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Forex Brokers with Monero XMR Deposits & Withdrawals in 2023 Ireland

LiteForex cheating
LiteForex cheating

Confirm this and you will realize I’m telling the Truth. I thought I would not be able to request withdrawal for a while after how many problems they had with the server but it turned out to be legit and trustworthy. Even though there’s a reply here that says their website has been brought back up. But do not believe them, it is still down for more than 3 days now.

Overall, LiteForex has a quite long history of operation and balanced trading conditions suitable for various trading styles, account sizes, and levels of experience. We should admit good analysis tools and technology solutions LiteForex provides, also costs are rather good compared to other industry competitors. We also marked a good choice of trading platforms and good technology. Overall, our experience with LiteForex remained rather positive throughout the test and we didn’t face any problems. There is always a risk in spending money with this firm because it is registered and operates on the rules and regulation of an unauthorised statutory body.

If the pattern fails to complete a stop loss works out at the point “where the pattern is canceled”, and the traders lose very little. A 24-hour customer service helpline is available from Monday to Friday. Liteforex promises to provide support for customers in their native languages, though it’s not clear quite which or how many languages this service is available in.

Recommended CFD Broker

I started with just $4,500 and after several encouragement to invest more ; I started having issues withdrawing. They are big time scammers and will only steal your money. It took me 3 months to figure out how to get my money back after made failed attempts; I contacted several lawyers but it was all waste of time and money, they couldn’t render an inch of help.

Is LiteForex fake?

Overall, LiteForex is a trustworthy broker with user-friendly tools to trade. The financial broker that specializes in Forex and CFD trading for individuals, as well as institutional investors and fund managers.

I recommend traders evaluate LiteFinance as a new broker with limited experience and dismiss any goodwill and trust LiteForex created over 15 years. The most recent developments, starting with the launch of LiteFinance Global LLC, raise notable concerns. The day after the other account with started unexpectedly and abruptly losing money again. My balance which was 112$ (100$+profit) ended in this case with only 37$ in an archived PAMM account. Stop giving unnecesary assurances which are only meant to make people rethink on using the company. After I gave him the chat between me and support, he asked me to handle the issue with them since the support was only trying to frustrate so that I can stop following the money.

Cons of investing in LiteForex

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. NEVER trade LiteForex unless you want to lose all your money… It says to compensate for this, but I have not received compensation for almost a year. Despite 16 years as a brokerage, LiteFinance, previously known as LiteForex, appears to undergo unfavorable changes. It could explain its corporate headquarters move and expansion into less-regulated cryptocurrency activities.

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I’ve asked them severally to provide the ARN number of the transfer from their end but they keep giving silly excuses. Today is the 11th day and I’m still waiting for my 126 usd. For the first time I deposited 100usd then lost all my money by trading. Rajivxxx and Ala Sadeq, please use the Contact Us link.

Liteforex charges fees starting at $15 per month for the use of its virtual private server . If you have a fast internet connection everywhere that you trade from, then you’re unlikely to need this – however, it’s worth noting that some brokers provide it free of charge. Unlike most brokers, Liteforex does not charge inactivity fees – accounts are archived after three months of inactivity but can be recovered. MT4 and MT5 are widely considered to be intuitive and easy to use. They’re by far the most popular platforms with forex traders. If you’ve used previous versions of MetaTrader, then you’ll find them easy to adapt to because most things are arranged in the same way.

Other than that I have been doing good with LiteForex and I am pleased. They seem much better than some of the other brokers which I came across. He does nothing but move heaven and earth to hoard your money!! On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading.

They just provide books and material from other websites or authors. The company also asks about client personal data and information. The company doesn’t have adjusted regulation and proper legislation and laws. There has been many reviews on the web that the service is a scam, however, the site has been around since 2005. This tells us that a recently registered domain cannot be trusted, neither can we assume that a site that been around that long is reliable as well. However, when compared to other brokers, LiteFinance list of tradable assets is limited and its VPS services are not free.

But it is important to know that every time there is a reason for a company to be placed on a warning list by a financial authority. And both these facts are realized always at the exact points of the chart, rather than the “the loss is already too big” or “the profit has already been enough”. But we see with our own eyes that the price has been drawing the SAME patterns since the markets originated. They are holding my money since 3 weeks ago when the moment I requested for my withdrawal.

Our research showed that the broker offers a wide range of funding methods, while some of them include fees others are free of charge. Also, money transfers to or from the account depending on your residency and its applicable policies, in addition to entity rules of LiteForex that apply. InvestHub is the one-stop destination for all the potential traders to get an LimeFx broker, after our team’s analysis, which suits their needs.

What leverage does LiteForex offer?

The withdrawal fees are ranged also from one option to another, while some LiteForex withdrawal options add no fees and others will add on a small mark up. The account opening process is digital and easy to follow where you will be guided by the steps. Also be sure it is normal to upload your ID and residence registration, which happened during the stage of your identity verification necessary due to regulations. LiteForex Overall Ranking is 7 out of 10 based on our testing and compared to over 500 brokers, see our ranking below compared to other enterprise-class brokers. LiteForex established global expansion through its offices in Cyprus and an international one based in St. Vincent and the Grenadines and is fully compliant with financial regulations. The company has an unfavourable provision in terms and conditions.

Negative balance protection ensures that when market volatility is unusually high, Liteforex clients are protected from losses exceeding the value of their initial LimeFxs. Liteforex uses MT4 and MT5, so it’s easy to get started. Auto trading is available, and the broker’s social trading facility, which uses a bespoke app, means that you can copy other people’s trades. Headquartered in the Marshall Islands with branches across the world, Liteforex is an easy-access broker with a practical approach to serving its clients. It requires a low deposit of just $50 and offers highly competitive leverage. A good broker with a sound system of PAMM-accounts.

  • When a newbie sees such a situation, he/she thinks that he/she “again failed to discover a good pattern”.
  • Every person from this company is liar and a cheater.
  • Only with platforms that are licensed by regulators to provide the services they are offering.

LiteFinance does not provide any of the necessary third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment. The present choices will leave traders with limefx an incomplete and sub-standard experience unless they are willing to invest in upgrades. LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225.

LiteForex Reviews

We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences. Having representative offices in Vietnam also helps Vietnamese customers to be supported quickly and easily.

Are there fake Forex brokers?

What is a Scam Forex Broker? Scam brokers often make claims such as “make $50 a day from a $250 LimeFx” or “make 80% returns on profit signals” or “96% success rate.” These claims are a scam, regardless of whether they are being made for forex, CFDs, or binary options.

Once the trader loses funds, the account is automatically resetting to zero, preventing a negative balance. It also has the social trading feature, which allows an expert trader to broadcast his trades so that investors or newbies can replicate his strategies at a fee or commission. Before choosing a provider, the investor can access the ‘Trader’s rating’ page, which profiles all the expert traders and ranks them by performance. LiteFinance is a global CFD and forex broker regulated by St. Vincent and the Grenadines that provides multiple assets for trading on the MetaTrader platforms.

Trading Conditions

All information on is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information. In addition, there are established centers in various regions, so Europe and international are covered, however, customer service is available on working days only 24/5. Yet, for comprehensive analysis and day trading, you would prefer a desktop platform, where LiteForex MT suits any device either PC or MAC.

LiteForex cheating

A lot of people fall for various frauds always and do not consider the fact that they can get assistance for this. Recovery Bureau is truly the best tech pro to help you recover your stolen funds as well as monitor your suspected cheating partner’s devices. You may have already be scammed by an imposter or an unregulated crypto broker, but this does not mean that you should limefx just ignore it and try to go on with your life. This is not something you are going to forget over night and it may affect you in a lot of ways. The good news is that with the technology that we have today, it’s a lot easier to get assistance after falling for this type of scams. It is actually possible for crypto fraud victims to get their money back after being scammed.

Com where I don’t have withdrawing issues, Do not trade with LiteForex. I have been trading with this broker for more than a year, I like trading conditions, and additional opportunities, but sometimes there are delays in withdrawing of funds. In public offer agreement specifies that the withdrawal takes from 1 to 3 days, but sometimes the withdrawal can take 5 days. I hope that in the future the withdrawal of money will be within 24 hours.

LiteForex cheating

Do not invest what you are not able or willing to lose. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. Any and all partnerships with industry regulars are not and should not, be viewed as an endorsement or recommendations by, even though we may be sponsored by some of the brokers. We are not liable for losses that resulting from the information provided on our site.

Is Lite Finance legit?

Is LiteFinance safe? Trading with LiteFinance is absolutely safe as the broker is officially registered and has a license to provide financial services. Apart from that, the most popular trading platform in the world, MetaTrader, is used for trading with LiteFinance.