ellevest Review 2020

ellevest Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
ellevest Review Screenshot

ellevest Guide - Read our In Depth ellevest Review

This ellevest review was written by industry experts with over 20 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

What is ellevest?

ellevest are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later ellevest has grown to offering retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

ellevest are a global broker and have a head office in USA.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this ellevest review and assess how well the ellevest platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like ellevest can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of ellevest we breakdown the pros and cons. What ellevest are able to offer, what countries ellevest are available in. Who ellevest are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this ellevest review useful.

This review of the ellevest platform is very detailed. If you are interested in trading with ellevest in any capacity please take the time to read and research the whole ellevest review.

We have tried to explain the ins and outs of financial trading through the ellevest platform as plainly as possible so that you the trader are as informed as possible before you start to use the ellevest trading tools and depositing and withdrawing funds from ellevest.

Benefits of trading with ellevest

Open ellevest's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with ellevest like Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. you should have confidence in ellevest and know that the management of your financial investments on the ellevest platform is in good hands.

At the bottom of this ellevest review you can also learn about some pretty good alternatives to ellevest

With this ellevest review we hope to help you see if ellevest is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ellevest that will help you get off to a good start in the world of online trading.

ellevest Review Table of Contents

ellevest review
ellevest is a Multi-Assets Trading Platform with over 275+ Assets

Learn more about ellevest. ellevest is a multi asset platform with 275+ tradable Assets. Assets available on ellevest include Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

ellevest trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

ellevest review
Features of ellevest

ellevest review
What you should know

ellevest offer five ways to trade: Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

With ellevest you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with ellevest platform.

ellevest are able to accommodate various levels of traders whether you are experienced or a beginner.

ellevest review
Are ellevest safe?

When choosing a broker like ellevest the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 years ellevest have a head office in USA.

ellevest is not regulated. This means ellevest are not supervised by any regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ellevest, this will be honored.

ellevest review
Is my money safe with ellevest?

Any payments funded to ellevest accounts by traders are held in a segregated bank account.

For added security ellevest use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should ellevest use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in ellevest deposited in a Tier 1 bank?

Having any money you deposit with ellevest means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if ellevest goes out of business for some reason.

Therefore, we can safely conclude that ellevest is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. ellevest also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding ellevest. let us look at the ellevest features in more detail.

Try creating two accounts when you are working with ellevest. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit ellevest

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How ellevest as a Company Compare Against Other Brokers

Broker ellevest eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office USA Cyprus, UK Australia Poland
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ ellevest users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit ellevest Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ellevest review
ellevest Pros and Cons

What we like about ellevest

  • Used by over 10,000 ellevest users and traders
  • Established in 2008
  • Min. deposit from $1

What we don't like about ellevest

ellevest review
ellevest Regulation and Licensing in more detail

ellevest are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like ellevest that are not regulated yet appear to be legitimate.

ellevest maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with ellevest you are not guarenteed help in a difficult situation.

  • Unregulated

ellevest review
Is ellevest Global?

Yes, ellevest is global as ellevest is available in over 194 countries.

ellevest is a global trading platform in the sense that it operates in 194 nations including nations in Europe, Asia, Oceania, and Africa. Major countries ellevest covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. ellevest has a total of more than 10,000 users.

ellevest review
ellevest Fees Explained

  • ellevest withdrawal fees varies on payment method
  • ellevest does charge a fee for inactive accounts.
  • ellevest does charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How ellevest Fees Compare Against Other Brokers

Broker ellevest eToro IC Markets XTB
Min Deposit 1 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

ellevest review
ellevest Minimum Deposit

ellevest require a minimum desposit of 1 GBP/USD when opening an ellevest trading account.

A minimum deposit is the minimum amount of money required by ellevest to open a new online brokerage account with them.

Dont be scared off by brokers like ellevest charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

ellevest review
ellevest Withdrawal Fees

ellevest withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

ellevest for example allow you to withdraw your funds to Bank Transfer.

ellevest review
ellevest Inactivity Fees

ellevest does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

ellevest review
ellevest Desposit Fees

ellevest does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

ellevest review
ellevest Commission Fees

ellevest does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

ellevest review
What can you trade with ellevest?

Be aware that Different entities under ellevest Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with ellevest over 275 instruments infact.

If you are looking at trading currency pairs ellevest offer over currency pairs.

Compare ellevest with eToro and IC Markets below.

Your capital is at risk

How ellevest Trading Options Compare Against Other Brokers

Broker ellevest eToro IC Markets XTB
Instruments Available 275 2000 232 4000
Platforms  Windows, Android, Mac OS, iOS Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares No Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit ellevest
Your capital is at risk
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ellevest review
Trading on ellevest web platforms and other applications

ellevest offer a user-friendly custom trading platform, available as a browser based web application. If you would rather see a comparison of MT4 brokers, you can so here.

ellevest also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See ellevest's platforms

ellevest review
Is the ellevest Trading Platform Secure?

ellevest safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. ellevest also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating ellevest.

ellevest review
ellevest Trading Platform Options

ellevest does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

ellevest offer an their own custom trading platform developed and tested in house. The ellevest trading platform allows traders to track their portfolios, track the current markets, locate trade ideas and place trades. The ellevest platform allows traders to filter the financial marketplace for trade opportunities that match a criteria. With ellevest you can look for and examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the ellevest platform including news and quotes. Discover possible trades with the strong charting tools found with ellevest. ellevest is available as downloadable applications or online through the cloud. Monitor your orders with ellevest and receive breaking news in your positions.

ellevest Trading benefits :

  • Low min deposit

ellevest Trading Accounts Offered :

  • Islamic account

Can I try ellevest before I buy?

ellevest offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

ellevest withdrawal and funding methods.

Please note that the list of ellevest payment methods below depend on the ellevest Entity and the Clients Country of Residence.

ellevest offer the below funding payment methods. learn more about ellevest

ellevest Payment Methods

  • ellevest accepts Bank Transfer
Broker ellevest eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes Yes Yes

How can I start trading with ellevest?

When opening a trading account with ellevest, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ellevest trading platforms here.

Your capital is at risk

Performing trades with ellevest

ellevest allow you to execute a minimum of trade of . This may vary depending on the account you open. ellevest allow you to execute a maxium trade of .

As a market maker, ellevest may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

ellevest Leverage and ellevest CFDs Explained

let's take a look at some of the basics of using ellevest leverage.

ellevest offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ellevest leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ellevest trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ellevest leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ellevest CFDs are typically used for short to medium term trades. For example ellevest intraday trading.

Education resources at ellevest

To trade effectively with ellevest, it's important to get a have a good understanding of the ellevest trading tools and the markets.

ellevest offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ellevest.

Take time to look around the ellevest platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at ellevest

ellevest support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

ellevest have a D grade support rating because because sometimes the response was slow or our query wasnt answered. ellevest less customer support features compared to other brokers like live chat, phone and email support.

Livechat Support at ellevest

ellevest does not offer LiveChat Support.

Email Support at ellevest

ellevest does not offer Email Support.

Phone Support at ellevest

ellevest does not offer Phone Support.

See how ellevest Support Compares Against Other Brokers

Broker ellevest eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit ellevest Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with ellevest

As ellevest is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under ellevest Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore ellevest's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ellevest you can visit the ellevest trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.ellevest.com/ on December 01, 2020.

ellevest review
Is ellevest A Good Broker?

We spent over 3 months examining ellevest in depth. Although we found some very useful aspects of the ellevest platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative ellevest broker.

  • ellevest have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • ellevest has a history of over 12 years.
  • ellevest has a reasonable sized customer support of at least 10.
  • ellevest are regulated by Unregulated. This means ellevest fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ellevest have regulation from a Tier 1 reputable country.
  • ellevest has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ellevest have an international presence in multiple countries. This includes local ellevest seminars and training.
  • ellevest are able to hire people from various locations in the world who can better communicate in your local language.

ellevest Risk Disclaimer

Your capital is at risk

ellevest review
ellevest not quite right?

If after reading this ellevest review, ellevest does not fulfill your needs check out these ellevest Alternatives.

Click here to view the best ellevest Alternatives

We have spent years researching the best alternatives to ellevest. Click the links below to learn more.

If you feel some of the above ellevest are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ellevest alternatives below.

ellevest review
Related ellevest Vs Comparisons

We have covered allot in this ellevest review, If you want to see how ellevest compares side by side with other brokers check out our ellevest Vs pages.

If you would like to see how ellevest stands up against other brokers you can read some of our ellevest comparisons below. We compare side by side some of our top rated ellevest versus comparisons. Read our indepth ellevest VS pages below.

ellevest review
ELLEVEST Frequently Asked Questions

Can I try ellevest before I buy?

ellevest do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do ellevest accept?

Please note that the list of payment methods below depend on the ellevest Entity and the Clients Country of Residence.

ellevest offer the following funding payment methods Bank Transfer, among other payment methods.
Learn more here

Your capital is at risk

Is ellevest safe?

While ellevest may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to ellevest accounts by traders are held in a segregated bank account. For added security ellevest use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is ellevest trading good?

ellevest is considered good and reputable to trade with ellevest. ellevest is used by over 10000 active traders and ellevest users. ellevest offers Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. Minimum deposit with ellevest is 1.

Is ellevest trading Legit?

ellevest was founded in USA in 2008. ellevest has been facilitating trade on the financial markets for over 12 years. ellevest offers clients Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading. All funds deposited to ellevest are held in segregated tier 1 bank accounts for security. ellevest is not regulated. Although this doesnt mean ellevest are awful, we recommend trading with regulated brokers.

Is ellevest a good broker?

ellevest is overseen by the top tier financial regulators Unregulated so can be considered a good broker. ellevest allows Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

Is ellevest trustworthy broker?

While having many plus points because ellevest is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated tier 1 bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for ellevest?

The minimum deposit to trade with ellevest is 1.

How long do ellevest withdrawals take?

Withdrawing money from ellevest processing time varies but averages 2-5 days.

Is ellevest regulated?

ellevest is not regulated by a top tier financial regulator.

Is ellevest a market maker?

ellevest is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer is not lined up.

How can I start trading with ellevest?

When opening a trading account with ellevest, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ellevest trading platforms here.

Is my money safe with ellevest?

ellevest is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like ellevest is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ellevest, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is ellevest a con?

While we would noy say that ellevest is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with ellevest?

Although traders have had great success with ellevest. Trading on the financial markets with ellevest is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does ellevest have fees?

ellevest withdrawal fees varies on payment method. ellevest does charge a fee for inactive accounts. ellevest does charge deposit fees.

When was ellevest founded?

ellevest was founded in 2008.

How many people use ellevest?

ellevest is used by over 10000 registered ellevest users.

What is ellevest Headquarters country?

ellevest has its head quarters office in USA.

Does ellevest offer negative balance protection?

ellevest does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does ellevest offer guaranteed stop loss?

ellevest does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does ellevest allow scalping?

ellevest does not offer scalping.

Does ellevest allow hedging?

ellevest does not offer hedging.

Does ellevest offer CFD trading?

ellevest offers CFD trading.

Does ellevest offer STP?

ellevest does not offer STP trading.

How many people use ellevest?

ellevest is used by over 10000 ellevest users and traders.

Is ellevest an ECN broker?

ellevest does not offer ECN trading.

Does ellevest offer a demo account?

ellevest does not offer demo account.

Does ellevest offer an Islamic account?

ellevest offers a Islamic accounts.

What are the funding methods for ellevest?

ellevest accept the following funding methods : Bank Transfer.

ellevest review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ellevest brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ellevest review written by Mark Hansen of Comparebrokers.co