Elite Forex Trades has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Elite Forex Trades had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Professional team|Responsive team|Personal attention|Clean UI
Cons: No integrated tax optimization|Limited ETF selection
I requested my data from Elite Forex Trades 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: Helpful community forum|Educational resources
Cons: Limited ETF selection|Currency conversion fee exists
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Elite Forex Trades 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: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I looked into Elite Forex Trades and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Flagged by international regulators|Due diligence required
I found Elite Forex Trades after a friend recommended them and the initial impression was positive. But for close to eighteen months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Detailed reporting|Full transparency|Professional team
Cons: Alert system is basic|Minimum deposit could be lower
After seeing ads for Elite Forex Trades online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
I opened an account with Elite Forex Trades for about ten months 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: Fast support response|Demo account available|Transparent fees
Cons: Limited cryptocurrency options
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 Forex Trades said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Detailed reporting|Easy withdrawals|Reliable uptime|Excellent charting
Cons: Help articles are sometimes vague|No crypto staking
Do not be fooled by the professional-looking website. Behind the scenes, Elite Forex Trades is disorganized and incompetent. I found them after doing extensive research and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Responsive team|Regular updates|Great customer service
Cons: No dark mode on mobile|Would like more payment methods