Liteforex Trades has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.liteforextd.com.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Liteforex Trades said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Stable platform|Full transparency
Cons: None so far|No integrated tax optimization
Tried to withdraw my funds from Liteforex Trades and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The platform itself is okay, but the customer service at Liteforex Trades is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Low minimum deposit|High security standards|Reliable uptime|Tax reports included
Cons: Cannot customize dashboard fully
For anyone considering Liteforex Trades, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
I closed a profitable position at Liteforex Trades and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Helpful community forum|Full transparency|Easy to use platform|Customizable dashboard
Cons: Research section could be deeper
The mobile app from Liteforex Trades is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Transparent fees|Demo account available
Cons: Help articles are sometimes vague
I signed up with Liteforex Trades through a forum discussion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Wide product range|Easy withdrawals|Good mobile app|Helpful community forum
Cons: Minimum deposit could be lower|Nothing significant
I was about to invest with Liteforex Trades but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
I am in a dispute with Liteforex Trades over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Fast deposits|Portfolio tracking tools|Segregated accounts|Social trading features
Cons: No dark mode on mobile
Liteforex Trades has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Demo account available|Smooth onboarding
Cons: Limited social trading features|Onboarding videos are outdated