Traders’ Experiences with Elbitrader
Trustpilot reveals only four comments about Elbitrader, all giving it a 1-star rating. The primary concern reported by users centers around difficulties with withdrawals, a common issue given the company’s disclaimers and lack of regulatory oversight. The crucial task becomes retrieving funds, and for expert advice, consulting our chargeback specialists is recommended.
How Elbitrader Operates
Elbitrader raises concerns by sharing user details with third-party partners, particularly dubious crypto investment platforms. These platforms often present narratives about crypto arbitrage trading, a questionable endeavor when associated with unregulated firms. Traders who attempt to withdraw funds often find nothing to withdraw, discovering that the platform’s contents are fictitious, and their money has vanished into the pockets of these fraudulent entities. If you find yourself in a similar situation, reaching out to us for assistance is crucial, as your entire investment is at stake.
Who Falls Victim to Elbitrader?
Surprisingly, victims of this brokerage predominantly come from well-regulated countries, as that’s where the substantial funds are. The trading brand was registered in August 2023, and victims mainly hail from:
- Belgium
- Ireland
- Switzerland
- Australia
- Singapore
If you find yourself among these victims, seeking a refund consultation from our team is advisable, as the initial meeting is free of charge and carries no obligations.
Available Trading Platforms
Elbitrader lacks trusted software choices like cTrader or MetaTrader, which are preferred by traders for transparency and security. Instead, Elbitrader offers Forex and crypto trading solely through a web-based platform. Despite advertising an AI Robot for crypto trading, skepticism is warranted given the company’s credibility issues.
Is the Elbitrader Mobile Trading App Available?
Trading on iOS and Android devices is challenging with Elbitrader, primarily due to the absence of available apps. Even if such apps existed, a company lacking regulation cannot be trusted. The significance of transparency in this context is highlighted in our FX MAGNUS review, revealing details that might be surprising.
Financial Instruments on the Platform
The lack of transparency makes it difficult to ascertain the exact offerings on the Elbitrader platform. Allegedly, there are over 300 tradeable instruments, with only Forex and crypto categories known. The company claims to have more without providing precise details. Given the web-based platform, skepticism surrounds the legitimacy of the assets offered.
Account Types Offered by Elbitrader
Elbitrader does not provide clear information on required deposits or benefits for loyal traders. The absence of account type classification gives the company significant flexibility, allowing them to devise reasons to extract more money from clients.
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