Elite Investments is an offshore broker which is not regulated by any reputed regulation authority in its region. It is never a good idea to invest with an unregulated broker as they do not guarantee protection to the funds. The broker may operate in many countries without the regulation required by the reputed regulation authority in its country like CySec, ASIC, FCA, CNMV etc. But regulation can’t be the only reason for calling this broker as a scam. Many Elite Investments complaints and negative Broker reviews and other possible scam features can also be the reason. Your funds may not be safe if you are trading with Elite Investments.
Possible scam activities of scam broker Elite Investments
Here are some of the possible reasons why we have flagged Elite Investments as a scam broker in this Elite Investments review.
- The broker may have made a number of false claims through its website.
- The rules and regulations, Bonus and Withdrawal policies are not legitimate and they are made for defrauding traders.
- The Elite Investments makes continuous calls to the traders and urge them to invest higher and higher amounts.
- The broker promises return which are too good to be true.
- The risk warnings may not be disclosed on their webpage or that would be hidden.
- The broker may be located in the countries or small islands where there is no proper regulation and registering a company is very easy. Usually, these countries are haven for the scam brokers.
- Elite Investments provides you good chances of making profits and when you decide to withdraw your money, they will state their illegitimate rules of withdrawals and ultimately you are not able to make withdrawal.
- Broker remains operational for some time and suddenly you are not able to contact the broker or the website seems down. The broker also changes name and website URL without any notice to existing traders.
Negative Elite Investments Reviews and Elite Investments Complaints
Elite Investments has got many negative reviews and traders who traded with this broker have raised many complaints against it. This makes it clear that the broker is not worth investing and is a potential scam broker. ReportScam has investigated a lot about this broker and based on the negative reviews, complaints and other scam features, we have listed Elite Investments in the list of scam brokers 2021.
Is Elite Investments scam or legit broker?
ReportScam does not recommend traders to trade with Elite Investments and your funds may not be safe with this broker and Elite Investments review is negative. Instead look for regulated and reputed brokers who can really help in growing your investments.