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.
What really bothers me about Liteforex Trades is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after doing extensive research and I fell for the polished exterior. Never again.
Pros: Clean UI|Educational resources|No hidden fees|Segregated accounts
Cons: Currency conversion fee exists|Cannot customize dashboard fully
I lost a significant amount because Liteforex Trades 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: Transparent fees|Full transparency|Smooth onboarding
Cons: Wish they had more educational resources
My withdrawal from Liteforex Trades was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for nearly two years of being strung along.
Pros: Copy trading available|Automated trading options|Fast deposits
Cons: Minor UI glitches occasionally