General information

Let's review a signal provider for NASDAQ, US30, GER30, GOLD called LITE FOREX. The provider is based on Telegram only. The provider provides services of paid signals. Provider has no website and no social network. Let's look at the provider in detail.

Telegram

The main source of signals is the telegram channel. It has only 588 subscribers. The average number of views is 136. The audience engagement is on a good level and is equal to 23.09%.

If you look at the number of subscriber growth, you can see that it has been falling since November 2021. The number of subscribers dropped from 1,300 to 588, i.e. the loss of the audience is -54%.  The channel's admin is anonymous.

Signals

Let's break down one of the last signals from the provider's telegram channel that was May 4, 2022. The signals were to sell US30 at the current price. Stop loss at 33,283 and take profit was not given by the provider. 

After opening the trade, the price immediately went against the forecast and the trade closed with a loss.

Reviews

There are no reviews on major platforms about this signal provider, including in the telegram channel of the provider.

Conclusion

LITE FOREX provider is completely anonymous. There is no social networking or website to easily find out information about the provider.  

On public telegram channel there are only screenshots of successful trades from VIP group. Of course, it is hard to believe these screenshots of results in VIP group. You have to buy a subscription to see real results that every trader deserves to know before they use the provider's services.  The provider doesn't have a myfxbook profile, which is important in this industry.

It is worth mentioning that the last signal on the public channel was in May 2022. And the last post was also in May. Looks like the channel is no longer functioning.