ElazarCapital Broker Review

ElazarCapital (elazarcapital.com) presents itself as a reputable international broker with years of experience, premium trading conditions, and advanced analytical tools. On its website, the company promises “high standards of service” and “exclusive strategies” capable of generating substantial profits for clients. However, a closer look at the broker’s operations reveals multiple red flags — including a lack of proper licensing, opaque terms, aggressive marketing tactics, and numerous customer complaints about blocked accounts and withheld funds. In this review, we break down the facts behind the ElazarCapital brand and explain why it represents a serious risk to investors.

Company Overview

• Name: ElazarCapital
  
• Website: elazarcapital.com
  
• Claimed Jurisdiction: Saint Vincent and the Grenadines (offshore zone)
  
• Stated Licenses: unspecified “international regulatory approvals” – unverified
  
• Trading Instruments: Forex pairs, CFDs on stocks and commodities, cryptocurrencies
  
• Operating Model: web-based trading platform and mobile application
  

Domain registration checks show that elazarcapital.com was created relatively recently, contradicting claims of a long operational history. The company’s legal address places it in an offshore jurisdiction with minimal financial oversight.

Trading Platform

ElazarCapital offers access to trading exclusively through its proprietary web-based platform and a mobile application. Unlike widely recognized platforms such as MetaTrader 4/5 or cTrader, this in-house system does not provide transparency regarding order execution, liquidity providers, or pricing sources.
Key drawbacks reported by users include:

• No option to connect to independent charting tools or third-party plugins.
  
• Limited order types and lack of advanced risk management features.
  
• Price feeds that appear inconsistent with real market data.
  
• No public audit or third-party certification of trade execution quality.
  

Such limitations make it impossible to verify whether trades are executed on real markets or simply simulated within the broker’s internal system — a common practice among unregulated entities.

Regulation and Licensing

One of the most critical factors in assessing a broker’s credibility is its regulatory status. Verification of ElazarCapital across respected financial authorities returned the following results:

• Bank of Russia: No license; listed in the regulator’s warning list as an entity with signs of a financial pyramid.
  
• FCA (UK): Not registered.
  
• CySEC (Cyprus): Not registered.
  
• ASIC (Australia): Not registered.
  

The only “regulation” ElazarCapital appears to rely on comes from offshore bodies that do not enforce investor protection or provide legal recourse in disputes. This means that clients have no effective way to recover funds through regulatory channels if the broker refuses withdrawals.

Terms and Conditions – Hidden Risks

A review of the broker’s User Agreement reveals clauses that heavily favor the company and can be used to block or delay withdrawals:

• The right to unilaterally change trading conditions without client consent.
  
• The ability to freeze accounts without explanation under the pretext of verification.
  
• Early account closure fees of up to 20% if funds are withdrawn before one year of account activity.
  
• Vague and undefined withdrawal commissions, reported by clients to reach 25–30% of the requested amount.
  

Such terms are typical of scam brokers — they create a legal pretext to withhold client funds at any time.

Available Trading Instruments

According to its website, ElazarCapital claims to offer a wide range of assets, including:

• Forex pairs: majors, minors, and selected exotic currencies.
  
• CFDs on stocks: mostly popular US and European companies.
  
• Indices: key global benchmarks such as S&P 500, NASDAQ, and DAX.
  
• Commodities: gold, silver, oil, and other raw materials.
  
• Cryptocurrencies: Bitcoin, Ethereum, and several altcoins.
  

However, without regulatory oversight, there is no guarantee that these instruments are actually traded on live markets. In many scam operations, such offerings exist only on paper to attract a broader audience.

Account Types and Minimum Deposit

ElazarCapital’s account structure is designed to push clients toward higher deposits by linking features to investment tiers. Typical account categories include:

• Basic Account – Minimum deposit around $250; limited features, basic spreads.
  
• Silver / Gold Accounts – Higher deposits (from $1,000 to $10,000); promises of tighter spreads, faster withdrawals, and personal account managers.
  
• VIP / Premium Accounts – Deposits exceeding $25,000; “exclusive strategies” and priority service.
  

This tiered system is often used by high-risk brokers to incentivize clients to deposit more without offering any verifiable improvements in service quality.

Spreads, Fees, and Commissions

The broker does not provide transparent information about its fee structure. Spreads are described as “competitive” but without specific averages for each asset class. Clients have reported:

• Sudden widening of spreads during normal market hours.
  
• Additional commissions applied at withdrawal that were not mentioned at the time of deposit.
  
• Early account closure penalties (up to 20% of the account balance).
  

This lack of transparency makes it difficult for traders to calculate the actual cost of trading.

Education and Research Tools

ElazarCapital advertises access to market analysis and educational content, but these materials are primarily generic articles and outdated charts. Unlike legitimate brokers, there is no evidence of in-depth market research, real-time news feeds, or professional-grade learning modules. Most “education” is used as a sales funnel to encourage larger deposits rather than genuinely improve trading skills.

Deposits and Withdrawals

• Funding methods: reportedly include credit/debit cards, bank transfers, and select e-wallets.
  
• Withdrawal process: officially “processed within 3–5 business days,” but clients report delays of weeks or complete non-payment.
  
• Additional “tax” or “verification” fees are often introduced at the withdrawal stage.
  
• No segregated client accounts, meaning deposited funds are likely mixed with company operating capital — another high-risk indicator.

Marketing Tactics

ElazarCapital relies on aggressive and manipulative marketing techniques:

• Cold calls from “financial analysts” promising guaranteed returns.
  
• Social media ads featuring “success stories” and fabricated trading results.
  
• Claims of “exclusive investment strategies” and “200% annual profits.”
  

Legitimate brokers do not promise guaranteed profits — especially at such unrealistic levels — as all trading involves risk.

How the Scam Works

Reports from former clients and the broker’s operational patterns suggest a classic fraudulent scheme:

1. Initial Recruitment – Potential clients are contacted via ads or phone calls and persuaded to open an account with a small deposit.
   
2. Simulated Profits – The trading dashboard shows early gains to build trust.
   
3. Pressure to Deposit More – Clients are encouraged to invest larger amounts for “premium” opportunities.
   
4. Withdrawal Barriers – When attempting to withdraw funds, clients face demands for upfront taxes, commissions, or repeat verification.
   
5. Account Freeze & Disappearance – Accounts are blocked, support stops responding, and in some cases the website goes offline.
   

Customer Complaints

Numerous victims have shared similar experiences:

• Dmitry, Moscow: “I invested 750,000 RUB. Tried to withdraw 100,000 — they demanded 25,000 RUB in commission. After I refused, my account was blocked and support vanished.”
  
• Anna, Yekaterinburg: “Transferred 500,000 RUB on their advisor’s recommendation. Two weeks later, the ‘system failed’ and my balance disappeared. They offered to return it for 10% of the loss.”
  
• Igor, Krasnodar: “Requested a $40,000 withdrawal, then got accused of violating the rules. Account blocked; site shut down a month later.”
  
• Olga, Novosibirsk: “After a mobile app update, withdrawals stopped working. Support demanded a fee to restore access — when I refused, my funds were gone.”
  

The consistency of these stories indicates a systematic approach to defrauding clients rather than isolated errors.

Connections to Other Fraudulent Projects

Technical checks suggest ElazarCapital may be linked to other scam brokers:

• Shared hosting infrastructure and IP addresses with previously blacklisted platforms.
  
• Identical website templates and client portal designs.
  
• Nearly identical legal documents with only the company name changed.
  

This pattern is common in scam networks that rebrand under new names after facing regulatory warnings.

Why ElazarCapital is a High-Risk Broker

• No valid license from a recognized regulator.
  
• Offshore registration with no investor protection.
  
• Legal clauses allowing unilateral account freezes and fund retention.
  
• Aggressive, deceptive marketing strategies.
  
• Documented history of client losses and blocked withdrawals.
  
• Official warnings from regulators, including the Bank of Russia.
  

Conclusion on ElazarCapital 

ElazarCapital shows all the hallmarks of a fraudulent brokerage operation. It operates without credible regulation, uses manipulative terms and marketing tactics, and has a clear track record of withholding client funds.

Our advice is clear:
Avoid any financial dealings with ElazarCapital. If you are already a client:

• Stop depositing funds immediately.
  
• Save all correspondence, account records, and payment proofs.
  
• Contact your bank to request a chargeback.
  
• File a report with relevant financial authorities.
  

A trustworthy broker will always have a transparent regulatory license, clear terms, and no promises of guaranteed profits. ElazarCapital fails on all these points, making it a serious danger to investors.