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Pro Lite Trade -

Score

1.24 /10
Danger

Pro Lite Trade

Canada

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.prolite-trade.com

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Exposure

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Score

Regulatory Index0.00

Business Index4.91

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Pro Lite Trade

Company Abbreviation

Pro Lite Trade

Platform registered country and region

Canada

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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Pro Lite Trade · Company summary
Pro Lite TradeReview Summary
Founded2023
Registered Country/RegionCanada
RegulationNo regulation
Market InstrumentsForex, Commodites, Indices, Cryptocurrencies, Shares
Demo Account✔
LeverageUp to 1:500
Spread1 pips
Trading PlatformVertexFX
Min Deposit$200
Customer SupportPhone: +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.

Pro Lite Trade Information

Pros and Cons

Pros Cons
Demo accounts and Tiered accountsNo regulation
Economic calendar availableNegative review from clients
Commission-freeHigh 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.

Is Pro Lite Trade Legit?
Is Pro Lite Trade Legit?

What Can I Trade on Pro Lite Trade?

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

Tradable InstrumentsSupported
Stocks✔
Precious metals & Commodities✔
Indices✔
Cryptocurrencies✔
Options❌
Futures❌
Derivatives❌
Structured Products❌
CFDS❌
Bonds❌
Funds❌
ETFs❌
What Can I Trade on Pro Lite Trade?

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 TypesStandardSilverPremiumVIPExclusive
Minimum opening balance$200$1,000$2,500$5,000$10,000
Spreadfrom 5 pipsfrom 4 pipsfrom 3 pipsfrom 2 pipsfrom 1 pips
Leverage1:5001:5001:5001:5001:500
Account Types

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.

Trading Platform

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.

Deposit and Withdrawal
Deposit and Withdrawal

User Reviews

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User comment

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Comments

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Sagar Ranganath Gowda
3-6months
Hi, My name is Sagar Ranganath. My experience with this platform is gradually improving. I was initially worried when I did not receive my withdrawals within 24 hours as the account manager had promised. However, he explained that it would take 2 to 3 days for the withdrawals to process, and just as he stated, I received my funds. There is a slight lag in the platform, and it would be beneficial if this issue could be resolved to ensure a smoother user experience. Overall, I am satisfied with their service. The signals and tips provided by Prolite Trade are advantageous, and their guidance with market information has made it easier for me to understand the international market. And i would definitely I would provide 5 stars once the platform lag has been sorted out.
Hi, My name is Sagar Ranganath. My experience with this platform is gradually improving. I was initially worried when I did not receive my withdrawals within 24 hours as the account manager had promised. However, he explained that it would take 2 to 3 days for the withdrawals to process, and just as he stated, I received my funds. There is a slight lag in the platform, and it would be beneficial if this issue could be resolved to ensure a smoother user experience. Overall, I am satisfied with their service. The signals and tips provided by Prolite Trade are advantageous, and their guidance with market information has made it easier for me to understand the international market. And i would definitely I would provide 5 stars once the platform lag has been sorted out.
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2024-06-05 15:53
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