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 gives an opportunity to trade forex, stocks, commodities, indices with zero commissions and fees on its unique next-generation trading platform (desktop, mobile or tablet).

Is Elite Trading a 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.

The company mentions Austrian and British contact phone numbers without having offices there or more importantly, without being regulated in those countries. 

In fact, the broker has been blacklisted by the Belgian regulator Financial Services and Markets Authority

“During the last weeks, the FSMA continued to receive complaints from consumers concerning new fraudulent online trading platforms that are operating in the Belgian market. The FSMA therefore strongly advises against responding to any offers of financial services made by the following trading platform: Elite Trading (www.elitetrading.co)”

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.com.

You can also share your trading experience with Elite Trading by commenting on this review.

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One response to “Elite Trading”

  1. Elite trading have conned £9300 off me with £6000 of that belonging to my children
    I fell for the, we will make you rich, my balance at on point was showing $40000+ which on screen looks good, when I saw this going down, I closed all my trades and asked for all my balance to be returned to me of around $10000 which they declined and carried on trading against my wishes, my balance is now down to a mere $800.The platform says closed for maintenance and customer support keep saying someone will be in touch. (that hasn’t happened yet)
    Is there a way I can just claim all my original £9300 and call it a day with Elite trading?

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