Pro Lite Trade

WikiFX | 2024-11-04 17:44

abstrak：Pro Lite Trade, founded in 2023, is a new brokerage registered in Canada. The trading instruments it provides cover Forex, Commodities, Indices, Cryptocurrencies, Shares and so on. The company provides demo account for practicing and 5 tiered accounts for the different needs of customer groups. But it is currently unregulated and lacks security.

Pro Lite TradeReview Summary
Founded	2023
Registered Country/Region	Canada
Regulation	No regulation
Market Instruments	Forex, Commodites, Indices, Cryptocurrencies, Shares
Demo Account	✔
Leverage	Up to 1:500
Spread	1 pips
Trading Platform	VertexFX
Min Deposit	$200
Customer Support	Phone: +19254938137
	Email: support@prolite-trade.com
	Physical Address:Bell Tower, 10104, 202 103 Ave NW, Edmonton, AB T5J 0H8, Canada.Ground floor, the catalyst, silicon avenue, 40 cybercity, Mauritius.

Pro Lite Trade Information

Pro Lite Trade, founded in 2023, is a new brokerage registered in Canada. The trading instruments it provides cover Forex, Commodities, Indices, Cryptocurrencies, Shares and so on. The company provides demo account for practicing and 5 tiered accounts for the different needs of customer groups. But it is currently unregulated and lacks security.

Pros and Cons

Pros	Cons
Demo accounts and Tiered accounts	No regulation
Economic calendar available	Negative review from clients
Commission-free	High minimum deposit
	No MT4/5 trading platform

Is Pro Lite Trade Legit?

It is clear that Pro Lite Trade, which was registered in 2023 and is currently unregulated, is new and insecure.

What Can I Trade on Pro Lite Trade?

Pro Lite Trade offers traders the opportunity to trade Forex, Commodites, Indices, Cryptocurrencies and Shares.

Tradable Instruments	Supported
Stocks	✔
Precious metals & Commodities	✔
Indices	✔
Cryptocurrencies	✔
Options	❌
Futures	❌
Derivatives	❌
Structured Products	❌
CFDS	❌
Bonds	❌
Funds	❌
ETFs	❌

Account Types

Pro Lite Trade offers a demo account, Pro Lite Trade also offers 5 tiered live accounts, all with commission-free structure.

The minimum initial capital for a standard account is $200, and the minimum initial capital for a exclusive account is $10000. But the higher the ranking of accounts, the smaller the spread: 1 point for exclusive accounts and 5 points for standard accounts.

Leverage is up to 1:500 across all account types, which should always suggested to be used cautiously due to the magnified risks and losses along with potential gains.

Account Types	Standard	Silver	Premium	VIP	Exclusive
Minimum opening balance	$200	$1,000	$2,500	$5,000	$10,000
Spread	from 5 pips	from 4 pips	from 3 pips	from 2 pips	from 1 pips
Leverage	1:500	1:500	1:500	1:500	1:500

Trading Fees

The tighter spread will be: 1 pips for Exclusive account to 5 pips for Standard account. And there is no mention of commission on the website of this company.

Trading Platform

Pro Lite Trade's trading platform is VertexFX , which offered by Pro Lite Trade. It is available on web and compatible with Windows, iOS, Android and MacOS system.

Deposit and Withdrawal

Fundint and Pro Lite Trade can only be conducted through bank transfers and cryptocurrency. The minimum deposit amount is $200 and the minimum withdrawal amount is $20. The processing time for bank transfers is 2 banking days, and the processing time for cryptocurrency payments is instant.