Ellipsys foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.elpmarkets.com/open-account-online.aspx, about the company's legal and temporary regulatory information, the company's address 2nd Floor, C&R Court, 49 Labourdonnais Street, Port Louis, Mauritius.
Ellipsys Forex Broker
Basic information
Mauritius
5-10 years Suspicious Regulatory License Self-developed Suspicious Scope of Business High potential riskCompany profile
Ellipsys Information
Ellipsys is a financial services business based in Mauritius that is unregulated. It offers a variety of trading products, such as CFDs, currencies, futures, indices, and commodities. The business gives customers access to well-known trading systems like MetaTrader 4 and VertexFX 11.
Pros and Cons
| Pros | Cons |
| Multiple trading platforms (MT4, VertexFX 11) | No leverage |
| 5 payment methods | High spread can reach 60 pips |
| No minimum account size | |
| 0 commission |
Is Ellipsys Legit?
Ellipsys is an unregulated exchange.
What Can I Trade on Ellipsys?
Ellipsys provides 50+ currency pairs, indices, commodities, and futures to its users.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Currencies | ✔ |
| Futures | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
Account Types
Ellipsys has two types of accounts: Demo accounts and Live accounts.
The demo account is available for free practice.
| Account Name | Min. Deposit | Key Features | Suitable for |
| Demo Account | No deposit | Free practice, 24-hour support, market research tools | New traders practicing strategies |
| Live Account | No minimum account size | Access to award-winning platforms, low margin, dedicated manager, 24/7 support | Retail and corporate traders |
Ellipsys Fees
Ellipsys offers both fixed and variable spreads depending on the asset class, with spreads starting from 2 pips for major currency pairs. It doesn't ask for any commission.
| Product Type | Typical Spread |
| Metals | 40-60 pips |
| Energy | 40-50 pips |
| Indices | 8-75 pips |
| Currencies | 2-8 pips |
Trading Platform
Ellipsys offers 2 types of trading platforms to users.
| Trading Platform | Supported | Available Devices | Suitable for |
| Zen Trader - MetaTrader 4 (MT4) | ✔ | Web, Mobile | Beginner to experienced traders |
| Zen Pro - VertexFX 11 | ✔ | Web, Desktop | Intermediate to advanced traders |
Deposit and Withdrawal
Ellipsys supports various deposit and withdrawal methods, including credit cards and third-party payment solutions. No fees are mentioned for deposits or withdrawals.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Visa, Mastercard | No minimum account size | None | Instant |
| American Express | No minimum account size | None | Instant |
| Union Pay | No minimum account size | None | Instant |
| Wintech | No minimum account size | None | Instant |
Molliy
Peru
The platform is decent, quite suitable for beginners like me, and the app is also easy to use. But seriously, is the customer support team nonexistent? I've called numerous times for inquiries, and not a single call has been answered.
Neutral
2023-12-12