ELLIOT Trade

ELLIOT Trade is a trading firm registered in Mauritius, operating under the domain elliottrade.uk. It was founded on 30 June 2022 and is headquartered at 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company presents itself as a financial services provider, though it does not hold any known regulatory licences from major financial authorities.

ELLIOT Trade maintains a presence on social media platforms including Facebook, Instagram, and Twitter/X. However, independent user reviews are absent from major industry databases, which limits the available public feedback on its services. The lack of verified client testimonials or third-party audits makes it difficult to assess the firm's operational track record.

Our records indicate that ELLIOT Trade has no registered regulators on file. Mauritius is not generally considered a stringent regulatory jurisdiction for forex brokers, and companies based there may operate without a forex-specific licence from the local Financial Services Commission (FSC) if they avoid certain regulated activities. This absence of oversight means that traders have no recourse to a compensation scheme or regulatory ombudsman in the event of disputes.

For a retail trading broker, the lack of regulation is a significant concern. Regulated brokers are required to segregate client funds, submit to periodic audits, and follow conduct rules that protect clients. Without these safeguards, clients are exposed to elevated risk, including potential misappropriation of funds or unfair trading practices.

ELLIOT Trade was established relatively recently, in mid-2022, placing it among newer entrants in the online trading space. The registered address in Cybercity, Ebene, is a known business hub in Mauritius that hosts numerous financial and tech companies. The company's domain (elliottrade.uk) uses a .uk top-level domain, which may create the impression of a UK affiliation, but the business is not registered in the United Kingdom.

The social media presence suggests an attempt to reach an international audience, particularly through platforms popular among retail traders. However, without substantiated operational history or verifiable trading volumes, it is difficult to gauge the scale or reliability of the firm's operations.

Based on available public information, ELLIOT Trade appears to target retail traders interested in forex and CFD trading. The broker's website (elliottrade.uk) likely offers trading platforms, account types, and access to various financial markets, though we have not been able to verify specific details independently. Common offerings for brokers of this nature include leveraged trading on currency pairs, indices, commodities, and cryptocurrencies.

It is important to note that without regulatory disclosures, the terms of service, spreads, commissions, and leverage offered cannot be confirmed. Prospective traders should exercise caution and seek to verify any claims directly before committing funds.

FXCanary's Scam Risk Score for ELLIOT Trade is 52 out of 100, which falls into the 'Elevated' risk category. This score reflects the combination of an unregistered regulatory status, short operating history, and absence of independent user feedback. Elevated risk does not confirm malpractice but signals that the broker does not meet the standard safety benchmarks expected of regulated firms.

Traders considering ELLIOT Trade should be aware of the heightened risks, including the potential for limited transparency, difficulty in withdrawing funds, and lack of legal protection. We recommend conducting thorough due diligence, verifying any regulatory claims directly, and considering only risk-capital for such engagements.