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ELITE CRYPTO EXCHANGE

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Operating status: SCAM

Website: https://www.elitecryptoexchange.com/

Broker violations and abnormal records
  • 2023-08-06 The UK FCA issues a warning against ELITE CRYPTO EXCHANGE

    On August 7, 2023, the Financial Conduct Authority (FCA) issued a warning against ELITE CRYPTO EXCHANGE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/elite-crypto-exchange

    On August 7, 2023, the Financial Conduct Authority (FCA) issued a warning against ELITE CRYPTO EXCHANGE, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/elite-crypto-exchange
  • 2023-08-07 BrokersView has reviewed that ELITE CRYPTO EXCHANGE is an unregulated broker

    ELITE CRYPTO EXCHANGE fails to disclose any regulatory information, a significant scam indicator.

    Furthermore, the Financial Conduct Authority (FCA) has issued a warning against ELITE CRYPTO EXCHANGE, cautioning the public of this unauthorized firm.

    In essence, ELITE CRYPTO EXCHANGE 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 CRYPTO EXCHANGE fails to disclose any regulatory information, a significant scam indicator.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against ELITE CRYPTO EXCHANGE, cautioning the public of this unauthorized firm.In essence, ELITE CRYPTO EXCHANGE 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

Please verify ELITE CRYPTO EXCHANGE's license for me. :)

trader
Rwanda
2023-08-30
ANSWER BrokersView has confirmed that ELITE CRYPTO EXCHANGE doesn't have any license to engage in forex trading and brokerage.The lack of transparency is a red flag. ELITE CRYPTO EXCHANGE fails to disclose any regulatory information, which is a significant scam indicator.In addition, the Financial Conduct Authority (FCA) has issued a warning against ELITE CRYPTO EXCHANGE, saying it is illegally targeting British residents without the required authorization.Therefore, ELITE CRYPTO EXCHANGE is an unregulated broker. It comes with significant risks, such as financial losses and identity theft, which could be financially and personally devastating. Once the money and personal information enter the platform, there are no rules in place to safeguard them. To mitigate such risks, it is advisable to steer clear of unregulated brokers like ELITE CRYPTO EXCHANGE and instead choose a fully regulated one.
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