Understanding Elefin Broker Spreads: Standard vs. Pro Accounts

When choosing a forex broker, one of the most important factors to consider is the cost of trading. For most traders, this comes down to the spreads. If you are considering trading with Elefin, you are probably wondering exactly what their spreads look like.

Elefin offers multiple account types tailored to different trading styles. In this post, we will break down the spreads and features of their Standard and Pro trading accounts so you can decide which one fits you best.

Elefin Standard Account Spreads

The Standard account is perfect for beginner to intermediate traders who prefer a straightforward fee structure without worrying about commissions.

• Spreads: As low as 1.00 Pips
• Commission: No commission
• Contract Size: 1 Lot = 100,000
• Minimum Trade Volume: 0.01 Lots
• Currencies: Multiple base currency options

Since there are no commissions on the Standard account, all the broker fees are built directly into the spread. A starting spread of 1.00 pips is highly competitive for a standard, commission-free account in the forex industry.

Elefin Pro Account Spreads

If you are a day trader, scalper, or someone who trades with high volume, the Pro Account is where Elefin really shines.

• Spreads: As low as 0.30 Pips
• Commission: No commission
• Contract Size: 1 Lot = 100,000
• Minimum Trade Volume: 0.01 Lots
• Currencies: Multiple base currency options

What makes the Elefin Pro account unique is that it offers ultra-tight spreads starting from just 0.30 pips while still charging zero commissions. Typically, spreads this low are reserved for RAW/ECN accounts that charge a fixed commission per lot. Elefin gives you the best of both worlds here.

Which Account Should You Choose?

Choosing between the two depends heavily on your trading strategy:

• Choose the Standard Account if: You are a swing trader holding positions for days or weeks. A 1.00 pip spread will not significantly impact your larger take-profit targets.
• Choose the Pro Account if: You are a day trader or scalper. When you are taking multiple trades a day for smaller pip gains, having spreads as low as 0.30 pips is a massive advantage that will save you a lot of money in the long run.

How to Open an Elefin Account with Low Spreads

Opening an account with Elefin is a simple and quick process. Follow these steps to get started with the lowest spreads:

1. Visit the Elefin Website: Click on our exclusive partner link below to go to the official Elefin signup page.
2. Select Your Account Type: During registration, you will be prompted to choose an account plan. Select the Pro Account if you want the ultra-low spreads starting at 0.30 pips, or the Standard Account for 1.00 pip spreads.
3. Enter Promo Code: Look for the referral or promo code field and enter NEXT15 to ensure your account is tagged for exclusive benefits.
4. Verify Your Identity: Complete the standard KYC process by uploading your ID and proof of address. Elefin usually approves accounts very quickly.
5. Fund Your Account: Make your first deposit using any of the multiple supported payment methods, including bank transfers and crypto.
6. Start Trading: Download your preferred trading platform (like MT4, MT5, or TradeLocker) and start trading with industry-leading low spreads!