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.