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.
The onboarding at ELITEGLOBALFX was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Smooth onboarding|Stable platform|Segregated accounts|Comprehensive tools
Cons: Onboarding videos are outdated
I was about to invest with ELITEGLOBALFX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comisión Nacional del Mercado de Valores has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The hidden fees at ELITEGLOBALFX 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: Great customer service|Risk management tools|Multiple order types|Clean UI
Cons: Wait times can be long during peak hours
I requested my data from ELITEGLOBALFX 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: Good analytical tools|Regular updates|Fast support response
Cons: Wish they had more educational resources|Nothing significant