Elite CFDs (elitecfds.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: elitecfds.com.
The only good thing about Elite CFDs (elitecfds.com) is that they remind you why regulation matters. I found them through a financial advisor. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Transparent fees|Fast deposits|Multi-currency support
Cons: Wait times can be long during peak hours
I requested my data from Elite CFDs (elitecfds.com) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Clean UI|Intuitive for beginners
Cons: No dark mode on mobile|Nothing significant
I am in a dispute with Elite CFDs (elitecfds.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Intuitive for beginners|Fast deposits
Cons: Account statements could be more detailed
I opened an account with Elite CFDs (elitecfds.com) for nearly two years ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Regular updates|Good mobile app
Cons: Live chat only during business hours|Minimum deposit could be lower
Elite CFDs (elitecfds.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Low minimum deposit|Dedicated account manager|Demo account available|Personal attention
Cons: Limited social trading features
After for a couple of months now with Elite CFDs (elitecfds.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Customizable dashboard|Multi-currency support|Smooth onboarding
Cons: Slow to add new assets|Onboarding videos are outdated
My withdrawal from Elite CFDs (elitecfds.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for just over a year of being strung along.
Pros: Helpful community forum|Portfolio tracking tools|Excellent charting
Cons: Currency conversion fee exists|Onboarding videos are outdated
I lost a significant amount because Elite CFDs (elitecfds.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: API access|Market news feed
Cons: Cannot customize dashboard fully|Spreads widen during volatile periods
After spending for about five months trying to make Elite CFDs (elitecfds.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: No hidden fees|Excellent charting
Cons: Inactivity fee applies after 12 months