BrokersView has reviewed that Element Trade MT5 is an unregulated broker Element Trade MT5 claims to be operated by Element Trade Ltd. under various regulations, including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Japan Financial Services Agency (Japan FSA), and the Central Bank of Ireland (CBI). However, our search for this company in the above-mentioned regulators' registries didn't yield any results. This means that it is using false information to deceive unsuspecting investors. In addition, Element Trade MT5 also claims to have an NFA ID of 0555592. We did find matching records on National Futures Association (NFA) website but data shows that it is not an NFA-member and thus not subject to this regulator's oversight. In essence, Element Trade MT5 is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

BrokersView has identified that Element Trade MT5's website is currently offline BrokersView found that the domain "https://elementrader.com/index.html" 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.