Element
Abstract：Element was registered in 2023 in the United States. It provides many trading assets, including forex, precious metals, oil, indices and cryptocurrencies. However, it is not regulated currently.
Note: Element's official website: https://elementrader.com/ is currently inaccessible normally.
| ElementReview Summary | |
| Founded | 2023 |
| Registered Country/Region | United States |
| Regulation | ASIC/FSA/FCA (Suspicous Clone) |
| Market Instruments | Forex, precious metals, oil, indices and cryptocurrencies |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Element Trade platform |
| Min Deposit | / |
| Customer Support | Email: support@wamsm.com |
Element was registered in 2023 in the United States. It provides many trading assets, including forex, precious metals, oil, indices and cryptocurrencies. However, it is not regulated currently.
Pros and Cons
| Pros | Cons |
| Various trading assets | Not regulated |
| Relatively new | |
| Lack of transparency |
Is Element Legit?
| Regulatory Status | Suspicious Clone |
| Regulated by | Australia |
| Licensed Institution | AVA CAPITAL MARKETS AUSTRALIA PTY LTD |
| Licensed Type | Market Making (MM) |
| Licensed Number | 406684 |
| Regulatory Status | Suspicious Clone |
| Regulated by | Japan |
| Licensed Institution | Ava Trade Japan K.K |
| Licensed Type | Retail Forex License |
| Licensed Number | 関東財務局長（金商）第1662号 |
| Regulatory Status | Suspicious Clone |
| Regulated by | United Kingdom |
| Licensed Institution | AVA Trade EU Limited |
| Licensed Type | European Authorized Representative (EEA) |
| Licensed Number | 504072 |
Element Trade MT5 claims to be licensed by financial regulators in the UK, Austria, Japan and the US. However, The registration of the UK-based company AVA Trade EU Limited has nothing to do with Element Trade MT5, and the others's license institutions are also different.
What Can I Trade on Element?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals | ✔ |
| Oil | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Options | ❌ |
| ETFs | ❌ |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| Element Trade platform | ✔ | Web | Experienced traders |
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