ELITETRADE LTD has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 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.elitetradeltd.net.
ELITETRADE LTD 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: Detailed reporting|Good analytical tools
Cons: Email notifications too frequent
I requested my data from ELITETRADE LTD 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: Quick verification|Two-factor authentication|Real-time alerts
Cons: Live chat only during business hours
Opened my account with ELITETRADE LTD after a trusted YouTuber reviewed them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Good analytical tools|Fast support response
Cons: Minor UI glitches occasionally
After for about ten months with ELITETRADE LTD, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Educational resources|Easy withdrawals
Cons: Currency conversion fee exists
I want to warn everyone about ELITETRADE LTD. 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: No regulatory oversight|Money disappeared|Fake testimonials
The hidden fees at ELITETRADE LTD 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: Personal attention|Intuitive for beginners|Easy to use platform|Automated trading options
Cons: Live chat only during business hours|None so far
KYC with ELITETRADE LTD 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: Multi-currency support|Dividend tracking|Quick verification|Fast support response
Cons: Onboarding videos are outdated
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. ELITETRADE LTD said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Competitive fees|Customizable dashboard
Cons: Wish they had more educational resources
For anyone considering ELITETRADE LTD, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
ELITETRADE LTD offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Transparent fees|Competitive fees
Cons: No phone support on weekends|None so far