why liteforex (LF) never tends to be regulated under any regulatory body ? It directly rises insecure feeling among the fx traders.
From other FX forum, i found got numbers of traders claimed their account being blocked by LF for no any solid reason. Most of them complain that LF accused them for being fraud on its bonus program,so called cheating LF bonus. But LF cant provide them with any evidence, yet still ignoring them afterward. Is this what we learn for “bucket shop” that stealing trader’s hard-earned profit ?
Some others traders complaining their withdrawal process had been hold for more than one month, and yet not processing. Some said deposit also take very long time until your account been margin called.
However, there is also some of the positive feedback that they don’t have any problem so far. Actually, I am quite interested with the partner program but i am worry maybe one day i would be the “lucky” one to be picked up for any violation in any unknown rules. Too sad i am not a lawyer who can playing around with the words.
Anyone can give some suggestion/experience or assurance on this company ? Please forgive me that i am a newbie in forex.