Elite Strategies is a Forex broker based in the United States. In the review below, we take an in-depth look at the features elifx.com allegedly offers. The review covers aspects of its licensing, its account types, its leverages, its withdrawal, and deposit methods. Read through our review as we go through what little information we could source to determine if Elite Strategies is a scam or not.
Table of Contents
Elite Strategies Trading Platform
Elite Strategies claims to support the MT4 trading platform while offering assets such as Forex (with leverages up to 1:100) and CFDs, Indices, Stocks, and Precious metals.
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Elite Strategies claim that their aim is to provide only the best trading experience, guaranteeing a seamless and high-speed execution and powerful performance.
Elite Strategies Account types
The price starts below the acceptable price we have become used to. It starts at $100.
This isn’t a bad thing on its own, it is just that scammers use the attractive low price tag to lure and entice unsuspecting traders to deposit funds.
Is Elite Strategies licensed?
The location of this particular broker is hard and confusing to determine. Elifx.com lists their address as 6547 N Academy Blvd #2266 Colorado Springs, 80918 Colorado, United States. Then in their Jurisdictional disclaimer say that:
“The information on this site is not directed at residents of the United States, Belgium, North Korea or any particular country outside St. Vincent & the Grenadines and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.”
Then the site goes ahead to mention another office located in Australia: Elite Strategies Corporation Pty Ltd. This company is indeed registered under the Australian financial regulator ASIC.
We couldn’t to any degree, certainly say that the two companies are related even if the website named the second company
Elite Strategies Deposit and Withdrawal Methods
Elite Strategies claims to support these following methods
Tether, Neteller, Bitcoin, Bitcoin cash, Etherium, Dash, Visa, Mastercard
There was no mention of any withdrawal fees on the site. However, we warn against dealing, dealing with unlicensed brokers as we never know if they won’t charge unexpected fees once the clients have deposited their funds.
Another risk is that might also be withdrawal conditions concerning accounts that take advantage of the bonus promotion. Some fraudulent brokers stipulate that a trader must achieve a certain trading volume in order to be eligible for withdrawal. This is purposefully done in order to stop traders from making a withdrawal.
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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion
We wouldn’t recommend using this forex brokerage, we are not impressed with the vague information they have provided.
In conclusion, we wouldn’t advise or recommend you to trade with elifx.com as we could not substantiate their claim of being a registered company.
Elifx.com is likely a platform run by scammers, trading with them would likely result in you losing your money. There is a tremendous risk on any transactions interested traders may conclude with the brokerage and we deeply recommend they look elsewhere for viable trading options.