ELITECM INTERNATIONAL Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-16 18:40

Abstract：ELITECM INTERNATIONAL, a trading name of ELITECM INTERNATIONAL PTY LTD, is allegedly a multi-asset broker registered in Australia that claims to provide its clients with various tradable financial instruments including forex currency pairs, commodities, precious metals, futures, and cryptocurrencies, with flexible leverage up to 1:400 on the MT5 trading platform.

ELITECM INTERNATIONAL Review Summary
Founded	2021
Registered Country/Region	Australia
Regulation	Regulated by the ASIC
Market Instruments	forex currency pairs, commodities, precious metals, futures, and cryptocurrencies
Demo Account	No
Leverage	1:100-1:400
Trading Platforms	MT5
Customer Support	24/7 email, online messaging

ELITECM INTERNATIONAL Information

　　ELITECM INTERNATIONAL, a trading name of ELITECM INTERNATIONAL PTY LTD, is allegedly a multi-asset broker registered in Australia that claims to provide its clients with various tradable financial instruments including forex currency pairs, commodities, precious metals, futures, and cryptocurrencies, with flexible leverage up to 1:400 on the MT5 trading platform.

　　As for regulation, it has been verified that their ASIC licenses are either revoked or suspicious clone.

Pros & Cons

Pros	Cons
5 kinds of trading instruments available	Revoked status
Multiple account types to choose from	Limited information available on the website
Flexible leverage options	No demo accounts offered
Support for the MetaTrader5
24/7 customer support

Is ELITECM INTERNATIONAL Legit?

　　ELITECM International is registered through GoDaddy.com, LLC, with its domain initially registered on June 4, 2022, and set to expire on June 4, 2025.

　　ELITECM International has three licenses. It is regulated by the ASIC, with the license number of 001305408.

　　Notably, its ASIC license No. 001296415 has been revoked, and another associated license, No. 001297047, appears to be a suspicious clone, which is unsafe.

What Can I Trade on ELITECM INTERNATIONAL?

　　ELITECM INTERNATIONAL claims to provide access to a diverse range of trading instruments in various financial markets. This includes popular assets such as forex currency pairs, commodities, precious metals, futures, and even cryptocurrencies.

Tradable Instruments	Supported
Forex currency pairs	✔
Commodities	✔
Precious metals	✔
Futures	✔
Cryptocurrencies	✔
Mutual Funds	❌

Accounts Type

　　ELITECM International offers a total of two types of real trading accounts: Classic Account (STP) and Quantum Account (ECN). However, the broker does not provide demo accounts or Islamic accounts.

Leverage

　　ELITECM International offers leverage options ranging from 1:100 to 1:400, providing traders with the ability to control larger market positions with a smaller amount of capital.

Trading Platforms

　　ELITECM International supports MetaTrader 5 (MT5) for trading on both mobile and desktop devices, which is suitable for experienced traders, while MetaTrader 4 (MT4) is not available.

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Mobile and Desktop（Windows & macOS）	Experienced Trader
MT4	❌	Mobile and Desktop（Windows & macOS）	Beginner

Deposits & Withdrawals

　　ELITECM International does not specify whether it charges fees for deposits or withdrawals. The only supported deposit and withdrawal method is via bank transfer.

　　Processing times for bank transfers usually range from 1 to 5 working days, depending on the banks and any intermediaries involved.