ELITECM INTERNATIONAL

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

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Notably, its ASIC license No. 001296415 has been revoked, and another associated license, No. 001297047, appears to be a suspicious clone, which is unsafe.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

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.

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.