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ELITECRYPTOTRADE24

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Operating status: SCAM

Website: https://elitecryptotrade247.com/

Broker violations and abnormal records
  • 2023-07-16 The UK FCA issued a warning against ELITECRYPTOTRADE24

    On July 17, 2023, the Financial Conduct Authority (FCA) issued a warning against ELITECRYPTOTRADE24, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/elitecryptotrade24

    On July 17, 2023, the Financial Conduct Authority (FCA) issued a warning against ELITECRYPTOTRADE24, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/elitecryptotrade24
  • 2023-07-17 BrokersView has reviewed that ELITECRYPTOTRADE24 is an unregulated broker

    ELITECRYPTOTRADE24 claims that it is regulated by the Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (Belize FSC), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for this company in the registers of the aforementioned regulators didn't yield any results, suggesting that it is falsely claiming to be regulated.

    Furthermore, the Financial Conduct Authority (FCA) has issued a warning against ELITECRYPTOTRADE24 for illegally offering financial services/products in the UK without their authorization.

    In essence, ELITECRYPTOTRADE24 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    ELITECRYPTOTRADE24 claims that it is regulated by the Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (Belize FSC), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for this company in the registers of the aforementioned regulators didn't yield any results, suggesting that it is falsely claiming to be regulated.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against ELITECRYPTOTRADE24 for illegally offering financial services/products in the UK without their authorization.In essence, ELITECRYPTOTRADE24 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

I never heard about this platform. Could you please check the license for me? Thank you!

fazli
Seychelles
2023-08-04
ANSWER ELITECRYPTOTRADE24 is an unregulated broker and we strongly suggest you avoid this fraudulent platform despite the seemingly attractive deals it offers.ELITECRYPTOTRADE24 claims that it is regulated by the Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (Belize FSC), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for this company in the registers of the aforementioned regulators didn't yield any results, suggesting that it is falsely claiming to be regulated.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against ELITECRYPTOTRADE24 for illegally offering financial services/products in the UK without their authorization.In conclusion, for a novice investor, it is advisable to verify a broker's license before making an investment decision. Due to its unlicensed status, ELITECRYPTOTRADE24 is not a safe choice. Once your money and personal information are held by this platform, there are no rules in place to safeguard them.
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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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