Score
Elite Pro
South Africa|5-10 years| https://www.elitepromarkets.co.za/
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Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+27 61 514 3350
+27 11 881 5667
Other ways of contact
Broker Information
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Elite Pro Markets
Elite Pro
South Africa
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | Minimum $200 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:400 |
| Minimum Deposit | Minimum $5000 |
| Minimum Spread | From 1.2 Pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | Minimum $30 |
| Minimum Spread | From 1.6 Pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
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- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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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.
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