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Elite Fast Fx Trade
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A United States regulator warning has been issued against Elite Fast Fx Trade in September 2023
If you are looking for a reliable and trustworthy forex broker, you might have come across Elite Fast Fx Trade. This broker claims to offer low spreads, fast execution, and high leverage on various trading instruments, including forex, stocks, commodities, and cryptocurrencies. But is Elite Fast Fx Trade a scam or a legit broker? In this review, we will examine the features, advantages, and disadvantages of Elite Fast Fx Trade and help you decide if it is worth your time and money.
Elite Fast Fx Trade is a forex broker that was founded in 2018 and is based in St. Vincent and the Grenadines. The broker is not regulated by any reputable authority, which means that it does not have to comply with any rules or standards regarding customer protection, security, or transparency. This also means that there is no guarantee that you will be able to withdraw your funds or get any compensation in case of any issues or disputes with the broker.
The broker offers four types of accounts: Basic, Standard, Premium, and VIP. The minimum deposit for the Basic account is $250, while the maximum leverage is 1:200. The spreads are variable and start from 2.5 pips for the major currency pairs. The Standard account requires a minimum deposit of $500 and offers a leverage of 1:300 and spreads from 2 pips. The Premium account has a minimum deposit of $1000 and a leverage of 1:400 and spreads from 1.5 pips. The VIP account has a minimum deposit of $5000 and a leverage of 1:500 and spreads from 1 pip.
The broker provides a web-based trading platform that is accessible from any device and browser. The platform has a simple and user-friendly interface that allows traders to execute orders, manage their positions, access charts, indicators, and tools, and follow the market news and trends. However, the platform lacks some advanced features and functionalities that are available on other popular platforms, such as MetaTrader 4 or MetaTrader 5. The broker does not offer any mobile app or desktop software for its clients.
The broker claims to offer customer support 24/7 via phone, email, live chat, and social media. However, we found that the phone number provided on the website is not working and the live chat option is often offline. The email response time is also very slow and the quality of the answers is poor. The broker does not have a FAQ section or an educational center on its website, which means that traders have to rely on their own research and knowledge to learn about forex trading.
The broker has a lot of negative reviews and complaints online from its clients who have experienced various problems with the broker, such as difficulty in withdrawing funds, hidden fees and charges, manipulation of prices and trades, poor customer service, and false advertising. The broker has also been blacklisted by several regulators in different countries, such as the UK’s Financial Conduct Authority (FCA), Australia’s Securities and Investments Commission (ASIC), Canada’s Investment Industry Regulatory Organization (IIROC), and New Zealand’s Financial Markets Authority (FMA).
In conclusion, we do not recommend Elite Fast Fx Trade as a forex broker because it is not regulated by any reputable authority, it has a lot of negative feedback from its clients, it has a low-quality trading platform and customer service, and it has been blacklisted by several regulators. There are many other brokers that are more reliable, trustworthy, and transparent than Elite Fast Fx Trade. Therefore, we advise you to avoid this broker at all costs and look for a better alternative.
What to Do If You’ve Lost Money with Elite Fast Fx Trade?
If you have been scammed by Elite Fast Fx Trade or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.