Element Forex broker specializes in providing foreign exchange trading services, the company's official website https://user.wamsm.com/register/fast, the company's legitimate regulatory information AustraliaASICMarket Maker (MM),JapanFSARetail Forex License,United KingdomFCAEuropean Authorized Representative (EEA), to enhance the security of the company's address .
Element Forex Broker
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Note: Element's official website: https://elemenspanader.com/ is currently inaccessible normally.
Element was registered in 2023 in the United States. It provides many trading assets, including forex, precious metals, oil, indices and cryptocurrencies. However, it is not regulated currently.
Pros and Cons
| Pros | Cons |
| Various trading assets | Not regulated |
| Relatively new | |
| Lack of transparency |
Is Element Legit?
| Regulatory Status | Suspicious Clone |
| Regulated by | Australia |
| Licensed Institution | AVA CAPITAL MARKETS AUSTRALIA PTY LTD |
| Licensed Type | Market Making (MM) |
| Licensed Number | 406684 |
| Regulatory Status | Suspicious Clone |
| Regulated by | Japan |
| Licensed Institution | Ava Trade Japan K.K |
| Licensed Type | Retail Forex License |
| Licensed Number | 関東財務局長（金商）第1662号 |
| Regulatory Status | Suspicious Clone |
| Regulated by | United Kingdom |
| Licensed Institution | AVA Trade EU Limited |
| Licensed Type | European Authorized Representative (EEA) |
| Licensed Number | 504072 |
Element Trade MT5 claims to be licensed by financial regulators in the UK, Austria, Japan and the US. However, The registration of the UK-based company AVA Trade EU Limited has nothing to do with Element Trade MT5, and the others's license institutions are also different.
What Can I Trade on Element?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals | ✔ |
| Oil | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Options | ❌ |
| ETFs | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| Element Trade platform | ✔ | Web | Experienced traders |
Rating Index
Element Similarly Rated Brokers
Latest Reviews
Lysandra Evangeline Donovan
United States
Hey fellow traders, just wanted to share my experience with Element. I've been using their platform for a while, and I've gotta say, it's been a pretty good ride! The MetaTrader 5 platform they've got is top-notch – super easy to use with all the cool features you need. I can trade stocks, oil, gold, Bitcoin, you name it, all in one place. The demo account was a lifesaver for me to practice without risking real cash, and it gave me the confidence to jump into live trading.
Neutral
2023-12-06
Aimee
Netherlands
Honestly, their MT5 trading platform was surprisingly smooth, no glitches or lags whatsoever. And hey, they even support automated trading, which is a nice bonus. But you know what really ticked me off? Their brokers seemed way too greedy for my liking. They were always pushing me to deposit more and more funds, like they couldn't get enough. Seriously, it rubbed me the wrong way. I mean, come on, give me a break! I'm not some cash cow here.
Neutral
2023-06-19
Clementine Beauregard
New Zealand
Hey traders, got a few concerns about Element that I think you should know. First off, the regulation thing is a bit sketchy. I mean, who wants to trade with a broker that's not properly regulated, right? And the website doesn't tell you the minimum deposit needed – kinda makes it hard to plan your moves.
Neutral
2023-12-07