FX Elite Trader Review – Elite Brokerage Or Another Scam?

FX Elite Trader presents itself as a smart investment in the future. However, we wouldn’t call it that way. Investing money in unregulated firms is far from smart, and the future doesn’t look as bright. Read our FX Elite Trader review and find out all the details.

What About FX EliteTrader Regulation?

This company is allegedly based in the Netherlands, implying it should be regulated by the AMF. Unfortunately, that’s not the case. Furthermore, we have no information about the owner since legal documents left the company name blank. Also, the governing law hasn’t been mentioned, and as the company is not AMF-regulated, you are not entitled to any compensation funds. All in all, if you get scammed by FX Elite Trader, you will be on your own. And that’s something we do not recommend.

In addition to the above, we strongly advise you not to invest in Holding Partners, Tradiso and Dominion Markets fraudulent brokers.

Fund Withdrawal Issues With FX Elite Trader Broker

As explained, FX Elite Trader is an entirely anonymous trading firm. It claims to be in the business since 2019, but we found nothing to back up the statement. Clients have reported numerous withdrawal issues, saying that their accounts are frozen once they want to get the money back. And since the brokerage is not regulated, they have nobody to complain to.

If you find yourself defrauded and unable to withdraw your funds, let us know.

FX EliteTrader Trading Software

Clients that have an account with an FX Elite Trader broker can choose between a proprietary Web trader and an MT5. Both are available for desktop, while MT5 has only an Android mobile version. Why is that? We cannot tell.

The Web trader itself looks solid, with a solid number of charts and indicators. Yet, it can never be compared to software such as MetaTrader that allows EAs, social trading, and more. However, when provided by an unregulated firm, the software doesn’t worth much. For example, basic trading conditions such as minimum deposit and leverage are not disclosed, so you have no idea what you’re putting yourself into. And that’s your queue to leave.

Areas Of FX Elite Trader Trading Scam

From all we know, FX Elite Trader is mainly focused on clients from the UK, Belgium, and the UAE. Yet, there are more victims around the globe, with the broker being unregulated and without any special restrictions. Note that involving yourself with this scam firm will lead to only one outcome – you will lose everything you have.

Traders About FX EliteTrader Scam

If you check FX Elite Trader reviews, you will find that the majority is negative. The broker is promising clients trading software with 90% of accuracy when opening trades. Unfortunately, there’s no such software, and it’s just a nice story to extort the money. Once the time for payouts comes, you will see all your funds disappearing under fake excuses – the market went against you, you opened a wrong trade, and more.

How Does Online Trading Scam Work?

Online trading scams usually start with a fake ad. FX Elite Trader is placing one about automated trading software that will magically make you money overnight. You may even make a profit initially so that the account manager has a valid reason to ask you to invest more. And once you do, you will never get a penny back. No matter how many withdrawal requests you submit, your funds will simply vanish.

If you recognize yourself in this story, it’s time to file a complaint.

Also remember the names of the HQ Trade, Limeberg and Finmax trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Scammed by FX EliteTrader? – Tell Us Your Story

Suppose you have been involved with FX Elite Trader. High chance that you have been scammed and can’t get your money back. In that case, you should file a dispute for a chargeback.

But What Is A Chargeback?

A chargeback is a way for your bank to return what you’ve lost due to scams. Contact us via online chat to book a free consultation, and let’s see how to get your money back before it’s too late!