Elite Activa Review: What Makes the Financial Services Provider a Scam?

The market is full of financial services providers, and their methods of attracting customers vary. Investment fraudsters promise profits but never mention the risks involved in the trading market. Victims believe they've seized a rare opportunity to make a fortune from their investments, but they don't realize that everything is just an illusion created by the fraudsters.

Recently, a South African investor exposed the cryptocurrency online trading platform Elite Activa. This platform constantly makes things difficult for its clients when they want to withdraw, using subterfuge to ask for inexplicable fees.

This investor deposited R1,000 (about USD$57) with Elite Activa this summer. After days of trading, his account balance reached $4,975.21 in August.

_{A screenshot of the account balance.}

He thought everything was going well with his investment, but the trouble began when he submitted his withdrawal request.

The platform did not mention anything about withdrawal fees beforehand but asked for R3,200 (about $181) when it received a withdrawal request from the client, threatening him with not allowing to payout.

For his profit, the investor did not have too much doubt and paid the money as requested. Unexpectedly, Elite Activa asked him to pay another R2,000 (about $113), and the investor also agreed to pay again.

Now the client can have his money back? Not yet. For the third time, the crypto platform asked the victim for R7,700 (about $436) for a “profit reflection fee,” and the list goes on and on.

“It is important to settle this fee as soon as possible so that you can receive your profit promptly and continue your investment with us without any delays, ” said the customer support.

_{The reply from Elite Activa's customer support.}

Again and again, Elite Activa has blackmailed its clients with withdrawals to pay fees that were not agreed upon beforehand, leaving victims feeling angry and helpless.

Despite the escalating amount of fees required by Elite Activa, he was forced to fulfill the platform's demands in order to get his money back.

He even borrowed money from friends to make the payments. However, the victim was still not able to withdraw his balance.

Elite Activa was founded in October 2019, claiming to be an international investment company registered in the UK.

_{A screenshot of Elite Activa's website.}

The company claims to have direct cooperation with professional traders and cryptocurrency miners around the world and can earn profits for investors every day through the best services.

However, the search result from the UK's financial regulator, the FCA, shows that Elite Activa is not registered with the FCA and is not a legitimate financial services company in the country.

_{No result related to Elite Activa in the FCA registry.}

When a financial service provider claims that it can guarantee to make money for its clients on a daily basis, it is bound to be a scam.

When it comes to trading risky assets in the market, no one can predict the trend with 100% accuracy, nor always make profits.

A legitimate broker would not make such an irresponsible promise of “guaranteed profit” without mentioning the risk.