WikiFX Review: Can InvestLite make your money safe?

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.