Lite Forex 

Category: Forex Broker Reviews
http://www.liteforex.org
Average user rating from: 5 user(s)

Broker Rating
2.4
 
Lite Forex

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FOREX JUSTICE SPOTLIGHT ARTICLE

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User reviews
SCAM
Wednesday, 22 April 2009

Written by Forex Master from Malaysia

Anybody has the proof to show the certificate that this company got EU regulated? This company is not regulated by any third party such as NFA, FCS, FCFR, etc.

Yeah we can still consider that it's not a scam (YET), in fact it is. Yes, they are paying but would it be persistent? I doubt it.

BTW the company strategy is very good. They focus on mini traders that have given them a lot of money due very high leverage (1:500) & lowest deposit of $1. This strategy will get all small butterflies addicted to it.
Thursday, 11 December 2008

Written by CFP from Malaysia

well .. they do pay my withdrawal .. some are a little late and the customer service .. abit slow .. the good news, they just had a malaysia site for liteforex and the respond time does improved. last time i withdraw, they even call on my cell to confirm if i wanted to withdraw the amount i asked ..

i would say they are not a scam but not that good .. they are improving tho ...
Wednesday, 12 November 2008

Written by Said Salameh from Egypt

Look, it might be not a 5-star i agree, but they are not scammers that's for sure. They just got an EU regulation as a professional investment firm and market maker.. This costs millions so i don't think a scammer will pay millions to get that paper.

Now back to Liteforex; They are a well established company and have been around for years, their one and only problem is the customer support. It takes long to get answered - everything else is just great.

Your comment regarding re-quotes shows only that you are a newbie, sorry no-offense. Other brokers like ODL, InterbankFX and even Saxobank widen their spreads on news times, so you do not get requoted and MORE pips are auto. deducted from your trade. Liteforex have FIXED SPREADS which meands they are NOT ALLOWED to widen the spreads.. Them re-quoting you means they are asking you for a permission to execute that particular order.

PS> If you want a 5-minutes service, use MIGFX; If you are not in a hurry and can wait 2 days for your support ticket, Liteforex will be just great for you. Enjoy
SCAM
Saturday, 05 July 2008

Written by R G from Brazil

How the above guy can give this 5 stars makes no sense, he obviously works for these scam theif artists, they are the best con artists out there, when you try and get out of a position during news times, or even during volatile times you will get requoted a hundred times, they simply won't let you out of a trade unless you are in a big loss, I regret so deeply to use them but in Brazil it is not easy to find brokers and these guys gave me the account with hardly any form filling. Their customer service is terrible and if you want to lose money go and use this broker.
Thursday, 26 June 2008

Written by Javier Keeth from Italy

Stable & Paying..

I'v had my account since Dec. 2005 and faced no problems at all except for little delays in quoting here and there.. Their servers are stable and their order execution uses fair market prices. Same day withdrawals makes them a ROCKING solution in the forex market, believe it or not ..


 
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