FX Elite Trader Detailed Review – Why FX Elite Trader Is A Big Liar And Scam?
Broker status
|
Unregulated Broker |
Regulated by
|
Unlicensed brokerage |
Scammers Websites
|
fx-elitetrader.io |
Blacklisted as a Scam by
|
N/A |
Owned by
|
N/A |
Headquarters Country
|
Netherlands |
Foundation year
|
N/A |
Supported Platforms
|
MT5, web trader |
Minimum Deposit
|
N/A |
Cryptocurrencies
|
FX, commodities, indices, shares, cryptocurrencies |
Types of Assets
|
BTC, ETH, XRP |
Maximum Leverage
|
No info |
Free Demo Account
|
No |
As of May 2023, the broker (fx-elitetrader.io) has ceased operations. But you can read the article to avoid falling for similar scammers.
FX EliteTrader Regulation
FX Elite Trader is allegedly based out of the Netherlands. This would suggest that it should be regulated under the AMF. This is not true. We don’t know who the owner is, as the legal documents have left the company name ambiguous. The governing law of the company has not been mentioned and, as it is not AMF-regulated you will not be entitled to any compensation funds. FX Elite Trader will scam you. We don’t recommend that.
Fund Withdrawal Problems with FX Elite Trader Broker
FX Elite Trader, as we have already explained, is an anonymous trading company. Although it claims that they have been in business since 2019, we could not find any evidence to support this claim. Numerous clients have complained about withdrawal problems, claiming that their funds are being frozen after they request the money back. The brokerage isn’t regulated so clients have no complaints.
FX EliteTrader Trading Software
Clients who have an FX Elite Trade broker account can choose between an MT5 or a proprietary Web trader. Both can be used on desktop computers, while MT5 is only available in an Android mobile version. We don’t know why. We don’t know.
The Web trader looks solid with solid indicators and charts. It cannot be compared with MetaTrader, which allows EAs and social trading. Software that isn’t regulated doesn’t have much value. You don’t know what you are getting into, because basic trading conditions like minimum deposit and leverage aren’t disclosed. This is your queue to get out.
FX Elite Trader Trading Scam
FX Elite Trader focuses primarily on clients from the UK and Belgium. There are many victims all over the world, as the broker is not regulated and does not have any restrictions. You will lose everything if you get involved with this scam company.
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FX-EliteTrader: Video
Below you will find a short video about FX-EliteTrader Trade. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about FX-EliteTrader Trade!
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Copywriter with more than 10 years of experience. Wrote analytical content for one of the largest forex brokers in the world. Works as an editor-in-chief at assistance-refund.com
FacebookFAQ
- What Is FX EliteTrader?
FX Elite Trader is an unregulated online trading company.
- Is FX EliteTrader A Scam Broker?
FX Elite Trader is an anonymous shady firm with many negative reviews.
- Is FX EliteTrader Regulated?
FX Elite Trader is not regulated and operates without approval.
- How Does Online Trading Scam Work?
A fake ad is often the first sign of an online trading scam. FX Elite Trader has placed an ad about automated trading software that can magically make you rich overnight. The account manager may ask you to make more investments if you do not make a profit. You will never receive a penny back if you withdraw your funds. Your funds will vanish no matter how many withdrawal requests are submitted.
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