Element Forex Broker

Note: Element's official website: https://elementrader.com/ is currently inaccessible normally.ElementReview SummaryFounded2023Registered Country/RegionUnited StatesRegulationASIC/FSA/FCA (Suspicous Clone)Market InstrumentsForex, precious metals, oil, indices and cryptocurrenciesDemo Account/Leverage/Spread/Trading PlatformElement Trade platformMin Deposit/Customer SupportEmail: support@wamsm.com 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 ConsPros Cons Various trading assetsNot regulatedRelatively newLack of transparencyIs Element Legit?Regulatory Status Suspicious CloneRegulated by AustraliaLicensed Institution AVA CAPITAL MARKETS AUSTRALIA PTY LTDLicensed TypeMarket Making (MM)Licensed Number406684Regulatory Status Suspicious CloneRegulated by JapanLicensed Institution Ava Trade Japan K.KLicensed TypeRetail Forex LicenseLicensed Number関東財務局長（金商）第1662号Regulatory Status Suspicious CloneRegulated by United KingdomLicensed Institution AVA Trade EU LimitedLicensed TypeEuropean Authorized Representative (EEA)Licensed Number504072 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 PlatformTrading PlatformSupported Available Devices Suitable for MT4❌/BeginnersMT5❌/Experienced tradersElement Trade platform✔WebExperienced traders