Elite Trading Review (2023)
Is Elite Trading a scam or legit broker?
No, it is not safe to trade with Elite Trading as it is not regulated. Elite Trading is owned and operated by Netbit services and solutions limited, Reg. Number 14718830, Address: Harju County, Tallinn, Estonia.
The broker doesn’t provide any information about its regulation or license and it actually seems it doesn’t have any. As it claims to be registered in Estonia, it was supposed to be regulated by the local regulator Estonian Financial Supervision Authority. We didn’t find the mentioned above registration number in the FSA’s register, which means Elite Trading is not regulated to provide its financial services in Estonia as well as other EU countries.
About Elite Trading
| 🗺️ Registered in | Estonia |
| 🗺️ Type of License | No License |
| 🛡️ Is Elite Trading safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Elite Trading claims to be a world-renowned financial services provider offering a range of investment products, including Online Trading and FX. Its high-tech trading platform offers clients across the globe an opportunity to invest in over 1,000 world-class assets including forex, stocks, commodities and indices. Elite Trading gives an opportunity to trade forex, stocks, commodities, indices with zero commissions and fees on its unique next-generation trading platform (desktop, mobile or tablet).
The company mentions Austrian and British contact phone numbers without having offices there or more importantly, without being regulated in those countries.
In fact, the broker has been blacklisted by the Belgian regulator Financial Services and Markets Authority:
“During the last weeks, the FSMA continued to receive complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market. The FSMA therefore strongly advises against responding to any offers of financial services made by the following trading platform: Elite Trading (www.elitetrading.co)”
Conclusion
We advise all investors and traders to avoid Elite Trading and other offshore brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and XM.com.
You can also share your trading experience with Elite Trading by commenting on this review.
Elite Trading website is no longer active.
Reviews
Daniel Becker, representing elite trading, wanted me to trade with him.since he had been dealing with my brother,i let him charge money on my credit card.a few times after that he took more money to add to my trading account balance.now my account shows a substantial profit and Daniel closed the trades.now he is asking me to send him 5% of my profit up front,before he will send me back any of the profit made on my account.after I do that,he said he could send me back whatever I wanted from the remaining money in my account,but once I had received the money,he wanted me to send him another %5 of the profits.previously,when I asked him how much commission he takes,he told me that it would be between 5% and 7% of the profit made on my account.is this the way it is normally done?should I be sending him his commission up front,before I receive ant money back? what would you recommend doing?
They have changed their website address as I guess they have been caught. The old one is and the new . I have tried to get my money back but for sue have now lost it and I need to find someone to help me get these people and get money back
Did you actually get any money back from Daniel Becker or he was just collecting new 5% without any payment at all?
so far i have got nothing back from the company,and i was told daniel becker is no longer with the firm.i was told he got quite sick from covid 19 for a few weeks,and has since recovered.i can no longer reach him at the email address i had been communicating with him previously.
Elite premium trade It’s not a scam site. I invested with them and I get my money out from the platform
I have been online for ten years and in several “businesses”
Every single one that have been scams always pay out. If they didn’t pay out then they would have no customers. This company is NOT legally registered.
They use members money to pay other members, typical Ponzi. Any company that promises returns, especially the amount they tell you they pay, is not sustainable. Do some simple research. It’s a minefield out there and not easy to find a legit business.Get your money out before they get shut down.