LiteBit (litebiitee.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: litebiitee.com.
If you are reading this considering LiteBit (litebiitee.com) - run. I wish I had read more negative reviews when my bank disappointed me and I searched for alternatives. I thought the positive ones were real. Maybe some are. My experience over for the past six months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Great customer service|Economic calendar
Cons: Charting tools need more indicators
My card was charged twice by LiteBit (litebiitee.com) on the same day. I had to dispute it with my bank. LiteBit (litebiitee.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Portfolio tracking tools|Dedicated account manager|Dividend tracking|Multi-device support
Cons: Desktop app not available on Linux
I joined LiteBit (litebiitee.com) based on a colleague's recommendation 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: Risk management tools|Transparent fees
Cons: Wait times can be long during peak hours
After spending since mid-2025 trying to make LiteBit (litebiitee.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Demo account available|Tax reports included|Customizable dashboard
Cons: Currency conversion fee exists|Inactivity fee applies after 12 months
I experienced a security concern with my LiteBit (litebiitee.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Low minimum deposit|Full transparency
Cons: No live chat on mobile|Limited social trading features
The hidden fees at LiteBit (litebiitee.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Risk management tools|Excellent charting
Cons: Minimum deposit could be lower
I have been trying to close my account with LiteBit (litebiitee.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Stable platform|Clear documentation|Regular platform improvements|Fast deposits
Cons: Limited social trading features
The spread at LiteBit (litebiitee.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a forum discussion and initially thought the platform was good - until I started trading seriously.
Pros: No hidden fees|Risk management tools
Cons: Live chat only during business hours|Currency conversion fee exists
LiteBit (litebiitee.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Educational resources|Multiple order types|Fast support response|Tax reports included
Cons: Wish they had more educational resources|Limited social trading features
Where do I even begin with LiteBit (litebiitee.com)? for over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Clean UI|Tax reports included|Stable platform|Risk management tools
Cons: Cannot customize dashboard fully