Element Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-23 18:55

Abstract：Element was registered in 2023 in the United States. It provides many trading assets, including forex, precious metals, oil, indices and cryptocurrencies. However, it is not regulated currently.

　　Note: Element's official website: https://elementrader.com/ is currently inaccessible normally.

ElementReview Summary
Founded	2023
Registered Country/Region	United States
Regulation	ASIC/FSA/FCA (Suspicous Clone)
Market Instruments	Forex, precious metals, oil, indices and cryptocurrencies
Demo Account	/
Leverage	/
Spread	/
Trading Platform	Element Trade platform
Min Deposit	/
Customer Support	Email: support@wamsm.com

　　Element was registered in 2023 in the United States. It provides many trading assets, including forex, precious metals, oil, indices and cryptocurrencies. However, it is not regulated currently.

Pros and Cons

Pros	Cons
Various trading assets	Not regulated
	Relatively new
	Lack of transparency

Is Element Legit?

Regulatory Status	Suspicious Clone
Regulated by	Australia
Licensed Institution	AVA CAPITAL MARKETS AUSTRALIA PTY LTD
Licensed Type	Market Making (MM)
Licensed Number	406684

Regulatory Status	Suspicious Clone
Regulated by	Japan
Licensed Institution	Ava Trade Japan K.K
Licensed Type	Retail Forex License
Licensed Number	関東財務局長（金商）第1662号

Regulatory Status	Suspicious Clone
Regulated by	United Kingdom
Licensed Institution	AVA Trade EU Limited
Licensed Type	European Authorized Representative (EEA)
Licensed Number	504072

　　Element Trade MT5 claims to be licensed by financial regulators in the UK, Austria, Japan and the US. However, The registration of the UK-based company AVA Trade EU Limited has nothing to do with Element Trade MT5, and the others's license institutions are also different.

What Can I Trade on Element?

Tradable Instruments	Supported
Forex	✔
Precious metals	✔
Oil	✔
Indices	✔
Cryptocurrencies	✔
Options	❌
ETFs	❌

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders
Element Trade platform	✔	Web	Experienced traders