This InvestLite review found that although this broker only started operations in 2020, it has already built a solid reputation as one of the best for beginner and advanced traders.
Why? Because this brokerage provides you with quality training materials, free access to the MetaTrader4 trading platform, leverage of up to 1:500, and much more.
Our InvestLite review team also discovered that it holds a license from the trustworthy International Financial Services Commission (IFSC) and has various fund protection mechanisms. These safety measures give you peace of mind when trading any of their 350+ instruments.
Scroll down to find out more about the benefits of opening an account with InvestLite.
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Is InvestLite Trustworthy?
Our InvestLite review team found that the brokerage began operating in 2020, in the City of Belize, Belize. Despite being relatively young, this broker has already obtained an official license from a top-rated regulatory body.
InvestLite is an official licensee of the Belize-based International Financial Services Commission (IFSC), and its license number is 000188/91. This regulatory commission monitors the InvestLite broker closely to ensure you receive safe and quality service.
Also, InvestLite’s parent company Bayline Trading Ltd has weathered harsh economic conditions since starting operations in 2013. This delighted our expert review team, as it shows the broker has years of trading experience and is here to stay.
Finally, InvestLite implements its own safety measures. These include segregated bank accounts to protect your funds, negative balance to prevent devastating losses, and an investor compensation fund that compensates you if the broker cannot fulfill its financial obligations.
While the broker doesn’t provide service to the citizens of several countries, including the US and Canada, because of regulatory restrictions, InvestLite’s coverage area is vast. It covers most European, Asian, American, and African countries.
This InvestLite broker review discovered that the security measures and regulations in place fully comply with international standards.
Choice of Trading Instruments
With 350+ options to choose from, this broker allows you to create a diverse portfolio.
The main trading instruments available with InvestLite are:
- 40+ currency pairs
- 30+ cryptocurrencies
- 70+ stocks and indices
Not only does InvestLite have great trading options, it also offers you leverage of up to 1:500 on forex trades. These great conditions, combined with the diversity of assets and access to quality online trading educational materials, impressed our InvestLite forex broker review team.
InvestLite Trading Platforms
The InvestLite broker gives you free access to popular mobile and web versions of the MetaTrader 4 trading platform. The easy usability, technical indicators, trading signals, and speed of execution of this award-wining software have made it a popular choice for beginner traders.
Here are the options that you can choose from:
- WebTrader: this is a web version of MT4, which does not require any additional download or installation and is highly efficient, especially when trading CFDs. You can customize your trading by choosing between 4 modes of execution: market execution, trailing stop function, instant execution, pending, and stop orders. Our InvestLite review team also agrees that the software’s 24 analytical objects, compatibility with robots, and sophisticated data protection mechanisms make it one of the best trading platforms around.
- MobileTrader is a mobile version of MT4 that’s fully compatible with Android and iOS software. This app gives you all the features of the WebTrader such as the fully customizable trading environment, the full history of your trades, daily news digest, automated stop loss/take profit function, and keeps you updated on the latest market movements with push notifications.
Choose InvestLite Account That’s Perfect for You
This brokerage gives you three main accounts to choose from: Silver, Gold, and Platinum. It impressed our InvestLite review team to find that this broker gives you access to a free demo account. Loaded with $10,000 USD of virtual funds, this free account helps you practice your trading skills without the risk of losing money. We also advise that you hone your market knowledge by using the broker’s quality education center before you trade.
Here are the options of the main accounts that you can choose from:
- Silver account requires a minimum deposit of 250 USD and comes with features like 2.2 pips for EUR/USD pair, leverage of 1:200, and zero added commission.
- Gold account also requires a minimum deposit of 250 USD, but gives you3 pips for EUR/USD , and a leverage of 1:300. Along with no added commissions, it provides you with extras such as a swap discount of 25%, fifth decimal pricing, and a dedicated account manager.
- Platinum account is the highest tier account that you can get for a minimum of 250 USD. On top of the usual no commission fees, you get 0.7 pips for EUR/USD , leverage of up to 1:500, fifth decimal pricing, a free VPS, a swap discount of 50%, a dedicated account manager, and a customized investment news digest.
Every InvestLite account is also available as a swap-free Islamic account. Also, be aware that there is an activity fee. This begins after 61 days of inactivity and initially costs €160. After that, there is a monthly inactivity fee of €120 after 91 days, €200 euros after 181 days, and €500 after 271 days.
This expensive fee but is easy to avoid. All you need to do is open or close a position to validate your account as active.
Payment Methods At InvestLite
Our review of the InvestLite forex broker found that it provides you with an array of payment methods. These include:
- Credit/debit cards (Visa, Mastercard, Maestro)
- Wire transfer
- Orange Pay
- Emerchant pay
- MIR Limited
As Investlite is not an STP broker, making deposits and withdrawals is commission-free. The broker processes your deposits in a couple of minutes and only takes up to seven working days to carry out your withdrawal requests.
InvestLite Customer Support
Our review of InvestLite found that it takes customer support seriously. This trustworthy broker provides you with customer service available Monday – Friday between 04:00AM – 02:00PM GMT. Each customer service agent we contacted was highly knowledgeable and quick to answer our questions on varied topics.
There are 3 main ways in which you can reach this broker:
- Via email at [email protected]
- Via phone at +27108807931/ +442080972824
- Via live chat at broker’s website (mobile compatible)
We recommend that you always check the site’s FAQs page before you contact the customer support team, as they provide in-depth answers to common queries.
Frequently Asked Questions (FAQs)
Is InvestLite a good broker?
InvestLite is definitely a good broker. This InvestLite broker review found it successfully combines efficient safety regulation and profitable trading instruments. Choose this brokerage if you want to trade 350+ assets with peace of mind.
What is the minimum deposit at InvestLite?
The minimum deposit for any InvestLite account is 250 USD. You can choose between the Silver, Gold, and Platinum accounts, each of which has its own set of unique features and even a trading robot mode available. We recommend you carefully study all the account options to find one that suits your individual needs.
What fees does InvestLite charge?
InvestLite does not charge any fees on withdrawal or deposits. In fact, our review of the InvestLite forex broker found that it is one of the cheapest options on the market. Also, instead of offering you ever-changing trading bonuses, this brokerage gives you low spreads all year round.
Is InvestLite licensed?
InvestLite holds a license from the International Financial Services Commission (IFSC). This trusted regulatory body closely monitors the operations of this broker to check illicit activities or harmful practices are not taking place.
How do I withdraw from InvestLite?
In order to withdraw your funds, you need to choose one of the payment methods outlined in this review. Once you have selected one that is a perfect match, you just need to wait for a maximum of seven working days to receive your money. InvestLite does not charge you any commission fees to carry out this service.