Liteforex
FPA "Scam" Warning Summary. A non regulated firm operating from the islands of Marshall, with unacceptable clauses in the user agreement, backed up by a "Scam" warning from ForexPeaceArmy, is something we would strongly avoid. Find Better Brokers Important Facts. The MetaTrader platform works just as expected and should please those who are fans of the liteforex trading liteforex. Additionally, the brokerage offers mobile versions of the MetaTrader platform providing support to those who want to trade on the go from their smartphone or tablet device. LiteForex offers both fixed spread and STP floating spread accounts. Fixed spread accounts come with a number of limitations with LiteForex stating that positions must be held for more than two minutes effectively banning scalping. Relatively recently the brokerage began offering STP accounts to clients with floating spreads from 0. However there is a more serious issue with the trading conditions at LiteForex. There is included in the terms of use document a condition which allows the brokerage adjust the results of client trades. This essentially gives LiteForex the ability to reverse profitable client trades. It also suggests that the brokerage may not operate a true STP execution model, as trades should be filled by the counteragent before an order is executed in a client account. Liteforex term of use should be enough to put most people off opening an account with the brokerage. LiteForex offers a significant range of currency pairings with it being possible to trade a good range of currency pairs with the brokerage. LiteForex provide customers with plenty of ways to get into contact with the brokerage, with the liteforex offering a range of toll free numbers. Despite how easy it is to get into contract with the staff at LiteForex, the brokerage does not have the best reputation for customer service. This partly due to the conditions of service which understandably have brought a number of clients into conflict with the brokerage. LiteForex is completely unregulated and is based offshore in the Marshall Islands an offshore financial hub and tax haven. The brokerage happens to be part of the same Self-Regulatory Liteforex as InstaForex who have had a number of run ins with regulators. However, Liteforex organisations provide little or no protection for traders and often suffer from a significant conflict of interest resulting in them failing to take action any form of against their members. LiteForex has also had a number of runs with regulators who have released warnings regarding the brokerage soliciting potential customers without the necessary regulatory approval. We strongly recommend only doing business with brokerages regulated in reputable jurisdictions. While LiteForex offers clients the ability to trade a range of instruments via the popular MetaTrader platforms, the brokerage is both unregulated and has terms which allow the brokerage to alter the results of client trades. It is for this reason we do not recommend LiteForex. Many would call this firm a plain-out scam. What did you think of our LiteForex review? Broker with standard conditions for trading is not liteforex than others. I trade with Liteforex because i can withdraw money without any problems. I hope that liteforex will have bonuses without deposit in future because they do not have such bonuses. Several times I came across a long withdrawal of money, I waited almost a week. Sum for the withdrawal was big, I received them, I thought that I was deceived, but this did not happen. I want the withdrawal of money would be faster. Your email address will not be published. Leave this field empty. Summary A non regulated firm operating from the islands of Marshall, with unacceptable clauses in the user agreement, backed up by a "Scam" warning from ForexPeaceArmy, is something we would strongly avoid. April 15, at 1: May 30, at 9: Leave a Reply Cancel reply Your email address will not be published. All recommended firms on this website are supervised by one or more of the following regulatory bodies: Zulutrade Review Social Trading XM. Learn to analyze Forex like the pros with our comprehensive guide to technical and fundamental analysis: June 19, 2: High -leverage trading can be extremely volatile and cause substantial losses. All information on this website shall not be construed as financial advice. Free WordPress Theme Zincy liteforex Themes By:
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