Illegal Broker Activities

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Urgent Warning Against FXELIT Broker Scam

by BenSeptember 11, 2023September 11, 2023

BaFin warning against scam broker FXELIT

Spread financial intelligence

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

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If you have any information about FXELIT, their operators, and their facilitators, please let us know through our whistleblower system, Whistle42.

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