Elland Road Capital Review – The Truth About The ellandroadcapital.com Broker
Broker status | Regulated Broker |
Regulated by | FSCA |
Scammers Websites | ellandroadcapital.com |
Blacklisted as a Scam by | No Info |
Owned by | Elland Road Capital PTY LTD |
Headquarters Country | South Africa |
Foundation year | 2022 |
Supported Platforms | MT4, WebTrader |
Minimum Deposit | $250 |
Cryptocurrencies | Forex / Indices / Commodities / Shares / Crypto |
Types of Assets | Available – BTC, ETH, ADA… – total 10 |
Maximum Leverage | 1:400 |
Free Demo Account | Yes |
Is Elland Road Capital A Legit Broker?
Elland Road Capital is regulated by the FSCA. The broker has been in operation since 2022 and is regulated under South Africa’s FSCA.
The FSCA, however, is a Tier 2 regulatory body and therefore not as reliable or competent as Tier 1 regulators like the FCA. ASIC, CFTC. BaFin. South Africa has a few laxer regulations. According to some reviews, Elland Road Capital may have exceeded its license.
You’ll see negative reviews about Elland Road Capital in any trading forum. There is a lot of evidence against this broker. Please take these facts into consideration if you still want to trade with this broker.
Check out brokers who are regulated by the European Securities and Markets Authority, the UK’s FCA or the US CFTC & NFA.
Reviews of Elland Road Capital
We are doing this Elland Road Capital Review because of client complaints. This brokerage has scammed many traders and we don’t want them to claim any more victims. It is important to share other people’s experiences.
Some traders have even provided evidence of fraud. These complaints were found on Trustpilot and WikiFX.
hi this company is bogus and its account manage MAHIR is one of the worst manager ever he robbed me 8k dollar , and my account has been washed off over night because of his stupidity…
– Trustpilot user, April 21, 2023.
For the first contact, I was guided to open an account with 250 US dollars on the phone. After that, I felt unsafe and didn’t want to invest anymore. I wanted to withdraw the $250 out but couldn’t…
– WikiFX user, February 15, 2023.
Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Stockdexx, UltraPrimeFX, InsiderMark.
Elland Road Capital Trading Assets
This broker provides these trading tools:
- Forex: EUR/USD, GBP/JPY, AUD/CAD…;
- Indices: S&P500, FTSE100, NIKKEI225;
- Commodities: Crude oil, gas, gold…;
- Stocks: Apple, Coca-Cola, Visa…;
- Crypto: BTC, USDT, ETH…
Elland Road Capital Trading Accounts
Elland Road Capital offers five different account types:
- Classic: 250 $, EUR/USD spread 2.5 pips;
- Silver: EUR/USD spread 2.5 pips;
- Gold: EUR/USD spread 1.8 pips;
- Platinum: EUR/USD spread 1.4 pips;
- VIP: EUR/USD spread 0.9 pips.
Elland Road Capital did not specify the minimum deposits for the accounts. We only know that the Classic Account costs at least $250.
Spreads aren’t competitive. Elland Road Capital has a leverage cap of 1:400. This is extremely risky, and is well above ESMA’s limit 1:30. This level can lead to huge losses.
Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.
Chargeback Is Your Solution!
A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods.
By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost.
However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.
Request a free consultation today by clicking the button below!
Elland Road Capital: Video
You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Elland Road Capital. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Elland Road Capital!
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FAQ
- What is the Minimum Deposit at Elland Road Capital?
250$
- Is Elland Road Capital a Legit Broker?
Even though Elland Road Capital is regulated by South Africa's FSCA, this regulator is Tier 2 and not as reliable as Tier 1 regulators. Also, this broker has a lot of negative reviews.
- Can I Try a Demo Account?
Yes. Demo account is available.
- Elland Road Capital Maximum Leverage
1:400
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