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Elite FX Signals Review: VIP Signals or a Scam?

Elite FX Signals Review: VIP Signals or a Scam?

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Elite FX Signals (Elitefxsignals.nl) is another false trading robot that claims to change lives. EliteFX Signals is already causing havoc in the industry as it keeps on changing domain addresses. EliteFXSignals is synonymous with online scam platforms that change domain names over time. With the main reason being fear from authorities, members don’t get the chance to withdraw funds. And this is why we must expose this rotten signal provider. Read this entire ELITE FX SIGNALS Review for more information.

Elite FX Signals Review

About Elite FX Signals

The platform is selling itself with the idea that it is ‘providing personalized solutions’ to investors. According to their about us page, the platform is a brainchild of Ricky. What we notice is that the founder only gives one name which is cause for concern. The website is enticing and can be easily fooling even the most trained eye. It would seem that the people behind this platform wanted to get a huge chunk of online investors. And this is where we draw the line with the platform as it is stealing from innocent online investors.

Elite FX Signals is also selling itself as a robot that is a choice of industry professionals. The problem with this statement is that no professional has backed this claim. A scam artist will do or say anything to try and make investors sign up. They even use celebrity names to make it look like they endorse the product or service. Caution should be thrown to the wind when it comes to online trading. The only safe way to trade is by using industry-backed products with a solid online reputation.

Assets Traded with Elite FX Signals

The platform or signal claims to specialize in EURUSD currency pairs. Other features available on the platform include having a demo account and MT4 indicators. Users get the promise of receiving accurate signals every day. To help newbies, the indicator is guaranteeing daily educational videos. These are sales tactics that get deployed to entice newbie investors and traders. The victims who contacted our help desk claim the tutorial videos were not available.

Business owner and Founder

Rick is the so-called founder of Elite FX Signals. There is no second name of Rick which leaves us guessing. The platform gives a lengthy history of Rick and how he managed to create the platform. Another person who is named on the website is Yannis Sfairopoulos who claims to be the software engineer. The engineer claims to have experience from a Greece IT company which is not mentioned. These scam artists are toying with investors by trying to sell the creator’s credibility.

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Client Testimony

These scam artists will do or say anything to entice more sign-ups. One of the options they take is to offer client testimony. What they do is post images of people they claim to be clients of the platform. They go ahead and post enticing stories of how the robot has enabled them to make money. With everyone looking for ways to make extra income, they entice investors into signing up. In reality, these are images that scam artists download from the web. The testimonial is false just like the paid positive reviews posted by freelancers.

Copy Trading Services

Elite FX Signals Copy Trading Services

Another sales pitch on the website to watch out for is copy trading services. The platform claims to be fully functional and offers 28 currency pairs. What they fail to mention is how the copy trading takes place and who the experts behind it are. The only information that members get is how to purchase the package. What remains to be proven is the fact that the copied trader guarantees a daily ROI of 86 percent. The truth is that the ROI is achievable but not on a daily basis. And this is why we strongly believe EliteFXSignals is another online trading scam.

Domain Details

There have been six changes in five unique names over the last three years. It means the original website went live in 2017 and the names have changed with time. Online scam products tend to change names but not the services offered. And we believe Elite FX Signals is another online trading scam with ill-intent. These websites with name changes have scammed hundreds of investors. They pop up with different names but have the same web design. Ensure you confirm whether a product is a clone of a previous confirmed online scam.

License and Registration of Elite FX Signals

Elite FX Signals is not LICENSED OR REGISTERED to offer their services anywhere. To confirm this, we reached out to all regulators in Europe where the platform offers its services. The regulators were shocked to learn that such a website is operating without a valid license. And the results prove EliteFX Signals is another unregulated platform that is destroying lives. Investors who have deposited funds know all too well that there is no trading happening. It is all a roost to entice investors.

The platform has no evidence to support the claim they are licensed. A genuine platform will post copies of their license documents to see. The details will match those on a regulator’s search engine regarding the platform. Without the license details, deposits made to the platform have no insurance cover. Members will have to look for other ways to recover their funds once the platform goes under. And this happens quite a lot as the platform is changing address twice a year.

Restrictions of Elite FX Signals

Account Packages

Elite FX Signals Account Plans

Elite FX Signals is offering a VIP account package that goes for $199. The package comes with Metatrader 4 indicators and a year’s access to the platform’s channel. After looking at the features of the package, there is no distinct advantage. What the package lacks is clear ways of helping members make money. The package is another well-set trap for investors to buy a non-existent service. Even the demo account does not offer full details on how the platform places trades.

Contact and Customer Support

What the platform has done is ensure there is minimal contact with members. Disclaimer at the footer of the homepage shows a contact address. The platform offers an email address and a physical address. None of the emails we sent during our investigation got any response. The physical address on the platform is not clear. If the broker has an address in Belgium, why is their domain address linked in Netherlands? It is another cause for concern for anyone signing up. Users are also given a Telegram link to the platform which is a bit limiting to some investors.

False Partners

The platform is also claiming to be in partnership with BDSwiss. These are false partner claims which the platform wants to use. They choose a partner who is recognized in the trading community. What these scam artists are after is having investors think that BDSwiss has endorsed the robot. And this is a well-planned action that none of the members think to follow up. Ensure you know who exactly you are depositing funds with before signing up.

Safety of funds with Elite FX Signals

When it comes to the security of funds, it is clear Elite FX Signals is not able to provide ample security. Investors and members have not been able to withdraw any funds with the platform. There has been a lot of website change which means other victims don’t know about this platform. No security software is in place to protect members while visiting the website. Lack of DDoS protection and SSL encryption is enough to stay away from the platform.

Scam or Legit Elite FX Signals

After checking all the facts, we can conclude ELITE FX SIGNALS is a Scam. Stay away from any of their affiliate programs. Warn your loved ones on the dangers of having a robot with no clear history.

Final Thought

We have to add this platform to our scam blacklist and protect our esteemed readers. Stay safe and use bots with a reliable background in trading.

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