In our EldenFinance Review, we discuss a broker that offers a wide variety of instruments for trading. Can you become a successful top-tier trader on this platform, or will you expose yourself to significant risks by working with this project? Let’s break it down.
Is EldenFinance Reliable?
EldenFinance cannot be trusted — there’s no doubt about it. The primary issue lies in its lack of a trading license or regulation. Some traders may think the absence of a license isn’t a big problem, but it is. EldenFinance’s issues go even deeper — it’s not even officially registered as a company.
Despite listing numerous addresses in the footer of its website, the company is not registered in any of the jurisdictions mentioned! We checked every official registry, and EldenFinance is not listed in any of them. If a company is not registered, it cannot hold a license to operate. This clearly indicates that EldenFinance is a scam pretending to be a legitimate platform.
Withdrawal Issues to Know
The broker offers account funding via bank transfers and popular e-wallets, also promising to process all withdrawal requests within 24 hours. Unfortunately, the fees are not disclosed publicly.
How Long Has the Broker Been Active?
The information provided by EldenFinance itself is extremely limited, and the company does not disclose when it began operations. However, using external tools like WHOIS to analyze domain registration data reveals that the domain was only registered in May 2024. This short operational period raises doubts about the quality and reliability of the service. Attention! This review belongs to InvestExpertHub.
Key Fraud Warning Signs
❗Despite being a relatively new project, there are already negative reviews and exposés circulating online, with numerous accusations of fraud.
âť—Lack of transparency around trading conditions.
❗No information about the project’s owners or management team.
EldenFinance Review Conclusions
You should absolutely avoid working with EldenFinance! The risk of losing your funds is extremely high, and recovering them will likely be impossible. This is an unregulated and illegal organization operating without a license.
Advantages and Drawbacks
âž•None.
âž–No license.
âž–Short time on the market.
âž–Trading conditions are not disclosed.
FAQ
How is EldenFinance regulated?
It isn’t. MarketStep is a completely anonymous website with no license or registration.
Is it safe to work with this broker?
No, you’re highly likely to lose your money
How can I get my money back?
If you transferred cryptocurrency, you’ll need to contact law enforcement. In such cases, even chargeback services cannot guarantee the recovery of your funds.
Brief Conditions
|
Type |
Forex |
|
Location |
Switzerland |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
|
|
Languages |
En, De |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
❌ |
|
Minimum Deposit |
❌ |
|
Max. Leverage |
❌ |
|
Scalping Allowed |
âś… |