Company Information

Get to know Grupo Elektra

Founded in 1950, Grupo Elektra is a major company under the umbrella of Grupo Salinas. It operates through two primary business divisions: commercial and financial. The commercial division focuses on retailing electronics, home appliances, motorcycles, and furniture through its vast network of Elektra stores. The financial division, primarily operated through its subsidiary Banco Azteca, provides a wide range of banking and financial services, including consumer credit, personal loans, savings accounts, credit cards, and insurance, often directly within its retail locations. The company's mission is to provide essential goods and financial services to underserved, lower-to-middle-income populations, promoting financial inclusion across Latin America.

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Financial BankingPRIMARY
Financial Other Service

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Grupo Elektra

Mexico

Founded in

1950 (76 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.