ellyx_p2p has been flagged by Financial Services 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.
I closed a profitable position at ellyx_p2p 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: Clean UI|Real-time alerts
Cons: Charting tools need more indicators
I am in a dispute with ellyx_p2p over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: API access|Segregated accounts|Fast deposits|Easy withdrawals
Cons: Some tools only available on higher tiers
ellyx_p2p 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: Customizable dashboard|Intuitive for beginners|Easy withdrawals|Automated trading options
Cons: No phone support on weekends|Some tools only available on higher tiers
My card was charged twice by ellyx_p2p on the same day. I had to dispute it with my bank. ellyx_p2p 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: Clear documentation|Economic calendar|Segregated accounts|Multiple order types
Cons: Limited demo account features
The mobile app from ellyx_p2p is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Customizable dashboard|Clear documentation
Cons: Would like more payment methods
After doing some research AFTER the fact (I know, I should have done this first), I discovered that ellyx_p2p is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Several red flags with ellyx_p2p: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I have been trying to close my account with ellyx_p2p for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Real-time alerts|Full transparency|Easy to use platform
Cons: Limited demo account features|No live chat on mobile
If you are reading this considering ellyx_p2p - run. I wish I had read more negative reviews after doing extensive research. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Automated trading options|Fast support response|Dividend tracking
Cons: No live chat on mobile
Do not be fooled by the professional-looking website. Behind the scenes, ellyx_p2p is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Copy trading available|API access|Low minimum deposit|Tax reports included
Cons: Currency conversion fee exists|Limited ETF selection