LiteFinTech is was an unlicensed Forex broker, that is owned and operated by Index Fintech Ventures.
LiteFinTech is officially located at; 43 Franklin Street, Belfast BT2, Northern Ireland, United Kingdom. The listed phone number in Denmark is: +45 78 745 250, and their customer support email address is: [email protected]. The official website is: https://www.LiteFinTech.io/.
Investors with complaints or withdrawal problems should read this.
LiteFinTech Reviews
A review of this new Forex broker LiteFinTech shows, that they offer their investors the popular MetaTrader 5 trading platform.
MT5 is used my 90% of all online brokers, because it is compatible with add-on software and plugins. Investors usually download the software from their brokers website, and it may be slighty modified. If you download the original MetaTrader 5 from MQL5, you will need to update the server of your broker.
Lite FinTech is a typical broker, that offers CFD trading on common underlying assets. Their default list on the MT5 demo, shows all major forex pairs, and some minor currency pairs. Five different account types are offered by this broker, with the difference between accounts being only a few items. The minimum deposit amount is not stated for any of them
Algo trading is offered for investors with a Premium account, however, we could not ascertain the required deposit amount. Automatic trading is available from many different providers for free, or with a smaller initial deposit, see here.
LiteFinTech Regulations
Scam Broker Investigator has reviewed hundreds of online Forex broker, to determine if they are scams or legitimate brokers. The way to review a broker is by checking the FCA registrar for a valid license. Serious investors always use a licensed broker, so that they can be assured, that their money is kept in a segregated bank account.
LiteFinTech is not a licensed broker. There are a few other brokers which are listed at this address in Ireland, and the FCA has warned about a broker which goes by the name WigMarkets.
There are many kinds of investing scams you should be aware of, and it is worthwhile reading this article.
If you are already investing with LiteFinTech, please share your thoughts on this broker, in the comments below.