Elixir Financial Management has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". 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.elixirfinancialmanagement.com.
After spending for just over a year trying to make Elixir Financial Management work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multi-device support|Educational resources
Cons: Limited cryptocurrency options
The onboarding at Elixir Financial Management 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: Social trading features|Personal attention|Customizable dashboard
Cons: Would like more payment methods|Minimum deposit could be lower
After using Elixir Financial Management for about three months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Excellent charting|Competitive fees|Quick verification|Fast support response
Cons: No dark mode on mobile
I trusted Elixir Financial Management 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: Dedicated account manager|Market news feed|Full transparency|Demo account available
Cons: Email notifications too frequent|Would like more payment methods
I gave Elixir Financial Management a fair chance. After for over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Automated trading options|Reliable uptime
Cons: Account statements could be more detailed
My withdrawal from Elixir Financial Management was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past six months of being strung along.
Pros: Educational resources|Real-time alerts
Cons: Spreads widen during volatile periods|No integrated tax optimization