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Tradefxelite

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Operating status: SCAM

Website: https://www.tradefxelite.com/

Broker violations and abnormal records
  • 2023-11-23 The UK FCA issued a warning against Tradefxelite

    On 24 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Tradefxelite was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/tradefxelite

    On 24 November 2023, the United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Tradefxelite was providing financial services or products in the UK without authorisation. You may visit: https://www.fca.org.uk/news/warnings/tradefxelite
  • 2023-11-28 BrokersView has Reviewed that ​Tradefxelite is an Unregulated Broker

    Tradefxelite claims to be registered under the UK Companies House (CH). We searched by the company name Tradefxelite but found a mismatch for one company TRADE FX ELITE LTD which had a different company number and registered office address than Tradefxelite, when we searched by company number 764643562 there were no results.

    Tradefxelite also claims to be regulated by Australian Securities and Investment Commission (ASIC), however we found no matching results on ASIC. It's a red flag.

    The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Tradefxelite was providing finacial services or products without authorisation.

    The truth is that Tradefxelite is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.

    Tradefxelite is a scam.

    Tradefxelite claims to be registered under the UK Companies House (CH). We searched by the company name Tradefxelite but found a mismatch for one company TRADE FX ELITE LTD which had a different company number and registered office address than Tradefxelite, when we searched by company number 764643562 there were no results.Tradefxelite also claims to be regulated by Australian Securities and Investment Commission (ASIC), however we found no matching results on ASIC. It's a red flag.The United Kingdom Financial Conduct Authority (UK FCA) issued a warning that Tradefxelite was providing finacial services or products without authorisation.The truth is that Tradefxelite is not regulated by any regulators. Letting it hold or control investors' money is unsafe, and the money can not be protected by any laws.Tradefxelite is a scam.

Related Complaints

Q&A

Should I trade with Tradefxelite?

stevie
Nauru
2023-12-07
ANSWER No, we strongly suggest you avoid Tradefxelite. It appears to be a scam.Tradefxelite exhibits traits that are commonly found among scammers, including using the shoddy website template and giving false statements about its regulatory status. It falsely claims to be regulated by financial regulatory bodies. Meanwhile, its unlicensed investment activities in the UK have elicited a warning from the Financial Conduct Authority (FCA), the UK's financial watchdog. All these findings significantly suggest the substantial risks involved.Therefore, investors who trade with Tradefxelite will expose themselves to fraud and identity theft, which could be financially and personally devastating. To avoid such risks, it is advisable to steer clear of unlicensed brokers like Tradefxelite and instead choose fully regulated ones.
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