Broker Summary
What Wikilix has recorded about Elite Trade: its history, the licences it holds, its trading conditions and its fees.
Overview
Elite Trade Limited operates the website and presents itself as a digital-assets and foreign-exchange investment platform. Despite the trading language, the product it actually sells is not a brokerage account. There is no order ticket, no instrument list and no trading terminal anywhere on the site. Clients deposit cryptocurrency into one of several fixed-return investment plans and the operator promises to return the capital plus a stated percentage after a fixed number of hours or days.
Regulation and licence
The company page states that Elite Trade Limited is licensed and regulated by the Securities & Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), and the FAQ repeats that it is licensed by the Securities and Exchange Commission to carry out financial activities in over 105 countries. No licence number, licensed entity name or register reference is published anywhere on the site to support either claim, and the site links to no regulator record. WIKILIX found no evidence that this operator holds a licence from any financial regulator. The claimed regulators are United States authorities, while the operator presents itself as a United Kingdom company at a London address, which is not a combination any licensing regime produces.
Safety of client funds
Because no licence has been evidenced, none of the protections a licence carries apply here: no segregation requirement for client money, no capital adequacy supervision, no compensation scheme and no ombudsman. Deposits are made in Bitcoin and Ethereum, which are irreversible once sent. The FAQ additionally describes a NETWORK FEE that must be paid before a withdrawal is processed, while a neighbouring answer states that no fees are charged. A payment demanded before a payout is released is the defining mechanic of an advance-fee scheme, and the two answers cannot both be true.
Plans instead of accounts
The lists eight tiers: REGULAR (11 percent in 24 hours, 100 to 3,000 USD), MASTER (28 percent in 3 days, 3,001 to 20,000 USD), LEGEND (55 percent in 5 days, 20,001 to 100,000 USD), LIVE TRADING (50 percent in 1 hour, 2,550 to 50,000 USD), PROMO LEVEL 1 (50 percent in 5 days), PROMO LEVEL 2 (70 percent in 7 days), PROMO LEVEL 3 (90 percent in 9 days) and PROMO LIVE TRADING (80 percent in 3 hours, from 4,050 USD with no stated maximum). Each tier also pays a referral bonus of 5 to 15 percent. Returns of this size on a fixed schedule are not achievable in any market, and paying commission for recruiting new depositors is a structural feature of a Ponzi scheme rather than of an investment product.
Fees, leverage and platforms
The site publishes no spreads, no commission schedule, no leverage and no instrument counts. It offers no MetaTrader 4, MetaTrader 5, cTrader or proprietary trading platform, and no download or web terminal link exists on any page. The minimum deposit is 100 USD and the stated minimum withdrawal is 1 USD.
Funding
Deposits and payouts are handled in Bitcoin and Ethereum only. No card, bank transfer or e-wallet channel is offered, and no fee schedule, limit table or processing time is published beyond the marketing claim of instant withdrawal approval.
Company and contact
The footer and legal pages name Elite Trade Limited at 128 City Road, London, EC1V 2NX. A search of UK Companies House returns no active company of that name at that address. The only exact name match, ELITE TRADE LIMITED, company number 06730303, was dissolved on 15 June 2010 and was registered in Luton. The contact page gives an email address and a WhatsApp number; the telephone number is shown as coming soon. The Terms of Use place the agreement under the law of Denmark and direct notices to an email address on an unrelated hosting domain, which reads as an unedited template rather than a document drafted for this business.
Pros and cons
- The plan tiers, minimum deposit and referral rates are stated openly rather than hidden behind a login.
- The regulatory claim is unsupported by any licence number or register entry.
- The named operating company cannot be found on the register of the country it claims.
- Returns of 11 percent per day and 90 percent in nine days are not attainable.
- A fee is demanded before withdrawal while the site simultaneously advertises no fees.
- Deposits are crypto-only and therefore irrecoverable once sent.
Assessment
Elite Trade Limited is not a foreign-exchange or CFD broker. It is a fixed-return deposit scheme with a referral programme, wrapped in trading vocabulary, making a regulatory claim it cannot support and operating behind a company that does not appear on the register it points to. WIKILIX considers the risk of total loss of deposited funds to be very high and does not consider this operator suitable for any investor.
Website snapshots
7 full-page captures of Elite Trade's own site, archived so what they said can still be read after the pages change.
Regulatory Licenses
We have not confirmed any regulation for Elite Trade. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Elite Trade. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Country availability
Where Elite Trade says it will and won't take clients
No country restrictions on record. We looked and found nothing published — which is not the same as being open to everyone. Check Elite Trade's terms.
How we know — 6 sources
- 1Terms of Use (https://elitetradesltd.com/terms) was read in full and names no restricted, prohibited or excluded jurisdiction; clause 11.5 states the agreement is governed by the law of Denmark.
- 2No dedicated countries page is published: https://elitetradesltd.com/restricted-countries and https://elitetradesltd.com/accepted-countries both return an application error page.
- 3The registration form (https://elitetradesltd.com/register) collects full name, email, username, password and referrer only. It has no country selector and issues no country list request, so onboarding enforces no geographic filter and no jurisdiction is explicitly accepted.
- 4The FAQ page (https://elitetradesltd.com/+faqs) publishes no restriction; it states the operator is licensed 'to carry out financial activities in over 105 countries' without naming any of them.
- 5No AML or KYC policy, deposit and withdrawal page or partner terms page is published on the site; the site links only Home, About, Plans, Contact, FAQs and Terms of Use.
- 6The footer carries no risk disclaimer naming excluded jurisdictions; the site offers machine translation into 58 languages rather than distinct market variants.
Funding Methods
2 ways to fund an account. 2 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| BitcoinCryptocurrency1 | Not recorded | Not recorded | USD 100 | USD 1Not recorded | Instant |
| EthereumCryptocurrency1 | Not recorded | Not recorded | USD 100 | USD 1Not recorded | Instant |
Broker's notes on these methods
- Named on the site as a deposit and payout channel; the site advertises instant withdrawal approval · applies to 2 methods
Corporate Network
One legal entity behind the Elite Trade brand.
Company Registration
Elite Trade names Elite Trade Limited as the operating company. We could not confirm that registration on the registry.
- Legal entity
- Elite Trade Limited
- Jurisdiction
- United Kingdom
- Registry
- UK Companies House
- Registered address
- 128 City Road, London, United Kingdom, EC1V 2NX
Brokers worth comparing
One other broker on the record shares what Elite Trade offers — its country, regulator, account types or platforms — set beside it on the same measures.
Elite Trade
This recordUnited Kingdom· Elite Trade LimitedWikilix score 0.0RegulationNo RegulationMax leverageNot recordedPlatformsNot recordedLicencesNot recordedDeltaFX
United Kingdom · since 2002· DeltaFx PartnershipWikilix score 33.0RegulationOffshoreAOFAMax leverage1:1000Platforms2Licences1
Frequently Asked Questions
Common questions about Elite Trade
Stop sending further funds, and in particular do not pay any NETWORK FEE or similar charge requested to release a withdrawal, since that request is the scheme rather than a route out of it. Request a full withdrawal in writing and keep the response. Preserve every record you have: deposit wallet addresses, transaction hashes, emails, chat logs and screenshots of the plan terms. Report the matter to your national financial regulator and to your local police or fraud reporting service, and if any card or bank rail was involved at any stage, contact that provider immediately.
The site makes no founding claim and shows only a current-year copyright line. No incorporation date can be confirmed, because the named company does not appear on the register it points to. An operator whose age cannot be verified at all should be treated as unproven.
No. Without an evidenced licence there is no client-money segregation requirement, no capital adequacy supervision, no compensation scheme and no ombudsman to appeal to. Funds are deposited in cryptocurrency, so there is no chargeback route either. A client who cannot withdraw has no supervisory body to escalate to.
By email at support@elitetradesltd.com, through the contact form at , through an on-site chat widget, or by WhatsApp on +44 7561 161357. The telephone number is shown on every page as coming soon, so no phone line is published. No named compliance or complaints contact exists.
The site names no restricted or accepted countries anywhere, publishes no restricted-countries page, and its registration form has no country field at all. The FAQ claims coverage of over 105 countries without naming one. Practically, onboarding appears to apply no geographic filter, which is itself a red flag: licensed firms restrict the markets they serve.
Yes. Every plan pays a referral bonus of 5 to 15 percent, the registration form asks for a referrer, and the FAQ lists company-sponsored vacation trips and promotion within the company as further rewards. Paying commission for introducing new depositors is a structural feature of a Ponzi scheme and not of a regulated brokerage.
Eight fixed tiers: REGULAR 11 percent in 24 hours, MASTER 28 percent in 3 days, LEGEND 55 percent in 5 days, LIVE TRADING 50 percent in 1 hour, PROMO LEVEL 1 50 percent in 5 days, PROMO LEVEL 2 70 percent in 7 days, PROMO LEVEL 3 90 percent in 9 days, and PROMO LIVE TRADING 80 percent in 3 hours. No legitimate investment produces guaranteed returns on that schedule, and no strategy, counterparty or risk disclosure is offered to explain how they would be generated.
The FAQ says yes and no in adjacent answers. One states plainly that no fees are charged; another states that a NETWORK FEE is required, is a one-time payment, and is described as a refundable deposit returned within 24 hours. A payment demanded before a withdrawal is released is the standard mechanic of an advance-fee scheme, and WIKILIX regards it as the single clearest warning on this site.
Deposits and payouts are in Bitcoin and Ethereum only. The site offers no card, bank transfer or e-wallet route. It states a 100 USD minimum deposit, a 1 USD minimum withdrawal and instant withdrawal approval, but publishes no fee schedule, no limit table and no named payment provider. Crypto payments are irreversible once sent.
None. The site offers no MetaTrader 4, MetaTrader 5, cTrader or proprietary terminal, and publishes no download link or web trader on any page. The only client-facing area is a login-protected member dashboard for depositing into plans.
None is published. The site quotes no leverage, no margin requirement and no position sizing anywhere, because it does not offer a trading account. Clients do not place trades; they buy into a fixed-return plan.
100 USD, which the site states both on the homepage and in the FAQ. The entry plan, REGULAR, runs from 100 to 3,000 USD. Higher tiers require 1,050 USD, 2,550 USD, 3,001 USD, 4,050 USD, 5,050 USD and 20,001 USD respectively.
WIKILIX rates it as very likely a scam. Three findings drive that: an unsupported claim of SEC and FINRA regulation, an operating company that cannot be found on the register of the country it claims, and a plan structure that promises 11 percent in 24 hours and 90 percent in nine days with referral commission on new deposits. That combination is the signature of a Ponzi scheme, not of a broker.
The site names Elite Trade Limited of 128 City Road, London, EC1V 2NX in its footer, its About page and its legal documents. A search of UK Companies House returns no active company of that name at that address. The only exact name match, company number 06730303, was dissolved in June 2010 and was registered in Luton, not London. No director, owner or officer is named anywhere on the site.
No licence has been evidenced. The company page claims Elite Trade Limited is licensed and regulated by the SEC and FINRA, and the FAQ repeats a claim of an SEC licence covering over 105 countries, but the site publishes no licence number, no licensed entity name and no link to any regulator record. WIKILIX found no evidence of a licence from any financial regulator, and treats the published claim as unsupported.
Comments
Share your thoughts and experiences with Elite Trade