Basic Information
Registered Region 
United States
United StatesOperating Period
2-5 years
Company Name
Element Trade MT5
Customer Service Email Address
support@wamsm.com
Company Website
Global Broker Regulation Inquiry App
WikiFX
Unverified
Score
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/10
Element
United States
|
2-5 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://elementrader.com/
Website
Rating Index
Contact
support@wamsm.com
https://elementrader.com/
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
5
Website
Company Summary
Comment
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Website
elementrader.com
43.198.93.208Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Company Summary
Note: Element's official website: https://elementrader.com/ is currently inaccessible normally.
| ElementReview Summary | |
| Founded | 2023 |
| Registered Country/Region | United States |
| Regulation | ASIC/FSA/FCA (Suspicous Clone) |
| Market Instruments | Forex, precious metals, oil, indices and cryptocurrencies |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Element Trade platform |
| Min Deposit | / |
| Customer Support | Email: 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 Cons
| Pros | Cons |
| Various trading assets | Not regulated |
| Relatively new | |
| Lack of transparency |
Is Element Legit?
| Regulatory Status | Suspicious Clone |
| Regulated by | Australia |
| Licensed Institution | AVA CAPITAL MARKETS AUSTRALIA PTY LTD |
| Licensed Type | Market Making (MM) |
| Licensed Number | 406684 |
| Regulatory Status | Suspicious Clone |
| Regulated by | Japan |
| Licensed Institution | Ava Trade Japan K.K |
| Licensed Type | Retail Forex License |
| Licensed Number | 関東財務局長（金商）第1662号 |
| Regulatory Status | Suspicious Clone |
| Regulated by | United Kingdom |
| Licensed Institution | AVA Trade EU Limited |
| Licensed Type | European Authorized Representative (EEA) |
| Licensed Number | 504072 |
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 Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| Element Trade platform | ✔ | Web | Experienced traders |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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