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/10

Elite Pro

South Africa|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.elitepromarkets.co.za/

Website

Rating Index

Contact

+27 61 514 3350
support@elitepromarkets.co.za
https://www.elitepromarkets.co.za/
https://m.facebook.com/Elite-Pro-Markets-111424880442435/

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

Open Now

Contact number

English

+27 61 514 3350

English

+27 11 881 5667

Broker Information

More

Company Name

Elite Pro Markets

Company Abbreviation

Elite Pro

Platform registered country and region

South Africa

Company website
Twitter
Facebook

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Elite Pro · Company Summary

General Information & Regulation

Elite Pro Markets is an online broker registered in South Africa, with the founding time, actual address, and the company behind it unknown to all. Elite Pro is not subject to any regulation, and it is unsafe to trade with this broker.

Market Instruments

Tradable financial instruments available on the Elite Pro platform include forex currency pair, commodities, stocks, indices.

Minimum Deposit

The minimum deposit with the starter account is $100, which is generally in line with the regulated brokers standards. Although this seems the reasonable accounts, traders are not advised to open accounts here since Elite Pro is an unregulated broker.

Leverage

Trading leverage information is not mentioned. Unregulated or scam brokers tend to offer generous trading leverage to attract traders. However, since leverage can amplify gains as well as losses, high trading leverage is not necessarily good things for all traders.

Trading Platform Available

Elite Pro doesn‘t have functional trading software, and that confirms it’s a scam. They mention nothing about platforms on the website, and upon registration, we ended up with a chart serving for information purposes only.

Deposit & Withdrawal

The funding methods are cryptocurrencies only, which is a significant downside. The digital coin payments are final, non-refundable, and people do not even know who gets the money sent. In terms of safety, it‘s always better to deposit via bank cards because it’s possible to dispute transactions and eventually get a refund- up to 540 days after the transfer.

User Reviews

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3

Comments

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What is 8023
more than one year
As a user of Elite Pro Forex Trading, I recently encountered a frustrating experience with the real account sign-up process. When attempting to review and accept the terms and conditions, I clicked on the provided link only to be met with a 404 error page. Unfortunately, this page did not list any detailed information regarding the terms and conditions.
2024-02-06 17:47
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0
0
FX1173193264
more than one year
I had all sorts of trouble here, they have only their interests in their mind. Withdrawing money is also non-existent or at best troublesome. Don’t waste your time!!!
2022-12-14 13:37
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0
0
傲骨
more than one year
Trade with this broker two years ago. What impressed me most was their customer service, responsive and patient. Louis is a good guy, and he helped me withdraw my funds very quickly.
2022-12-10 10:13
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