LiteForex

[cbrecruit1]

dear Lite Forex

I have posted this question on the newbie Island however I found you had a thread here so I want to asked the following question below Im finding that a lot of my trade are having this results with your platform so I'm wonder if you could explain way, as other traders don't seem to know the answer to the question. I have had this problem with other currency pair.

Example USA/CAD taken from a recent trade

why is it when my price take profit at the price active it is negative
eg price 1.1719
SL 1.4449
TP1.1599
Price 1.1599 but is in -134.49
no swap

[o990l6mh]

Originally Posted by cbrecruit1

dear Lite Forex

I have posted this question on the newbie Island however I found you had a thread here so I want to asked the following question below Im finding that a lot of my trade are having this results with your platform so I'm wonder if you could explain way, as other traders don't seem to know the answer to the question. I have had this problem with other currency pair.

Example USA/CAD taken from a recent trade

why is it when my price take profit at the price active it is negative
eg price 1.1719
SL 1.4449
TP1.1599
Price 1.1599 but is in -134.49
no swap

Check my answer in the newbie section. Other traders do know the answer... most probably think that the question is too stupid to deserve an answer. Not me though.

[Mikhail Kurakin]

A first LiteForex representative office is open in Africa.

LiteForex group of companies representative office was open as it was planned in the context of market development of Forex trading accommodation in the Africa region. The first official LiteForex group of companies representative office in Africa started functioning this May in Nigeria, that is one of the largest countries of the region.

“Company development plans in the Africa area were made public as early as may*2008”, director-general of the “Trend Line” LLC, representing LiteForex in Russia and Baltic States area, Yuriy Voloshin comments. “Thus Nigeria representative office opening is a planned step towards new market development in the Africa area. By the time of the representative office opening we have gained a considerable experience in working with clients living in this country and in working partnership with Nigeria business circles. In this February we have completed a partnership agreement with Success Attitude Development Centre (SADC). The main aim of this not-for-profit nonstate organization is to support private enterprise development in Nigeria.”
According to LiteForex group of companies representative a choice of the country was based on an active economic development of the republic (today Nigeria is one of the leading petroleum producers in the world, has an enormous gas supplies which the country has recently started to exploit, and can almost completely provide itself with food), strong business undertakings existence and a large home market. One of the key index in favour of the office opening is a high trader activity of LiteForex group of companies’ clients living in Nigeria. According to corporate analytics Nigeria is the third country in the quantity of traders working with LiteForex.
«HighestBidder» company is a Nigeria LiteForex representative, the head of it is Mr. Ayobami Taiwo Nurudeen. A representative office is situated in Ibadan, the third largest city in Nigeria after Lagos and Kano. Its population is 2,5 million people.
Representative office address:
HighestBidder Company Limited
3rd Floor, Cocoa House Complex
Dugbe Ibadan,
Nigeria.
Today LiteForex group of companies has representative offices in 8 countries including Russia, Nigeria, Malaysia, Cyprus, Brazil, Iran, Latvia and Ukraine; 3 branches in Russia: Moscow, Saint-Petersburg, Vladivostok; and an exclusive operator office in Kaliningrad.
LiteForex group of companies web-site is available for users in 13 languages: Russian, English, German, French, Spanish, Portuguese, Arabic, Chinese, Hebrew, Persian, Malayan, Japanese and Greek.

About the company:
Straighthold Investment Group, Inc., along with United World Capital, Ltd., are presented under the well known LiteForex trade mark and thus are the part of the LiteForex group of companies. Placing financial active assets on the Forex international currency market, on world Stock Markets, on precious metals and Futures markets as well as providing brokerage services are among the basic activity directions of the LiteForex group of companies.
LiteForex company website Forex world | LiteForex

[o990l6mh]

Hi

Recently I've learned that you offer so called LFX indexes and these seem interesting to me.

However after downloading your demo I can't find these instruments.

They are the reason I'm interested in Liteforex, so I'd really like to be able to demo them.

Is there a solution to get these instruments on the demo?

[Mikhail Kurakin]

Originally Posted by o990l6mh

Hi

Recently I've learned that you offer so called LFX indexes and these seem interesting to me.

However after downloading your demo I can't find these instruments.

They are the reason I'm interested in Liteforex, so I'd really like to be able to demo them.

Is there a solution to get these instruments on the demo?

Yes, that is really so there arn't LiteForex Index on a demo account. These indexes are only on LITE and REAL accounts.

[Mikhail Kurakin]

Insurance is a new development course.

Beginning from the third quarter of 2009 a new company – United World Capital LLC Insurance enterprise – is a part of LiteForex group of companies together with Straighthold Investment Group, Inc. and United World Capital, Ltd.
United World Capital LLC Insurance Enterprise (UWC LLC IE) will provide a new development course for the group of companies.

UWC LLC IE activity is regulated by Federal Service of Insurance Supervision (FSSN), its license С № 3975 77 is valid on the territory of the Russian Federation. Among types of insurance that UWC LLC IE is allowed to execute according to the license are:
• life insurance for persons going abroad
• car breakage insurance
• legal person movables and immovables insurance
• insurance against accidents
• natural person movables and immovables insurance
• combined vehicle insurance
• building and assembly jobs insurance
• physician professional responsibility insurance

The company head office is located in Kaliningrad.

UWC LLC IE director-general, Yegor Voloshin thinks this business activity course to be one of the most perspective: “Insurance market in Russia has a considerable potential to develop due to the fact that an average Russian resident is limited to the number of obligatory (OSAGO) and voluntary (medical, for example, that is frequently granted by the employer) insurance types and these insurance types are not the result of one’s personal choise. In my opinion today a personal approach insurance has more potencial of development. Reputation and service quality are the most important indeces for insurer. We understand it and make the highest demands to the customer service.”
Today LiteForex group of companies includes Straighthold Investment Group Inc. and United World Capital, Ltd., United World Capital LLC Investment Company, United World Capital LLC Management Company and United World Capital LLC Insurance Enterprise. All of these companies are registered in the Russian Federation and their activity is regulated by Russian legislation.

About the company:
United World Capital LLC Insurance Enterprise (UWC LLC IE) along with Straighthold Investment Group, Inc. and United World Capital, Ltd., are presented under the well known LiteForex trade mark and thus are the part of the LiteForex group of companies. Placing financial active assets on the Forex international currency market, on world Stock Markets, on precious metals and Futures markets as well as providing brokerage services and insurance services are among the basic activity directions of the LiteForex group of companies.

[o990l6mh]

Originally Posted by Mikhail Kurakin

Yes, that is really so there arn't LiteForex Index on a demo account. These indexes are only on LITE and REAL accounts.

Ok, thanks. That's what I suspected. We'll see if I maybe open a live account then to check it out.

[rossiya]

I also had a 'technical defect' as well at my BUY STOP 1.4283 EURUSD while the market crested at 1.4275.
Basically ForexLite sold me 10.89 lots at 1.4283 making themselves and instant profit of 8 pips. Eight pips
out of my pocket, not the market. I thought I was supposed to be trading the market, not the broker's mini-market
with spiked pricing. That's not what a broker is supposed to do. Meanwhile I was correct on the trend with the EURUSD
two days later at 1.4032 [almost 300 pips], but after their equity drawdown on this fakeout and the lost equity of the
20 pips that short would have made, I'm off the playing field.

Basically you are forced by high-leverage to have tight stops, and yet their system spots tight regions where they
can sell you something at a higer price and they do it. Meanwhile I doubt they would jump on a BUY LIMIT of 1.4270
when the market crested at 1.4275, because they would be discounting the EURUSD in that case.

So bascially I'm forced to use tight stops due to high leverage, but they cash in on those tight stops where they can
sell to me at a higher price. We both lose because my position was correct and would have made 300 pips in 24 hours.
I can't do that though, when they stop out my entry positions.

On the graph you will see the price spike for that minute bar at 1.4282. Yet no other broker I know has a price that high
for minute bar 28Jul09 13:04, not even other Russian brokers. Moreover usually LiteForex is 4 pips lower on the EURUSD pair.

[o990l6mh]

Originally Posted by rossiya

I also had a 'technical defect' as well at my BUY STOP 1.4283 EURUSD while the market crested at 1.4275.
Basically ForexLite sold me 10.89 lots at 1.4283 making themselves and instant profit of 8 pips. Eight pips
out of my pocket, not the market. I thought I was supposed to be trading the market, not the broker's mini-market
with spiked pricing. That's not what a broker is supposed to do. Meanwhile I was correct on the trend with the EURUSD
two days later at 1.4032 [almost 300 pips], but after their equity drawdown on this fakeout and the lost equity of the
20 pips that short would have made, I'm off the playing field.

Basically you are forced by high-leverage to have tight stops, and yet their system spots tight regions where they
can sell you something at a higer price and they do it. Meanwhile I doubt they would jump on a BUY LIMIT of 1.4270
when the market crested at 1.4275, because they would be discounting the EURUSD in that case.

So bascially I'm forced to use tight stops due to high leverage, but they cash in on those tight stops where they can
sell to me at a higher price. We both lose because my position was correct and would have made 300 pips in 24 hours.
I can't do that though, when they stop out my entry positions.

On the graph you will see the price spike for that minute bar at 1.4282. Yet no other broker I know has a price that high
for minute bar 28Jul09 13:04, not even other Russian brokers. Moreover usually LiteForex is 4 pips lower on the EURUSD pair.

Switch to a big well known broker and you'll be rid of that sort of behavior.

[cbrecruit1]

That my point. I seem a common problem with this broker