ellevest Rated 3/5

ellevest Guide - Read our In Depth 2024 ellevest Review

This detailed ellevest review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.

Learn more about ellevest.

Benefits of Trading with ellevest

ellevest Review 2024 Quick Summary
💰 Min Deposit 1
👱‍♂️ Used By 10,000 ellevest users and traders
📆 Founded 2008
🌍 HQ USA
👮‍♂️ Regulation Unregulated
🚫 Excluded Countries ellevest is not available in the following countries :

Open ellevest's Website

Your capital is at risk

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is ellevest?

ellevest are a worldwide financial trading platform and broker. founded in 2008

Over 16 years later ellevest now serves over 10,000 retail investors Forex trading, CFD trading, Spread Betting trading, Social trading, and Share Dealing trading.

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

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this ellevest review and assess how well the ellevest platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like ellevest. Choosing or shortlisting a trading platform like ellevest can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like ellevest.

As a result, selecting the right trading platform like ellevest requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like ellevest available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like ellevest requires thorough due diligence and careful consideration. Some ellevest trading features can be complex when trading on mobile or using the ellevest online trading platform. Beginners and inexperienced traders must take the time to learn how to use the ellevest trading tools properly. In our review of ellevest we explain the pros and cons. What ellevest offer, countries ellevest are available in. Who ellevest are regulated by and more.

ellevest Review Screenshot

When it comes to online trading with brokers like ellevest, carefully review ellevest as your broker can make or break your success. Choosing the right broker is essential to ensure your ellevest investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your ellevest review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of ellevest. You must also ensure the ellevest broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, ellevest needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with ellevest into easily digestible information in this ellevest review. We want to ensure you have all the knowledge necessary to use the ellevest trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with ellevest are the key to successful trading, so we've provided this detailed ellevest review. So, take a seat, grab a cup of coffee, and dive in to learn about ellevest and how it can benefit you or if ellevest is not for you.

Online investing with ellevest can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with ellevest, evaluating the ellevest platform is important. Evaluation includes researching the ellevest management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with ellevest. That's why it's essential to understand the ellevest company policies and practices before making any investment decisions. By doing your due diligence and understanding ellevest platform, you can make informed investment choices that align with your financial goals. So take the time to research ellevest thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this ellevest review you need to determine if ellevest is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to ellevest, so you can make a more informed decision and compare other brokers against ellevest.

If you want to look at some ellevest alternatives that might better fit your needs, we list and compare some of the best ellevest alternatives further down this ellevest review.

Trading online with ellevest requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the ellevest trading tools and features. You must know what you are doing when trading with ellevest. That's why we've compiled this detailed ellevest review with some important information that will hopefully make you more informed when online trading with ellevest.

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. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing are considered financial assets.

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. The assets and products available to you on the ellevest trading platform depends on the region of the world, you are in and the ellevest entity you have an account.

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.

Are ellevest safe?

When considering ellevest for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as ellevest, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2008, and in operation for 16 years ellevest have a head office in USA.

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

ellevest withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like ellevest are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. ellevest are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of ellevest and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. ellevest has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, ellevest will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like ellevest, you can enjoy peace of mind and focus on your trading activities.

Your capital is at risk

Is my money safe with ellevest?

All payments made to ellevest by traders are securely held in a segregated bank account.

ellevest uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

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

ellevest partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their ellevest clients' funds.

ellevest clients can have greater confidence in their financial security when working with a Tier 1 bank because ellevest are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

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

Depositing funds with ellevest ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if ellevest were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that ellevest is a secure and safe platform.

Please be aware that trading in financial assets with ellevest carries a risk of loss. ellevest trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

ellevest emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about ellevest, let's closely examine its features.

To better understand the ellevest trading platform, you can create two separate accounts - one with real money and the other a ellevest demo account. A ellevest demo account provides a risk-free environment for experimenting with the ellevest platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in ellevest trading decisions.

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 IC Markets Roboforex eToro
Year Established 2008 2007 2009 2007
Head Office USA Australia Belize Cyprus, UK
Regulation Unregulated Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 10,000+ ellevest users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit ellevest Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider.

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

The online broker ellevest is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with ellevest, you may not receive adequate help or recourse.

  • Unregulated

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 countries including nations in Africa, Asia, Oceania, and Europe. Major countries ellevest covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. 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. A currency conversion fee may be applied as withdrawals and deposits from ellevest are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

ellevest Costs To Check

Modern brokers like ellevest provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, ellevest may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall ellevest trading profitability.

How ellevest Fees Compare Against Other Brokers

Broker ellevest IC Markets Roboforex eToro
Min Deposit 1 200 10 50
Withdrawal Fees varies No Yes Yes
Inactivity Fees No No Yes
Deposit Fees Varies No No
CFD Commission Fees Yes No Yes

ellevest Minimum Deposit

ellevest requires a minimum deposit of 1 GBP/USD/EUR 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.

Don't be scared off by brokers like ellevest charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like ellevest, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

ellevest Withdrawal Fees

The fees for withdrawing funds from your ellevest account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your ellevest withdrawal request is important.

ellevest Withdrawal rules may vary across different brokers when it comes to transferring funds from your ellevest or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with ellevest may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the ellevest withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from ellevest. Researching and comparing ellevest withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing ellevest funds frequently or dealing with large sums of money. Awareness of these ellevest fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your ellevest funds.

For example, ellevest allows you to withdraw your funds to Bank Transfer.

ellevest Inactivity Fees

ellevest does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by ellevest terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all ellevest fees and services. It's recommended that you check the ellevest website before signing up. If you decide to close your ellevest account, it's important to do so with the ellevest broker customer support and obtain confirmation that no remaining ellevest fees are due.

Brokers like ellevest must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

ellevest Deposit Fees

ellevest do charge deposit fees.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

ellevest Commission Fees

ellevest does charge commission on CFD instruments.

Brokerage firms like ellevest may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the ellevest trading account level held by the trader.

ellevest may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing ellevest terms and conditions to understand the commission fees and any other charges that may apply is essential.

ellevest review
What can you trade with ellevest?

It's essential to note that the trading instruments offered under the ellevest brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the ellevest trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, ellevest offer over currency pairs.

ellevest Compared To Other Brokers

Compare ellevest with IC Markets and Roboforex below.

Your capital is at risk

How ellevest Trading Options Compare Against Other Brokers

Broker ellevest IC Markets Roboforex eToro
Instruments Available 275 2250 100 5000
Platforms  Windows, Android, Mac OS, iOS MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50
Major Forex pairs No Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs No Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042
UK Shares No Yes Yes 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 IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider.

ellevest review
Trading on ellevest web platforms and other applications

ellevest provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

ellevest also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See ellevest's platforms

Is the ellevest Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the ellevest trading platform to protect you on PC and mobile ellevest platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using ellevest web trading platforms.

ellevest Trading Platform Options

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

ellevest offers its custom trading platform developed and tested in-house. The ellevest trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The ellevest platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With ellevest, you can 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

  • ellevest Low min deposit

ellevest Trading Accounts Offered

Below we give an overview of the account types that ellevest offer. Whatever you are looking to trade, the varying ellevest account types will be able to provide you with what you need.

  • ellevest Islamic account

Can I try ellevest?

ellevest provides a demo account that enables individuals to explore trading before investing their funds. By creating a ellevest practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the ellevest demo account can help individuals to make informed decisions before investing their money.

Open a demo ellevest account to practice and trade.

Your capital is at risk

ellevest withdrawal and funding methods

It's essential to remember that the payment methods provided by ellevest vary based on the ellevest entity and the ellevest client's country of residence. To view the ellevest payment options available, you can log into your ellevest member's area.

ellevest offers various funding payment methods listed in your ellevest dashboard if available in your region. To learn more about the ellevest funding and withdrawal options available in your area, you can explore the ellevest website.

ellevest provides several payment methods for funding your ellevest account. You may utilize any of these deposit options if they are available in your region. ellevest ensures that users have multiple payment methods to choose from, making it more convenient for verified ellevest account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the ellevest user's location. learn more about ellevest funding and withdrawal methods.

ellevest Payment Methods

Some ellevest payment methods are local and are available only to specific regions. ellevest account holders should check which payment methods are provided in your region.
  • ellevest accepts Bank Transfer
Broker ellevest IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available ellevest and other broker payment methods depend on the clients country of residence.

How can I start trading with ellevest?

To open a trading account with ellevest, individuals can sign up on the ellevest website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for ellevest account validation and making a deposit. Once completed, ellevest users can download the trading platform of their choice.

It's important to note that ellevest requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps ellevest maintain a trustworthy financial environment for its 10,000 users. Detailed information on the ellevest trading platforms is available on their website.

Your capital is at risk

Performing trades with ellevest

When using ellevest, the minimum trade size is typically units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. ellevest have a max trade of .

ellevest, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like ellevest can be useful for traders starting or with limited capital.

Like other brokers, ellevest margin requirements can differ depending on the traded instrument.

CFD Trading on ellevest

We will show you an example of the basics of using ellevest leverage.

CFD trading on ellevest allows traders to speculate on the price movements of various financial instruments against the broker ellevest, without actually owning real assets. With CFDs, ellevest traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

ellevest provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, ellevest leverage profits and losses are magnified when trading. For instance, using CFDs, you use the ellevest trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, ellevest leverage magnifies both profits and losses in trading.

Trading CFD trades on the ellevest platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced ellevest traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk

Education Resources at ellevest

To trade effectively with ellevest, it's important to have a good understanding of the ellevest trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with ellevest and externally.

ellevest . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with ellevest. Familiarizing yourself with the ellevest trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using ellevest. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with ellevest involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like ellevest, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with ellevest. Explore the ellevest platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with ellevest, before live trading.

Customer Support at ellevest

As part of our ellevest review, we review customer service options, response times and problem resolution effectiveness on the ellevest trading platform. The ellevest trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.

ellevest Available Support Types

Based on our experience, we have given ellevest a D grade for customer support. We encountered some slow response times or ellevest queries that were left unanswered.

Compared to other brokers, ellevest offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.

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 IC Markets Roboforex eToro
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit ellevest Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider.

What you will need to open an account with ellevest

As ellevest is regulated by Unregulated.

As a new client of ellevest, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with ellevest in your region. During the ellevest account opening process, you will be asked to provide ellevest with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with ellevest have the following documents available.

  • ellevest require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for ellevest compliance. This must be dated within the last six months.
  • If you plan to fund your ellevest account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the ellevest platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under ellevest Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring ellevest's platform.

However, remember that you won't be able to make trades on ellevest until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the ellevest KYC compliance process as soon as possible to avoid any delays in accessing the ellevest platform's features.

It is important to note that ellevest may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the ellevest platform and features immediately. However, you must pass the verification process to start live trading with ellevest, which can take up to a few business days.

To start the process of opening an account with ellevest you can visit the ellevest trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://www.ellevest.com/ on February 18, 2024.

Is ellevest A Good Broker?

We have spent over 5 years examining ellevest in depth. Although we found some very useful aspects of the ellevest platform that would be useful to some traders. We feel that a alternative to ellevest may better suit you.

  • ellevest have a good track record of offering Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing.
  • ellevest has a history of over 16 years.
  • ellevest has a reasonable sized customer support of at least 10.
  • ellevest are regulated by the Unregulated. ellevest is subject to strict regulatory oversight from its respective jurisdiction, which holds ellevest (the broker) accountable for misconduct. This regulatory framework helps ensure that ellevest operates fairly and transparently and provides ellevest customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and ellevest.
  • ellevest have regulation from reputable regulators.
  • One of the advantages of using ellevest is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from ellevest are particularly important as ellevest traders want to receive their money quickly. With the efficient ellevest payment processing system, traders can enjoy faster access to their ellevest funds.
  • ellevest have an international presence in multiple countries. Including local ellevest seminars and training.
  • ellevest can hire people from various locations in the world who can better communicate in your local language.

ellevest Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

ellevest not quite right?

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Related ellevest Vs Comparisons

Throughout our comprehensive ellevest review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing ellevest against other popular brokers in the industry, check out our ellevest Vs pages. Our team has compiled a series of detailed ellevest comparison articles, pitting the ellevest platform against some of the best-rated ellevest competitors in the market. Dive into our informative ellevest Vs pages below to find out how ellevest stacks up against other leading brokers.

ellevest review
ELLEVEST Frequently Asked Questions

Read our detailed ellevest FAQ Section updated for 2024.

Can I try ellevest?

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 depends on the ellevest Entity and the client's 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?

ellevest have over 10,000 users. 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 bank's financial health and strength.Trading with ellevest is risky, and because the market is so volatile, losses could happen at any time. Do not invest with ellevest unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Your capital is at risk

Is ellevest trading good?

ellevest is considered good and reputable to trade with ellevest. ellevest is used by over 10,000 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 16 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 bank accounts for security. ellevest is not regulated. Although this doesn't mean ellevest are awful, we recommend trading with regulated brokers.

Is ellevest a good broker?

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

Is ellevest trustworthy broker?

Despite any potential benefits associated with ellevest, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like ellevest, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.

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 depending on the method but averages 1-5 days.

Is ellevest regulated?

ellevest is not regulated by a top tier financial regulator.

Is ellevest a market maker?

ellevest is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller 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. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on ellevest trading platforms, you can follow the link provided below: Learn more about signing up with the ellevest trading platform here. This will provide useful information and insights into the various trading platforms offered by ellevest, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with ellevest?

Yes your money is safe with ellevest.

Overall, strict financial regulation is essential for ensuring that trading platforms like ellevest operate fairly, transparently, and responsibly, which ultimately benefits all ellevest stakeholders involved.

Trading platforms like ellevest must have strict financial regulation for several reasons:

  • Protecting ellevest Investors: Strict financial regulation ensures that investors who use the ellevest trading platform are protected against fraudulent or unethical behavior by the ellevest platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the ellevest platform.
  • Maintaining ellevest Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the ellevest trading platform. Regulatory procedures reduce the likelihood of the ellevest platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing ellevest Transparency: Regulations require trading platforms like ellevest to maintain detailed records and disclose ellevest client information. Financial regulatory requirements enhances transparency and helps to build trust between the ellevest platform and its investors.

ellevest is regulated by the Unregulated. When selecting a broker such as ellevest, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, ellevest ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like ellevest.

Is ellevest a con?

While we would not say that ellevest is a con. Because a top tier financial regulator does not regulate them, 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 vary on payment method.ellevest does charge a fee for inactive accounts. ellevest do charge deposit fees.

When was ellevest founded?

ellevest was founded in 2008.

How many people use ellevest?

ellevest is used by over 10,000 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, 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 guaranteed 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 an Islamic account.

What are the funding methods for ellevest?

Please note that funding methods and options available with ellevest can be found in the ellevest Members area and depend on the ellevest client’s country of residence. Please check your specific available payment methods on the ellevest website. 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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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