InvestLite Review
Our InvestLite review discovered that despite being a new broker, it holds a trustworthy license from the International Financial services Commission. Also, it’s not short of trading experience, as its holding company, Bayline Trading Ltd., has been providing financial services since 2013.
This trustworthy broker provides you with 150+ currency pairs and 30 crypto assets, making it a better choice for forex and cryptocurrency than its competitors. The maximum offered leverage of 1:500 on forex trades also helps you maximize your profit potential.
InvestLite’s top-rated safety features, fund protection measures, and quality customer support team impressed our InvestLite review team. Its quality training courses, easy-to-use MetaTrader platforms, demo accounts, and straightforward account set-up process make it perfect for beginner traders.
InvestLite’s Background and Safety Measures
Our InvestLite broker review found that this company started operations in 2020 and has headquarters in Belize.
Despite it being a new brokerage, InvestLite has already shown how reliable it is. We know this because it has passed vigorous tests to get a license (no. 000188/91) from the International Financial Services Commission (IFSC). This is a trusted regulator and ensures you receive safe service from the broker.
Alongside this license, this broker also has solid fund protection mechanisms, including:
- Negative balance protection, which protects your leveraged positions against steep price downfalls.
- Fund insurance, which holds a compensation fund pool for emergency situations.
- Account segregation, which stores your funds in separate bank accounts.
The broker uses SSL encryption to protect the data transferred to and from its SAS-70 certified servers. They also ensure all transactions are secure by using Level 1 PCI compliance services. This impressed our InvestLite review team, as it shows the brokerage takes your trading safety seriously.
As for financial instruments you can choose to trade at InvestLite, we found 350+ CFD assets. The categories of these are:
- Currency pairs
- Cryptocurrencies
- Stocks
- Indices
- Metals
- Energies
The variety of trading instruments gives you opportunities to diversify your portfolio. However, the benefits of trading with InvestLite don’t stop there.
To start, commission levels that come with these instruments are very competitive. In fact, InvestLite doesn’t charge instrument and account-related fees or deposit and withdrawal fees. Instead, it only charges spread and swap fees, with spreads going as low as 0.03 pips.
Then there’s leverage, which goes up to 1:500. There are also two other margin steps with 1:200 for the Silver account and 1:400 for the Gold account.
However, 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.
This fee is super easy to avoid. All you need to do is open or close a position to validate your account as active. Our InvestLite broker review team agrees that the benefits of trading with this broker outweigh this avoidable inactivity fee.
- Website: www.investlite.com
- Support: +27108807931
- Leverage: 1:2
- Min. Deposit: $250
- Spreads: 0.03 pips
- MacWindowsAndroidLinux
Advantages
- 1:500 leverage
- IFSC license
- Low commissions
- Low commissions
Disadvantages
- No crypto payments
- No bonuses
Available Account Types at InvestLite
You can easily set up your own trading account with InvestLite in a matter of minutes, but which is the right option for you? There are three choices:
- Silver account – 250 USD min. deposit; 1:200 leverage; 0.07 pips on spreads.
- Gold account – 250 USD min. deposit; 1:400 leverage; 0.05 pips on spreads.
- Platinum account – 250 USD min. deposit; 1:500 leverage; 0.03 pips on spreads.
These live trading accounts have beneficial trading terms and conditions and are available as Islamic accounts. This type of account eliminate interest rate charges on trading positions to cater for Muslim traders.
Our review of InvestLite forex broker also discovered that it gives you access to a demo account loaded with $10,000 USD of virtual funds. This great tool lets you practice different trading methods without risk to hone your trading skills.
How To Make Deposits and Withdrawals
Once you’ve created a retail account with InvestLite, the next step is to deposit to fund your trading. The broker gives you plenty of payment methods to make that minimum deposit of 250 USD. These include:
- Credit/debit cards (Visa, Mastercard, Maestro)
- Wire transfer
- Emerchant pay
- VPay
- Neteller
- Skrill
- SafeCharge
- MIR Limited
- Wirecard
- DECTA
- SSL
- Orange Pay
- Payvision
- PaySafe
InvestLite imposes no commission fees on either deposits or withdrawals. This means you get the same amount of money you’ve originally deposited or withdrawn.
As for transaction times, this broker usually processes deposits instantly, whereas you need to wait up to seven working days to receive withdrawals.
Which Trading Platforms Can You Choose From?
This InvestLite review found that the broker gives you access to two versions of the award-winning MetaTrader 4 software – WebTrader and Mobile Trader – that sync together effortlessly so you can switch between them when trading. Each one offers:
- WebTrader – This is a browser version of MetaTrader 4, that features various useful tools and functionalities. These include different technical indicators, robots, research tools, charting mechanisms, trading signals, economic calendar and allows scalping.
- Mobile Trader – Mobile Trader at InvestLite is as powerful as its desktop counterpart. It lets you use the same tools as WebTrader to trade the 350+ CFD instruments on Android and iOS devices.
Educational Materials
When conducting our InvestLite broker review, our expert founds an extensive list of educational materials that can take your trading skills to the next level. These materials include:
- Interactive articles
- Videos on Demand
- E-Books
- Online courses
- Tutorials
You can access these training materials via your desktop or mobile devices for free. All the educational resiources cater for beginner and advanced traders. Also, the broker’s FAQ section answers questions on how to trade with InvestLite.
How Do You Contact the Broker?
When it comes to customer experience, InvestLite gives you quality service through three different channels:
- Email support: [email protected]
- Phone call: +27108807931
- Direct chat on the website (mobile compatible)
We conducted a review of InvestLite forex broker’s customer support team. We found that it is available Monday to Friday between 04:00AM – 02:00PM GMT and provides in-depth answers quickly. Also, the site has a great FAQ page that provide concise answers to varied questions on trading with InvestLite.
InvestLite: Our Verdict
As our review above shows, InvestLite is a trustworthy brokerage that gives you safe and professional service. Regulated by the IFSC, InvestLite offers you the chance to trade 350+ financial instruments with zero added commissions and gives you leverage of up to 1:500 on forex trades.
Our experts agree that InvestLite’s educational materials, easy-to-use platforms, and simple sign-up process make it the perfect choice if you’re a beginner looking to take your trading skills to the next level.
Frequently Asked Questions
How can I sign up to InvestLite?
Our InvestLite review found that in order to sign up, you need to go through the following process:
- Enter your personal information: full name, date of birth, and employment details
- Verify the information by uploading national ID/Passport/driver’s license and utility bill/bank statement
- Make a deposit on the account
Once verified, you are ready to use its award-winning software to trade hundreds of assets.
Is InvestLite safe?
Yes, it’s completely safe to trade with InvestLite. The broker owns a license from the International Financial Services Commission (IFSC). It also has three different fund protection mechanisms to give you peace of mind when trading any of its 350+ CFD assets.
How much money do I need to trade with InvestLite?
The minimum deposit requirement at InvestLite is 250 USD. This applies for all three live accounts – Silver, Gold, and Platinum. We always advise that you check the broker’s banking terms and conditions to make sure you choose the best account for you.
Does InvestLite charge commission fees?
The primary commission at InvestLite is a bid/ask spread, although it goes down to 0.03 pips. There are also swaps, which also receive discounts. Apart from this, InvestLite doesn’t charge you extra commission fees.
What products can I trade with InvestLite?
InvestLite lets you trade over 350+ financial instruments with all account types. These include currency pairs, cryptocurrencies, stocks, indices, metals and energies.