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Elite Fx Traders

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Operating status: SCAM

Website: https://www.elitefxtraders.vip/

Broker violations and abnormal records
  • 2023-12-18 The UK FCA issued a warning against Elite Fx Traders

    On 19 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Elite Fx Traders was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/elitefxtraders

    On 19 December 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Elite Fx Traders was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/elitefxtraders
  • 2023-12-20 BrokersView has Reviewed that Elite Fx Traders is an Unregulated Broker

    Elite Fx Traders claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission, Mauritius (FSC) and the Seychelles Financial Services Authority (FSA).

    We searched these regulators but found no matching results, it is a red flag.

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Elite Fx Traders was providing finacial services or products without authorisation.

    The truth is that Elite Fx Traders is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Elite Fx Traders is a scam.

    Elite Fx Traders claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission, Mauritius (FSC) and the Seychelles Financial Services Authority (FSA).We searched these regulators but found no matching results, it is a red flag.The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Elite Fx Traders was providing finacial services or products without authorisation.The truth is that Elite Fx Traders is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Elite Fx Traders is a scam.

Related Complaints

Q&A

I dont want to trade with an offshore broker. I want my broker regulated in the UK. Does Elite Fx Traders meet this requirement?

Toby Setiyawan
United Kingdom
2024-01-02
ANSWER No, Elite Fx Traders is not regulated by the Financial Conduct Authority (FCA) in the UK. It has been red-flagged by the FCA as an unauthorized firm. Please stay away from this trading platform as it lacks the required licenses.Although its website provides detailed information, our search for this company suggested that the claims are all false. This is a red flag. In addition, the FCA has issued a warning against Elite Fx Traders, identifying it as an unauthorized firm in the UK.As such, Elite Fx Traders cannot be trusted. Individuals engaging with it are at risk of fraud and identity theft. To mitigate such substantial risks, investors are advised to steer clear of Elite Fx Traders and instead choose fully regulated brokers that have solid reputations.
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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.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.