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Elite Signals Review (Updated 2024): Is Elie Abou Faissal The Best Day Trading Coach?

By: JosiahJan 12, 2024Stocks and Trading
Elite Signals Review (Updated [year]): Is Elie Abou Faissal The Best Day Trading Coach?

Introduction To Elite Signals Review

Hello and welcome to ScamRisk!

Thank you for dropping by and checking out my Elite Signals review.

Chances are, you're contemplating diving into the world of trading or perhaps seeking a side gig to occupy your spare time. You've probably landed on my site because:

  • Google has bombarded you with Elie Abou Faissal ads during your research.
  • You've come across the concept of trading bots to simplify your life as a trader.
  • Maybe you have a friend engaged in trading but lacks the time to guide you.

No matter how you got here, don't worry. Let's spend the next few minutes (no more than 10) addressing some questions that may be lingering in your mind:

  • What does the program entail after purchase?
  • Who is Elie Abou Faissal?
  • How much does Elite Signals cost?
  • What's the truth behind the Elite Signals scam accusations?
  • Are there alternative programs covering trading in stocks, crypto, or forex?
  • And more!

This isn't the only review I've written on stock trading. I've also checked out countless other trading coaches and programs out there.

My insights are derived not only from meticulous research but also from personal experience—I've made and lost money in trading.

It's a very risky business model, so I evaluate course creators like Elie to check their credibility. If they pass the test, fantastic! However, if they fall short, I will be the first to warn you.

Over the next 10 minutes, I would like to make this your conclusive stop before determining if Elite Signals aligns with your goals.

I'm here to prevent you from investing weeks or months joining a course, shelling out thousands of dollars, only to discover it's one of those dubious programs luring you in with extravagant claims of wealth and opulent lifestyles.

With this in mind, let's have a brief overview and dive into some pros and cons to kick things off...

DISCLAIMER:

This Elite Signals review has been thoroughly researched with information and testimonials that are available to anyone in the public. Any conclusions drawn by myself are opinions.

PROS
  • Elite Signals boasts a free Discord channel with over 49,000 members and a dedicated team of 30+ analysts. This means you can have a community to count on.
  • The Elite Algo offers highly customizable trading signals and indicators, so you can expect enhanced trading accuracy.
  • Both the Elite Algo and Elite Oscillator undergo frequent updates, which means the algorithm stays current. Updates are implemented several times a year.
CONS
  • Effectively trading with Elite Signals necessitates a comprehensive understanding of market dynamics and substantial trading experience. This means you're at a higher risk of financial loss if you're a beginner.
  • Some users have reported delays in receiving signals from the Elite Algo indicator, which might affect the timely execution of trades.
  • The open Discord channel is vulnerable to scammers. Instances have been noted where individuals posing as admins directly message members, charging fees for alleged "updates." This means you should exercise caution to avoid falling victim to such scams.

Why Listen To Us

My name is Josiah, and this is my Dad, Joel.why listen us

Together, we make up the team here at Scamrisk.

If you’ll let me bother you for two minutes, I’d like to quickly explain why I’m even here writing this review.

In early 2020, I had just graduated from college & had no real career prospects.

I knew I was destined for something more, but I had no clue how I was going to make it happen.

I had this sinking feeling in my gut all the time… like the “big man upstairs” had accidentally given me the version of life where I’d be mediocre forever, instead of the one where I was, ya know – happy & fulfilled.

Anyway…

I had fiddled around with some different online businesses in college:

Some random MLMs, a bit of affiliate marketing, a (failed) dropshipping store or two, all the usual suspects.

Even my dad had been involved in MLMs back in the day… selling knives & other random nonsense people (probably) didn’t need.

All I really wanted was to find something that was going to actually work for me.

Maybe those things had worked for others, but for me it all turned up a fat “0” in the bank account department.

So I searched! And searched… and searched… and searched…

And eventually, I somehow stumbled upon a program that promised to help me build an income online (read about it here if you’re curious).

I didn’t really want to be “rich”.

The thought of making a reliable $5K per month & not having to worry about clocking in to a 9-to-5 ever again was all I needed.

Sure, there were people in the program doing high-6 and low-7 figures per year… but that wasn’t what I was out for.

I just wanted to provide freedom for myself, and if I was lucky, take my family along for the ride.

Fast forward a few days and a few phone calls & I was enrolled!

Here’s the first “money making website” I put up:

why listen us gif

I built that site in 2020, and it still makes me $1,500 per month. It’s a basic 5 page website I built based on a template the program provides.

The best part to me? My dad and I get to do it all together!

So between the:

  1. Ease of reaching $5-$10K per month in income online

  2. Straightforward-ness of the system to do it

  3. Fact that I get to do it w/ my family

Is why I recommend local lead generation as my #1 business model for making money online.

Sure, it takes some work and dedication – but anyone that tells you that there’s a business out there that requires no work is selling you a lemon.

I’m not saying you need to sign up for the same program I did, but I would definitely recommend giving the business model a peek!

TLDR - What’s The Verdict On Elite Signals

Verdict On Elite Signals

Elie Abou Faissal asserts that the Elite Algo algorithm from Elite Signals can elevate market prediction accuracy and boost your win rate to an impressive 85%. The bold claim suggests a profitable outcome in 17 out of 20 trades.

But, the world of trading, often likened to gambling, is marked by high stakes. Remarkably successful traders globally typically achieve win rates between 40% and 50%.

The question arises: is Elie's claim of an 85% win rate grounded in reality?

When you trade, whether it's forex, stocks, options, or even crypto, you become vulnerable to market volatility. According to an article in The Economic Times, there's a $350 billion loss in the stock market in 2022. Vanda Research said that there's an average 30% decline in newbie investors' portfolios in the same year.

Faced with such challenges, many traders turn to algorithms to minimize losses and enhance market prediction accuracy.

In the pragmatic realm of trading, the win rate alone lacks significant meaning. What carries more weight is the risk/reward ratio. Trading operates on probabilities, where the default likelihood of a profitable trade is 50-50.

For instance, if you adopt a 1:5 risk/reward ratio, achieving a 50% win rate becomes improbable. This is due to the profit target being five times the distance of your stop, making the probability of closing the trade by stopping higher than reaching the profit target. Interestingly, with this risk/reward ratio, a 30% win rate can still yield substantial profits.

In contrast, trading with a 5:1 risk/reward ratio may result in a high win rate but low profits, ultimately leading to failure in the long run. In effect, Elie's claim of an 85% win rate appears impractical when considering the nuances of trading dynamics and the crucial role played by the risk/reward ratio.

I want to make it clear that I'm not suggesting you're bound to lose money; it's just that you have to understand what you're getting into.

Now, picture a fresh income stream where you don't need to be glued to your phone or charts obsessively. No emotional rollercoaster of losses, waiting desperately for that elusive win, and certainly not glorified gambling. What if there was a system that can make you profit in the first few weeks?

I'm talking about a system that doesn't need bots or complex algorithms, yet it can give you around $2,000 to $10,000 monthly profit. This income stream cab be scaled up or down based on your preference.

Some of my friends are killing it, while enjoying the most pristine beaches of the world! They fly from one country to another, while the money keeps coming in.

If this is something that interests you, consider exploring the world of Digital Leasing.

To catch a glimpse of what's inside Elite Signals, keep reading.

Who Benefits From Elite Signals And Who Should Stay Away From Elie Abou Faissal?

Who Benefits From Elite Signals

You should benefit from Elite Signals if:

  • You're new to trading without a specific type or strategy in mind. With an array of courses covering different trading types and strategies, their 1-on-1 coaching program is designed to swiftly transform beginners into professional traders.
  • You're already seasoned in trading but eager to broaden your knowledge. Elite Signals offers courses spanning crypto, options, forex, and various other trading types.
  • You're a full-time trader aiming to enhance prediction accuracy. Elite Signals provides a specialized trading indicator and signals.

Now, if you're one of the following, you might give Elite Signals a pass:

  • You want a solid refund policy. Elite Signals doesn't offer any refunds in case you change your mind.
  • You're not comfortable with a program that has many scam allegations. These Truspilot reviewers said Elite Signals is a scam and their indicators can't be trusted.
  • You don't believe Elie's claims. An 85% win rate might be challenging to achieve, especially when it comes to trading markets with high volatility.

Elite Signals: 1,000 FT View Of This Online Business Opportunity

1,000 FT View Of This Online Business Opportunity

TitleDescription
ProgramElite Signals
OwnerElie Abou Faissal
PriceStarts at $67.95/mo
Refund Policynone
Origin2019
WebsiteSource

Business Model

Elite Signals is all about the trading business model. In this model, you buy and sell financial instruments, like stocks, currencies, bonds, derivatives, or commodities. The goal? To make a profit by buying low and selling high.

How do you do that? As a trader, you need to engage in financial markets through various platforms and exchanges to make the most of price movements. There are many types of trading strategies, but the most popular are day trading and swing trading. Day trading is where you open and close positions in a day, while long-term investing involves holding the position for an extended period.

You can employ fundamental analysis, technical analysis, or a combination of both to make intelligent calls. As with Elite Signals, they use algorithms as a trading tool to increase the accuracy of their market predictions.

These trading algorithms analyze and make their alerts based on past performances. Some people use automated bots to remove emotion in placing trades. It's always necessary to exercise caution since this business model is risky. Around 90% of traders lose money, based on brokers' studies.

About The Guru - Elie Abou Faissal

Elie Abou Faissal is a seasoned trading mentor, entrepreneur, and the brains behind Elite Signals. He is from Ottawa, Ontario, and Canada. Elie primarily engages in stock and forex trading on TradingView.

In 2019, Elie, alongside his business partner Joseph Zaylah, laid the foundation for Elite Signals. What began as a modest trading group has rapidly evolved into a global community comprising forex and stock traders. The growth has been nothing short of remarkable.

Since May 2018, Elite Signals has notched up an impressive achievement – a cumulative profit exceeding $5.4 million. This remarkable success is a testament to Elie Abou Faissal's expertise and the collaborative spirit that defines the Elite Signals community.

Social PagesNo. of Followers
Instagram1,551 followers
LinkedIn--
TikTok42 followers

How Much Does Elite Signals Cost?

Elite Signals Cost

Elite Signals offers two main pricing options:

  1. Lifetime Fee:
    • A one-time lifetime fee of $795.
  2. Recurring Membership:
    • $149.95 quarterly
    • $67.95 monthly

Additionally, beginners have the option to enroll in 1-on-1 coaching at the following rates:

  • One Session - $149.95
  • Five Sessions - $599.95
  • Ten Sessions - $999.95

What's My Personal Opinion On Elite Signals?

Personal Opinion On Elite Signals

For those following my journey here in ScamRisk, you're aware that I don't just talk the talk. I've ventured into the realm of online money-making programs and come out with some success stories.

This hands-on experience also extends to me looking at other trading programs like Trade With Me Now or My Investing Club.

When diving into the world of online income ventures, negative reviews abound on platforms like Reddit, Trustpilot, the BBB, and even in ad comment sections. The prevalence of negativity is often due to dissatisfied individuals being the most vocal. It's crucial, however, to recognize that a less-than-pleasant experience doesn't automatically categorize the course seller as a scam artist.

Given the murky landscape of online reviews, how does one navigate this space? Here's my strategy for selecting a program like Elite Signals:

  1. Guru's Real-World Experience: Assess whether the guru, Elie Abou Faissal, possesses tangible experience in operating the business they preach.
  2. Supportive Community: Check if the program offers a private Facebook group or coaching to foster a supportive network during the inevitable highs and lows of entrepreneurship.
  3. Value for Money: Look beyond the program's price tag and consider the content provided – videos, assets, templates, and bonuses. It's about the value received, not just the cost.
  4. Transparency on Costs: Ensure the program creator is upfront about ongoing costs and potential upsells for a clear understanding of what's necessary for success.
  5. Peer Success: Examine financial success stories within their private Facebook community. While public opinion matters, it should be weighed alongside the criteria mentioned above to make an informed decision.

Do I Recommend Elite Signals?

Elite Signals Recommendation

Based on the criteria above, here's what I like about the Elite Signals program:

Elie has been into forex and stock trading for many years, so he has some real-world experience in the business model.

Now, here are the things that stop me from recommending Elite Signals to anyone:

  1. Lack of exclusivity in the community. The open Discord community has almost 50k members. These members are not screened, and you may run into some scammers who will pretend that they are from the Elite Signals team.
  2. No refund policy and billing issues. They don't give refunds, and some students even reported that they had problems with continuous billing even if they had already canceled the subscription.
  3. Negative reviews. There are many negative reviews on Trustpilot and Reddit. One major concern is the inaccuracy of the signals provided.

If you're still hell-bent on pursuing trading, you can check out other programs and gurus like:

Dave Aquino - Dave's Advanced 11-Hour Options Trading course wants to help people learn the ropes of trading options for consistent results.

Jeff Bishop - Jeff is an expert trader and the creator of RagingBull.com and Weekly Money Multiplier.

WallStreetZen - This is a stock research platform that uses analyst data and analytics ratings to help you understand why a company's stock price is changing.

Why Are There So Many Elite Signals Scam Allegations?

Elite Signals Scam Allegations

Some students who had bad experiences with Elite Signals went to different public review platforms to express their disappointments. Many of them call Elite Signals as a scam.

These were the major issues that they raised:

  • Not being able to get refunds
  • Inaccurate signals
  • Billing concerns
  • False claims about the win rate

Are these enough reasons to call a program a scam? Well, technically, we can't call it a scam since you're getting something for what you paid for.

I also don't think that Elie Abou Faissal and his team had bad intentions when they created Elite Signals. In fact, I think they've done thorough research and created the best trading algorithm that they could make to give value to the program.

The problem here is trading is risky, with or without signals. It has no guarantee of success. No guru or program can offer you a fail-proof strategy. That's the reality.

I'd prefer channeling those efforts and time into building Digital Rental Properties, reaping a stream of delightful $500-$2,000 checks each month thereafter—a true embodiment of mostly passive income.

What's even cooler is that you can accomplish this in a fraction of the time, and I personally achieved it within my initial two weeks with Digital Leasing. The beauty of this venture lies in its flexibility; you can do this anytime, anywhere. You won't be glued to your phone waiting for trading signals and hurrying to execute the trade.

My friends are running their six-figure Digital Leasing businesses while doing other crazy things like:

  • Parasailing in Copacabana
  • Skydiving in Dubai
  • Raising pigs as pets

They prioritize leading an enjoyable life, letting income follow suit, all thanks to this program.

They can take weeks or months off, and the money keeps rolling in—proof that living happily takes precedence.

If the idea of residing perpetually in your dream vacation spot appeals to you, Digital Leasing might just be your ticket to fulfillment!

What's Inside Elite Signals?

Inside Elite Signals

Once you join Elite Signals, you get a comprehensive toolkit you can use for the dynamic trading world. These include:

  1. Elite Algo and Elite Oscillator: Take advantage of advanced algorithms and indicators for more precise trading execution.
  2. Elite Algo Trading Course: A comprehensive course that will guide you to in-depth knowledge of the recommended strategies.
  3. Elite Price Action Indicator: Never miss a price action with a powerful Elite Signals indicator designed to assist you in navigating price movements effectively.
  4. Forex, Stocks, and Options Signals: As the old adage goes, never put your eggs in one basket. These signals will help you gain some versatility and variety in your portfolio and effectively monitor multiple markets.
  5. Crypto and Futures Signals: Manage erratic price movements in the rapidly evolving crypto and futures markets with targeted signals.
  6. Access to VIP Discord Community: Connect with a community of like-minded traders to share insights, wins, and losses.
  7. Real-Time Alerts: Stay informed with real time trading signals, keeping you ahead of market news, price dips, and global market trends.
  8. Lifetime Updates: Continuous improvements and updates ensure that you stay at the forefront of trading technology.

For those embracing the Lifetime + membership, you receive all the aforementioned features, plus free coaching and onboarding, providing an extra layer of personalized support to elevate your trading experience.

Conclusion: Should You Hop On Elite Signals?

Remember when I said earlier that I'd be the first to warn you if the program falls short?

You bet I'm keeping that promise! Elite Signals may have the most advanced trading tools, but no matter how fancy they present it, I'm not buying it.

I had the chance to try and test various trading algorithms myself and worked with developers to make it foolproof. Everything was going well, and it was bringing in thousands of dollars on autopilot. Until one day, the market shifted in an uncorrectable way for the algorithm, and everything went bloody RED!

Since I'm not a quitter, there were many times I tried to recover but still got burned in the end. Trading is risky, and no amount of analysis and stop losses can prepare you for unforeseen things you can't control.

This was one of the most costly lessons I had to learn, and if I could help you not to make the same mistakes, then it's all worth it!

Today, I'd rather play it safe and go for a program that has plenty of successful students. Digital Leasing is not rocket science, but it's steady and consistent, and you get to help local business owners.

The best part? It gives me a mostly passive income stream, month after month, without all the stress I used to get in trading.

What Is My Top Recommendation For Making Money Online In 2024?

Digital Leasing

I’ve personally tried all of the major online business models:

  • I’ve traded forex and invested in a bunch of fancy algorithms
  • I’ve sold fidget spinners through Amazon FBA
  • I’ve drop-shipped a toilet-bowl putting green on Shopify
  • I’ve sold women’s health supplements via Clickbank affiliate marketing

And I made money with all of them, so trust me when I say: there is no “perfect” business model.

That being said, my #1 recommendation for making real money online is, hands-down: Digital Leasing.

Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, Digital Leasing is for you. 

Why?

1)Time: In trading, you need to dedicate time for trading hours and might need to stay up late when you join the overseas sessions. Aside from the actual trading, you need to set up your charts, do your analysis, watch the news, etc. You have to be all in, day after day, to the point that all you see are candlesticks, even if you close your eyes.

That's why I love the flexibility that Digital Leasing offers.

If you’ve got a spare hour-or-two each day, you can do this. If you want to drop everything and go all-in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.

And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.

That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.

But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.

2) You Own & Control EVERYTHING: When it comes to trading, nothing is in your control. You have zero influence over significant market events and trends, even if you have the finest and most advanced indicators.

The number of people that have ACTUALLY beat the market consistently can be counted on one hand.

Why pour your soul into a business that you realistically have zero control over?

With Digital Leasing, you literally own all of the assets, which means you have ultimate control.

3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…

If you wanted to double your income in the markets, you would need to make twice as many profitable trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call.

4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself. There is a loser on the other end of that trade.

But when you’re talking about Digital Leasing, you’re helping solve REAL problems that people are ASKING for help with:

Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to be really happy - and they’re going to pay you for it.

You’re helping a struggling mother or father put FOOD on the table for their families, put their kids through college, or simply live life a little bit more comfortably.

Having this type of impact on the world is what will help you sleep soundly at night.

So, the rest is up to you. You could keep looking at other programs like Elite Signals, which might make you money if you luck out.

You could keep researching and researching for the next few months (or few years), never making a concrete decision.

OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.

Making a fortune while actually helping real people that need it.

If this sounds like you, click here to see how it all works.

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