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Ellipsys Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-29 17:11

Abstract：Ellipsys is a financial services business based in Mauritius that is unregulated. It offers a variety of trading products, such as CFDs, currencies, futures, indices, and commodities. The business gives customers access to well-known trading systems like MetaTrader 4 and VertexFX 11.

Ellipsys Review Summary
Founded	1999
Registered Country/Region	Mauritius
Regulation	Unregulated
Market Instruments	CFDs, Currencies, Futures, Indices, Commodities
Demo Account	✅
Leverage & Spread	Not mentioned
Trading Platform	MetaTrader 4, VertexFX 11
Min Deposit	Notmentioned
Payment Methods	Visa, Mastercard, American Express, Union Pay, Wintech
Customer Support	Phone: +44 2032874433 (via Skype)
	Email: info@elpmarkets.com
	24/7 Online Chat: Yes
	Physical Address: Level 6 Ken Lee Building, 20 Edith Cavell Street, Port Louis, Mauritius

Ellipsys Information

　　Ellipsys is a financial services business based in Mauritius that is unregulated. It offers a variety of trading products, such as CFDs, currencies, futures, indices, and commodities. The business gives customers access to well-known trading systems like MetaTrader 4 and VertexFX 11.

Pros and Cons

Pros	Cons
Multiple trading platforms (MT4, VertexFX 11)	No leverage
5 payment methods	High spread can reach 60 pips
No minimum account size
0 commission

Is Ellipsys Legit?

　　Ellipsys is an unregulated exchange.

What Can I Trade on Ellipsys?

　　Ellipsys provides 50+ currency pairs, indices, commodities, and futures to its users.

Tradable Instruments	Supported
CFDs	✔
Currencies	✔
Futures	✔
Indices	✔
Commodities	✔
Stocks	❌
Cryptocurrencies	❌
ETFs	❌

Account Types

　　Ellipsys has two types of accounts: Demo accounts and Live accounts.

　　The demo account is available for free practice.

Account Name	Min. Deposit	Key Features	Suitable for
Demo Account	No deposit	Free practice, 24-hour support, market research tools	New traders practicing strategies
Live Account	No minimum account size	Access to award-winning platforms, low margin, dedicated manager, 24/7 support	Retail and corporate traders

Ellipsys Fees

　　Ellipsys offers both fixed and variable spreads depending on the asset class, with spreads starting from 2 pips for major currency pairs. It doesn't ask for any commission.

Product Type	Typical Spread
Metals	40-60 pips
Energy	40-50 pips
Indices	8-75 pips
Currencies	2-8 pips

Trading Platform

　　Ellipsys offers 2 types of trading platforms to users.

Trading Platform	Supported	Available Devices	Suitable for
Zen Trader - MetaTrader 4 (MT4)	✔	Web, Mobile	Beginner to experienced traders
Zen Pro - VertexFX 11	✔	Web, Desktop	Intermediate to advanced traders

Deposit and Withdrawal

　　Ellipsys supports various deposit and withdrawal methods, including credit cards and third-party payment solutions. No fees are mentioned for deposits or withdrawals.

Deposit Options	Min. Deposit	Fees	Processing Time
Visa, Mastercard	No minimum account size	None	Instant
American Express	No minimum account size	None	Instant
Union Pay	No minimum account size	None	Instant
Wintech	No minimum account size	None	Instant