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EEL Financial Services Ltd

WikiFX | 2024-09-30 16:47

Abstract：EEL Financial Services Ltd is an online transaction service provider, that mainly provides users with 5 trading market instruments, including forex, stocks, commodities, cryptocurrencies, and precious metals. Traders can trade through MT5. In addition, EEL Financial Services Ltd provides 24/7 customer support (except phone).

Company Name	EEL Financial Services Ltd
Registered Country/Area	Saint Lucia
Registration year	2024-03-20
Regulation	Unregulated
Market Instruments	Forex, Stocks, Commodities, Cryptocurrencies, and Precious Metals
Spread	Spreads as low as 0
Leverage	Up to 1:500
Trading Platform	MT5
Demo Account	Available
Deposit & Withdrawal	$100
Customer Support	Email:eelfx536@gmail.comPhone:+971 4 354 2425(24/5)
Tools	Introducing Broker, Economic Calendar, Pip Calculator

EEL Financial Services Ltd Information

EEL Financial Services Ltd is an online transaction service provider, that mainly provides users with 5 trading market instruments, including forex, stocks, commodities, cryptocurrencies, and precious metals. Traders can trade through MT5. In addition, EEL Financial Services Ltd provides 24/7 customer support (except phone).

Pros and Cons

Pros	Cons
24/7 Customer Support（No Phone）	Unregulated
Spreads as low as 0	Demo account unavailable
Commission free(only Forex）
5 types of trading assets

Is EEL Financial Services Ltd Legit?

EEL Financial Services Ltd is not regulated to date.

What Can I Trade on EEL Financial Services Ltd?

Traders can achieve diversified portfolio investments through EEL Financial Services Ltd, which provides traders with 5 trading markets including stocks, commodities, cryptocurrencies, foreign exchange, and precious metals, with more than 300 trading varieties.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Stocks	✔
Cryptocurrencies	✔
Precious Metals	✔
Shares	❌
ETFs	❌
Bonds	❌
Mutual Funds	❌

What Can I Trade on EEL Financial Services Ltd?

Account Type

Traders can open Classic, Standard, and Max accounts at EEL Financial Services Ltd. Traders can trade foreign exchange without commissions and enjoy swap-free trading with a Max account.

Account Type	Classic	Standard	Max
Min Deposit	$100	$500	$2000
Trading Platform	MT-5	MT-5	MT-5
Currency	USD	USD	USD
Leverage	from 1:10 to 1:500	from 1:10 to 1:500	from 1:10 to 1:200
Commission	$0 FX,$6 Metals and CFD's Commission	$0 FX,$6 Metals and CFD's Commission	$0 FX,$4.5 Metals and CFD's Commission
Min Spread	Not mentioned	1.5pips	RAW Spread
Swap	Swap Applicable	Swap Applicable	Swap-Free
Trading Volume	Minimum 0.01 per lot	Minimum 0.01 per lot	Minimum 0.01 per lot

EEL Financial Services Ltd Fees

In EEL Financial Services Ltd, the lowest spread for a Standard account starts from 1.5, and the Max is RAW Spread. Forex is commission-free, while the commission for Metals and CFD is $6, except for the Max account the commission for Metals and CFD is $4.5. The Max account swap is free.

Leverage

The trading leverage range of EEL Financial Services Ltd is1:10 to 1:500. The higher the leverage, the greater the risk.

Trading Platform

EEL Financial Services Ltd provides a proprietary platform. Traders can choose to conduct online transactions here or on MT5. Trading Platforms can be downloaded from the App Store, Google Play, and Windows.

Trading Platform	Supported	Available Devices
EEL Financial Services Ltd	✔	Web
MT5	✔	Web

Deposit and Withdrawal

EEL Financial Services Ltd requires deposits, the minimum deposit is $100. The payment methods include MasterCard, WebMoney, Cryptocurrency, etc.

Customer Support Options

EEL Financial Services Ltd offers 24/5 telephone and email customer support.

Contact Options	Details
Phone	+971 4 354 2425(24/5)
Email	eelfx536@gmail.com
Support Ticket System	❌
Online Chat	❌
Social Media	❌
Supported Language	English
Website Language	English
Physical Address	210,Al Nasr Plaza-comm, oudMetha, U.A.E

The Bottom Line

EEL Financial Services Ltd fee information, such as spreads and commissions, is relatively clear, and related transaction fees can be calculated. However, the platform is not regulated, so security is relatively low. The leverage of EEL Financial Services Ltd's financial products is as high as 1:500, which means the risk is relatively high.

FAQs

Is EEL Financial Services Ltd safe?

No, because of unregulated status.

What account types is EEL Financial Services Ltd?

EEL Financial Services Ltd offers 3 types of accounts, including Classic, Standard, and Max.

What fees does EEL Financial Services Ltd have?

EEL Financial Services Ltd claims that the spread is as low as 0, but the information seen is that the standard account spread starts at 1.5, and the Max is RAW spread. In terms of commission, forex products are commission-free, while other products are $4.5 or $6.