LiteGap Review: A Corrupt Forex Trading platform

LiteGap is an anonymous investment platform taking advantage of naïve investors. Several investors have lost a considerable chunk of funds with the platform. We have to put an end to this ridiculous platform. Regulators are still investigating litegap.com for online fraud. Once the results are definitive, a warning will be issued. We hope by then, no one will have signed up with Lite Gap. Here’s the complete LITEGAP REVIEW for more.

A Brief Analysis of LiteGap

On their about us page, LiteGap boasts of helping over 200,000 traders attain financial freedom. Unfortunately, there’s no record of the number of current traders who have accounts with the platform. What we have are several complaints ranging from accounts being deleted to blocking withdrawals.

No one is safe from an anonymous investment platform. The platform was bound to show its true colors after members started asking questions. We fear that the platform plans to shut down once the investigation reveals the truth.

Lite Gap may have a compelling web design, but the results are problematic. Most of those who filed complaints wish they did more research before signing up. The platform is full of loopholes that we will gladly expose.

When choosing the best investment platform, you have to go with expert-backed options. These are investment platforms with a proven track record. Go for platforms that deliver promises and guarantee the safety of funds.

With Lite Gap, all you have is a platform that attempts to create chaos. You need to sign up with leading investment platforms that protect your interest at all times. Lite Gap is a sorry excuse for a trading platform.

Your first step in choosing the best investment platform is doing due diligence. First, ensure you find out what makes a platform tick. Then, try and find out what other investors are saying about it. You can also turn to our homepage for informed reviews on crypto and forex platforms.

Accounts LiteGap

Lite Gap avails five different trading accounts to use. These include basic, bronze, silver, gold, and platinum. Each account comes with a distinctive set of features. The platform also rates the expected ROI on each account.

We find it absurd that a platform will make such guarantees. With the market being ever-volatile, making such an assumption is carelessness. You should try and avoid such platforms as best as you possibly can.

Here’s a closer look at each of the five accounts;

Basic

As the name suggests, the account is best for beginners and novice traders. The account comes with a minimum acceptable deposit of $250. In addition, members get daily analyses of financial markets. You also get a guaranteed ROI of one to three percent.

Bronze

There’s an acceptable minimum deposit of $2,399 on the platform. In addition, you get cashback incentives and access to the educational center. In addition, members get three to five percent guaranteed returns with the account.

Silver

For the silver account holder, the acceptable minimum deposit is $5,499. The account comes with the same features as the first two. And this makes no sense as the more you deposit, the better features you expect. In addition, it comes with a guaranteed five to seven percent ROI.

Gold

Gold account holders, on the other hand, must deposit $7,499. Some of the notable features include compensation and securities. Of course, the platform neither compensates nor secures your safety. You get seven to nine percent expected ROI.

Platinum

It’s the most exclusive of accounts. Investors must make a minimum deposit of $9,999 to start using it. The account comes with a percentage rate of profit set at 10. In addition, you get personal trading strategies and access to VIP information.

Account Features

We also notice that some crucial features are missing on the accounts. And this includes leverage and spreads. So investors are going in blind, not knowing or understanding the full trading conditions.

The industry has set 1:100 as the maximum acceptable leverage. In the States, regulators have set 1:50 as the maximum leverage on retail traders. What’s missing from the platform is valuable data members should know before opening an account.

Affiliate and partnerships

There’s also an affiliate partnership available on the platform. You can start earning passive income if you direct others to the platform. Unfortunately, it’s not the case as the platform fails to stipulate their methods of payment.

You will also have to answer to users for directing them to a failed platform. Since the platform no longer responds to email, these users will turn to you. There’s no need to lose your reputation over such a platform.

Business Proprietor

There’s no information on who owns or runs the platform. And this makes it a risky investment platform to use. LiteGap is essentially an anonymous online investment platform. Attempting to fund such a platform is a high risk.

You should avoid all investment platforms that attempt to engage users with anonymity. There’s no transparency making it hard to track down such a platform. Please stay away from such an entity or risk becoming their next victim.

Contact and customer support

There’s also another essential feature to look out for when investing. Contact and support are critical to ensuring all parties are working hand in hand. Make sure to use a platform that encourages live means of communication.

Lite Gap seems to avoid direct communication as much as possible. The available phone number doesn’t offer investors any chance of talking to an agent. Once you call the number, it’s usually busy with no response.

Deposit and Withdrawal

There are several deposit and withdrawal options listed on the platform. In addition, you can deposit via bank and wire transfer. Once you open an account, the platform will send detailed instructions on how to deposit.

We don’t recommend funding these accounts as withdrawal is a huge problem. In addition, none of the current members can withdraw funds. And this makes litegap.com a platform taking advantage of investors.

License and Regulation LiteGap

Lite Gap is not a licensed platform and doesn’t offer investors any means of an actual investment. Moreover, you will likely lose your funds with the platform since it doesn’t comply with regulations. Without any regulatory framework, the platform is bound to impose harsh trading conditions.

Make sure to use platforms that are fully integrated with the trading regulations. And this means platforms licensed by official governing bodies. These include ASIC, BaFIN, CNMV, CONSOB, CySEC, FCA, and FINMA.

Other notable regulators include CFTC, FMA, NFA, and the SEC. Unfortunately, once you start investing with the unregulated platform, there are no guarantees. Even hiring recovery agents won’t help in getting back funds.

Litegap Trading Platform

The platform offers the MT4 platform, which is a world-class trading terminal. You also get a platform that provides a custom-built trading terminal. We recommend using MT4, MT5, and SIRIX trading terminals.

These are terminals that offer investors a chance to advance their trading skills. However, most members have reported the custom-made platform is volatile. Avoid such terminals as they are slow at executing trades.

Safety of funds LiteGap

Your funds are far from safe with a platform that fails to offer investors insurance cover. Without any compliance, it means there’s no insurance deposited to regulators. As a result, you stand to lose a lot with such a platform.

Verdict

There’s no way we would recommend trading with Lite Gap. So please stay away from litegap.com.

The best place to start investing is with credible platforms backed by experts. Then, try out new and improved ways of investing, such as coin staking and Masternoding.

If you have any queries, drop a comment or write to us.