Elite Strategies

General Information & Regulation

Elite Strategies is presented as an Australian forex and CFD broker, which also operates in the United States and the UK, offering three account types, including a swap free one, with leverage as high as 1:500 and the MetaTrader4 platform. Elite Strategies belongs to Elite Strategies Corporation Pty Ltd – an Australian company.

Markets Instruments

Tradable financial instruments available on the Elite Strategies platform include Forex currency pairs, Metals, Indices, Commodities.

Minimum Deposit

Elite Strategies standard account requires a minimum initial deposit of $100 which is acceptable for most regular traders.

Leverage

Elite Strategies offers leverage as high as 1:500, which sounds generous, and this level could satisfy the most aggressive traders and their trading strategies.

Spreads & Commissions

With regard to trading costs, as tested with a demo account the benchmark EURUSD spread, generally the lowest possible, floated about 1,2 pips, and this looks attractive.

Trading Platform Available

Elite Strategies offers MetaTrader4 – a trading platform that has dominated the forex industry for over a decade and is still preferred by many traders – beginner and experienced alike.

Deposit& Withdrawal

Elite Strategies says to accept payments with credit cards, bank wire, bitcoins and some e-wallets, including Neteller and Skrill. And our best advice here is to stick with conventional payment methods like VISA and MasterCard and to avoid alternative payment options like bitcoins, crypto coins in general, and anonymous money transfer services like Western Union. The reason is quite straightforward – crypto payments are anonymous and are 100% irreversible, which makes them a payment method of choice for scam brokers. If you have paid with VISA or MasterCard on the other hand you can file for a charge back, in case you have been scammed, within 540 days after you have made the deposit.