Cryptocurrency Exchanges

Elonzex

1.4 (13 reviews)
🇳🇿 New Zealand
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1.4
13 reviews
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About Elonzex

Elonzex 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.

Customer Reviews

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I want my money back

L
Lindsey P.
7 months ago

Elonzex has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Low minimum deposit|Fast execution|Excellent charting|Professional team

Cons: Help articles are sometimes vague|Inactivity fee applies after 12 months

Warning to all investors

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William L.
8 months ago

I invested $5,000 with Elonzex after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.

Pros: Professional looking website

Cons: Lost entire investment|Reported to authorities|Unresponsive

Where do I even begin

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Samantha G.
8 months ago

I signed up with Elonzex based on a colleague's recommendation 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: Quick verification|No hidden fees

Cons: Wait times can be long during peak hours|No dark mode on mobile

They do not honor their terms

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Aaron S.
8 months ago

The so-called education at Elonzex is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about three months thinking they would help me learn.

Pros: Customizable dashboard|Clean UI|Fast execution

Cons: Limited social trading features|Desktop app not available on Linux

No investor compensation scheme

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Lauren T.
8 months ago

The reporting at Elonzex is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.

Pros: Good mobile app|No hidden fees|Dedicated account manager

Cons: Research section could be deeper|No live chat on mobile

Multi-account management missing

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Nora M.
9 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Elonzex is disorganized and incompetent. I found them when my bank disappointed me and I searched for alternatives and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Portfolio tracking tools|Dedicated account manager

Cons: Desktop app not available on Linux|Wish they had more educational resources

Proceed with extreme caution

S
Susan M.
9 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Elonzex has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Cons: Not registered with regulators|Unrealistic promises

They blocked me after I invested

J
James M.
10 months ago

After doing some research AFTER the fact (I know, I should have done this first), I discovered that Elonzex 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: Withdrawal fees demanded|Communication cut off|Not authorized

Calls at odd hours to upsell

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Ruby W.
11 months ago

Elonzex 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: Multi-currency support|Professional team|Clean UI|Demo account available

Cons: Spreads widen during volatile periods|No fractional shares

Disgraceful treatment of customers

C
Chloe V.
11 months ago

Where do I even begin with Elonzex? for just over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.

Pros: API access|Social trading features|Reliable uptime|Copy trading available

Cons: Onboarding videos are outdated|No dark mode on mobile