Elderton Capital

Overview of Elderton Capital

Elderton Capital is a Hong Kong-based company operating for approximately 1-2 years. As of now, the main website of the company is unavailable, and it operates without any valid regulation. Traders and investors should exercise caution and be fully aware of the potential risks associated with dealing with an unregulated broker.

The company offers a range of market instruments, including cryptocurrencies, forex pairs, commodities, stocks, and indices for trading. It provides different types of accounts, such as Individual, Joint, Retirement, and Business Accounts, each with varying minimum deposit requirements and benefits.

Elderton Capital's trading platform, iEx Pro, is a web-based solution catering to traders of all levels, offering real-time market data, advanced charting tools, multiple order types, expert advisors, and trading signals.

While the company provides customer support through various channels, there is limited information available about its reputation. Based on one exposure on WikiFX, there was a complaint involving allegations of a pyramid scheme and issues with fund withdrawals.

Pros and Cons

Elderton Capital offers a diverse range of tradable instruments, including cryptocurrencies, forex pairs, commodities, stocks, and indices, with spreads starting from 0.1 pips. Traders can leverage up to 1:500 on forex pairs. The web-based trading platform equipped with real-time market data and advanced charting tools allows for informed decision-making. Multiple deposit and withdrawal methods are provided for clients, but some withdrawal methods may incur fees. Access to investment research further supports well-informed choices. The company's presence on social media platforms enhances customer support. However, Elderton Capital operates without valid regulation as an unregulated broker, potentially exposing traders and investors to risks. Complaints regarding frozen accounts and withdrawal issues have been reported. Limited information about the company and the current unavailability of the main website raise transparency and legitimacy concerns. Additionally, the Business Account entails a monthly fee, which may affect profitability.

Is Elderton Capital Legit？

Elderton Capital operates without any valid regulation at the moment. Traders and investors should exercise caution and be fully aware of the potential risks associated with dealing with an unregulated broker.

Market Instruments

CRYPTOCURRENCIES: Elderton Capital offers a variety of cryptocurrencies as tradable instruments. Some of the popular cryptocurrencies available on their platform include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH), among others.

FOREX PAIRS: Traders can access a range of forex pairs to participate in the foreign exchange market. Examples of forex pairs available may include EUR/USD, GBP/JPY, USD/JPY, AUD/CAD, and NZD/CHF, among others.

COMMODITIES: Elderton Capital provides access to various commodities for trading, allowing investors to speculate on the price movements of resources such as gold, silver, crude oil, natural gas, and copper, among others.

STOCKS: The platform allows users to trade stocks of well-known companies from various global markets. Traders can invest in stocks of companies like Apple Inc., Amazon.com Inc., Google (Alphabet Inc.), Microsoft Corporation, and Facebook Inc., among others.

INDICES: Elderton Capital offers trading opportunities in different market indices. Examples of indices available on their platform may include the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, and Nikkei 225, among others.

Pros and Cons

Account Types

1. INDIVIDUAL ACCOUNT:

Elderton Capital offers an Individual Account option, which requires a minimum deposit of $100. This account type comes with no monthly fees, providing a cost-effective solution for individual traders. Additionally, clients gain access to Elderton Capital's valuable investment research, aiding them in making informed decisions about their investments.

2. JOINT ACCOUNT:

For those seeking a shared investment experience, Elderton Capital presents the Joint Account. To open this account type, a minimum deposit of $200 is required. Like the Individual Account, there are no monthly fees, ensuring that clients can collaborate on their investments without incurring extra costs. Moreover, Joint Account holders gain access to Elderton Capital's investment research to aid them in their joint financial journey.

3. RETIREMENT ACCOUNT:

Elderton Capital also offers a Retirement Account, catering to clients planning for their post-work years. This account type requires a minimum deposit of $500. Similar to the previous accounts, there are no monthly fees for this option. Additionally, the Retirement Account provides tax-advantaged benefits, helping clients optimize their retirement savings. As with all accounts, access to Elderton Capital's investment research is available, empowering clients to make informed decisions for their retirement portfolios.

4. BUSINESS ACCOUNT:

For business entities seeking investment opportunities, Elderton Capital presents the Business Account. To open this type of account, a minimum deposit of $1000 is required, and a monthly fee of $100 applies. However, despite the fee, this account still grants access to Elderton Capital's investment research, providing valuable market insights. To enhance the experience, clients are appointed an account manager who can offer personalized assistance and support in managing their investment strategies.

Pros and Cons

Leverage

Elderton Capital offers up to 1:500 leverage on forex pairs. This means that for every $1 you deposit, you can trade up to $500 worth of currency. However, the maximum leverage available may vary depending on your account type and jurisdiction. It is important to note that leverage is a double-edged sword, so it is important to understand the risks involved before using it.

Spreads & Commissions

Elderton Capital offers spreads on a variety of trading instruments. For example, the average spread on EUR/USD is 0.1 pips. There are no commissions on most trading instruments, but there is a $10 per lot commission on futures contracts. Spreads and commissions are subject to change.

Minimum Deposit

Elderton Capital requires a minimum deposit of $100 for traders to start using their platform.

Deposit & Withdrawal

Elderton Capital offers a variety of deposit and withdrawal methods, including bank wire, credit card, debit card, and Skrill. There are no deposit fees, but there are withdrawal fees that vary depending on the method used. For example, the withdrawal fee for bank wire is $25, while the withdrawal fee for Skrill is $5. The minimum deposit amount is $100, and the minimum withdrawal amount is $25.

Pros and Cons

Trading Platforms

iEx Pro is a web-based trading platform catering to traders of all levels, from novices to seasoned professionals. Its user-friendly interface makes it accessible and straightforward for beginners while providing sophisticated tools to meet the demands of experienced traders. The platform boasts real-time market data, empowering users with up-to-the-minute information to make informed decisions. Furthermore, its advanced charting tools enable in-depth technical analysis for a comprehensive understanding of market trends. The inclusion of expert advisors and trading signals assists traders in making well-informed choices. Overall, iEx Pro serves as a versatile and comprehensive trading solution for all users.

Customer Support

Elderton Capital offers customer support through various channels, including email (cs@eldertonfx.com) for written inquiries. For direct assistance, customers can contact their English support line at +852 64843907. Additionally, they have a physical company address located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent, and the Grenadines. For those seeking updates and information, the broker can also be followed on social media platforms such as Facebook, Twitter, and Youtube.

Reviews

Based on the review on WikiFX, there is one exposure in total for Elderton Capital. The complaint involves allegations of a pyramid scheme and the inability to withdraw funds. The reviewer claims that their trading account was frozen by the platform, and they were asked to pay a 3% profit tax amounting to $8059.5456 to a TRC20 e-wallet address when attempting to make a withdrawal. The review was posted by a user with the username “Hugh82754” on November 4, 2022, at 18:15.

Conclusion

Elderton Capital, based in Hong Kong and operating for approximately 1-2 years, has both advantages and disadvantages. On the positive side, the platform offers a diverse range of tradable instruments, including cryptocurrencies, forex pairs, commodities, stocks, and indices. It provides various account types, such as Individual, Joint, Retirement, and Business Accounts, each with its own minimum deposit requirement and benefits. The web-based trading platform, iEx Pro, caters to traders of all levels, offering real-time market data, advanced charting tools, multiple order types, and expert advisors. Customer support is available through email and a support line, with a physical company address provided. However, Elderton Capital currently operates without any valid regulation, which raises concerns for traders and investors who should exercise caution due to the potential risks associated with dealing with an unregulated broker. Additionally, there is a review alleging a pyramid scheme and withdrawal issues, posted on WikiFX by a user named “Hugh82754” on November 4, 2022. As such, it is crucial for individuals to thoroughly consider these factors before engaging with Elderton Capital.

FAQs

Q: What is Elderton Capital's main website？

A: Elderton Capital's main website is currently unavailable.

Q: Is Elderton Capital regulated？

A: Elderton Capital operates without any valid regulation at the moment. Traders and investors should exercise caution and be fully aware of the potential risks associated with dealing with an unregulated broker.

Q: What market instruments can I trade with Elderton Capital？

A: Elderton Capital offers a variety of market instruments, including cryptocurrencies, forex pairs, commodities, stocks, and indices.

Q: What types of accounts does Elderton Capital offer？

A: Elderton Capital offers Individual, Joint, Retirement, and Business accounts to cater to different client needs.

Q: What is the minimum deposit required to open an account with Elderton Capital？

A: The minimum deposit required to open an account with Elderton Capital varies depending on the account type, ranging from $100 to $1000.

Q: What leverage does Elderton Capital offer？

A: Elderton Capital offers up to 1:500 leverage on forex pairs, but the maximum leverage may vary based on your account type and jurisdiction.

Q: What are the deposit and withdrawal options available with Elderton Capital？

A: Elderton Capital offers deposit options such as bank wire, credit card, debit card, and Skrill, while withdrawals can be made using similar methods, with varying withdrawal fees.

Q: What trading platform does Elderton Capital provide？

A: Elderton Capital offers the iEx Pro trading platform, which is web-based and suitable for traders of all levels.

Q: How can I contact Elderton Capital's customer support？

A: You can contact Elderton Capital's customer support through email, phone, or by visiting their physical company address. They are also present on social media platforms.

Q: Are there any reviews about Elderton Capital？

A: Yes, based on a review on WikiFX, there was one exposure regarding Elderton Capital, involving allegations of a pyramid scheme and issues with fund withdrawals.