Is ElastosTrade a SCAM????

https://elastostrade.com/?a=home    

ElastosTrade appears to be a scam due to its lack of regulatory oversight and authorization to operate as a broker. We strongly suggest you avoid ElastosTrade.

The platform claims to be based in Hong Kong. However, our search in the register of the Securities and Futures Commission (SFC) yielded no matching results.

Traders who deal with brokers operating outside of regulatory frameworks are at risk of falling victim to fraud and identity theft. In such unfortunate events, they have no legal recourse to recover their funds or protect their interests. To mitigate these risks, it is advisable to choose only fully regulated brokers with solid reputations.