Pro Lite Trade

Pro Lite Trade Information

Pro Lite Trade is a brokerage company operates in Canada and Mauritius. The company started its business since 2023 and offers trading services in forex, commodities, cryptos, indices and CFDs. The company offers demo account for practicing and 5 tiered accounts for the different needs of a wide range of customer groups. Initial capital starts from $200, relatively high comparing to reputable brokers. The platform it offers called “Vertex”, which is available on multiple devices.

However, it should not be neglected that the broker currently operates without regulation from any authorities.

Pros and Cons

Is Pro Lite Trade Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on Pro Lite Trade?

Pro Lite Trade claims to offer over 300 instruments for traders, these include forex, commodities, stocks & indices and cryptos.

Forex- investors usually make profit or loss through price fluctuations of different currency pairs. Pro Lite Trade offers trading in more than 50 currency pairs, including the most popular EURUSD, AUDUSD, etc.

Stock & Indices allow investors to trade on the performance of a group of stocks representing a market segment or economy. Available products with Pro Lite Trade include AUS200, GER30, JAP225, etc.

Commodities- Pro Lite Trade's offering include energy product like oil and metals such as glod, aluminium, copper, etc.

Cryptocurrency- Pro Lite Trade provides digital currency pairs such as BTCUSD, ETHBTC, ETHUSD, etc.

One of the key principles of investing is never putting all eggs in one basket. Scatter your funds into several products to dilute risks and potential losses.

Account Type

Except for a demo account which enable traders to get familiar to the platform first in risk-free environment, Pro Lite Trade also offers 5 tiered live accounts, all with commission-free structure.

Minimum starting capital is $200 forStandard account, ascending to a minimum of $10000 for Exclusive account. But the higher rank of the account, the tighter spread will be: 1 pip for Exclusive account to 5 pips for Standard account.

Leverage is up to 1:500 across all account types, which should always suggested to be used cautiously due to the magnified risks and losses along with potential gains.

Though minimum deposit is relatively high comparing to reputable brokers, the zero commission structure is quite competitive among industry since it reduces trading costs significantly for customers.

Anyway, investors should make decent investment plans and strategies, start from the low rank of accounts with smaller capital first until they are experienced enough for higher ranks of accounts.

Trading Platform

VertexFX - the trading platform offered by Pro Lite Trade, though not as popular and recognized as Meta Trader platforms, is also an advanced choice. It is available on web and compatible with Windows, iOS, Android and MacOS system.

It features a user-friendly interface with one-click trading screen and readymade operation panel, built-in technical analysis indicators and charting options etc. You can simplify your trading experience with this platform.

Deposit & Withdrawal

Fundint with Pro Lite Trade can only made through bank transfers and cryptos. The minimum deposit amount is USD 200 and the minimum withdrawal is USD 20. Processing time is 2 banking days for bank transfer and instant for payment by cryptos.

Negative Pro Lite Trade Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there's one Pro Lite Trade exposure on WikiFX, details as below:

Exposure 1. Withdrawal issue

An investor from Indonesia reported that the broker lured them to open an account with them to retrieve salary for referral bonus from their sales representative. But the referral task is endless and the investor never got to withdraw the balance from his account even the deposit amount reached a total of Rp 312 million.

Customer Support Options

If you want any help or support from Pro Lite Trade, you can reach them through phone, email or visit them in person in their Canada and Mauritius offices.

In addition to the above, you can also submit a contact ticket on their website and wait for callback or email from a representative.

The Bottom Line

Pro Lite Trade is a global brokerage which offers a wide range of market instruments for investors. The demo account and tiered accounts favor clients at some level. Economic calendar allows investors to keep up with market updates. But its drawbacks overwhelm the benefits.

The absence of regulation irritates those who are risk-sensitive and insufficient industry experience impair reliability. Worst of all, there's negative feedback on WikiFX about possible inappropriate propaganda. Though no evidence shows that the broker is a scam, investors should still undertake full investigation and weigh the pros and cons before they step into actual trading with the broker. Choosing other reputable brokers instead can be a better choice.

FAQs

Is Pro Lite Trade safe?

Not really, the broker is quite new in the industry and operates without valid regulation, which brings risks for investors about compliance for industry standards.

Is Pro Lite Trade good for beginners?

No, though demo account is available for testing and practicing, the broker is not suitable for beginners due to a high minimum deposit from $200.

What trading platform does Pro Lite Trade have?

Pro Lite Trade offers a trading platform called Vertex, available on web, PC and mobile devices.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.