Want to Trade with LiteForex? Read This First!
Is LiteForex actually forex lite? We’re not sure what’s behind the name, but we do know that its name is remarkably close to that of an FCA-regulated broker. The FCA, which is the main regulatory body in the UK has flagged LiteForex as a clone scam. These are pernicious frauds that adopt names similar to those of regulated brokers. Their goal is to fool clients who think they are signing up for legitimate services.
Is LiteForex a Scam or Legitimate?
We looked at the LiteForex site, which isn’t light on content. Although its landing pages are a bit overwritten, the design and content seem competent. However, we couldn’t find any information about the people who run the brokerage. Only mission statements and generalities about goals. Well, we’re sure that LiteForex didn’t have the objective of being flagged by the FCA over its misleading licensing information.
We Found Problems withLiteForex:
- No license
- Misleading information
- Flagged by FCA
- Negative reviews
- No transparency.
What You Should Do If You Have an Account with HNM?
You should close your account with LiteForex immediately and demand a withdrawal. If you do not receive a withdrawal, contact CryptoCoinTrace experts. We consult with clients, advise them on claims and have the tools and methods to track down your funds. The sooner talk to us, the greater the chances of a successful claim!