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Elite Strategies Company, also known as Elifx, was founded in 2018. The company emerged with the goal of providing accessible online trading services to a diverse clientele, emphasizing a user-friendly experience in the forex and CFD trading markets.
Elite Strategies is owned by Elite Investors Group, a holding company that encompasses a range of financial services firms. This ownership structure allows for a comprehensive suite of trading services and educational resources aimed at both novice and experienced traders.
The company's headquarters is located at 6547 N Academy Blvd #2266, Colorado Springs, CO 80918, United States. Additionally, it has a registered entity in Australia, known as Elite Strategies Corporation Pty Ltd.
Elite Strategies operates on a global scale, providing trading services to clients from various regions, although certain restrictions apply based on local regulations. The company offers a wide array of financial products, catering to both individual and institutional investors.
Elite Strategies was previously regulated by the Australian Securities and Investments Commission (ASIC). However, its license was revoked due to non-compliance with regulatory requirements. The company has faced scrutiny regarding its regulatory status, including warnings about a suspicious clone entity operating under a similar name.
Since its inception, Elite Strategies has undergone several key developments. The company initially gained traction in the forex trading market, building a reputation for providing a range of trading options and educational resources. However, it faced significant regulatory challenges in recent years.
Elite Strategies has expanded its offerings to include not only forex trading but also CFDs, stocks, and commodities. This expansion has allowed the company to cater to a broader audience, including those interested in cryptocurrency investments.
The company has witnessed a fluctuating customer base, especially after regulatory issues surfaced. While it initially attracted a diverse clientele, the revocation of its ASIC license has led to a decline in trust among potential clients.
The trading platform offered by Elite Strategies is based on MetaTrader 4 (MT4), a widely recognized trading platform in the industry. The company has made efforts to enhance the user experience through regular updates and educational resources.
Despite its challenges, Elite Strategies has been recognized for its educational initiatives and diverse product offerings. However, specific awards or formal recognitions have not been widely documented.
Elite Strategies provides access to over 45 currency pairs for forex trading. These include major, minor, and exotic pairs, catering to various trading strategies and preferences.
The company offers trading in a variety of stocks, enabling clients to invest in publicly traded companies across different sectors. The minimum commission for trading stocks is set at $3.
Clients can engage in CFD trading across a range of instruments, including indices, commodities, and shares. This allows for speculative trading without the need for ownership of the underlying assets.
In addition to forex and stocks, Elite Strategies provides access to cryptocurrencies, including Bitcoin and Ethereum, as well as commodities such as gold and oil. This diverse range of financial instruments allows traders to capitalize on various market opportunities.
Elite Strategies offers educational resources, including introductory videos on trading strategies and tools. This commitment to education is aimed at empowering traders to make informed decisions. Additionally, the company provides demo accounts for potential clients to explore its offerings without financial risk.
Elite Strategies is primarily regulated by ASIC, but its license has been revoked due to compliance issues. The company faces scrutiny regarding its operational legitimacy, particularly with the existence of a suspicious clone operating under a similar name.
In the United States, Elite Strategies operates as Elite Strategies Corporation Pty Ltd. In Australia, it was registered under ASIC but has since faced regulatory challenges.
Due to its revoked regulatory status, the companys client fund protection measures are questionable. There is limited information available regarding the safeguarding of client funds, raising concerns about potential risks for investors.
Elite Strategies aims to serve a global clientele, although it is subject to restrictions in certain jurisdictions, including the United States, Belgium, and North Korea.
The company has a troubled compliance history, with its ASIC license being revoked and warnings issued about a suspicious clone. This has raised significant concerns regarding its operational practices and commitment to regulatory standards.
Elite Strategies faces competition from several established brokers in the forex and CFD markets, including:
Despite its diverse offerings, Elite Strategies' positioning has been negatively impacted by its regulatory challenges. The revocation of its ASIC license has diminished its credibility compared to competitors that maintain strong regulatory compliance.
Elite Strategies differentiates itself through a broad range of financial instruments and a focus on educational resources. However, its poor regulatory status and the existence of a suspicious clone have significantly undermined its competitive edge.
In summary, Elite Strategies Company has a complex operational history characterized by both growth and significant regulatory challenges. While it offers a wide range of trading services and educational resources, its credibility has been compromised due to the revocation of its ASIC license and associated compliance issues. Investors are advised to exercise caution and conduct thorough research before engaging with the platform.
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