ELITE DIGITAL MARKET has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.elitedigitalmarket.com.
My withdrawal from ELITE DIGITAL MARKET 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 over three years of being strung along.
Pros: Easy withdrawals|Instant funding
Cons: Limited social trading features
After for the past six months with ELITE DIGITAL MARKET 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: Dedicated account manager|Helpful community forum|Comprehensive tools
Cons: Alert system is basic|Slow to add new assets
The platform at ELITE DIGITAL MARKET is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past six months of dealing with this, I have had enough.
Pros: Professional team|Quick verification
Cons: Wish they had more educational resources|Account statements could be more detailed
After doing some research AFTER the fact (I know, I should have done this first), I discovered that ELITE DIGITAL MARKET is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I joined ELITE DIGITAL MARKET through my accountant's suggestion and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Automated trading options|Fast deposits|Multiple order types|Instant funding
Cons: Account statements could be more detailed|Limited demo account features
I experienced a security concern with my ELITE DIGITAL MARKET account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Wide product range|Customizable dashboard|Good analytical tools
Cons: Limited demo account features|Email notifications too frequent
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. ELITE DIGITAL MARKET said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Social trading features|Helpful community forum|Wide product range|Regular platform improvements
Cons: Desktop app not available on Linux|Minimum deposit could be lower
My withdrawal request from ELITE DIGITAL MARKET has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Social trading features|Educational resources
Cons: Wait times can be long during peak hours
Do not be fooled by the professional-looking website. Behind the scenes, ELITE DIGITAL MARKET is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Easy withdrawals|Intuitive for beginners|Multi-device support
Cons: Would like more payment methods
ELITE DIGITAL MARKET has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Tax reports included|Market news feed|Professional team|Demo account available
Cons: No crypto staking