Review of the LiteForex Forex Broker: Traders’ Reviews on the “Kitchen”
LiteForex is a forex broker that has been on the market for over 14 years. The company operates in 15 countries in Africa and Asia. Despite the broker’s extensive experience and attractive investment offers, negative reviews are increasingly common online. In this review, we will look at the principles of LiteForex’s work and share client opinions.
Review of the official website liteforex.com
LiteForex attracts attention with its minimum deposit of $1, making forex accessible to all. The company promises stable profits on its website and provides up-to-date analytics. LiteForex’s website has many sections and informative infographics. The site is available in 29 languages, which is undoubtedly an advantage for the firm. The content on the Russian version is of high quality, and the blog regularly features analytical reviews and useful materials. However, the main problem lies in the huge information blocks without paragraph breaks, which complicates readability.
Legal information about LiteForex
There is no information on certificates and regulatory documents on LiteForex’s website. LiteForex is registered in the Marshall Islands, which are in an offshore zone. The lack of a license for brokerage activities is also concerning. There is no permission noted for operations in Europe and America.
What does LiteForex offer traders?
LiteForex offers advantageous investment conditions, but many users complain about the lack of transparency in operations. The website presents two types of accounts: ECN and CLASSIC. Beginners can open a demo account for practice. The company’s technical support provides contact information for user communication.
Review of technical support on liteforex.com
LiteForex provides contacts for quick technical support on its website, but some users complain about the low response from staff. The company offers LiveChat, which, according to reviews, does not always work efficiently. Important contacts are listed on the site.
Demo Account Contest: BEST OF THE BEST
LiteForex holds contests, but according to reviews, this may be part of the company’s marketing strategy. Participation in the contest requires registration and providing data.
LiteForex Educational Materials
The company offers extensive educational materials, including webinars, dictionaries, and courses. However, some users believe that the resource does not provide enough new information.
User Reviews of the Company
In user reviews of LiteForex, the majority are negative, often pointing out issues with fund withdrawals and the quality of technical support.
Conclusion
Based on the negative reviews and the absence of key licensing information, trust in LiteForex is called into question. Special attention and caution are recommended when dealing with this company.
Author: Alina Maymistova
I am highly dissatisfied with the LiteForex forex broker, particularly regarding their “dealing desk” which lacks professionalism and consistent efficiency.