Tradefxelite is a platform that claims to offer trading services for forex, indices, commodities, and cryptocurrencies, with its domain registered on August 31, 2023. Although the platform claims to hold a UK company certificate with the company number 764643562, a check revealed no company information corresponding to that number on the UK company registration page. Additionally, Tradefxelite has been listed on the warning list by the UK Financial Conduct Authority (FCA).
Company Background of Tradefxelite:
The domain name for Tradefxelite (https://www.tradefxelite.com) was registered on August 31, 2023. The platform claims to offer trading services in forex, indices, commodities, and cryptocurrencies and to hold a UK company certificate with the company number 764643562.
Our search on the UK company registration page did not find a matching company number. We only found another similarly named company, Trade FX Elite Ltd, but with a different company number, which was dissolved on December 5, 2023. Therefore, investors should exercise caution regarding the authenticity and legitimacy of the Tradefxelite platform.
Regulatory Information of Tradefxelite:
Tradefxelite platform illegally offers financial services without authorization and has been listed on the warning list by the UK Financial Conduct Authority (FCA). Investors should be cautious and avoid this platform to ensure the safety of their funds. Below is the relevant warning image:
Account Registration Process on Tradefxelite:
- Log in to the Tradefxelite website and click the registration button
- Fill out the application form
- Submit identity verification documents
- Make a deposit and start trading
Account Types on Tradefxelite:
Tradefxelite offers various account types to meet the needs of different investors:
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
PLATINUM ACCOUNT:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
FOREX SIGNALS:
- Professional forex signal service to assist investors in making more effective trading decisions.
In addition, Tradefxelite offers 24/7 customer support to ensure that investors receive the help they need at any time.
Trading Software of Tradefxelite:
Tradefxelite has not yet disclosed detailed information about its trading software. This raises concerns among investors about its technical support and trading tools. The choice of trading software directly affects the smoothness and safety of trading. Therefore, investors should be cautious when selecting a trading platform and prioritize those that provide transparent information and reputable trading software to ensure fund safety and smooth trading.
Trading Products of Tradefxelite:
Tradefxelite offers a variety of trading products to meet the different needs and investment strategies of investors. Below are the main categories of its trading products:
Forex: Provides trading of major and minor currency pairs, covering the global forex market. Investors can trade pairs like EUR/USD, GBP/USD, USD/JPY, and more to profit from market fluctuations.
Cryptocurrencies: Offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc. Investors can participate in the rapidly growing cryptocurrency market through these digital assets.
Indices: Provides trading in major global stock market indices such as the S&P 500, Dow Jones Industrial Average, Nasdaq Index, etc. Investors can invest in entire markets or specific market segments through index trading, thereby diversifying risk.
Stocks: Offers trading in stocks of well-known global companies, including tech giants, financial institutions, and consumer goods companies. Investors can participate in companies with good performance through stock trading, gaining capital gains and dividend income.
Energy: Provides trading in energy products such as oil and natural gas. The energy market is usually affected by global economic conditions, changes in supply and demand, and geopolitical events. Investors can seize market opportunities through energy trading.
Commodities: Offers trading in metals like gold, silver, and copper, as well as agricultural products and other commodities. The commodities market is an important part of the global economy. Investors can achieve diversified investments by trading these products.
These diverse trading products provide multiple options for Tradefxelite's investors, helping them achieve different investment goals, whether for short-term gains or long-term investments. Through a diversified product portfolio, investors can better diversify risk and seize various opportunities in the market.
What are the Spreads, Leverage, and Commissions of Tradefxelite?
Tradefxelite's website does not disclose details about spreads, trading leverage, trading commissions, maximum position/order size, margin call/stop-out levels, minimum price precision, or contract sizes for trading accounts.
Deposit and Withdrawal Methods for Tradefxelite?
The deposit and withdrawal methods are not specifically described on its official website. Typically, traders may use various common payment methods for deposits and withdrawals, including bank transfers, credit cards, and e-wallets.
Customer Support for Tradefxelite:
Email: support@tradefxelite.com
Summary:
There are many uncertainties regarding the regulatory information and corporate background of Tradefxelite. Particularly, the platform is unauthorized by the FCA and has been listed on the warning list, so investors should be especially cautious in choosing this platform to ensure the safety and legality of their funds. It is recommended that investors conduct thorough background research and risk assessments before making any investments to make informed decisions. Tradefxelite is flagged as "Suspected Fraud" on TraderKnows.
