LiteFinance Warns Its Clients Of Trending Internet Fraud

Financial service provider, LiteFinance has released an official warning on its website to address the recent increase in internet scams and theft.

Details About The Official Warning 

On January 27th, 2023, LiteFinance addressed its clients on the recent surge of fraudulent activities. The official press release comes after widespread complaints resulting from a recent scam involving the company’s trademark.

According to the public release, the company’s trademark was used to “create fake sites, groups and chats in social networks as well as fake support accounts on Telegram.” These platforms lured many online traders to share sensitive details used to access their trading accounts.

The release further highlighted the various forms that fraudsters may adopt to extract sensitive data from traders. These include emails, calls, texts, requests to download or install software, or messages and links from social media platforms. LiteFinance warned its customers to beware of cyber-criminals who disguise themselves as the company’s representatives. 

The company added that clients should only perform transactions in the client profile using the payment details specified in the finance section of its trading platforms. The company also included a list of its official domains for its customer base. The release then dictates how clients can recognize their authorized representatives.

The press release concluded by advising its clientele to pay attention to security rules to avoid being scammed. Hopefully, this effort helps the company’s clients recognize other scams and reduce the occurrence of Internet financial market frauds. 

If you discover suspicious activities on your account or think you have been scammed, contact their support immediately.  

About LiteFinance 

LiteFinance was founded in 2005 under the name LiteForex. However, in 2021, it was rebranded to become LiteFinance. LiteFinance is an online electronic communication network (ECN) broker famous for providing top-notch financial services to its repertoire of clientele. 

LiteFinance offers its clientele access to major currency pairs, stock indexes, and commodities. Via the broker’s user-friendly platform, clients can trade in over 15 global languages with commendable speed. Hence, the broker enjoys positive customer reviews.

According to the Markets in Financial Instruments Directive (MiFID) and the Cyprus Securities and Exchange Commission (CySEC), LiteFinance is registered as a Cyprus Investment Firm (CIF). However, LiteFinance Global LLC does not offer its services to clients in the United States, Japan, Israel, Russia, and EEA countries.