BrokersView
Search
Download
English
Sign In

Elite CFDs

Save

Operating status: SCAM

Website: https://elitecfds.com/

Broker violations and abnormal records
  • 2023-07-27 The UK FCA adds Elite CFDs to its warning list

    On July 28, 2023, the Financial Conduct Authority (FCA) issued a warning against Elite CFDs, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/elite-cfds

    On July 28, 2023, the Financial Conduct Authority (FCA) issued a warning against Elite CFDs, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/elite-cfds
  • 2023-07-30 BrokersView has reviewed that Elite CFDs is an unregulated broker

    Elite CFDs claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under Reg number 1379LLC2021. While we did locate a company under the number in the SVG FSA register, the company's name, Tiqfx LLC, appears to have no association with Elite CFDs as we couldn't find any information on the website of Elite CFDs suggesting possible connection between them. As such, we remain suspicious about its SVG FSA registration.

    Furthermore, the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. Therefore, Elite CFDs is not licensed.

    More importantly, the Financial Conduct Authority (FCA) has added Elite CFDs to its warning list as an unauthorized firm.

    In essence, Elite CFDs is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Elite CFDs claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under Reg number 1379LLC2021. While we did locate a company under the number in the SVG FSA register, the company's name, Tiqfx LLC, appears to have no association with Elite CFDs as we couldn't find any information on the website of Elite CFDs suggesting possible connection between them. As such, we remain suspicious about its SVG FSA registration.Furthermore, the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. Therefore, Elite CFDs is not licensed.More importantly, the Financial Conduct Authority (FCA) has added Elite CFDs to its warning list as an unauthorized firm.In essence, Elite CFDs is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Elite CFDs doesn't allow me to withdraw. Scam?

Bruce Wayne
Comoros
2023-08-17
ANSWER It is evident that Elite CFDs is a scam as it is not only unlicensed but also has been warned by a financial regulator. Your inability to make a withdrawal is among other common situations in such scams.Elite CFDs claims to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under Reg number 1379LLC2021. While we did locate a company under the number in the SVG FSA register, the company's name, Tiqfx LLC, appears to have no association with Elite CFDs as we couldn't find any information on the website of Elite CFDs suggesting possible connection between them. As such, we remain suspicious about its SVG FSA registration.Furthermore, the offshore financial watchdog has explicitly stated that entities engaging in forex trading and brokerage are not licensed from this jurisdiction. Therefore, Elite CFDs is not licensed.More importantly, the Financial Conduct Authority (FCA) has added Elite CFDs to its warning list as an unauthorized firm. You can refer here for the full warning.In conclusion, since Elite CFDs is not a legit broker, we strongly suggest you proceed with extreme caution and have no further dealings with it. It is advisable to report it to local authorities. Please do not trust anyone claiming to be able to recover your money, which is a "recovery scam" red-flagged by the FCA either.
See more

comments

Be the first to review.
Rate and Review

Your review

App Store

Google Play

Company Shop Application About Us Our Methodology Privacy Policy Contact Us

Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.