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Score

1.59 /10
Danger

Ellipsys

Mauritius

5-10 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

High potential risk

http://www.elpmarkets.com

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Score

Regulatory Index0.00

Business Index7.18

Risk Management Index0.00

Software Index4.37

License Index0.00

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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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Broker Information

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Company Name

Ellipsys Financial Markets

Company Abbreviation

Ellipsys

Platform registered country and region

Mauritius

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Ellipsys · Company summary
Ellipsys Review Summary
Founded1999
Registered Country/RegionMauritius
RegulationUnregulated
Market InstrumentsCFDs, Currencies, Futures, Indices, Commodities
Demo Account✅
Leverage & SpreadNot mentioned
Trading PlatformMetaTrader 4, VertexFX 11
Min DepositNotmentioned
Payment MethodsVisa, Mastercard, American Express, Union Pay, Wintech
Customer SupportPhone: +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.

Ellipsys Information

Pros and Cons

ProsCons
Multiple trading platforms (MT4, VertexFX 11)No leverage
5 payment methodsHigh spread can reach 60 pips
No minimum account size
0 commission

Is Ellipsys Legit?

Ellipsys is an unregulated exchange.

Is Ellipsys Legit?

What Can I Trade on Ellipsys?

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

Tradable InstrumentsSupported
CFDs✔
Currencies✔
Futures✔
Indices✔
Commodities✔
Stocks❌
Cryptocurrencies❌
ETFs❌
What Can I Trade on Ellipsys?
What Can I Trade on Ellipsys?
What Can I Trade on Ellipsys?
What Can I Trade on Ellipsys?
What Can I Trade on Ellipsys?

Account Types

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

The demo account is available for free practice.

Account NameMin. DepositKey FeaturesSuitable for
Demo AccountNo depositFree practice, 24-hour support, market research toolsNew traders practicing strategies
Live AccountNo minimum account sizeAccess to award-winning platforms, low margin, dedicated manager, 24/7 supportRetail and corporate traders
Account Types

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 TypeTypical Spread
Metals40-60 pips
Energy40-50 pips
Indices8-75 pips
Currencies2-8 pips
Ellipsys Fees
Ellipsys Fees
Ellipsys Fees

Trading Platform

Ellipsys offers 2 types of trading platforms to users.

Trading PlatformSupportedAvailable DevicesSuitable for
Zen Trader - MetaTrader 4 (MT4)✔Web, MobileBeginner to experienced traders
Zen Pro - VertexFX 11✔Web, DesktopIntermediate to advanced traders
Trading Platform
Trading Platform

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 OptionsMin. DepositFeesProcessing Time
Visa, MastercardNo minimum account sizeNoneInstant
American ExpressNo minimum account sizeNoneInstant
Union PayNo minimum account sizeNoneInstant
WintechNo minimum account sizeNoneInstant
Deposit and Withdrawal
Deposit and Withdrawal

User Reviews

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Molliy
more than one year
The platform is decent, quite suitable for beginners like me, and the app is also easy to use. But seriously, is the customer support team nonexistent? I've called numerous times for inquiries, and not a single call has been answered.
The platform is decent, quite suitable for beginners like me, and the app is also easy to use. But seriously, is the customer support team nonexistent? I've called numerous times for inquiries, and not a single call has been answered.
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2023-12-12 19:07
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