ANSWER EFSPFX is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.EFSPFX claims to be operated by Esteema Financial Solutions Pty Limited, a company holding Australian Company Number (ACN) 161427103, registered in Australia. While it is true that corresponding records exist in the registry of ustralian Securities and Investment Commission (ASIC), our search for its financial licenses in the Australian watchdog didn't yield any results. ACN serves as a unique number that identifies a company, and doesn't mean being authorized to legally offer financial services or products.Regarding your question, we strongly suggest you avoid dealing with EFSPFX, which is an unlicensed trading platform, carrying significant risks such as financial losses and identity theft. There are no rules in place to safeguard investors' interests once your personal information and money held by the broker. Therefore, investors are encouraged to stay away from unlicensed brokers like EFSPFX and instead choose a fully regulated one.
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