The LITEFOREX brand has been represented on the stock exchange floor since 2004. It tries to make trading activity as transparent and safe as possible. The official website states that the company is a pioneer, it introduced the first terminal with the ability to trade on cent accounts. The starting capital is only 1 American dollar, thanks to which literally everyone can start co-operation. The firm talks about quite favourable conditions, but how does it really work? We will determine the reputation of the brand, helping the reader to make an informed decision about cooperation with it.
Trading conditions for the broker’s clients
The exchange intermediary provided a wide access to market trading. He offered a low entry threshold, earned the title of a pioneer. In the mid-2000s, the firm provoked an intensive development of trading. It set itself several tasks. Among them is the provision of comfortable conditions for profitable transactions. The company was recognised as one of the best according to the trade publication World Finance, but a large number of negative reviews refute this title. Traders say that the firm is engaged in deception and does not pay out money.
The intermediary organisation LITEFOREX provides access to several financial assets:
- Forex pairs.
- CFD contracts with a high level of liquidity.
- Exchange indices.
- Shares of foreign brands with high capitalisation.
- Metals, energy resources and other commodities.
- Cryptocurrencies with high volatility.
The website my.liteforex.eu publishes up-to-date quotes that allow you to stay up-to-date with the latest news. The trader will observe the changes in market prices, making the right investment decisions. The company has developed several promotions and bonus programmes to attract new players. In addition, the broker’s web portal offers a number of useful services:
- Analytical market reviews from the brand’s leading specialists.
- Economic calendar for analysing the world markets. The trader will review important publications, drawing conclusions about the behaviour of quotes.
- Calculator for calculating potential expenses.
- Service for copying trades simplifies the work. An investor can connect to a proven strategy.
- There are applications for mobile phones.
If a trader wants to get round-the-clock access to the market, he can connect a VPS service. Metatrader 4 and 5 versions are used as working platforms. The company indicates that it was registered in Cyprus. An email address and an online form are provided for contacting the consultants.
Deposit replenishment and payments
American dollars, European euros, Russian roubles and other monetary units can be used as the account currency. The company allows you to apply various digital wallets, plastic cards and bank transfers. Each option provides for a different crediting period. A trader should take these parameters into account before depositing money.
LITEFOREX clients complain about the low quality of services and refusal to make payments. They claim that withdrawal of funds is not made. Employees go to all sorts of tricks, leaving money inside their own system. Investors have repeatedly contacted technical support without receiving the expected help. Some depositors managed to take the deposit after publishing a negative comment on third-party resources.
Will it be possible to make money with LITEFOREX?
The intermediary indicates a long track record of market trading, but publishes little information. The web portal contains quotes of popular financial assets, but a trader will not read the list of services and legal documents. Negative reviews are published on independent sites. Clients talk about criminal machinations of the project employees. Withdrawal of funds is often delayed, in some cases payments are not made. We recommend refusing to cooperate with the scammer LITEFOREX.