Forex Elite Academy Limited has been flagged by Commissione Nazionale per le Società e la Borsa for "Unregistered/Unlicensed entity offering financial products or services|Genera...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I was about to invest with Forex Elite Academy Limited but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Commissione Nazionale per le Società e la Borsa has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I requested my data from Forex Elite Academy Limited under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Clean UI|Segregated accounts
Cons: Website design could be more modern|No fractional shares
The so-called education at Forex Elite Academy Limited 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 roughly four months thinking they would help me learn.
Pros: Excellent charting|Social trading features|Quick verification
Cons: Slow to add new assets|Nothing significant
Do not believe the bonus offer from Forex Elite Academy Limited. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after doing extensive research and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Stable platform|Automated trading options|Multiple order types|API access
Cons: Onboarding videos are outdated|Some tools only available on higher tiers
I was contacted by Forex Elite Academy Limited through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Do not be fooled by the professional-looking website. Behind the scenes, Forex Elite Academy Limited is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Regular updates|Good mobile app|Helpful community forum
Cons: Limited social trading features|Withdrawal takes 1-2 business days
Forex Elite Academy Limited 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: Market news feed|Tax reports included|Intuitive for beginners
Cons: Wish they had more educational resources
I referred a friend to Forex Elite Academy Limited after hearing about them at a conference. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Real-time alerts|Good mobile app|Customizable dashboard|Excellent charting
Cons: Nothing significant
After spending for over three years trying to make Forex Elite Academy Limited 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: Clean UI|Risk management tools
Cons: Inactivity fee applies after 12 months