Forex Brokers

Elon Coin Trade (eloncointrade.com)

1.7 (15 reviews)
🇦🇺 Australia
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1.7
15 reviews
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About Elon Coin Trade (eloncointrade.com)

Elon Coin Trade (eloncointrade.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 20 to 22 Wenlock Road London England N1 7GU 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.eloncointrade.com.

Customer Reviews

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Account manager disappeared after deposit

D
Dean F.
4 days ago

I found Elon Coin Trade (eloncointrade.com) through a financial advisor and the initial impression was positive. But since mid-2025 later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Good mobile app|Economic calendar|Risk management tools|Multiple order types

Cons: Limited cryptocurrency options|Limited demo account features

Market maker conflict

G
Gabrielle K.
4 weeks ago

Do not believe the bonus offer from Elon Coin Trade (eloncointrade.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.

Pros: Wide product range|Reliable uptime|Comprehensive tools|Portfolio tracking tools

Cons: Research section could be deeper

Completely let down by Elon Coin Trade (eloncointrade.com)

W
Wyatt S.
2 months ago

I wanted to transfer my portfolio from another broker to Elon Coin Trade (eloncointrade.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.

Pros: Quick verification|Real-time alerts|Multiple order types|Wide product range

Cons: No live chat on mobile|Alert system is basic

I have filed a complaint

G
Gabrielle A.
4 months ago

The platform at Elon Coin Trade (eloncointrade.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since the beginning of the year of dealing with this, I have had enough.

Pros: Comprehensive tools|Multi-device support|Multiple order types|Helpful community forum

Cons: Limited social trading features|Limited demo account features

Not even close to acceptable

G
Graham M.
4 months ago

My withdrawal from Elon Coin Trade (eloncointrade.com) 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 just over a year of being strung along.

Pros: Excellent charting|Easy withdrawals

Cons: Withdrawal takes 1-2 business days|Limited demo account features

Spread betting is rigged

E
Emily H.
5 months ago

I signed up with Elon Coin Trade (eloncointrade.com) after a trusted YouTuber reviewed them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.

Pros: Portfolio tracking tools|Automated trading options|Regular platform improvements|Regular updates

Cons: Mobile app could be improved

They ignore every complaint

V
Vincent Y.
5 months ago

Elon Coin Trade (eloncointrade.com) 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: Easy to use platform|Copy trading available|Stable platform

Cons: Alert system is basic|Search feature is basic

Demo and live behave differently

E
Ella A.
6 months ago

I lost a significant amount because Elon Coin Trade (eloncointrade.com) 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: Easy to use platform|Stable platform|Smooth onboarding|Great customer service

Cons: No live chat on mobile|Limited social trading features

Rejected my profitable withdrawal

R
Rebecca N.
8 months ago

Elon Coin Trade (eloncointrade.com) 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: Great customer service|Good analytical tools|Economic calendar

Cons: Spreads widen during volatile periods

Beyond repair at this point

H
Helen A.
9 months ago

I closed a profitable position at Elon Coin Trade (eloncointrade.com) 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: Fast deposits|Responsive team

Cons: Cannot customize dashboard fully