Elite Capitals Forex Broker

Elite CapitalsReview SummaryFounded2019-07-19Registered Country/RegionUnited KingdomRegulationSuspicious clone by AustraliaMarket InstrumentsForex currency pairs, commodities, indices, cryptocurrenciesDemo AccountYesLeverage1:500Spread0.1 pipsTrading PlatformMetaTrader 4 (MT4) and potentially other platformsMin Deposit$100 Elite Capitals is based in the United Kingdom and was founded in 2019. This broker offers kinds of tradable assets, including Forex currency pairs, commodities, indices, cryptocurrencies through MT4 trading platform. It also offers different account types, such as Standard, Premium, and Islamic accounts, to accommodate various trading preferences.Pros and Cons Pros Cons NoneSuspected cloned regulationsUncertainty of investor protection and fund safetyIs Elite Capitals Legit? Elite Capitals is a suspected fake clone. Elite Capitals claims to be regulated by the Australia ASIC with license number 335692. However, this regulation is suspected to be a clone or invalid. Traders should be cautious and consider alternatives when trading.What Can I Trade on Elite Capitals? Elite Capitals offers kinds of trading assets to satisfy the different needs of different traders. In addition to Forex, Elite Capitals provides trading opportunities in commodities such as gold, silver, crude oil, and natural gas. Furthermore, Elite Capitals offers trading in cryptocurrencies, including popular digital assets such as Bitcoin, Ethereum, and Litecoin.Tradable InstrumentsSupportedForex✔Commodities✔Crypto✔CFD❌Indexes✔Stock❌ETF❌Options❌Account Types Elite Capitals offers three types of accounts including standard account, Islamic account and ECN account. In addition, all accounts support demo accounts. The leverage offered by Elite Capitals is 1:200-1:500. Only ECN accounts do not charge commission and spreads are as low as 0 pips.FeatureStandardIslamicECNLeverageUp to 1:500Up to 1:500Up to 1:200SpreadsStarting from 0.1 pips for EUR/USDStarting from 0.1 pips for EUR/USDStarts from 0.0 pipsCommissions$0.02 per sideNoneNoneMinimum Deposit$100$200$1,000Demo AccountYes, unlimited demo account availableYes, unlimited demo account availableYes, unlimited demo account availableTrading ToolsMetaTrader 4MetaTrader 4MetaTrader 4Leverage The maximum leverage provided by Elite Capitals varies depending on the trading instrument and account type. The maximum leverage offered by Elite Capitals is up to 1:500. This means traders can control positions in the market up to 500 times the amount of their trading capital.Elite Capitals Spreads In a standard account, traders can benefit from spreads of major currency pairs such as EUR/USD as low as 0.1 pips as well as Islamic account. In addition, in the ECN account, the spread of major currency pairs such as EUR/USD starts at 0.0 pips. Trading Platform Trading PlatformSupported Available Devices Suitable for what investorMetaTrader 4✔Windows, MAC, IOS, and AndroidInvestors of all experience levelsMetaTrader 5❌Web Trader❌