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Elite FX Trade

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Operating status: SCAM

Website: https://elite-fxtrade.com/

Broker violations and abnormal records
  • 2022-08-07 BrokersView has Reviwed that Elite FX Trade is an Unregulated Forex Broker

    Elite FX Trade is an obvious scam for two main reasons. First, Elite FX Trade claims it was founded in 2009 as an investment or stock trading company. But when we checked its domain, we found it was newly created on 31 Jul 2022. So how could it start its business in 2009? It is a red flag here.

    Second, Elite FX Trade claims to be a regulated firm while presenting neither details about its company office address and regulations, nor legal documents (risk disclosure, privacy policy, etc.). Lacking the above information is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. The truth is that Elite FX Trade is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    Elite FX Trade is an obvious scam for two main reasons. First, Elite FX Trade claims it was founded in 2009 as an investment or stock trading company. But when we checked its domain, we found it was newly created on 31 Jul 2022. So how could it start its business in 2009? It is a red flag here.Second, Elite FX Trade claims to be a regulated firm while presenting neither details about its company office address and regulations, nor legal documents (risk disclosure, privacy policy, etc.). Lacking the above information is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. The truth is that Elite FX Trade is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.