Litegraphs.com presents a trading platform for CFDs assets. However, this broker does not have a good reputation.

The website Litegraphs.com is accused of scamming traders big time.

The company is allegedly from Belgium, and this is a jurisdiction where Forex brokers are governed by the FSMA.

If you search the database of the financial regulator, you will not find Litegraphs anyway.

Yet this broker is supposed to be “legitimate”.

We will explain why these things are happening in this review.

Litegraphs broker review

The problem starts and ends with this broker.

They claim that the platform is letting people “reduce risk while maximizing profits.

This is a terrible lie because no CFDs broker can help you achieve such a goal. In fact, if you want to understand it well, consider how CFDs brokers operate their business.

They never forward your orders to the regulated exchanges. Instead, they trade against their clients.

This is how they make their money. If they let you trade in a fair and transparent environment, they’ll lose a lot of money.

And that is why Litegraphs is a CFDs broker. It makes money through this skewed model of operation. This is also why there are a lot of complaints against this broker.

Besides this, Litegraphs.com is just a website. There is no company behind it. A legitimate company is an entity that is legally incorporated and has a verifiable address.

In case Litegraphs scams you and you’d like to sue them, it becomes an impossible task due to the fact that these people are anonymous.

All company executives have refused to disclose their identities.

More reasons why you should not trust Litegraphs

This broker implies that they are legitimate and professional but in the real sense, they’re not. It is not a website you can trust with your money because of the following reasons.

1)The website Litegraphs.com is very new and there’s no element of trust between traders and the website/its owners.

2)Of course lack of a valid broker’s license is a concern.

3)This is a CFDs broker in a country that is considered offshore.

4)This broker doesn’t have a track record.

5)Marketing information about Litegraphs.com is misleading.

Final thought about Litegraphs.com

We think this broker is not serious about the business, and therefore cannot be trusted to safely handle your money.

Forget about the advantages that they’re promising on their website. Litegraphs doesn’t want your success. The only thing they want is your money.

Finally, they advertise that their platform offers “fast withdrawals” but they’re not telling you anything to do with the reason why they never process withdrawal requests.

The purpose of trading is to make profits that you can withdraw and spend. But scammers such as Litegraphs are making this impossible to achieve since traders make profits but can’t cash out the money.

The reason the owners of this scam are not willing to disclose their identities is because they have a fishy thing going on behind the curtains.

It’s a trap that many newbies will fall for because the website is professionally designed and made to sound like the broker is the real deal.

If you’re a victim of these illegal enterprises, take this advise from us.

We also encourage you guys to share with us your ideas/alerts in the comment section.

Thanks.