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LiteGap Broker Review
While the major slogan of LiteGap is “Maximize your earnings,” we questioned how a suspicious, unregulated organization could make such a claim. As a result, we thoroughly investigated the brokerage and gathered all pertinent data, including that pertaining to withdrawals. Check it out and read our review of LiteGap!
Broker status: Unregulated
Regulated by: Unlicensed brokerage
Blacklisted as a Scam by: AMF France
Owned by: N/A
Headquarters Country: N/A
Foundation year: 2021
Supported Platforms: Web trader
Minimum Deposit: $250
Cryptocurrencies: Available
Types of Assets: FX, commodities, indices, shares, cryptocurrencies
Maximum Leverage: 1:400
Free Demo Account: No
Accepts US clients: No
LiteGap Regulations and Security
LiteGap is an anonymous company that withholds any details about its owners, corporate offices, or regulatory authority. We would speculate that the business is operating the plan while concealing in an offshore nation. Your money is not secure in light of the current circumstances. Any deposits you make and any potential future profits are not guaranteed.
Finding a Tier1 regulated broker with an FCA, ASIC, BaFin, or comparable license is what we suggest you to do in order to avoid the LiteGap scam.
LiteGap Warnings From Financial Regulators
It is understandable that authorities began to respond since LiteGap is another scam. The firm has a separate domain just for French customers, therefore AMF was the first to publicly warn about the broker. In accordance with their claim, LiteGap is only a bogus domain, and any victims of fraud should register a complaint right now.
Fund Withdrawal Issues
Since LiteGap Broker is not subject to any formal regulation, the firm believed it could do whatever it wanted. And we mean all we say. The broker included the AnyDesk link on their home page, which is one of the things we’ve seen. AnyDesk, for those who are not aware of this fraud tool, is a program that enables the broker to connect to your PC or laptop and access all of your information, including online banking. That is how most brokers take money from clients covertly.
Don’t expect to receive any money back when you request a withdrawal either because no one is present to check the integrity of the broker.
Traders About LiteGap Scam
Naturally, traders themselves would be among those who had the worst things to say. Along with withdrawal troubles, they frequently gripe about money vanishing after downloading AnyDesk. It appears that LiteGap targets older customers who may lack the technological expertise to stop such unauthorized activities on their online banking. Prevent falling victim to the LiteGap scam by reporting any unusual behavior right away.
How to Recognize Online Scams and Avoid Them
You should notify us right away if you find yourself unable to withdraw the money you deposited with LiteGap or any other phony brokerage. Since there is a deadline for taking such action, we must register a dispute and ask for a chargeback. With few exclusions, you typically have up to 180 days from the day the illegal transaction took place.
Additionally, it’s a red flag if your broker keeps promising unrealistic profits, pushes you to download AnyDesk, or wants you to spend more money with no returns.
Are you having trouble successfully requesting a withdrawal from your broker? Tell us about it and add a comment.[/vc_column_text][/vc_column][/vc_row]
