English

ELITE CRYPTO TRADE foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://elitecryptotrade.com/register, about the company's legal and temporary regulatory information, the company's address 56 Burnley St, Richmond VIC 3121, Australia.

ELITE CRYPTO TRADE Forex Broker

Basic Information

Registered Region

Australia

Operating Period

Company Name

ELITE CRYPTO TRADE

Abbreviation

ELITE CRYPTO TRADE

Company employee

Customer Service Email Address

support@elitecryptotrade.com

Company Website

https://elitecryptotrade.com/

Company address

56 Burnley St, Richmond VIC 3121, Australia

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

ELITE CRYPTO TRADE Basic Information Company Name ELITE CRYPTO TRADE Founded 2019 Headquarters Australia Regulations Not regulated Tradable Assets Cryptocurrency pairs, futures, options Account Types Standard, Premium, VIP Minimum Deposit 100$ Maximum Leverage 1:100 Spreads From 0.02% Commission From 0.03% Deposit Methods Cryptocurrencies, fiat currencies Trading Platforms WebTrader, MetaTrader 5 (MT5) Customer Support Email: support@elitecryptotrade.com Address: 56 Burnley St, Richmond VIC 3121, Australia (Limited information available) Education Resources Blog, webinars, trading courses, ebooks, glossary Bonus Offerings None Note: At this time, we only have a cursory look at ELITE CRYPTO TRADE as the company's official website (https://elitecryptotrade.com/ ) does not open properly. Risk Warning Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only. Screenshot time: 02/09/2023 WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring. General information and regulations ELITE CRYPTO TRADE is registered in Australia and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker. When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable. Pros and Cons ELITE CRYPTO TRADE, as an unregulated cryptocurrency trading platform, presents a challenging landscape for traders. While it offers a variety of trading instruments and account types that cater to different needs, its lack of regulatory oversight is a significant drawback. This absence of regulation raises substantial concerns about the security of funds and the transparency of its operations, making it a risky choice for traders. Additionally, the platform's leverage, though potentially advantageous, can lead to significant losses if not used with extreme caution. While ELITE CRYPTO TRADE provides flexibility in deposit methods and offers two trading platforms, its customer support options are limited, and the availability of services like live chat or 24/7 support remains unclear. Traders should carefully weigh the potential benefits against the considerable risks before considering this platform for cryptocurrency trading. Pros Cons Various trading instruments Lack of regulatory oversight Multiple account types High leverage Flexible deposit methods Limited customer support Choice of trading platforms Unclear service availability Educational resources Trading Instruments Elite Crypto Trade is a cryptocurrency exchange that offers a variety of trading instruments, including: Cryptocurrency pairs: Elite Crypto Trade offers over 100 cryptocurrency pairs to trade, including Bitcoin, Ethereum, Litecoin, and Dogecoin. Cryptocurrency futures: Elite Crypto Trade offers futures contracts on a variety of cryptocurrencies, allowing traders to speculate on the future price of a cryptocurrency. Cryptocurrency options: Elite Crypto Trade also offers options contracts on a variety of cryptocurrencies, giving traders the right, but not the obligation, to buy or sell a cryptocurrency at a certain price on or before a certain date. Here is a comparison table of trading instruments offered by different brokers: Broker Forex CFDs Crypto Options Futures Mayfair Markets No No Yes Yes Yes eToro Yes Yes Yes No No IG Yes Yes Yes Yes Yes Capital.com Yes Yes Yes Yes Yes Account Types ELITE CRYPTO TRADE offers three account types: Standard, Premium, and VIP, each tailored to different trader preferences. Standard Account: Designed for beginners or those with limited budgets, the Standard account requires a minimum deposit of 100 USD. Traders get access to ELITE CRYPTO TRADE's trading tools, including charts, indicators, and risk management features, along with 24/5 customer support. Premium Account: Geared towards traders seeking more benefits, the Premium account necessitates a minimum deposit of 500 USD. It includes all Standard account features plus a dedicated account manager, daily market analysis, and reduced trading fees. VIP Account: The VIP account, intended for experienced traders or those with significant capital, demands a minimum deposit of 10,000 USD. VIP members receive Premium benefits as well as a VIP account manager, weekly market strategy sessions, and even lower trading fees. Leverage Elite Crypto Trade offers leverage of up to 100:1 on cryptocurrency pairs. This means that traders can borrow up to 100 times their account balance to open a trade. Leverage can be a powerful tool for traders, but it is important to use it carefully. Leverage can amplify both gains and losses, so it is important to have a good understanding of risk management before using leverage. For example, if a trader has an account balance of 1,000 USD and uses 100:1 leverage to open a long position on Bitcoin, the trader will be able to control a position worth 100,000 USD. If Bitcoin price increases by 10%, the trader will make a profit of 10,000 USD. However, if Bitcoin price decreases by 10%, the trader will lose 10,000 USD. It is important to note that leverage can also lead to margin calls. A margin call occurs when the trader's account balance falls below a certain threshold. If a trader receives a margin call, they will need to deposit more funds into their account or close some of their trades. Here is a comparison table of maximum leverage offered by different brokers: Broker Elite Crypto Trade eToro XM RoboForex Maximum Leverage 1:100 1:400 1:888 1:2000 Spreads and Commissions ELITE CRYPTO TRADE offers spreads and commissions for cryptocurrency trading. For major cryptocurrency pairs like BTC/USD and ETH/USD, spreads are typically around 0.1%. Commissions vary based on the account type and trading volume. - Standard Account: Spreads at 0.1% and commissions at 0.05%. - Premium Account: Spreads are 0.05% with commissions of 0.04%. - VIP Account: Features spreads as low as 0.02% and commissions of 0.03%. These spreads and commissions cater to different trading preferences, allowing traders to choose what suits them best. Deposit & Withdraw Methods ELITE CRYPTO TRADE provides flexibility in deposit and withdrawal methods, accommodating various preferences: Deposits: - Cryptocurrencies: You can deposit funds using a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Dogecoin. - Fiat Currencies: ELITE CRYPTO TRADE also accepts deposits in fiat currencies like USD, EUR, and GBP. Withdrawals: - Withdrawals are typically processed within 24-48 hours. However, the processing time may vary depending on the chosen withdrawal method. Fees: - ELITE CRYPTO TRADE does not levy any fees for deposits or withdrawals. Please be aware that your bank or payment processor may impose fees on your transactions. Trading Platforms ELITE CRYPTO TRADE offers two distinct trading platforms to cater to varying trader preferences: WebTrader: - WebTrader is a web-based trading platform, accessible from any device with an internet connection. It is designed for traders seeking a user-friendly and straightforward trading experience. This platform offers convenience and ease of use, making it an ideal choice for those who prefer simplicity in their trading activities. MetaTrader 5 (MT5): - MetaTrader 5 is a robust desktop trading platform that boasts a substantial user base globally. MT5 is renowned for its extensive array of features and tools, encompassing technical and fundamental analysis resources, as well as real-time market news updates. Traders looking for a more advanced and comprehensive trading platform often opt for MetaTrader 5, leveraging its powerful capabilities to enhance their trading strategies and decision-making processes. Customer support The support service provided by ELITE CRYPTO TRADE is not very extensive. It can only be accessed via email and an address. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc. Below are the details about the customer service. Email: support@elitecryptotrade.com Address: 56 Burnley St, Richmond VIC 3121, Australia Educational Resources ELITE CRYPTO TRADE offers a variety of educational resources to help its clients learn how to trade cryptocurrencies successfully. These resources include: Blog: ELITE CRYPTO TRADE's blog features articles on a variety of trading topics, including trading strategies, technical analysis, and risk management. Webinars: ELITE CRYPTO TRADE hosts regular webinars on a variety of trading topics. These webinars are a good way to learn about trading from experienced professionals. Trading courses: ELITE CRYPTO TRADE offers a variety of trading courses, both free and paid. These courses cover a variety of trading topics, from beginner to advanced. Ebooks: ELITE CRYPTO TRADE offers a variety of free ebooks on trading topics. These ebooks are a good way to learn about trading at your own pace. Glossary: ELITE CRYPTO TRADE offers a glossary of trading terms. This glossary is a good resource for learning the meaning of trading terms and concepts. Conclusion In conclusion, ELITE CRYPTO TRADE offers a range of trading instruments and account types to cater to diverse trader preferences. However, its lack of regulatory oversight poses significant risks, making it a less secure choice for traders. The availability of high leverage can amplify both gains and losses, requiring careful risk management. While the platform provides flexibility in deposit methods and offers educational resources, its limited customer support options and uncertain service availability raise concerns. Traders considering ELITE CRYPTO TRADE should weigh the potential advantages against the notable disadvantages and exercise caution when engaging in cryptocurrency trading on this platform. Users exposures We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed. Frequent asked questions about ELITE CRYPTO TRADE Q: Is ELITE CRYPTO TRADE regulated by any financial authorities？ A: No, ELITE CRYPTO TRADE is not regulated by any recognized financial regulatory authority, which means it operates without oversight from such entities. Q: What types of trading instruments can I access on ELITE CRYPTO TRADE？ A: ELITE CRYPTO TRADE offers cryptocurrency pairs, cryptocurrency futures, and cryptocurrency options for trading. Q: What are the account types available on ELITE CRYPTO TRADE？ A: ELITE CRYPTO TRADE offers three account types: Standard, Premium, and VIP, each designed to suit different trading preferences. Q: What is the maximum leverage offered by ELITE CRYPTO TRADE？ A: ELITE CRYPTO TRADE provides a maximum leverage of 1:100 for cryptocurrency trading. Q: What trading platforms are available on ELITE CRYPTO TRADE？ A: ELITE CRYPTO TRADE offers two trading platforms: WebTrader and MetaTrader 5 (MT5), catering to different trader preferences.

ELITE CRYPTO TRADE broker review

Is ELITE CRYPTO TRADE safe or scam

Rating Index

How to login to ELITE CRYPTO TRADE?

elite crypto trade Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a elite crypto trade Account Registering for an elite crypto trade account is the first step towards accessing a wide range of trading opportunities in

Elite Crypto Trade Broker - Complete Information Guide

1. Broker Overview

　　Elite Crypto Trade is a cryptocurrency trading platform that was established in 2019. The company claims to be headquartered in Australia, specifically at 56 Burnley St, Richmond VIC 3121. However, there are significant concerns regarding its legitimacy and regulatory status, as it operates without proper oversight. Elite Crypto Trade is privately held and focuses on providing trading services primarily in the cryptocurrency market.

　　The broker caters to a diverse clientele, including retail traders and institutional investors, offering a range of trading products and services. Over the years, Elite Crypto Trade has positioned itself as a player in the competitive cryptocurrency trading landscape, although its growth has been marred by allegations of fraudulent practices and lack of transparency.

　　The business model of Elite Crypto Trade revolves around retail forex trading, cryptocurrency trading, and other financial instruments. Despite its claims of offering a comprehensive trading experience, there are numerous red flags associated with the broker, including a lack of regulatory compliance and negative feedback from users.

2. Regulatory and Compliance Information

　　Elite Crypto Trade operates without any recognized regulatory oversight, which raises serious concerns about the safety of client funds. The broker is not registered with any major financial authorities, and there are no valid regulatory licenses available. This absence of regulation is a significant drawback, as it implies that there are no legal protections in place for investors.

　　The company does not provide clear information regarding its regulatory status or any compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This lack of transparency further complicates the trustworthiness of the Elite Crypto Trade broker.

　　In summary, potential clients should be aware that:

No recognized regulatory authority oversees Elite Crypto Trade.
No investor compensation fund participation is disclosed.
KYC and AML compliance measures are unclear, posing risks for investors.

3. Trading Products and Services

　　Elite Crypto Trade offers a variety of trading products primarily focused on cryptocurrency. The platform provides access to over 100 cryptocurrency pairs, including major currencies like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Additionally, the broker offers trading in Contracts for Difference (CFDs), covering various asset classes such as indices, commodities, and stocks.

　　The range of products available includes:

Cryptocurrency Pairs: A wide selection of trading pairs, allowing for diversification.
CFDs: Enabling traders to speculate on price movements without owning the underlying assets.
Futures and Options: These products are also available, providing traders with additional strategies to manage risk and enhance profit potential.

　　The frequency of product updates and the introduction of new trading instruments seem limited, as there is no clear information available regarding the broker's commitment to expanding its offerings.

4. Trading Platforms and Technology

　　Elite Crypto Trade provides access to two primary trading platforms: a proprietary web-based platform and MetaTrader 5 (MT5). The inclusion of MT5 is beneficial for traders who prefer a robust platform with advanced trading features, including technical analysis tools and automated trading capabilities.

　　Key features of the trading platforms include:

WebTrader: A user-friendly interface that is accessible from any device with an internet connection, suitable for traders seeking simplicity.
MetaTrader 5: A powerful trading platform favored by many traders for its extensive features, such as real-time market data, advanced charting capabilities, and support for algorithmic trading.

　　The broker's execution model remains ambiguous, with no clear information provided regarding whether it operates as an ECN, STP, or Market Maker. Furthermore, the lack of transparency regarding server locations and technological infrastructure raises concerns about the reliability of the trading experience.

5. Account Types and Trading Conditions

　　Elite Crypto Trade offers several account types tailored to different trading preferences:

Standard Account: Requires a minimum deposit of $100, with typical spreads starting from 0.1% and commissions varying based on trading volume.
Premium Account: Aimed at more experienced traders, requiring a minimum deposit of $500 and offering additional benefits such as daily market analysis.
VIP Account: Designed for high-net-worth individuals, demanding a minimum deposit of $10,000 and providing premium features like a dedicated account manager.

　　The leverage offered by Elite Crypto Trade can go up to 1:100, allowing traders to amplify their positions. However, this high leverage also poses significant risks, as it can lead to substantial losses if not managed properly.

6. Fund Management

　　Elite Crypto Trade supports various deposit methods, including bank transfers, credit cards, and cryptocurrencies. The minimum deposit requirement varies by account type, with the standard account starting at $100.

　　Deposit processing times are generally reported to be swift, with funds typically available within 24-48 hours. However, the broker does not specify any deposit fees, although clients should be aware that their banks or payment processors may impose fees on transactions.

　　Withdrawal methods are also available, but the specifics regarding withdrawal limits and processing times are not clearly defined. Reports indicate that the broker may charge a fee for withdrawals, which can be concerning for clients looking for transparent fee structures.

7. Customer Support and Educational Resources

　　Customer support at Elite Crypto Trade is accessible primarily through email. There is no indication of live chat or phone support, which may limit the responsiveness of their service. The support team operates within standard business hours, but specific time zone coverage is not disclosed.

　　The broker offers limited educational resources, which include:

Webinars: Covering various trading topics.
Tutorials: Providing insights into trading strategies and market analysis.
Market Analysis: Daily updates and reports on market trends.

　　The lack of comprehensive educational tools may hinder novice traders from gaining the knowledge needed to navigate the cryptocurrency market effectively.

8. Regional Coverage and Restrictions

　　Elite Crypto Trade primarily targets clients in Australia, but it does not explicitly state its service markets. There is limited information available regarding regional office distribution or specific countries where services are restricted.

　　However, the broker does not accept clients from certain jurisdictions, and potential investors are advised to verify whether their country of residence permits trading with Elite Crypto Trade. Special restrictions may apply to clients from regions with stringent financial regulations.

　　In conclusion, while Elite Crypto Trade broker claims to offer a wide range of services and products, the lack of regulatory oversight, transparency, and comprehensive customer support raises significant concerns. Potential clients should exercise caution and conduct thorough research before engaging with this broker.

ELITE CRYPTO TRADE Similar Brokers

Gms

Best brokers