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ELITECM INTERNATIONAL

Australia|2-5 years|
Appointed Representative(AR)|Australia Appointed Representative(AR) Revoked|Medium potential risk|

https://elitecmf.com/

Website

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Contact

support@elitecmin.com
https://elitecmf.com/

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WikiFX Risk Alerts 2
Previous Detection : 2024-10-23
  • AustraliaASIC (license number: 001296415) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 001297047) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

ELITECM INTERNATIONAL · WikiFX Survey

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ELITECM INTERNATIONAL · Company Summary

ELITECM INTERNATIONAL Review Summary
Founded2021
Registered Country/RegionAustralia
RegulationRegulated by the ASIC
Market Instrumentsforex currency pairs, commodities, precious metals, futures, and cryptocurrencies
Demo AccountNo
Leverage1:100-1:400
Trading PlatformsMT5
Customer Support24/7 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

ProsCons
5 kinds of trading instruments availableRevoked status
Multiple account types to choose fromLimited information available on the website
Flexible leverage optionsNo 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Notably, its ASIC license No. 001296415 has been revoked, and another associated license, No. 001297047, appears to be a suspicious clone, which is unsafe.

Is ELITECM INTERNATIONAL Legit?
Is ELITECM INTERNATIONAL Legit?
Is ELITECM INTERNATIONAL Legit?

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 InstrumentsSupported
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 PlatformSupportedAvailable DevicesSuitable for
MT5Mobile and Desktop(Windows & macOS)Experienced Trader
MT4Mobile 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.

Broker Information

Company Name

ELITECM INTERNATIONAL PTY LTD

Abbreviation

ELITECM INTERNATIONAL

Regulatory Status

Regulated

Platform registered country and region

Australia

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

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Customer Service Email Address
  • support@elitecmin.com

Company Summary

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