InvestLite Reviews for 22 September 2021

From the beginning onwards I requested them to withdrawal my profit but the person (Salah) always make a wrong commitments with me. But, When I start to asking continuously about the profit withdrawal finally he made withdrawal of 94$ and the amount credited after two weeks. When I ask why it’s taking more than two weeks to credit the payment he was giving the reason for that the first transaction always taking time, but after the first transaction credited successfully I asked him to make the withdrawal of my remaining profit, he simply replied me that the total amount including the profit he use to trade, he did that without my permission. I asked him, what was our agreement, I will withdraw my profit time to time and you can trade my 6358$ (with the condition of keep always margin and safe trade) and I will add again 5000$ every first of next month. But he never listen me and he introduced one Mr. Nair ( their manager) he making force to credit more amount for trading so that you will get more profit I told him clearly that I don’t have additional money. The person Salah was appointed to guide me to trade with them and from the beginning onwards I clearly told him that I will withdrawal some amount end of this month for my credit card payment or else I will get fine from bank moreover I will not get money (5000$) for the next month trading as well, and I told about this matter frequently whenever morning he call for me new trading and he simply said , that you can withdraw the money on same day but the day comes and I request him to withdraw my money he told me, if you have 6000 or 7000$ invest right now it is a good time to earn more profit (not like the past month) and you can collect the money same day along with your past profit as well I told him dear several times I told you that I don’t have money I have only some amount I keep separate for my expenses (4500AED) then he told me 4500 AED means you can invest 1000$ that you transfer quickly I will make profit for you and he make me force to trade again with what I have remaining and the same day he told me to open some positions with high value and more quantity. I believe the person who guide me past month and I open the positions as he guided. Next day I wait for his call (they always calling through internet they never give any contact no except their InvestLite app - only the option we can chat through app) two days over they didn’t contact me and I chat through their app but no one replied me sometimes they reply sometimes not , through chatting I request them to withdraw my profit , the next day one of person (Sidharth) called me and told that your current positions are at risk you need to arrange 9000$ to maintain current situation. I ask where is Salah who guided me past one month he replied, he is not in office in order to maintain the current situation you need to invest 9000$. I told him I already invest 6358$ but except 94$ you didn’t withdraw at least my profit until now and now you are telling me that your positions are at risk you need to invest 9000$ or you need to open an another position for trade again. he make me force to open another position (bmw -2.80 buy by market) and he cut the call. I tried to contact with them another three days but no one contact me and I got fine from my local bank and they catch my salary and I don't have single money for my expenses and I need to return 17054 AED to bank. After third day I come to know they closed all open positions themselves without any coordination with me and no response at all. It is a request, kindly help me to withdraw at least my invested money.
Lijo Joseph   26 Aug 2021   Reply

InvestLite do not conduct business in line with what is required by the Regulator. They use hard sell tactics and offer poor investment advice. They do not undertake risk profiling and do not explain upfront what their trading methods are. I have lost in excess of $220,000 but was told "not to worry". Apparently they could turn this around with the small balance left on my account! I would strongly urge anyone with little or no knowledge of investing or trading to avoid using this company.
Kimjsy   2 Aug 2021   Reply

I have invested US$3350. I lost all the money.
Shibu   2 Aug 2021   Reply