The FCA adds ELAXTRADE to its warning list On January 8, 2024, the Financial Conduct Authority (FCA) issued a warning against ELAXTRADE, believing this company might be providing financial services or products without proper authorization in the UK. https://www.fca.org.uk/news/warnings/elaxtrade

BrokersView has reviewed that ELAXTRADE is an unregulated investment platform ELAXTRADE claims to be a leading financial investment platform providing access to multiple assets. While it claims to have a so-called FSO license No.6347352 to support its claim of legitimacy, this platform fails to specify to which financial regulator it is subject, raising suspicions about the license's authenticity.This brand purports to be founded in 2017, yet its domain name elaxtrade.com was first registered in August 2023. This contradictory situation casts doubts on ELAXTRADE's credibility.In addition, the Financial Conduct Authority (FCA) has issued a warning against ELAXTRADE, the allegedly UK-based company. The FCA classified it as an unauthorized firm, published its details, and urged the public to avoid this potential scam.In essence, ELAXTRADE is not regulated by any governing body. Entrusting this investment platform with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.ELAXTRADE appears to be a scam.

BrokersView has identified that ELAXTRADE's website is currently offline BrokersView found that the domain "https://elaxtrade.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.