ElastosTrade Forex Broker

Aspect Information Company Name ElastosTrade Registered Country/Area Hong Kong Founded Year 2021 Regulation Not regulated Minimum Deposit $10 Spreads Starting at 0.05% Trading Platforms Blockchain-based decentralized autonomous organization (DAO) Tradable Assets Cryptocurrency, Forex, Agro Import & Export Account Types Single account type for current investment ventures Demo Account N/A Customer Support 24/7 availability, Live chat, Email (SUPPORT@ELASTOSTRADE.COM) Deposit & Withdrawal Instant withdrawal, Fee-free structure, Accepts Bitcoin Educational Resources Official documentation, Community-driven Wiki, Slack, YouTube channel Overview of ElastosTrade ElastosTrade, established in 2021 and headquartered in Hong Kong, operates as a trading platform leveraging a blockchain-based decentralized autonomous organization (DAO). Not regulated by financial authorities, the platform offers a straightforward investment approach with a minimum deposit requirement of $10 and competitive spreads starting at 0.05%. ElastosTrade caters to a diverse range of assets, including cryptocurrency, forex, and Agro Import & Export. The company provides a singular account type designed for current investment ventures, with no specified demo account availability. Customer support is a key focus, ensuring 24/7 assistance through live chat and email (SUPPORT@ELASTOSTRADE.COM). Notably, the platform emphasizes user-friendly transactions, offering instant withdrawals with a fee-free structure and accepting Bitcoin. Educational resources are comprehensive, encompassing official documentation, a community-driven Wiki, Slack for discussions, and a YouTube channel featuring tutorials and presentations. Pros and Cons Pros Cons Multiple Range of Trading Lack of Regulation Instant Effect Limited Information Instant Withdrawal Single Account Type Principal Return Demo Account Not Provide No More Fees Stable Profit Pros: Multiple Range of Trading: Forex and CFDs on stock indices, commodities, stocks, metals, and energies Instant Effect: Trading begins immediately upon selecting a plan Instant Withdrawal: Ability to choose the withdrawal amount and receive it instantly Principal Return: Initial investment returned after the contract expires No More Fees: No maintenance fee, withdrawal fee, or hidden fees Stable Profit: Professional team manages the Trading Account, ensuring secured investment profit Cons: Lack of Regulation: ElastosTrade is not regulated, raising potential concerns about oversight and investor protection Limited Information: Some details such as the company's founding year are not specified, which may impact transparency Single Account Type: ElastosTrade offers only one account type, limiting user choice and customization Demo Account Not Provide: Information regarding the availability of a demo account is not provided, potentially limiting user experience and practice opportunities Regulatory Status ElastosTrade does not hold any regulated licenses from recognized financial authorities. This absence of regulatory oversight implies that the company is not subject to the rules, standards, and supervision typically enforced by regulatory bodies within the financial industry. As an unregulated entity, ElastosTrade is not bound by the stringent regulatory requirements that licensed brokers must adhere to. Market Instruments ElastosTrade offers a comprehensive range of investment products across different sectors: Cryptocurrency: ElastosTrade takes pride in its community's collective decision to invest in cryptocurrency, leveraging a team of experts. The investment strategy involves viable assets hedged with stable coins to minimize risks. Over the past three years, the community has collectively benefited from the industry's growth, resulting in a profit of $18 million. Profits are shared equitably among investors based on their respective contributions.Forex: With an excellent team of traders and automated trading mechanisms, ElastosTrade provides a risk-free investment platform for Forex trading. The community and users can earn daily yields ranging from 8.1% to 10.3% on a minimum investment. Users have the flexibility to easily switch between assets by converting proceeds to cryptocurrency with just one click, offering the best of both worlds in terms of investment opportunities.Agro Import & Export: To cater to offline investment enthusiasts, ElastosTrade has ventured into the rapidly growing Agro imports and exports industry. The team of experts excels in developing leading investment programs in Agro trading, resulting in a substantial return on investment (ROI). In April 2020 alone, the community generated a significant ROI of $2.6 million. As part of their commitment to social and environmental consciousness, ElastosTrade donates 0.5% of monthly proceeds to various conservation efforts. This includes initiatives such as tree planting to combat deforestation, solar power installations in developing cities, and other environmentally sustainable projects. Account Types ElastosTrade offers a single type of account for its users. This singular account type allows users to participate in the current investment ventures facilitated by ElastosTrade. To get started, users are required to make a minimum deposit of $10. Once the account is funded, users can benefit from daily profits ranging between 8.1% and 10.3%. Partner Program ElastosTrade provides two distinct partner programs for users to earn additional income: the Three Level Referral Program and the Regional Representative Program. Three Level Referral Program: ElastosTrade's Three Level Referral Program is designed to allow anyone to attract new members and earn extra income through a multi-level commission structure. Participants in this program can benefit from referral affiliate commissions distributed across three levels: 5% for the first level, 2% for the second level, and 1% for the third level. Notably, active deposits are not a prerequisite for participation; individuals can simply register on the ElastosTrade website and gain access to a personalized Dashboard equipped with a unique affiliate link. This link enables them to refer others to the platform and earn commissions based on the investment activities of their referred members. Regional Representative Program: For those seeking even more earning potential by actively promoting ElastosTrade, the Regional Representative Program is offered. This program provides higher affiliate commissions compared to the Three Level Referral Program. Regional Representatives can earn commissions at a rate of 10% for the first level, 2% for the second level, and 1% for the third level. This program is ideal for individuals who are enthusiastic about promoting the company within their region or network. Becoming a Regional Representative offers an opportunity to earn higher commissions while contributing to the growth and visibility of ElastosTrade. How to Open an Account？ Opening an account with ElastosTrade involves a straightforward process. Here are the concrete steps, broken down into four key points: Registration: Visit the official ElastosTrade website and locate the registration section. Complete the registration form by providing accurate personal information, including your name, email address, and a secure password. Account Verification: After registering, check your email for a verification message from ElastosTrade. Follow the provided link to verify your email address. Deposit Funds: Log in to your ElastosTrade account and navigate to the deposit section. Choose a suitable payment method from the available options and follow the instructions to fund your account. Start Trading or Investing: Once your account is funded, explore the trading or investment options on the ElastosTrade platform. You may choose from various financial products, such as cryptocurrency investments or forex trading. Spreads & Commissions ElastosTrade's spreads are among the lowest in the industry, starting at just 0.05%. This means that you will only pay a small amount of money for each trade that you make, which can save you a significant amount of money over time. ElastosTrade also charges a commission of 0.1% on all trades, which is again a very competitive rate. Here is a table of ElastosTrade's spreads and commissions: Pair Spread Commission ELA/BTC 0.05% 0.10% ELA/ETH 0.06% 0.10% ELA/USDT 0.09% 0.10% Trading Platform ElastosTrade boasts a cutting-edge trading platform that leverages the blockchain system of a decentralized autonomous organization (DAO) to revolutionize investment practices. Through this innovative approach, the platform successfully transitions from a centralized third-party system to a consensus-driven investment scheme. The unique feature of ElastosTrade's platform lies in its community-driven decision-making process. At the close of each investment year, the community actively collaborates to suggest and vote on potential investment ventures. This collective decision-making is a testament to the platform's commitment to inclusivity and transparency. Once the community has spoken, a highly professional team, meticulously selected by the members themselves, takes charge. This dedicated team thoroughly scrutinizes the chosen ventures to derive a robust investment formula. This formula is designed to align with the financial capacity and preferences of each voting member in the community, ensuring a tailored and democratic approach to investment strategies. Through the seamless integration of blockchain technology and community participation, ElastosTrade's trading platform stands at the forefront of fostering consensus-driven, secure, and inclusive investment practices. Deposit & Withdrawal ElastosTrade offers a user-friendly and efficient payment system with a focus on providing instant withdrawal capabilities and transparency in fees. Users can easily initiate withdrawals by selecting the desired amount, and the platform ensures that the funds are transferred instantly. One of the key advantages is the absence of additional fees, as ElastosTrade is committed to a fee-free structure. Accepted payments on ElastosTrade primarily include Bitcoin, showcasing the platform's alignment with cryptocurrency transactions. The emphasis on Bitcoin as an accepted payment method reflects ElastosTrade's commitment to embracing innovative financial technologies and providing users with flexibility in their transactions. This approach caters to users who prefer the convenience and security of cryptocurrency transactions. Customer Support ElastosTrade prioritizes robust customer support, ensuring users have access to assistance whenever needed. The platform's customer support is available 24/7, providing continuous service to address inquiries and concerns. Users can reach out via email at SUPPORT@ELASTOSTRADE.COM for comprehensive support. Additionally, ElastosTrade offers a live chat feature, enabling real-time interactions with customer support representatives. This commitment to constant availability through both email and live chat channels underscores ElastosTrade's dedication to providing prompt and responsive assistance, enhancing the overall user experience and fostering a sense of reliability for its clientele. Educational Resources ElastosTrade provides a comprehensive set of educational resources catering to individuals interested in understanding and engaging with the platform. The official Elastos documentation serves as a foundational resource, offering insights into the fundamentals of Elastos, covering installation processes, and providing guidance on developing applications within the Elastos ecosystem. Complementing this, the community-driven Elastos Wiki offers a diverse array of information, spanning the platform's history to its intricate technical architecture. For interactive discussions and networking, the Elastos Slack serves as a dynamic hub where enthusiasts can pose questions and connect with like-minded individuals in various channels dedicated to topics such as development, marketing, and community engagement. Additionally, the Elastos YouTube channel enhances the learning experience through a growing library of video tutorials and presentations, allowing users to glean insights directly from experts. Altogether, these educational resources create a multifaceted learning environment, empowering individuals to explore and comprehend the intricacies of the ElastosTrade. Conclusion ElastosTrade presents a platform with notable advantages, including a diverse range of tradable assets, instant initiation of trading activities, swift withdrawal processes, and a commitment to returning the initial investment. The absence of additional fees and the assurance of a stable profit, managed by a professional team, further contribute to its appeal. However, potential users should exercise caution due to lack of regulatory oversight, limited information about the company, the provision of only a single account type, and the undisclosed availability of a demo account. These drawbacks raise concerns about transparency, user customization, and investor protection. As such, individuals considering ElastosTrade should carefully weigh the platform's strengths against its limitations to make well-informed decisions tailored to their financial preferences and risk tolerance. FAQs Q: What is the range of assets available for trading on ElastosTrade？ A: ElastosTrade provides a diverse array of tradable assets, including forex, CFDs on stock indices, commodities, stocks, metals, and energies. Q: How quickly can I initiate trading activities on ElastosTrade？ A: Trading on ElastosTrade begins promptly upon selecting a plan, ensuring that investors can swiftly execute their chosen trading strategies without unnecessary delays. Q: Is there a waiting period for withdrawals on ElastosTrade？ A: No, ElastosTrade offers instant withdrawal capabilities. Q: What happens to my initial investment after the contract expires on ElastosTrade？ A: ElastosTrade guarantees the return of the initial investment after the contract expires. Q: Are there any hidden fees associated with using ElastosTrade？ A: No, there are no maintenance fees, withdrawal fees, or hidden charges, promoting transparency in financial transactions. Q: How is the trading account managed on ElastosTrade？ A: ElastosTrade boasts a professional team that takes charge of the trading account. Q: Is ElastosTrade regulated by financial authorities？ A: No, ElastosTrade is not regulated by financial authorities, and users should be aware of the potential risks associated with the absence of regulatory oversight. Q: Can I customize my account type on ElastosTrade？ A: ElastosTrade offers a singular account type.