Elit Solutions Broker Review – Brokerage Scam Trying to Defraud Investors

As of May 2023, ElitSolutions.co has ceased operations. But you can read the article to avoid falling for similar scammers.

Are Elit Solutions Regulated. Why is it important?

There are many reasons brokers must be regulated. All Tier1 regulators have made it mandatory for Forex companies to create compensation funds of over 700,000. EUR to be used to repay clients. If your broker is a fraud, you can get your money back.

You have nothing when you work with anonymous brokers like Elit Solutions broker.

What is wrong with a trading license?

We knew that the broker was active throughout Europe so we checked with many EU regulators to find Elit Solutions regulation. We were unable to find any. We could not find any registrations for the firm with the FCA, BaFin or FINMA.

Where is Elit Solutions Trading Scam Active?

ElitSolutions.co was still active but it was primarily targeting clients from:

• US
• Germany
• France
• UK

This firm did not have the authorization to offer financial services. It can be difficult to get your money back.

What trading platforms are available? Trading Software

Another major disappointment. Elit Solutions Forex broker listed a trading platform on their website, but did not specify which one. It was probably a WebTrader, as most fraud firms don’t bother to give any useful information. Legitimate firms will still provide enough information about the trading platform and conditions, including spread and leverage.

The broker at Elit Solutions didn’t believe it was necessary, since their ultimate goal was to steal money and disappear, not invest.

Elit Solutions Trading Instruments: What Can I Trade?

Company reviews reveal that the broker allowed trading on 5 major markets, including:

• Forex (Currency Pairs)
• Commodities
• Indices
• Shares
• Cryptocurrencies (Cryptos)

Because primary trading conditions weren’t disclosed, investing was like a lotto. You never knew when your money would be lost if you had too much leverage.

Elit Solutions Trading Accounts-Account Types

There are six types of accounts:

• Standard Account – Minimum Deposit $10,000
• Bronze – $25,000
• Silver $50,000
• Gold – $100,000
• Platinum – $250,000
• VIP $1 Million

Every account type offers different bonuses, from 20% to 70%.

The broker also offered Savings accounts.

• Silver – 10,000 EUR; ROI 0.5% for 6-month deposits, 1.2% 12-month deposits, and so forth
• Gold 25,000 EUR; ROI 1.2% for 6-month deposits, 1.8% 12-month deposits, etc.
• Platinum 50,000 EUR; ROI 1.8% for 6-month deposits, 2.5% 12-month deposits, etc.
• VIP – more than 100,000 EUR; ROI 3.1% for 6-month deposit and 3.9% for 12-month.

These percentages cannot be guaranteed by brokers, and Forex firms will not deal with savings. It’s the bank’s job. It’s time for you to seek help if you fell for the Elit Solutions scam.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

Elit Solutions: Video

Below you will find a short video about Elit Solutions. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Elit Solutions!