Elland Road Capital Broker Review

Elland Road Capital is a South African broker offering forex and CFD trading on various markets, including cryptocurrency, commodities, shares, and indices. The broker is regulated by the Financial Sector Conduct Authority (FSCA) and FSP.

It offers leverage of up to 1:400. Elland Road Capital also has a demo account. Traders get virtual $10,000 in their demo account to try out the platform's features and test their trading strategies.

Base currencies include EUR and USD. In addition, the broker offers 24/5 customer support in 19 languages. The Elland Road Capital trading platform is available as a MetaTrader 4 (MT4) download and a proprietary web-based platform. The broker also has mobile trading via MT4.

Cryptocurrency CFDs are available to trade with Elland Road Capital. The broker offers BTC/USD, ETH/USD, LTC/USD, and XRP/USD pairs. In addition, the broker offers multiple trading accounts, making it convenient for traders of all experience levels.

Broker Safety Information

The broker is a member of the Financial Sector Conduct Authority (FSCA), which means it is authorized to provide financial services in South Africa. They've implemented all essential security measures to ensure your personal data and money are safe.

The broker also offers negative balance protection in which traders cannot lose more money than they deposit. It is a valuable safety feature, especially for beginners who are still learning how to trade and manage their risks.

Another safety feature is that the broker uses segregated bank accounts to keep client funds separate from its operating funds. It protects your money in case the broker becomes insolvent. list of licenses and regulations

Fees information

The overall fee structure of Elland Road Capital broker is transparent and reasonable. The primary source of fees is the spread, which is the difference between the bid and asks the price of a currency pair.

The average spread on major currency pairs is around 0.9 pips (on their VIP account), which is relatively low compared to other brokers. They don't charge anything for deposits, regardless of the method used to fund your account.

Withdrawals, on the other side, are not free, and they charge a nominal fee to process the requested fund transfer. For example, the broker charges 3.5% on Credit Card, Debit Card, Prepaid Card, and Ewallets, and $30 for wire transfers.

In addition, they also charge an inactivity fee of $80 if the account remains inactive for more than 30 days. They have a monthly maintenance fee of $10, covering the costs associated with keeping the account operational.

Lastly, they charge swap fees or overnight fees for positions that are kept open after the markets close. This is a standard industry practice, and it's not something we consider to be a problem.

Spreads information

The average spread on this platform is 0.9 pips on its VIP account, which is low compared to its competitors in the market. On their other accounts, the spreads start from 1.8 pips.

The main source of this broker's fees is the spread. The spread is the difference between a currency pair's ask and bid price. The asking price is the price at which you can buy a currency pair, and the bid price is the price at which you can sell it.

Elland Road Capital broker offers floating spreads which means that they can change according to the current market conditions. The benefit of floating spreads is that they can be narrower during periods of low market volatility and broader during periods of high market volatility.

On their Classic account, the spreads are 2.5 pips for EUR/USD, 2.8 pips for GBP/USD, 2.8 pips for USD/JPY, and $0.14 for crude oil.

The overall spreads structure is competitive and in line with what other brokers in the industry are offering

Swap fee datails

This broker charges swap fees or overnight fees for positions that are kept open after the markets close. Swap helps traders to extend their position overnight without having to pay the total price for the asset.

The swap fee is the charge that is applied to your account when you keep a position open overnight. The amount of the fee will depend on the interest rates of the currencies involved in the trade and whether you are long or short.

If you are long, you will be charged the difference between the interest rates of the two currencies. If you are short, you will be charged the difference between the interest rates of the two currencies minus the broker's commission.

The broker also offers a swap discount period on their Gold and VIP accounts. In addition, they offer a margin call of 100% and a stop-out level of 20% on all accounts.

In our Elland Road Capital review, we found that their swap fee structure is transparent, and it helps traders to extend their position overnight with ease.

In our Elland Road Capital review, we found that they've implemented robust security measures like SSL encryption to ensure your personal data is safe. So overall, we consider the broker to be safe and reliable.

In addition, the broker has also implemented AML (anti-money laundering) and KYC (know your customer) policies to prevent fraud and money laundering.

AML helps to identify, monitor, and report suspicious activity to the relevant authorities. KYC, on the other hand, is a process of verifying the identity of customers. Both of these policies help to make sure that the broker is operating safely and legally.

Deposit and withdrawal options

The minimum deposit amount with Elland Road Capital broker is $250, which is relatively low compared to other brokers in the industry. Additionally, you can fund your account via Credit Card, Debit Card, Wire Transfer, and APMs.

The withdrawal process is relatively fast, and they will process your request within 3-5 business days. In addition, the broker doesn't charge any deposit fees, regardless of the method used to fund your account.On the other hand, traders need to pay a variable fee for withdrawals depending on the method used. The form of withdrawal should be the same as your method of deposit.

Wire transfer is the most common method used by traders to withdraw their funds, and the broker charges a flat fee of $30 for this method. In addition, Credit Card, Debit Card, Prepaid Card, and Ewallets attract a 3.5% fee on the withdrawn amount.

Both deposit and withdrawal methods are highly-secure as the broker uses the latest 128-bit SSL encryption to protect all your personal and financial information.

In addition, traders don't need to worry about the safety of their funds as they are stored in segregated accounts with leading banks. Funding Methods

Tradable markets

The broker offers multiple markets for trading, including Forex, Cryptocurrencies future, Commodities, Shares, and Indices. So, let's look at all tradable markets available on Elland Road Capital:

Forex

You can trade over 50 currency pairs on the broker's platform. The most popular pairs are EUR/USD, GBP/USD, USD/JPY, and AUD/USD. You can trade on leverage up to 1:400 and enjoy tight spreads starting from 0.9 pips. Traders can enjoy efficient forex trading with its tight spreads and fast order execution.

With MT4 and the broker's proprietary web-based trading system, you can trade forex with ease. In addition, the broker also supports MT4 mobile trading apps so that you can trade on the go. Overall, forex traders can enjoy a great trading experience with this broker.

Cryptocurrencies future

The broker offers to trade in Bitcoin, Ethereum, Litecoin, and Ripple. In addition, you can trade on leverage up to 1:2 and boost your potential profits. Cryptocurrency futures are exciting instruments as they are highly volatile.

You can take advantage of both rising and falling markets with cryptocurrency futures. The broker's platform is user-friendly, and you can easily place your trades. You can also monitor your positions and manage your risk with the stop-loss and take-profit orders.

Commodities

You can trade precious metals like gold and silver as well as energy commodities like crude oil and natural gas. Commodity futures are popular among traders as they offer the opportunity to take a long or short position in the market.

With commodity futures, you can trade on leverage up to 1:100 and enjoy a low commission of $0.14. Commodity trading is prevalent on the Elland platform because of its user-friendly interface and competitive trading conditions.

Shares

The broker offers CFD trading in over 160 CFD assets from popular companies such as Apple, Facebook, Google, and Amazon. You can trade on leverage up to 1:20 and take advantage of tight spreads starting from 0.1 pips.

The CFD trading platform is user-friendly, and you can easily place your trades. With MT4, you can also trade shares on the go. Overall, the broker provides a great trading experience for share CFD traders.

Indices

You can trade CFDs on major indices such as S&P 500, NASDAQ 100, and Dow Jones 30. Indices are popular among traders as they offer the opportunity to trade on the performance of the overall market.

Indices trading is prevalent on the Elland platform because the market is highly liquid, and you can take advantage of tight spreads starting from 0.9 pips. You can also trade indices on leverage up to 1:100.

To sum up, the broker offers its clients a great variety of tradable markets. You can trade forex, cryptocurrencies, commodities, shares, and indices on the broker's platform. Moreover, the trading conditions are competitive, and the platform is user-friendly.

Leverage information

The broker offers leverage up to 1:400 for forex trading. It is a high leverage ratio, and it is suitable for experienced traders. The broker also provides leverages up to 1:200 for commodities and 1:5 for shares.

For example, if you have $250 in your trading account with a leverage of 1:400, you can trade up to $100,000. This high leverage ratio can help you make big profits, but it can also lead to big losses.

You can use stop-loss orders to limit your losses. Overall, the broker offers competitive leverage ratios for its clients.

Trading platform options

Elland Road Capital offers the MetaTrader 4 (MT4) platform as well as a proprietary trading platform. The MT4 platform is one of the most used forex trading platforms in the world and is known for its ease of use and advanced features. The proprietary platform is a web-based platform that is designed specifically for Elland Road Capital clients. It has a user-friendly interface and is packed with features that allow for easy and efficient trading. Let's look into all trading platforms in detail:

MT4

When it comes to trading, MetaTrader 4 is hard to beat. It's one of the most used forex trading platforms in the world and is popular for its accuracy and advanced features.

MetaTrader 4 is a desktop platform that can be downloaded and installed on your computer. It's available for Windows and Mac. Moreover, traders can also access MetaTrader 4 via the web or mobile apps.

The desktop platform is the most comprehensive and advanced platform offered by MetaQuotes Software. It offers a wide range of features, including:

Advanced charting tools

MetaTrader 4 offers a wide range of charting tools that allow traders to conduct technical analysis. Charting tools are those that help traders identify trends, support and resistance levels, and potential entry and exit points. Some of the advanced charting tools offered by MetaTrader 4 include multiple timeframes, advanced chart types, and more than 50 built-in technical indicators. Moreover, with these tools, traders can create and test their custom indicators and expert advisors (EAs).

A wide range of technical indicators

Technical indicators help traders to identify trends and make trading decisions. MetaTrader 4 comes with more than 50 built-in technical indicators that can be used for conducting technical analysis.

Some of the popular indicators available on MetaTrader 4 include moving averages, Bollinger Bands, MACD, RSI, and more. Moreover, traders can customize these indicators according to their preferences and create custom indicators.

Advanced trading orders

MetaTrader 4 offers a wide range of advanced trading orders that allow traders to take full control of their trading. With these orders, traders can set stop-loss and take-profit levels, as well as limit their losses.

Some advanced trading orders offered by MetaTrader 4 include trailing stops, limit orders, and pending orders. Moreover, traders can also use hedge orders to hedge their positions.

Highly customizable interface

MetaTrader 4 offers a highly customizable interface that can be customized according to the trader's preferences. Traders can customize the platform to suit their own trading style and needs.

Some of the things that can be customized on MetaTrader 4 include the layout of the interface, the color scheme, the font size, and more. In addition, traders can also create their own custom indicators and EAs.

Real-time push notifications

MetaTrader 4 offers real-time push notifications that allow traders to stay updated with the latest market news and events. With these notifications, traders can receive news and updates from MetaQuotes, as well as from third-party sources.

In addition, traders can also set up price alerts and receive notifications when the price reaches a certain level.

Elland Road's advanced Web Trading Platform

The proprietary platform is a web-based platform that is designed specifically for Elland Road Capital clients. It has a user-friendly interface and features that allow for easy and efficient trading. Some of the key elements of the Elland platform include:

Access all 160+ available CFDs

The platform gives you access to all the CFDs that are available for trading on Elland Road Capital. This includes forex, cryptocurrencies, commodities, shares, and indices. With this wide range of assets, you can find the perfect opportunity to trade.

Free trading analysis tools

The platform comes with a range of free trading analysis tools that can be used to help you make better trading decisions. These tools include technical indicators, charts, and more. With these tools, you can conduct technical analysis and find trading opportunities. These tools are accurate and easy to use.

Three clicks transactions

The platform allows you to make transactions with just a few clicks. This makes it easy and convenient for you to trade. Moreover, the user-friendly interface makes it easy to navigate and find the features you need.

Stop loss and take profit calculators

The platform comes with stop loss and takes profit calculators that can be used to help you set the correct levels for your trades. With these calculators, you can make sure that your trades are profitable.

Record of transactions

The platform keeps a record of all your transactions so that you can track your progress. This is a valuable feature, as it allows you to see how well you are doing and where you need to improve.

Available accounts

Classic

The Classic account is the entry-level account of Elland Road Capital, and it requires a minimum deposit of $250. This account gives you access to leverage of up to 1:400, spreads from 2.5 pips, and the ability to trade all instruments. The margin call is 100%, and the stop out is 20%. The minimum volume per trade is 0.01, and the maximum is 50. In addition, negative balance protection is available with the Classic account.

Silver

Silver is the second account and it offers all the features that are in the Classic account. The minimum deposit for Silver account is $250 and the maximum leverage available is 1:400. The spreads at the Silver account starts from 2.5 pips and traders have access to all instruments.

Gold

The Gold account is the next level up from the Classic account. This account gives you all of the same features as the Classic account, but with some added benefits. With this account, you get a monthly full account overview, as well as the ability to trade with swaps discounts. The spreads start from 1.8 pips, and you also get swaps discount periods.

VIP

The VIP account is the top account offered by Elland Road Capital. Spreads start from 09 pips, making it the most competitive account provided. You also get all of the features from the other accounts, including access to leverage of up to 1:400, the ability to trade all instruments, negative balance protection, and more. The VIP account also gives you a dedicated account manager.

How to open your trading account

Follow the below steps to open a trading account:

• Visit the website and click on "Create a new account."
• Enter your email address, and you'll receive an email to verify your email to complete the signup.
• Click the link in the email sent to your inbox to confirm your email.
• This will bring you back to the Elland Road Capital website to create a password.
• Start trading with virtual funds, or create a real account to make a deposit.

Customer support

Elland Road Capital offers 24/5 customer support in 19 languages. You can reach customer support through live chat, email, or phone. Our review found that the broker's customer support team is very responsive and prompt to help.

Elland Road Capital broker in a nutshell

Elland Road Capital is a new broker that offers a wide range of tradable instruments, including forex, cryptocurrency futures, commodities, shares, and indices. The broker is regulated by the FSCA and offers leverage of up to 1:400.

In addition, Elland Road Capital offers four different account types to choose from, each with its own set of benefits and features. The platform provides excellent flexibility, with the ability to trade on MT4, as well as a proprietary trading platform.

Overall, Elland Road Capital is a good choice for those who are looking for a new broker with a wide range of features and benefits.

FAQs

What is the minimum deposit?

The minimum deposit is $250.

What is the maximum leverage offered by them?

The maximum leverage offered is 1:400.

Does it offer a demo account?

Yes, Elland Road Capital offers a demo account with $10,000 virtual cash.

Is this broker regulated?

Yes, it is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and FSP.

What are the deposit methods at Elland Road Capital?

The deposit methods at Elland Road Capital include wire transfers, credit/debit cards, and APMs.

What are the withdrawal methods available with this brokeer?

The withdrawal methods are similar to the deposit methods, including wire transfer, credit/debit card, and APMs.

How do I open an account with this broker?

You can open an account by filling out the online registration form on the broker's website.

Does the broker support MT4 and MT5?

Elland Road Capital supports MT4 and its proprietorship web-trading platform.

What are the spreads at this broker?

The spreads start from 0.9 pips.

What is the minimum trade size?

The minimum trade size is 0.01 lots.

How to contact their customer support?

You can contact customer support by phone, email, or live chat.

Do they offer educational content?

Yes, it offers educational content such as blogs, and market updates.

Can US residents open accounts at Elland Road Capital?

No, US residents cannot open accounts at this broker.

How can I change my password?

You can change your password by logging into your account and going to the "Profile" section. Then, click on the "Change Password" button.

What account types do they offer?

It offers three account types: Classic, Silver, Gold, and VIP.