Since Liteforexpross official website (https://www.liteforexpros.com/) cannot be opened for now, we could only piece together the rough picture of this broker by gathering some relevant information from other websites.
General Information
Liteforexpros claims to be a forex broker registered in the United Kingdom, giving their clients access to a series of forex and CFD products. With the Liteforexpros platform, three types of trading instruments are provided, namely Bronze, Silver, and Gold, the minimum deposit to get started as high as 10,000 euros, with trading leverage not specified.
Liteforexpros is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.09/10. Please be aware of the risk, for trading with an unregulated broker is taking a huge risk of losing your money.
Account Types
Bronze, Silver, and Gold accounts are available options for clients with all trading levels. The minimum deposit amount specifies the account type, with the Bronze accounts from 10,000 euros, the Silver accounts from 25,000 euros, the Gold accounts from 50,000 euros.
Leverage
Trading leverage cannot be mentioned anywhere. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
Liteforexpros does not provide any information about trading platform.
Deposit & Withdrawal
The minimum deposit with Liteforexpros is 10,000 euros, which is totally ridiculous. Some legit and genuine brokers only ask for around $100 to open a live account. The alleged funding methods are Credit/Debit Cards, Wire Transfers, Skrill and Neteller, but this piece of information is also unverifiable. Information about withdrawal time and fees is nothing in particular, except for the claims that withdrawal requests are processed within 3-5 days.
Customer Support
Clients can get in touch with Liteforexpros through the following contact channels:
Telephone: +44 2039077086
Email: support@liteforexpros.com
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
Is Liteforexpros regulated？
No, Liteforexpros is not regulated.
What is the minimum deposit required by Liteforexpros？
The minimum deposit for a Bronze account is 10,000 euros.
What is the maximum leverage available？
The maximum trading leverage that is available on the Liteforexpros e platform is not disclosed.
2022-12-10 22:29
2022-12-06 13:32
