You should avoid trading with Elite Trading Platform as it was first added to the Financial Conduct Authority’s (FCA) warning list on 2 May 2025, with no subsequent updates. The FCA issued this warning because the firm appears to be providing or promoting financial services in the UK without authorisation, which is a legal requirement for most firms and individuals. Elite Trading Platform is not registered with the FCA but may be targeting UK consumers regardless. The contact details listed for the firm are [support@elitetradingplatform.online](mailto:support@elitetradingplatform.online), website [https://elitetradingplatform.online](https://elitetradingplatform.online), and a physical address in Cayma Islands, Mahe, Seychelle, SEYCHELLES.
To check if a firm is authorised by the Financial Conduct Authority, you can:
Customer Reviews
Customer reviews have been turned off for this provider as they are not regulated by the FCA and are not allowed to provide financial services to UK customers.
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The Importance of FCA Authorisation & Regulation
All firms offering financial services in the UK are required to be regulated by the FCA which is crucial in the UK for protecting consumers, ensuring financial market integrity, and promoting financial stability.
The FCA helps prevent mis-selling, enforces laws against market abuse, and supports innovation while fostering competition.
By setting and enforcing high standards, the Financial Conduct Authority maintains confidence and transparency in financial markets and protects clients’ money if a firm goes bust with the FSCS.
Worried About Financial Scams?
We have produced lots of guides about how to avoid financial scams in the UK. You can read a selection of them below.
If you think you have been a victim of a financial scam you should report it to the FCA here.
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Instagram trading scams worse since Meta stopped fact-checking
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FCA finally flexing and fining Finfluencers for promoting scams
The FCA has finally done something about trading scams being promoted on Instagram. Emmanuel Nwanze who controlled the @holly_fxtrends Instagram account along with Holly Thompson
Pension Scams: How To Spot, Avoid and Report Them
Millions of Britons are still at risk of losing their retirement savings to fraudsters and pension scams with, reports of pension scams increased 45%, and
How To Spot and Avoid Investment Scams
We recently revealed from official police data that over £75m has been lost by UK investors to social media scams in one year. Find out
UK Investors Lose £75 Million To Financial Scams On Social Media
We submitted a Freedom of Information request to the police and action fraud to find out the true losses of how bad reported investing and
Another blow for cryptocurrency as Chase Bank UK bans crypto payments because of scams
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CFD Scams – What are they and how to spot them
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How can major media outlets still be hoodwinked into unwittingly promoting forex investment scams?
For a while now, scammers have been targetting the national press through fake news, unwitting journalists and press releases. This is perhaps the most dangerous
Scam Financial Advertising & Promotion Statistics (2020)
Social media influencers are the least trusted to advertise financial products, with only 3% of those surveyed saying they trusted them. This is a relief
Which forex brokers offer a welcome bonus and won’t scam me?
A reader has asked: Which forex brokers offer a welcome bonus and won’t scam me? The quick answer is this, none. No decent broker will
Bond Scams: The rise of fixed income scams and how to avoid them
Bond Scams: One of the interesting things about running a website is that you can see via the analytics how people end up on it.
How To Spot & Avoid Investment ISA Scams
If you’re worried that an investment ISA may be too good to true here’s our guide to spotting ISA scams Investment ISAs that advertise eye-catching
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
