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Elefin is a new forex broker gaining attention in India, offering MT5, WebTrader, 300+ instruments, competitive spreads and trading promotions.
Visit ElefinAbout Elefin
Elefin is a multi-asset online trading platform offering access to global financial markets through derivative products and CFDs. Its published offering covers forex, metals, energies, indices, share CFDs and cryptocurrency CFDs.
Elefin currently promotes two main account types, access to MetaTrader 5 and Elefin Web Trader, swap-free account options, multiple funding methods and a range of trading tools and market-information resources.
Account Types
Elefin currently offers two main account types: Standard and PRO. The accounts differ primarily in minimum deposit, published spreads and maximum leverage.
Standard
StandardPRO
PROAccount Features
FeaturesAccount availability: Elefin states that account conditions, leverage, spreads and product availability can vary depending on account configuration, instrument, jurisdiction and market conditions. Traders should confirm the latest specifications before opening an account.
Elefin Trading at a Glance
Published spread note: Elefin's main trading page advertises the PRO account with spreads from 0.3 pips, while its detailed Help Center currently lists EUR/USD from 0.7 pip for PRO. XK Trading Floor uses the detailed instrument-specific figure in the account comparison and notes the difference rather than presenting the two figures as identical.
Risk: "From" spreads represent published minimum pricing and are not a guarantee that every trade will execute at that level. Spreads and execution can change with volatility, liquidity, news events, order type and platform conditions.
Markets & Instruments
Elefin advertises access to more than 300 instruments across multiple financial markets through its trading platform ecosystem.
Forex
Elefin provides access to currency-pair CFDs, with published pricing for major FX instruments such as EUR/USD.
Metals & Energy
The platform offers precious metals such as gold and silver, together with energy-market products subject to the available instrument specifications.
Indices
Traders can access index CFDs representing different global equity markets.
Shares & Crypto
Elefin also advertises share CFDs and cryptocurrency CFDs, including BTC/USD.
Trading Platforms
Elefin provides access to MetaTrader 5 together with its browser-based Web Trader. Its current trading page also references MetaTrader 4 within its platform ecosystem, so traders should confirm the platform available for their particular account before registration.
MetaTrader 5
MT5 provides charting, order management, technical analysis, multiple timeframes, account history and automated trading capabilities where enabled.
Elefin Web Trader
Elefin's browser-based trading environment provides account access without requiring the installation of desktop trading software.
Mobile Trading
MT5 mobile access supports compatible iOS and Android devices, allowing traders to monitor markets and manage positions while away from desktop.
Trading Tools
Elefin also provides trading tools and market resources, including position-size, pip-value and gain/loss calculators and economic-calendar information.
Deposits & Withdrawals
Elefin states that it supports cryptocurrency and local payment methods. Its current account page also references debit cards, bank transfer and UPI among available deposit methods, depending on location and availability.
Deposits
Elefin's Help Center currently states a minimum deposit of $50 for crypto and local payment methods. The company requires clients to complete verification before making their first deposit.
Withdrawals
Elefin lists a minimum withdrawal of $20 for crypto and local payment methods. Withdrawal requests can be subject to security checks, payment-provider processing and compliance review.
Check before funding: Available payment methods, processing times, fees, conversion rates and withdrawal requirements may vary. Elefin states that clients should review the payment information shown in the official client portal before confirming a transaction.
Company & Registration
Elefin's current website identifies the operating company as Elefin Ltd, registered in Saint Lucia under registration number 2026-00297.
The registered office is listed as Ground Floor, The Sotheby Building, Rodney Bay, P.O. Box 838, Gros-Islet, Saint Lucia.
Elefin states that its client agreements, terms and applicable jurisdictional provisions are governed by the laws of Saint Lucia.
Registration vs. regulation: A company registration number is not automatically equivalent to financial-services authorization. Saint Lucia's FSRA states that forex business is not licensed in Saint Lucia. Elefin's website refers to 2026-00297 as a "license number", so traders should independently verify the legal and regulatory protections that apply to them.
Regulatory Status
Elefin's website identifies Elefin Ltd as registered in Saint Lucia under registration number 2026-00297. The company's compliance page describes this number as a licence number.
The Saint Lucia Financial Services Regulatory Authority (FSRA) has publicly stated that forex business is not licensed in Saint Lucia and that forex activities are not captured under the current Saint Lucia framework supervised by the FSRA. This general FSRA statement does not specifically name Elefin in the warning notice reviewed for this profile.
WikiFX's current Elefin profile displays its own regulatory classification and lists Elefin Ltd, Saint Lucia, registration number 2026-00297, together with MT5 identification data. WikiFX's classification is a third-party assessment and is not treated by XK Trading Floor as independent proof of financial-services authorization.
XK Trading Floor view: Company registration and financial regulation should be treated as separate data points. Traders should verify the current regulatory records of the relevant authority in their jurisdiction and understand what investor protections, if any, apply before depositing funds.
Education, Tools & Customer Support
Elefin provides educational and market-information resources through its website and Help Center. Its current trading ecosystem includes calculators, economic-calendar information, market resources and other trading-related tools.
Elefin also provides customer support through its official support channels. Traders should use the current official website and client portal for the latest contact information.
KYC & Verification
Elefin requires identity verification before the first deposit or trading activity. Depending on the client's circumstances, additional documents such as proof of address, source-of-funds or other compliance information may be requested.
AML & Compliance
Elefin references identity verification, anti-money-laundering checks, source-of-funds review and ongoing monitoring as part of its compliance processes.
Elefin at a Glance
Elefin is a multi-asset online trading platform offering access to forex, metals, energies, indices, share CFDs and cryptocurrency CFDs. The current account structure consists of Standard and PRO accounts, with minimum deposits starting at $50 and $500 respectively.
The current Help Center lists EUR/USD spreads from 1.0 pip on Standard and 0.7 pip on PRO. Gold is listed from 2.4 pips on Standard and 2.0 pips on PRO, while Bitcoin is listed from $26 and $22 per lot respectively. Maximum leverage is listed at up to 1:1500 for Standard and up to 1:2000 for PRO.
Elefin provides MT5 and Elefin Web Trader access, supports crypto and local payment methods, and requires KYC verification before the first deposit. The company identifies Elefin Ltd as registered in Saint Lucia under number 2026-00297.
Elefin's website, Help Center and third-party sources should be reviewed together when researching the company. In particular, company registration and financial regulation are separate matters, so traders should verify the current legal and regulatory position and understand the protections applicable to their own jurisdiction before opening or funding an account.
Spreads — Elefin
Illustrative sample figures • Live data coming soon
| Pair | Spread | Δ |
|---|---|---|
| EUR/USD | 0.96 | |
| GBP/USD | 1.26 | |
| USD/JPY | 1.21 | |
| AUD/USD | 1.21 | |
| XAU/USD (Gold) | 28.7 | |
| XAG/USD (Silver) | 3.58 | |
| BTC/USD | 43.3 | |
| ETH/USD | 10.2 | |
| US30 | 3.17 | |
| SPX500 | 0.72 |
Illustrative sample figures — not live market data.
User Reviews
Login to ReviewElefin: frequently asked questions
What do traders say about Elefin?
No trader has reviewed Elefin on XK Trading Floor yet. If you have traded with Elefin, you can write the first review.
Is Elefin regulated?
The regulation or registration listed for Elefin on XK Trading Floor is: Saint Lucia. Always check a broker's licence on the regulator's own register before depositing.
Where is Elefin based?
Elefin is listed as based in India.
How long has Elefin been operating?
Elefin has been operating for 1 Year.
What is the minimum deposit at Elefin?
The minimum deposit listed for Elefin is $500.