Elites Trading 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: elitestrading.online.
The onboarding at Elites Trading 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: Responsive team|Professional team
Cons: Wish they had more educational resources
Elites Trading changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Risk management tools|Regular updates|Excellent charting
Cons: Some tools only available on higher tiers
I invested $5,000 with Elites Trading 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 Conduct Authority.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
My card was charged twice by Elites Trading on the same day. I had to dispute it with my bank. Elites Trading 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: Economic calendar|Fast support response
Cons: Onboarding videos are outdated|Research section could be deeper
I joined Elites Trading after a trusted YouTuber reviewed them 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: Dedicated account manager|Excellent charting|Responsive team|Wide product range
Cons: Withdrawal takes 1-2 business days
I invested $10,000 with Elites Trading 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 Conduct Authority.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
I lost a significant amount because Elites Trading did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Multi-device support|Comprehensive tools|Tax reports included|Helpful community forum
Cons: Onboarding videos are outdated
Do not be fooled by the professional-looking website. Behind the scenes, Elites Trading is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Personal attention|Detailed reporting
Cons: Limited ETF selection
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: Appears in regulatory warnings database|Uncertain regulatory status
I had high hopes for Elites Trading from a blog post comparing services, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Helpful community forum|Fast execution|Personal attention|Demo account available
Cons: Wait times can be long during peak hours