The Elana Trading Minimum Deposit is $0, therefore Elana Trading has no minimum deposit amount. This is good when compared to other broker minimum deposit fees, making it still accessible to beginner and smaller retail traders.
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 Minimum Deposit below.
Elana Trading Minimum Deposit Revealed – A Key 9 Point Quick Overview
- ✅Elana Trading at a glance
- ✅Elana Trading Overview
- ✅Elana Trading Minimum Deposit
- ✅Elana Trading Deposit fees and deposit methods
- Step by step guide to depositing the minimum amount with Elana Trading
- Elana Trading Pros and Cons
- Elana Trading Customer Reviews
- Conclusion
- Frequently Asked Questions
Here is our overview of the Elana Trading Minimum deposit as well as the pros and cons as well as features that are offered to traders.
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.
Elana Trading Minimum Deposit
There is no minimum deposit amount required to open a broker account with Elana Trading. That said, it is generally recommended that traders maintain a minimum amount of about $100 (R 1600.00 USD/ZAR at the time of writing) in their account to avoid dropping below negative during trading.
| No Minimum Deposit |
| Spreads from 0.0 pips |
Having no minimum deposit by the broker presents no barrier to entry to new and beginning traders.
Elana Trading Deposit fees and deposit methods
Elana Trading has a limited selection of deposit methods, consisting of a bank wire transfer or debit and credit cards. The broker does not offer any sort of e-payment method at this stage. In terms of deposit security, Elana Trading is regulated by the Bulgarian Financial Supervision Commission (the FSC) and operates within the European Union. The broker is also a member of the Investor Compensation Fund in Bulgaria.
With regards to deposit currencies, Elana Trading accepts a wide variety of major currencies. However, traders depositing in smaller currencies, such as ZAR/Rand, may incur conversion fees.
| Bank Wire Transfer |
| Debit or Credit card |
This Fund is set up to compensate up to 90% of the amount on a trader’s account, but not more than 40,000 Bulgarian levs (about 20,000 Euro, in the unlikely event of broker insolvency. Furthermore, all client funds are stored in segregated accounts with top-tier banks to safeguard against any possibility of financial misappropriation.
Step by step guide to depositing the minimum amount with Elana Trading
Depositing into your account with Elana Trading consists of the following steps:
- Step 1 – Log into your Elana Trading account
The first step in depositing funds into the Elana Trading account requires traders to log into their account after registration has been completed.
- Step 2 – Select the option to make a deposit
Traders should provide the following details: the Name of the Client/originator of funds (Ordering customer), must always match the name of the account holder. Your account number and account currency are in the reference section (Details of payment) of the wire, and “ELANA Trading AD” in the beneficiary section.
- Step 3 – Confirm Payment
Elana Trading Pros and Cons
| ✔ PROS | ❌ CONS |
| No deposit fees or withdrawal fees | Smaller currencies may incur conversion fees |
| No minimum deposit |
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
Affiliate Programs offered?
I’m not sure if Elana Trading offers 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 I make the Elana minimum deposit amount in ZAR?
Elana Trading accepts a wide variety of major currencies. However, traders depositing in smaller currencies, such as ZAR/Rand, may incur conversion fees.
Are my deposits safe with Elana Trading?
Yes. Elana Trading is regulated by the Bulgarian Financial Supervision Commission (the FSC) and operates within the European Union. The broker is also a member of the Investor Compensation Fund in Bulgaria.
What are the deposit methods for Elana Trading?
Elana Trading has the following deposit methods: Bank wire transfer and debit or credit card transactions
Does Elana Trading charge withdrawal fees?
No, but you may incur a fee from your bank, which is beyond the broker’s control.
How long does it take to make a withdrawal?
Withdrawals are processed on the same day but may take differing times to reflect in your account, depending on the specific withdrawal conditions.
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