ANSWER Elitemortagefin is a non-regulated broker even though it states offers that look too good to be true.Elitemortagefin claims to be registered with the United Kingdom Companies House (CH) under company number 09941555. However, it should be noted that the CH is just a registrar of companies in the UK and has no legal authority to issue forex licenses or regulate forex activities. Additionally, the Financial Conduct Authority (FCA) has issued a warning against Elitemortagefin, saying this firm might be providing financial services or products in the UK without authorization. You can check the full warning from here.Regarding your question, Elitemortagefin's operations are not supervised by financial regulatory bodies. It is a dishonest broker. Letting this broker control and hold your money or trading with it is very risky. There are no safeguards in place to protect your funds on this platform. Therefore, we would suggest investors stay away from unlicensed brokers like Elitemortagefin and trade with fully regulated brokers.
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