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EliteFx (elitefx.uk)

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Operating status: SCAM

Website: https://www.elitefx.uk/

Broker violations and abnormal records
  • 2023-08-08 The UK FCA issues a warning against EliteFx (elitefx.uk)

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against EliteFx (elitefx.uk), believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/elitefx-elitefxuk

    On August 9, 2023, the Financial Conduct Authority (FCA) issued a warning against EliteFx (elitefx.uk), believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/elitefx-elitefxuk
  • 2023-08-09 BrokersView has reviewed that EliteFx (elitefx.uk) is an unregulated broker

    While it is true that the operator of EliteFx (elitefx.uk), Elite Fx Ltd, can be located on the register of the Companies House (CH), it still fails to seek authorization from the Financial Conduct Authority (FCA) for offering financial services/products in the UK, as evidenced by the warning from the FCA against EliteFx (elitefx.uk). Mere registration with the CH cannot be considered as the license to legally operate in the financial industry.

    In essence, EliteFx (elitefx.uk) 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.

    While it is true that the operator of EliteFx (elitefx.uk), Elite Fx Ltd, can be located on the register of the Companies House (CH), it still fails to seek authorization from the Financial Conduct Authority (FCA) for offering financial services/products in the UK, as evidenced by the warning from the FCA against EliteFx (elitefx.uk). Mere registration with the CH cannot be considered as the license to legally operate in the financial industry.In essence, EliteFx (elitefx.uk) 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

EliteFx is a SCAM?

Stefan Nakamoto
Haiti
2023-09-04
ANSWER Yes, EliteFx (elitefx.uk) is a scam.While it is true that the allegedly operator of EliteFx (elitefx.uk), Elite Fx Ltd, can be located on the register of the Companies House (CH), shell incorporation is meaningless in any jurisdiction. Besides, there is no solid evidence supports the association between the domain ("elitefx.uk") and the company.More importantly, EliteFx (elitefx.uk) fails to seek authorization from the Financial Conduct Authority (FCA) for offering financial services/products in the UK. According to the warning from the FCA, the platform illegally providing financial services or products in the country without the required authorization.As such, BrokersView strongly suggests investors avoid the unlicensed platform EliteFx (elitefx.uk). Entrusting the platform with funds or personal information is highly risky, as there are no rules in place to prevent fraud or theft. To safeguard investors' interests, it is advisable to steer clear of unlicensed brokers like EliteFx (elitefx.uk) and choose a fully regulated one.
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