Proelitemarkets.com is a dangerous scam as it pretends to be from the UK when they have a trustpilot profile that was opened from Canada. Pro Elite Markets is offering illegitimate Forex and CFds trading platform where leverage is a whooping 1:1000. They don’t seem to offer true MT4 trading software as their account types are referred to as “Forex account packages”. This phrase is often used by high yield investment platforms that intend to scam consumers. For that reason, we can’t include Pro Elite Markets in our list of recommended brokers.
Pro Elite Markets Review: Why Proelitemarkets.com is a Forex scam
Every scammer who runs an illegitimate Forex broker will promise you everything just to get your deposit.
At the moment, this scam is taking at least $300 from unsuspecting victims. They are promising them tight spreads, free education, access to personal account managers and support which involve live chat and email respectively.
Of coursse these features are not new as every other Forex broker is offering these benefits to their traders.
What we doubt is whether Pro Elite Markets is truly offering MT4 software for trading.
Secondly, Proelitemarkets.com is not licensed. They provide a UK address on their website which ideally means they should be regulated by the FCA…. which is the financial regulator in the UK.
Brokers regulated by this financial watchdog tend to be reliable compared to offshore brokers whose authorization comes from unknown regulators.
There is no reason as to why Pro Elite Markets should not obtain a license from the FCA. The only reason we can think of is that they’re involved in illegitimate business hence they cannot qualify for a license in the first place.
Also, while we were signing up on the Pro Elite Markets website to test their platform, we were dismayed to find that the scammers had already registered our email on their platform.
This tells us that Proelitemarkets.com is actually utilizing the services of illegal companies that sell third-party information on the internet.
If they can use our email without consent, then it can be dangerous if they get hold of your credit card information.
Proelitemarkets has no reviews on the internet
They’ve been around since 2020 but failed to get even one customer review. This also means the site is not popular. And with the visitor numbers being very small, they are probably not getting a lot of victims to scam.
Either way, you need to consider consumer reviews before signing up on a trading platform. Remember that this involves investing your hard-earned money. If you fail to do due dilligence, then definitely you’ll be scammed.
What to do if you have been scammed by Pro Elite Markets
If Pro Elite Markets deceived you and made away with a sizeable chunk of your investment, you can apply for a chargeback.
The process is a bit complicated, which is why most people cannot do it on their own. For that reason, I have included a contact form on this review as well as a live chat button.
If you make use of either of those, you can submit your case to a money recovery agency for free. They work with law enforcement and various financial intermediaries across the world.
ProEliteMarkets is neither honest nor transparent with their targeted consumers. Their website does not reflect the virtue of trust.
It is also cheaply done, giving the impression that the anonymous owners are cash-strapped.
You cannot trust charlatans of this grade because they will not hesitate to make away with your money to the last coin.