Is Elite Trading Scam or Legit Broker?
No, it is not safe to trade with Elite Trading as it is not regulated. Elite Trading is owned and operated by Netbit services and solutions limited, Reg. Number 14718830, Address: Harju County, Tallinn, Estonia.
- The broker doesn’t provide any information about its regulation or license and it actually seems it doesn’t have any. As it claims to be registered in Estonia, it was supposed to be regulated by the local regulator Estonian Financial Supervision Authority. We didn’t find the mentioned above registration number in the FSA’s register, which means Elite Trading is not regulated to provide its financial services in Estonia as well as other EU countries.
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The company mentions Austrian and British contact phone numbers without having offices there or more importantly, without being regulated in those countries. Also, the broker has been blacklisted by the Belgian regulator Financial Services and Markets Authority
About Elite Trading
| 🗺️ Registered in | Estonia |
| 🗺️ Type of License | No License |
| 🛡️ Is Elite Trading safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets – licensed by ASIC in Australia |
What is Elite Trading?
Elite Trading claims to be a world-renowned financial services provider offering a range of investment products, including Online Trading and FX. Its high-tech trading platform offers clients across the globe an opportunity to invest in over 1,000 world-class assets including forex, stocks, commodities, and indices. Elite Trading allows trading forex, stocks, commodities, and indices with zero commissions and fees on its unique next-generation trading platform (desktop, mobile, or tablet).
Elite Trading Review Conclusion
We advise all investors and traders to avoid Elite Trading and other offshore brokers. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FXTM and XM.
Elite Trading Update
Based on our findings, the Elite Trading website is no longer active. This means the broker has muted its trading offerings and does not operate, however, we recommend avoiding and staying alert in case of any proposals.