Yes, Elana Trading offers a Demo Account that mimics a live trading account and offers many features for traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
Elana Trading at a glance
| 🔍 Broker's Name | Elana Trading |
| 🏛 Headquartered | Bulgaria |
| 📅 Year Founded | 1991 |
| 🏛 Regulating Authorities | The Financial Supervision Commission (FSC) |
| 🌍 Countries not accepted for trade | 1991 |
| ☪️️ Islamic (swap-free) Account | No |
| 📒 Demo Account | Yes |
| 🏛 Institutional Accounts | Yes |
| 💻 Managed Accounts | Yes |
| 📉 Maximum Leverage | 1:200 |
| 💰 Minimum Deposit | No minimum |
| 💳 Deposit Options | Credit Card/Debit Card Wire Transfer |
| 📊 Platform Types | ELANA Global Trader FOREX359 ELANA BG Trader |
| 📲 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 📉 Tradable Assets | Over 180 currency pairs, precious metals, binary options, CFDs, shares, futures, options, and ETF |
| 🌐 Languages supported | English and Bulgarian |
| ☎ Customer Service Hours | 24/5 |
Min Deposit
USD 0
Regulators
FSC
Trading Platform
Elana Global Trader
Crypto
Yes
Total Pairs
180+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Elana Trading Demo Account below.
Elana Trading Demo Account Types Revealed – A Key 8 Point Quick Overview
- ✅Elana Trading at a glance
- ✅Elana Trading Overview
- ✅How to set up an Elana Trading Demo Account – Step by Step
- ✅Elana Trading Demo Account Features
- Elana Trading Pros and Cons
- Elana Trading Customer Reviews
- Conclusion
- Frequently Asked Questions
Here is an overview of the Elana Trading Demo Account as well as the features that are offered.
Elana Trading Overview
Elana Trading is a well-regarded European broker operating out of Bulgaria that was established as far back as 1991. As such, the broker has more than 30 years of experience in the global financial markets and is backed by a large and lucrative parent company, while its team consists of industry experts and analysts.
Elana Trading offers access to currencies, indices, stocks, options, futures, ETFs, CFDs, and commodities. Elana Trading is regulated by the FSC (Bulgaria). The trading of these assets is facilitated on either the MetaTrader 4 platform or the broker proprietary Elana Global Trader platform, each with its own distinct set of tools and features.
The Elana Global Trader is also popular and well-reviewed by users for its Fast Order Execution, Advanced charting, Technical Analysis tool, Market news and analysis, Economic Calendar, Flexible workspace, Stock Screener, Equity Research, and Performance Overview.
Elana Trading is well-regulated to offer a secure trading environment. ELANA Trading AD is registered in Bulgaria and is authorized and regulated by the Financial Supervision Commission (Register number RG-03-0030). For your safety and in compliance with regulations, all clients’ funds are kept separately in segregated bank accounts and are covered by the Investor Compensation Fund Bulgaria.
How to set up an Elana Trading Demo Account – Step by Step
Opening a demo account with Elana Trading will consist of the following steps:
- Step 1 – Navigate to the Elana Trading website
The first step in registering for an Elana Trading demo account involves traders navigating to the website and clicking on the ‘Open free demo’ link and you will be redirected to a new window.
- Step 2 – Fill out the Elana Trading account registration form
Here you will be asked to complete the online registration form for a demo account. Traders need to provide their First names, telephone numbers, and email address.
- Step 3 – Access the Elana Trading Demo Account Trading Platform
When selecting the option to submit, traders will be redirected to a page that contains the Elana demo account platform log-ins, where traders are free to explore. Your details will be verified and an email at the address that you have provided during the registration will also contain the trader’s demo account number and password.
A forex demo account is also intended for beginners to get familiar with the various aspects of trading. As such, a demo account will allow traders to learn how to place orders, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
Elana Trading Demo Account Features
The demo account from Elana Trading is funded with virtual currency and allows users to test out the features of the broker’s trading platform before signing up for a real account.
| 🌐 Demo Account Features: | $10 000 |
| 30 Days | |
| No documents required | |
| 📊 Trading Platforms | ELANA Global Trader FOREX359 ELANA BG Trader |
They will also be able to practice using a variety of advanced features that include Fast Order Execution, Advanced charting, Technical Analysis tool, Market news, and analysis, and Economic Calendar, Flexible workspace, Stock Screener, Equity Research, and Performance Overview.
Elana Trading Pros and Cons
| ✔ PROS | ❌ CONS |
| Easy demo account sign-up process | demo account expires after 30 days |
| Regulated broker | |
| Virtual funds provided |
Elana Trading Customer Reviews
Great Platform!
Elana Trading’s BG Trader is by far the best I’ve come across, Elana Trading provides the easiest and most accessible trading platforms – D
No Affiliate Programs offered?
Elana Trading offers no Affiliate programs to Brokers in South Africa – this can be considered for future offerings – Shannon
No Sign Up Bonus
The Elana website is easy to navigate but I am just disappointed that there are no bonuses or reward programs on offer. – Chrissy
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Min Deposit
USD 0
Regulators
FSC
Trading Platform
Elana Global Trader
Crypto
Yes
Total Pairs
180+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Overall, traders with Elana can enjoy access to numerous assets, and a strong platform offering consisting of advanced and customizable features. Elana Trading is a well-established broker that seeks to incentivize new traders by offering more competitive trading conditions. The Bulgarian forex broker complies with EU regulations to provide access to a wide range of assets, facilitated on the MT4 platform and the broker’s own proprietary software.
Frequently Asked Questions
Can Traders from South Africa open an Elana Trading demo account?
Traders from South Africa can open an Elana Trading demo account.
Is Elana Trading a good option for beginner traders?
Elana Trading is a good forex broker for beginner traders. Feel free to experience their trading environment with the Elana Trading demo trading account.
How long is the Elana Trading demo account valid?
The demo account from Elana Trading does expire after a period of 30 days
Is the Elana Trading demo account rigged?
Elana Trading account mimics the environment of live trading conditions for traders to practice trading risk free, therefore the Elana demo account options are not rigged.
Can you withdraw money from an Elana Trading demo account?
Elana Trading does not provide the option to withdraw the virtual funds on its demo account.
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