elitetrader.io has been flagged by AMF (France) for "Unauthorised". Category: Produits_dérivés_sur_crypto-actifs This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: elitetrader.io.
Where do I even begin with elitetrader.io? for nearly two years of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Two-factor authentication|Segregated accounts
Cons: Desktop app not available on Linux
My withdrawal request from elitetrader.io 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: Smooth onboarding|Fast execution|Economic calendar|Customizable dashboard
Cons: No crypto staking|Limited demo account features
The hidden fees at elitetrader.io 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: Two-factor authentication|Risk management tools
Cons: None so far|Mobile app could be improved
I closed a profitable position at elitetrader.io 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: Multi-device support|Intuitive for beginners|Great customer service
Cons: Limited demo account features|None so far
elitetrader.io advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Copy trading available|Transparent fees
Cons: Research section could be deeper
I had a dispute with elitetrader.io and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Educational resources|Regular platform improvements
Cons: Email notifications too frequent
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. elitetrader.io recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Wide product range|Excellent charting
Cons: Live chat only during business hours|Withdrawal takes 1-2 business days
elitetrader.io locked my account without warning and demanded documents I had already submitted. for the past six months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Social trading features|Clean UI
Cons: Currency conversion fee exists|Mobile app could be improved
I referred a friend to elitetrader.io after comparing multiple platforms. 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: Tax reports included|Instant funding
Cons: Website design could be more modern
The reporting at elitetrader.io is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Social trading features|Transparent fees
Cons: Would like more payment methods|Search feature is basic