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.
1 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.
2 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.
2 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.
2 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.
2 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.
3 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.
3 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.
4 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.
4 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.
5 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