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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