The Elite CurrenSea (ECS) acts as a portfolio manager offering management of client funds on a profit-sharing basis. They call this the high-yielding Flag Method. They promise high returns of up to 17% per month. To this end, they work as an introducing broker with regulated and unregulated offshore brokers. The operator is SonderSpot OÜ, registered in Estonia. ECS works with VTMarkets, RannForex, or Exness with Elite CurrenSea. We have assigned an Orange Compliance rating.
Key Data
| Trading name | Elite CurrenSea ECS SonderSpot |
| Related brokers | VTMarkets (offshore) RannForex (offshore) Exness (regulated) |
| Activity | Online portfolio manager |
| Domains | https://elitecurrensea.com https://sonderspot.com |
| Legal entity | SonderSpot OÜ |
| Jurisdiction | Estonia |
| Related individuals (founders) | Mykyta Barabanov (LinkedIn) Chris Svorick (LinkedIn) Nenad Kerkez (LinkedIn) |
| Authorization | No |
| Compliance rating | Orange |
Short Narrative
ECS develops automated and discretionary trading solutions for retail and institutional clients. They also claim to run money management services via their institutional partners and organize workshops and seminars. The scheme has been founded by Mykyta Barabanov, Chris Svorick, and Nenad Kerkez, a/k/a Tarantula. The latter is also a mentor and educator at the offshore broker scheme XM Global via his Top-XE (www.top-xe.com).
The Elite CurrenSea website claims that its Portfolio Flagship would be “managed by certified fund managers with 10+ years of multifaceted trading experience and aimed at investors looking for a well-balanced, high yielding approach, as well as diversification from a traditional investment in bonds, equities, ETFs, active/passive funds.” In the website’s small print, however, you can read that Elite CurrenSea is not a financial company but a financial education site.
We consider these statements on the website contradictory. Either the experienced and certified ECS portfolio managers are now managing client funds, or they are not. Maybe by experienced people, ECS means those traders at brokers they are following through PAMM accounts.
We have given Elite CurrenSea an Orange Compliance Rating because of the unclear regulatory situation and the generous return commitments.
Share Information
If you have any information about SonderSpot, Elite CurrenSea, its operators, and its facilitators, please let us know through our whistleblower system, Whistle42.
