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Global Broker Regulation & Inquiry App

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LiteGap

China|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://litegap.com/

Website

Rating Index

Contact

https://litegap.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Warning: Low score, please stay away!
2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

Basic information

Registered region
China
Operating period
2-5 years
Company Name
LiteGap
Abbreviation
LiteGap
Company employee
--
Company website
Keywords 4
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Website
Company Summary
Disclosure
News
Review

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Official website

Website

  • litegap.com

    Server Location

    United States

    Website Domain Name

    litegap.com

    Server IP

    172.67.140.239

Company Summary

Note: Since LiteGaps official site (https://litegap.com/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

LiteGap is allegedly an unregulated and blacklisted forex broker registered in China that claims to provide its clients with forex trading with leverage up to 1:400 and pretty high spreads on the web-based trading platform.

Market Instruments

LiteGap is a forex broker that mainly offers forex trading. However, we have no way to find other available trading assets due to its broken links.

Leverage

A leverage ratio of up to 1:400 is offered by LiteGap, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads

As tested on the demo web account of LiteGap, the spread on the benchmark EUR/USD pair was as high as 3 pips, which is much higher than most brokers offer.

Trading Platform Available

The platform available for trading at LiteGap is the web-based trading platform. In any case, we recommend using MT4 or MT5. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading

Deposit & Withdrawal

LiteGap accepts credit cards only. The minimum initial deposit requirement is $250. The broker also charges the withdrawal fee. In particular, the withdrawal fee is subject to a service fee of 3.5%. If 3.5% equals or below an amount of 30, the client will be charged a 30 withdrawal fee and the maximum service fee is said to be capped at 3,500.

Fees

Apart from the withdrawal fee that we have just discussed, LiteGap also charges some other fees. For example, the clearance fee is 0.5% from every trade, both winning and losing, up to $1,000. If the trading account is inactive for two months or more, the account becomes dormant and will be charged a dormant fee of $/€/£500. Also, the maintenance fee of 0.5% from the account balance monthly will be charged.

Fees

Customer Support

LiteGap‘s customer support can be reached by telephone: +48722761113, email: support@litegap.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk
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