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 wanted to transfer my portfolio from another broker to Elite Business Management. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Excellent charting|Professional team
Cons: Inactivity fee applies after 12 months
I signed up with Elite Business Management after a friend recommended them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Two-factor authentication|Multiple order types|Demo account available
Cons: No crypto staking|Website design could be more modern
I gave Elite Business Management a fair chance. After for over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Segregated accounts|Wide product range|API access|Professional team
Cons: No integrated tax optimization|Alert system is basic
My withdrawal from Elite Business Management was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since last summer of being strung along.
Pros: Smooth onboarding|Instant funding
Cons: Limited ETF selection|Minimum deposit could be lower
My card was charged twice by Elite Business Management on the same day. I had to dispute it with my bank. Elite Business Management then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Dividend tracking|Great customer service|Tax reports included|Customizable dashboard
Cons: No integrated tax optimization|Help articles are sometimes vague