Company Information

Get to know Borrowlite

Borrowlite presents itself as a global online broker providing access to financial markets through its trading platform. The company offers CFD trading on various asset classes, targeting retail investors. Its mission, as stated on its website, is to provide an innovative and secure trading environment. The operating entity is Borrowlite SVG LLC, which is registered in St. Vincent and the Grenadines, a common offshore jurisdiction. It's important to note that the Financial Services Authority (FSA) of St. Vincent and the Grenadines does not regulate or license forex or CFD brokerage activities.

Industry

Forex Retail BrokerPRIMARY
Financial Other Service

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Borrowlite

Nigeria

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Markets.com

(327 reviews)

United States

2008

(18 years)

Security Information :

FSCA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.