Elland Road Capital Review – Key Features and In-Depth Analysis
Elland Road Capital is a broker registered in 2022 in South Africa. Luckily, they operate with domestic regulations. However, there are too many negative reviews for a regulated broker.
To find out what might be the reason for it, read this Elland Road Capital review carefully. But don’t skip our analysis in the eTrader review. You never know what might keep your funds safe.
|Is This Company Safe?||FSCA|
|Have Warnings From:||N/A|
|Trading Platforms:||Web trader|
|Deposit Bonus:||Not available|
|Trading Assets:||Cryptos, Forex, Commodities, Shares, Indices|
|Free Demo Account:||Not available|
|How To Withdraw From This Company?||Without transparent legal documents, ownership details and withdrawal policies, the only solution to withdrawals is a chargeback or refund. For assistance with those, contact our refund team.|
Legal Info: Is Elland Road Capital Legit?
If you check the FSCA registers, you will see this broker there. That’s not deniable. Yet, the company is offering services to some countries where regulations are way stricter. Note that Elland Road Capital trading company is not licensed by any top-tier regulatory agency, starting with FCA, ASIC or BaFin.
Therefore, you can’t compare their conditions and protection with the FCA-regulated broker, which you can use freely wherever you are coming from.
Who Are Elland Road Capital’s Clients?
Since 2022, when the Elland Road Capital Pty Ltd was registered, they have been targeting traders worldwide. Most customers come from:
Many of these countries have their own trusted regulations. Why this broker doesn’t have any of those remains a mystery. But if you experience any issues, feel free to contact our specialists for advice about further steps.
One of the key warning signs is the Elland Road Capital complaints. If you check only Trustpilot, you will see 94 comments and more than 50% negative ones. That’s not a sign of reliable services regardless of regulations.
In fact, that tells you why Tier 1 regulations are the key in the trading world. If you are the one having a complaint about this brokerage, don’t hesitate to share it with us. After all, we can offer you a solution to it.
Investment Costs With Elland Road Capital
All the trading costs are practically dubious. Primarily with leverage of up to 1:400. Without negative balance protection, your balance can be wiped off in seconds.
On top of that, the company has quite unclear spreads. On some accounts, they advertise spreads from 20. Yet, it’s not specified are those pips or any other value. In any case, this more than any Tier 1 regulated broker would charge you. As for the other fees or commissions, apparently, they don’t have any.
Transparently, this broker doesn’t have any bonuses. Yet, after you complete the Elland Road Capital login procedure, you might get some of the offers. To understand the importance of bonus policy transparency, read our LBLV review.
Elland Road Capital Trading Features
One of the worrying facts is that the company only offers web trader instead of third-party software. For instance, cTrader or MetaTrader. Practically, they don’t offer any advanced features. Such as copy trading, social trading or EAs.
Is Elland Road Capital Legit?
If you just take into consideration their regulations, then yes. But everything else about the broker might cause you potential issues, starting with conditions, platform and withdrawals. Generally speaking, when every second trader files a complaint, that’s not good, right?
Available Trading Assets
As with any other brokerage, you can invest in 5 major categories here. However, with a bit of compromised conditions. The options are:
- Forex – GBP/USD, JPY/AUD
- Commodities – natural gas, crude oil
- Indices – CAC40, FTSE100
- Shares – McDonald’s, Apple
- Cryptos – BTC, ETH, LTC
Generally speaking, this brokerage has quite an unclear account type comparison. All of the accounts have unclear spreads, commission-free depositing and insanely high leverage.
Also, none of the deposit requirements are revealed except for the minimum deposit of $250. The choices are:
Mobile Trading App
Considering the fact that the broker doesn’t offer proprietary software, you can’t expect the app either. Practically, another reason to choose more reliable broker. But to learn who not to trust, read our Moxium review.
Surprisingly, Elland Road Capital doesn’t offer a demo account. Even though they are regulated, you would expect such a feature. But that can tell you more if they are honest or not. Therefore, you have even more signs you should avoid this company.
As for education, the company offers trading central, economic calendar and chart analysis. In general, nothing that you can’t find yourself. Thus, if you are looking for live sessions and webinars, you’ll have to look elsewhere.
Elland Road Capital Withdrawal
Important to realize is that many traders are complaining about withdrawals. Even though the broker has a transparent withdrawal policy. But that tells you they potentially disregard those.
In any case, withdrawals should be processed within 10 business days. Quite a long period and more than enough to make excuses to extend it. On top of that, there are 3.5% fees for all withdrawal methods, except for wire transfer which is charged $30.
For the contact options, the company provides multiple choices. You can choose between e-mail, phone, live chat and web form. But if you will get the assistance depends on the issue. In case, it’s a withdrawal issue, prepare your nerves for the worst.
Key Information To Consider About Elland Road Capital?
In the first place, the company is not regulated by any Tier 1 regulator. Instead, they have loose domestic regulations. Above all, it’s better than nothing. Yet, if they really comply with those, you can check in Elland Road Capital reviews.
Thus, if you are one of those that have issues, don’t hesitate to contact us. Our refund specialists can give you step-by-step guidance in the funds recovery process. However, before that, you can get the first consultation for free. Get in touch today!
Is Elland Road Capital Legit?
Generally yes. But there are too many negative reviews pointing in the other direction which could make anyone worried.
What Is Minimum Deposit With Elland Road Capital?
The minimum requirement is only $250. But you have many other Tier 1 licensed brokers with the same requirements but far better security.
What Are The Platforms?
Instead of third-party software, Elland Road Capital only offers a web-based platform.
How Do I Withdraw Money From Elland Road Capital?
You will have to sign in to your account and then follow the simple instructions on the withdrawal page. If that doesn’t work, contact our refund specialists for help.