RECOMMENDED FOREX BROKERS
InvestLite is not unique in any way and falls into the many cliches of the forex industry. However, that is not a bad thing. InvestLite offers solid trading conditions and a regulation from an up-an-coming license issuer. In reality, this is all you need to star trading with a broker. Read the review for more details.
The company has two subsidiaries. Bayline Global World LTd which is located in Edinburg, Scotland, UK, is in charge of processing payments. The main subsidiary, and the one that functions as a broker, is Bayline Trading Ltd or henceforth referred to as InvestLite. Bayline Trading Ltd, or InvestLite, is located in Belize and regulated by the local International Financial Services Commission.
The International Financial Services Commission has done much in recent times to make Belize an attractive country for legitimate forex businesses. However, the commission has still a long road to go to reach the likes of the FCA or CySEC. Nevertheless, the overseer has some serious demanding guidelines for all those that wish to be regulated there: a minimum capital of $500 000; segregated user account away from the broker’s ones; monthly trading reports and statements. With this pace in a couple of years, Belize will be one of the most attractive locations for FX investors and broker outside Europe and the US.
To register an account one must verify his or her details, and this is a very good sign. When brokers apply this technique, they are basically filtering all the dishonest traders. Yet, this blocks us from accessing a trading software and a user area where all accurate trading conditions are revealed. Not to mention that payment details will also be taken from the website. Don’t think that we did not try to locate a demo account; it turns out that InvestLite has no demo account possibilities.
The website reveals that users can buy/sell forex currency pairs, cryptocurrencies, indices, stocks, and commodities. The EUR/USD can go as low as 0.7 pips, which is a very good value for all users. The broker is technically offshore, meaning that it can offer high leverages. And it does, up to 1:500.
The website can be translated into English, Portuguese, and Thai.
Considering that the broker is regulated, we trust it with the information that it offers an MT4. The Platform subsection also mentions a web trading office but does not clarify whether it is talking of an MT4 browser-based terminal or something completely different.
The MT4a has proven its ability hundreds of times so we will be brief. This trading terminal is at the top of its game, and will open a whole new world of trading opportunities!
Seeing that we could not register, we couldn’t get a look at the MT4.
INVESTLITE MINIMUM DEPOSIT
There is no minimum deposit revealed, which can be a bummer for those users that are on a budget yet still looking to invest. Usually, the most common minimum deposit is $250.
If we trust the legal documents deposits can be made tough credit cards, debit cards, and wire transfer
There are no depositing fees by InvestLite. The banking or card institutions are the ones that can issue commissions here.
INVESTLITE WITHDRAWAL METHODS AND FEES
There is no minimum withdrawal amount reveal either.
Withdrawals should be available through credit cards, debit cards, and wire transfer, according to the legal provisions.
Withdrawal requests are processed within 7 business days. This is the maximum time it takes.
The only withdrawal fee charged by the broker is one that has to do with inactivity. Namely, if a user issues a withdrawal request on an account that has seen only one or zero trading positions, then a fee of €50 will be applied. All other fees are issue by the respective payment systems.
InvestLite is a very decent brokerage that will give you fair trading grounds. We recommend it!