Forex Brokers

ELITEGLOBALFX

1.3 (14 reviews)
🇪🇸 Spain
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1.3
14 reviews
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About ELITEGLOBALFX

ELITEGLOBALFX has been flagged by Comisión Nacional del Mercado de Valores 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.

Customer Reviews

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Misleading advertising

C
Chloe E.
1 weeks ago

I joined ELITEGLOBALFX after seeing their ad online 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: API access|Comprehensive tools

Cons: None so far

Feeling robbed honestly

L
Laura F.
1 months ago

After for about eight months with ELITEGLOBALFX 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: Good analytical tools|Risk management tools

Cons: No crypto staking

Cannot withdraw funds - classic scam

M
Maria V.
1 months ago

I invested $1,000 with ELITEGLOBALFX 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 Comisión Nacional del Mercado de Valores.

Cons: No regulatory oversight|Money disappeared|Fake testimonials

Not worth a single penny

J
James O.
1 months ago

I referred a friend to ELITEGLOBALFX through a financial advisor. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Fast deposits|Two-factor authentication|Stable platform|Comprehensive tools

Cons: No fractional shares|Onboarding videos are outdated

Must sell everything to leave

J
James H.
2 months ago

KYC with ELITEGLOBALFX 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: High security standards|Segregated accounts|Low minimum deposit

Cons: Nothing significant|Wish they had more educational resources

Regulatory warning exists for this firm

H
Harry O.
2 months ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Cons: Flagged by international regulators|Due diligence required

Zero accountability

L
Lindsey F.
5 months ago

The spread at ELITEGLOBALFX is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.

Pros: Quick verification|Clean UI|Fast execution|Multiple order types

Cons: Inactivity fee applies after 12 months

I cannot say a single positive thing

H
Hannah G.
6 months ago

I trusted ELITEGLOBALFX with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Quick verification|Demo account available|Real-time alerts

Cons: Limited social trading features|Some tools only available on higher tiers

Arbitration clause traps you

M
Maya O.
7 months ago

My withdrawal request from ELITEGLOBALFX 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: Fast support response|Good analytical tools|Transparent fees|Reliable uptime

Cons: No fractional shares|No live chat on mobile

Beware - This company is not legitimate

H
Harry J.
9 months ago

I want to warn everyone about ELITEGLOBALFX. They have been flagged by Comisión Nacional del Mercado de Valores 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: Blocked my account|No legitimate license|Fake returns