Elitemetafx is a CFD broker whose official domain was registered on October 15, 2023. This broker primarily provides investment services to investors in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries or regions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status
According to information available on its official website (elitemetafx.com), Elitemetafx was established in 2016 and claims its corporate entity is VLS, regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed the company's registration information or detailed regulatory data.
Upon verification, the Australian Securities and Investments Commission (ASIC) has no record of a regulated company named "VLS."
Therefore, Elitemetafx (elitemetafx.com) is essentially a fraudulent broker website without any company entity or regulatory oversight.
Account Opening Process
The account opening process for an Elitemetafx trading account is as follows: Visit the broker's official website, click on "Open Account" on the homepage or "SIGN UP" at the top right corner, fill in your personal information such as name and email, set a password, and submit. Once your account is verified, you will successfully register.
Trading Instruments
Elitemetafx offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, renowned 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. By exploring popular indices, traders can find diverse opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers vital global market resources, allowing traders to buy and sell raw materials like metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in public companies' price fluctuations, earning from price changes and dividends based on corporate performance without actual stock ownership.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Elitemetafx provides 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 benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
Elitemetafx offers its own developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, integrated with liquidity providers, and over 12,000 orders executed per second.
Deposits and Withdrawals
Elitemetafx only supports deposits and withdrawals through cryptocurrency.
Summary:
Traderknows reminds investors that Elitemetafx 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.
