Quote:
Originally Posted by timidave2005
Hello, pls does any know about LiteForex. I'm thinking of using them as my broker. Where is it located, who regulates them and can i rely on them?
David
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You're thinking of using them as your broker, yet you don't even know where they're located?
Why not check their website? That would be the obvious place to start for information. Their contact details are there for you to see.
As for regulation, have you checked the NFA site to see if they're regulated there? Better yet, why not simply contact LiteForex and ask them?
Have you searched these forums to see if anyone has any experience with them?
A little effort on your part will show that you're not just looking for a handout.
A quick perusal of their site looks like they'e more set up as an Internet business with all the funding options, rather than a Forex broker.
The fact that they use egold would make me suspicious, as anyone who's dealt with egold for any length of time knows how totally unsecure they are and how unresponsive they are when (not if) your account is hacked.