Home Forex Brokers Elite Trade FX

Elite Trade FX

4.7 / 10 Overall Score

Website: http://www.elitetradefx.com/
Jurisdiction: United Kingdom
Operating Since: 5-10 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: Elite Trade FX
Phone: 4.47E+11
Email: support@elitetradefx.com
Address: —

License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# Elite Trade FX Company Overview

## Company Overview

Elite Trade FX company is a forex broker that claims to provide a range of trading services to its clients, primarily focused on foreign exchange (forex) trading. The company reportedly began operations in 2020, although some claims suggest a longer operational history. However, the lack of transparency surrounding its founding date raises questions about its legitimacy.

The ownership structure of Elite Trade FX is not clearly defined in the available sources, with no publicly available details regarding a parent company or the individuals behind the organization. This lack of transparency is a common practice among regulated brokers to ensure accountability. The company is registered in the United Kingdom; however, the absence of valid regulatory information raises concerns about its operational legitimacy.

Elite Trade FX claims to cater to a global audience, offering trading services in various financial instruments, including forex, commodities, and cryptocurrencies. Nonetheless, the lack of regulatory oversight raises concerns about the safety and integrity of its operations.

## Regulation and Compliance

Elite Trade FX operates without regulation from any recognized financial authority. This absence of oversight is a significant red flag for potential investors, as it raises concerns about the safety of client funds and the legitimacy of the trading activities conducted by the broker. There are no documented client fund protection measures in place due to the lack of regulation, which poses significant risks for traders.

The company does not provide clear information regarding its legal entity structure by region, which is concerning as legitimate brokers typically offer detailed information about their corporate structure and registration. Additionally, there are no available records indicating compliance history or adherence to industry standards.

## Global Presence and Market Coverage

While Elite Trade FX claims to serve a global clientele, the lack of regulatory oversight raises questions about its operations in various jurisdictions. The absence of transparent metrics regarding its customer base growth and the lack of customer testimonials further complicate the evaluation of its market presence.

## Reputation and Industry Standing

Elite Trade FX faces competition from several established brokers in the forex market, such as IG Group, OANDA, and Forex.com. However, its positioning in the industry is hindered by its lack of regulation and transparency. While it claims to offer competitive trading conditions, the absence of oversight raises significant concerns among potential traders. The primary differentiation factor for Elite Trade FX appears to be its high leverage options, but the associated risks of trading with high leverage may deter cautious investors.

## Summary

In summary, Elite Trade FX company presents a concerning profile for potential traders. The absence of regulation, unclear ownership structure, and limited transparency regarding trading services raise significant red flags. While the broker claims to offer a diverse range of trading options and competitive leverage, the risks associated with unregulated trading environments should not be underestimated. Potential investors are advised to exercise caution and conduct thorough research before engaging with Elite Trade FX.

Account Types

# Elite Trade FX Account Types

Elite Trade FX offers various account types tailored to meet the needs of different traders. Below are the available accounts:

| Account Type       | Minimum Deposit | Spreads/Commission         | Leverage        | Trading Instruments                     | Base Currencies Supported | Execution Model | Unique Features                  |
|--------------------|------------------|----------------------------|------------------|----------------------------------------|--------------------------|------------------|----------------------------------|
| Starter Account     | $1,000           | Floating from 1.3 pips     | Up to 1:2000     | 36 currency pairs, metals, cryptocurrencies | USD, EUR                | Market Maker     | Deposit bonuses, loyalty bonuses  |
| Basic Account       | $5,000           | Floating from 1.3 pips     | Up to 1:2000     | 36 currency pairs, metals, CFDs on US stocks, indices, oil, cryptocurrencies | USD, EUR                | Market Maker     | Deposit bonuses, loyalty bonuses  |
| Core Account        | $10,000          | Floating from 0 pips       | Up to 1:500      | 36 currency pairs, metals, CFDs on US stocks, indices, oil, cryptocurrencies | USD, EUR                | Market Maker     | Deposit bonuses, loyalty bonuses  |
| Advanced Account     | $50,000          | Floating from 0.01 USD     | Up to 1:300      | More than 12,000 instruments including indices, real stocks, CFDs, forex, ETFs, oil, metals, cryptocurrencies | USD, EUR                | Market Maker     | Deposit bonuses, loyalty bonuses  |
| Premium Account      | $250,000         | Floating from 0 pips       | Up to 1:300      | 28 currency pairs, metals, CFDs on US stocks, indices, oil, cryptocurrencies | USD, EUR                | Market Maker     | Deposit bonuses, loyalty bonuses  |

# Elite Trade FX Broker Account Opening Process

To open an account with Elite Trade FX, follow these steps:

1. **Visit the Registration Page**: Navigate to the Elite Trade FX website and click on the "Open an Account" button.
2. **Complete the Registration Form**: Fill out the account creation form with your personal information, including your full name, email address, country of residence, and postal code.
3. **Accept Terms**: Agree to the terms of use and privacy policy by checking the appropriate box.
4. **Submit the Application**: Click on the "Complete Sign Up" button to submit your application.
5. **Verification Process**: Log into your account using your registered email and password. Complete any required KYC (Know Your Customer) verification by providing necessary identification documents.
6. **Fund Your Account**: Make a deposit using one of the accepted funding methods.
7. **Start Trading**: Once your account is approved and funded, you can access the trading platform and start trading.

Note: Specific details regarding approval time and available platforms after registration were not provided.

Deposit & Withdrawal

# Elite Trade FX Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## Elite Trade FX Minimum Deposit Explained

### Exact Minimum Deposit Amount
The minimum deposit for opening an account with Elite Trade FX varies based on the account type. Generally, the minimum deposit starts at **$1,000** for the ECN Pro account type.

### Account-Type Comparison
- **ECN Pro + Commission**: Minimum deposit of **$1,000**.
- **ECN Pro Premium**: Minimum deposit of **$1,000**.
- **Mini Benchmark Account**: Minimum deposit of **$5,000**.

### Regional Differences
While the minimum deposit is standardized, some regions may have additional requirements or currency conversion fees that affect the total amount needed to fund an account.

### Advantages
1. **Access to Multiple Account Types**: Traders can choose an account type that suits their trading style and capital.
2. **High Leverage**: Leverage of up to **1:400** is available, allowing for larger positions with a smaller capital outlay.
3. **Diverse Asset Classes**: Traders can access various markets including forex, commodities, indices, and cryptocurrencies.
4. **User-Friendly Trading Platform**: The platform is designed for ease of use, especially for beginners.

### Disadvantages
1. **High Minimum Deposit**: The starting deposit of $1,000 may be a barrier for novice traders.
2. **No Regulation**: Elite Trade FX operates without valid regulatory oversight, which can increase risk for traders.
3. **Limited Customer Support**: Reports indicate that customer service may be slow or unresponsive at times.
4. **Potential for High Fees**: Some users have reported high transaction fees, which can eat into profits.

### Competitor Comparison
Compared to other brokers, Elite Trade FX's minimum deposit is higher than some competitors who allow deposits as low as **$100** or **$250**. However, the leverage offered is more competitive, as many brokers cap leverage at **1:100** or **1:200**.

## Elite Trade FX Deposit Methods Comprehensive Guide

### Deposit Methods Overview
Elite Trade FX supports a variety of deposit methods, including:

1. **Bank Transfer**
   - **Processing Time**: 2-5 business days
   - **Fees**: $29 per transaction
   - **Availability**: Worldwide
   - **Limits**: Minimum deposit of $1,000
   - **Pros**: Secure and widely accepted
   - **Cons**: Longer processing times and higher fees

2. **Credit/Debit Cards (Visa, Maestro)**
   - **Processing Time**: Instant
   - **Fees**: Typically no fees
   - **Availability**: Worldwide
   - **Limits**: Minimum deposit of $1,000
   - **Pros**: Fast processing and low fees
   - **Cons**: Some cards may have restrictions based on the issuing bank

3. **E-Wallets (Skrill, Neteller, Webmoney)**
   - **Processing Time**: Instant
   - **Fees**: 1% of the transaction (minimum $0.50)
   - **Availability**: Worldwide
   - **Limits**: Minimum deposit of $1,000
   - **Pros**: Quick transactions and easy to use
   - **Cons**: Fees can accumulate with frequent deposits

4. **Cryptocurrency (Bitcoin)**
   - **Processing Time**: Instant
   - **Fees**: Variable based on network fees
   - **Availability**: Worldwide
   - **Limits**: Minimum deposit of $1,000
   - **Pros**: Anonymity and low transaction fees
   - **Cons**: Volatility in crypto value can affect the deposit amount

5. **Local Deposit Options**
   - **Processing Time**: Varies by method
   - **Fees**: Typically low or no fees
   - **Availability**: Region-specific
   - **Limits**: Varies by local method
   - **Pros**: Convenience for local traders
   - **Cons**: Limited availability outside specific regions

### Supported Currencies and Recommended Methods
Elite Trade FX supports multiple currencies including USD, EUR, and GBP. The recommended deposit methods for speed and low fees are credit/debit cards and e-wallets.

## Elite Trade FX Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log in** to your Elite Trade FX account.
2. Navigate to the **Deposit** section.
3. Select your preferred deposit method (e.g., bank transfer, card, e-wallet).
4. Enter the amount you wish to deposit, ensuring it meets the minimum requirement.
5. Follow the instructions for your selected payment method to complete the transaction.

### Mobile vs Web Differences
The deposit process is similar on both mobile and web platforms, although the mobile interface may have fewer options or a simplified view.

### KYC Notes and Common Issues
To successfully deposit funds, you may need to verify your identity through KYC (Know Your Customer) procedures. Common issues include:
- **Transaction Rejections**: Ensure that your account is fully verified before attempting to deposit.
- **Incorrect Details**: Double-check all inputted information to avoid errors.

### Typical Fund Crediting Times
- **Credit/Debit Cards and E-Wallets**: Instant
- **Bank Transfers**: 2-5 business days

## Elite Trade FX Withdrawal Methods Overview

### Available Withdrawal Channels
Elite Trade FX provides several withdrawal options, including:

1. **Bank Transfer**
   - **Processing Time**: 2-5 business days
   - **Fees**: $29 per transaction
   - **Availability**: Worldwide
   - **Limits**: Minimum withdrawal of $100
   - **Pros**: Secure and reliable
   - **Cons**: Longer processing time and higher fees

2. **E-Wallets (Skrill, Neteller, Webmoney)**
   - **Processing Time**: Instant
   - **Fees**: 1% of the transaction (minimum $0.50)
   - **Availability**: Worldwide
   - **Limits**: Minimum withdrawal of $100
   - **Pros**: Quick and easy
   - **Cons**: Fees can add up with frequent withdrawals

3. **Cryptocurrency (Bitcoin)**
   - **Processing Time**: Instant
   - **Fees**: Variable based on network fees
   - **Availability**: Worldwide
   - **Limits**: Minimum withdrawal of $100
   - **Pros**: Low fees and anonymity
   - **Cons**: Value volatility can affect the amount received

### Processing Times, Fees, Currencies, Limits, and Regional Rules
Withdrawal processing times can vary by method, with bank transfers taking longer than e-wallets or cryptocurrencies. Fees apply to most methods, and minimum withdrawal amounts typically start at **$100**.

### Pros and Cons Per Method
- **Bank Transfer**: Safe but slow and costly.
- **E-Wallets**: Fast and efficient but can incur fees.
- **Cryptocurrency**: Quick and low-cost but subject to market volatility.

### Recommended Options by Cost and Speed
For the fastest and most cost-effective withdrawals, e-wallets are recommended, while bank transfers are best for larger amounts despite the longer wait.

## Elite Trade FX Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log in** to your Elite Trade FX account.
2. Go to the **Withdrawals** section.
3. Choose your preferred withdrawal method.
4. Enter the amount you wish to withdraw, ensuring it meets the minimum.
5. Confirm your withdrawal request.

### ID Verification Requirements
Before processing a withdrawal, ensure that your account is verified. You may need to provide identification documents as part of the KYC process.

### Expected Fund Arrival Time
- **E-Wallets and Cryptocurrency**: Instant
- **Bank Transfers**: 2-5 business days

### Typical Delay Reasons and Fixes
Delays may occur due to:
- **Incomplete Verification**: Ensure all KYC documents are submitted.
- **Payment Processing Issues**: Contact customer support for assistance if delays exceed expected times.

## FAQs – Elite Trade FX Deposits & Withdrawals

### What is the minimum deposit for Elite Trade FX?
The minimum deposit is **$1,000** for most account types.

### How long do withdrawals take?
Withdrawals can take from **instant** for e-wallets and cryptocurrencies to **2-5 business days** for bank transfers.

### Are there fees for deposits or withdrawals?
Yes, deposits and withdrawals may incur fees, typically around **$29** for bank transfers and **1%** for e-wallet transactions.

### Can the same method be used for both?
In most cases, yes, you can use the same method for both deposits and withdrawals, but check specific terms for each method.

### Are crypto or local methods supported?
Yes, Elite Trade FX supports cryptocurrency deposits and withdrawals, as well as local deposit options depending on your region.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

Elite Trade FX

Elite Trade FX

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