elitemt.live is a CFD broker registered on November 15, 2023. The broker primarily offers investment services in various trading markets, including forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where such activities might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on elitemt.live, the broker was founded in 2016, claiming its company entity to be VLS and stating that it is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed detailed company registration and regulatory information.
Upon verification, no company named "VLS" could be found in the ASIC database.
Therefore, elitemt.live is essentially a fraudulent broker website with no legitimate company entity or regulatory oversight.
Account Opening Process
To open a trading account with elitemt.live, visit their official website and click "Open Account" or "SIGN UP" at the top right corner of the homepage to access the account registration page. Fill in your name, email address, and other personal information, set a password, and submit. Once verified, your account will be successfully registered.
Trading Products
elitemt.live offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Involves trading different currencies with high liquidity, allowing traders to profit from currency rate fluctuations.
- Indices: Enables speculation on the performance of entire markets or specific sectors without trading individual stocks, offering diverse trading opportunities with high leverage.
- Commodities: Involves trading key global resources like metals, energy, and agricultural products.
- Stocks: Allows investors to participate in price movements and dividends of public companies without owning the actual stock.
- Cryptocurrencies: Provides opportunities for enthusiasts to profit from highly volatile digital assets.
Investment Plans
elitemt.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 benefits package
- 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
- Payments via Bitcoin only
- Available with any broker
Trading Platform
elitemt.live offers a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second, supported by multiple liquidity providers. However, the provided download link directs to the MT4 trading platform, where no broker named Elitemt can be found.
Deposits and Withdrawals
elitemt.live does not support credit card or bank wire transactions for deposits and withdrawals, only allowing transactions via cryptocurrency.
Conclusion:
Traderknows reminds investors that elitemt.live is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
