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WikiFX Review: Can InvestLite make your money safe?
Abstract：Forex trading is one of the most beneficial businesses in the market. It is also fairly risky if you choose the wrong broker to invest in. InvestLite is an online forex broker offering a series of financial instruments across the globe. Many people are wondering if this broker can make clients’ money safe. In today’s article, we will explore the truth about this broker.
About InvestLite
Founded in 2020, InvestLite is an online forex broker operated by Bayline Global World Ltd. It offers a variety of financial instruments, such as forex, commodities, stocks, indices, metals, cryptocurrencies and CFDs.
Account Types & Minimum Deposit
This broker provides clients with three different types of accounts: Gold, Platinum, Silver.
The minimum deposit required by the broker is $250.
Leverage
The leverage for retail clients is capped at 1:30. Those who qualify as professional clients can request leverage of up to 1:500.
Spreads & Commissions
InvestLite claims that it offers tight spreads, but it does not specify spreads on particular on the website, even some currency pairs.
Trading Platform
This broker uses a web platform called InvestLite WebTrader. It runs directly in web browsers without any additional installations or downloads required. Besides, a mobile trading App is also provided.
Deposit & Withdrawal
Traders can use a variety of methods for depositing and withdrawing funds from the account.
This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Some fees may be charged when using certain payment methods.
Customer Service
InvestLite has a support team that works 24/5. You can reach customer service representatives by using either a phone, live chat, or email address.
For more information about this broker, please check the article via this link
https://www.wikifx.com/en/newsdetail/202112159714549638.html
Regulation: Is InvestLite legit？
As far as we know, InvestLite is not subject to any regulation. We cannot consider InvestLite a regulated broker. WikiFX has given this broker a fairly low rating of 1.34/10.
Exposure
This trader from Philippines complains that he lost all his funds after 8 months of trading with InvestLite.
Conclusion
WikiFX does not recommend traders to invest in InvestLite since it is an unregulated broker with a very low rating. WikiFX suggests you to seek a better alternative. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find the most trusted broker for yourself.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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