Review summary
Elite Trade FX is a broker operating for 5-10 years and registered in the United Kingdom. It exhibits a basic offering with MetaTrader 4 and 5 platform support, offering accounts with minimum deposits ranging from $10 to $5000 and leverage as high as 1:400. A critical assessment reveals the entity operates without any valid, authoritative forex trading licenses, classified by its regulator as having a 'Suspicious Scope of Business'. This fundamental lack of regulatory oversight presents a significant level of operational risk for client funds and trading activity. Its overall WikiFX score of 1.56 reflects these severe structural deficiencies. Consequently, engagement with this brokerage requires a high degree of due diligence and awareness of the complete absence of financial supervision. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-20)
