Elite Max Trade has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Elite Max Trade 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: Excellent charting|Risk management tools|Economic calendar
Cons: Minimum deposit could be lower
I closed a profitable position at Elite Max Trade 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: Multiple order types|Fast deposits
Cons: Research section could be deeper|No crypto staking
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Elite Max Trade has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
I wanted to transfer my portfolio from another broker to Elite Max Trade. 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: Stable platform|Great customer service|Professional team|Tax reports included
Cons: Spreads widen during volatile periods
The hidden fees at Elite Max Trade 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: Excellent charting|Wide product range|Good analytical tools|Good mobile app
Cons: Minimum deposit could be lower|Minor UI glitches occasionally
Customer support at Elite Max Trade 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: Detailed reporting|Regular updates|Clear documentation
Cons: Cannot customize dashboard fully
The spread at Elite Max Trade is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Tax reports included|Dedicated account manager|Two-factor authentication
Cons: Limited ETF selection
My card was charged twice by Elite Max Trade on the same day. I had to dispute it with my bank. Elite Max Trade then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Responsive team|Good mobile app
Cons: No crypto staking
I invested $500 with Elite Max Trade after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Cons: No regulatory oversight|Money disappeared|Fake testimonials