摘要:Elite Capital Trade is an online forex broker registered in Saint Vincent and the Grenadines, operated by a company named CT Markets (SV) Ltd. This broker is supposed to be a young-established one, with an operation time of 2 to 5 years. Since we cannot open this forex brokers website, we could only obtain limited information. Further information about its trading assets, spreads and commissions, trading platform, account types are not disclosed.
Company Name | Elite Capital Trade |
Registered Country/Area | United Kingdom |
Founded Year | 2021 |
Regulation | Unregulated |
Minimum Deposit | $250 |
Maximum Leverage | Up to 1:500 |
Spreads | Starting from 0 pips |
Trading Platforms | MT4, MT5, Elite Trader (Proprietary) |
Tradable Assets | Forex, CFDs, Cryptocurrencies, Stocks, Indices, Commodities |
Account Types | Standard, ECN, Islamic |
Demo Account | Available |
Customer Support | Live chat, email, phone |
Deposit & Withdrawal | Multiple deposit options with cards and e-wallets, 3% charge on card withdrawals |
Educational Resources | Online trading academy, video library, market analysis, trading blog, webinars, one-on-one guidance |
Elite Capital Trade is an online brokerage firm that was founded in 2021 and is headquartered in London, United Kingdom. It is unregulated by any authorities and caters primarily to retail traders and investors in Europe. Elite Capital Trade offers trading in forex, CFDs, cryptocurrencies, stocks, indices, and commodities through their proprietary web and mobile trading platforms. The broker provides several account types including a standard account, an ECN account with direct market access, and an Islamic account that complies with Sharia principles. Traders can choose from desktop, web, and mobile versions of the Elite Capital Trade platform and can access advanced trading tools like Expert Advisors, technical indicators, trading robots, and copy trading services. The minimum deposit to open a live trading account starts from $250 and leverage up to 1:500 is available depending on the account type selected.
Overall, Elite Capital Trade aims to provide both novice and experienced traders with competitive pricing, tight spreads, fast execution, and a selection of over 1500 trading instruments across major asset classes.
A significant point of concern for potential investors is the broker's unregulated status. It lacks oversight from major financial regulatory bodies. This absence of regulation can pose substantial risks to traders, as unregulated brokers often lack the stringent compliance and transparency standards set by established regulatory authorities.
Investors dealing with unregulated entities may face challenges in seeking recourse in case of disputes or malpractices. Thus, it's imperative for traders to exercise caution and conduct comprehensive due diligence before engaging with such brokers.
High leverage up to 1:500 | Unregulated broker so no investor protection |
Low spreads starting from 0 pips | Limited tradable assets compared to competitors |
Multiple platform options (MT4, MT5, proprietary web trader) | Negative reviews of platform errors, slow withdrawals, customer support |
Educational resources for new traders | Proprietary platform lacks some MT4/MT5 features |
Competitive pricing | Overall trading costs high once commissions/fees added |
Cryptocurrency trading supported | Lack of financial transparency |
Pros:
High leverage up to 1:500: This allows traders to control larger positions with a smaller amount of capital, potentially amplifying profits.
Low spreads starting from 0 pips: Tight spreads reduce trading costs, making it more cost-effective for traders to enter and exit positions.
Multiple platform options (MT4, MT5, proprietary web trader): Offering various trading platforms provides flexibility for traders with different preferences and needs.
Educational resources for new traders: Extensive educational materials can help beginners learn about trading and improve their skills.
Competitive pricing: Competitive pricing can lead to cost savings for traders, especially when combined with low spreads and fees.
Cryptocurrency trading supported: Support for cryptocurrency trading allows traders to diversify their portfolios and access emerging markets.
Cons:
Unregulated broker so no investor protection: The absence of regulation means there is no safeguard for traders' funds in case of broker insolvency or fraud.
Limited tradable assets compared to competitors: A restricted range of assets may limit diversification options and opportunities for traders.
Negative reviews of platform errors, slow withdrawals, and customer support: These issues can hinder the trading experience and lead to frustration for traders.
The proprietary platform lacks some MT4/MT5 features: Traders may miss out on certain advanced tools and features available on more established platforms.
Overall trading costs are high once commissions/fees are added: When factoring in additional fees and commissions, the total cost of trading may become less competitive.
Lack of financial transparency: Without regular financial reports or statements, it's challenging for traders to assess the broker's stability.
The main trading products available at Elite Capital Trade are CFDs on forex currency pairs (major, minor, and exotic), cryptocurrencies like Bitcoin and Ethereum, global stock indices, commodities including gold, oil and natural gas, shares of major companies in the US, UK, Germany, and Japan, ETFs on indices and commodities, as well as CFDs on soft commodities like coffee, sugar, and cocoa.
While the broker offers trading across these common asset classes, its overall selection of specific tradable instruments within each class is more limited and narrow compared to other online CFD brokers that provide access to thousands of global stocks, ETFs, and currency pairs.
Elite Capital Trade offers a range of account types designed to cater to the diverse needs of traders, whether you're a beginner or an experienced investor. Each account type comes with its unique set of features, including varying minimum deposit requirements, spreads, leverage levels, and additional benefits.
In this overview, we will delve into the details of Elite Capital Trade's account offerings, helping you better understand which account suits your trading preferences and objectives
Account Type | Minimum Deposit | Spreads From | Max Leverage | Products |
Standard | $250 | 1.2 pips | 1:500 | Forex, stocks, commodities, indices |
ECN | $1,000 | 0 pips | 1:100 | All products |
Pro | $25,000 | 0 pips | 1:500 | All products + tools |
Islamic | $1,000 | 1.5 pips | 1:500 | All except swap pairs |
Opening an account with Elite Capital Trade is a straightforward process. Here are three specific steps to get started:
Registration: Begin by visiting the Elite Capital Trade website and clicking on the “Sign Up” or “Register” button. You'll be asked to provide your basic information, including your name, email address, and phone number.
Account Selection: After registration, you'll choose the type of trading account that best suits your needs, such as Standard, ECN, Pro, or Islamic. Each account type has its own features and requirements.
Verification: To ensure security and compliance, you will need to complete the verification process. This typically involves submitting identification documents such as a passport or driver's license and proof of address.
Elite Capital Trade offers leverage up to 1:500 on certain accounts and assets, allowing traders to control much larger positions than the capital in their account. However, leverage levels vary depending on the account type and specific product. The maximum leverage is typically highest for forex pairs and lower for stocks, commodities, and indices. For example, major forex pairs can be traded with 1:500 leverage on the Standard and Islamic accounts, while the leverage may be capped at 1:50 or 1:100 for trading stocks and indices.
Overall, while high leverage is one of Elite Capital Trade's major advantages, traders should use it judiciously as leverage also exponentially increases risks.
Product | Max Leverage |
Major FX pairs | Up to 1:500 |
Minor FX pairs | Up to 1:200 |
Gold/Silver | Up to 1:100 |
Stocks/Indices | Up to 1:50 |
Cryptocurrencies | Up to 1:5 |
Elite Capital Trade offers competitive spreads, with some accounts having access to spreads as low as 0 pips on certain major forex currency pairs. The spreads offered vary depending on the account type. Commissions are not charged on forex and metal trades, but stock CFDs are subject to a commission of 0.1% of the trade value.
Overall, costs are competitive but can add up when both spreads and commissions are considered. The tightest spreads are available on the ECN and Pro accounts, while the Standard account has wider average spreads.
Account | Spreads From | Commission |
Standard | 1.2 pips | No commission on FX/metals. 0.1% commission on stocks. |
ECN | 0 pips | Same as Standard |
Pro | 0 pips | Same as Standard |
Islamic | 1.5 pips | Same as Standard |
Elite Capital Trade provides traders a choice of trading platforms to suit different needs and experience levels. The broker offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) third-party platforms focused on technical analysis and automated trading.
For beginners, Elite Capital Trade also provides its own proprietary web-based platform, Elite Trader, which has a simpler interface focused on ease of use. Between the MT4, MT5, and Elite Trader options, traders can choose the platform that provides their preferred features, tools, and functionality. Key attributes of each platform are summarized below.
Elite Capital Trade offers a range of instant deposit options with cards and e-wallets, allowing quick funding of trading accounts. Bank wires take 1 business day to process deposits.
Withdrawals are also processed within 24 hours for e-wallets, while wires and debit/credit cards take longer at 24-48 hours and 3-5 days respectively. The broker does not charge any withdrawal fees except for a 3% charge on card withdrawals.
Overall, the deposit and withdrawal options are competitive, but the processing time for wire and card withdrawals could be improved, as some brokers process these within 1-2 days.
Feature | Deposits | Withdrawals |
Options | Bank wire, debit/credit cards, e-wallets | Bank wire, debit/credit cards, e-wallets |
Fees | No fees | No fees for wire & e-wallet. 3% fee for cards. |
Timing | Instant for cards & e-wallets. 1 day for wire. | 24-48 hours for wire. 3-5 days for cards. 24 hours for e-wallets. |
Elite Capital Trade provides customer support largely through live chat, email, and phone during trading hours. Support is available in multiple languages but limited to weekdays. Overall, phone and live chat response is prompt but some users have complained about slow email response.
Elite Capital Trade provides multiple educational resources to help traders learn and develop their skills. These include an online trading academy with interactive courses for beginner to advanced traders, a video library with tutorials on using the trading platforms and risk management techniques, daily market analysis and trading ideas from in-house experts, and a regularly updated trading blog with insights on markets, assets, and analytical approaches. Webinars are also held frequently to provide training on new product offerings or market events. Additionally, senior traders are available to provide one-on-one guidance.
Overall, the broker offers a solid education program with materials for traders looking to expand their knowledge and become proficient in areas like technical and fundamental analysis.
Elite Capital Trade competes with other well-known brokers like XTB and IG to provide tight spreads and robust trading platforms. When compared to these alternatives, Elite Capital Trade stands out for its low spreads from 0 pips, high leverage up to 1:500, and choice of MetaTrader alongside its proprietary platform. However, XTB offers more assets to trade while IG provides more advanced charting and research tools.
Overall, Elite Capital Trade is competitive on spreads and costs but falls short on assets and platform features versus the other established brokers.
Broker | Spreads | Leverage | Platforms | Assets | Tools |
Elite Capital Trade | From 0 pips | Up to 1:500 | MT4/MT5, Proprietary | 40+ FX pairs, stocks, indices, commodities | Basic |
XTB | From 0.1 pips | Up to 1:500 | Proprietary xStation, MT4 | 1500+ stocks, ETFs, indices | Advanced charting |
IG | From 0.6 pips | Up to 1:200 | L2 Dealer, Proprietary | 17,000+ markets | Advanced tools, reports |
In conclusion, Elite Capital Trade is best suited for active forex and CFD traders looking for very low spreads starting from 0 pips and the high leverage of up to 1:500. Traders can choose between MT4/MT5 and Elite's own web-based platform. The broker provides multiple account types with competitive pricing, especially for high volume traders.
However, Elite Capital Trade has a smaller selection of tradable instruments compared to other brokers. They lack financial transparency and are unregulated, meaning no investor protections. While customer service is generally responsive, there have been complaints about occasional platform and execution issues.
Overall, Elite Capital Trade delivers on competitive spreads and pricing but falls short when it comes to asset selection, regulation, and trading infrastructure compared to more established brokers.
Q: Does Elite Capital Trade offer negative balance protection?
A: No, Elite Capital Trade does not offer negative balance protection on trading accounts.
Q: What is the minimum deposit for a Standard account?
A: The minimum deposit for a Standard account is $250.
Q: Does Elite Capital Trade allow scalping strategies?
A: Yes, scalping is permitted on all account types at Elite Capital Trade.
Q: Can I trade cryptocurrencies on the MetaTrader 5 platform?
A: Yes, cryptocurrency CFDs are supported on the Elite Capital Trade MT5 platform.
Q: Is Elite Capital Trade regulated by any financial authorities?
A: No, Elite Capital Trade is not currently regulated by any major regulatory bodies.