Eliom FX Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　Eliom FX, a trading name of Eliom FX LLC, is allegedly a forex and CFD broker incorporated in St. Vincent & the Grenadines with registration number 2091 LLC 2022. The broker claims to provide its clients with various tradable financial instruments with leverage up to 1:100 and raw spreads on the leading MetaTrader4 trading platform, as well as a choice of three different live account types and 24/5 customer support service.

　　As for regulation, it has been verified that Eliom FX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.07/10. Please be aware of the risk.

　　Market Instruments

　　Eliom FX advertises that it offers access to more than 200 trading instruments in financial markets, including forex, CFD stocks, futures, options and cryptocurrencies.

　　Account Types

　　Eliom FX claims to offer three types of trading accounts, namely Starter, Professional and Advanced. The minimum initial deposit amount is $250 for the Starter account, while the other two account types have much higher minimum initial capital requirements of $1,000 and $5,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

　　Leverage

　　The leverage provided by Eliom FX is capped at 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

　　Spreads & Commissions

　　Eliom FX claims to offer raw spreads and different commissions for different account types. For example, the commission on the Starter account is $10 per lot, the Professional account is $7 per lot, and the Advanced account with custom commissions.

　　Trading Platform Available

　　The platform available for trading at Eliom FX is the worlds most widely used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

　　Deposit & Withdrawal

　　The minimum initial deposit requirement at Eliom FX is said to be $250. However, we didnt anything about the acceptable deposit and withdrawal methods on the Internet.

　　Customer Support

　　Eliom FXs customer support can be reached by telephone:（342）445 444 233 or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and Vimeo. Company address: First Floor, First St Vincent Bank Ltd Building, James Street, Kingstown-P.O. Box 1574, VC010.

　　Risk Warning

　　Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.