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ElastosTrade

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Operating status: SCAM

Website: https://elastostrade.com/?a=home

Broker violations and abnormal records
  • 2023-12-14 BrokersView has Reviewed that ElastosTrade is an Unregulated Broker

    There is no any regulatory information on its website. This broker locates in Hong Kong, but we don't find any results on Hong Kong Securities and Futures Commission (HK SFC) matching to ElastosTrade.

    The truth is that ElastosTrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.

    ElastosTrade is a scam.

    There is no any regulatory information on its website. This broker locates in Hong Kong, but we don't find any results on Hong Kong Securities and Futures Commission (HK SFC) matching to ElastosTrade.The truth is that ElastosTrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law.ElastosTrade is a scam.

Related Complaints

Q&A

Scam broker ElastosTrade?

Emilia Kalu
Austria
2024-12-10
ANSWER Dear Investor, Thank you for reaching out to us. ElastosTrade seems to be a scam. It claims to be based in Hong Kong, China. However, it appears to be operating without the required license, as our inquiries with the Securities and Futures Commission (HK SFC) haven't found any corresponding records to suggest its legitimacy and compliance. This is a red flag. Therefore, we have reasons to believe ElastosTrade is a scam. We strongly advise against trusting this unlicensed platform.
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Is ElastosTrade a SCAM????

cruise
Macedonia
2023-12-25
ANSWER ElastosTrade appears to be a scam due to its lack of regulatory oversight and authorization to operate as a broker. We strongly suggest you avoid ElastosTrade.The platform claims to be based in Hong Kong. However, our search in the register of the Securities and Futures Commission (SFC) yielded no matching results.Traders who deal with brokers operating outside of regulatory frameworks are at risk of falling victim to fraud and identity theft. In such unfortunate events, they have no legal recourse to recover their funds or protect their interests. To mitigate these risks, it is advisable to choose only fully regulated brokers with solid reputations.
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1 comments

J. Schouten
Got pulled in by a so called trader Lynna Stephenson (says she's from Florida), via X. Typical Boilerroom fraude. After the boosttrade at this so called Elastostrade platform it started getting worse. I got sucked in deeper and deeper when they asked for more and more fees for different fees. We have by now built a case by tracking wallets. Let me know if you experienced the same.
2024-12-06
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