elitecapital.live is a Contract for Difference (CFD) broker website domain registered on March 12, 2024. This broker mainly provides investment services in markets such as forex, cryptocurrency, indices, stocks, energy, and commodities. They do not offer services to countries or regions that may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to the publicly available information on elitecapital.live's official website, this broker was established in 2016, using "Elitecapital" as the trading name, and claims to be regulated by the Australian Securities and Investments Commission (ASIC) under the entity name VLS. Beyond this, the broker does not disclose the company entity registration information or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) did not find any regulated company named "VLS".
Therefore, elitecapital.live is essentially a scam broker website with no company entity or regulatory oversight.
Account Opening Process
The account opening process at elitecapital.live involves: visiting the broker's official website, clicking "Open Account" on the homepage or "SIGN UP" at the top right corner to reach the account registration page, filling in personal information such as name and email address, setting a login password, and submitting. Upon submission and verification, the account registration is successful.
Trading Instruments:
elitecapital.live offers clients a wide range of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage potential gains.
- Commodities: Commodity trading covers essential resources in global markets, allowing traders to buy and sell various raw materials including metals, energy, and agricultural products.
- Stocks: Stock trading lets investors participate in the price fluctuations of publicly listed companies, earning from price changes and dividends based on company performance without owning the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from high-volatility assets.
Investment Plans
elitecapital.live offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full suite of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals daily
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
elitecapital.live offers a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over comprehensive liquidity providers executing more than 12,000 orders per second.
Deposits and Withdrawals
elitecapital.live only supports deposits and withdrawals via cryptocurrencies.
Conclusion:
Traderknows reminds investors that elitecapital.live is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
