Web site URL: https://investlite.com
Based: No data is given
Laws: Regulated below Belize IFSC
Languages: English, Espanol, Portuguese and, Thai
Deposit Strategies: Credit score/Debit playing cards (grasp and visa), Wire Switch, Skrill, Neteller, VPay,
Minimal Deposit: No data is given
Free Demo Account: No data is given
Variety of Property: 350+ asset CFDs
Varieties of Property: Cryptocurrencies, Foreign exchange, Indices, Shares, Commodities, and Metals
Buying and selling Accounts and Situations:
The InvestLite has solely supplied data on the spreads and leverage situations of accounts whereas it has not supplied any data on the minimal deposit quantity for every of those accounts.
The InvestLite is providing its clients three sorts of accounts:
- Silver Account: The spreads are from 2.2 pips, and leverage is 1:200. This account doesn’t supply a swap low cost.
- Gold Account: The spreads are from 1.3 pips, and leverage is 1:400. This account presents a swap low cost of 25%.
- Platinum Account: The spreads are from 0.7 pips, and leverage is 1:500. This account presents a swap low cost of fifty%.
InvestLite – Benefits:
InvestLite is providing no buying and selling rewards, incentives, or bonuses to its clients in the intervening time.
InvestLite – Disadvantages:
Security of Funds Not Assured
On account of dangers concerned in foreign currency trading, the volatility of buying and selling markets, the growing variety of scammers, and to ensure the security of buyer funds, completely different regulatory our bodies have been created to make completely different insurance policies everywhere in the world.
EU is taken into account to be the most secure buying and selling surroundings for foreign exchange clients as a result of they’ve completely different cash safety schemes. As an example, the IFC in Cyprus and FSCS within the UK supply insurance coverage grants for the deposits of the merchants. This implies, in case any foreign exchange dealer faces difficulties of their monetary obligations, they’re liable to pay 20,000 EUR in compensation below CySEC in Cyprus or 85000 GBP below FCA within the UK.
Alternatively, within the case of Belize, the IFSC has imposed just a few buyer cash safety schemes. These embrace sending month-to-month statements to their consumer merchants, submitting month-to-month buying and selling experiences, and maintaining the consumer’s funds in segregated accounts. Furthermore, foreign exchange brokers below this regulatory board are required to have a minimal capital of $500,000 to safe a license below IFSC.
So, if we speak about buyer safety and security of funds, though Belize has improved a lot prior to now years, nonetheless it could possibly’t be in contrast with the UK and EU. It isn’t a powerful regulatory dealer.
Plus500 is a FTSE 250 listed brokerage offering on-line buying and selling providers in CFDs, throughout 2,000+ securities and a number of asset lessons.
The corporate was created as a mixed effort of economic professionals and specialists in web-commerce with the aim of perfecting the web expertise for retail merchants.
The InvestLite is providing the leverage of 1:500 of their platinum account kind and 1:200 of their silver account kind. These are the leverages that aren’t advisable particularly within the case of recent merchants with little or no expertise in buying and selling. Excessive leverage ranges trigger greater losses, this is the reason European regulatory authorities contemplate excessive leverage ranges as playing as a substitute of calling it a commerce. So, buying and selling with excessive leverages is just too dangerous. Along with this, the brokers providing excessive leverage to draw extra victims are largely scammers.
Deposit/Withdraw Strategies and Charges
The InvestLite is providing its clients three sorts of accounts: silver, gold, and platinum. The InvestLite has solely talked about the spreads and leverage situations of accounts whereas it has not supplied any data on the minimal deposit quantity for every of those accounts. As well as, they haven’t talked about the deposit payment and minimal withdrawal quantity. It is a unfavourable facet of InvestLite as a result of a great foreign exchange dealer has to make clear such essential particulars for his or her purchasers.
Unfair Dormant Account Coverage
In keeping with InvestLite’s dormant account coverage, in case of inactivity of account they are going to cost 160 EUR or equal to buyer’s foreign money if an inactivity interval is over 61 days. Likewise, in case of an inactivity interval of greater than 91 days and 121 days, InvestLite will cost 120 EUR or equal buyer’s foreign money. Whereas within the case of 331 days or extra, they are going to cost 500 EUR or equal buyer’s foreign money. That is essentially the most unfair factor that InvestLite is doing. Even the non-legit scammers don’t cost such a excessive payment. There are such brokers as effectively who don’t cost even a single penny for reactivating the dormant account after a very long time interval. A buyer simply has to make a name to the customer support to reactivate their buying and selling account.
This dealer claims to course of all of the withdrawal requests inside seven enterprise days whereas different genuine reputable brokers course of it throughout the day the request was submitted. It is a shady factor about InvestLite’s providers.
No Correct Buying and selling Platform
The InvestLite is providing a Webtrader platform to its clients for buying and selling which is a web-based buying and selling platform that doesn’t possess most options of Metatrader4 like knowledgeable advisers.
Unprotected Deposit Methodology
The InvestLite receives deposits from credit score/debit playing cards and thru wire switch. The unhealthy factor is that every one the wire switch deposit transactions are the ultimate transactions. It means when you deposited your cash, it could possibly’t be revered again.
InvestLite is owned by Bayline Buying and selling Restricted whereas it’s operated by Bayline international world restricted which is a registered enterprise within the UK. Though FCA doesn’t authorize this enterprise, nonetheless, it is not going to trigger any drawback till InvestLite sells their foreign currency trading services and products throughout the areas of the UK and EU.
So, InvestLite is an genuine and legit offshore dealer having license below the Belize IFSC authority. Nonetheless, we nonetheless don’t suggest buying and selling with InvestLite contemplating the aforementioned disadvantages. It’s higher to decide on CySEC or FCA-regulated foreign exchange brokers as a result of Belize foreign exchange brokers lack buyer safety particularly when there may be excessive volatility within the markets and with excessive leverage ranges the place clients find yourself dropping all their funds.
Due to this fact, for those who select to commerce with InvestLite, your funds will not be protected as a result of it’s not a powerful regulatory dealer.