Elaxnet
About Elaxnet Company
Elaxnet is a renowned financial services provider with a solid presence in the market since 2015. The company has set an ambitious objective for itself – to revolutionize the realm of decentralized currencies. Its parent entity, Elaxnet Group AG, successfully underwent an IPO in 2017 and currently holds the 18th position in the global ranking of firms engaged in token operations.
Trading Instruments and Platform on Elaxnet.com
Elaxnet offers a wide array of trading options, encompassing over 500 assets across diverse classes such as currencies, cryptocurrencies, indices, and commodities – spanning from energy sources to agricultural products. Clients benefit from access to two premier trading platforms: the ever-popular MetaTrader 4 and 5.
For clients preferring not to engage in self-trading, Elaxnet extends a trust management service. Moreover, the company features a loyalty program structured on multi-level marketing principles, allowing clients to elevate their status and convert points into monetary rewards.
Trading Accounts on Elaxnet
- Nano.MT4: A cent account tailored for learning and testing trading strategies. Minimum deposit – 300 USD or EUR, leverage 1:500.
- Standard.MT4: A standard account with a minimum deposit requirement identical to Nano.MT4, offering leverage ranging from 1:1000 to 1:10.
- Standard.MT5: Minimum deposit – 1,000 currency units, leveraging similar to MT4.
- ECN.MT4: Accessible with a deposit of 5,000 USD or EUR, leverage 1:2 – 1:3000.
- Pro.ECN.MT4: The most premium account necessitating a deposit of 10,000 base currency units, leveraging comparable to the preceding account.
Account Funding and Withdrawals on Elaxnet
Comprehensive information regarding account funding and withdrawals is not prominently featured on the company’s website. The accepted currencies for transactions are US dollars and euros. It can be presumed that, in addition to major payment systems, cryptocurrencies are also catered for deposits and withdrawals. Requests for withdrawals are processed via the personal account section. Details concerning processing times and associated commissions are not explicitly disclosed.
Final Remarks
Elaxnet company declares its registration in an offshore jurisdiction but refrains from furnishing documents validating its legal standing. The absence of clear guidelines on withdrawal procedures raises pertinent concerns. Prior to making any deposits, it is advisable to seek advice from a financial legal expert.
This review has been prepared by the specialists at ExpertsReview.