Broker Review

Unauthorised Firm Details

Name: Elitetradersbase.online
Website: www.elitetradersbase.online

ELITETRADERSBASE, accessible via elitetradersbase.online, presents itself as an investment and trading platform. It advertises various membership plans Basic, Gold, and Silver VIP which require minimum deposits ranging from $300 to $20,000, with a maximum deposit cap of $50,000. The platform makes highly unrealistic promises of daily returns exceeding 85%.

ELITETRADERSBASE does not list any physical address or contact phone number on its website. Despite this lack of transparency, it is actively advertising across the United Kingdom. According to FCA regulations, any firm offering financial services in the UK must be authorized by the FCA—yet ELITETRADERSBASE appears to be operating without such authorization, suggesting it is functioning as an unauthorized financial entity.

Additional findings show that the domain elitetradersbase.online was registered on August 7, 2024, for just one year. The domain ownership details are completely hidden under privacy protection, which is often a red flag. Moreover, multiple reports of fraudulent activity have surfaced during our investigation, with several verified review platforms also reporting scam-related complaints linked to ELITETRADERSBASE.

Red Flags of ELITETRADERSBASE

1. Unrealistic Returns Promised

   • Claims of over 85% daily returns are highly suspicious and mathematically unsustainable—classic sign of a potential scam or Ponzi scheme.

2. FCA Warning

   • On December 6, 2024, the UK Financial Conduct Authority (FCA) issued an official warning stating the platform may be providing or promoting financial services without permission.

3. Lack of Regulatory Authorization

   • Despite targeting UK residents, the company is not authorized or registered with the FCA, as legally required for financial service providers in the UK.

4. No Physical Address or Contact Information

   • The website provides no verifiable address or phone number, indicating a deliberate attempt to remain anonymous.

5. Aggressive Advertising in the UK

   • Running high volumes of ads in the UK while being unregistered raises further concerns about targeting unsuspecting investors.

6. Recent & Short-Term Domain Registration

   • The domain elitetradersbase.online was only registered on August 7, 2024, and for just one year a common trait of fly-by-night scam operations.

7. Domain Privacy Enabled

   • All ownership details are hidden using domain privacy protection, which is often used to conceal the identity of operators behind fraudulent websites.

8. Multiple Reports of Fraud

   • Several individuals have reported fraudulent activities involving the platform during the course of the investigation.

9. Negative Reviews on Verified Platforms

   • There are multiple verified user reviews labeling the platform as a scam, adding to the weight of evidence against its legitimacy.

10. No Transparent Company Information

    • There is no mention of company registration details, leadership team, or corporate background unusual for any legitimate financial business.

Based on the available evidence, ELITETRADERSBASE exhibits multiple red flags that strongly suggest it is not a legitimate investment or trading platform. From unrealistic promises of high daily returns to a formal warning by the UK Financial Conduct Authority (FCA), the platform shows clear signs of operating without regulatory approval.

The lack of transparency, anonymous domain registration, and absence of contact information, combined with multiple reports of fraud and scam accusations, further indicate that ELITETRADERSBASE is highly likely to be a fraudulent operation targeting unsuspecting investors.