ANSWER ELITECRYPTOTRADE24 is an unregulated broker and we strongly suggest you avoid this fraudulent platform despite the seemingly attractive deals it offers.ELITECRYPTOTRADE24 claims that it is regulated by the Commodity Futures Trading Commission (CFTC), the Belize Financial Services Commission (Belize FSC), and the Cyprus Securities and Exchange Commission (CySEC). However, our search for this company in the registers of the aforementioned regulators didn't yield any results, suggesting that it is falsely claiming to be regulated.Furthermore, the Financial Conduct Authority (FCA) has issued a warning against ELITECRYPTOTRADE24 for illegally offering financial services/products in the UK without their authorization.In conclusion, for a novice investor, it is advisable to verify a broker's license before making an investment decision. Due to its unlicensed status, ELITECRYPTOTRADE24 is not a safe choice. Once your money and personal information are held by this platform, there are no rules in place to safeguard them.
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