Elite Capitals Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-15 18:14

Abstract：Elite Capitals is based in the United Kingdom and was founded in 2019. This broker offers kinds of tradable assets, including Forex currency pairs, commodities, indices, cryptocurrencies through MT4 trading platform. It also offers different account types, such as Standard, Premium, and Islamic accounts, to accommodate various trading preferences.

Elite CapitalsReview Summary
Founded	2019-07-19
Registered Country/Region	United Kingdom
Regulation	Suspicious clone by Australia
Market Instruments	Forex currency pairs, commodities, indices, cryptocurrencies
Demo Account	Yes
Leverage	1:500
Spread	0.1 pips
Trading Platform	MetaTrader 4 (MT4) and potentially other platforms
Min Deposit	$100

　　Elite Capitals is based in the United Kingdom and was founded in 2019. This broker offers kinds of tradable assets, including Forex currency pairs, commodities, indices, cryptocurrencies through MT4 trading platform. It also offers different account types, such as Standard, Premium, and Islamic accounts, to accommodate various trading preferences.

Pros and Cons

Pros	Cons
None	Suspected cloned regulations
	Uncertainty of investor protection and fund safety

Is Elite Capitals Legit?

　　Elite Capitals is a suspected fake clone. Elite Capitals claims to be regulated by the Australia ASIC with license number 335692. However, this regulation is suspected to be a clone or invalid. Traders should be cautious and consider alternatives when trading.

What Can I Trade on Elite Capitals?

　　Elite Capitals offers kinds of trading assets to satisfy the different needs of different traders. In addition to Forex, Elite Capitals provides trading opportunities in commodities such as gold, silver, crude oil, and natural gas. Furthermore, Elite Capitals offers trading in cryptocurrencies, including popular digital assets such as Bitcoin, Ethereum, and Litecoin.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Crypto	✔
CFD	❌
Indexes	✔
Stock	❌
ETF	❌
Options	❌

Account Types

　　Elite Capitals offers three types of accounts including standard account, Islamic account and ECN account. In addition, all accounts support demo accounts. The leverage offered by Elite Capitals is 1:200-1:500. Only ECN accounts do not charge commission and spreads are as low as 0 pips.

Feature	Standard	Islamic	ECN
Leverage	Up to 1:500	Up to 1:500	Up to 1:200
Spreads	Starting from 0.1 pips for EUR/USD	Starting from 0.1 pips for EUR/USD	Starts from 0.0 pips
Commissions	$0.02 per side	None	None
Minimum Deposit	$100	$200	$1,000
Demo Account	Yes, unlimited demo account available	Yes, unlimited demo account available	Yes, unlimited demo account available
Trading Tools	MetaTrader 4	MetaTrader 4	MetaTrader 4

Leverage

　　The maximum leverage provided by Elite Capitals varies depending on the trading instrument and account type. The maximum leverage offered by Elite Capitals is up to 1:500.

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

Elite Capitals Spreads

　　In a standard account, traders can benefit from spreads of major currency pairs such as EUR/USD as low as 0.1 pips as well as Islamic account. In addition, in the ECN account, the spread of major currency pairs such as EUR/USD starts at 0.0 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what investor
MetaTrader 4	✔	Windows, MAC, IOS, and Android	Investors of all experience levels
MetaTrader 5	❌
Web Trader	❌