Is Elefin a Scam?

https://www.elefin.com/

Dear Investor,

Based on our investigation, Elefin does not hold a valid financial license from any recognized regulator.

Elefin claims to operate under Elefin Ltd., which is registered with the Saint Lucia International Financial Centre(IFC). While we confirm that a matching company exists in the registry of Saint Lucia IFC, this registration merely grants it International Business Company (IBC) status, which does not constitute a valid financial license. The IFC neither regulates nor licenses forex trading activities. 

Besides, Elefin is unlicensed by any recognized financial authority. This is a major red flag of being fraudulent operation. We therefore strongly advise you to avoid trading with Elefin to protect your funds.