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EliteCryptoTrade Review: EliteCryptoTrade.com a Diverse Shady Broker

EliteCryptoTrade Review: EliteCryptoTrade.com a Diverse Shady Broker

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EliteCryptoTrade is allegedly a trustworthy crypto trading broker in the market. The entity states that it offers a safe and easy trading opportunity for investors. You can trade whenever you please. Sadly, this company is not trustworthy.

The platform is an offshore venture that is operating illegally. Additionally, traders are the ones who are responsible for managing their risks. To become a member, you only need to complete the registration process.

Deposit money and start trading. EliteCryptoTrade claims that it is a broker which meets their milestones. They also want other investors to have a stable income by trading with them. The entity has an economic calendar which has technical and fundamental analysis.

Additionally, this venture claims it has over 100 widgets and indicators. Therefore, they offer the best trading experience to their customers. You will even receive the current market trend using their price alert.

The features which this venture brags about would be better if they were coming from a legit broker. This is an offshore investment company. Trading with them exposes you to multiple risks. It is best to stay away from this entity.

EliteCryptoTrade.com Review

EliteCryptoTrade claims it is trading Forex, indices, CFDs, and cryptos. The company allegedly has a fast withdrawal process. The company also guarantee investors they do not have any hidden fees. It is hard to believe the word that comes from an offshore firm.

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Investors can trade with their gadgets with ease. Moreover, this entity boasts of having the best payout in the market. They boast of 200% bonus on the amount that you initially deposit. They also claim they segregate investors’ funds.

EliteCryptoTrade Review, EliteCryptoTrade Platform

Therefore, EliteCryptoTrade will not use your funds for selfish needs. Unfortunately, this entity is not legit, and they are not regulated. Therefore, your money is not safe in their system. Avoid this broker at all costs.

There are better crypto trading companies that are genuine and reliable. You can earn a decent amount of profits with them. Nonetheless, you need to have the virtue of patience. You cannot become rich overnight. Therefore, trust in the process.

EliteCryptoTrade speaks boldly about their trading activities. Sadly, there is no available means to verify that their statement is true. They do not have trading results. Additionally, they have negative reviews from their clients.

Founders and Team

EliteCryptoTrade is a 100% anonymous venture. We do not know who the founder of this entity is or their background knowledge in investment. The investment company allegedly has a $50 cashback for their new investors.

The platform states that they have multiple years of experience in the industry. Therefore, the entity is the best. They lack transparency, and it would be best if they credit their team for their god work unless the entity is bluffing.

We do not recommend investors to deal with anonymous brokers. Majority of them are scammers. The only reason that they operate discretely is to ensure the authority does not put them behind bars.

The Domain Insight

EliteCryptoTrade.com was launched in March 2020. Their domain is expected to expire on the same month the year 2021. This entity is not reliable; the lifespan of their domain speaks volume. If you combine this with other red flags, you will not test the waters with this scam. Their traffic is also low.

Withdrawal and Deposits

The investment venture is accepting funds via BTC, Skrill an ETH. Kindly note that you will never be able to issue a chargeback with these methods. Once you deposit money, you won’t have access to the funds. The minimum amount that you can cash in at EliteCryptoTrade is $250.

Nonetheless, in their trading accounts, the entity features a different figure. The entity has four trading accounts. The least acceptable fund is $250. Such minor details raise red flags on the credibility of the broker.

They cannot draw a line which creates distrust. Legit investment venture would never contract itself in such a manner. EliteCryptoTrade is charging a fee of $25 on every withdrawal. Additionally, the least amount that you can cash out is $50.

Their requirements are outrageous and set them up for being a scam. It is not logic that this entity is charging half of the money from their customers. You will not find such measures with regulated entities. EliteCryptoTrade is taking advantage of its clients.

EliteCryptoTrade Contact Details

The office address of EliteCryptoTrade is at 56 Burnley St, Richmond VIC 3121, Australia. The only way you can reach this venture is by leaving them an email. Additionally, you can fill the contact form on their website.

The investment company is accused of having a rude customer support team. Once you ask about your withdrawal request, they will treat you unprofessionally. The address which the entity features is not their real location.

EliteCryptoTrade is an anonymous offshore broker that is only interested in stealing funds from investors. Avoid this losing platform that does not discuss their trading conditions. Invest with the best companies that offer better services.

Testimonials

EliteCryptoTrade company displays testimonials from their clients. The individuals claim that the entity executes trade instantly. They also have multiple payment methods. However, they were able to gather negative reviews from investors who have lost money using this entity.

The investment venture cold call potential victims with promises of making them rich. Their demo account will project big wins. Unfortunately, after sometimes the demo goes live and you start losing money even when you have win potentials.

The entity is operating as a pyramid scheme. Investors can sign up, and even without depositing funds, you can refer new clients. EliteCryptoTrade relies on the money of new clients to pay their pioneer clients.

The venture will then proceed to call you. They even issue threats to their clients which is unethical. The investment entity is calling traders using multiple phone numbers. There is nothing positive regarding this scam.

EliteCryptoTrade Regulation Status

EliteCryptoTrade claims that it has an AFS license certificate awarded to the by ASIC. Unfortunately, this suspicious broker is lying about its registration status. They are not in the database of Australian Security and Investments.

The platform is capable of faking such crucial data to win over clients. The people behind this entity are desperate con artist who will steal all your money in a blink of an eye. Moreover, this fraudulent entity warns its clients against leaving negative reviews.

You must contact the company before doing so; otherwise, they will take action. What happened to freedom of expression? This company is only after traders funds. You cannot rely on them to make a stable income.

There are better-regulated forex brokers in the market that you can use. They offer fund safety and segregate investors’ funds. Additionally, in the case of bankruptcy, you have the guarantee of being compensated.

Final Verdict

EliteCryptoTrade is a scam that fakes their regulatory status. The investment broker does not have any intention of making any trader rich. Their existing client has accused them of being fraudulent.

They urge investors to stay away from this entity at all cost. The entity claims it is trading Forex, yet they do not provide any information regarding leverage, or trading platform. Their location is also discrete.

Invest with legit crypto trading companies that are transparent. The information of the team and the corporate that manages their activities are accessible to the public.

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