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In this InvestLite forex broker review, we found it’s perfect if you’re looking for a trusted broker that offers you highly competitive trading conditions.
Along with being a top forex broker that gives you up 1:500 leverage, InvestLite offers products from other financial markets as well. All its 350+ assets come with significantly low spreads and ultra-fast execution speeds.
InvestLite owns a license from the International Financial Services Commission (IFSC). This trusted regulator based in Belize monitors the broker’s every action to ensure it provides you with safe and high-quality trading conditions.
It also impressed our InvestLite review team to find that the brokerage implements multiple fund protection measures to further guarantee your trading safety. Keep reading to find out why we think InvestLite is one of the best brokers for beginner traders.
InvestLite’s Regulation and Background
To ensure that you choose the best forex broker for your trading needs, our InvestLite broker review team conducted a background check of this new brokerage.
Our experts found that the InvestLite only started operations in 2020, has a head office at 5 Cork Street, Belize City, Belize, and owns a financial license (no. 000188/91) from the International Financial Services Commission (IFSC).
At first glance it looks like the broker has little trading experience, but this is not the case. In fact, its parent Bayline Trading Ltd. has weathered harsh economic conditions since it began providing financial services in 2013, which therefore proves that InvestLite has financial stability.
The IFSC license and three different fund protection mechanisms – negative balance protection, account segregation, and customer compensation fund – prove that this is a trustworthy brokerage.
Contacting this brokerage’s support team is very straightforward. We tested the three available channels while conducting our InvestLite review and found that each agent we contacted resolved our queries quickly and professionally.
You can contact customer support via:
- Email support: [email protected]
- Phone call: +27108807931
- Direct chat on the website (mobile compatible)
The support team is available from 4am to 3pm GMT Monday to Friday. This ensures that regardless of your location or time zone, you can always contact InvestLite during the working week.
There’s also an extensive FAQ section on the broker’s website, which answers varied questions about different trading-related topics. Our experts agree that the high level of customer service provided by InvestLite makes trading stress-free.
Bonuses at InvestLite
Many forex brokers offer you varied promotional bonuses to tempt you to create an account with them. However, our review of InvestLite forex broker found that, because of regulatory restrictions, this brokerage doesn’t offer these promotions.
Don’t worry – this is usually a good sign, as brokers with these regulations must provide the best trading terms and conditions to attract customers. It pleased us to find that InvestLite focuses on providing you with the best deals all year round instead of onetime promotions.
Trading Platforms and Available Instruments
Our InvestLite review team found that this broker offers you 350+ instruments, which fall into the following asset classes:
- Forex pairs
Not only does InvestLite give you the chance to diversify your portfolio, but it also provides you with high leverage ratios. The maximum leverage this broker offers you on forex trades is 1:500. However, if opening a Platinum account is out of your price range, you can still get 1:200 with Silver accounts and get 1:400 when you open a Gold Account.
As for trading platforms, InvestLite gives you free access to two versions of award-winning software. These sync together to allow you to switch between the two when executing trades.
- WebTrader – This browser version of MetaTrader 4 that features various useful tools and functionalities to help you make savvy investments. These include different technical indicators, research tools, charting mechanisms, robots, trading signals, and an economic calendar. It also allows scalping – this is highly useful for forex trading.
- Mobile Trader – is the mobile version of MetaTrader 4 prototype and works exactly the same as WebTrader. Again, this software includes 24 analytical objects, 7 different chart timeframes, and lots of free trading signals. Fully compatible with Android or iOS devices, Mobile Trader’s push notification feature keeps you up to date with the latest market developments when you’re on the go.
InvestLite Account types
During the following InvestLite review, we found that creating a live account with this broker is quick and easy. All three InvestLite accounts are available as swap-free Islamic accounts and include access to a free demo account loaded with $10,000 USD of virtual funds – this is great if you want to practice your trading skills without risk.
The three account options:
- Silver – 250 USD min. deposit; 1:200 max. leverage; 0.07 pips for spreads.
- Gold – 250 USD min. deposit; 1:400 max. leverage; 0.05 pips for spreads.
- Platinum – 250 USD min. deposit; 1:500 max. leverage; 0.03 pips for spreads.
How to Make Deposits and Withdrawals at InvestLite
After you open an account with InvestLite, you need to make a deposit in order to trade. Our review of InvestLite forex broker discovered that it accepts a range of payment methods. These include:
- Credit/debit cards (Visa, Mastercard, Maestro)
- Wire transfer
- Emerchant pay
- MIR Limited
- Orange Pay
InvestLite processes deposits within a few minutes and withdrawals within seven working days.
Keep in mind 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.
It’s simple to avoid this fee – just open or close a position to validate your account as active.
This new broker’s policy of charging you no commission fees for either transaction makes it one of the best forex traders around.
Our Verdict on InvestLite
As this review shows, InvestLite is a quality broker that offers you 350+ assets of commodities, stocks, and cryptocurrencies with beneficial trading terms of zero commissions and low spreads.
Alongside trading features, our InvestLite broker review also shows that the broker takes your trading safety seriously. With its trustworthy IFSC license and three different fund protection mechanisms, InvestLite ensures that your trades are completely secure.
Overall, InvestLite’s exceptional trading terms and conditions, safety features, and responsive customer service prove that it’s a top-rated broker. Open an account in just a few minutes to trade with InvestLite today.
Frequently Asked Questions (FAQs)
Who can trade with InvestLite?
Our InvestLite review shows that anyone can trade after making a minimum deposit of 250 USD. However, citizens of the United States, Canada, and North Korea cannot trade because of restrictions imposed by the International Financial Services Commission (IFSC) of Belize. Also, the maximum leverages are only available to professional clients.
Is InvestLite trustworthy?
Yes, as the above review proves, InvestLite is a trustworthy broker. The International Financial Services Commission (IFSC) of Belize monitors InvestLite’s actions to ensure it doesn’t engage in any illegal activity. The broker also has three different fund protection mechanisms in place to give you extra peace of mind when trading.
What account types does InvestLite have?
Currently, there are three retail accounts you can get with InvestLite. These include:
- Silver account
- Gold account
- Platinum account
Every account has a 250 USD minimum deposit requirement. InvestLite also offers you the option to change these into Islamic accounts, gives you access to an award-winning trading platform, and a demo account loaded with $10,000 USD of virtual funds.
What fees does InvestLite charge?
InvestLite doesn’t charge you instrument and account fees. Instead, InvestLite makes its money through spreads and inactivity fees. Please be aware that although they are easily avoidable, they increase in amount if you don’t use your account for long periods of time.
Does InvestLite offer a bonus?
No, InvestLite’s regulation directly prevents it from featuring any kind of promotional bonuses on its website. This lets the broker focuses on providing you with the best trading terms and conditions, instead of bonuses.