InvestLite Review: Is it safe to Trade with InvestLite?
Forex traders always want to diversify their investments by trading with new brokers. Sometimes the new traders turn out good and sometimes as a scam. That’s why most of the conscious traders always tend to avoid the newly introduced brokers. Although new brokers are not always bad, they are safe in most cases. But, for that, you have to check them out before starting trading. Being said that, we always provide an honest review on different brokers as well as on new brokers too. And today, we are going to provide the InvestLite review.
It is a newly introduced broker in the market, but they are providing some top-notch services to the clients, which may someday be pronounced as the best forex broker in the industry! But why? To know the answer, you have to go through the rest of the article.
After registering in 2020 under Bayline Trading Ltd, InvestLite got its regulatory memberships from Belize International Financial Services Commission (IFSC). Besides, they are an award-winning broker for transparency and cryptocurrency.
On the other hand, as a new broker, surprisingly, InvestLite managed to offer more than 350 assets through MetaTrader 4’s web, mobile, and desktop platform. The easy and quick deposit and withdrawal methods keep them ahead in the race of the top forex brokers list.
How to Open an Account on InvestLite?
When you go to their site, you will see the open account button on the top right corner. You have to click on that and put information on the next page. Your account is open now. However, you cannot trade right away. You will have to wait until someone from InvestLite verifies your account. Once you are verified, you are good to deposit money. However, when they call you to verify, they will assign you an account from Silver, Gold, and Platinum.
Accounts are assigned based on the trader’s investment. So, what does the different account signifies?
Although it is for the newbie, anyone can open a silver account. It will get you all the major currencies along with other currencies. The forex leverage you will get is 1:200 with hedging options.
Whoever has a handsome investment can go for a Gold account. The benefits you will get are a dedicated account manager to help you out, 1:400 forex leverage, and a 25% swap discount.
It is best for those who want a high return by investing a big amount. The platinum account holders will get all the features of silver and gold accounts with a 50% swap discount, 1:500 FX leverage, and free VPS.
Although accounts differ based on the investments, the minimum deposit is $250 for all InvestLite account types. As your account is approved as per your requirement, the next thing you have to do is deposit money.
InvestLite Review: Deposits fund
Now that your account is ready to trade, you can deposit money in various ways such as wire transfer, Visa, Mastercard, Neteller, and Skrill. However, you may have to wait a moment or a days to get your fund ready for your account. Again, it depends on the methods you are using to deposit the money. For example, deposits with cards will be quicker.
The next thing you will need to know is, trading your deposited fund through the InvestLite forex trading platforms, which is MetaTrader 4.
If you are a forex trader or have a minimum idea, you should know the MetaTrader 4, also known as MT4. They offer the service via three versions, which include mobile, web, and desktop apps. However, all three platforms operate the same.
Webtrader provides trading opportunities through browsers from any devices and operating systems. It provides all the trading necessities in your hand, and you can open or close a trade with one click.
MT4 has a desktop application for PC or laptops. You can download and install it on your machine and login with a designated ID. It is similar to WebTrader, including the interface.
MetaTrader 4 has apps for Android and iOS devices, which you can access with your MT4 ID and password. Moreover, you will get access to different charting tools, just like the desktop or web version.
Features of MetaTrader 4
Regardless of the accessing platform, you will definitely get the following benefits from MT4.
- Multiple charting tools with customizable trading features.
- Get the history of your trades and order types.
- Real-time balance checking.
- Switch the account with a click.
- Multilingual support.
- Access to the 350+ CFDs
- More than 60 analytical tools to take your decisions.
- Price alert notification and more.
So, you have access to the platform. Now, what should you trade on your InvestLite account?
InvestLite Review: Tradable Instruments
You can trade more than 350 instruments on different categories such as Forex, Cryptocurrencies, Stock, Indices, Commodities, and Metals. Moreover, you will get to trade them as CFDs.
When you trade these, you may have to pay some fees to Investlite.
InvestLite Review: Fees
It is natural that brokers will charge some fees to make money. However, the amount or percentage rely on the broker. InvestLite doesn’t charge any fees for deposits, whereas some brokers may change some money while you deposit.
Furthermore, InvestLite has variable spreads, so the fees are not fixed, and they may change according to the situation and transaction.
At this point, you should make the transaction and make some profit. Now, assume you have some balance from profit and want to withdraw it. So, how would you do that?
InvestLite Review: Withdrawal
Just like the deposit, withdrawal is easy too! You can withdraw the money via wire transfer or any online transaction methods. However, InvestLite will verify you again before releasing the money, and they do it for security purposes. Moreover, it may take up to seven days to release the fund.
If you face any problem while using the InvestLite, how do you solve it? For that, you will have to contact customer support.
InvestLite Customer Support
They have a dedicated customer support team, and they are speedy in their service. You may contact them via phone call, email, or live chat. However, you will not get them 24/7. Instead, they will be there to support you 24/5.
Finally, InvestLite provides education support for the users irrespective of their expertise level through video, newsletter, tutorial, eBook, etc.
We have mentioned in the beginning that InvestLite is one of the best forex brokers someday. And, after knowing all the features with the ease of access, you would agree on that too. Besides, regulations and safety attract more users every day.
So, this Forex broker reviews on InvestLite should get you a way to start trading.