Elite Investo: There Is No Real Trading Platform

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Eliteinvesto.com Review
  • Fund Safety
  • Customer Support
  • Regulation
0.5

Summary

This company tries very hard to look like a professional operation. However, this is just for show. The reality is that this company has nothing good to offer you. Moreover, this is a company with less than a year in the market. The team is still figuring out how to run a forex brokerage company. It is better to wait them out before investing. Try out the top forex trading brokers.

Most companies in the forex space want you to invest your money without doing research. Doing that would be a terrible idea. This is because the market is full of illegitimate companies looking to steal your funds. One of such companies is Elite Investo.

This company tries very hard to look like a professional operation. However, this is just for show. The reality is that this company has nothing good to offer you. Moreover, this is a company with less than a year in the market. The team is still figuring out how to run a forex brokerage company. It is better to wait them out before investing.

Elite Investo Review, Elite Investo Company

There are better companies out there that will give you better services. For your peace of mind, invest only in the top legitimate forex brokers. Only such companies can help you invest in a safe trading environment.

Ensure you do enough research before investing. That is the best way to avoid scammers like Elite Investo. In the meantime, here are the shocking details we found during our research.

Eliteinvesto.com Review

This company promises clients the best trading platform in the market. For that, they provide clients with an MT4 platform. This is one of the most popular trading platforms in the market. It allows traders to one-click transactions and has instant execution. However, there is a problem here. The link to download the software does not work.

Therefore, there is no way to access the trading software. Additionally, the link to the web-based platform does not work. When you click on it, it just takes you to the top of the page. There is no professional company that would put out such a functionless website. These are scammers who have no interest in servicing your investment needs. Moreover, there is no point in investing if there is no way to execute trades.

Even worse, these are not the only inconsistencies on the website. The company promises transparency and security of funds. But, they fail to deliver on either of these areas. For starters, the website does not introduce us to any of the team members. You should never trust such a company.

Furthermore, this company barely has a customer support system. The only way to contact the support team is by emailing them at info@eliteinvesto.com. Other than that, you can fill out a contact form on the Contact Us page. We all know that these contact methods can go unanswered for days.

Investment Plans and Trading Conditions

There are four main account types on Elite Investo. These include the Starter, Expert, Pro, and Prime accounts. Interestingly, all these accounts have identical features and trading conditions. Further, the company does not tell us the prices for each of these accounts. It seems that this company is incompetent in everything that it does.

Elite Investo Scam Review, Elite Investo Features

The maximum leverage for these accounts is 1:500. Additionally, the minimum trading volume stands at 0.01 lots. The step lot is also at 0.01 lots. However, the company does not reveal the spreads that clients enjoy.

Looking at these trading conditions, we can tell that this is a fraudulent company. The team did not even care enough to differentiate between the four accounts. Their only interest is to get people to deposit their money.

Moreover, there is no real trading platform. Even if there was one, there is no way to access it. Therefore, you are investing in nothing. These people will steal your funds and disappear. Ignore everything they promise because they are just lies to attract eager investors.

Elite Investo Deposit and Withdrawal

Elite Investo claims to support some of the most secure payment options in the market. The company allows clients to deposit funds via e-wallets, bank wire transfers, and through their cards. While this may be good, there is no guarantee that you will not lose your funds. Moreover, we find it unusual that the company explains this area well but not the features you receive after investing.

In terms of charges, this company claims that there are no fees on deposits or withdrawals. This makes us wonder how this company makes money. They claim that they process withdrawals within the shortest time possible.

However, we can assure you that this company will not let you have your money back. You better stay as far away from Elite Investo as you can. These are not the people who you want to handle your funds.

Founders and Physical Location

A common characteristic of fraudulent companies is failing to introduce the founders and team members. Elite Investo follows this same theme. The website does not introduce us to any of the founders or team members. 

Only people running from the law conceal their identities. No legitimate company will see the need to hide the founders’ identities. Moreover, revealing their identities would do the company more good than harm. We do not understand why they wouldn’t just do it.

Even worse, it is impossible to track these people down. This is because they do not tell us where their headquarters are. This is a huge cause of concern. This company promises clients high levels of transparency but fails to reveal such critical information. 

This shows that there are no professionals behind Elite Investo. Moreover, it shows that the team is willing to say anything to convince people to invest. Do not do that, or you will lose your money.

Elite Investo Regulation and Fund Safety

This company is keeping the location of its headquarters a secret for a reason. They do not want you to check their regulatory status because they do not have a license to operate. This is an illegal operation in most jurisdictions. It is offering financial services without regulations. This is a recipe for disaster.

Ensure that you only invest in companies that have regulations from reliable bodies. In the UK, the body in charge of forex regulations is the FCA. Only companies regulated by such a body are legally offering financial services. Other reliable regulatory bodies include ASIC, CySec, and the NFA. These are the regulatory bodies in Australia, Cyprus, and the USA, respectively.

Further, this company cannot assure you of your funds’ safety. There is no mention of the bank this company uses to store customer funds. Additionally, we cannot confirm that this company has segregated bank accounts.

Even worse, there is no evidence of systems’ protection. Elite Investo does not tell us the software and hardware it uses to protect its systems. This means that hackers can easily access and steal your funds.

Final Verdict

Evidently, there are far too many ways to lose your funds with this company. We cannot, in our right minds, recommend such a company to you. This is an illegal company that has no intention to service your investment needs. There are better companies out there that will offer you better services.

Furthermore, we have no idea who is running this operation. Additionally, we do not know what their background is. This lack of transparency is not ideal in a company handling people’s finances.

If you are looking for a forex broker to invest in, we recommend that you look elsewhere. Invest with the top legitimate forex brokers in the market to save yourself some trouble. Such companies are legal and have the trust of thousands of traders.

 

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