ElenoxOne Review – Is ElenoxOne a Scam Broker?
- Website: https://elenoxone.io/
- Website Availability: Yes
- Address: Rue du Mont-Blanc 14, 1201, Genève, Switzerland
- Warning: Financial Conduct Authority (United Kingdom)
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
ElenoxOne is ahead of innovations as far as finance is concerned. It has mottos such as “Driving Financial Inclusion: ElenoxOne’s Commitment to Empowerment” and commitments to “holistic education” and “tailored support.” The platform appears ahead of the competition when it comes to trading. But beyond that, the story constrains a very disturbing tale.
What Is ElenoxOne?
Elenox One’s website states that it is a Swiss financial service provider that seeks to empower individuals around the world through modern trading tools and educational resources. Despite these grand proclamations, however, there seems to be no correlating entry for ElenoxOne in the database of the Swiss Financial Market Supervisory Authority (FINMA).
Lack of Regulatory Oversight
Not Regulated by Any Authority
The fact that Elenox One is not issued or regulated by FINMA or any other reputable global financial authority is a serious red flag. Regulation is critical as an investor protection mechanism, ensuring that platforms are operated within acceptable legal and ethical parameters.
FCA Warning Issued
Elenox One was an unauthentic brokerage. On 26th March 2025, the UK FCA issued a warning regarding the lack of necessary authorizations in acting by ElenoxOne.
Fake Promises and Manipulative Tactics
Manipulated Trading Screens
ElenoxOne’s trading platform, according to many user reviews available on platforms like Trustpilot, is purely a simulation. Growth and profit are just illusions to create the urge to invest more money.
Fake Withdrawals
At first, the platform initiated small withdrawals to put the user at ease. When larger sums were to be withdrawn, access would be denied, and customer service would be disappeared.
Aggressive Sales Pressure
Victims narrated that they receive phone calls lasting more than one hour almost daily—the so-called “Account Managers” engage in dubious manipulative strategies to extract further deposits by promising outrageous returns of 20-30% every month.
ElenoxOne Review: Real User Experiences
Similarly, the reviews reveal the same disquieting patterns:
- Once you stop trying to pump more funds into your account, that account manager becomes aggressive.
- This company has gone out of business.
- They have blocked me completely from emails, calls, and even their website.
- They stole my money!
Take Action Today
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