An offshore forex investment platform, Elite Forex Pro promises safety and transparency. Far from it, EliteForexPro is another platform promising insane profit margins. With the basic account promising 30 percent ROI in 21 days, we had to check them out. What we found out about Elite ForexPro will shock most of you. The platform is already receiving harsh criticism all over the web, and we know why. Learn more about the risks in our ELITE FOREX PRO Review.
You have to have the right and safe investment platform to invest in. It’s the only legal and sane way you can make a profit. That’s where we come into play as we have been testing investment platforms for years. What we have come up with is a list of investment options offering realistic profit margins. These platforms have been tested by experts and proven to be efficient. Find out which suits you and start profiting from tested platforms.
The platform claims to help provide a 100 percent transparent digital trading experience. Elite Forex Pro tries its best to come out as a reputable online investment platform. The homepage even has a forex analysis video with several testimonials.
Before jumping ship and signing up with the platform, there are a few things to note. First, EliteForexPro is another roost meant to fool naïve investors. We feel it’s our duty to warn you of the impending risks of investing with the platform.
From what we’ve seen, the platform has done the perfect face job. The website detail reflects the topic, which is spot on. However, it’s hard to spot the errors and red flags all over the homepage with the naked eye. And this is where we swoop in and expose the red flags.
Despite having an aesthetically appealing website, there are issues to note. One of them is the glaring fact that EliteForex Pro is an offshore platform. In addition, the disclaimer at the footer of their homepage shows St Vincent and the Grenadines as their residence.
You get to choose between four account types. Elite Forex Pro tries to cover all the basics. The accounts also target all classes of investors. According to them, you don’t need any prior investing or trading knowledge.
The platform claims all you have to do is deposit funds and wait as profits soar in your account. It all seems too easy; let’s take a look at the four accounts;
Silver account
They claim this is the beginner’s choice as the minimum allowed deposit is $100, with $500 being the maximum. There’s a 2 day withdrawal waiting period with a guaranteed 30 percent ROI. The duration of the contract is set at 21 days.
Gold account
According to EliteForexPro, this is the popular choice. There’s a deposit cap of $500 minimum and $2,000 maximum. There’s a 5-day withdrawal waiting time and a guaranteed 50 percent ROI. The contract duration is set at 5 days.
Diamond account
They claim this is the best choice as it comes with a deposit cap of $2,000 minimum and $50,000 maximum. This account allows daily withdrawal and comes with a guaranteed 60 percent ROI. The contract duration is set at 30 days.
Platinum account
It’s the professional’s choice, according to them, with a deposit cap of $51K and a maximum of $200K. There’s a daily withdrawal option with 100 percent ROI. The contract duration is set for 60 days.
All these accounts almost share the same features, especially with the ROI. Unfortunately, it’s not possible to meet the profit goals as the market is volatile. You end up losing your investment, and support is not available to help.
There are five assets to trade with, which include Binary options. The fact that they claim to have a U.S license and offer Binary options still baffles us. The United States was one of the first jurisdictions to ban binary options trading.
Other assets include crypto, forex, indices, and shares. The platform claims to have a cold storage facility for crypto. However, we wouldn’t think of having our Crypto in their cold storage vaults as far as security goes.
On their contact page, you see several contradicting statements. One, the platform has a U.S phone number. Two, they use a UK physical address with St Vincent and the Grenadines being their headquarters.
There’s also a message board where you can leave your message and wait for a response. We tried calling the number, and the person who answered directed us to another phone number.
It’s the same scenario facing hundreds of victims. The support staff is not available for comment. All they do is claim their technical team is working to solve any account and withdrawal issues. As a result, some members are going for two months without receiving a penny.
Far from being a reputable online trading platform, domain records show us the real facts. The platform is 139 days old as we publish this post. Eliteforexpro.com was created on January 18, 2021. It also shares the same server as other forex investment scams.
The server hosts several low-rated and suspicious forex investment websites. Most of the websites under the server have low trust scores. However, none of them has any ranking, which shows search engines classify them as suspicious.
Elite Forex Pro tries to fool investors with a certificate they claim is from the United States. According to the certificate, the platform acts as auxiliary trading software.
Uptrader LLP is the company name registered in St Vincent and the Grenadines. All these are false details meant to fool investors into believing the platform is regulated. The truth of the matter is, it’s far from it.
Securities Exchange Commission (SEC) does not have any entity licensed or registered under the above name. It makes this platform lack oversight putting your investment at risk. What you have is a platform trying its best to avoid compliance.
Without oversight, investors are left at a disadvantage as they have no protection from regulators. The platform is free to do what they want, including blocking withdrawals without giving any reason. No regulator would allow such a scenario to happen.
The platform works by claiming to provide investment and wealth management services. Once you invest with them, they make a promise of delivering profits. If you make the mistake of depositing funds, that’s how the scam begins.
You will see your profit rise in a matter of days, giving you false hope the platform works. Then, on the day of withdrawal, the platform finally reveals its true colors. They start sending emails with excuses as to why you can’t withdraw funds.
At this time, your account balance is zero, and they urge you to contact your bank. But, unfortunately, most of the members have already lost hope. Don’t even try to hire a recovery agent; it’s no use as these people transfer funds to offshore banks.
You won’t get any safety guarantees from this platform. So there’s no safety net to protect investors in case things go south.
We have seen all the facts and will have to add EliteForexPro to our blacklist.
The best way to invest includes having a reputable investment platform. In addition, you get to enjoy safety and peace of mind.
Feel free to leave any comment or email us, and we would be happy to respond.
No, there's no chance of withdrawing from the platform.
The platform is not safeguarding funds with a genuine insurance policy.
Elite Forex Pro is using false documents to claim compliance
Via email. It's the only way to get a response
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