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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6 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?

  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.


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