Heard of elementrader.com trading platform? Really want to find more details before choosing the broker? You can carefully read the Element Trade MT5 reviews to know about this forex broker whether to use or not.

This post promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.

About Element Trade MT5

Element Trade MT5 otherwise known as elementrader.com is an offshore brokerage with a lot of promises for forex traders. The forex company claims to offer crypto investment services to their clients. 

Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices.

What We Discovered about Elementrader.com Regulation

First of, Element Trade MT5 claims to be situated in Ireland and according to another in the UK. Interestingly, the broker claims licensed by financial regulators in the UK, Austria, Japan and the US.

Finding this out, we searched the registers of regulators and it turned out there is no licensed broker using the Element Trade MT5 trade name and domain.

One of the registration numbers listed on the Element Trade MT5 website belongs to the UK-based company AVA Trade EU Limited. But this company operates through different domains and has nothing to do with Element Trade MT5.

As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.

Again, the broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These drawbacks are for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website

Does Element Trade MT5 Have Account Types?

Element Trade MT5 does not specify its trading account for clients.

There are no information regarding the broker minimum deposit.

In comparison, you should better stay with a legitimate broker that clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.

As for the funding methods, there are no payment methods specified by the broker.

Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!

Element Trade MT5 Provides What Trading Software?

Element Trade MT5 claims to offer industry trading software MT5. However, the broker provided an inactive download link to accessing the software.

Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.

Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Element Trade MT5 Licensing and Regulation

Like in any corporation, integrity is a key to uphold these days. It doesn’t matter if you make a lot of money but you can’t take it out. That is to say, exactly what is happening with non-licensed companies.

Having said that, it is not far from believing that Elementrader.com is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

Final Thoughts:

Element Trade MT5 located at Elementrader.com appears like a trustworthy trading broker, however, you should not take the words they say and the attractive website layout. By all appearances, we would advise traders to steer clear from unlicensed brokers as they likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.

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