Over 170 forex pairs
Vast educational resources
Refer a Friend scheme
- Website: www.investlite.com
- Phone Number: +442080972824
- Email: [email protected]
- Headquarters: 5 Cork Street, Belize City, Belize / 69 Brunswick Street, Edinburgh, United Kingdom
Despite being new on the market, our InvestLite review team discovered this online broker has a strong reputation. Fully licensed by the IFSC, InvestLite uses years of experience from its parent company to ensure your trading safety.
Why is this the best broker for forex and cryptocurrency trading? InvestLite offers you over 150 currency pairs and 30 crypto assets, giving you more opportunities than many of its competitors. Its in-depth training courses cater to different learning styles, making it one of the best brokers for beginners.
The broker also gives you access to the award-winning platform, MetaTrader. Its indicators, trading signals, and other insightful resources help you make savvy investments. Continue reading our review of InvestLite to find out what other benefits you can gain.
Discover a new broker from an experienced parent company
Our InvestLite broker review team discovered the company started in 2020. However, its parent companies, Bayline Trading Ltd. and Bayline Global World Ltd, have over seven years of market experience.
With headquarters in the UK and Belize, the parent companies have weathered a range of market conditions to develop a strong, trustworthy reputation amongst forex traders.
You can trade forex, cryptocurrencies, commodities, metals, indices, and stocks with InvestLite, all of which are CFD products. This allows you to take advantage of leverage and long and short positions.
Trade safely with regulation by IFSC
InvestLite operates under regulation from the International Financial Services Commission of Belize (IFSC) via its parent company, Bayline Trading Ltd. (license no. 000188/91 and registered company no. 136374).
As part of its regulation and general safety measures, the InvestLite online forex broker maintains segregated client accounts. They frequently monitor these accounts to ensure they comply with the European Union’s financial regulations.
InvestLite also has a negative balance plan to prevent devastating losses, and an investor compensation fund that compensates you if the broker cannot fulfill its financial obligations.
The brokerage maintains a secure connection using SSL encryption and firewalls. These measures protect the data transferred to or from its SAS-70 certified servers. Alongside this, the broker uses Level 1 PCI compliance services to moderate all transactions.
Choose an account that’s right for you
Our reviewers found InvestLite offers you a range of account types, with three retail options to choose from.
- Silver accounts offer you leverage of up to 1:200, EUR/USD spreads from 2.2, and other spreads from 0.07. They also allow hedging.
- Gold accounts increase your leverage up to 1:400, add support for fifth decimal trading, and provide you with a dedicated account manager. EUR/USD spreads start at 1.3 pips, and overall spreads start at 0.05. You’ll also receive a 25% discount on swap fees.
- Platinum accounts give you leverage up to 1:500, 50% swap discount, customized investment news, and a free VPS. EUR/USD spreads are from 0.7, and overall spreads are from 0.03.
- All three account types are also available as swap-free Islamic accounts.
Upon registering, you receive a demo account with $10,000 USD of virtual funds. This is initially active for seven days, although you can contact customer service for extended access. Our expert reviewers found this makes InvestLite a great choice if you want to practice trading or test new strategies.
Pros and cons
- Access to 350+ instruments
- Excellent educational materials
- Industry-leading platform and mobile app
- IFSC license holder
- Fund protection measures
- Doesn’t accept clients from the US or Canada
- No negative balance protection
Benefit from competitive spreads with no commissions
Our InvestLite reviewers discovered the broker only charges spread and swap fees. You needn’t pay commissions, no matter what instrument you trade. The spread fees on Silver accounts are about average, yet we found the Gold and Platinum accounts to be very competitive.
At InvestLite, you’ll benefit from tighter pricing and avoid requotes as all spreads are variable. Some examples of minimum spreads include:
- EUR/USD from 0.7
- GBP/USD from 1.3
- DAX 30 from 1
- Euro Stox 50 from 1.3
- Stock CFDs from 0.21
- Crude Oil from 0.03
- XAG/USD and XAU/USD from 60 points
You can view the overnight or financing rates for an instrument before placing your trade. These fees are highly competitive, especially as the broker provides discounts for Gold and Platinum accounts.
Our expert review team recommend you keep the inactivity fee in mind. This begins after 61 days of inactivity and initially costs €160. After that, there is a monthly inactivity fee of €120 after 91 days, €200 euros after 181 days, and €500 after 271 days.
Although this is an expensive fee, it is incredibly easy to avoid. We don’t consider this a major downside to trading with InvestLite, as you only need to open or close a position to validate your account as active. Given the reasonable trading volume requirements, doing so isn’t a huge commitment.
Fund your InvestLite trading account with ease
Our InvestLite review team tested all payment methods for both deposits and withdrawals and found the process to be straightforward. You can fund your trading account via credit and debit cards or use e-wallets, such as Neteller, Skrill, SafeCharge, Wirecard, and Trustly. The broker also accepts wire transfers.
InvestLite does not charge you deposit fees, and withdrawals are free too. However, if you request a withdrawal before placing over one trade, you may have to pay a €50 fee.
The broker processes deposits within a few minutes, whereas withdrawals take around seven days to process.
Use MetaTrader tools and robots
Trading with InvestLite gives you access to two familiar and award-winning MetaTrader platforms, WebTrader and MT4 Mobile.
If you are a desktop trader, you will enjoy the intuitive design of the WebTrader platform. If you prefer to trade using your mobile or table, we suggest you download the MT4 app. This is fully compatible with Android and iOS software.
Both platforms offer one-click/tap trading and full access to your account history and balance level. They feature multiple trade types, take profit and stop-loss functions, and live support. You also benefit from:
- 30 technical indicators
- 24 analytical objects
- 7 time frames
- Push notifications for market news
Besides the built-in features, the InvestLite online broker gives you access to trading signals. This is perfect for both beginner and experienced traders, who want to identify new trading opportunities.
The platforms also support expert advisors. Platinum account holders receive free VPS hosting too, which is great for making the most of your EAs.
Mobile compatibility on the website and app
The InvestLite forex broker website is fully compatible with smartphone browsers. You can register, trade, deposit, and view educational materials whilst on-the-go.
InvestLite makes mobile trading easy with cross-platform functionality. You can start trading with WebTrader on your computer and pick up exactly where you left off on your smartphone.
Boost your trading knowledge with educational resources
The InvestLite online forex broker website offers you a varied selection of educational materials to hone your skills. If you learn best by doing, take advantage of the free demo account to practice trading without risk.
If you prefer learning by reading, check out InvestLite’s articles and e-books. The Articles Portal is constantly growing and covers topics such as trading with leverage, trading cryptocurrency, margin trading, and trading stocks.
You can access more written content in the e-books section. There are nine titles, covering global trading, capital management, market analysis, and trading psychology. Find the right e-book for you depending on your experience level.
Our reviewers also recommend InvestLite’s video tutorials. They give you expert insights and advice on topics such as trading as an art, emotional trading, chance and risk, distributing risks, and currency pairs. InvestLite also provides platform tutorial videos, so you can start trading without a hitch.
Customer support via live chat, phone, or email
If you have questions, InvestLite online broker offers multiple customer service channels. You can contact the team via:
- Email: [email protected],
- Phone: +442080972824
- Live chat
If you open a Gold or Platinum account, you’ll also receive a personal account manager.
Our experts contacted support on various occasions and found each agent to be professional and helpful. However, the availability of support disappointed our InvestLite reviewers. You can only contact the broker between 4AM and 2PM GMT, which could be inconvenient.
Our verdict: Trade confidently with InvestLite
After conducting this review of the InvestLite forex broker, our experts highly recommend registering for an account. Regulation by IFSC and various security measures provide you with peace of mind when trading.
The award-winning platforms are intuitive to use, and you can access a wide range of instruments and competitive spreads. Overall, this makes InvestLite suitable for all skill levels and gives you plenty of diversification opportunities.
Is InvestLite licensed?
Yes, our review found that InvestLite holds a license from the International Financial Services Commission of Belize (IFSC) via its parent company, Bayline Trading Ltd. (license no. 000188/91 and registered company no. 136374). The regulatory body imposes strict regulations to ensure your trading safety.
What account types does InvestLite offer?
InvestLite offers Silver, Gold, and Platinum accounts, each of which are available as swap-free Islamic accounts. Each option gives you access to MetaTrader4’s mobile and desktop trading platforms, insightful training materials, a free demo account loaded with $100,000 of virtual funds, and more.
Does InvestLite offer bonus promotions?
InvestLite is currently not offering bonus promotions. Instead, this reputable forex broker concentrates on offering you low spreads, top-rated services and fair pricing all year round.
What is InvestLite’s minimum deposit?
The minimum InvestLite deposit is just $250. This amount increases depending on the account type. Our experts recommend you start trading with a Silver account to see if it’s the right forex broker for you. This option gives you leverage of up to 1:200, EUR/USD spreads from 2.2, and other spreads from 0.07.
Is InvestLite secure?
Yes, InvestLite makes all transactions secure by using encryption, SSL protection, firewalls, and other security measures. The IFSC frequently monitors the broker’s activity to ensure it is adhering to regulations. Also, its Financial Commission membership guarantees there is a generous compensation package in place if it can’t meet financial obligations.