Lite

Note: Lite's official website: https://lite-options.com/ is currently inaccessible normal.

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

Is Lite Legit?

No. Lite operates without regulation. It is absolutely not a legitimate platform.

What Can I Trade on Lite?

Account Type

Lite offers three types of accounts: Bronze, Silver, and Gold.

Trading Platform

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.