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).

About Elite Trading
🗺️ Registered inEstonia
🗺️ Type of LicenseNo License
🛡️ Is Elite Trading safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

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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16 responses 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?

  2. Daniel Becker, representing elite trading, wanted me to trade with him.since he had been dealing with my brother,i let him charge money on my credit card.a few times after that he took more money to add to my trading account balance.now my account shows a substantial profit and Daniel closed the trades.now he is asking me to send him 5% of my profit up front,before he will send me back any of the profit made on my account.after I do that,he said he could send me back whatever I wanted from the remaining money in my account,but once I had received the money,he wanted me to send him another %5 of the profits.previously,when I asked him how much commission he takes,he told me that it would be between 5% and 7% of the profit made on my account.is this the way it is normally done?should I be sending him his commission up front,before I receive ant money back? what would you recommend doing?

    • Did you actually get any money back from Daniel Becker or he was just collecting new 5% without any payment at all?

      • so far i have got nothing back from the company,and i was told daniel becker is no longer with the firm.i was told he got quite sick from covid 19 for a few weeks,and has since recovered.i can no longer reach him at the email address i had been communicating with him previously.

  3. I have been dealing with the trader Ron Miller and the Finance guy Edward Schulz. I had the same scenario, but I put more money in than you. I was told i had to send up front some money for “losses” I incurred, once this is done they would send me my balance. I have in fact done this and I am now waiting. I am waiting for a call from this Edward Schultz as he says we need to talk to “finalize”. I am suspicious as I do not see why he just cannot send me my money. I will let you know.

  4. Don’t give anymoney to these scammers. There are so many woords i could use to describe these aresoles. They have never given me anything on my so called profit, and now they are supposedly charging me 0.3% interest per day on a supposed €20,000 loss I have. I have just sent another mail saing that i do not want to hear from them again and have to live with the €85,000 I have given them.

    DO NOT TRADE WITH THESE PEOPLE.

  5. I am still trying to get my money back, but I am sure it is a lost cause. I have sent a complaint to them, but all I get back is “it has been forward to our respective departments and will get back to you”; nothing for 3 weeks, how long does it take to give you your money back? They now tell me that I have to pay a 20% tax, once I pay this i will get my money. I will not do this as I am now convinced it is a scam. Also the attitude of their so called finance people is totally unacceptable. They bend what you tell them (on the odd occasion I get an email) and put the onus on you. I said that they need a lesson in customer service, I got no reply to this.
    They have since our earlier correspondence, changed their company name to TradingOn, which tells you they have probably been caught scamming and to continue, changed their name.

  6. Another scammer is a company called Remaxima. The guys are so pushy to tray and get your money, it is unbelievable. They are scammers of the top rate – you may not come across any better. They will not stop calling you even after your have told them not call. They are real parasites. DO not deal with them DO NOT PART WIHT YOUR HARD EARNERED MONEY OR YOU WILL BNEVER SEE A PENNY BACK.

  7. I am over 70 and feel such a fool to have parted with all my hard earned money to these fraudsters. Ron Miller, Jane Smith need shaming. I know I won’t get my money back without a miracle but EVERYONE BE AWARE OF THEM. I’ve reported them to the National Fraud Intelligence Bureau via Citizens Advice. You do the same. WE NEED TO STOP PEOPLE LIKE THEM

  8. Folks, I am (very)old and I have been dealing with the financial markets since the 1950s. Please take notice of what I tell you. I have NEVER come across a legitimate trade advisor in the FX field and found that fair and honest FX brokers are few and far between. The situation in other securities: stocks, commodities etc isn’t quite so bad but they’re still a minefield and again most “advisors” are just in it to get subscribers for their newsletters (which they send out after they have front run their recommendations.

    I could give you chapter and verse but I don’t have the time. Unless you are very experienced, knowledgeable and have capital that you can afford to lose keep well away from fx, futures and options.

    Be realistic folks, define your financial goals relative to your age, income. capital, expenses, responsibilities and invest or speculate accordingly.

  9. Obchoduji déle než 2 měsíce a jsem spokojna. Poradce – pomůže, převedu peníze na účet – kdy chci, automatický program – nezabere mi čas.

  10. I lost money with Elitetrademarket. the guys name was Dufresne Joe Logan. He took my money and began trading for me. The account began to grow and he posted my gains on the website on my account. Once the account grew significantly and I requested my profits he demanded a $1550 additional deposit or he would shut down my account and keep my money. After i refused to send him additional money he began to send me threatening whatsapp messages.
    I want to find him and sue him among other things. If you can post this info it would help me and others. I know of another situation like this as well with the same broker.
    I need to get information about him and his firm so i can file a fraud claim If you will find his address for me I will go kick his ass as well. This kind of stuff needs to be stopped. Help

  11. I have signed up for a trial program with a prop-trading firm called “The 5%ers” (the5%ers.com) and they used MT4 platform operated by Elite Trading.
    Has anyone here signed up for the same trial? and how did it go?

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