Eliom FX Review
30
Review
Fast Facts
Contact Info and Support
Traffic information
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About Eliom FX
Eliom FX is registered in Saint Vincent and the Grenadines as “Eliom FX LLC”, registration number 2091 LLC 2022 (). The broker advertises trading in forex, CFDs, cryptocurrencies and possibly other instruments via the MetaTrader 4 platform, with claimed leverage up to 1:100, offering three account types (Starter, Professional, Advanced) ().
There is no evidence of a valid regulatory license from recognized authorities; the SVG FSA provides no oversight for forex operations, and Eliom FX is unregulated according to BrokersView and WikiFX (). Reports indicate the claimed SVG registration has been cancelled (). Minimum deposit levels vary in sources—from $250 to $5,000—and transparency on deposit, withdrawal methods, spreads, commissions or fund segregation is lacking ().
Pros and cons
Pros
- Uses MetaTrader 4 platform, known for stability and support for Expert Advisors ().
- Offers multiple account types and a variety of asset classes (forex, CFDs, crypto) ().
Cons
- Lacks regulation by any tier‑1 authority; SVG FSA supervision is invalid for forex services ().
- Reports of withdrawal issues, loss of funds in automated trading (e.g., Raidem bot incidents), and widespread user complaints accusing the broker of fraud or malpractice ().
- Unclear trading conditions—spreads, commissions, fund protection, KYC/AML policies not transparently disclosed ().
