LiteForex is a trading name of Liteforex (Europe) Ltd (previously Mayzus Investment Company Ltd) that is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). The CySEC license allows it to conduct financial services, including forex. However, LiteForex Investments Limited is registered in the Marshall Islands and is not a regulated company.
There are a lot of negative posts and reviews in forex forums about LiteForex. They inform of poor customer support, unreasonable deleting client’s profits and accounts and huge difficulties in withdrawing money. Moreover, there are recommendations not to deal with this company and it is confirmed as a scam.
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