Trade.Elite Coin Expert is a Contract for Difference (CFD) broker officially registered on August 19, 2023. The broker primarily offers a multitude of trading markets through platforms like MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, etc. It does not provide services to jurisdictions that may contravene local laws or regulations.
Corporate Registration Information and Regulatory Status:
Public information on the Trade.Elite Coin Expert official website reveals that the broker is regulated by the Financial Services Authority (FSA) of San Diego, California, with a securities dealer license number of SD018.
In fact, there is no such entity as the Financial Services Authority (FSA) of San Diego, California. Upon verification, it was found that the regulatory information provided on the broker's website was actually misappropriated from IC Markets, which is registered with the Financial Services Authority (FSA) of Seychelles under the entity Raw Trading Ltd, with a license number of SD018.
Opening an Account:
To open an account with Trade.Elite Coin Expert: visit the broker's official homepage and click on “Sign up” at the top right corner of the page. Fill in personal information such as name, email address, phone number, and set a login password before submitting. Once submitted, the account is successfully registered.
Trading Solutions:
Trade.Elite Coin Expert offers users three different types of trading plans: Start Up Plan, Re-Investment, Big Earners Plan.
Start Up Plan:
- Return period: 2 days
- Minimum account opening amount: $300
- Maximum account opening amount: $24,999
Re-Investment:
- Return period: 7 days
- Minimum account opening amount: $25,000
- Maximum account opening amount: $49,999
Big Earners Plan:
- Return period: 7 days
- Minimum account opening amount: $50,000
- Maximum account opening amount: Unlimited
Trading Platforms:
Trade.Elite Coin Expert claims to offer trading platforms such as MT4, MT5, and cTrader but does not provide related download links. Additionally, brokers by the name of Trade.Elite Coin Expert cannot be found on these platforms.
Depositing and Withdrawing:
Trade.Elite Coin Expert supports depositing and withdrawing through credit/debit cards, e-wallets, and bank transfer, among other methods.
Conclusion:
Traderknows reminds investors that Trade.Elite Coin Expert is actually a scam website imitating the brokerage IC Markets. It is recommended that investors choose brokers with transparent information, strong regulatory oversight, and good reputations for their trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
