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.
I am in a dispute with Elon Coin Trade (eloncointrade.com) 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: Personal attention|Tax reports included|Good mobile app|Regular updates
Cons: Inactivity fee applies after 12 months
The onboarding at Elon Coin Trade (eloncointrade.com) 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: Intuitive for beginners|Market news feed|Educational resources
Cons: Limited ETF selection|Minimum deposit could be lower
I had high hopes for Elon Coin Trade (eloncointrade.com) after seeing their ad online, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Demo account available|Responsive team|Dividend tracking
Cons: Minimum deposit could be lower
After since mid-2025 with Elon Coin Trade (eloncointrade.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Multi-currency support|Full transparency|Fast support response
Cons: Some tools only available on higher tiers|Currency conversion fee exists
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. Elon Coin Trade (eloncointrade.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: High security standards|Multi-currency support
Cons: Minor UI glitches occasionally|Email notifications too frequent