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elastostrade

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ANSWER Dear Investor, Thank you for reaching out to us. ElastosTrade seems to be a scam. It claims to be based in Hong Kong, China. However, it appears to be operating without the required license, as our inquiries with the Securities and Futures Commission (HK SFC) haven't found any corresponding records to suggest its legitimacy and compliance. This is a red flag. Therefore, we have reasons to believe ElastosTrade is a scam. We strongly advise against trusting this unlicensed platform.

Is ElastosTrade a SCAM????

cruise

Macedonia

2023-12-25

ANSWER ElastosTrade appears to be a scam due to its lack of regulatory oversight and authorization to operate as a broker. We strongly suggest you avoid ElastosTrade.The platform claims to be based in Hong Kong. However, our search in the register of the Securities and Futures Commission (SFC) yielded no matching results.Traders who deal with brokers operating outside of regulatory frameworks are at risk of falling victim to fraud and identity theft. In such unfortunate events, they have no legal recourse to recover their funds or protect their interests. To mitigate these risks, it is advisable to choose only fully regulated brokers with 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.

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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.