Ellan Road Capital making people fools

Recently, Wikifx received a complaint against Ellan Road Broker from India regarding withdrawal issues. He wrote in his complaint that he invested 1600 USD on June 12, 2023. He stated, “This was the first time I invested in international trading.”

A complainant is facing issues withdrawing his funds. He tried to contact customer support at Ellan Road. He added, “They replied that they can pay only 600 USD if I take all charges and sign the same”. The victim said he did not pay anything. He alleged to the broker that the organisation is systematically cheating customers. There is no trading happening. It's all a mirage to fool us.

Review

When we searched for this broker on Wikifx, we discovered that Wikifx issued a warning against this broker by stating, Warning: Low score; please stay away! The number of complaints received by WikiFX has reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam! The score of Ellan Road Capital is low, which is also a warning sign.

When we searched for reviews about Ellan Road Capital on Trustpilot, we found people cursing this broker, sharing their sour experiences, and alerting others not to invest with it. Here are the screenshots. Have a look and be safe.

About Ellan Road Capital

Elland Road Capital is a regulated financial service corporate based in South Africa. They offer MT4/5 white label services and cater to regional brokers. However, the broker has been associated with suspicious activities and high potential risk, as indicated by multiple complaints and warnings from WikiFX. It is essential to exercise caution and conduct thorough research before engaging in any financial activities with Elland Road Capital.

The broker provides a range of market instruments for trading, including foreign exchange transactions, commodity trading, index trading, encrypted money market, and stock market trading. Leverage of up to 1:400 is available, but it's important to note that higher leverage carries increased risk. Spreads and commissions vary depending on the account type and the instrument being traded. Non-trading fees such as monthly account inactivity fees and maintenance fees may apply.

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