InvestLite review 2023
InvestLite review Summary
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InvestLite was designed to meet the needs of both beginner and professional traders, with dozens of features and over 350 CFDs available to trade. Keep reading to find out if InvestLite is the right broker for you.
What can I do with InvestLite?
Launched earlier in 2020, InvestLite is one of the newer CFD brokers to hit the market. It offers a wide variety of over 350 CFDs for trading, across forex, stocks, commodities, indices, metals, and cryptocurrencies.
InvestLite has its own Webtrader platform which can be easily accessed through a browser to manage your trades. Additionally, the CFD specialty broker offers the popular MetaTrader 4 trading platform with all of its built-in features and tools. The MT4 platform is available both through browsers or via a mobile app for both iOS and Android devices.
InvestLite markets, assets, and options
What assets and products can you trade on InvestLite?
The platform allows you to trade over 350 CFDs across six major asset classes, including top cryptocurrencies such as Bitcoin and Ethereum and leading stocks like Apple and Tesla – among many others. Here’s a summary of InvestLite’s CFD offering.
| Product | Offering |
|---|---|
| Cryptocurrencies | 30 |
| Forex | 7 |
| Stocks | 280 |
| Commodities | 20 |
| Metals | 7 |
| Indices | 6 |
Can I trade with leverage on InvestLite?
Yes, InvestLite allows maximum leverage of 1:500 for Forex CFDs, although this is available to Platinum clients only. The maximum leverage offered for metals is 1:125, and for stocks it is 1:10, depending on the type of account you choose to open. The leverage and margins available are listed below.
Please note that trading with leverage entails additional risk and you should only do so if you have some prior trading experience.
| Product | Maximum leverage | Margin |
|---|---|---|
| Forex | 1:500 | 0.2% |
| Metals | 1:125 | 0.8% |
| Indices | 1:125 | 0.8% |
| Commodities | 1:125 | 0.8% |
| Stocks | 1:10 | 10% |
| Cryptocurrency | 1:2 | 50% |
What are the spreads?
Depending on the type of account you choose and the pair you’re willing to trade, spreads can be as low as 0.03 pips for crude oil and go up to 1.3 pips for the GBP/USD pair.
Such variable spreads instead of fixed fees are very standard in the industry and InvestLite’s compare fairly well against others. Here’s a full breakdown of the spreads you can expect.
| Product | Average spread | Fixed or variable? |
|---|---|---|
| Forex | 1.30 pips | Variable |
| Metals | 0.80 pips | Variable |
| Commodities | 3 pips | Variable |
| Indices | 1.30 pips | Variable |
| Stocks | 0.21 pips | Variable |
| Cryptocurrency | Floating | Variable |
Fees, limits, and payment options on InvestLite
What are the deposit and withdrawal fees, limits, and speeds?
One downside of InvestLite is that all payment fees are not visible unless you open an account and we reckon this type of information should always be stated upfront.
There are various methods to fund your account, from credit/debit cards to wire transfer, to e-wallets such as Skrill and Neteller.
| Payment method | Deposit | Withdraw |
|---|---|---|
| Debit/Credit Card – min/max – fees – speed | Yes $250/none None Instant | Yes None/none None 2-7 days |
| Wire Transfer – min/max – fees – speed | Yes $250/none $30 2-3 business days | Yes None $15 4-5 business days |
| Skrill – min/max – fees – speed | Yes $250/none 1% Instant | Yes $100/none $6 Instant |
| Neteller – min/max – fees – speed | Yes $250/none 2.5% Instant | Yes $100/none 1.45% minimum Instant |
How much are InvestLite’s fees and commissions?
InvestLite earns profits through spreads only and doesn’t charge any fixed fees. The platform’s dormant account policy (inactivity fee) for not trading for more than 60 days is probably among the highest you will meet when it comes to online trading platforms and exchanges. We’re not exactly sure how the fee is tabulated, but after 61 days of inactivity, you will be charged 160 EUR. Over 91 days of inactivity will require you to pay a fee of 120 EUR.
Here’s a breakdown of the fees and commissions changed.
| Fee type | Fee amount | Commission |
|---|---|---|
| Forex | – | 1.30 pip spread |
| Metals | – | 0.80 pips |
| Commodities | – | 3 pips |
| Stocks | – | 0.21 pips |
| Indices | – | 1.30 pips |
| Cryptocurrency | – | Floating spread |
| Inactivity fee | €160 after 61 days €120 after 91 days | – |
InvestLite trade sizes and limits
Trading limits on InvestLite differ depending on the type of account you wish to open: Silver, Gold, or Platinum. TYrade sizes start at 0.01 lots regardless of the asset you trade, however.
| Product | Minimum trade | Maximum trade |
|---|---|---|
| Forex | 0.01 lot | Variable depending on account type |
| Metals | 0.01 lot | Variable depending on account type |
| Commodities | 0.01 lot | Variable depending on account type |
| Stocks | 0.01 lot | Variable depending on account type |
| Indices | 0.01 lot | Variable depending on account type |
| Cryptocurrency | 0.01 lot | Variable depending on account type |
InvestLite trading platform
What devices can I use InvestLite on?
InvestLite’s Webtrader platform is available through the company’s website, and users can also access the MetaTrader 4 trading platform. This means you can access the platform on:
- PC and laptop computers
- Tablets
- iOS Mobile Devices
- Android Mobile Devices
Can I use InvestLite in my country?
InvestLite is available across the world, with the exception of a few countries in which it is not regulated, such as the USA and Canada. Select your country from the list below to see if InvestLite is available where you are.
Is InvestLite available in my language?
Currently, support is provided in 5 languages: English, Spanish, Portuguese, Arabic, and Vietnamese.
How easy is it to use InvestLite?
InvestLite offers integration with the most popular trading platforms, MetaTrader 4 (MT4), and WebTrader. Both platforms feature a user-friendly interface and are easy to use. InvestLite provides several personalised account types for which to choose, with Gold and Platinum account types designed to meet the requirements of more intermediate and professional traders – while beginners can use a simplified Silver version which still retains many intuitive functions.
MT4 is also available to download on mobile devices and tablets, which means you can take your trading with you anywhere you go. The more condensed mobile versions maintain the feel of a singular market experience no matter what device you are using and there is also an Islamic account option for those that want it.
Key features
Even though InvestLite is rather new on the market, it offers a wide array of trading options and is suitable for both beginners and professionals. Here are three of the platform’s key features:
Automatic Stop-Loss/Take Profit Functions
InvestLite enables you to set up your trades with trade triggers that will stop you out of a losing trade, and also lock-in your profits on winning trades.
Trade Analytics
The MT4 trading platform comes equipped with more than 30 technical indicators, 24 graphic objects, and multiple chart timeframes for you to study, setup, and develop your trading strategy.
Live Chat Support
InvestLite is a user-oriented exchange and provides high-quality customer support services. Live chat is available on the website, as well as built into its trading platform to receive quick answers to your inquiries.
Security and regulation
Is InvestLite safe?
InvestLite has a state-of-the-art safety system through sophisticated firewalls and Secure Sockets Layer (SSL) encryption to protect data transmitted to and from its servers. In addition, all trading servers are working from SAS 70 certified server centers to ensure the maximum safety of your data and transactions.
Am I and my cryptocurrency protected?
InvestLite is registered in Belize with the Belize International Financial Services Commission (IFSC), which requires regulated brokers to maintain a minimum capital of $500,000 at all times, while also keeping client funds in segregated accounts and apart from the company’s own funds.
Is InvestLite regulated?
Yes, the platform holds a license to operate as a Forex broker from Belize’s International Finance Services Commission (FSC).
Do I have to verify my account with InvestLite?
Yes, InvestLite runs a Know Your Client (KYC) policy and requires valid information such as a primary photo ID as well as a secondary ID with your current residential address in order to allow trades.
Extra information
Educational resources
InvestLite offers a comprehensive education section for traders of all levels. These include tutorials such as how to use the demo account, a video-on-demand sub-section, ebooks, and full trading courses. You can access them all for free from the main page of the website.
Tools and charting
Since InvestLite offers support for the MT4 trading platform, clients will have access to sophisticated features such as expert advisors, automated trades, trading bots, and a marketplace where you buy or use for free a series of advanced trading indicators and tools.
Customer support
You have access to 24/5 support via live chat and ticket requests directly on the website. You can also contact the InvestLite support team via phone Monday-Friday between 7am and 5pm GMT.
Our verdict
InvestLite launched in early 2020 and is a dedicated platform for professional and new traders alike. It offers over 350 CFDs across 6 asset classes, including forex, stocks, indices, commodities, metals, and even cryptocurrencies. Spreads are some of the smallest in the industry, while leverage can go up to 1:500 for those with a Platinum account.
All in all, InvestLite offers a good trading experience with its integrated MetaTrader 4 trading platform, which is among the most recognised on the market today and a rich library of educational resources such as trading courses, videos, and articles to help you get started or refresh your knowledge.
Although deposits and withdrawals are free, InvestLite does require a minimum deposit of $250 and an inactivity fee of 160 EUR after 60 days, which is the highest that we have seen as far as inactivity fees go. If you’re going to sign up to InvestLite, make sure you use your account.
How to open an account with InvestLite
- Click on the Open Account button in the header bar of the homepage
- Register your personal details, such as name, email, phone number and certify that you are over the age of 18 before clicking on the “Create an Account” button
- Upload your valid ID documents – Primary photo ID, secondary ID with a residential address such as a utility bill
- Make your initial deposit of at least $250 and start trading
FAQs
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