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Elitetradeltd

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Operating status: SCAM

Website: https://elitetradeltd.org/

Broker violations and abnormal records
  • 2023-11-19 BrokersView has reviewed that Elitetradeltd is an unregulated broker

    Elitetradeltd claims to be regulated by the Financial Conduct Authority (FCA) under Reg number 12890756. However, our search for this number in the FCA registry didn't yield any results.

    Furthermore, it is strange that its link labeled "Certificate of Incorporation" directs a CH license under Bitstocks Ltd, a company that appears to have nothing to do with Elitetradeltd. In addition, mere registration with the CH doesn't mean being authorized to legally provide financial services or products in the UK. Therefore, even if the CH certificate were true and these two companies were associated, Elitetradeltd remains unlicensed.

    In essence, Elitetradeltd 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.

    Elitetradeltd is unequivocally a scam.

    Elitetradeltd claims to be regulated by the Financial Conduct Authority (FCA) under Reg number 12890756. However, our search for this number in the FCA registry didn't yield any results.Furthermore, it is strange that its link labeled "Certificate of Incorporation" directs a CH license under Bitstocks Ltd, a company that appears to have nothing to do with Elitetradeltd. In addition, mere registration with the CH doesn't mean being authorized to legally provide financial services or products in the UK. Therefore, even if the CH certificate were true and these two companies were associated, Elitetradeltd remains unlicensed.In essence, Elitetradeltd 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.Elitetradeltd is unequivocally a scam.

Related Complaints

Q&A

Does Elitetradeltd have islamic account?

Williams Kong
Palau
2023-11-28
ANSWER Elitetradeltd is an unregulated forex broker. We strongly suggest you avoid engaging with it.Elitetradeltd purports to be regulated by the Financial Conduct Authority (FCA) under Reg number 12890756, but this number is not found in the FCA registry. Its "Certificate of Incorporation" link oddly leads to a CH license for Bitstocks Ltd, seemingly unrelated to Elitetradeltd. Even if the CH certificate were valid and the companies linked, Elitetradeltd would still be unlicensed, as CH registration doesn't authorize UK financial services. Thus, Elitetradeltd lacks regulation, making investment risky due to lack of legal protections.To avoid falling victim to fraud and identity theft, it is advisable to steer clear of unlicensed brokers like Elitetradeltd and instead choose fully regulated ones.
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