Forex Brokers

Elite Cloud Ltd (elitecloudltd.com)

1.6 (11 reviews)
🇦🇺 Australia
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1.6
11 reviews
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About Elite Cloud Ltd (elitecloudltd.com)

Elite Cloud Ltd (elitecloudltd.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +17372774360

Addresses: 48 East St Barking IG11 SEW United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: elitecloudltd.com.

Customer Reviews

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Trading execution is suspicious

R
Ryan X.
2 weeks ago

I closed a profitable position at Elite Cloud Ltd (elitecloudltd.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.

Pros: Social trading features|Real-time alerts

Cons: Withdrawal takes 1-2 business days

Support ghosted me

M
Michelle J.
1 months ago

I am in a dispute with Elite Cloud Ltd (elitecloudltd.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: Great customer service|Quick verification|Dividend tracking|Stable platform

Cons: Cannot customize dashboard fully

Cannot transfer out in kind

C
Connor P.
2 months ago

Elite Cloud Ltd (elitecloudltd.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Easy withdrawals|Educational resources|Easy to use platform|Full transparency

Cons: Minor UI glitches occasionally|Cannot customize dashboard fully

Spread widened during news without notice

F
Felix T.
4 months ago

Elite Cloud Ltd (elitecloudltd.com) locked my account without warning and demanded documents I had already submitted. for over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Segregated accounts|Good mobile app

Cons: Minor UI glitches occasionally

Account locked for no reason

P
Patrick I.
4 months ago

I had high hopes for Elite Cloud Ltd (elitecloudltd.com) through a financial advisor, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Demo account available|Multiple order types|Excellent charting|API access

Cons: Research section could be deeper

Payout delayed for 60 days

J
John O.
5 months ago

The hidden fees at Elite Cloud Ltd (elitecloudltd.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Pros: Multi-device support|Fast deposits|Multiple order types|Two-factor authentication

Cons: Limited demo account features

Must sell everything to leave

C
Catherine F.
6 months ago

I had a dispute with Elite Cloud Ltd (elitecloudltd.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Clear documentation|Portfolio tracking tools

Cons: No phone support on weekends|Slow to add new assets

I have filed a complaint

T
Trevor P.
9 months ago

Do not use Elite Cloud Ltd (elitecloudltd.com) for anything serious. I used them for about five months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Tax reports included|Market news feed|Copy trading available|Comprehensive tools

Cons: Limited social trading features

My worst experience with a financial platform

H
Harry S.
10 months ago

Customer support at Elite Cloud Ltd (elitecloudltd.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.

Pros: Regular platform improvements|Clean UI

Cons: Live chat only during business hours|Mobile app could be improved

White label of a bad platform

H
Helen K.
10 months ago

The spread at Elite Cloud Ltd (elitecloudltd.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.

Pros: Low minimum deposit|Comprehensive tools|Transparent fees

Cons: Limited cryptocurrency options|Mobile app could be improved