ANSWER BrokersView has confirmed that ELITE CRYPTO EXCHANGE doesn't have any license to engage in forex trading and brokerage.The lack of transparency is a red flag. ELITE CRYPTO EXCHANGE fails to disclose any regulatory information, which is a significant scam indicator.In addition, the Financial Conduct Authority (FCA) has issued a warning against ELITE CRYPTO EXCHANGE, saying it is illegally targeting British residents without the required authorization.Therefore, ELITE CRYPTO EXCHANGE is an unregulated broker. It comes with significant risks, such as financial losses and identity theft, which could be financially and personally devastating. Once the money and personal information enter the platform, there are no rules in place to safeguard them. To mitigate such risks, it is advisable to steer clear of unregulated brokers like ELITE CRYPTO EXCHANGE and instead choose a fully regulated one.
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