Elite Coinify Market (elitecoinifymarket.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 77 Massachusetts Ave, Cambridge, MA 02139, USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: elitecoinifymarket.com.
The onboarding at Elite Coinify Market (elitecoinifymarket.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Dividend tracking|Economic calendar|Customizable dashboard
Cons: Currency conversion fee exists|Wait times can be long during peak hours
I had high hopes for Elite Coinify Market (elitecoinifymarket.com) after comparing multiple platforms, 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: Risk management tools|Intuitive for beginners|Reliable uptime
Cons: Onboarding videos are outdated|Minimum deposit could be lower
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Elite Coinify Market (elitecoinifymarket.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Detailed reporting|Intuitive for beginners|Personal attention
Cons: Some tools only available on higher tiers|Inactivity fee applies after 12 months
KYC with Elite Coinify Market (elitecoinifymarket.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Risk management tools|Good mobile app|Automated trading options
Cons: None so far
The hidden fees at Elite Coinify Market (elitecoinifymarket.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: Risk management tools|Economic calendar
Cons: Nothing significant
I signed up with Elite Coinify Market (elitecoinifymarket.com) while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Tax reports included|Fast execution|Real-time alerts
Cons: Wait times can be long during peak hours|Onboarding videos are outdated
I requested my data from Elite Coinify Market (elitecoinifymarket.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: No hidden fees|Good analytical tools|Wide product range|Dedicated account manager
Cons: Spreads widen during volatile periods|Email notifications too frequent