Elland Road Capital Review
Richard Montana | November 17, 2022
Elland Road Capital is a regulated CFD trading broker that offers traders of all experience levels and backgrounds to trade online with very favourable conditions including tight spreads, reliable execution speeds and no hidden fees. The broker has a wide range of assets classes for you to buy and sell with CFDs on Forex, Stocks, Indices, Commodities, Cryptocurrency Futures and more. Elland Road trade is paving the way towards trading innovation. With trader-centric conditions, you can be one step closer to conquering the ultimate trading experience to help you achieve your goals.
Pros & Cons
- Good selection of CFD trading instruments
- Very competitive trading conditions for all traders
- Expand your trading strategies with free trading tools
- Choose the trading account type that fits your needs
- Choose either the Elland Road WebTrader or MT4 platform
- Get excellent assistance 24/7 from multilingual customer support team
- Could add some more educational content
- Minimum $250 deposit
- No zero pip spread accounts
Elland Road Capital provide a renewed trading experience for every type of trader. The brokers main purpose is to challenge industry standards and meet traders’ expectations by creating new and improved trading conditions that can be tailored according to you own needs and ambitions.
I appreciate how the broker gives all individuals the same high level of service, regardless of their investment size. Both beginners and more experienced traders will be able to dive into the markets and make the most of their trading strategies using the provided trading platforms, tools and educational content.
At Elland Road Capital, you will find everything you need to start trading online in a regulated environment with a minimum deposit requirement of just 250 EUR/USD. You can even start on a demo account to begin with and build up your confidence.
Elland Road Capital PTY LTD is a South Africa Investment Firm, authorized and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. The FSCA is the market conduct regulator of financial institutions, that provide financial products and financial services.
When you trade online with a company that is regulated, there is some protection in place to make sure that they are operating in an honest and transparent manner. I consider the FSCA to be a top-tier regulator and thus, would have no problem trusting Elland Road Capital for my day trading activities.
In addition to being a regulated broker, Elland Road have implemented the latest technology and encryption methods to achieve maximum security. They put great emphasis on keeping traders’ private information secure and protected.
Elland Road Capital MT4
You can trade online with Elland Road Capital via the powerful yet user-friendly MetaTrader 4 (MT4) platform which gives you seamless access to the global market from your desktop, mobile phone and tablet devices.
The MT4 platform is very versatile and can be customised according to your own trading preferences. You can choose from various chart types, timeframes and plenty of technical indicators to analyse all of your favourite trading instruments. I think this is the ideal platform for those who are new to trading whilst it is also used by professional traders due to its advanced functionality.
Some of the key Elland Road Capital MT4 platform features include the following:
- Access all 160+ available CFDs
- Intuitive interface
- Fully customisable layout
- Customised chart templates
- Technical indicators and drawing tools
- Manual and automated trading
- Multiple chart types and timeframes
- Supports instant, pending and limit orders
- One-click trading from the charts
- View and save account history
- Set price alert notifications
- Compatible across all of your devices
Elland Road Capital WebTrader
In addition to the industry standard MT4 platform, you can also trade online with Elland Road Capital’s web trading platform. This is a highly-advanced WebTrader platform that includes everything you need for analysing all of your favourite instruments and trading online with minimal hassle.
Some of the main Elland Road Capital WebTrader platform features include the following:
- Access all 160+ available CFDs
- Free Trading Analysis tools
- No download required
- Easy to use web interface
- 3 Clicks Transactions
- Stop Loss and Take Profit Calculators
- Record of transactions available
The MT4 platform provided by Elland Road Capital is already loaded with more tools than most of you will ever need. There are tools for everything from analysing the charts to placing and managing your trades.
You can also access the MQL marketplace from within the MT4 platform where you will find thousands of additional tools to further enhance the platform already impressive capabilities. Those of you who have some programming knowledge may wish to code your trading tools or you could always hire someone to do it for you.
The possibilities are practically limitless with the MT4 platform which is one of the main reasons why it has remained the dominant force when it comes to CFD trading platforms.
To be honest, I could not find much educational content on the Elland Road Capital website, aside from an FAQ section which answers some basic questions that you may have. I think they could improve by offering beginners some trading guides and video tutorials. Although that being said, they do have the option of a free demo trading account which can be one of the best ways to learn about trading online.
Every Elland Road Capital trading account comes with the ability to trade on a generous range of over 160 CFDs in forex, stocks, cryptocurrency futures, indices, and commodities. Whatever your interests, there is likely to be something for everyone to trade. I was especially impressed with the good amount of forex currency pairs on offer, including all the major, minor and exotic fx crosses that you would expect from a top broker.
One of the main advantages of CFD trading is that you can speculate on the price movement of an underlying asset without having to actually physically own it. The difference in price from when you open and close a CFD position, is the profit or loss minus any brokerage fees.
Elland Road Capital have a choice of a few account types that you can choose from depending on your trading strategies. All of the accounts have the same leverage of 1:400, with the main difference between them being the spreads.
The lowest spreads are on the VIP account, starting from 0.9 pips on the EUR/USD. This is a tight spread when you consider the broker does not charge any commission on top.
You will find that the overall trading costs may actually work out cheaper when compared to a broker that has zero pip spreads but does charge a commission fee. I think it is also good to be able to calculate costs from the spread as they do not have any hidden fees.
All of the Elland Road trading accounts have negative balance protection and include access to some handy free educational content which can be very helpful for those of you who are new to online trading and looking for some guidance along the way.
Demo trading accounts are also available if you want to practice your trading strategies in a risk-free environment. This can be a good way to get a feel for using the provided trading platforms and seeing what the broker has to offer without making any financial commitment. You can always make the switch over to a real trading account if and when you feel ready to.
Elland Road Capital know that online trading has its challenges and this is one of the reasons why they’ve made sure that their customer support team is by your side every step of the way to assist in any way possible.
By dedicating their efforts to providing you with exceptional customer support, traders are able to find the answers they are looking for and maintain their confidence throughout their trading journey.
I have found them a pleasure to deal with and always received a prompt and polite response to my queries. They are one of a few trading brokers that I have reviewed who provide 24/7 support which is significant advantage considering some markets are open on weekends.
You can make deposits and withdraws to and from your Elland Road Capital trading account with various convenient funding methods by choosing the option that works best for you. They currently support bank transfers, card payment and APMs.
Compare Broker Features
|This Broker||AvaTrade||IG||IC Markets|
|Regulated||ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA||ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA||ASIC, CySEC, FSA, SCB|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFs||Forex, Commodities, Crypto, Stocks, Indices, Bonds|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API||MetaTrader 4, MetaTrader 5, cTrader|
|Funding||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets||Bank Transfer, Credit/Debit Card, E-Wallets|
Overall, I feel that Elland Road Capital has a solid offering. They can provide quick and easy access to the global markets for trading CFDs with very competitive conditions for all traders. You can buy and sell a great variety of CFD instruments via user-friendly platform for all of your devices. The minimum deposit requirement is relatively low whilst free demo accounts are also available. This is all backed by excellent 24/7 around the clock customer support. It is good to see a broker that is focused on each individual client and wants to help you succeed.