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Esplanade

Operating status: Unregulated
Website: https://esplanade-ms.com
High-Risk Active
Broker violations and abnormal records
  • Feb 05, 2025 BrokersView has reviewed that Esplanade is an unregulated broker

    Esplanade used to claim to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under number 22514IBC2015. However, the registration number has been canceled as we haven't found any corresponding records on the SVG FSA. Things have worsened as the website of Esplanade has been disabled. Investors should stay vigilant.

    Esplanade used to claim to be registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under number 22514IBC2015. However, the registration number has been canceled as we haven't found any corresponding records on the SVG FSA. Things have worsened as the website of Esplanade has been disabled. Investors should stay vigilant.

Related Complaints

Q&A

I've lost my credit card. How can I change the way I withdraw?

TKS
Great Falls
Nov 30, 2022
ANSWER Esplanade claims to be owned and operated by Esplanade Market Solutions, a company registered in Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with registration number 22514IBC2015. Providing retail and institutional Foreign Exchange services to investors, Trading Forex, Commodities, and other tradable instruments as part of their investment portfolio. However, SVG FSA does neither issue licenses for forex trading nor regulate brokers offering forex activities. For more details on this broker, you can check our full Esplanade review.We keep on reminding traders to be wary of offshore brokers in SVG as they don't provide any funds protection as well as withdrawals guarantee. If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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What documents should I have if I want to open an account in this platform?

Shaman
Saipan
Apr 13, 2023
ANSWER Esplanade is a non-regulated broker that we advise against trading with, despite the seemingly attractive deals it offers.Esplanade claims to operated by Esplanade Market Solutions Ltd., a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 22514 IBC 2015. Although we did find records matching this broker in the registry of the SVG FSA, it's important to note that the SVG FSA neither issues forex licenses nor regulates entities engaged in forex activities. In essence, Esplanade is not subject to any valid regulations.Regarding your question, we strongly advise against dealing with Esplanade since there are no legal protections in place to protect the funds you entrust it to hold and control. Trading with it is highly risky. As a result, we suggest investors avoid unlicensed brokers like Esplanade and opt for fully regulated ones instead.
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4 comments

Andrea
I'm so worried to trade with Esplanade. Within seven days, I had made withdrawals, but no money had been paid into my account. Can't trust.
Jun 09, 2023
Reply
jon
The ECN account here is really nice. Spreads are tight and execution is good, so you have the opportunity to focus on analytics and mental balance.
Jun 01, 2023
Reply
Ambresh Singh
If you ask me, it's a regular broker with normal trading conditions. Yes, trading with this broker is very comfortable. But there are some small problems and details, which a broker should work on. But in the main aspects - money withdrawal, order execution, reliability of servers - everything is great. I've never seen any problems with these things and it's great. You can see that the broker is serious and determined to become better. It just needs a little more time.
Jan 20, 2023
Reply
Evgeny Rozhkov
Excellent broker, I have been working with for 1 year
Jan 20, 2023
Reply
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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