About the broker
Elland Road is an online broker regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, and it offers competitive trading terms for a broad audience – at least that’s the impression that we get from it, at first glance. It also seems to excel when it comes to trading software, educational resources, and its client-centric approach.
These are features that every broker these days should set as a standard, and for Elland Road, it is certainly the basis of its operation. It looks like an above-the-norm CFD broker, and that’s why we decided that now is the right time to discuss its main trading conditions.
CFDs on Forex, cryptocurrency futures, commodities, shares, and indices are part of the assets list currently available with Elland Road. The maximum leverage for FX is 1:400 and it drops to as low as 1:5 for volatile instruments like crypto and shares.
Traders can trade even micro lots (0.01), benefiting from attractive spreads/swaps and fast trade execution. The environment designed by this brand is fortified by some of the latest security protocols available today. Elland Road operates transparently, in line with protocols that set out clear rules on how client data and funds are protected.
Moving ahead to trading platforms, one of the first things to do after signing up is to install the necessary software. The MetaTrader 4 platform is one of several options currently provided by Elland Road, ensuring a stable performance at a time when markets are shaky.
With access to many tradable assets, free technical analysis tools, 30+ indicators, fundamental analysis, and multiple order types, MT4 continues to be a strong option for trading CFDs.
But this is not all, since Elland Road also introduces its advanced web-trading platform. This solution can be accessed from a browser and comes with a user-friendly interface, multiple trading tools, and the ability to open trades with as little as 3 clicks. You can benefit from the same platform on all your devices, without having to install anything.Trading account types
Excellent trading conditions and competitive features are needed to engage in the market fully equipped. Elland Road has certainly kept that in mind, currently offering 5 account types for traders to choose from.
Classic, Silver, Gold, Platinum, and VIP are on the table. Traders with various levels of expertise have different expectations, and the variety of accounts seems to answer the majority of them. This broker provides spread tiering, free support, trading education, an account manager, and negative balance protection.
An account with Elland Road can be funded by using a credit/debit card, wire transfer, or APMs. The broker accepts payments denominated in USD or EUR. At the time of writing, the minimum deposit, regardless of the method used, is set at 250 units.
Summary for Elland Road
Incentivized by the growing demand for retail trading services, Elland Road turns out to be an interesting CFD broker, and we can definitely say that it delivers on every promise. Signing up for an account is fast and straightforward, and once the account is set, customers have access to some interesting features. Free education, decent spreads, and advanced platforms are just a few of the benefits, and there are plenty of other interesting ones.