Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Ellipsys

Mauritius|5-10 years|
MT4 Full License|Regional Brokers|High potential risk|

http://www.elpmarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
ZenTrade-Server MT4
Server Location United States

Contact

+44 2032874433
info@elpmarkets.com
http://www.elpmarkets.com/
2nd Floor, C&R Court, 49, Labourdonnais Street, Port-Louis, Mauritius.

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2032874433

Other ways of contact

Broker Information

More

Company Name

Ellipsys Financial Markets

Abbreviation

Ellipsys

Platform registered country and region

Mauritius

Company website
Twitter
Facebook
Instagram
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-07-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Ellipsys · WikiFX Survey

Users who viewed Ellipsys also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Ec Markets

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

KCM Trade

7.75
Score
5-10 yearsStraight Through Processing(STP)MT4 Full License
Official website

IC Markets

9.05
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Ellipsys · Company Summary

Ellipsys Review Summary
Founded 2-5 years
Registered Country/Region Mauritius
Regulation Unregulated
Market Instruments Currencies, futures, indices
Demo Account Available
Leverage 1:100
EUR/ USD Spreads Variable
Trading Platforms Zen Trader and Vertex
Minimum Deposit $50
Customer Support Phone, email

What is Ellipsys?

Ellipsys Financial Market is an unregulated broker based in Mauritius that offers a range of brokerage services to retail traders. With a focus on providing a diverse set of trading opportunities, Ellipsys allows clients to engage in forex trading, indices trading, and stock trading across different asset classes.

Ellipsys' home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
  • A range of trading instruments
  • Not regulated
  • Demo accounts available
  • Social media presence

Ellipsys Alternative Brokers

There are many alternative brokers to Ellipsys depending on the specific needs and preferences of the trader. Some popular options include:

  • Eightcap – Atrusted broker that offers competitive trading conditions, including tight spreads, flexible account options, and a user-friendly trading platform, making it a top choice for both beginner and experienced traders looking for a seamless trading experience.

  • BlackBull Markets – A reputable forex and CFD broker known for its institutional-grade liquidity, competitive pricing, and advanced trading technology.

  • Darwinex - An innovative online brokerage that offers a unique investment platform where traders can turn their trading strategies into investable assets.

Is Ellipsys Safe or Scam?

Ellipsys currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with Ellipsys, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Ellipsys offers a range of trading instruments across different asset classes, including:

  • CFDs (Contract for Difference): CFDs are derivatives that allow traders to speculate on the price movements of various financial assets, such as stocks, commodities, currencies, and indices, without actually owning the underlying asset.

  • Currencies: Ellipsys provides the ability to trade a wide range of currency pairs in the foreign exchange (Forex) market. This allows traders to speculate on the exchange rate fluctuations between different currencies.

  • Futures: Futures contracts offered by Ellipsys allow traders to buy or sell a specific asset at a predetermined price and date in the future. These contracts are commonly used for commodities, such as oil, gold, or agricultural products.

  • Indices: Ellipsys offers trading on various stock market indices, including major global indices like the S&P 500, FTSE 100, or DAX. Traders can speculate on the performance of an index without having to trade individual stocks.

  • Liquidity: Ellipsys provides liquidity solutions to financial institutions and brokers. This allows them to access deep liquidity pools and execute trades efficiently.

  • White Labels: Ellipsys offers white labeling services, allowing businesses to use Ellipsys's trading infrastructure and technology under their own brand. This enables brokers and financial institutions to establish their own trading platforms and offer customized trading solutions to their clients.

Accounts

Ellipsys offers two types of accounts: Retail Account and Corporate Account.

  • Retail Account:

The Retail Account is designed for individual traders who want to engage in personal trading activities. The minimum deposit requirement to open a Retail Account is $500. Additionally, the minimum top-up deposit, which refers to adding more funds to your account, is $50. Ellipsys does not charge any fees for bank wire transactions, making it convenient for users to deposit and withdraw funds.

  • Corporate Account:

The Corporate Account is tailored for businesses and corporate entities that want to trade and manage their financial activities.

Corporate Account

Ellipsys also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.

Leverage

Ellipsys offers a maximum leverage of 1:100 to its traders. Leverage is a tool that allows traders to control a larger position with a smaller amount of capital. For example, with a leverage ratio of 1:100, a trader can control a position that is 100 times the size of their initial investment.

Leverage can amplify both potential profits and losses. While high leverage ratios like 1:100 can offer the opportunity for significant returns, they also come with increased risk. It is important for traders to understand that leverage magnifies the effects of price movements, meaning that losses can also be amplified.

Spreads & Commissions

Ellipsys offers fairly wide spreads. For instance, the spread on the EUR/USD currency pair is 2 pips, indicating a larger difference between the bid and the ask price which may result in higher costs for traders. Similarly, the spread on the GBP/USD pair is 3 pips and USD/JPY also has a spread of 3 pips. These broad spreads could potentially present more risk or cost to the trader.

Spreads

With no available information on commissions, we cannot accurately determine the total cost a trader may incur when trading with Ellipsys. It's crucial for traders to account for these costs to properly gauge their potential profitability.

Trading Platforms

At Ellipsys, clients have access to two trading platforms: Zen Trader and Vertex.

  • Zen Trader:

Zen Trader is a state-of-the-art dealing and order management system offered by Ellipsys. With Zen Trader, clients can enjoy real-time charting, execute trades, and manage their portfolios from anywhere in the world. The platform provides clients with a user-friendly interface and a range of advanced features to enhance their trading experience.

Zen Trader
  • Vertex:

Vertex is part of the Zen Trader platform as Zen Pro's Client Trader Terminal. This terminal likely offers real-time profit and loss positions, daily and monthly statements, and access to trading history and open positions 24 hours a day.

Vertex

Deposits & Withdrawals

Ellipsys offers various options for depositing and withdrawing funds from trading accounts. Clients can utilize the following payment methods:

  • Credit Card:

Clients can securely link their credit card to their trading account and conveniently transfer funds in and out. Credit card transactions provide a quick and straightforward way to manage funds, allowing clients to start trading or withdraw profits efficiently.

  • UnionPay:

UnionPay is a popular payment network widely used in China, offering a secure and reliable method for depositing and withdrawing funds.

  • WINTECH:

WINTECH is a payment solution that enables seamless online transactions. By connecting their WINTECh account to Ellipsys, clients can conveniently transfer funds, making deposits or withdrawing profits with ease.

payment methods

Ellipsys minimum deposit vs other brokers

Ellipsys Most other
Minimum Deposit $50 $100

Order Types

The Market Order

The Limit Order

The Stop Order

Good for the Day (GFD)

Customer Service

Ellipsys offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 2032874433

Email: info@elpmarkets.com

Address: 2nd Floor, C&R Court, 49, Labourdonnais Street, Port-Louis, Mauritius

Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram.

Whats more, Ellipsys provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, Ellipsys aims to provide transparency and clarity to their clients, helping them make informed decision.

Conclusion

In conclusion, Ellipsys is a trading platform that offers a range of services to its clients. The platform provides access to various financial markets, allowing traders to diversify their portfolios and capitalize on different trading opportunities.

However, Ellipsys doesnt have regulation. Therefore, traders should verify the regulatory status of Ellipsys or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.

Frequently Asked Questions (FAQs)

Q 1: Is Ellipsys regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Ellipsys?
A 2: You can contact via phone, +44 203287 and email, info@elpmarkets.com.
Q 3: Does Ellipsys offer demo accounts?
A 3: Yes.
Q 4: Does Ellipsys offer the industry leading MT4 & MT5?
A 4: No. Instead, it offers Zen Trader and Vertex.
Q 5: What is the minimum deposit for Ellipsys?
A 5: The minimum initial deposit to open an account is $50.
Q 6: Is Ellipsys a good broker for beginners?
A 6: No. It is not a good choice for beginners because of its unregulated condition.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Review 1

1 Comments
Write a comment
All(1) Latest Neutral(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com