For transparency and client information purposes, you can view below the licenses and regulations to which Elite Capital Option adheres to, in addition to other legal and operational information.
Securities and Exchange Commission is the financial regulatory body that grants operating licenses, inspects the securities of companies listed on the Stock Exchange, and imposes administrative sanctions to brokerage service firms, investment consultants and to other legal entities. Elite Capital Option is a licensed SEC Broker with license no. and a holder of the American investment Firm (AIF) license under the control of Securities and Exchange Commission.
Financial Conduct Authority (FCA): The financial regulator of the United Kingdom is responsible for regulating the financial services industry to ensure that investment firms follow the rules. Elite Capital Option is registered with the FCA with “EEA Authorised” status to provide investment services under registration number 602404.
BaFin-Federal Financial Supervisory Authority: The financial supervisory authority of Germany oversees the financial markets in Germany. Elite Capital Option is registered with BaFIN to provide investment services within Germany with BaFIN ID 132843.
As a European investment firm, Elite Capital Option is a MiFID Forex and Crypto broker in full compliance with the regulations of Markets in Financial Instruments Directive (MiFID). The EU accession has automatically granted SEC a member of the Markets in Financial Instruments Directive which it has over the years become the financial lynchpin of the European Commission’s Financial Actions Plan. It provides coherent regulation of all financial investment services among the 30 member states of the European Economic Area under EU law for the primary purpose of providing consumer protection.
The protection of client funds is of paramount importance for Elite Capital Option, which is why all client funds are held in segregated accounts within secure banking institutions, thereby safeguarding against their use for any other purpose. Elite Capital Option as a segregated account broker operates this kind of separate account principally to shield client investments from circumstances resulting from risk of any force majeure relating to company’s activity. Therefore, rest assured that all clients’ funds are intact with us.
Elite Capital Option is a member of the Investor Compensation Fund. The Fund was established under the Investment Firms Law of 2002 and the establishment and Operation of an Investor Compensation Fund for customers of American investment Firms Regulations of 2004 which were issued under the Law. All retail clients have their funds insured to a maximum of 20,000 Euros each, in the unlikely event that the company cannot fulfill its obligations due to insolvency.
In order to safeguard our clients’ best interests and to ensure that all company operations are in full compliance with European laws & regulations, we work closely with our internal and external auditors who have each been selected based on their international reputations as leaders in their sector. Our audits are carried out by Baker Tilly and FAI Comply.