1 Timeframe where most of my profitable trades where made through a slippage. So, I said, okay. I questioned their proof because technically no one would know if a slippage is about to happen or not, right? I also told them that I never used M1 TF for my scalping strat and this person responding to me via email from their trading department told me, how come you've made about 20 trades in a day? I mean, you could scalp on any timeframe if you want to and not only on M1. Right? It made me think if these people really know a lot about trading? How could a representative from a brokerage firm has too little knowledge about trading? How? Anyway, I kept questioning them for this unethical move towards winning their demo contest. I even told them that this happened to a demo contest only, what more if I was already trading a real account. They even accused me of using a lagging EA which they said the reason I was able to determine almost every slippage. This is where these people really proved how stupid they are as you can see every trade on a traders' history whether one used a EA or not. I even made a bet to them that I will do a live trading just to prove them wrong but they never responded back any longer until this day. For this, I would strongly advise for people not to trade with LiteForex any longer. If they can find a reason not to grant someone the prize bonus (real money that can be used for trading), what more in a real account? I would also remind you, with that experience where they also showed a lot of slippage could happen, i would rather go for a different broker instead.
Lime Fisherman 19 May 2021 Reply

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I have just registered for a demo account and planning to deposit to start trading. But with all these negative reviews, I'm scared to get through with my plan. Thanks, guys. You've saved me from this scammer
Angelita 1 May 2021 Reply

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There are so many well regulated brokers out there. Winning forex is enough problem, why give yourself an extra mentally burden, by trading with an offshore broker?
Segun 7 May 2021

They let you deposit money but you can't use it on MT4 as they want you to upload your ATM cards, (debit card or credit carf) back to back, is this even legal at all? My money was stuck, all documents submitteed apart from bank card, and yet you can't trade as it disabled in MT4.
Balitok 23 Feb 2021 Reply

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I initiated a withdrawal. but upto now I've not seen my money. What's going on?
Benjamin Kayemba 17 Feb 2021 Reply

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I deposited on the 3rd but still now no withdrawal.
Nzuza 16 Feb 2021 Reply

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Worst broker I've ever seen. Their support is slower than a snail.
Amuda Saliu 5 Feb 2021 Reply

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Worst broker of all time, to deposit is not a problem at all, but to withdraw is the biggest problem, I wouldn't recommend them to anyone.
Muthoni 12 Jan 2021 Reply

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I wanted to give a try with this broker. but these number of comments suddenly scared the *** out of me...
frank kimathy 12 Nov 2020 Reply

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dear broker, can you please check what's going on with approving my cards because you guys don't want to approve my cards both of them.
Togo Sello Frans 5 Oct 2020 Reply

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This is the worst broker ever. I requested a withdrawal they are unable to approve my deposit. they are unable to make a deposit into my account but this is the exact same account that I used to deposit the money into my liteforex account.
Shanice 2 Sep 2020 Reply

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Dear Shanice, Specify your account number please. We will check everything. Best regards, representative of LiteForex
LiteForex 14 Sep 2020

System is currently down. And all I can do is watch my money loose coz I cannot come out of my trade. Their chat room is also unavailable.
Myst 20 Aug 2020 Reply

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Dear Myst, Provide more details please and tell your account number. We need to check everything. Best regards, representative of LiteForex
LiteForex 25 Aug 2020

LiteFinance

Since its establishment in 2005, LiteFinance has been a beacon of reliability in the Forex trading landscape, boasting an impeccable reputation. This reverence isn't mere happenstance but stems from a plethora of differentiators that elevate LiteFinance above its contemporaries. Leading-edge...

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