InvestLite Review! Is InvestLite Scam or Legit Broker(2020)
InvestLite is a forex and CFD broker that is based in the UK and operates under Bayline Trading Ltd. However, InvestLite also operates in Belize and is regulated by the Belize International Financial Services Commission (IFSC). They offer some tremendous features for the users. We have researched their offerings, and we will take you through those throughout this InvestLite review.
You will get to know all details about InvestLite, and you will be able to make your decisions if you want to start trading with them.
Having said that, let's dive into the InvestLite review.
InvestLite Review Summary
InvestLite is really new as it was founded in 2020; however, its parent company Bayline Trading was founded several years ago. They offer stocks, commodities, forex, cryptocurrencies, CFDs, and metal. These offerings are complete through the Meta Trader 4 platform, which is available on mobile, web, and desktop devices. The good thing about InvestLite is, they offer transparent and competitive trading conditions for the users.
InvestLite Operating Countries
InvestLite is available almost all over Europe. However, due to the regulations and regional restrictions, it is not available in the US, Canada. While researching for the InvestLite review, we came to know that, because of the strict regulations in America, they don't provide service to US citizens regardless of the location.
InvestLite Trading Markets
InvestLite offers 6 types of trading markets, including crypto, forex, stock, indices, commodity, and metal. Let's jump into the details of each market type.
Crypto CFD Trading
InvestLite offers more than 30 digital coins for crypto trading, which features a professional analysis tool, customizable profile, and cross-platform trading. Cryptocurrencies are gaining popularity like the forex, so, with the InvestLite CFD tool, you speculate cryptocurrencies. Besides, the advanced trading terminal for cryptocurrencies gives you responsiveness and consistency while trading.
With InvestLite forex trading, you can have access to a high liquid forex market. Moreover, flexible spread with great leverage option, you can build your own forex trading strategy. With the high tech-based platform, you can keep your focus on trading.
Trading indices has become attractive to many brokers for safety, as it is less risky than the forex. InvestLite offers you more than 20 CFDs on indices from NASDAQ 100 to the DAX. Furthermore, the widely traded international trading market will be on your hand through the InvestLite platform.
The stock market on InvestLite provides you access to the 60+ professional analytical tools for the world's leading company's share such as Apple, Netflix, Google, Tesla, Microsoft, etc. So, you will have access to the shares of more than 150 companies. We believe these trading these top companies share will boost your portfolio.
There are many commodities that can be traded via InvestLite CFDs. From the InvestLite review, we have found some highly profitable commodities that are available to trade, such as energies, agricultural raws, precious metals, etch. Besides, the favorable spreads and leverage will help you to keep the investment track of your portfolio. You will get access to the 20+ commodity assets.
If you don't want to take the risk at all, InvestLite has an option for you, which is trading on the metal market, where you can apply different strategies, including hedging or all-day trading strategies. For metal trading, you don't need to own the metal. InvestLite CFDs let you trade the metal without owning it. In the metal, the usual turnover is 600 billion USD a month, which definitely gives you the opportunity to make some profit out of it.
InvestLite Review: Platform
InvestLite will not confuse by offering many platforms; instead, they only offer on-demand Meta Trader 4 or MT4 platforms, which is popular with the traders. MT4 will give you some highly diversified features for your trading easiness.
- Desktop Trading: MT4 has software for windows and MAC operating system. You can simply download it login with your ID and password to start trading.
- Web Trading: Meta Trader 4 also offers web trading, which means you can access the platform from any browser on any computer or laptop. It is just like the desktop platform, which allows you to trade as like as the PC.
- Mobile Trading: Because of the huge demand Meta Trader 4 brought their mobile version for iPhone and Android devices. You will just need to download the app on your phone and start trading from anywhere.
Review of InvestLite Education
InvestLite takes the responsibility to educate you. They provide timely articles or newsletters to let you know the world's economic situation. Besides, they will provide you the videos, tutorials, ebooks, trading signals, etc. to enhance your trading experience as a newbie and expert trader.
Trading instruments by InvestLite
They offer more than 350 trading instruments throughout 6 different trading markets. We have mentioned those earlier.
InvestLite Review: Trading Accounts
InvestLite broker offers three trading account for the traders.
- Silver account: It offers 1:200 forex leverage along with hedging. Besides, you can trade all the major currencies.
- Gold account: Some features of a gold account are a 25% swap discount, 1:400 leverage, and a dedicated account manager.
- Platinum account: It provides all the premium benefits such as 1:500 leverage, 50% swap discount, free VPS, and all the benefits of silver and gold accounts.
If you face any problem, 24/5 customer service will be there for you. However, you can also initiate a live chat from Monday – Friday: 04:00 AM - 02:00 PM GMT for prompt support. Besides, you can also call them or send an email to contact any representative.
Deposit and Withdrawal
InvestLite provides a variety of deposit and withdrawal methods, including bank wire, online transaction, and debit/credit card. However, they may charge some fees for certain transitions. They will let you know if any transacting is subject to charge.
How to Open an Account with InvestLite?
You can open an account by filling up a short KYC (Know Your Customer) form. However, they don't offer any demo account so, you have to select your account from silver, gold, and platinum. You have to decide which account to open according to your investment. However, you should contact them to understand the account types in detail.
Despite being young at age, from this InvestLite review, we can say that InvestLite is walking in the right way with all the offerings. Besides, the regulations ensure the safety measures for your potential trading. It is sad to know that InvestLite is not available in the USA.
Europeans should take all the benefits before imposing high fees and commissions.