Elland Road Capital Broker overview

Elland Road Capital is a full forex-centric online trading brokerage based in Cape Town, South Africa. The company is regulated and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa and FSP. Their FSP license number is 52127

The broker offers leverage of 1:400 and a minimum deposit of $250, the broker provides its clients with a good selection of tradable assets, including forex pairs, cryptocurrencies futures, commodities, shares, and indices.

The company also provides a demo account to its clients with a virtual cash balance of $10,000. The broker's customer support is available 24/5 in 19 languages. In addition, Elland Road Capital broker offers trading access via MT4 and its proprietary web-trader platform.

The broker offers multiple trading accounts so traders can select an account type best suited to their needs and budget. The Standard account can be opened with a minimum deposit of $250. On this note, let's dive into the broker's other essential details.

Broker Safety Details

The broker is registered and licensed by the Financial Sector Conduct Authority (FSCA) of South Africa. The FSCA is a financial regulatory body in South Africa that oversees the non-banking financial sector, including forex brokers, binary options brokers, CFD providers, etc.

The broker has implemented all modern security measures to protect client information and funds. In addition, the site uses 128-bit SSL encryption technology that secures client data from third-party interception.

Also, the company segregated client accounts from its operational funds. In the event of Elland Road Capital's insolvency, clients' funds will not be used to settle the company's debts.

The broker offers negative balance protection to all its forex and other market traders. Clients cannot lose more than their invested capital even if the market moves against their positions.

Moreover, they've implemented AML(Anti Money Laundering) and KYC(Know Your Customer) policies to stop financial crimes.

AML helps to prevent, detect and report any suspicious activity related to money laundering, while KYC verifies clients' identity.

Broker fees information

This multi-asset broker's fee structure is quite transparent and lucrative to forex traders. But, like any other broker, their mainstream source of income is spread. It is the difference between the bid and asks prices of a currency pair.

The average spread for major currency pairs such as EUR/USD and GBP is 0.9 pips for their VIP account, and for other standard accounts, the spreads start from 2.5 pips.

Deposits on the Elland Road Capital platform are free for any method you use to deposit funds in your account. On the other hand, they charge for making withdrawals from the platform. If you use Credit Card, Debit Card, Prepaid Card, and E-Wallets, the broker charges 3.5%.

Moreover, if you use wire transfer, the most common and safest method to deposit or withdraw, they charge 30 USD per transaction.

The broker also levies an inactivity fee of $80 if your forex trading account remains inactive for more than 30 days. Moreover, they have a recurring maintenance fee of $10 per month that covers costs associated with keeping the account operational.

Along with these fees, the broker also charges a swap fee, which is a fee that the broker levies for holding a position overnight. The swap fee is variable and depends on the currency pair you are trading and can be either positive or negative.

Spreads information

For forex traders, it's essential to consider the spreads that a broker is offering on their currency pairs. The spread is the difference between the bid and asks prices of a currency pair, and it's how forex brokers make their money.

The average spread for major currency pairs such as EUR/USD is 1.8 pips. However, for their VIP account, the spreads start from 0.9 pips.

For other standard accounts, the spreads start from 2.5 pips. The broker also offers tight spreads on exotic currency pairs such as USDMXN and USDRUB. As a result, the overall trading costs with this broker are pretty low compared to other brokers in the industry.

Elland Road Capital broker offers floating spreads that fluctuate according to the market conditions. As a result, forex traders can take advantage of tight spreads during times of high market volatility.

Swap fee details

A swap fee is a fee that is levied by the broker for holding a position overnight. The swap fee is variable and depends on the currency pair you are trading and can be either positive or negative.

For the EUR/USD currency pair, the broker charges a swap fee of -0.39.72 for a buy position and -0.38.39 for a sell position. The swap fee structure is quite competitive compared to other brokers in the industry.

To understand it better, let's say you buy one lot of EUR/USD at 1.2050, and the price moves to 1.2070 overnight. When you close your position the next day, you will be charged a swap fee of -0.39.72 pips.

Similarly, if the price moves to 1.2030 overnight, you will be charged a swap fee of -0.38.39 pips when you close your position the next day.

Overall, the broker's fee structure is quite competitive and suitable for long-term and short-term forex traders.

Deposit and withdrawal options

The broker offers its clients a variety of deposit and withdrawal options, including credit/debit cards, bank wire transfers, and APMs. The minimum deposit required to open an account with Elland Road Capital is $250.

The company has a strict anti-money laundering policy, and all clients' funds are segregated in Tier-1 banks. As a result, the deposits are fast and fee-free, while withdrawals usually take 1-3 business days to process.

Regarding withdrawals, forex traders need to pay for taking money out of their platform into their accounts. Traders can opt for any transaction method that is used in deposits. The deposit and withdrawal method on Elland Road Capital broker should be the same.

Wire transfer is the most common option used by traders to withdraw their money. The broker charges a fixed fee of $30 for wire transfers for this method. In addition, Credit Card, Debit Card, Prepaid Card, and E-Wallets have a 3.5% fee on the withdrawn amount.

Both deposits and withdrawals are protected with the highest level of SSL encryption, which guarantees the safety of clients' funds. Overall, the broker offers good conditions in terms of deposit and withdrawal options.

Tradable markets on Elland Road Capital broker

This platform offers multiple markets for trading, including Forex, Cryptocurrencies future, Commodities, Shares, and Indices. With the support of MT4 and its proprietary platform, the overall experience is excellent. The broker also provides a demo account to practice trading before going live. First, let's look at all tradable markets available on this platform:

Forex

Currencies are the most popular assets to trade on the foreign exchange market. As a result, major, minor and exotic currency pairs are available for tradin on Elland Road Capital. Some of the popular currency pairs available are EUR/USD, GBP/USD, USD/JPY, and AUD/USD.

With a maximum leverage of 1:400, traders can take a big position in the market with a small amount of capital. The broker also offers tight spreads starting from 0.9 pips on major currency pairs. In addition, using MT4, traders can access advanced charting tools and 30 built-in technical indicators.

Cryptocurrencies futures

The broke also supports trading in cryptocurrency futures with a leverage of up to 1:5. Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple are some of the popular cryptocurrencies available for trading. Cryptocurrencies are prevalent instruments as they offer high volatility and liquidity.

Traders can trade cryptocurrencies 24/7 with competitive spreads. The broker also offers negative balance protection, which protects the traders from losing more than their invested capital.

Commodities

Commodities are natural resources that can be traded in the futures market. Gold, Silver, Oil, and Natural Gas are some of the popular commodities available for trading on Elland Road Capital.

The broker offers maximum leverage of 1:200 on commodity futures. Traders can take advantage of the high volatility and liquidity of these instruments. The broker also offers tight spreads on all commodity futures. For natural gas, the broker charges a commission of $0.14.

Shares

Stock trading is also available on Elland Road Capital with a leverage of up to 1:5. Some popular stocks are Apple, Amazon, Facebook, and Google. The broker does not charge any commission on the shares you trade on this platform.

The overall experience of trading shares on this platform is excellent as the broker offers advanced features and tools. You have the option of over 160 CFD assets shares to choose from and the ability to trade 24/5 on the standard market hours.

Indices

Major global indices are also available for trading on this platform. The broker offers maximum leverage of 1:200 on all indices. Some of the popular indices available are S&P 500, Nasdaq 100, and Dow Jones Industrial Average.

The spreads offered by the broker on these instruments are very competitive, starting from 0.9 pips. The overall experience of trading indices is excellent as the broker provides multiple features and tools.

Overall, this platform has everything that a trader needs to start trading. The broker offers a wide range of tradable instruments, competitive spreads, and advanced features. Whether you're a beginner or an experienced trader, this platform will be very user-friendly.

Leverage information

On this platform, traders get maximum leverage of 1:400, which is relatively high compared to other brokers. This is ideal for traders who want to take significant risks and make the most of their money.

For example, if you have $700 in your trading account with a leverage of 1:400, you can trade up to $280,000 worth of currency. This is a great way to make a lot of money quickly, but it also comes with a lot of risks. So, make sure you know what you're doing before you start trading with high leverage.

Overall, the leverage offered by Elland Road Capital is competitive when compared to other brokers.

Trading platform options

This robust forex broker provides its clients with two different types of trading platforms: MetaTrader4 (MT4) and a proprietary platform. The MT4 platform is the most popular trading platform in the world and is known for its user-friendly interface, advanced charting tools, and customizability.

On the other hand, the proprietary platform is a web-based platform designed specifically for Elland Road Capital. This web-based proprietary platform is user-friendly and suitable for all traders. Let's look at both trading platforms' features:

MT4

MetaTrader 4 is a widely-used trading platform that is suitable for all types of traders. This trading platform is known for its intuitive UI, variety of charting tools, and personalized interface. This platform is available for both desktop and mobile devices.

Using MT4, traders can have an in-depth analysis of the markets with various technical indicators and charts. In addition, MT4 allows traders to use custom indicators and expert advisors. Finally, MT4 offers a wide array of highly-efficient tools that makes trading more accessible, including:

Advanced charting tools

This platform provides its users with various charts that can be customized according to their preferences. Charting tools help traders to have a better understanding of market trends and make informed decisions.

Some of the popular charting tools available on MT4 include candlestick charts, bar charts, line charts, and Renko charts. Traders can conduct an in-depth analysis of market trends using these charting tools.

Technical indicators

MT4 comes with a wide range of technical indicators that can be used to identify market trends. Some of the popular technical indicators available on MT4 include moving averages, Bollinger Bands, and MACD.

These technical indicators can be used to make informed decisions about when to enter or exit a trade. Moreover, forex traders can create custom indicators on MT4 and use them for trading the markets. This platform offers over 50 built-in indicators that traders can use.

Advanced trading orders

MT4 offers a variety of advanced trading orders that traders can use to manage their trades. Some of the popular trading orders available on MT4 include stop-loss orders, limit orders, and trailing stop orders.

These trading orders help traders to manage their risks and protect their capital. In addition, they can also use these orders to take advantage of market conditions. Moreover, traders can use the one-click trading feature on MT4 to execute their trades quickly and efficiently.

Highly customizable interface

One of the best features of MT4 is that it is highly customizable. Traders can customize the platform to suit their needs and preferences. They can change the platform's color scheme, font size, and layout.

In addition, they can also add or remove features from the platform. The customizable interface makes it easy for traders to use the platform according to their trading style.

Real-time push notifications

MT4 provides its users with real-time push notifications. These notifications keep traders updated about the latest market news and events. They can also use these notifications to set up price alerts.

Using real-time push notifications, traders can stay updated about the markets and make informed decisions about their trades.

Elland Road's Web Trading Platform

The web-based trading platform of Elland Road Capital is explicitly designed for the traders' ease and peace of mind. This platform is user-friendly and suitable for all types of traders. Using this, traders can trade a variety of asset classes, and it offers a wide range of features, including:

160+ available CFDs

This platform offers its users a wide range of CFDs to trade. These include forex, cryptocurrencies, commodities, shares, and indices. In addition, this platform also offers over 50 currency pairs to trade.

In addition, it also offers a wide range of CFDs on cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

Trading analysis tools

The web-based trading platform of Elland Road Capital offers its users a variety of trading analysis tools. These tools help traders to have a better understanding of market trends and make informed decisions.

Some of the popular trading analysis tools available on this platform include technical indicators, charts, and news feeds.

Advanced trading orders

This platform offers a variety of advanced trading orders that can be used by traders to manage their trades. Some of the popular trading orders available on this platform include stop-loss orders, limit orders, and trailing stop orders.

These trading orders help traders to manage their risks and protect their capital. In addition, they can also use these orders to take advantage of market conditions.

Stop loss and take profit calculators

This platform also offers to stop loss and take profit calculators that can be used by traders to manage their risks.

These calculators help traders to set the stop-loss and take-profit orders for their trades. In addition, they can also use these calculators to calculate their trades' potential profits and losses.

Record of transactions

This platform also offers a record of all the transactions made by traders. This feature helps traders to keep track of their trading history and performance. In addition, it also helps them to identify the mistakes that they have made in their trades.

​​Available accounts

Classic

The first account of Elland Road Capital is a Classic account, and it requires a deposit of $250. This standard gives traders access to leverage of up to 1:400, spreads from 2.5 pips, and the ability to trade all instruments. The margin call is 100%, and the stop out is 20%.

The minimum volume per trade on the Classic account is 0.01, and the maximum is 50. In addition, negative balance protection is available with this account.

Silver

Silver is the upgraded account of the Classic and it offers all the features that are in the Classic account. The minimum deposit for the Silver account is $250 and the maximum leverage available is 1:400. The spreads at the Silver account start from 2.5 pips and traders have access to all instruments.

Gold

The Gold account gives you the same features as the Classic account but with some more benefits and flexibility. Using the Gold account, traders get a monthly complete account overview, as well as the option to trade with swaps discounts. The spreads start from 1.8 pips, and you also get swap discount periods.

VIP

The VIP account is the full-fledged account offered by Elland Road Capital. Spreads start from 0.9 pips, which makes it easier for forex traders to take big trades. Clients also get all the features from the other accounts, including access to leverage of up to 1:400, the ability to trade all instruments, negative balance protection, and more. The VIP account of Elland Road Capital also gives you a dedicated account manager.

How to open your trading account

Follow the below steps to open an account on the Elland Road Capital platform:

1. Visit the website and click on "Create a new account."
   
   
2. Provide your email address, and you'll receive an email to verify your email to complete the signup.
3. Click the link in the email sent to your inbox to confirm your email.
4. This will bring you back to the broker's website to create a password.
5. Start trading with virtual funds, or create a real account to make a deposit.

Customer support

Customer support at the broker is available 24/5 in 19 languages, including English, French, Spanish, Italian, Russian, Arabic, Chinese and Japanese. You can contact customer support through live chat on the website, by email, or by phone.

Our Elland Road Capital review found that the customer service is efficient and responsive, with most queries being answered within 24 hours. We also found that the customer service is knowledgeable and helpful, providing detailed answers to our questions.

Elland Road Capital broker in a nutshell

This FSCA and FSP-regulated South African broker offers a wide range of tradable assets, from forex and cryptocurrencies to shares and indices, on the user-friendly MT4 platform.

With a minimum deposit of just $250 and leverage of up to 1:400, Elland Road Capital is an excellent choice for beginner and experienced traders.

Plus, with 24/5 multilingual customer support in 19 languages, you're never far from the help you need. Overall, we were impressed with Elland Road Capital and would recommend them as a broker of choice.

FAQs

What is the minimum deposit?

The minimum deposit is $250.

What is the maximum leverage offered by them?

The maximum leverage offered is 1:400.

Does it offer a demo account?

Elland Road Capital offers a demo account with $10,000 virtual cash.

Is this broker regulated?

Yes, it is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and FSP.

What are the deposit methods at Elland Road Capital?

The deposit methods at Elland Road Capital include wire transfers, credit/debit cards, and APMs.

What are the withdrawal methods available with this broker?

The withdrawal methods are similar to the deposit methods, including wire transfer, credit/debit card, and APMs.

How do I open an account with this broker?

You can open an account by filling out the online registration form on the broker's website.

Does the broker support MT4 and MT5?

Elland Road Capital supports MT4 and its proprietorship web-trading platform.

What are the spreads at this broker?

The spreads start from 0.9 pips.

What is the minimum trade size?

The minimum trade size is 0.01 lots.

How to contact their customer support?

You can contact customer support by phone, email, or live chat.

Do they offer educational content?

Yes, it offers educational content such as blogs, and market updates.

Can US residents open accounts at Elland Road Capital?

No, US residents cannot open accounts at this broker.

How can I change my password?

You can change your password by logging into your account and going to the "Profile" section. Then, click on the "Change Password" button.

What account types do they offer?

It offers three account types: Classic, Silver, Gold, and VIP.