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ELAN FINANCIAL -

Score

1.58 /10
Danger

ELAN FINANCIAL

United Kingdom

Absconded

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

United Kingdom Investment Advisory License Revoked

Suspicious Overrun

High potential risk

http://www.99elon.com

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Comparison

Quantity 10

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.54

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

ELAN FINANCIAL GROUP LIMITED

Company Abbreviation

ELAN FINANCIAL

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2024-12-22
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Absconded list. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

ELAN FINANCIAL

United Kingdom

WikiFX Verification

Exposure

10 pieces of exposure in total
Pyramid scheme complaint
Expose
Resolved

ELAN FINANCIAL is a scam. Police officers should capture them!

Get them!

2018-07-30 21:47
Unable to Withdraw

I can’t withdraw. Their shut the platform.

I found basically not much negative comments on the Internet about them. I can still access their website, but I just can’t withdraw.

2018-08-21 01:09
Unable to Withdraw

I can’t withdraw

Their platform is down, but the website is still accessible. All their people is missing. How can I recover my loss?

2018-09-15 01:30
Resolved

Unable to withdraw in ELAN FINANCIAL

The withdrawal in ELAN FINANCIAL hasn’t been received yet.No one answers the service line.

2018-07-20 21:37
Unable to Withdraw

The Yilong platform is out of contact.

Innocents,don’t be cheated.No one deals with the deposit and withdrawal.So sad.

2018-07-20 00:59
Unable to Withdraw

Unable to withdraw in ELAN FINANCIAL

When I logged in ELAN FINANCIAL today,I found that the withdrawal was unavailable.I contacted them by QQ,no one responded,as well as the customer service line.

2018-07-24 03:00
Unable to Withdraw

The withdrawal in ELAN FINANCIAL hasn’t been received.

The customer service disappeared.I am so sad for having traded for more than 2 years.Does the credit exist in the society?

2018-07-19 21:58
Unable to Withdraw

Can’t withdraw on ELAN FINANCIAL

I’ve got all my family fortune in it. They won’t let us withdraw. My QQ number is 1004523945.

2018-08-19 03:06
Unable to Withdraw

ELAN FINANCIAL has absconded.Unable to withdraw.

ELAN FINANCIAL has absconded.Unable to withdraw.Is there any reliable Future platform?

2018-07-20 17:56
Scam

A fraud platform

More than a year ago, ELAN FINANCIALI cheated me of nearly 300,000, which were partly saved from my salaries and partly lent from my credit cards, making me break the bank. But the platform is still on the run. I am so worried about my money. Those cheaters deserve a gruesome death.

2019-08-09 21:42
    ELAN FINANCIAL · Company summary
    ELAN FINANCIALReview Summary
    Founded2003
    Registered Country/RegionUnited Kingdom
    RegulationAbsconding by United Kingdom
    Market InstrumentsForex (22 major currency pairs), Spot Gold, Spot Silver
    Demo AccountYes
    LeverageUp to 1:500
    SpreadStandard: Starting from 0.1 pips for EUR/USD,Islamic: Starting from 0.1 pips for EUR/USD,ECN: Starts from 0.0 pips
    Trading PlatformMetaTrader 4
    Min Deposit$100
    Customer SupportQQ: 800005651
    Email: info@99elon.com

    ELAN FINANCIAL Information

    ELAN FINANCIAL is based in the United Kingdom and was founded in 2003. This broker offers kinds of tradable assets, including real-time access to 22 major currency pairs and precious metals such as gold and silver. It also provides leverage up to 1:500 and two account types to choose.

    Pros and Cons

    ProsCons
    Offers various trading assetsExceeded FCA regulations
    Provides several account types for investors to chooseLimited Security Measures on Trading Platform
    Offers a competitive leverage of 1:500
    Provides MetaTrader 4 trading platform

    Is ELAN FINANCIAL Legit?

    ELAN FINANCIAL is revoked. Its License number is No. 489701. Traders should be cautious and consider alternatives when trading.

    Is ELAN FINANCIAL Legit?

    What Can I Trade on ELAN FINANCIAL?

    ELAN FINANCIAL offers kinds of trading assets to satisfy the different needs of different traders.

    Foreign Exchange (Forex):

    ELAN FINANCIAL provides 22 major currency pairs. This includes many trade currency pairs such as EUR/USD, USD/JPY, GBP/USD, AUD/USD, and NZD/USD, providing traders with different exposure to the global economy.

    Spot Gold and Silver:

    In addition to Forex, ELAN FINANCIAL offers precious metals, specifically gold and silver. This feature enables investors to engage in real-time transactions.

    Account Types

    ELAN FINANCIAL offers some account types tailored to satisfy users need.

    Standard Account:

    Standard account is suitable for traders looking for a balanced trading experience.

    Islamic Account:

    ELAN FINANCIAL meets traders need with its Islamic account. The Islamic account requires minimum deposit of $200.

    ECN Account:

    The ECN account provides leverage up to 1:200, with spreads starting from 0.0 pips. Unlike the Standard account, the ECN account charges no commissions. Also the minimum deposit requirement is $1,000, means its suitable for traders with more money to trade.

    FeatureStandardIslamicECN
    LeverageUp to 1:500Up to 1:500Up to 1:200
    SpreadsStarting from 0.1 pips for EUR/USDStarting from 0.1 pips for EUR/USDStarts from 0.0 pips
    Commissions$0.02 per sideNoneNone
    Minimum Deposit$100$200$1,000
    Demo AccountYes, unlimited demo account availableYes, unlimited demo account availableYes, unlimited demo account available
    Trading ToolsMetaTrader 4MetaTrader 4MetaTrader 4

    Leverage

    The maximum leverage offered by ELAN FINANCIAL is up to 1:500.

    This means traders can control positions in the market up to 500 times the amount of their trading capital.

    ELAN FINANCIAL Spreads

    In a standard account, traders can benefit from spreads of major currency pairs such as EUR/USD as low as 0.1 pips. In addition, the standard account charges a commission of $0.02 per.

    In Islamic accounts, the spread of EUR/USD starts from 0.1 pips and no commission is charged.

    In the ECN account, the spread of major currency pairs such as EUR/USD starts at 0.0 pips.

    Trading Platform

    Trading PlatformSupportedAvailable DevicesSuitable for what traders
    MetaTrader 4✔Windows, MAC, IOS, and AndroidInvestors of all experience levels
    MetaTrader 5❌
    Web Trader❌

    Deposit and Withdrawal

    The minimum deposit amount required to open a trading account with ELAN FINANCIAL is $100 for standard accounts, $200 for Islamic accounts, and $1,000 for ECN accounts.

    Customer Service

    Users can reach out through QQ with the ID 800005651 or via email at info@99elon.com. However, the unreliability in response times and the limited avenues for support may frustrate users seeking assistance with urgent queries or concerns.

    Contact OptionsDetails
    Phone❌
    Emailinfo@99elon.com
    Support Ticket System❌
    Online Chat❌
    Social MediaQQ: 800005651
    Supported LanguageEnglish
    Website LanguageEnglish
    Physical AddressNot mentioned

    User Reviews

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    User comment

    1

    Comments

    Write a review

    FX1565211327
    more than one year
    ELAN FINANCIAL has become non-operational for almost two months now, with no withdrawal options and no customer support available. Despite the platform's apparent issues, finding negative news online is surprisingly difficult. I'm unable to retrieve my funds, and there's no information or progress on the situation. It's a concerning experience with no clear resolution in sight.
    ELAN FINANCIAL has become non-operational for almost two months now, with no withdrawal options and no customer support available. Despite the platform's apparent issues, finding negative news online is surprisingly difficult. I'm unable to retrieve my funds, and there's no information or progress on the situation. It's a concerning experience with no clear resolution in sight.
    Translate to English
    2023-12-20 19:08
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