ElastosTrade

Our investigation into ElastosTrade found an operation with the classic markings of an investment scam. If you are weighing a deposit — or trying to get one back — read this first.

Who is ElastosTrade?

ElastosTrade markets itself as an online trading and investment service. Its public site is presented at https://elastostrade.com/?a=home. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.

Is ElastosTrade regulated?

We could find no evidence that ElastosTrade holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.

Red flags we identified

• No credible physical address or verifiable corporate record
• No verifiable licence from a recognised financial regulator
• Opaque or anonymous corporate ownership
• Unrealistic profit claims and pressure to deposit more
• Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”

Our analysis

There is no any regulatory information on its website. This broker locates in Hong Kong, but we don't find any results on Hong Kong Securities and Futures Commission (HK SFC) matching to ElastosTrade. The truth is that ElastosTrade is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. ElastosTrade is a scam.

Can you recover money lost to ElastosTrade?

If you have deposited with ElastosTrade, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.