Elland Road -Some Important Details about This Broker

General Information

Registered in South Africa, Elland Road is a forex broker providing access to Forex, Indices, Commodities, Shares, Cryptocurrencies. With the Elland Road platform, investors can get access to four trading accounts: Classic, VIP and Gold, and the maximum leverage that can be used is up to 1:400.

Elland Road is a South Africa Investment Firm, authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP License Number 52127. Elland Road Capital PTY LTDs registration number is 2021 / 939672 / 07 with a registered address: Office 162, First Floor, Willow bridge Centre, Carl Cronje Dr, Cape Town, 7530, South Africa.

Market Instruments

With the Elland Road platform, five classes of trading instruments including Forex, Indices, Commodities, Shares, Cryptocurrencies can be traded.

Account Types

Four types of trading accounts are provided to accommodate varying needs of different traders: Classic, Silver, Gold, and VIP. The Minimum deposit for each account is not disclosed. Some account services include Negative Balance Protection, Free Support, Free Trading Education, Monthly Full Account Overview available with the Gold and VIP accounts.

How to open an account with Elland Road？

Opening an account with Elland Road is an easy and simple process:

1. Click the “Sign Up” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, Elland Road allows its clients to use leverage of up to 1:400, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Spreads and commissions are tightly associated with account types. The Classic and Silver accounts offer wide spreads from 2.5 pips on the EUR/USD pair, from 1.8 pips on this pair with the Gold account, from 0.9 pips on this pair with the VIP account.

Swaps Fees

Traders who plan to hold their positions overnight need to take swaps as an additional cost. Swap fees are applied at the end of each trading day if you wish to main an open position during the night. These fees may vary from asset to another, so make sure to check the table below:

Trading Platform

Elland Road provides access to the industry-leading MT4 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT4 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

Payment Methods

The minimum deposit is not disclosed, and Elland Road allows its clients to make a deposit and withdrawal through VISA, MasterCard, APMS.

Customer Support

Elland Road relies on its FAQ section to offer clients some assistance and if you have any inquiries or trading-related issues, you can also get in touch with this broker through the following channels:

Telephone: +27101572581

Email: inquiries@ellandroadcapital.com

Registered Company Address: Office 162, First Floor, Willow bridge Centre, Carl Cronje Dr, Cape Town, 7530, South Africa

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.