Is EEL Financial Services Ltd safe?

https://eelfx.com/

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.