Lite
एब्स्ट्रैक्ट：Lite, an unregulated broker based in the United Kingdom, offers trading on forex and CFDs on ommodities, stocks, and cryptocurrencies via a web trader. The minimum deposit requirement to open a live account is as high as $250.
Note: Lite's official website: https://lite-options.com/ is currently inaccessible normal.
| LiteReview Summary | |
| Founded | / |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, CFDs on Stocks, Commodities, Cryptocurrencies |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Web Trader |
| Min Deposit | $250 |
| Customer Support | Phone: +4 474 18328 074 |
Lite, an unregulated broker based in the United Kingdom, offers trading on forex and CFDs on ommodities, stocks, and cryptocurrencies via a web trader. The minimum deposit requirement to open a live account is as high as $250.
Pros & Cons
| Pros | Cons |
| Various trading instruments | Lack of regulation |
| Multiple account types | Unfunctional website |
| Non-transparent trading conditions | |
| High fees | |
| High minimum deposit requirement |
Is Lite Legit?
No. Lite operates without regulation. It is absolutely not a legitimate platform.
What Can I Trade on Lite?
| Trading Asset | Available |
| forex | ✔ |
| CFDs | ✔ |
| commodities | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| indices | ❌ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type
Lite offers three types of accounts: Bronze, Silver, and Gold.
| Account Type | Minimum Deposit |
| Bronze | $250 |
| Silver | $1 000 |
| Gold | $3 000 |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
Lite accepts payments via Visa, MasterCard, and bank wires.
However, there are some significant fees associated with these transactions. For example, deposits made via Visa or MasterCard are subject to a 5% commission. Additionally, the minimum deposit amount via bank wire is relatively high at $5,000, and there is an upfront fee of $50 for all international bank transfers.
In terms of withdrawals, Lite Options imposes a maintenance fee of 20% on withdrawals or inactive funds. This means that if a client has not made at least one trade and generated turnover, they will be charged a significant fee when withdrawing funds.
Additionally, if a client fails to make any trades in a calendar month, they will be charged a $10 account service fee.
| Visa/MasterCard Deposit | 5% commission |
| Bank Wire Deposit | $50 fee for international transfers, minimum deposit of $5,000 |
| Withdrawal/Inactive Funds | 20% maintenance fee |
| Account Service Fee | $10 per month for inactive accounts |
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