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The WikiFX Score of this broker is reduced because of too many complaints!

Elite Strategies

Australia|2-5 years|
White label MT4|Regional Brokers|Australia Appointed Representative(AR) Revoked|Suspicious Overrun|High potential risk|

https://www.elifx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
EliteStrategies-Demo MT4
Server Location Singapore

Contact

+44 +1800-734-9195
support@elifx.com
https://www.elifx.com/
Unit G25 Waterfront Studios, 1 Dock Road, London, United Kingdom E16 1AH
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 +1800-734-9195

Other ways of contact

Broker Information

More

Company Name

Elite Strategies Corporation Pty Ltd

Abbreviation

Elite Strategies

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • AustraliaASIC (license number: 001281476) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 35163111162) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Elite Strategies · WikiFX Survey

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Elite Strategies · Company Summary

Aspect Information
Company Name Elite Strategies
Registered Country/Area Australia
Founded Year 2018
Regulation ASIC(Revoked),ASIC(Suspicious Clone)
Products & Services Forex,CFDs,Stocks,Commodities,Cryptocurrencies,Real Estate,Pension Funds,NFP
Spreads From 0.2 pip to $3 per stock
Demo Account Available
Customer Support Email:support@elifx.org,Phone:+1(209) 396 5716
Educational Resources Introduction video

Overview of Elite Strategies

Elite Strategies, also named Elifx, founded in 2018 and based in Australia, has encountered regulatory issues, with its ASIC (Australian Securities and Investments Commission) license being revoked and a warning issued about a suspicious clone.

The company offers a broad array of financial products and services, including Forex, CFDs, stocks, commodities, cryptocurrencies, real estate, and pension funds, meeting diverse investment needs.

Elite Strategies provides a demo account for potential clients to explore its offerings. Customer support is available through email at support@elifx.org and by phone at +1(209) 396 5716.

Overview of Elite Strategies

Regulatory Status

Elite Strategies originally held a license as an Appointed Representative (AR) with the Australian Securities & Investment Commission (ASIC). This license, numbered 001281476, has since been revoked.

The revocation indicates that Elite Strategies no longer meets the regulatory requirements set forth by ASIC to operate under this license type in Australia.

Regulatory Status

Additionally, there is a cautionary note regarding a “Suspicious Clone” associated with Elite Strategies. This entity appears to be using a common business registration license, fraudulently presenting itself as a legitimate part of Elite Strategies under the same regulatory body, ASIC.

The license number for this suspicious clone is 35163111162.

Regulatory Status

Pros and Cons

Pros Cons
Diverse Investment Options Complexity for Beginners
Low Spreads Poor Regulatory Status
Educational Opportunities No Live Chat
Enough company experience

Pros:

  1. Diverse Investment Options: Elite Strategies Offers a wide range of investment packages including Forex PAMM/MAM, cryptocurrency, real estate, and more, providing investors with multiple avenues to diversify their portfolios.

  2. Low Spreads: Elite Strategies has competitive pricing with low spreads on FX trades,as from 0.2 pip to $3 per stock,and low commissions on stock trades, and other cost-efficient structures such as commission-free investing options.

  3. Educational Opportunities: Elite Strategies provides introduction videos in Forex, cryptocurrencies, and the use of trading tools like indicators and graphical analysis.

  4. Enough company experience: Established in 2018,Elite Strategies had 5 years history and are familiar with the trading market,offers users an experienced environment.

Cons:

  1. Complexity for Beginners: Despite offering accessibility, the range of options and the detailed nature of investment packages in Elite Strategies will be overwhelming for beginners without sufficient guidance or financial knowledge.

  2. Poor Regulatory Status: Elite Strategies with 2 licenses with revoked and suspicious clone situation,which creates uncertainty in investment.

  3. No Live Chat:There's no 24/7 live chat on Elite Strategies,which makes users inconvenient in some special time.

Products & Services

  1. Forex: Forex trading involves exchanging one currency for another on the foreign exchange market. This product is appealing for those looking to take advantage of fluctuations in currency values across the globe, offering opportunities for speculative gains through careful analysis and strategic trading.

Products & Services
  1. CFDs (Contracts for Difference): CFDs allow traders to speculate on the rising or falling prices of fast-moving global financial markets without the need for ownership of the underlying asset. This type of trading can include stocks, commodities, and indices, providing flexibility and leverage.

  2. Stocks: Trading in stocks involves buying shares of public companies. This product is suitable for investors looking to gain equity ownership in corporations, benefiting from both dividends and capital gains as the value of these companies grows over time.

  3. Commodities: Commodities trading involves the buying and selling of goods such as gold, oil, and agricultural products. Investors and traders use commodities to hedge against inflation or to gain from price variations driven by changes in supply and demand dynamics.

Products & Services
  1. Cryptocurrencies: Investment in cryptocurrencies offers a modern approach to finance, involving digital currencies like Bitcoin and Ethereum. This market is known for its high volatility but offers substantial opportunities for gains through strategic investments and trading.

    1. Products & Services
  2. Real Estate: Real estate investments involve purchasing property to generate rental income or to sell at a higher price in the future. This type of investment is typically considered a safe haven and is used for capital appreciation and generating passive income.

Products & Services
  1. Pension Funds: Pension funds are investment pools that collect and invest money to provide retirement benefits to participants. These funds are managed with the goal of ensuring that participants receive a stable income once they retire, focusing on long-term growth and safety.

Products & Services
  1. NFP (Non-Farm Payroll): NFP products or services are designed to capitalize on the economic indicator known as the non-farm payroll report, which reflects employment changes in the U.S. excluding farm and government employees. This data can significantly impact financial markets, providing unique trading opportunities around the time of its release.

Products & Services

How To Open An Account?

Opening an account with Exness involves a straightforward four-step process, allowing you to quickly start trading on their platform. Heres how you can do it:

How To Open An Account?
  1. Register for Free: Visit the Exness website or download their mobile app to start the registration process. Fill in the required information to set up your trading account. The entire process is designed to be quick and easy, typically taking less than 5 minutes to complete.

  2. Verify Your Identity: To activate your account, you'll need to verify your identity and address. This usually involves uploading government-issued identification documents such as a passport or driver's license, and a utility bill or bank statement to verify your address.

  3. Deposit Funds: Once your account is verified, you can deposit funds into it. Exness prides itself on fast deposit times, with 90% of all deposits being processed within 7 minutes. This quick processing time ensures that you can start trading almost immediately after making your deposit.

  4. Start Trading: With your account set up and funded, you can begin trading across various financial markets. Exness provides access to a wide range of trading options, including Forex, stocks, and cryptocurrencies.

How To Open An Account?

Spreads

The spreads and commissions for various trading options offered by Elifx are as follows:

  1. Forex (FX): The spread can be as low as 0.2 pips, and traders have access to 182 FX spot pairs and 140 forwards, including majors, minors, exotics, and metals.

  2. CFDs (Contracts for Difference): The spread starts from 0.4 on the US500, allowing traders to go long or short on over 9,000+ instruments with tight spreads and low commissions.

  3. Stocks: The commission for trading US stocks is set at $3, with access to 19,000+ stocks across core and emerging markets on 36 exchanges worldwide.

  4. Commodities: The commission for trading commodities can be as low as $1.25 per lot, encompassing a broad spectrum of commodities traded as CFDs, futures, options, and spot pairs.

Spreads

Customer Support

Elifx provides customer support through multiple channels to address the needs of their clients efficiently.

Customers can contact Elifx via their dedicated support phone line at +1(209) 396 5716 for immediate assistance or send inquiries to their support email at support@elifx.org.

Additionally, clients and interested parties can join the Elifx community on Telegram for updates and more interactive support.

The company is based at 518 St Watsonville, CA 95076, California, USA, which can also handle correspondence or provide further customer service support.

Customer Support

Educational Resources

Elite Strategies offers a video about itself, so that users can know it from other platform like YouTube.

Educational Resources

Conclusion

Elifx adopts a client-centric approach, prioritizing the interests of its investors by removing external ownership and aligning the company's success directly with that of its clients.

This innovative structure ensures that Elifx operates with transparency and a commitment to providing high-quality, diverse investment opportunities.

By offering a wide range of financial products and maintaining a robust technological infrastructure, Elifx is designed to meet the varied needs of global investors, helping them to achieve their financial goals and expand their investment horizons.

FAQs

Question: How do I start trading with Elifx?

Answer: To start trading with Elifx, simply register for a free account on their website or app, verify your identity and address, deposit funds into your account, and begin trading across a variety of financial instruments.

Question: What types of investments does Elifx offer?

Answer: Elifx offers a diverse range of investment products including Forex, CFDs, stocks, commodities, cryptocurrencies, real estate, pension funds, and NFP-related products.

Question: How does Elifx ensure the security of my investments?

Answer: Elifx employs a sophisticated security system that has never been compromised, alongside being hosted in top-tier data centers to ensure the highest levels of data protection and service availability.

Question: Can I trade on Elifx from any country?

Answer: Elifx offers services to clients globally, but availability may vary depending on local regulations and restrictions. It is advisable to check specific country eligibility on the Elifx website or contact their support team for detailed information.

User Reviews

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Comments

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Stalinium
more than one year
The platform Elite Strategies provides is really easy to understand and use. Besides, customer support was really helpful and polite as well. I recommend this broker.
2023-03-01 09:53
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0
0
lord8440
more than one year
my account was banned after several weeks of not logging in even though there were still funds stored in it
2023-01-14 00:28
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0
0
FX1175560586
more than one year
Be careful... So many withdrawal problems are blamed on glitches... Just another scam broker. Do not invest in this company. They will not let you withdraw your funds.
2022-12-14 15:05
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0
0
FX1122377873
more than one year
In general, it was a horrible experience that was a complete and utter waste of both time and money. To get everything set up, it took two months. This has left me speechless, disappointing…
2022-12-10 18:38
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0
0
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