Forex Brokers

Impersonation of Trademax Australia Limited (fxlitetrader.com)

1.4 (14 reviews)
🇦🇺 Australia
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1.4
14 reviews
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About Impersonation of Trademax Australia Limited (fxlitetrader.com)

Impersonation of Trademax Australia Limited (fxlitetrader.com) has been flagged by Australian Securities and Investments Commission for "Registered/Licensed entity impersonators". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Impossible to get real help

G
Gavin S.
2 weeks ago

I had high hopes for Impersonation of Trademax Australia Limited (fxlitetrader.com) after doing extensive research, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Transparent fees|Detailed reporting|Multi-device support

Cons: Minor UI glitches occasionally

Rip-off dressed as a service

K
Karen N.
1 months ago

I lost a significant amount because Impersonation of Trademax Australia Limited (fxlitetrader.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.

Pros: Tax reports included|Automated trading options

Cons: Nothing significant

Terrible customer service

S
Samantha G.
2 months ago

I referred a friend to Impersonation of Trademax Australia Limited (fxlitetrader.com) from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: High security standards|No hidden fees|Quick verification|Demo account available

Cons: Email notifications too frequent|Would like more payment methods

Headed in the wrong direction

A
Andrew Z.
4 months ago

After since last summer with Impersonation of Trademax Australia Limited (fxlitetrader.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: Quick verification|Social trading features

Cons: Live chat only during business hours

Rock bottom service quality

J
James F.
5 months ago

Impersonation of Trademax Australia Limited (fxlitetrader.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.

Pros: Clean UI|Intuitive for beginners|Stable platform|API access

Cons: Inactivity fee applies after 12 months

Duplicate charges on my card

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Lindsey K.
5 months ago

I requested my data from Impersonation of Trademax Australia Limited (fxlitetrader.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.

Pros: Good mobile app|Market news feed|Customizable dashboard

Cons: Website design could be more modern|Search feature is basic

Just terrible honestly

L
Leah W.
5 months ago

After using Impersonation of Trademax Australia Limited (fxlitetrader.com) since the beginning of the year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Real-time alerts|Multi-device support

Cons: Some tools only available on higher tiers

Horrible from beginning to end

L
Leo G.
6 months ago

Impersonation of Trademax Australia Limited (fxlitetrader.com) locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Clean UI|API access

Cons: Live chat only during business hours

Did my research - this is suspicious

J
John R.
6 months ago

I was about to invest with Impersonation of Trademax Australia Limited (fxlitetrader.com) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Australian Securities and Investments Commission has actually issued a warning about this firm. Thank goodness I checked before sending any money.

Cons: Unauthorized firm|Found in IOSCO warnings database

Shocking lack of professionalism

D
Daniel R.
6 months ago

I joined Impersonation of Trademax Australia Limited (fxlitetrader.com) after a trusted YouTuber reviewed them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: Wide product range|Risk management tools|Clean UI|Smooth onboarding

Cons: Would like more payment methods|Website design could be more modern