Elite Mastery 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. Website domain: www.edgestrategiesfx.com.
I gave Elite Mastery a fair chance. After since the beginning of the year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Responsive team|Risk management tools
Cons: Onboarding videos are outdated|Currency conversion fee exists
I wanted to transfer my portfolio from another broker to Elite Mastery. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: No hidden fees|Competitive fees
Cons: Live chat only during business hours|Email notifications too frequent
I want to warn everyone about Elite Mastery. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I joined Elite Mastery after attending a webinar they hosted 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: Transparent fees|Regular updates
Cons: Wish they had more educational resources|Help articles are sometimes vague
The so-called education at Elite Mastery is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since I opened my account last year thinking they would help me learn.
Pros: Customizable dashboard|Clean UI|Transparent fees|Automated trading options
Cons: Research section could be deeper
Several red flags with Elite Mastery: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I requested my data from Elite Mastery 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: Fast support response|Responsive team|Demo account available|High security standards
Cons: Inactivity fee applies after 12 months|Search feature is basic
Customer support at Elite Mastery 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: Tax reports included|Two-factor authentication|Market news feed
Cons: Slow to add new assets
Elite Mastery has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Copy trading available|Market news feed|No hidden fees
Cons: Desktop app not available on Linux|Cannot customize dashboard fully
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Elite Mastery 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: Lost entire investment|Reported to authorities|Unresponsive