Read our Elite Blockchain Group review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is an eliteblockchaingroup.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Elite Blockchain Group is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Elite Blockchain Group in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Elite Blockchain Group Review Conclusions
Making the Elite Blockchain Group review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Elite Blockchain Group review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
We have been contacted by Eliteblockchain by Noah Webber email [email protected] and claims to help us with our scammed funds. We have found out by Australian authorities that this company is a scam. Do not trust them. He advised that he would email us their legal documentation validating they are a regulated platform and we have never received this information.
I had a cold call from this mob over a week ago telling me they had some BTC for me to withdraw to my wallet. The first call said it was $10,000 USD. I have never had any association with them. They called me a number of times since then, but today, they called again and this time it was about $5,000. I advised them that if they wish to transfer money to me that they could do it through a wallet that I already have. What they wanted was to access my computer through AnyDesk, so that they could verify my details and show me how to do the withdrawal to my bank account. I saw that as a red flag! In the finish, I told them I believed they were scammers and they told me that my wallet would be deactivated.
Hey I just got the same cold call today from +44 phone country code, claiming from elite block chain group saying I have $10k worth of btc that has been laying around on their platform for one year, and needs to be withdrawn because they cannot hold it for long (red flag)
They sent me email to reset password and after I typed the new password the website showed me my account where I saw 0.19 btc there but I couldn’t withdraw from there (red flag), and I checked there was no trade history. I guess this is their intention, to get their guy guide you step by step (to scam you).
when I closed the window and tried to login on website using that password it didn’t work (red flag)
That guy also insisted me to use computer connecting to Anydesk saying for security reason (another red flag).
This is definitely SCAM, besides I have never used this platform, and I always remember where I put my money (and this is not the one I have ever used).
a tel from +390694802393 They sent me email to reset password and after I typed the new password the website showed me my account where I saw 0.13 btc there but I couldn’t withdraw from there.
That guy also insisted me to use computer connecting to Anydesk saying for security reason
she insisted on copying / pasting iban and bic directly from the bank’s website (never executed) in a chat
my client was scammed by them : he put there more than 6k, agent told him that he need to have a 10k euro to start investing with btc :
Gabri sono stato contattato oggi da ELITE BLOCKCHAIN GROUPP mi hanno detto che avevo il portafoglio da ritirare e siccome era bloccato avrei dovuto sloccarlo con un versamento e volevano collegarsi al mio pc con any desck doccia fredda
Gabri I was contacted today by ELITE BLOCKCHAIN GROUPP they told me that I had the wallet to withdraw and since it was blocked I would have to pay it off and they wanted to connect to my pc with any desck cold shower
I ALSO HAVE BEEN SCAMMED. SAME THI G THEY SAID THE I HAD AN OLD BTICOIN ACCOUNT THAT HAD 6500 INIT. THEY WANTED MONEY TO RELEASE THE MONEY. GOT SCAMMED REAL GOOD. TRYING TO RECOVER MY MONEY.