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Elland Road Capital Review: Is It Safe To Invest With This Broker?

Elland Road Capital Review

The official ownership of this trading brand belongs to Elland Road Capital PTY LTD. It’s a firm registered in South Africa in 2022. Even though regulation exists, the company still has some big flaws.

The facts you will reveal in this Elland Road Capital review can make you wonder if any company is legitimate. But yes, there are legitimate firms, and you just have to know where to look.

Company type Active FX and CFD trading company
Legal name Elland Road Capital PTY LTD
Regulation Regulated
Registered in South Africa
Established 2022
Website Ellandroadcapital.com
Financial Authorities Warnings No official warning
Contacts e-mail, phone, live chat, web contact form
If a withdrawal is possible Potential issues expected
Fees Spreads from 28 units (unclear which ones)
If Active on Social Media: Yes – Facebook, Instagram, Twitter
Investor Protection: None
Activity areas India, Turkiye, Switzerland, South Korea, Brazil
Main threats Extremely high leverage; high spreads; untrusted trading software; numerous negative reviews;
Main perks Licensed by the FSCA;

Is The Company Regulated and Safe?

To be fair, Elland Road Capital trading should be safe, considering their FSCA license. However, this license doesn’t include some strict requirements that FCA, BaFin, or ASIC-regulated brokers have. Consequently, you won’t have maximum protection. But firstly, compensation schemes or segregated bank accounts for deposits.

On top of that, the maximum leverage allowed by different regulators tells you the key difference. Also, Elland Road Capital PTY LTD reviews.

What Do Other Traders Think?

Searching for the company’s domain ellandroadcapital.com brings you the first Trustpilot reviews. Sadly, the percentage of negative reviews is huge for a regulated firm. Out of 110 comments, more than 55% are negative ones.

Unfortunately, many of these complaints contain withdrawal issues. But also a lack of adequate support from the company and an unprofessional approach. To see the difference between this and a Tier 1 licensed firm, check our FXCC review.

Platforms Available With Elland Road Capital

If you expect some sophisticated technology from this company, you can forget it. Generally, trusted brokerages tend to offer third-party solutions, such as MetaTrader, cTrader, or DAX Trader PRO. Primarily because these tools can’t be manipulated. In fact, that’s exactly one of the issues mentioned in the Elland Road Capital reviews.

Instead, this investment company offers a web-based platform regardless if you are using a desktop or mobile device. This is a huge problem for anyone using advanced strategies. But also for ones implementing scalping and hedging methods.

Trading Conditions Applied

One of the first problems you notice about this brokerage is the leverage. While FCA-regulated firms offer 1:30, this brokerage gives traders leverage of up to 1:400. Without negative balance protection, your balance can be wiped off in the blink of an eye. Consequently, you can get into debt. Luckily, with this company, you can only lose what you invested, but very quickly.

In addition to that, the company promotes spreads starting from 28. Yet, if the metric is pips, this is insane. However, without access to the platform, it’s hard to prove any of these. But in the account types, we could find the basic spread starts from 2.5 pips. Still, too much compared to Tier 1 licensed firms. On top of all, they don’t even reveal any commissions. Fairly, too many things to worry about.

Account Types Comparison

In general, the company offers five different account types. However, none of these reveal any significant benefits. Surprisingly, they don’t even reveal what are the minimum requirements for any of those.

In fact, the only difference is in the account overview, which has dedicated junior and senior account managers in different stages. Important to realize is that only the Classic account doesn’t include swap discounts. For detailed numbers, you can check the company’s swap rate list.

What Are Available Trading Instruments?

Overall, the company covers a wide range of tradeable assets. In general, something that every trader dreams about. Consequently, you won’t lack options to invest in. But whether you will make money with their service and conditions remains a question. Anyway, the offer includes:

  • Forex – USD/JPY, AUD/HKD, EUR/USD
  • Commodities – gold, platinum, silver
  • Indices – ASX 200, S&P 500, DAX 30
  • Shares – Amazon, Walt Disney, American Airlines
  • Cryptos – BTC, ETH, XRP

How To Withdraw The Funds With Elland Road Capital?

Generally, with top-tier licensed firms, traders don’t have any requirements to meet for a withdrawal. Yet, the client’s agreement with Elland Road Capital has a vast of it. In addition to that, there’s a bonus policy that might prevent you from getting the funds out.

Also, the company claims to have applicable withdrawal fees. However, those are not disclosed. So, if you take a closer look at their home page, you’ll see a note saying there are no hidden fees. After all, the reviews about this broker might be reliable. To see how it should be done, make sure to check our TIO Markets review.

Customer Support Availability

One of the positive things about this brokerage is the customer service. At least the options to contact them and 24/7 availability. Traders can reach them via e-mail, phone, and live chat. But also, there might be some other options once you become their client.  Thus, considering all the negative reviews, it might be that the support is not helpful when it comes to withdrawals.

How Can I Make Money While Trading Online?

One of the first things traders must look for is a legitimate firm. It doesn’t matter what tools or knowledge trader has if they will end up without their profits. In general, licensed firms should be reliable. But not every company follows the rules. Therefore, we suggest traders always pick top-tier licensed companies.

However, for maximized results, traders also need to have adequate tools. Learning how to trade can take years until you are profitable. That’s why many traders switched to AI tools. For example, AI Analysis Tool which helps them make decisions like a pro.

With this AI, you can compare historical data and patterns to live pricing and combine them with technical indicators to get precise market forecasts. Once you start using these tools to analyze the market, everything changes. But still, you are in control of the money! If you are sick of pressure from market specialists and persuasions, get in touch with us. Discover the unmatching potential of AI Analysis Tool.

FAQ Section

What is Elland Road Capital?

Elland Road Capital is a South African FX and CFD brokerage active since 2022 with proper regulation by the FSCA.

Who is the Owner of Elland Road Capital?

The ownership of this trading brand belongs to the Elland Road Capital PTY LTD with the FSP number: 52127.

What is the Minimum Deposit of Elland Road Capital?

The minimum deposit requirement matches the industry average of $250. Compared to some tier 1 licensed firms, that’s way above the necessary.

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