BY — United Kingdom
ELAN FINANCIAL GROUP LIMITED
Licence
ELAN FINANCIAL Review — Overview
Regulation
Offshore regulated
Licence
BY • UNITED
Licence status
Active
Platforms
MetaTrader 4
Min. deposit
$100
Max. leverage
1:500
Instruments
Forex (22 major currency pairs), Spot Gold, Spot Silver
Typical spread
Standard: Starting from 0.1 pips for EUR/USD,Islamic: Starting from 0.1 pips for EUR/USD,ECN: Starts from 0.0 pips
Operating
Est. 2003
Entity
ELAN FINANCIAL GROUP LIMITED
Website
Unknown
ELAN FINANCIAL is a forex & CFD broker based in Australia, established in 2003. On Trust Broker Hub it holds a Trust Score of 6.6 out of 10, which we rate as Fair — above the 5.3/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.
ELAN FINANCIAL's licence comes from an offshore jurisdiction (BY and UNITED). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
ELAN FINANCIAL provides access to Forex (22 major currency pairs), Spot Gold, Spot Silver. Published conditions include a minimum deposit of $100 and leverage up to 1:500. No complaints are currently on record. Overall, ELAN FINANCIAL has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?
Weighted total
7.30
Data completeness
8 of 10 facts verified
80% ×0.90
Trust Score
6.6 / 10
Trust Score history
ELAN FINANCIAL currently scores 6.6/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a BY licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 3 · Offshore
Verified
UNITED — United Kingdom
ELAN FINANCIAL GROUP LIMITED
Licence
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex (22 major currency pairs), Spot Gold, Spot Silver |
| Minimum deposit | $100 |
| Maximum leverage | 1:500 |
| Typical spread | Standard: Starting from 0.1 pips for EUR/USD,Islamic: Starting from 0.1 pips for EUR/USD,ECN: Starts from 0.0 pips |
| Platforms | MetaTrader 4 |
| Demo account | Yes |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on ELAN FINANCIAL
Our analysis · editorial
6.6/10
Solid profile, with some caveats
ELAN FINANCIAL is regulated in an offshore jurisdiction (BY, UNITED), which offers lighter oversight than tier-1 regimes. Based in Australia, it has been operating for about 23 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 6.6/10 — a reasonable profile.
Strengths
- Holds 2 regulatory licences across multiple jurisdictions
- Long 23-year operating track record
- No complaints on record with us
- Supports MetaTrader 4 trading
- Accessible minimum deposit ($100)
Watch-outs
- Regulated only in an offshore jurisdiction — weaker investor protection
- Very high leverage available (1:500) — amplifies risk
Bottom line: A reasonable option, but confirm the entity you open an account with is the regulated one.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
ELAN FINANCIAL — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag ELAN FINANCIAL here if that changes.
Full specifications
Regulated region
Australia
Operating period
5-10 years
Instruments
Forex (22 major currency pairs), Spot Gold, Spot Silver
Year founded
2003
Frequently asked
Is ELAN FINANCIAL a safe broker?
ELAN FINANCIAL scores 6.6 / 10 on our Trust Score, above the 5.3 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us, though that is not proof of good conduct. Trade only with funds you can afford to lose.
How is the ELAN FINANCIAL trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from ELAN FINANCIAL?
ELAN FINANCIAL publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.