EEL Financial Services Ltd foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://my.eelfx.com/en/auth/sign-up, about the company's legal and temporary regulatory information, the company's address Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia..
EEL Financial Services Ltd Forex Broker
Basic information
Saint Lucia
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
EEL Financial Services Ltd Information
EEL Financial Services Ltd is an online transaction service provider, that mainly provides users with 5 trading market instruments, including forex, stocks, commodities, cryptocurrencies, and precious metals. Traders can trade through MT5. In addition, EEL Financial Services Ltd provides 24/7 customer support (except phone).
Pros and Cons
| Pros | Cons |
| 24/7 Customer Support（No Phone） | Unregulated |
| Spreads as low as 0 | Demo account unavailable |
| Commission free(only Forex） | |
| 5 types of trading assets |
Is EEL Financial Services Ltd Legit?
EEL Financial Services Ltd is not regulated to date.
What Can I Trade on EEL Financial Services Ltd?
Traders can achieve diversified portfolio investments through EEL Financial Services Ltd, which provides traders with 5 trading markets including stocks, commodities, cryptocurrencies, foreign exchange, and precious metals, with more than 300 trading varieties.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Traders can open Classic, Standard, and Max accounts at EEL Financial Services Ltd. Traders can trade foreign exchange without commissions and enjoy swap-free trading with a Max account.
| Account Type | Classic | Standard | Max |
| Min Deposit | $100 | $500 | $2000 |
| Trading Platform | MT-5 | MT-5 | MT-5 |
| Currency | USD | USD | USD |
| Leverage | from 1:10 to 1:500 | from 1:10 to 1:500 | from 1:10 to 1:200 |
| Commission | $0 FX,$6 Metals and CFD's Commission | $0 FX,$6 Metals and CFD's Commission | $0 FX,$4.5 Metals and CFD's Commission |
| Min Spread | Not mentioned | 1.5pips | RAW Spread |
| Swap | Swap Applicable | Swap Applicable | Swap-Free |
| Trading Volume | Minimum 0.01 per lot | Minimum 0.01 per lot | Minimum 0.01 per lot |
EEL Financial Services Ltd Fees
In EEL Financial Services Ltd, the lowest spread for a Standard account starts from 1.5, and the Max is RAW Spread. Forex is commission-free, while the commission for Metals and CFD is $6, except for the Max account the commission for Metals and CFD is $4.5. The Max account swap is free.
Leverage
The trading leverage range of EEL Financial Services Ltd is1:10 to 1:500. The higher the leverage, the greater the risk.
Trading Platform
EEL Financial Services Ltd provides a proprietary platform. Traders can choose to conduct online transactions here or on MT5. Trading Platforms can be downloaded from the App Store, Google Play, and Windows.
| Trading Platform | Supported | Available Devices |
| EEL Financial Services Ltd | ✔ | Web |
| MT5 | ✔ | Web |
Deposit and Withdrawal
EEL Financial Services Ltd requires deposits, the minimum deposit is $100. The payment methods include MasterCard, WebMoney, Cryptocurrency, etc.
Customer Support Options
EEL Financial Services Ltd offers 24/5 telephone and email customer support.
| Contact Options | Details |
| Phone | +971 4 354 2425(24/5) |
| eelfx536@gmail.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | 210,Al Nasr Plaza-comm, oudMetha, U.A.E |
The Bottom Line
EEL Financial Services Ltd fee information, such as spreads and commissions, is relatively clear, and related transaction fees can be calculated. However, the platform is not regulated, so security is relatively low. The leverage of EEL Financial Services Ltd's financial products is as high as 1:500, which means the risk is relatively high.
FAQs
Is EEL Financial Services Ltd safe?
No, because of unregulated status.
What account types is EEL Financial Services Ltd?
EEL Financial Services Ltd offers 3 types of accounts, including Classic, Standard, and Max.
What fees does EEL Financial Services Ltd have?
EEL Financial Services Ltd claims that the spread is as low as 0, but the information seen is that the standard account spread starts at 1.5, and the Max is RAW spread. In terms of commission, forex products are commission-free, while other products are $4.5 or $6.
Risk Warning
Any transaction is based on the estimated price difference to make profits, which will lead to certain risks, please be careful!