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Verify with the source.Wherever possible, information is matched against official registers and primary sources.
When was it checked?We clearly show when each critical piece of data was last checked.
Know the type of information.We classify user complaints, company statements and official records separately.
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HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

Pelican Trading

Investment platform · Cyprus

About the company

Legal company namePelican Exchange Europe (CY) Ltd
Year founded—
Headquarters / registered countryLimassol, Cyprus
Websitewww.pelicaneu.com
Last checked09.10.2026

According to its official website, Pelican Trading is a financial technology company specialising in copy trading; its European services are provided through Pelican Exchange Europe (CY) Ltd in Limassol, which is authorised by CySEC under licence 441/24. The site says that in the Pelican app (iOS, Android and desktop) users connect their own trading accounts and can copy more than 5,000 signal providers, that signal providers can charge copiers performance fees, and that trades can be offset with environmental pledges. The company also says it provides brokers with white label copy trading platforms, API integration and a legal document pack, and that its CySEC licence lets it offer copy trading services across Europe. The CySEC register also shows a MiCA Article 60 notification for crypto-asset services. The site states that Pelican is authorised by the FCA; in the FCA register, however, Pelican Exchange Limited appears only as a former appointed representative of London & Eastern LLP. This information is the company's own statement.

Account Details

ACCOUNT TYPESNot stated
MIN. DEPOSITNot stated
PLATFORMSPelican app (iOS, Android, desktop) · White label copy trading platforms · API
PRODUCTSCopy trading (copying signal providers) · CFDs

Licences and regulation

CySEC (Republic of Cyprus)

Licence no.441/24
Licence holderPelican Exchange Europe (CY) Ltd
ScopeListed in the CySEC register as a Cyprus Investment Firm under Pelican Exchange Europe (CY) Ltd, licence 441/24; licence date 15 Jan 2024. Order reception, execution, portfolio management and investment advice; a MiCA Article 60 notification is also listed.
StatusVerified

User complaints

User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.

Period reviewed: February 2023 – October 2026

  • Account / trading conditions: 4
  • Other: 1

LOW — COMPLAINT LEVEL

77% of institutions with complaint records received more complaints than this one.

BY TOPIC — Account / trading conditions: Low · Other: Medium

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on Pelican Trading's Trustpilot page (5) as of 9 October 2026; one person's reviews count once, and records about fake sites and third parties using the Pelican name are left out. Across the complaints, allegations that copied signal providers' trades quickly wiped out accounts and that maximum drawdown settings were not applied, together with app session and login problems, stand out.

Sources and verification history

Official company sourcespelicaneu.com — homepage, How, Why, Network pages and legal notice (footer)
Regulator recordsCySEC — Pelican Exchange Europe (CY) Ltd, licence 441/24 (cysec.gov.cy)
Company registerCyprus Registrar of Companies — Pelican Exchange Europe (CY) Ltd, HE 426432
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified09.10.2026

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