Score
Elite Pro
South Africa|5-10 years| https://www.elitepromarkets.co.za/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
South Africa
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
elitepromarkets.co.za
Server Location
South Africa
Website Domain Name
elitepromarkets.co.za
Server IP
169.239.218.32
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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