The German regulator BaFin has issued a warning against the scam broker FXELIT. As usual with broker scams, FXELIT shows users exorbitant profits in the Dashboard, encouraging further deposits. However, profits are not paid out. Customer funds deposited via crypto are forwarded to perpetrator-owned wallets. The operators legitimize themselves with alleged “certificates” from non-existent supervisory authorities. They also use the logo of BaFin without permission.
Key Data
| Trading names | FXELIT |
| Activity | Scam trading scheme |
| Attacking languages | English, German |
| Domains | https://fxelit.com https://platform.fxelit-go.com |
| Legal entities | not disclosed |
| Jurisdiction | not disclosed |
| Contact data | [email protected] |
| Payment options | crypto |
| Payment facilitators | not active |
| Authorization | No |
| Compliance rating | Black |
| Warnings | BaFin |
Share Information
If you have any information about FXELIT, their operators, and their facilitators, please let us know through our whistleblower system, Whistle42.
