Elliot Trading

Elliot Trading, short for Elliot Trading Limited Company, is an internet-based trading platform registered in Mauritius. The company states its address as 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. It was founded on 30 November 2020.

According to our records, the broker’s website (elliottrade.com) is currently inaccessible, which prevents independent verification of its operations and offerings. This lack of accessible online presence raises immediate concerns for potential traders.

Our records show that Elliot Trading is not regulated by any recognised financial supervisory authority. The company does not hold a licence from reputable regulators such as the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC).

The absence of regulation is a significant red flag. Unregulated brokers offer no external oversight, meaning traders have no recourse in the event of disputes or financial loss. FXCanary strongly advises caution when dealing with unregulated entities.

Elliot Trading offers three account tiers, each with different minimum deposits and leverage options. The Standard Account requires a minimum deposit of $100 and provides leverage up to 1:200. The Pro B Account has a $1,000 minimum deposit and maximum leverage of 1:300. The Super Pro A Account requires $3,000 and offers leverage up to 1:400.

These leverage levels are extremely high, particularly for the Super Pro A account. While high leverage can amplify profits, it also magnifies losses, making such accounts suitable only for experienced traders who fully understand the risks.

Elliot Trading is registered in Mauritius, an offshore jurisdiction often used by forex brokers to obtain regulatory licences. However, the company does not appear on the register of the Financial Services Commission (FSC) of Mauritius, according to our cross-referencing of official records.

The broker’s website is currently offline, which is unusual for a legitimate operating company. This could indicate that the broker has ceased operations, is undergoing maintenance, or, more worryingly, may have exited the market without notifying clients.

Given the lack of regulatory oversight, the inaccessible website, and the high leverage offered, Elliot Trading presents a guarded risk profile. FXCanary’s Scam Risk Score for this broker is 49 out of 100, categorised as 'Guarded'.

Traders should exercise extreme caution. Without regulation and a functional website, it is impossible to verify the broker’s claims or ensure the safety of deposited funds. We recommend considering only fully regulated brokers with a track record of transparency and client protection.

Based on the account structures, Elliot Trading appears to target a wide range of retail traders, from beginners (Standard Account) to high-volume professionals (Super Pro A Account). However, the high leverage and lack of regulation make the broker unsuitable for conservative or risk-averse traders.

The minimum deposits are relatively low for the entry-level account, which might attract novice traders. However, the combination of high leverage and no regulatory protection creates a dangerous environment for inexperienced traders.