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ElevoCas

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    What to do if the broker is a scammer ElevoCas scammed me for money - reviews of the scammer former traders, review of deception scheme

    Trading is simulated, there is no access to real markets. Another clone of a fake broker created to scam Russians.

    Status

    SCAM

    Year of foundation

    2023

    Affiliate program

    No

    Regulation and jurisdiction

    No

    Website

    elevocas.com

    Contacts

    GREAT BRITAIN

    CAMBRIDGE CB1 2AS

    101 MILL RD

    +44 1124 501106

    Pros
    • Russian version of the site
    Cons
    • No license or registration
    • Imitation of trading, manipulation of quotes
    • Non-working withdrawal of funds
    Trading Platform

    WebTrader

    Types of accounts

    Regular, Progressive, Expert

    Currency

    USD

    Deposit/withdrawal

    Crypto, Visa, Mastercard

    Min Deposit

    $150

    Leverage

    1:500

    Min. order

    0,01 

    Financial Instruments

    CFDs of shares, indices, commodities, metals, currency pairs, cryptocurrencies

    Order execution

    Instant

    Bonus

    No

    Review of ElevoCas. What kind of broker is this?

    Forex scam ElevoCas has positioned itself as a leading player moving to new heights. According to legend, it has been operating since 2017. Checking the domain made it clear: nothing like that. The launch took place at the end of 2023. Moreover, to deploy the site, an address registered in 2019 was used, which was on sale all the time.

    The scam ElevoCas is allegedly run by a company registered in the UK. Moreover, it has licenses issued by regulators in South Africa, Cyprus, Belize and Australia. The check showed that they were all fake.

    The ElevoCas website provided a list of types of markets. However, there is no complete list of financial assets with specifications. Instead, the scam offers to get acquainted with the volume of collateral. On the page dedicated to this, the sharashka showed its reserve in cryptocurrency and listed the organizations that are supposedly its liquidity providers.

    All these tales have not passed the test. At a minimum, because real liquidity brokers do not cooperate with illegal dumpsters without documents.

    In account types, the scam gives the leverage size. It is too broad for a eurozone broker. Other specifications can be found only after registering on the site. This is concrete proof of fraud. An honest broker has nothing to hide.

    Part of the specifications is provided by a calculator. The financial instruments indicated there differ from those offered by the scammer “IlevoKas”. The names of the accounts are also different.

    The ways to deposit and withdraw are a mystery. Honest reviews about ElevoCas warn: Sharashka’s office is trying to pump up a deposit in cryptocurrency. The reason is that Bitcoin and altcoins are very easy to scam.

    ElevoCas carries out card transactions. You will have to find out about the commissions and terms of replenishment after registration. Here’s another reason to blacklist the catcher. Not a word about the withdrawal of a scam broker.

    Terms of cooperation. How to make money with ElevoCas?

    ElevoCas investments:

    • in shares,
    • indices,
    • commodities,
    • currency,
    • metals,
    • cryptocurrencies.

    The fake broker’s website only provided types of financial assets. There is no complete list. Here is another proof of fraud.

    Scam offers 3 accounts to choose from:

    • Regular.
    • Progressive.
    • Expert.

    To enter the market, you need to hold out $150, $5,000 and $25,000 respectively.

    В Regular leverage up to 1:100. Attention: wide leverage is one of the top signs of a scam. He helps scammers lure and deceive.

    Position execution is instant. This speaks louder than the most honest reviews that orders do not reach the real market.

    Progressive has an even wider leverage – 1:500. Plus:

    • Instant execution of positions.
    • Access to metals and crypto. Attention: this is a blatant manipulation designed for people taking their first steps in trading. A pro understands: crypto trading does not require a scam intermediary or $5,000. It is enough to register on a cryptocurrency exchange and start with any comfortable amount.
    • Depot insurance. A real broker does not insure deposits. Even in the most restrictive jurisdictions. The maximum you can count on is a compensation fund. Money comes from there not if the broker goes bankrupt, but if he cheats.

    Expert has the same wide leverage as Progressive account. The following are added to all options of the last account for trading:

    • Securing a deposit. What this means is unclear. Old clones of the IlevoKas scam were selling protection against minus deposits.
    • Support 24/7. An honest broker offers 24/7 support 5 days a week to everyone who opens their “Personal Account”. They trade from Monday to Friday.

    I forgot to tell you about swaps, margin calls, stop outs. There are no spreads on the website either. All that the trader knows about trading conditions is the minimum deposit of 0.01 lots and very wide leverage.

    Registration, regulation, replenishment and withdrawal money from ElevoCas

    Scam ElevoCas assures: it is managed by ElevoCas. Company registration address: 101 MILL RD, CAMBRIDGE CB1 2AS, GREAT BRITAIN. Rating Forex checked whether this is true or not in the UK register of legal entities. It doesn’t even smell like that shot.

    To promote the “Personal Account”, the fake broker ElevoCas rustles about registration in Cyprus, Belize, South Africa, Australia. The check showed: nothing of the kind.

    ElevoCas is not a registered swindler anywhere. Rating Forex cautions that such personnel cannot legally provide brokerage services. No liquidity provider will deal with him.

    ElevoCas is also bad at security. If the dumpster throws money, it will be very difficult for the victim to bring her to justice. The scammers behind it could be hiding anywhere. There is an opinion: they are sitting on the territory of the Russian Federation or in one of the neighboring countries.

    Regulation

    The scammer whispers that he has a CySEC license. Number: 283/41. It is immediately clear that this is a scam.

    Rating Forex reminds you: in the license number of the Cyprus financial regulator, the number after the slash corresponds to the year of issue. In the case of ElevoCas, this is 41. That is, 1941. Such an arrangement is simply impossible. CySEC appeared in the 2000s.

    The dump is also flooding: it has licenses from the financial regulators of South Africa, Belize and Australia. Their registers have already been checked for registration. There is no such document. If so, there cannot be a license either.

    But that doesn’t mean regulators haven’t heard about the ElevoCas dumpster. For example, the Russian Central Bank blacklisted this office on November 30, 2023. That is, a month after its launch.

    If the scammer was blacklisted by the Central Bank of the Russian Federation. This proves: he specializes in divorcing Russians. The Russian regulator learns about such scams from complaints from deceived traders.

    Not having a broker’s license is a death sentence. No one will force an illegal dumpster to withdraw money. The maximum that regulators are capable of is to publish a warning on the Internet not to contact a scammer.

    Law enforcement agencies will throw up their hands. They will say that the scammer is hiding in another country. Rating Forex warns: even if the police catch the scammers, the beans may not be returned. They should be on seized accounts. But the scammers get away with it very quickly.

    How to top up your account and withdraw money from ElevoCas

    There is no information on the scam website about ways to replenish a deposit or withdraw capital. Nothing about terms and commissions either. From reviews of other projects of the same scammers behind IlevoKas, it is known: scammers prefer deposits in crypto. It is easy to steal and difficult to track.

    Expert opinion

    Eugene Rudenko

    Open about ElevoCas official website – eat a large portion of noodles about registration, financial regulation and the age of the project. This is another trap for scamming money.

    The scammers behind the scam have been in business for more than 5 years. They have dozens of sites where they pump money. Anyone who has encountered them before can recognize them. Only the design changes. The general approach to content and structure remains the same.

    Under no circumstances should you start “Personal account” at ElevoCas. Those forThe scammers created this garbage dump just to line their pockets. Every dollar of the deposit is licked right during the replenishment.

    Money flies away in an unknown direction. They go either to an anonymous wallet or to drop cards. All trade is imitation. There’s no real money there. It is simply impossible to gain profit. Fraudsters can paint soot only to pump out the cabbage again.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    Reviews about ElevoCas. What are traders saying?

    Fake broker ElevoCas swimming in negative reviews. Brokertribunal.com warns that this is a scam, and a cloned one at that. Hundreds of people donated a lot of money to the scammer.

    In gratitude for the kidnyak, ElevoCas is called sharashka’s office. People say: if you open your “Personal Account”, there is a risk of being left without cabbage. With such a scammer, there is only one way – in a dive.

    Scaud.info is also full of complaints about divorce. People say: the trade is a complete sham, a farce:

    • no licenses;
    • no access to normal terminals;
    • All payments go to anonymous recipients.

    People regret one thing – that they didn’t think about the scam. One poor fellow got very angry. The truth only emerged when he tried to remove the carbon deposits 3 times and was refused for far-fetched reasons. Then he was deprived of access to his account.

    There are real reviews about the ElevoCas scam on vsyapravda.net. The author of one of them said: he has fallen for swindlers more than once, so he knows perfectly well how to identify them. He immediately began checking the office. It turned out that instead of a license there was a huge dash. The statistics and history on the site are fiction. The dump started at the end of October 2023.

    The author of the following review listed as many as 12 sites owned by IlevoKas. Moreover, this is only part of the swindler’s clones. Every day there are more and more of them. There is no profit with them. Just a money scam.

    The first thing you need to do if you were deceived by a fraudulent broker ElevoCas is to complain to Rating Forex. You will receive free legal advice and your capital back. The scammer will give you everything.

    Like a divorceandt with ElevoCas money

    It is very important to remember: “IlevoKas” is one of dozens of cloned sites created by the same group of scammers. In their arsenal there are the top 3 ways to lure cabbage:

    • fake accounts on social networks;
    • fake vacancies on job sites;
    • cold calls, mailings.

    Fraudsters often come up with new ways to get contacts of potential victims and force them to fork out money. They promise fat profits so that victims open their wallets as quickly as possible.

    When replenishing the depot at the scam broker ElevoCas, the money is immediately sent to his pocket. After this, the catcher begins to imitate trading either for profit or for loss. In both cases, the goal is the same – to get as much money handed over as possible.

    One of the most popular scam schemes is to draw profitable positions to the neck, and then encourage them to replenish the deposit again. And for a very large amount. Some victims unfastened millions of wooden ones. And not their own. People took out loans from banks and microfinance organizations. All these beans ended up in the clutches of a scammer.

    When trying to withdraw cabbage, the IlevoKas scammer may block your account. He does this every time he thinks the patient is sterile. If the rotten trickster is sure that the poor fellow has beans, he will have to pay him commissions, insurance fees, taxes and conversion fees for a very long time.

    If you refuse to give money, after a while a person who introduces himself as a support employee gets in touch with the trader. He offers to withdraw funds for a small fee. Asks for $1000. Reviews warn: under no circumstances should you bite. This is part of the ElevoCas scam.

    A few weeks after the victim realizes that he was scammed, the fake broker starts milking again. It is provided by a lawyer from a chargeback office and promises to return everything. Then he takes an advance and makes his legs.

    Conclusions

    IlevoKas is not a real broker. This is a scam without documents who treats about his age. Such anglerfish should not be given cabbage. You won’t be able to take a single cent. There can’t even be any talk about making money.

    Rating Forex advice: stay away from the ElevoCas scam, sites that are very similar to it. Garbage clones appear almost every week.

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    FAQ

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    How do customer reviews influence ElevoCas on the company's rating?

    Customer reviews are one of the axis important criteria that influence the placement of a broker in the ranking of the best companies. See all reviews about ElevoCas You can visit the company’s official website.

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    How to write a review about cooperation with ElevoCas on the Rating Forex site?

    Register on the Rating Forex website – it’s free and takes up to 5 minutes, taking into account the registration confirmation via the link that will be sent to your email. Detailed instructions on how to leave a review about ElevoCas, posted at the link.

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