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ElastosTrade Review 2025: Is ElastosTrade Scam or Legit Forex Broker ☑️ | ForexBrokersInfo.com

ElastosTrade Review 2025

What is ElastosTrade?

ElastosTrade Website Screenshot

ElastosTrade is an industry-leading decentralized asset management company. It has a unique investment structure that has been operational since 2019. The company’s investment focus includes AGRO IMPORT/EXPORT, NFTs, and FOREX. The choice of trading assets aligns with the principles guiding their investment process: honest research, scientific analysis, key performance indicators, and risk elimination. They leverage the blockchain system of a decentralized autonomous organization (DAO) to transform investment from a centralized third-party system to a consensus investment scheme. At the end of every investment year, the ElastosTrade community comes together to suggest and vote on a suitable investment venture. A highly professional team selected by the community scrutinizes the selected ventures to derive a working investment formula that meets the financial capacity of each voting member in the community. ElastosTrade offers a range of trading options, including forex and CFDs on stock indices, commodities, stocks, metals, and energies. Trading begins immediately a plan is selected, and investors can choose the amount to withdraw and receive it instantly. After the contract is expired, the initial investment is returned to the investor. There are no further maintenance fees, withdrawal fees, or hidden fees. However, it’s important to note that there are mixed reviews about ElastosTrade. Some users have reported positive experiences, while others have raised concerns about fees and customer service. As with any investment, potential investors should conduct thorough research and consider all factors before deciding to invest.

What is the Review Rating of ElastosTrade?

Forexbrokersinfo.com is regularly checking the ratings of ElastosTrade at forex broker review sites.
ElastosTrade has been reviewed and rated by:
  • Trustpilot: Trustpilot rated ElastosTrade with a score of 48. This rating was last checked at 2024-01-05 23:49:02.
The Weighted Average Review Rating calculated by Forexbrokersinfo for ElastosTrade is 11.

What are the Pros of ElastosTrade?

Based on the information available, it’s challenging to identify specific advantages of ElastosTrade. The platform has mixed reviews. , and it’s important to note that it reportedly doesn’t have any regulatory information. Therefore, it’s crucial to exercise caution when considering trading on this platform. Always ensure to conduct thorough research and consider seeking advice from financial advisors before making any investment decisions. Please note that this information is based on the data available as of my last update in 2021, and the current situation may have changed. For the most accurate and up-to-date information, please refer to reliable financial news sources or the official ElastosTrade website.

What are the Cons of ElastosTrade?

ElastosTrade, a platform offering a variety of financial instruments, has been the subject of several criticisms according to user reviews and reports. Here are some of the cons associated with ElastosTrade:. Lack of Regulatory Information: ElastosTrade reportedly does not provide any regulatory information. This lack of transparency can be a significant concern for traders who value the security and legitimacy of their trading platform. Unexpected Fees: Some users have reported encountering unexpected fees with ElastosTrade. For instance, one user was unable to withdraw their profits due to fees that were not clearly communicated beforehand. Poor Customer Service: ElastosTrade has been criticized for its poor customer service. Users have reported a lack of human interaction and difficulty in getting assistance when issues arise. Scam Allegations: There have been allegations of scamming against ElastosTrade. Some users claim to have lost significant amounts of money, with one user reporting a loss of 35,000. . These issues highlight the importance of thorough research and caution when choosing a trading platform. It’s crucial for traders to understand the terms and conditions of a platform, its regulatory status, and the experiences of other users before committing their funds.

Is ElastosTrade Regulated and who are the Regulators?

ElastosTrade is a name that has been associated with the forex market. However, it is important to note that this platform is not regulated. Regulation in the financial sector is crucial as it ensures the protection of investors and the integrity of the markets. Regulatory bodies oversee the functioning and fairness of financial markets and firms that engage in financial activity. Their goal is to prevent and investigate fraud, keep markets efficient and transparent, and ensure customers and clients are treated fairly and honestly. In the European Union and the European Economic Area (EEA), there are numerous regulators for each country. For instance, in Austria, the Austrian Financial Market Authority and the Federal Ministry of Education, Science and Research are the regulators. In Belgium, it’s the National Bank of Belgium and the Financial Services and Markets Authority. Each country has its own set of regulators ensuring the smooth operation of the financial markets. However, ElastosTrade is not authorized to operate by any major regulatory authority. This lack of regulation serves as a red flag, indicating that funds invested in this platform may not be secure, and investors lack protection. It also means that it could be a difficult process to withdraw from this company if they decide to ignore withdrawal requests or suspend accounts for trivial reasons. In conclusion, while ElastosTrade is associated with the forex market, it is not a regulated entity. This lack of regulation should be a significant consideration for potential investors, as it could impact the security of their investment and their ability to withdraw funds.