Esplanade Review

Overview

The startup Forex broker is one of the major companies today, providing a wide range of services in online trading.

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Details

BrokerEsplanade
Website URLesplanade-ms.com
Founded2014
HeadquartersGovant Building, 1st Floor, PO BOX 1276, Port Vila, Vanuatu, Republic of Vanuatu
Support Number+35-725-654-100
Support TypesChat, phone, email
Minimum 1st Deposit$100
Minimum Trade Amount0,1$
Leverage1:1000
Spreadfrom 0.0 points
Free Demo Account Open Demo
Regulated Yes
RegulationVFSC (№14708)
Account TypesDemo, FIX, Standard, ECN, VIP
Deposit MethodsBank transfers, credit and debit cards VISA, MasterCard, Pacific Private Bank, WebMoney, Yandex, QIWI
Withdrawal MethodsBank transfers, credit and debit cards VISA, MasterCard, Pacific Private Bank, WebMoney, Yandex, QIWI
Number of Assets100+
Types of AssetsCurrency pairs, SPOT metals, stocks and CFDs, raw materials
Account CurrencyUSD, EUR
US Traders Allowed No
Mobile Trading Yes
Overall Score3/10

Full Review


Esplanade (Esplanade Market Solutions) is a startup Forex broker, which has been operating since 2014. Now it’s one of the major companies already, which is providing a wide range of services in online trading. The broker managed to present itself well, proving its safety and reliability, financial stability and high growth dynamics of economic performance.

And yet, is Esplanade a scam or a respectable company, which you certainly shall be looking at? We answer this question in the detailed broker review.

Esplanade Review

 

Terms of trade with Esplanade

The main priority of Esplanade is the repletion of wants of any categories of traders, building of strong trusting relationships with each of them. The company strives to be the best for any customer, for that it doesn’t rest on its laurels, but keeps monitoring the online trading trends. The users, both newcomers and professional traders, face the following advantages: professional cohesive team, which know its business and is ready to care of any customer, unified with the aim of providing him with the best conditions, enhancement of trading process and continuous expansion of the roster of useful tools.

The safety, lucrative trade (blameless trade settlement, no requotes, low entry threshold, numerous trading tools, bonuses etc.), safe software – all this will make your trading with the broker more comfortable and efficient. The company provides just time-honored solutions. So, traders work in the popular terminal Metatrader 4, which is distinguished by functionality, further capabilities of technical analysis and strategies test. Trading here will certainly be a pleasure both for novices of options and professional traders.

The user-friendly company’s application for iPhone, iPad and Android will make the access to MT4 comfortable from a mobile device, trading with it is possible any time anywhere in the world. The application provides the easy access to the history data and various charts for the complete market analysis. There is a lot of relevant information on the official website of Esplanade: about the company and its advantages, trading terms and accounts etc. For newcomers will be particularly useful the section with educational training materials, allowing to prepare to first successful steps in trading.

All users will be concerned about the latest analytics, which will help to make the right decision and get snug income. The broker lets you trade currency pairs, metals, СFDs for shares and indices, ECN accounts with favorable terms and low spreads in the market, one of the first brokers offered trading with RAMM accounts.

 

Deposit and withdrawal

Esplanade offers a variety of ways to deposit and withdraw funds. To replenish the trading account, you need to sign up on the company’s website, deposit funds, using the convenient way (minimal deposit is 100$) of the list provided by broker:

  • Bank transfers (execution time – 3-5 working days),
  • Credit and debit cards VISA, MasterCard (execution time – 3 working days),
  • Payment services WebMoney, Yandex, QIWI (execution time – 1-2 working days).

The withdrawal is performed same way, like deposit, execution time is also the same. The account may be opened in US dollars and euro only.

 

Complaints against Esplanade

Esplanade – one of the startup Forex brokers, yet little-known, and has just a few references in Internet, even though the company is widely represented on various forums, maintains the official web-pages, responses some users requests. On the one hand, traders talk about the convenient cooperation with the company, pointing the broker’s reliability and stability along with the favorable trading terms, quick performance, real assistance of technical support, always resolving emerging issues, and this is also well operating ECN accounts, quick withdrawal, spreads up 0 points, no problems with quotations, requotes, scalping capacities.

Among negative things there are just rare problems with withdrawal and slippages. There is a company agent working on forums, quickly resolving customers’ questions emerged. Again, it’s fair to say that the broker is little know yet, so there is just a few references, it’s yet to find its audience, which means it’s early to derive a clear conclusion. And yet a successful start has been made, that’s also important. To avoid problems dealing with the broker, ask your account manager about the complete terms of account verification, trading and withdrawal rules.

If we find complaints about Esplanade, we will post it on social media. Follow us to be well informed:

 

Is Esplanade a scam?

Esplanade is one of the very startup brokers in Forex market, the company managed to show its potential already, advantageously differing from its more popular competitors (truth about Forex). The broker showed that it’s certainly not a scam artist and a bucket shop, quite opposite, it’s a team of professionals with their main concern to provide the quality service and build the strong trusting relationship with the user. There are not so much references about the company in Internet, at that their majority is positive (the most frequently pointed as advantages are favorable trading terms, quick withdrawal, quick support service reaction etc.), this describes the company in a nice way.

Here please note that the broker is quite active in Internet, publishes its official pages on forums, the company’s manager works with users’ references on a regular basis, which means that the company appreciates its customer’s opinion and reacts on emerging questions quickly.

As a certain factor of Esplanade’s positive image we consider its specific concern about reliable and proven service. The broker offers for trading the versatile terminal MT4, along with the own-produced mobile application, making trading possible any time and everywhere. The in-house developments are in many ways Esplanade’s commitment demonstration, it’s willingness to make huge investments in its service development, which is generally out of reach for fraudulent websites coming up in the market for quick profit and control.

Among advantages pointed by users are favorable competitive trading terms (low spreads, quick transactions execution, low entry threshold, possibilities for automated trading advisers ETC.), all this speaks for the well considered cooperation policy with the user. The possession of a license by Esplanade is also an essential step towards the effective collaboration with the trader. Shall Esplanade be considered a scam lottery? At this stage of the company’s growth it seems early to draw such conclusions, but you can protect yourself properly dealing with your account manager.

 

Broker’s regulator

Esplanade (Esplanade Market Solutions) is registered in Saint Vincent and the Grenadines, has the required regulation of financial regulatory authorities for running the business in the country and abroad. The company is also regulated by Securities and Exchange commission of the Republic Vanuatu VFSC (no.14708).

 

Summary

Trading Forex broker Esplanade is one of the startup companies in online trading market. Yet today it successfully operates all around the world, providing market players with favorable trading terms, quality and proven service, reliability and stability of a promising company with all chances to gt high ratings among its professional competitors. The company has users’ feedback already, most of the references are positive (quick withdrawal, rapid transactions execution, technical support etc.), which in many ways highlights its properly chosen development strategy. Also the active broker activities in Internet stand to mention positively, its agent works on forums.

Safe software, professional team, provision of analytics and training materials also describe the company in a nice way. Please note also, that for the time being Esplanade didn’t yet manage to shine, so it’s early to appraise it as a reliable or a fraudulent company. However, the traders’ references we expect relating to this review, may not only change the broker’s ratings, but caution market players against possible troubles, too.

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