ELAN FINANCIAL Spreads, leverage, minimum deposit Revealed

ELAN FINANCIAL Information

　　ELAN FINANCIAL is based in the United Kingdom and was founded in 2003. This broker offers kinds of tradable assets, including real-time access to 22 major currency pairs and precious metals such as gold and silver. It also provides leverage up to 1:500 and two account types to choose.

Pros and Cons

Is ELAN FINANCIAL Legit?

　　ELAN FINANCIAL is revoked. Its License number is No. 489701. Traders should be cautious and consider alternatives when trading.

What Can I Trade on ELAN FINANCIAL?

　　ELAN FINANCIAL offers kinds of trading assets to satisfy the different needs of different traders.

　　Foreign Exchange (Forex):

　　ELAN FINANCIAL provides 22 major currency pairs. This includes many trade currency pairs such as EUR/USD, USD/JPY, GBP/USD, AUD/USD, and NZD/USD, providing traders with different exposure to the global economy.

　　Spot Gold and Silver:

　　In addition to Forex, ELAN FINANCIAL offers precious metals, specifically gold and silver. This feature enables investors to engage in real-time transactions.

Account Types

　　ELAN FINANCIAL offers some account types tailored to satisfy users need.

　　Standard Account:

　　Standard account is suitable for traders looking for a balanced trading experience.

　　Islamic Account:

　　ELAN FINANCIAL meets traders need with its Islamic account. The Islamic account requires minimum deposit of $200.

　　ECN Account:

　　The ECN account provides leverage up to 1:200, with spreads starting from 0.0 pips. Unlike the Standard account, the ECN account charges no commissions. Also the minimum deposit requirement is $1,000, means its suitable for traders with more money to trade.

Leverage

　　The maximum leverage offered by ELAN FINANCIAL is up to 1:500.

　　This means traders can control positions in the market up to 500 times the amount of their trading capital.

ELAN FINANCIAL Spreads

　　In a standard account, traders can benefit from spreads of major currency pairs such as EUR/USD as low as 0.1 pips. In addition, the standard account charges a commission of $0.02 per.

　　In Islamic accounts, the spread of EUR/USD starts from 0.1 pips and no commission is charged.

　　In the ECN account, the spread of major currency pairs such as EUR/USD starts at 0.0 pips.

Trading Platform

Deposit and Withdrawal

　　The minimum deposit amount required to open a trading account with ELAN FINANCIAL is $100 for standard accounts, $200 for Islamic accounts, and $1,000 for ECN accounts.

Customer Service

　　Users can reach out through QQ with the ID 800005651 or via email at info@99elon.com. However, the unreliability in response times and the limited avenues for support may frustrate users seeking assistance with urgent queries or concerns.