Is Elite Options a Scam?

Elite Options promises secure trading and offers generous bonuses to new clients. But is this broker legit or is Elite Options a Scam?

We have made a research of Elite Options and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that Elite Options is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:

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Elite Options Scam

Elite Options is not a regulated binary options broker. They are not licensed by CySEC or any other licensing authority. This only means that they could not be legit and it may take a lot of time to prove themselves on the binary options market. Our expert advice is to choose another reputable broker that is licensed and regulated. This will help you stay protected and it will also ensure that your funds are in safe hands.

Elite Options Broker Review

Elite Options was launched in October, 2015. The broker operates on the Leverate BX8 binary options trading platform which is powerful and offers a range of assets to traders which they can choose from. The minimum trade is just $10 and the maximum at $500. At the moment, the trading platform is available only in English, but Elite Options seems not to be adding further languages in the near future. Their website is well designed with simple layout and an easy to use interface.

Elite Options Demo Account

These days, it is crucial for binary options traders to understand the importance of demo trading. Demo trading provides traders with an experience that is very similar to real trading. The main differences however is that you trade using virtual money instead of real money and with demo trading, there is absence of emotional aspects related to trading. Elite Options does not offer demo trading which can be a great disadvantage to traders that choose this broker.

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Elite Options Minimum Deposit & Withdrawal

Elite Options offers a few banking options. These include bank wire transfer, major credit cards and a number of online payment options such as Neteller and WebMoney. The minimum deposit amount is $250 and traders must have at least $50 in their account to request a withdrawal. Although no fee is charged for making a withdrawal, the procedure can be quite complicated because of the verification process that is involved.

Conclusion

After detailed investigation our team concluded that there are better choices than Elite Options. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with Elite Options.

We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.

Or Select Another Broker From Our List

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