Elite Business Management has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: fax 33 4 8973 2287
Addresses: 93b Rue Louis Blanc 06400 Cannes France This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.elitebusinessmanagement.com.
I experienced a security concern with my Elite Business Management account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Social trading features|Stable platform|Reliable uptime|Educational resources
Cons: Cannot customize dashboard fully
Where do I even begin with Elite Business Management? for nearly two years of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Helpful community forum|Multiple order types|Full transparency|Fast support response
Cons: Limited social trading features
After for the past six months with Elite Business Management I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Responsive team|High security standards|Two-factor authentication|Educational resources
Cons: Minimum deposit could be lower
After using Elite Business Management for the past year and a half, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Instant funding|Quick verification|Dividend tracking|Responsive team
Cons: Help articles are sometimes vague|None so far
Elite Business Management offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Two-factor authentication|Stable platform|Fast deposits|Dedicated account manager
Cons: Wait times can be long during peak hours|Some tools only available on higher tiers
I referred a friend to Elite Business Management based on a colleague's recommendation. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Two-factor authentication|Multiple order types|Responsive team
Cons: No fractional shares|Mobile app could be improved
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Elite Business Management recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Multi-device support|Risk management tools|Multi-currency support|Fast support response
Cons: Cannot customize dashboard fully|Limited social trading features
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Elite Business Management said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Demo account available|Economic calendar|Multi-currency support|Segregated accounts
Cons: Wait times can be long during peak hours
The platform at Elite Business Management is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I opened my account last year of dealing with this, I have had enough.
Pros: Multiple order types|Full transparency|Stable platform|Fast support response
Cons: No phone support on weekends
The hidden fees at Elite Business Management are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Regular platform improvements|Responsive team
Cons: Limited cryptocurrency options