Reported Website: https://elite-fxtrade.com/
Elite FX Trade is an obvious scam for two main reasons. First, Elite FX Trade claims it was founded in 2009 as an investment or stock trading company. But when we checked its domain, we found it was newly created on 31 Jul 2022. So how could it start its business in 2009? It is a red flag here. Second, Elite FX Trade claims to be a regulated firm while presenting neither details about its company office address and regulations, nor legal documents (risk disclosure, privacy policy, etc.). Lacking the above information is a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. The truth is that Elite FX Trade is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
