LiteForex Review

LiteForex Review present by 55brokers and other brokers reviews, Before signing an account you should always check on broker reliability and compare its trading offering.

• Company name: Liteforex (Europe) Limited. LiteForex Investments Limited.
• Registration Address/ License: Cyprus Investment Firm – with CySEC License 093/08. Marshall Islands firm regulated with MIBS (Marshall Islands Business Corporation Act.). 

Is LiteForex a scam or legit broker?

No, LiteForex is not legit to trade with it.

The LiteForex brand was created in 2005 with an aim to provide a transparent and accessible trading opportunity to the world traders and investors.

The company offices located in various jurisdictions, while targeting vast of traders and global residents, therefore the broker serves offices in known offshore zone Marshall Islands and Cyprus.

Meanwhile, being a CIF (Cyprus Investment Firm) LiteForex operating within the EU, thus the broker is licensed to provide its services by the CySEC (Cyprus Securities and Exchange Commission), in addition to its regulation within the Marshall Islands authority.

However, notwithstanding to the fact of regulation, it is obvious even from the quick research and based on our findings, the LiteForex company promises to provide transparent trading did face failure.

Numerous claims and complaints from the global traders presenting an impressive collection of issues that were faced during the trading.

The manipulation of the prices, issues with withdrawals and other malicious actions do not show the company behavior in the client interests and shows a different side of the reality.

Therefore, our concern is to prevent a possibility of frauds or losses of capital, along with the overall negative trading experience, hence it is obvious that LiteForex is in the list of “Brokers to Avoid” with a strong recommendation of warning.

Unfortunately, regulation and authorization can not guarantee a company’s reliability and professional sustainability for 100%, for this reason it is important to check both, the broker’s compliance and necessary licensing from the reputable authorities and overall reputation of the broker.

There are many of companies that match the criteria, so the best option is to choose among the proved, persistent Brokers that delivers safest investment opportunities.