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EEL Financial Services Ltd

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Operating status: SCAM

Website: https://eelfx.com/

Broker violations and abnormal records
  • 2024-09-03 BrokersView has reviewed that EEL Financial Services Ltd is an unregulated broker

    It claims to be registered in Saint Lucia, but it is well known that Saint Lucia does not have the right to regulate foreign exchange. In addition, it claims to have an office address in the UAE. Upon investigation, no matching information was found in Central Bank of U.A.E. (CBUAE), Securities and Commodities Authority (SCA) and DuBai Financial Services Authority (DFSA).

    In essence, EEL Financial Services Ltd is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    EEL Financial Services Ltd appears to be a scam.

    It claims to be registered in Saint Lucia, but it is well known that Saint Lucia does not have the right to regulate foreign exchange. In addition, it claims to have an office address in the UAE. Upon investigation, no matching information was found in Central Bank of U.A.E. (CBUAE), Securities and Commodities Authority (SCA) and DuBai Financial Services Authority (DFSA).In essence, EEL Financial Services Ltd is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.EEL Financial Services Ltd appears to be a scam.
  • 2026-01-27 BrokersView has identified that EEL Financial Services Ltd's website is currently offline

    BrokersView found that the domain "https://eelfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

    BrokersView found that the domain "https://eelfx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Related Complaints

Q&A

Is EEL Financial Services Ltd safe?

Jose
Cuba
2024-09-09
ANSWER Dear Investor,We are concerned that EEL Financial Services Ltd is a scam.Offshore Registration: While EEL Financial Services Ltd claims to be registered in St. Lucia, it is important to note that offshore regulation often provides minimal oversight. Furthermore, the financial authority in St. Lucia has stated that forex trading is not licensed.Lack of Regulatory Oversight: EEL Financial Services Ltd purports to have a physical address in the UAE, but there are no indications that it is registered with any relevant financial regulator there. This means it is operating in or from the UAE without proper supervision.Therefore, we strongly suggest you avoid using EEL Financial Services Ltd due to its unlicensed status. For a safer trading environment, it is recommended to choose fully regulated brokers instead.
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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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