Elite Pro -Overview of Minimum Deposit, Spreads & Leverage

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.