Lite Forex Broker

Note: Lite's official website: https://lite-options.com/ is currently inaccessible normal.LiteReview SummaryFounded/Registered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex, CFDs on Stocks, Commodities, CryptocurrenciesDemo Account/Leverage/Spread/Trading PlatformWeb TraderMin Deposit$250Customer SupportPhone: +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 & ConsProsConsVarious trading instrumentsLack of regulationMultiple account typesUnfunctional websiteNon-transparent trading conditionsHigh feesHigh minimum deposit requirementIs Lite Legit? No. Lite operates without regulation. It is absolutely not a legitimate platform.What Can I Trade on Lite?Trading AssetAvailableforex✔CFDs✔commodities✔stocks✔cryptocurrencies✔indices❌bonds❌options❌ETFs❌Account Type Lite offers three types of accounts: Bronze, Silver, and Gold.Account TypeMinimum DepositBronze$250Silver$1 000Gold$3 000Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forWeb Trader✔Web/MT4❌Desktop, Mobile, WebBeginnersMT5❌Desktop, Mobile, WebExperienced tradersDeposit 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 Deposit5% commissionBank Wire Deposit$50 fee for international transfers, minimum deposit of $5,000Withdrawal/Inactive Funds20% maintenance feeAccount Service Fee$10 per month for inactive accounts