Does Elite Options Offer a Demo Account?
According to our team’s research, Elite Options does NOT provide demo accounts. We also found out that they do not rate highly in Google Trends and there is no significant data about them. As an alternative we selected the top brokers that provide a Demo account for free.
Top10BinaryDemo cannot confirm that Elite Options can offer you a demo account. In order to avoid risking real money you can Proceed to an Approved Broker with Demo Account OR choose from the Top Demo Brokers:
Top Brokers with Demo Account:
Is Elite Options Scam?
It has just been over a month since Elite Options was launched and therefore it is too early to conclude whether they are a scam or they are legit. We have come across some complaints and negative feedback, so we advice you to proceed with caution when choosing this broker. What we can see so far is that the broker does no have a high Google ranking and much information cannot be obtained about them on the internet.
Elite Options Review
Elite Options is a new binary options trading broker. They were founded in October 2015 and are based in St. Vincent and the Grenadines. The broker offers a small list of assets from commodities and indices to stocks and currency pairs. The trading platform is user friendly, but it is not suitable for both beginners and expert traders.
Elite Options Minimum Deposit & Withdrawal
The banking options offered by Elite Options include MasterCard, Visa, UnionPay, WebMoney, Neteller, Maestro and bank wire transfer. The minimum amount that is required to make a deposit is $250 and the minimum withdrawal is $50. Withdrawals are usually processed within 5 days, but it depends on the method of withdrawal chosen. There are no fees for making withdrawals, but the procedure seems to be very complicated and slow.
Elite Options Demo Account
Demo trading is one of the best features that brokers can offer. Demo trading can be useful for traders in a number of ways. It can help traders become familiar with the trading platform and all of its features. Having a demo account can enable traders to test their strategies, improvise or develop new strategies. It can help them become better traders without risking any money. The important thing is that demo trading can help traders learn ways of maximizing their gains while minimising their chances of losses.
But it is quite unfortunate that Elite Options does not offer demo trading. This is the reason traders must proceed with caution when choosing this broker.
After our research we concluded that Elite Options does not provide a demo account.
The lack of practice account and risk free trading makes this broker unsuitable for traders who want to learn how to trade without losing their investment.
I am David Raines, a Binary Options trader with years of experience in online trading. I write reviews of Binary Options Brokers, Auto Trading Software and Signals Providers.