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EliteTrading Review: Elitetrading.co Forex Scam Revealed

EliteTrading Review: Elitetrading.co Forex Scam Revealed

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EliteTrading (Elitertrading.co) is another crude CFDs and Forex scam platform stealing from anyone who deposits. Elite Trading is creating an illusion that they are offering CFDs, Commodities, EFT’s Indices, and Stocks. What we noticed with this platform is the high number of complaints from members of this platform. Members are crying foul after having their accounts blocked for no reason. Read this genuine and honest ELITE TRADING Review for more.

EliteTrading Review

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EliteTrading Review

After receiving numerous email complaints from users, we knew trouble was brewing. How can a platform with such a high number of complaints be still in operation? Members of this platform are vexed with the fact that they can’t withdraw their balances. And this is a classic scam platform stealing from anyone who deposits with them. Once you sign up and deposit funds, this is the last you will hear of it. Stay away from this platform and never sign up with their false platform.

Professionals scam artists will make sure unsuspecting investors sign up in large numbers. Their first step is to clone a trading website and make it look like a real platform. Next step is to use over the moon claims and promises of helping investors get high profits. With most scam platforms, their main allure is to get quick and high profit in a short time. Beware of such platforms which are reluctant to allow users to withdraw funds. Read what we found out in regards to EliteTrading.

About EliteTrading

Information regarding the actual ownership of this platform is not posted on their website. And this is a dangerous platform as no one knows where they are based. A look at their contact page suggests NetBit Services and Solutions Limited is the company behind this scam. A look at most European Company register does not show any details of a registered company with this name. And this is where the scam gets interesting as they claim to be located in Harju Country, Estonia.

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Anonymity is another problem we noticed with this platform. No one has come forward with details of who the actual founding members of this platform are. Without the names of people running this platform, the whole process is sinister. Why would they fail to reveal their actual names to members? Scam artists in the long run don’t want users to know their actual names for fear of being prosecuted.

Is EliteTrading licensed or registered?

Another disturbing feature with this problem is lack of proper details regarding license and registration. No information is posted on their website in regards to their license and regulation number. These are some of the main reasons why investors should stay away from EliteTrading. Without evidence of a valid license, EliteTrading is another anonymous and unregulated platform.

Why has EliteTrading not posted copies of their license and registration details for all to see? We contacted various regulatory bodies to find out whether the platform is recognized. Some of the regulatory bodies we contacted include ASIC, CONSOB, CySEC, FCA, FSA, and NFA. None of these bodies has ever heard or licensed a platform with the name EliteTrading. And this is concrete proof we are dealing with scam artists who don’t want to be licensed by authorities.

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Advantages of EliteTrading

We could not come up with any advantage of trading with EliteTrading. With the number of complaints coming in, we are sure authorities will shut down the platform soon. Make sure to stay away from this platform as the victims can’t get a hold of owners of this platform. Without a valid trading license, EliteTrading is offering fake services to anyone who signs up. Deposits made are going straight to scammer’s bank accounts. Make sure you never associate yourself with their affiliate programs.

Disadvantages of EliteTrading

Account types

EliteTrading Account Types

EliteTrading is furnishing users with five account types to choose from. Users can choose between Basic, Silver, Gold, Platinum, and Diamond. Most of the accounts have similar features which makes us question why an investor would deposit more funds. Dedicated account managers are available in all account types which is a trap. Once you sign up, the manager will constantly harass you with phone calls urging you to deposit more funds. Stay away from this platform and never deposit funds with them.

Customer Support

The platform has a chat box at the bottom right hand side of their website. A huge problem we noticed is that EliteTrading is not using a live chat team. The scam platform is harvesting data from the so-called message box. These are tactics to use this data in email marketing promotions. The owners of this platform don’t want any interaction with would-be victims. This is why the live chat team is offline all the time.

Payment Methods

When it comes to the payment methods, the users of this platform have the channels well-covered. Account funding with EliteTrading is easy and fast, depository channels can be accessed by anyone. Some of the depository channels include AstroPay, Neteller, PaySafe, Skrill, and others. The problem with elite trading still remains withdrawals. No user has come out with evidence of ever withdrawing funds with this platform. And this is where we draw the line.

Trading platform

According to the homepage, Elite Trading is using an advanced trading platform which is unknown. The problem with custom-made platforms is lack of testing from experts. With such a platform, you will expect an unstable trading tool. And this is the case as their platform fails to have proper security features. Lack of DDoS and SSL encryption is proof we are dealing with a slimy platform. Hackers can easily take over the platform and steal credit card information.

Safety of funds with EliteTrading

With an anonymous and unlicensed platform, you can rest assured security of funds is not guaranteed. Make sure to stay away from this platform and never give them your personal information. Accounts listed are not segregated which means EliteTrading is pooling funds in one account. Stay away from this platform or else risk losing your entire funds. The good step is to ignore all their pleas to sign up with them.

Scam or legit

EliteTrading Trading Platform

Concrete evidence is clear; Elite Trading is a scam which must be exposed by all parties. To stay safe, ensure you never click on any links sent by their email marketing team. Warn your family and friends from signing up with this platform. These are simply offshore scam artists looking to steal funds from European investors.

Final thought

We will be adding this platform to our scam blacklist and ensure no one falls for this trap.

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Wishing all investors a profitable trading experience.

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16 Replies to “EliteTrading Review: Elitetrading.co Forex Scam Revealed”

    1. You are one of those fraudster. L***. I am sure they are simple l*** with no knowledge, but a lot of ill will. Calling you from spoof numbers. They are most likely people from former Soviet-union countries. Elitetraing.co is a fake platform.

    2. What a lie, I had 96K in my account and they did notlet me withdraw!!! Made me trade more and more and badly advised trades until all money was gone.

    3. Hallo ich trade auch mit EliteTrading.co und habe ohne deren Hilfe große gewinne erzielt und möchte diese jetzt abheben.
      Sie sagen das Sie das schon gemacht haben, um welche Beträge handelt es sich denn?

  1. Selim kartai, shame on you, how dare you on a honest site, that warn people for scam, scam here also?,Elitetrading is fraud, scam, I have proof, I’m a victim as well. They never withdraw your money.

  2. Big scam alert, these guys are huge scammers hope they all go to h***! Did not let me withdraw my money! This site together with Trade Ide Account Managers Ron Miller and Edward Schultz, the biggest fraudsters ever.

  3. Elite Trading is één grote oplichtersbende.Het moment dat ze uw geld hebben, gebeurt er verder niets. Je krijgt uw winsten niet terug, en nog minder uw geïnvesteerde geld. Wees gewaarschuwd, ik heb het aan de lijve ondervonden !!!

  4. Hey,
    bjorn is mn naam. 1500euro op een account gezet. Deze werd vanavond ingezet terwijl men pushte voor een groter bedrag. Maandag zie ik het resultaat van de investering.

  5. Scam,
    Different phone numbers ( all +44 – uk) but when you call them back- no answer.
    I deposited 500, I cannot cancel or withdraw before i provide following document :
    Email from elitetrading.co
    Please provide us one document from each category:
    1. Identification document:
    – Pa**port ( first two pages
    – A National ID card ( front and the backside)
    2. Proof of address:
    – Utility bills such as electricity, water, or gas bill – Cannot be older than 3 months with your full name and address on it.
    – Bank /Card statement – cannot be older than 3 months, with your full name and address on it.
    3. Proof of payment method:
    – Credit/Debit card 6470 front and the backside ( On the front we need to see the first 6 and last 4 digits, your name, and expiration date. On the backside we need to see your signature, you may cover CVV number).
    4. Declaration of payment:
    – Print the attached declaration of payment, fill in the required information, sign on it and send it back. If you don’t have the printer you can sign on it electronically.

    The best is this payment declaration where YOU READ FOLLOWING :

    ” i hereby declare and confirm that the funds have been deposited to my trading accounts number … and that the service that was promised to me have been delivered as requested. I WILL NOT HAVE ANY CLAIM IN THE PRESENT AND FUTURE REGARDING THE AFORESAID DEPOSIT AND RELATED TRANSACTION”

  6. Hahaha funny, I was just called by a person trying to sign me up for that website. Luckily, I did my research before signing and found out it’s a scam 100%. For anyone who lost their money, you can forget about it. I feel sorry but yeh be more aware next time. Peace out maafkers

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