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The WikiFX Score of this broker is reduced because of too many complaints!

Elland Road

South Africa|2-5 years|
Financial Service Corporate|White label MT4|Regional Brokers|Suspicious Overrun|High potential risk|

https://ellandroadcapital.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

4
Server Name
EllandRoadCapital-Demo MT4
Server Location United Kingdom

Contact

+27 101572581
support@ellandroadcapital.capital
https://ellandroadcapital.com/
Office 162, First Floor, Willow bridge Centre, Carl Cronje Dr, Cape Town, 7530, South Africa
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Disclosure

More

Danger

ES CNMV
2024-03-04

Danger

FR AMF
2023-11-02

Contact number

English

+27 101572581

Broker Information

More

Company Name

Elland Road Capital PTY LTD

Company Abbreviation

Elland Road

Platform registered country and region

South Africa

Company website
Twitter
Facebook
Instagram

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-06-21
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 52127)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Elland Road · WikiFX Survey

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Severe Slippage

Lose life savings

I advise everyone to stay as far away as possible, regardless of whether it is a scam or a real investment transaction. This is a bottomless pit. I lost nearly $400000 in total, my life savings. I can only blame myself for being greedy, unwilling, and wanting to earn back after losing, just like gambling. They will have different people tell you, they will help you transfer it back, and they will give you a bonus. But you also need to invest yourself, always wanting you to invest, but in the end, all your positions will be closed and all the funds will be gone. I hope no one will be like me again, this is a very painful price.

2023-06-08 18:56
Scam

Fake investment and collects money

On 2/17, I saw a webpage (using the name of Guo Taiming) on the website saying that as long as you invest more than 7,000 yuan, you can make money quickly. I couldn’t help but click on it, and there was an overseas phone number (showing the UK), call me , asked me to open an account, uploaded a bunch of identity documents, and said that I would need to swipe the card for 250 US dollars. I opened 2 transactions, both of which were profitable, and tested whether there was any problem with their withdrawal. The withdrawal was 100 dollars, and it was refunded to the credit card. On 2/20, it was said that some funds should be added. When the card was swiped, it was 2-3 thousand It is not a small amount to make a deposit of 10,000 U.S. dollars. I can’t use a credit card for 4,000 U.S. dollars. I keep telling her that I have no funds. She keeps calling like a debt collection agency every hour of the day, and says she has a contract with the supervisor. , I must make up 10,000 US dollars, 2/22-23 I made up the remaining funds, I want to say that this is no problem, and I keep telling her that I will not increase the funds, I still have to live, and there are 4 more She wanted to raise a child, so she said she knew that on 2/28, she earned thousands of dollars even after a holiday, and on 3/2 she said that it had been 15 days, and my credit card bill has not yet come down, and I have to deposit another 10,000 dollars. I want to say that I don’t care about her. I didn’t expect that the transaction she opened before had a huge loss, and the margin level was very low, so I had to deposit 4,400 US dollars. I told her that I didn’t promise to deposit 10,000 US dollars. I became your silver member. Tianming Manager (a foreigner who speaks Chinese) called me and said how about I let you invest here without charging, saying that there is a contract? , to make up the remaining funds, I told him to withdraw, he said to make up the amount first and then quit, 3/3 after I made up the amount, 3/4 Saturday found that the mobile phone could not connect to the website, connected to the warning and fraud page in Taiwan, my heart It’s cold, my stomach hurts, and I can log in to the website again on Monday. When I called, I asked her that there were two unrecognized losses that were high. What should I do? After earning it back, it only cost more than 1,000 overnight for a week. Before that, I only earned 8,000 US dollars. On the night of 3/7, the British pound fell sharply against the US dollar. , I don’t plan to make a deposit, and I’ve been on the phone all day. I decided to save myself and close all small losses (the set point is at the end, and it will never be reached in the short term). It will drop a little less. The previous balance was 30,000 US dollars, and the remaining 5,000.6, I directly applied for withdrawal, but the other party said that she must approve the withdrawal before withdrawing. It is very shameless to ask me to listen to her operation before withdrawing and getting back the remaining money. Asked me to cancel the refund, said that the points would be refunded, opened a bunch of transactions, and lost them all! In the end, she asked me if I want to increase the funds and she helped me earn it back. I was almost pissed off by her, saying that I earned it back Quit again, I said no need! I hope that no one will be deceived again in the future. High-risk investment should be operated by oneself. Don’t listen to others how to operate. In the end, the loss is more than the profit. It is a fraud group, fake investment, real money!

2023-03-10 01:45
Scam

I was cheated out of a large sum of money.

I saw the ad on Facebook around the middle of September, and I trusted it because it said I could invest as little as $250 and it had the Amazon logo on it. The manager in charge, Zeki, told me to transfer $250 (35844Yen) to my account on 9/25. Then the manager in charge was replaced by a guy named David, and he told me that the current amount of money was not profitable, so I made a transfer of ¥289240 on 9/28 to the account name K)Polpa Aim. A few days later, I was asked to make an additional investment because of a big deal, but I never received any money back and I told him that I didn't trust him and that I couldn't invest as it was, but on 10/11 he transferred ¥72510 ($500 worth) to my account. I was told that there would be another big deal later and I was under the illusion that I could make a lot of money since they showed me how much it had gone up last time. However, they told me that due to the system, I could only invest from $10,000 and that they would refund me the money as soon as I made a profit this week. I was told that if I made a profit, they would refund me as soon as this week, so I reminded them repeatedly that I would definitely get my money back. I emailed my account manager every day and in the meantime, my account balance was getting smaller and smaller because I was still trading with WebTrader. I emailed them and asked them to take responsibility for the damage caused by the sudden loss of contact with the manager in the first place, but all I got was the same response. A few days later, I received a phone call from a guy named Tom who said that David, the manager in charge of the case, was sick and was taking a leave of absence. I was so mad that I complained a lot and asked for a refund including the amount I lost, but he said don't worry, I'll get it back and I'm sure I'll make a profit, and he forced me to trade with him again and I couldn't contact him again. I was told that David had voluntarily resigned from the company, but he insisted that I refund the money. In the end, my balance was about $70. 

2022-12-18 16:56
Unable to Withdraw

FRAUD, SCAM, BLACKMAIL, FAKE, CHEATING, RUTHELESS -- I wanted to add more synonyms to ELLAND ROAD CAPTIAL. And INDIANS please BEAWARE of this.

I have gone through depression after losing 20lacs, Writing this review as I have just recovered from that. My ADVICE(Adding it here before the BAD Review as whoever reads this review will benefit from this. I have lost and I know PAIN.)– Don't panic if you are invested in ELLAND ROAD CAPITAL and then you read all the fraud reviews. Be calm and take your money slowly without making them understand your feelings and mind to withdraw. Once they know you want to withdraw, Trust me the picture will change. Ask for a withdrawal option and transfer a small amount so that your account/credit card will be approved for transfer. Make sure all your Trades are closed on the same day. Don't leave the trade open for a long time as chances of losing money are higher. Avoid opening the trades by not adding a TP. If you wish to withdraw the funds, make sure you don't have trades open and watch them and close even if you have less profit and then make an internal transfer. Never trust your Account Manager once you have decided to withdraw the funds. I feel until our money is in the wallet it may be safe(as I have received 1% of what I have invested refunded to my credit card) as I have noticed the Account manager will go mad if you move the money from trading account. I believe they can't manipulate the amount in the wallet and they have all possible options to make all your equity vanish if the amount is in the TRADING Account. NEVER screen share your bank accounts or personal information. They are professional scammers, they manipulate your investments and if you say no they will stop calling you continuously for a couple of days and again their calls to manipulate you will start and they will ask you to add more capital and show more profit, which they will never do after the funds transfer. If you say you don't have money to invest, they have all the options to manipulate(religiously) you till you go and share the screen with them and they will ask you to take loans and they apply for the loan and then invest the money and promise to withdraw them once we see some profits so that you can close the LOAN. (NEVER Spend more time on the call talking with them if you have money and READY to LOOSE then go AHEAD.)Once you invest and if you ask for withdrawal, the picture will take a UTurn. They will call every 10mins until you invest and, on the other hand, they claim they are not simply seating for us and they have 65million people to speak. Then why the hell did they have so much time to call us till late evening 21;00 IST. After investing, when you understand/know about the FRAUD of Elland Road Capital, the next step you do is to withdraw the money or make an internal transfer to your wallet from the trading account – then here comes our heroes(SO Called Account Manager) they will go MAD on your transfer and they called me 50times to 10 emails to pick their call. After that, they will blackmail you saying they will close your account if you don't transfer your money back to a trading account(PS: Don't listen to them and don't transfer your funds from your wallet) and they are very RUDE and say they don't want to do trading with you and promise(FALSE) you to wait till the end they will move all you funds to your account. Once you transfer the funds back to you, the site will temporarily go down and they will not call you and all your money will soon turn into RED. Late evening one of the so-called assistants will call you with a FAKE English accent and he feels we are their servants and ask to open trade as your trades are RED and then you go near to loosing all your money. They will call you for a couple of days to ask you to open trade, which eventually turns into RED making a FLASE promise about withdrawal and DIVERSIFYING. Later you will never receive a call from them and all your trades will be moving, closer to the negative balance, reducing your equity. One fine day, suddenly at night they will call you saying your margin levels are down. I don't know who your account manager is and ask to login to add more capital then claims they are from finance team and they have no connection with account manager and finally says your account manager is on sick leave(Remember the account manager will give you a hint saying he will be on leave after 2 weeks while speaking to you on investing more). As you have already LOST all your money and we can't add more CAPITAL and when we say that, they will disconnect the call and soon all your trade will be closed and you end up LOOSING everything. They will never reply to your emails. You can't call them or contact them. All their calls are from the UK and they are professional scammers sitting somewhere with a FAKE Accent and FAKE Identity.

2023-04-03 15:13
Unable to Withdraw

ellandroadcapital stock investment fraud

Please. It's unfair. Please help me. I lost a lot of money, about 14,000,000 won, in an instant through a stock investment scam at Elland Road Capital. I suffered so much stress and pain. Once money has been deposited, withdrawal is not permitted even if a withdrawal request is made. The entire investment amount will never be returned. The money is nowhere to be found. Currently, a withdrawal request balance of $2270.00 is requested. Payment is not being approved. (Attachment below) When making a deposit (investment), the deposit is received by changing the bank and depositor to a personal account. The details of the deposit are disclosed. December 2023 Hana Bank - Eunju Jeong 1,035,86323 December 2023 Kookmin Bank - Co., Ltd. Red ticket 1,575,000December 2023 Industrial Bank of Korea - Jaewon Park 1,386,362December 2023 Hana Bank - Eunjoo Jeong 693,181December 2023 Industrial Bank of Korea - Jaewon Park 5,000,000December 2023 Industrial Bank of Korea - Jaewon Park 4,000,000** The account manager is Turkey (Asia) Manager-Met.** When I say that I do not understand why I cannot issue the invested money, he tells me to report it to the police. At first, they say that you can make a lot of profit, and they show you and explain what the Santa Claus Rally is by searching the Internet for Santa Claus Rally. In the stock market ahead of Christmas, data shows that everyone has made big profits starting around Christmas every year for over 70 years. World-famous big companies like Apple, Tesla, and Facebook also explain that they all invest in stocks at Christmas time to avoid paying taxes. Account Manager: This is a story told by Turkey (Asia) Manager-Met. Then, he said he was the team leader and changed the phone call to the woman. She says only about 200 people will be recruited and if she is selected she will not be able to invest. If you deposit at least $10,000, you can all invest together on the same day in time for Christmas. Additionally, your level will be updated to Silver, fees will be significantly reduced, and you will receive $2000.00 in credit, which will allow you to make a large profit of about $1000 or more. They encouraged deposits by showing data that if you invest $25,000, you can earn a profit of about $2000.00 or more by giving $5000.00 in credit. I ended the transaction and requested to withdraw the remaining balance of $8400,00. She called me right away and got upset. I decided to call later and ended the call. An hour later, I got a call from Met, the manager in charge of Asia in Turkey. I was told that if I trade for one day and wait, I can withdraw my money tomorrow. After starting trading, all $8400 was withdrawn within 1-2 days of trading. I am writing this in the sincere hope that there will be no more victims.

2023-12-20 05:02
Unable to Withdraw

Suspicious and Fraudulent Modus of operandi

Allandroad account is: (*******)Will share details step by step in few weeks since it is in scrutiny. But if there was rating in Negative I would have put -5.Not because of loss/profit, but overall their modus of operandi. Will suggest to all to be cautious, if you are sharing credit card details at international level and pressurized to add more money showing temporary some profits.If you start noticing your holding in loss after some profit please stop it there itself and withdraw your remaining amount immediately, and change you credit card immediately.Even if you show the Trustpilot/other review and asked them,they will give you examples of some know national Company negative review.This is a trap. Please don't go for it.You will be in loss,not because of shares., but you will never receive your invested money back as they don't have any withdrawal process on its own. You need to get their approval which will only be for first time to gain your confidence (that too after few reminders) and next time your money will be gone. Not sure if its really getting invested in Market itself.This is screenshot of same card from which fraudulent international transaction did happen. Apart from this I have also share some Audio recordings which was always on internet and attachment( email by their account /sales manager "*******@ellandroadcapital.com ") to "*******@ellandroadcapital.com>" email. I need my money back since I am sure it was not at all a loss which they want to proof. IN fact I can say that was not trading but trap, to get our hard earned moneySteps how I faced the number of fraudulent issues after registering to Ellandroad:1) You just click the URL and curiously enter the email Id details2) Their person will immediately call you and insist very politely to complete your registration and they will add credit of amount $50(This is 1st trap) to convince you. The minimum amount is 250$ to get yourself registered They will also insist to use credit card only as the other payment option will not work.3) They will very humbly help you to enable your international transaction feature (This is 2nd trap)4) Immediately their sales person will start calling you on Zoom meeting to start trading. He will get familiar to you and also some of your monetary related issue5) You will be happy to see some positive trading for 2 to 3 days.(This is 3rd trap)6) Now sales person will insist to add some more amount.7) You will somehow add minimum again and that is 250$.I have also added.8) Since I had a doubt on overall withdrawal process I tried to withdraw some amount. This sales person has immediately call me to know why I am withdrawing my amount. Not sure why I did not suspicious about it, but you will need to give justification to withdraw your own amount (Why we need to justify not sure). He said that without my approval you cannot. Which should have clicked to me, but he immediately asked that since he is SPOC for me and all my issues will be addressed by him and that is the reason I need to contact only him. He asked me to share the bank account and IFSC code to deposit the money. The account details taken by him is never visible in withdrawal section and also did not see any transaction ID.9) Sales person will leave you alone for some days so that you can do some transaction on you own if you don't add any more money which he has insisted for.10) In my case the transaction was going in loss and hence to sustain I have to add more money.(4th Trap)11) Since I was not taking his call almost for a week and also did not add anymore money, thinking there is some problem around overall process, but was not sure so decided not to add anymore money irrespective if it profile /loss. Vey next week, the day has arrived i.e. 25th July.A) I received the SMS for same card from which I have done the payment to ELLANROAD that about 729$ is deducted without any OTP and so on. And immediately second SMS. Lucky me since I have added the limit in the card. I got my card blocked immediately, but there was loss of 729$ which also reported disputeB) On the same day after blocking my card I tried to withdraw some amount from Ellandroad (so initiated the process) since already was suspicious about the incident and my transaction was showing some profit.C) Shahz immediately call me during office hrs for completing one transaction, and since that day I was little disturbed with overall incidence happening, I think I did realize but till the time I can conclude he has given last blow. He insisted to complete it since will not take much time. In hurry I did not realize this person was not looking for any profit for me but wanted to get my account closed by enabling major loss. Within 5 minutes all my amount got vanished. I have added the details of my last transaction. Within 5 min it was 400+$ loss and that also closed my all other transaction too.I can share the call record logs for 25th July too.I have share all my experience step by step. Hope this can help other to decide wisely. Also somewhere I wish to get my hard earned money back. Not sure how and who can help.

2023-08-29 20:56

    Elland Road · Company Summary

    Registered in South Africa
    Regulated by No effective regulation at this time
    Year(s) of establishment 1-2 years
    Trading instruments Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, futures
    Minimum Initial Deposit Information not available
    Maximum Leverage 1:400
    Minimum spread 0.9-2.5 pips for EURUSD
    Trading platform MT4, webtrader
    Deposit and withdrawal method Bank wire transfer, APMs
    Customer Service Email/phone number/address/live chat
    Fraud Complaints Exposure Yes

    Overview of Elland Road

    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.

    Elland Road Capital offers different account types, including Classic, Silver, Gold, Platinum, and VIP, each with its own set of features and benefits. To open an account, visit their website and follow the account creation process. The broker provides a browser-based trading platform called WebTrader, which offers access to international markets without the need for prior downloads.

    Customer support can be contacted via email or phone, and a live chat option is available on their website. However, it's worth noting that Elland Road Capital has received numerous negative reviews on WikiFX, with complaints of severe slippage, difficulty in withdrawing funds, and fraudulent practices. It is advisable to approach this broker with caution and consider alternative options based on the available information.

    basic-info

    Pros and Cons

    Elland Road Capital PTY LTD is a regulated broker under the supervision of the Financial Sector Conduct Authority (FSCA) in South Africa. While it offers a range of market instruments, account types, leverage options, and trading platforms, it is important to approach this broker with caution. There have been complaints and warnings about potential risks and scams associated with Elland Road Capital, as reported by WikiFX. Traders should thoroughly research and consider the potential risks before engaging in any financial activities with this broker. Below is a table summarizing the pros and cons of Elland Road Capital:

    Pros Cons
    Regulated by FSCA Complaints and warnings on potential risks and scams
    Range of market instruments Negative reviews and allegations of fraudulent practices
    Different account types available Reports of difficulties in withdrawing funds
    Maximum leverage of up to 1:400 Severe slippage and manipulation of trades reported
    WebTrader platform Loss of life savings reported
    Economic Calendar and Chart Analysis tools Pressure to invest more money reported
    Customer support available via email, phone, and live chat Lack of positive reviews and recommendations

    Is Elland Road Legit?

    Based on the information provided, Elland Road Capital (Pty) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The license number is 52127, and the effective date of regulation is 2022-02-10. The regulatory agency responsible for overseeing Elland Road Capital's activities is the FSCA. The license type is Financial Service Corporate.

    However, it is worth noting that the previous detection mentioned complaints received by WikiFX and warned about potential risks and scams associated with this broker. It is essential to exercise caution and thoroughly research and consider the potential risks before engaging in any financial activities with Elland Road Capital or any other broker.

    regulation

    Market Instruments

    Elland Road offers a range of market instruments for trading. These instruments can be categorized into several types:

    1. Foreign Exchange Transactions: Elland Road provides trading opportunities in various currency pairs, such as AUDCAD (Australian Dollar vs Canadian Dollar), AUDCHF (Australian Dollar vs Swiss Franc), AUDJPY (Australian Dollar vs Japanese Yen), AUDNZD (Australian Dollar vs New Zealand Dollar), and AUDUSD (Australian Dollar vs US Dollar). These currency pairs have leverage of up to 400:1.

    products

    2. Commodity Trading: Elland Road allows trading in various commodity futures, including BRENT (Crude Oil Brent Cash), USOIL.c (West Texas Intermediate Crude Oil cash), COCOA.f (Cocoa US Futures), COFFEE.f (Coffee US Futures), USCOP.f (Copper Futures), COTTON.f (Cotton US Futures), NGAS.f (NGAS Futures), SUGAR.f (Sugar US Futures), and CORN.f (Corn Futures). The leverage offered for these commodities is up to 200:1.

    products

    3. Index Trading: Elland Road offers trading on cash indices, including AUD200 (Australia 200 Cash Index), DE40 (Germany 40 Cash Index), ES35 (Spain 35 Cash Index), F40 (France 40 Cash Index), JP225 (JPN225), N25 (Netherlands 25 Cash Index), STOXX50 (Euro 50 Cash Index), and UK100. The leverage available for index trading is up to 200:1.

    products

    4. Encrypted Money Market: Elland Road provides trading opportunities in various cryptocurrencies, such as BTCUSD (Bitcoin vs. USD), BCHUSD (Bitcoin Cash vs. USD), ETHUSD (Ethereum vs. USD), LTCUSD (Litecoin vs. USD), XRPUSD (Ripple vs. USD), DOGEUSD (Dogecoin vs. USD), DSHUSD (Dashcoin vs. USD), XLMUSD (Stellar vs. USD), and XMRUSD (Monero vs. USD). The leverage for cryptocurrency trading is up to 5:1.

    products

    5. Stock Market: Elland Road offers trading on a selection of individual stocks, including AAPL.OQ (Apple), AIG.N (American International Group), AMZN.OQ (Amazon Com), BA.N (Boeing), BABA.N (Alibaba), BAC.N (Bank of America), C.N (Citigroup), CSCO.OQ (Cisco Systems), CVX.N (Chevron), and more. The leverage for stock trading is up to 1:5.

    products

    Pros and Cons

    Pros Cons
    Diversification opportunities Potential for high volatility
    Access to various currency pairs Risk of financial loss
    Trading in commodity futures Limited availability of some stocks
    Opportunity to trade on cash indices Limited leverage for cryptocurrency
    Availability of cryptocurrency trading Complexities in understanding markets
    Opportunity to trade individual stocks Risk of market manipulation

    Account Types

    Elland Road offers different account types for its clients, each with its own set of features and benefits. Let's briefly describe each account type without using the mentioned restricted words.

    CLASSIC ACCOUNT

    The Classic account is the basic account offered by Elland Road. It provides access to all available assets and offers leverage of up to 1:400 for Forex, up to 1:200 for Silver and Gold (Metals), Indices, Commodities, and up to 1:5 for Stocks/Equities. The minimum spread for major currency pairs like EUR/USD, GBP/USD, and USD/JPY is 2.5 pips, and for Crude Oil, it is $0.14. The Classic account requires a minimum deposit of 100 units of the account currency.

    SILVER ACCOUNT

    The Silver account is another option provided by Elland Road. It also offers access to all available assets, with the same leverage as the Classic account. The minimum spread for major currency pairs is 2.5 pips, and for Crude Oil, it is $0.14. The Silver account has a higher minimum deposit requirement of 20% of the account currency, which allows for more trading opportunities.

    GOLD ACCOUNT

    The Gold account is designed for traders who require additional features and benefits. It provides access to all available assets, including Forex, Silver and Gold (Metals), Indices, Commodities, and Stocks/Equities. The leverage offered is the same as the previous accounts. The Gold account has a lower minimum spread for major currency pairs, which is 1.8 pips, and a reduced spread for Crude Oil, which is $0.13. The minimum deposit required for the Gold account is 20% of the account currency.

    PLATINUM ACCOUNT

    The Platinum account is a higher-tier account with enhanced privileges. It grants access to all available assets, with the same leverage as the previous accounts. The minimum spread for major currency pairs is 1.4 pips, and for Crude Oil, it is $0.12. The Platinum account also offers additional benefits such as monthly insights. The minimum deposit for this account is 20% of the account currency.

    VIP ACCOUNT

    For those seeking a more exclusive trading experience, Elland Road offers the VIP account. It provides access to all available assets and offers the same leverage as the other accounts. The VIP account has the lowest minimum spreads for major currency pairs, starting at 0.9 pips, and for Crude Oil, it is $0.10. Additionally, VIP account holders receive weekly insights. The minimum deposit required for the VIP account is 20% of the account currency.

    To summarize, Elland Road offers a range of account types, including Classic, Silver, Gold, Platinum, and VIP. Each account type provides access to various assets, leverage options, and minimum deposit requirements, catering to different trading preferences and needs. It is important to carefully consider the features and risks associated with each account type before making a decision.

    Account Types

    Pros and Cons

    Pros Cons
    Access to diverse assets Higher minimum deposit requirements for some accounts
    Leverage options available Limited information on specific benefits and features
    Different minimum spreads Potential risks associated with trading
    Caters to various trading preferences Requires careful consideration of account types
    Offers exclusive benefits for higher-tier accounts

    How to Open an Account

    To open an account with Elland Road, follow these steps:

    1. Visit the Elland Road website and click on the “Create Account” button.

    open-account
    1. Fill in your first name in the required field.

    2. Enter your last name.

    3. Provide your email address, which will be used for communication and account verification purposes.

    4. Select your country code from the dropdown menu. For example, if you are in China, you may choose “+86”.

    5. Enter your phone number.

    6. Choose a strong password for your account. You can click on the “Show” option to display the password you are typing.

    7. Review all the information you have entered to ensure its accuracy.

    8. Once you have filled in all the required fields, click on the “Open Account” button to proceed with the account creation process.

    open-account

    Leverage

    Elland Road provides its clients with a maximum leverage of up to 1:400. Leverage refers to the ability to control a larger position in the market with a relatively smaller amount of capital. By utilizing leverage, traders can potentially amplify their profits or losses. However, it's important to note that higher leverage also carries increased risk.

    Spreads & Commissions

    Elland Road offers multiple account types for trading various instruments, including currency pairs like EUR/USD, GBP/USD, and USD/JPY, as well as Crude Oil. The spreads for these instruments range from 0.9 to 2.8 pips, depending on the account type. Additionally, there are commission fees associated with trading Crude Oil, which start at $0.10. Elland Road also highlights the benefit of commission-free depositing. Traders should consider these spreads and commissions, comparing them with other brokers, to make an informed decision that aligns with their trading needs and goals.

    spreads

    Non-Trading Fees

    1. Monthly Account Inactivity Fee: If there are no transactions on your account for at least one month or more, Elland Road Capital reserves the right to charge a monthly inactivity fee. The fee amount varies depending on the currency denomination of your account. The fee is $100 USD, 100 EURO, 100 CHF, or 100 GBP after 30 days of inactivity.

    2. Maintenance Fee: Elland Road Capital charges a monthly maintenance fee regardless of whether there are transactions on your account or not. However, if there are no transactions for at least one month, they may also charge a monthly inactivity fee in addition to the maintenance fee. The exact maintenance fee is $10 USD, 10 EURO, 10 CHF, or 10 GBP.

    Non-Trading Fees

    Deposit & Withdraw

    DEPOSIT:

    At Elland Road Capital, you have several options to deposit funds into your account. The accepted deposit methods include Credit/Debit Cards, Wire Transfer, and APMs (Alternative Payment Methods). These payment methods provide you with options in choosing how you want to fund your account. Additionally, Elland Road Capital supports multiple currencies for deposits, including EUR, USD, and JPY. Please note that the minimum deposit amount is 250 EUR/USD/JPY.

    WITHDRAWAL:

    When it comes to withdrawing funds from your Elland Road Capital account, there are specific requirements and options available. The minimum withdrawal amount varies depending on the withdrawal method. For Credit Card withdrawals, the minimum amount is 10 EUR/USD/JPY, while for Wire Transfer, it is 100 EUR/USD/JPY. However, if you prefer using e-wallets, you can withdraw any amount as long as it covers the associated fees.

    The withdrawal process typically takes approximately 8 to 10 business days to complete. It's important to keep in mind that the actual duration may vary based on your local bank's processing time. It is advisable to consider this timeframe and plan accordingly when initiating a withdrawal request.

    Furthermore, it's worth noting that the withdrawal method must align with the deposit method you used. In other words, if you made a deposit using APMs, you can only withdraw funds through APMs.

    Deposit & Withdraw

    Pros and Cons

    Pros Cons
    Various deposit options Minimum deposit amount requirement
    Multiple currency support Minimum withdrawal amount requirement
    Option to use various payment methods Duration of withdrawal process
    Consistency in withdrawal process Dependency on local bank's processing time
    Ability to withdraw any amount using e-wallets, covering associated fees Requirement to align withdrawal method with deposit method

    Trading Platforms

    WebTrader is a browser-based trading platform offered by Elland Road. It provides traders with new perspectives in CFD trading directly from their web browser without the need for prior downloads. With WebTrader, users have speedy access to international markets, enabling them to go the extra mile in their trading activities.

    Elland Road WebTrader comes with several special features. It offers single-touch trading options, a stop-loss feature, and ensures consistent connectivity for trading. The platform also can be used on any Android or iOS-based device, giving traders the freedom to trade on the go. Additionally, Elland Road WebTrader prioritizes reliability, with encrypted transactions and compliance with SAS70 servers. Traders can also benefit from various order types, including instant, request, market, and exchange market orders, along with access to their trades history for improved functionality.

    trading-platform

    Pros and Cons

    Pros Cons
    Browser-based platform Limited customization options
    Speedy access to international markets Lack of advanced trading tools
    Single-touch trading options Limited charting capabilities
    Stop-loss feature for risk management Limited technical analysis tools
    Compatibility with Android and iOS devices No support for algorithmic trading

    Trading Tools

    Elland Road provides traders with a range of trading tools to enhance their trading experience and decision-making. Two of these tools are the Economic Calendar and Chart Analysis.

    Economic Calendar: Elland Road provides traders with its cutting-edge Economic Calendar, which allows them to stay informed about key economic events. By utilizing this tool, traders can enhance their trading strategies and make informed decisions to improve their portfolio's performance. The Economic Calendar helps traders stay on top of important economic data releases, such as employment reports, GDP announcements, central bank meetings, and other significant events that can impact the financial markets.

    Chart Analysis: Elland Road offers a comprehensive Chart Analysis Widget that enables traders to maximize their chart analysis skills. With this tool, traders can stay updated on every price movement occurring in the markets. The Chart Analysis Widget provides real-time data and visual representations of price charts, allowing traders to monitor and analyze market trends, patterns, and potential trading opportunities. By utilizing this tool, traders can take control of their trading positions and effectively diversify their asset portfolio based on the insights gained from the chart analysis.

    Customer Support

    To contact their customer support, you can reach out via email at support@ellandroadcapital.com or call them directly at +27101572581. Additionally, a live chat option is available on their website. The customer support team operates from Monday to Friday, ensuring that you have access to their services around the clock.

    customer-support

    Reviews

    Elland Road Capital has received numerous negative reviews on WikiFX. Investors have reported severe slippage, loss of life savings, and difficulties in withdrawing funds. Some reviewers describe the company as fraudulent, engaging in scams, blackmail, and fake investments. There are complaints about being pressured to invest more money, manipulation of trades, and failure to honor withdrawal requests. Several reviewers have expressed caution and advised others to stay away from Elland Road Capital.

    reviews

    Conclusion

    In conclusion, Elland Road Capital (Pty) Ltd is a regulated broker under the Financial Sector Conduct Authority (FSCA) in South Africa, offering various account types and market instruments for trading. However, it is important to be aware of the potential risks associated with this broker, as indicated by complaints received by WikiFX. Negative reviews have raised concerns about slippage, difficulties in fund withdrawals, and allegations of fraudulent activities. Traders should exercise caution and conduct thorough research before engaging in any financial activities with Elland Road Capital or any other broker.

    FAQs

    Q: Is Elland Road Capital a legitimate broker?

    A: Elland Road Capital (Pty) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, which grants it legitimacy. However, there are complaints and warnings about potential risks and scams associated with this broker, so caution is advised.

    Q: What market instruments can I trade with Elland Road?

    A: Elland Road offers trading opportunities in foreign exchange transactions, commodity futures, index trading, encrypted money markets, and the stock market.

    Q: What are the account types offered by Elland Road?

    A: Elland Road provides Classic, Silver, Gold, Platinum, and VIP account types, each with varying features, benefits, and minimum deposit requirements.

    Q: What is the maximum leverage provided by Elland Road?

    A: Elland Road offers a maximum leverage of up to 1:400, allowing traders to control larger positions with a smaller amount of capital.

    Q: What are the spreads and commissions at Elland Road?

    A: The spreads for different instruments range from 0.9 to 2.8 pips, depending on the account type. Commission fees are associated with trading Crude Oil, starting at $0.10.

    Q: How can I deposit and withdraw funds with Elland Road?

    A: Elland Road accepts various deposit methods, including Credit/Debit Cards, Wire Transfer, and Alternative Payment Methods. Withdrawals can be made through the same method used for depositing, with specific requirements and minimum withdrawal amounts.

    News

    Ellan Road Capital making people fools

    ExposureEllan Road Capital making people fools

    2023-09-06 18:39

    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.

    WikiFX
    2023-09-06 18:39
    Exposure
    Ellan Road Capital making people fools
    “THEY ARE PROFESSIONAL SCAMMERS”- Victim said about Ellan Road

    Exposure“THEY ARE PROFESSIONAL SCAMMERS”- Victim said about Ellan Road

    2023-04-13 20:22

    "I lost my 20 lakhs and went into depression”. These are the words of a victim who complained against a broker called Ellan Road, on 3 April 2023 on WIKIFX.

    WikiFX
    2023-04-13 20:22
    Exposure
    “THEY ARE PROFESSIONAL SCAMMERS”- Victim said about Ellan Road
    Check Out This Forex Broker Elland Road Capital

    NewsCheck Out This Forex Broker Elland Road Capital

    2022-10-18 20:45

    Elland Road Capital has pioneered a new path in the world of internet trading. Behind what makes the trading world go "wow" is an innovative trading firm devoted to helping you spice up your trading profession. As the markets have risen dramatically in recent years, so have the trading opportunities. Elland Road Capital is here to create a name for itself by allowing you to lead the way you trade!

    WikiFX
    2022-10-18 20:45
    News
    Check Out This Forex Broker Elland Road Capital

    User Reviews

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    User comment

    22

    Comments

    Write a review

    Joseph3126
    3-6months
    Dear sir, I have a usd 3600 account with Ellandroad and it's been four days now that I cannot get any access to my account. Every time I try to log in it says: invalid email address. the same address i have always used to login. the chat does not respond, i tried to call many times, but just a music recording on the phone. please kindly advise if Ellandroad is a scam and i have been crooked..with thanks
    2024-01-23 17:19
    Reply
    0
    0
    Mona2940
    6-12months
    Will share details step by step in few weeks since it is in scrutiny . But if there was rating in Negative I would have put -5 .Not because of loss/profit , but overall their modus of operandi .Will suggest to all to be cautious ,if you are sharing credit card details at international level and pressurized to add more money showing temporary some profits .If you start noticing your holding in loss after some profit please stop it there itself and withdraw your remaining amount immediately, and change you credit card immediately . Even if you show the Trustpilot review and asked them ,they will give you examples of some know national bank negative review .This is a trap. Please don't go for it .You will be in loss ,not because of shares., but you will never receive your invested money back as they don't have any withdrawal process on its own . You need to get their approval which will only be for first time to gain your confidence (that too after few reminders ) and next time your money will be gone .Not sure if its really getting invested in Market itself .
    2023-08-25 18:12
    Reply
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    Lili1329
    6-12months
    Bewertet mit 1 von 5 Sternen Vor 19 Stunden WARNING AGAINST THE PRACTICES… WARNING AGAINST THE DISHONEST AND FRAGGEROUS PRACTICES OF ELLAND ROAD CAPITAL. I want to alert the community to a very negative and traumatic experience I had with ELLAND ROAD CAPITAL, AND ACCOUNT MANAGER SAMUEL SI. I was the victim of a most twisted scam, where they stole more than 200,000 dollars from me in one month. At first everything seemed promising, but as soon as I invested my money it was diverted to a tax haven, my money was never invested so no investments were made. To fall asleep twice I was able to recover 4000 dollars which gave me confidence but afterwards it became impossible to withdraw anything. They used the most underhanded tactics and false promises too good to be true (in hindsight) to lure me into their nets and convince me to trust them. I was deceived in the darkest and most hideous ways by Samuel SI (account manager) harassed daily making friend-friend and all forms of manipulation to make you lose your sense of reality. This experience has totally devastated me and I want to warn everyone about these dishonest practices by ELLAND ROAD CAPITAL. I had, at the beginning, also been given confidence by their FSCA, FSP license. I strongly advise you to stay away from ELLAND ROAD CAPITAL and especially to stop everything if you can.
    2023-07-26 16:45
    Reply
    0
    0
    EllandRoadCapital = SCAMMERS! STAY AWAY!
    6-12months
    STAY AWAY FROM ELLAND ROAD CAPITAL! DO NOT INVEST A CENT TO THIS SCAMMERS! I lost US$ 32 because of this scammers. They will manipulate and pressure you to "invest" more and more money and be sure all of them will be gone. They have zero interest to "teach" you how to trade, their only aim is to bankrupt you without any remorse. They prove beyond any doubt the unlawful and fraudulent conduct by: - social engineering tactics - luring a trader with admittedly zero trading experience such as myself into depositing more funds and taking increasingly more risk - false promises of substantial profits and creating toxic enthusiasm in a novice/rookie trader - psychological manipulation I advise everyone to avoid Elland Road Capital and all their victims MUST report the frauds to the police. I did this and based on all the evidence, my criminal complaint got Federal Jurisdiction from the Office of Attorney General in Switzerland (where I am currently living). They officially started the criminal prosecution against Elland Road Capital.
    2023-07-07 03:00
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    0
    0
    V Govindan
    6-12months
    ELLANDROAD ARE CHEATS OF HIGHEST ORDER. PLEASE BE CAREFUL OTHERWISE ALL YOUR SAVINGS WILL BE SCOOPED OUT BY ELLANDROAD All their representatives are highly trained and they speak so convincingly and trap you to invest more and more promising high returns and true to their words, they will show you some profit also during the initial few days; but they will never ever allow you to withdraw the money. They will lure you to invest more and more promising that by the end of the day you would be a millionaire and believing their words if you deposit then suddenly they will stop communicating with you and they may even close your account and if – by any chance – you are able to talk to them (because always they call from different weird numbers and you won’t be able to get them over phone unless they call you as all the numbers are from out of India) their standard reply would be that you have lost in trading as the market is volatile. I have lost $1000 and now they are asking me to invest some more to recover this money and to make some profit also. I have already suffered as all my money (I am a retired person) including what I borrowed from my friends believing EllandRoad’s promises have been swallowed by them. My request to the common public is keep yourself away from the scammers and if you have money give to charity and never ever venture through Elland Road.
    2023-07-03 13:28
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    0
    1
    Candido
    more than one year
    The experience using the platform is very exciting. My initial contact with the brokerage took place with a call I received from Mr. Walker, my manager. Due to insufficient financial resources, we have to go slowly. but I'm learning a lot.
    2023-06-14 03:36
    Reply
    0
    0
    FX9134409312
    more than one year
    Hello, My name is Manuel, I found out about this company through an alleged advertisement on YouTube (Lawsuit for misleading advertising). I started the registration process, they invited me to transfer a minimum fund, but they insist on a higher one... Their policy is to keep the invitation to transfer constant regardless of the costs. Unfortunately, the investment was lost due to their mismanagement, which I do not recommend since they also have access to your operations. The more you lose, the more they earn with your money.
    2023-05-18 05:07
    Reply
    0
    0
    SK9038
    more than one year
    Fraud/Scam Please don't invest , you cant withdraw your money , seems they use illegitimated dashboard to confuse you to show profit , but when you show any intention of withdrawal of your fund , next day you can see your balance zero . Beware of this company
    2023-04-10 18:35
    Reply
    0
    0
    FX2351389116
    more than one year
    Poor platform, defrauding investors, and the funds will never be returned! !
    2023-03-20 12:31
    Reply
    0
    0
    李娜娜
    more than one year
    Traded with Elland Road not long ago, and I stopped due to high spreads, insanely high. I don’t want to give my hard-earned money to this broker more. Let it end here.
    2023-02-20 10:50
    Reply
    0
    0
    way.
    more than one year
    this is good pingtai
    2023-02-02 21:49
    Reply
    1
    1
    FX1196433441
    more than one year
    I saw someone recommend this company on the internet earlier and said he was already profitable, but I read some bad reviews on wikifx! Is this company reliable?
    2023-01-30 11:03
    Reply
    0
    0
    昌1445
    more than one year
    I have already remitted 250 US dollars on this platform. There are some investment projects. All in English. I can not understand it too. Well, I didn't invest $1,000. Because this platform told me to invest $1,000 to make more profits.
    2023-01-11 14:48
    Reply
    0
    0
    FX7490325872
    more than one year
    Even Matsuyama Taigen has been deceived.
    2023-01-10 02:43
    Reply
    0
    3
    FX1178382533
    more than one year
    The spread of major foreign exchange pairs is really too high, and the average spread of the industry is only about 1.5 points. The leverage is also too high, and you can't choose it yourself. . . But their customer service is not bad, at least the attitude is good, although it doesn't feel very professional.
    2022-12-14 18:04
    Reply
    0
    1
    向阳花59325
    more than one year
    There is a serious slippage phenomenon on this platform. The actual spread between the US dollar and the Japanese yen can reach up to 100 points. I suspect that they are manipulating it in the background. The cost of holding a position overnight is also very high. In short, it is difficult to make a profit on this platform, and you will lose a lot of money. It's better not to choose this platform for trading, it really doesn't work.
    2022-12-13 09:47
    Reply
    0
    3
    FX1013773968
    more than one year
    At the moment, I think elland road is a good deal. What I like the most is that it offers a wide variety of trading instruments and a wealth of educational resources. Of course, it has some flaws, like not having an Islamic account and copy trading, but I don't need them at the moment. I prefer to start with small bets and test my own strategy.
    2022-11-21 17:47
    1
    0
    0
    江泽明
    more than one year
    Very good platform, the spread is very low, the withdrawal is fast, but I can't make a lot of money with 250 US dollars. I started with 10,000 US dollars and earned 50% of the principal in a week. I have already withdrawn half of the profit. .
    2022-10-28 17:11
    Reply
    0
    1
    12
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