Elysium Capital has knowledgeable traders it has closed its buying and selling accounts.
In an electronic mail despatched out to traders, Elysium Capital blamed its dealer Fairness Group.
Elysium Capital named Fairness Group as its buying and selling dealer mid final 12 months.
Supposedly Elysium Capital makes use of Fairness Group to run its buying and selling bots by means of, which in flip generates exterior income to fund returns.
Naturally there’s no proof of Elysium Capital having buying and selling bots or producing exterior income of any variety.
As per a Might seventeenth despatched out by “EA Desk”;
Pricey Shopper,
We’ve once more detected errors from the third half [sic] brokerage Equiti and have halted buying and selling to guard property as a lot as potential.
We’ve simply obtain a message from Equiti that they’re investigating.
We are going to maintain yhou knowledgeable and shortly you may count on a full report on particulars.
The next day one other electronic mail was despatched out, detailing the buying and selling account closures.
Please observe there was no different possibility than closing the accounts to stop additional draining of the accounts and preserving the remaining capital.
We perceive you’re nervous however please know we’re doing every little thing in our energy to resolve this as quickly as potential with Equiti.
Other than the previous 2 weeks Equiti Friday technical subject [sic], we observed that the Equiti accounts had been diverging rather a lot compared with our different accounts of different brokerages, although they’ve the identical setup.
So the motion of the fairness on our accounts was at all times extra destructive for the Equiti accounts.
A bit may very well be potential as a result of excessive spreads and swaps for Equiti, however a distinction this large isn’t frequent.
As I perceive the problem stays unresolved.
Within the meantime Elysium Capital has transitioned to crypto fraud. The corporate nonetheless pretends to generate exterior income by way of crypto buying and selling.
Elysium Capital purportedly trades cryptocurrency by means of the dealer MultiBank.
Elysium Capital proprietor Fred Stege can also be now promoting crypto buying and selling indicators, full with a referred compensation plan (evaluation pending).
Replace twenty second July 2021 – BehindMLM revisited Elysium Community for an up to date evaluation in July 2021.
Replace 14th August 2021 – Equiti Group has disputed Fred Stege blaming them for Elysium Community affiliate losses.