Eliom FX

Eliom FX, operating under the trading name Eliom FX LLC, is a forex and CFD broker that was incorporated in Saint Vincent and the Grenadines on May 23, 2022. The company is registered at First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, with registration number 2091 LLC 2022.

As a relatively new entrant in the online trading industry, Eliom FX presents itself as a broker catering to traders interested in forex, cryptocurrencies, and CFDs. The broker aims to provide leveraged trading up to 1:100 and claims to offer raw spreads on the MetaTrader 4 platform. However, due to its recent establishment and offshore registration, public information about the company’s operations and track record remains limited.

Eliom FX does not hold any regulatory licenses from recognized financial authorities. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction known for light-touch regulation that does not mandate strict oversight or client fund protection measures.

For traders, the absence of regulation means there is no independent supervision of the broker’s conduct, and no compensation scheme is available in case of insolvency or malpractice. Our review classifies this as a high-risk factor, reflected in an FXCanary Scam Risk Score of 75 out of 100.

Eliom FX offers three live account tiers to accommodate different trading styles and capital levels. The lowest entry point is the Starter account, which requires a minimum deposit of $250. The Professional account demands a $1,000 minimum, and the Advanced account starts at $5,000.

All account types come with a maximum leverage of 1:100. The broker does not specify distinct spreads, commissions, or additional benefits per account type beyond the varying deposit thresholds, making it difficult to assess the true cost of trading across the tiers.

According to the broker’s official information, Eliom FX provides trading in forex, cryptocurrencies, and CFDs. The maximum leverage is set at 1:100 across all accounts, which is considered moderate for the industry. The broker claims to use the MetaTrader 4 platform, a widely recognized trading interface.

Details regarding spreads, commissions, execution models, and trading hours are not publicly available. Without transparent disclosure of trading costs and conditions, traders may face unexpected expenses. Moreover, the broker’s statement about “raw spreads” remains unverifiable in the absence of independent reviews or data.

Eliom FX is an unregulated offshore broker with a short operational history. While it presents a standard offering of forex and CFD trading on MT4, the lack of regulatory oversight and transparent trading conditions raises significant concerns.

Prospective traders should exercise extreme caution. The combination of an opaque regulatory status, a high scam risk score, and limited public information makes this broker unsuitable for those seeking a secure trading environment. We advise traders to consider only regulated brokers with a proven track record.