ELIGHT TRADE CAPITAL has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.elighttradecapital.com.
I wanted to transfer my portfolio from another broker to ELIGHT TRADE CAPITAL. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Comprehensive tools|Fast execution|Regular updates
Cons: Website design could be more modern|Email notifications too frequent
I had a dispute with ELIGHT TRADE CAPITAL and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Responsive team|Excellent charting
Cons: Desktop app not available on Linux|Would like more payment methods
Tried to withdraw my funds from ELIGHT TRADE CAPITAL and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I am in a dispute with ELIGHT TRADE CAPITAL over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Multi-currency support|Dividend tracking|Smooth onboarding
Cons: Minimum deposit could be lower
My card was charged twice by ELIGHT TRADE CAPITAL on the same day. I had to dispute it with my bank. ELIGHT TRADE CAPITAL then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Fast execution|Segregated accounts|High security standards|Professional team
Cons: Withdrawal takes 1-2 business days|Spreads widen during volatile periods
ELIGHT TRADE CAPITAL had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Fast support response|Automated trading options|Full transparency
Cons: Search feature is basic|Inactivity fee applies after 12 months
Do not believe the bonus offer from ELIGHT TRADE CAPITAL. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Clean UI|Dividend tracking|Fast execution
Cons: Email notifications too frequent
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that ELIGHT TRADE CAPITAL has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly