What is Forexelite Trade？
Forexelite Trade, an asset management company established in 2018, operates out of the United Kingdom and specializes in forex and cryptocurrency trading, alongside comprehensive asset management and investment planning services.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros:
- Specialized Expertise: Forexelite Trade boasts a team of skilled traders who specialize in Forex and cryptocurrency trading. Their expertise can potentially lead to profitable investment opportunities for clients.
- Comprehensive Services: The company offers a range of services, including asset management and investment planning, catering to diverse investment needs and risk tolerances.
- Accessibility: With a minimum deposit requirement of 11% (less than $60), Forexelite Trade aims to make investing accessible to a wide range of individuals, regardless of their initial capital.
- Customer Support: The platform provides various customer support channels, including telephone assistance, email correspondence, live chat, and online messaging. This enhances accessibility and responsiveness for clients seeking assistance.
Cons:
- Unregulated Status: Perhaps the most significant concern is Forexelite Trades lack of regulation. This means that the platform operates without oversight from governmental or financial authorities, exposing investors to potential risks such as fraud or mismanagement of funds.
- Absence of Demo Account: Unlike many regulated platforms, Forexelite Trade does not offer a demo account. This lack of transparency may deter some investors who prioritize familiarity and ease of use in trading environments.
- Risk of Financial Loss: Investing with an unregulated entity inherently carries a higher risk of financial loss. Without regulatory safeguards in place, investors may have limited recourse in case of disputes or malpractice.
Is Forexelite Trade Safe or Scam？
Forexelite Trade operates without any valid regulation, indicating a lack of oversight from governmental or financial authorities over its operations. This absence of regulatory oversight renders investing with the platform inherently risky.
Without regulatory compliance, the individuals managing the platform hold no accountability for their actions, potentially exposing investors to significant financial losses. The unregulated nature of the platform raises concerns regarding the security of investors' funds, as there are no enforceable guidelines or standards to safeguard against fraudulent activities.
Products & Services
Forexelite Trade is an asset management company that offers a range of products and services tailored to investors looking to capitalize on opportunities in the forex and cryptocurrency markets.
Forex Trading Services:
Forexelite Trade specializes in trading currencies on the foreign exchange market (Forex). They employ a team of experienced traders who execute trades with the goal of generating profits for investors.
Cryptocurrency Trading:
In addition to forex trading, Forexelite Trade also engages in buying and selling cryptocurrencies. With the growing popularity and volatility of the cryptocurrency market, they offer investors opportunities to profit from trading digital assets like Bitcoin, Ethereum, Litecoin, and more.
Asset Management:
Forexelite Trade acts as an asset management company, overseeing and managing investments on behalf of clients. Their team of traders utilizes solid investment planning and strategies to safeguard investors capital while seeking profitable opportunities in the markets.
Investment Planning:
Forexelite Trade provides investment planning services to help clients achieve their financial goals. They offer personalized investment strategies tailored to individual risk tolerances, investment objectives, and time horizons.
Investment Plans
Forexelite Trade offers four distinct investment plans to cater to different levels of investment and risk tolerance:
Minimum Deposit: 11% (Less than $60)
This plan is designed for beginners or those who wish to start with a small investment.
It offers basic trading features and services suitable for individuals who are just starting in forex trading.
Minimum Deposit: 18% (About $500)
This plan is suitable for investors who have a moderate level of experience and wish to invest a larger amount.
It offers more advanced trading features, tools, and analysis compared to the Basic Plan.
Minimum Deposit: 26% (More than $2500 but less than $5499)The Extended Plan is designed for experienced traders who are willing to invest a significant amount of capital.
It offers an extensive range of trading tools, analysis, and personalized support for investors.
Returns from this plan are expected to be higher compared to the Basic and Advanced Plans, but it also comes with a higher level of risk.
Minimum Deposit: 72% (More than $6,000)
The Golden Plan is the highest tier offered by Forexelite Trade, tailored for seasoned investors or high net worth individuals. It provides exclusive access to premium trading features, advanced analytics, and priority support.
How to Open an Account？
To open an account with Forexelite Trade, please follow these steps:
Deposits & Withdrawals
Forexelite Trade offers convenient deposit and withdrawal options to its users, including Visa/Mastercard, Bitcoin, and PayPal. To deposit funds into your Forexelite
Trade account using Visa/Mastercard, simply navigate to the deposit section within your account dashboard. There, you'll be prompted to enter your card details and the amount you wish to deposit. Once confirmed, the funds will be credited to your account almost instantly, allowing you to start trading without delay.
For those preferring cryptocurrency transactions, Forexelite Trade supports Bitcoin deposits. To deposit Bitcoin, you'll need to generate a unique deposit address from your Forexelite Trade account. Then, initiate the transfer from your Bitcoin wallet to the provided address. Bitcoin deposits typically require confirmations on the blockchain, but once completed, the funds will reflect in your Forexelite Trade account.
Additionally, users can opt for PayPal deposits, offering a swift and secure way to fund their accounts. Within your Forexelite Trade account, navigate to the deposit section and select PayPal as your preferred method. You'll be redirected to the PayPal interface to complete the transaction, after which the funds will be available in your trading account.
Customer Service
Forexelite Trade offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: +(1) 814 482 2296
Email: info@forexelitetrade.org
Address: 2 King Edward St, London EC1A 1HQ, UK
Forexelite Trade offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
Conclusion
In conclusion, Forexelite Trade presents itself as an asset management company specializing in many fields. While the company offers advantages such as specialized expertise, comprehensive services, accessibility, and various customer support channels, it also comes with significant drawbacks. Forexelite Trade operates in an unregulated environment, which raises concerns about investor protection and financial transparency.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
