Beware! ElitenetOptionTrade is an offshore broker! Your investment may be at risk.
ElitenetOptionTrade Key Features
🔴 ElitenetOptionTrade is a shady investment crypto company – a warning sign!
🔴 ElitenetOptionTrade is under no regulatory oversight – a red flag!
🔴 ElitenetOptionTrade lies about its contact information – a red flag!
🔴 ElitenetOptionTrade creates irrational expectations – a red flag!
ElitenetOptionTrade Products and Services
ElitenetOptionTrade is yet another crypto investment scam that tries to lure its clients with investment plans with incredible return rates. Here is what these plans can supposedly grant you:
There is no way for that to be true, of course – the company has simply made up these insane rates of profit. And even though the terms of investment are not specified, with a 1100% profit rate, they would need to be within a couple years to be believable! We are willing to bet, however, that ElitenetOptionTrade claims it can achieve them in a very much shorter amount of time – this is the case with such schemes.
You see, the people behind them are simply trying to get investors to deposit under the false hope they will get rich quick. That is not possible – there are no shortcuts to wealth, and if there are, they are not found with such shady firms online. What has allows these crypto scans to flourish has been the advent of the digital assets into the mainstream, coupled with a relatively low amount of knowledge of how they operate. This means would-be investors are very easily misled into depositing and very easily deceived.
However, in its nature, these crypto scams are nothing but a HYIP scheme!
HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can't happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you'll be at risk if you deposit.
That being so, it's worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.
ElitenetOptionTrade Company and Regulation
ElitenetOptionTrade does not mention regulation once on its website – that is another scam sign. Unlicensed companies often are fraudulent – be careful!
The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients' funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.
In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients' money can't be exposed to unnecessary risks or stolen. However, it's worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you've wasted money on potential scams like the one under review. And you'd better avoid unregulated investment businesses at all times.
ElitenetOptionTrade Address and Contacts
| Address: | Los Angeles California, USA |
| Phone number: | +16785093793 |
| E-mail: | [email protected]; [email protected] |
ElitenetOptionTrade claims to operate from the States – but that is simply not possible. You see, the USA is one of the strictest regulatory jurisdictions, with companies that wish to provide the services ElitenetOptionTrade claims to being required to obtain the approval of the regulatory bodies in the federation. ElitenetOptionTrade does not have that, and, therefore, the address is not representative of the company!
When it comes to investing, transparency is crucial as you should know who's running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can't reach anyone over the phone given, can't validate the addresses or can't in any other way prove that the investment provider has the authorisation to offer financial products.
Elitenetoptiontrade.com Website Info
| SimilarWeb Ranking | None at the time of writing |
| IP | 176.9.174.165 |
| Server Country | DE |
| WHOIS Reg. Date | 2021-08-16 |
| Registrar | NameSilo, LLC |
| SSL certificate | Valid |
| Owner | Redacted for Privacy |
| Administrator | Redacted for Privacy |
Is ElitenetOptionTrade Safe?
ElitenetOptionTrade is a scam – with its lack of transparency, regulation and its incredibly shady business model, you should avoid the firm at all cost!
Scam Warning
Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can't flourish in a strong regulatory environment, so you'd better think twice before you've deposited with unregulated investment schemes.
The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country's regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that's why they always work without a license.
As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn't a legit offer.