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Elite FX Financial Markets

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Operating status: SCAM

Website: https://www.elitefxfinancialmarkets.com/

Broker violations and abnormal records
  • 2024-07-11 The FCA issues a warning against Elite FX Financial Markets

    On July 12, 2024, the Financial Conduct Authority (FCA) issued a warning against Elite FX Financial Markets, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/elite-fx-financial-markets-wwwelitefxfinancialmarketscom

    On July 12, 2024, the Financial Conduct Authority (FCA) issued a warning against Elite FX Financial Markets, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/elite-fx-financial-markets-wwwelitefxfinancialmarketscom
  • 2024-07-16 BrokersView has reviewed that Elite FX Financial Markets is an unregulated broker

    Elite FX Financial Markets claims to be a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). However, our search in the registers of the two institutions yielded no records. This is red flag.

    It is critical to note that the alleged British company has been flagged by the Financial Conduct Authority (FCA) as unauthorized.

    In essence, Elite FX Financial Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    Elite FX Financial Markets appears to be a scam.

    Elite FX Financial Markets claims to be a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). However, our search in the registers of the two institutions yielded no records. This is red flag.It is critical to note that the alleged British company has been flagged by the Financial Conduct Authority (FCA) as unauthorized.In essence, Elite FX Financial Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Elite FX Financial Markets appears to be a scam.

Related Complaints

Q&A

Could you plz check Elite FX Financial Markets' license for me?

Fanis Theoklitou
Diekirch
2024-07-18
ANSWER Elite FX Financial Markets operates without the required licenses.Elite FX Financial Markets claims to be a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). However, our search in the registers of both institutions yielded no records, which is a significant red flag.Additionally, it is important to note that the alleged British company has received a warning from the Financial Conduct Authority (FCA) for the lack of the required authorization.In light of this, Elite FX Financial Markets is far from being a secure option. Investors should avoid responding to its offerings. It is prudent to choose fully regulated brokers.
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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.

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