Element Trade MT5 Review

About Element Trade MT5

Element Trade MT5 (operating via elementrader.com) presents no verifiable regulatory authorisations. Despite claims of being licensed by FCA (UK), ASIC (Australia), Japan’s FSA, the Central Bank of Ireland, and NFA (ID 0555592), no evidence supports these registrations; the NFA ID corresponds to a non-member entity, and searches of FCA, ASIC, and others reveal no affiliation with Element Trade MT5 (). The broker discloses no company details, legal documents, terms, or client agreements, and minimum deposit, account types, leverage, spreads, and payment methods remain unspecified (). Reviews consistently categorize the operation as unregulated or outright scam ().

Who it’s for

• Investors seeking a regulated broker with transparent terms — not applicable here.
• Traders requiring detailed information on account types, fees, leverage, platforms — not available.
• Individuals prioritizing legal protections such as segregated accounts, negative balance protection, compensation schemes — not provided.

Pros and cons

Pros

• No legitimate advantages identified from verifiable information.

Cons

• Claims of regulation are false; no licences found in relevant official registers ().
• Lacks transparency: no company details, legal documents, or trading terms disclosed ().
• Widely regarded as scam by independent reviewers and warning platforms ().