Editor’s Verdict
Overview
Review
Headquarters | United States |
|---|---|
Year Established | 2004 |
US Persons Accepted? |
On a routine check of this brokerage in January 2018 we discovered that the URL redirect to a foreign language website and that the brokerage is no longer open for business. If you're looking for a reliable Forex broker, we recommend choosing from our top broker listing.
People new to trading on the Foreign Exchange (Forex) market might well wish to have the information regarding that pursuit delivered to them in as simply a way as possible. The website operated by FXLite appears to want to address that need. Simply navigation to the URL http://www.fxlite.com brings a French language website to the screen with options off to the right for selecting another language. This makes what follows upon selecting the FXLITE/PRESENTATION mildly puzzling. FXLite announces itself as an American company, based in the heart of Manhattan, New York. The company further confirms its existence in New York by listing a mailing address: FXLite LLC 1133 Broadway, Suite 706 NEW YORK, NY 10010 The FXLite does not appear to need to bolster its reputation by offering any information regarding its corporate history at all. FXLIte’s website does do a fairly good job of outlining the services it offers. A mission statement offers to bring to its customers the best possible tools to make their Forex venture a simplified experience. It goes on to mention that FXLite uses MetaTrader as its trading platform, which is described as a platform of exceptional quality and stability. This may well be true as evidenced by its widespread use elsewhere in the Forex trading community. Its usage by FXLite doesn’t serve to distinguish it from the competition. The basic and simplified services and inducements the company offers include competitive spreads, an exceptional trading platform, a Mini Forex Account with a leverage of 100, a standard account option and automated trading options. Additionally available are trailing stops, hedging and back-testing for minimizing risk. FXLite also alludes to the possibility of clients creating their own indicators for governing their trading activities. Demo accounts are also available for customers new to Forex trading. FXLite support is completely available to clients each business day from 8:30am EST to 5:00pm EST. Options include live chat and email.
Trading Platform
