SCAMS Review: Is Elcurrency a Scam or Good Broker?

Elcurrency Review: Scam or Legit Broker? is a forex and CFD broker. It allows you to trade primarily with cryptocurrencies. It is supposedly own by Hello Technology Ltd, and is located at Marshall Islands. They could be reached via phone- +43720775153 or email –


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They accept Visa, Master Card, Skrill.


NO!  Elcurrency broker is not licensed. No regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.


Everything about this platform indicates that they are a scamming lot. First and formost, they claim to be a cryptocurrency exchange platform whereas it isn’t so. You can also trade stocks and commodities with it, it obviously is a broker that is using contracts for difference.This kind of trading with derivatives is always regulated and requires a licence. But Elcurrency is not regulated at all, it has no licence in the UK nor anywhere else, which makes it a broker that is not allowed to offer investment services. It also is offering bonuses on deposits, which is illegal in the EU.


Just like TradeHash and FASTFX, Elcurrency is an illegal broker, this is a source of major concern. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.

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Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK which makes client funds safe. They accept traders worldwide..visit their official website

DID YOU KNOW!! Most Autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE

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2 years ago

Caution Fraud
That you can lose money in speculation is perfectly normal. And I’m not complaining about that either. The risk was and is known to me and I consciously took it.
The problem is that ElCurrency sees your money as your money and doesn’t pay out a cent of it anymore, i.e. you can’t just sell and say “The war´s”, but the traders (monthly income 30,000 according to their own statements), tell you very cheekily and directly that only they decide on payouts.
That’s why I can only warn you at this point to transfer only one cent to this company and these traders, you won’t see him again. If anyone thinks that’s just the rating of a disappointed investor:
1) at the beginning it went well for me too (the stake) doubled very quickly.
2) Since the colleagues only communicate by phone and the internal chat system, I copied every chat very quickly and recorded the phone calls. So if you don’t believe it, just let me know.
To all, who are still in there, to you, to you, to all, who are still thinking about getting in: Invest the money better in cocktails.

Mahboob Ali
Mahboob Ali
2 years ago
Reply to  mba

Please let me know how can i get back my money 300$ from elcurrency, i have all proofs in emails, call record, chat records and whatsapp messages.

2 years ago

JA – ist BETRUG !
Geld einzahlen – sieht man nie wieder…
YES – ist’s SCAM ! forget ist very fast !

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