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No Regulation
Score
1.53 /10
Danger
ELANA Trading
5-10 yearsSuspicious Regulatory License
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.17
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-30
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| ELANA TradingReview Summary | |
| Founded | 1997 |
| Registered Country/Region | Bulgarian |
| Regulation | Unregulated |
| Market Instruments | Forex, Stocks, ETF, Futures, CFD, Options, Crypto FX, Bonds |
| Demo Account | ✔ |
| Leverage | Not Mentioned |
| Spread | Not Mentioned |
| Trading Platform | ELANA Global Trader |
| Min Deposit | 0 |
| Customer Support | Live Chat |
| Phone: +359 (2) 81 000 95, 359 (2) 81 000 29 | |
| Email: globaltrader@elana.net | |
| Social Media: Facebook, Skype, Linkedin, Youtube | |
| Company Address: Sopharma Business Towers,Tower B, Floors 12-13,5, Lachezar Stanchev St,1797 Sofia, Bulgaria | |
ELANA Trading is an unregulated broker in Bulgaria. It offers 30,000+ market instruments including Forex, Stocks, ETF, Futures, CFD, Options, Crypto FX, and Bonds. This broker offers a tarding platform called ELANA Global Trader which is available on computers, laptops, tablets or mobile phones.
Pros & Cons
| Pros | Cons |
| Wide range of tradable products | Unregulated |
| Demo accounts available | Untransparent trading conditions |
Is ELENA Trading Legit?
ELENA Trading has not been regulated by any authorities. Thus, trading on this platform can be extremely risky.
What Can I Trade in ELENA Trading?
| Trading Asset | Available |
| forex | ✔ |
| metals | ❌ |
| commodities | ❌ |
| indices | ❌ |
| energies | ❌ |
| stocks /shares | ✔ |
| cryptocurrencies | ✔ |
| options | ✔ |
| funds | ❌ |
| ETFs | ✔ |
| futures | ✔ |
| CFDs | ✔ |
| bonds | ✔ |
Trading Platform
ELANA Global Trader offers ELANA Global Trader as their trading platform. ELANA Global Trader is a platform for trading on the international financial markets, which offers a huge variety of trading instruments. It has an FX Minimum trade size (forex) of1000 units and no minimum deposit requirement. More features including Fast Order Execution, Advanced charting, Technical Analysis tool, Market news and analysis, Economic Calendar, Flexible workspace, Stock Screener, Equity Research, and Performance Overview.
| Trading Platform | Supported | Available Devices | Suitable for |
| ELANA Global Trader | ✔ | Desktop, Mobile, Web | Experienced traders |
| MT5 | ❌ | Desktop, Mobile, Web | Experienced traders |
| MT4 | ❌ | Desktop, Mobile, Web | Beginners |
| Trading View | ❌ | Desktop, Mobile, Web | Beginners |
Deposit and Withdrawal
ELANA Trading doesn't require a minimum deposit requirement. ELANA Trading does not charge any commission for deposit/withdrawal, but when withdrawing cash at ELANA Investment Centre, a commission of 0.4% on transaction value is charged.
Customer Service
| Contact Options | Details |
| Phone | +359 (2) 81 000 95, 359 (2) 81 000 29 |
| globaltrader@elana.net | |
| Online Chat | ✔ |
| Social Media | Facebook, Skype, Linkedin, Youtube |
| Website Language | English, Bulgarian |
| Physical Address | Sopharma Business Towers,Tower B, Floors 12-13,5, Lachezar Stanchev St,1797 Sofia, Bulgaria |
FAQs
Is ELANA Trading legit?
No. ELANA Trading is not regulated by any notable authorities.
Is it safe to trade on ELANA Trading?
No. Trading on ELANA Trading isn't safe since it's not a regulated platform.
Is ELANA Trading good for beginners?
No. Beginners should preferably choose a regulated platform.
Risk Warning
Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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