Elonexs has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I opened an account with Elonexs for about five months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Responsive team|Low minimum deposit
Cons: Withdrawal takes 1-2 business days|Onboarding videos are outdated
After spending for over a year trying to make Elonexs 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: Educational resources|Multiple order types|Segregated accounts|Easy to use platform
Cons: Desktop app not available on Linux
Do not be fooled by the professional-looking website. Behind the scenes, Elonexs is disorganized and incompetent. I found them based on a colleague's recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Regular platform improvements|Great customer service|Responsive team|Multi-currency support
Cons: No fractional shares
My withdrawal request from Elonexs 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: Good analytical tools|Multi-device support|Good mobile app
Cons: Charting tools need more indicators|Limited ETF selection
Elonexs offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Quick verification|Great customer service|Wide product range|Real-time alerts
Cons: No live chat on mobile|Live chat only during business hours