The allure of online trading, with its promises of lucrative returns and financial independence, has attracted countless investors seeking opportunities in the digital marketplace. This Elitetradeltd Review provides insightful information on areas to be wary of, particularly when it comes to Forex scams, cryptocurrency scams, phishing scams, romance scams, Bitcoin scams, Gift card scams, and other possibly fraudulent activities..
They engage in open deception, fabricating virtually every aspect presented to lure you into depositing funds, with the sole intention of pocketing every penny. If you are contemplating the prospect of easy cash through Elite Trade Ltd, trading the array of instruments featured in their presentation.
Website – https://elitetradeltd.org/
Address – Tower 42, 25 Old Broad Street, London EC2N 1HN United Kingdom
Regulation – Unregulated
Warning – Not recommended by review website like Cyber Scam Recovery
Elitetradeltd Review: Regulatory Red Flags
Elitetradeltd claims to be regulated by the Financial Conduct Authority (FCA) under the registration number 12890756. However, a thorough search in the FCA registry fails to yield any results associated with this number. This discrepancy raises immediate concerns about the legitimacy of elitetradeltd.org regulatory status.
Further investigation reveals an additional red flag – the link labeled “Certificate of Incorporation” on Elitetradeltd’s platform directs users to a CH license under Bitstocks Ltd. Strangely, Bitstocks Ltd appears to have no apparent connection to elitetradeltd.org. This inconsistency adds to the growing list of suspicious activities surrounding Elitetradeltd.
Legal Authorization Issues
It’s essential to understand that registration with Companies House (CH) does not automatically grant authorization to legally provide financial services or products in the UK. Even if Elitetradeltd were associated with the CH certificate it presents, the lack of proper licensing renders the company unauthorized to operate legally in the financial sector.
The Absence of Regulatory Oversight
In essence, EliteTradeLtd operates without regulation from any governing body. This absence of oversight raises serious concerns for investors. Regulation is a crucial aspect of the financial industry, providing a level of accountability and protection for traders. Without this regulatory backing, investors are exposed to heightened risks, as there are no legal safeguards in place to protect their funds.
The trading platform offered by Elitetradeltd
The Elitetradeltd.org trading platform lacks detailed information despite featuring several images that suggest its existence. In reality, the platform is not clearly explained, and our attempts to access a functional trading platform post-registration were unsuccessful.
Elitetradeltd Review: Minor Payment Options
Elite Trade Ltd claims a minimum deposit requirement of just 100 GBP, this does little to alter the fact that we are dealing with an essentially anonymous website that openly asserts regulatory compliance, despite displaying all the classic signs of a scam.
Elitetradeltd seemingly exclusively accepts cryptocurrency payments, aligning with the overall dubious nature of the website. Withdrawals from unregulated scam platforms like Elitetradeltd are typically fraught with complications. Notably, users may encounter exorbitant withdrawal processing and handling fees, which are applicable regardless of the approval status of the withdrawal request.
Trading Conditions: Spreads and Leverages
Elitetradeltd fails to provide information on its actual spreads. The absence of access to a functional trading platform further compounds the issue, especially considering the dubious nature of an unregulated and essentially anonymous entity.
Regarding the maximum leverage offered on Elitetradeltd alleged platform, uncertainty looms. Given the untrustworthy nature of the website, characterized by its lack of regulation and virtual anonymity, determining the accuracy of any information provided remains questionable.
Elitetradeltd Review: Conclusion
If you’ve been targeted by a scam, be it the Elitetradeltd scam or any other fraudulent activity, we encourage you to visit our website and fill out a complaint form. Our experts are ready to offer a free consultation on the process of recovering your funds.
Checkout the list of scam brokers 2024 and scam brokers 2023.
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Originally posted 2023-11-20 12:00:24.