Score
ESMOND
Australia|1-2 years| https://esmondmarkets.com/?lang=en
Website
Rating Index
Contact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Australia
1-2 years Suspicious Regulatory License Self-developed Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskFormal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
esmondmarkets.com
Server Location
United States
Website Domain Name
esmondmarkets.com
Server IP
172.67.133.206
Company Summary
| ESMOND Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Australia |
| Regulation | Regulated |
| Market Instruments | Forex, Metals, Energy, Indices, Virtual Currencies |
| Demo Account | Available |
| Leverage | Up to 1:100 |
| Spread | from 0.7 pips to 1.2 pips |
| Trading Platform | MT4 (MetaTrader 4) |
| Customer Support | Email:support@esmondmarkets.com |
ESMOND Information
Esmond was established in Australia in 2023 and offers a wide range of tradable assets, including Forex, metals, energy, indices and virtual currencies. Besides, it uses the user-friendly MT4 trading platform.
Pros and Cons
| Pros | Cons |
| Regulated by Australian Authority | Limited Payment Options |
| Diverse Tradable Assets | |
| User-Friendly MT4 Trading Platform | |
| Responsive Customer Support via Email |
Is ESMOND Legit?
ESMOND is regulated by the Commonwealth Regulatory Authority of Australia( license number: 001307462).
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
 | ASIC | ESMOND INTERNATIONAL MARKET PTY LTD | Appointed Representative(AR) | 001307462 |
What Can I Trade on ESMOND?
ESMOND offers traders the opportunity to have access to Foreign exchange, Precious metals, Energy, Stock Indices, and Virtual Currency.
| Tradable Instruments | Supported |
| Foreign exchange | ✔ |
| Precious metals | ✔ |
| Energy | ✔ |
| Stock Indices | ✔ |
| Virtual Currency | ✔ |
| Binary Options | ❌ |
| Mutual Funds | ❌ |
| Futures | ❌ |
Account Types
Esmondoffers a Standard Account.
Standard accounts engage with leverage up to 1:100 and a spread of between 0.7 and 1.2 points. A commission of $11 per 100,000 coins (1 lot) is charged. Traders can practice using a demo account.
| Aspect | Standard account |
| Leverage | up to 1:100 |
| Spread | Ranging from 0.7 pips to 1.2 pips |
| Commission | $11 per 100,000 currencies (1 lot) |
| Demo Account | Yes |
Leverage
Esmond offers leverage of up to 100 times for major currency pairs.
| Asset Class | Maximum Leverage |
| Major Currency Pairs | 100:1 |
| Precious Metals | 100:1 |
| Energy Futures | 100:1 |
| Stock Indices | 2:1 |
| Virtual Currency Futures | 20:1 |
ESMOND Fees
Esmond offers spreads for major currency pairs ranging from 0.7 pips in EUR/USD to 0.8 pips in USD/JPY, GBP/USD and AUD/USD.
The spread between the US dollar and the Canadian dollar was slightly wider at 1.1 basis pips.
Esmond charges a flat transaction fee of $11 per 100,000 coins (1 lot). This fee includes tax.
| Currency Pair | Bid (Selling Price) | Ask (Purchase Price) | Spread | Transaction Fee (Per 100,000 Currencies) |
| EUR/USD | 1.09158 | 1.09165 | 0.7 pips | $11 |
| USD/JPY | 144.439 | 144.449 | 0.8 pips | $11 |
| GBP/USD | 1.27035 | 1.27043 | 0.8 pips | $11 |
| AUD/USD | 0.66646 | 0.66654 | 0.8 pips | $11 |
| USDCAD | 1.32423 | 1.32434 | 1.1 pips | $11 |
Trading Platform
MT4 trading software is a popular one chosen by Esmond to serve clients .
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, MAC, IOS, Android | Investors of all experience levels |
Deposit and Withdrawal
Payment fees:
Domestic bank transfer: Esmond does not charge any domestic bank transfer fees.
Cryptocurrency remittances: Esmond charges a 3% fee on USDT deposits.
Payment processing time:
Domestic bank transfers: 15 minutes to 3 1/2 hours
Cryptocurrency Remittances (USDT) : immediately
Customer's designated financial institution: Withdrawals to customer's designated financial institution usually take 3 business days to process and are free of charge.
Cryptocurrency remittance (USDT) : within 15 minutes
The withdrawal method is the same as the deposit method.
Keywords
- 1-2 years
- Suspicious Regulatory License
- Self-developed
- Suspicious Scope of Business
- Australia Appointed Representative(AR) Revoked
- High potential risk
Review 14
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Review 14
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ほ
Japan
I've applied for withdrawal on Feb.5th, but nothing reported. The exchange is through. It is a scam.
Exposure
02-10
たか2750
Japan
Open an account in November 2023 and deposit money. The person in charge is Masaki Tsukamoto, ESMOND account opening manager. I applied for a withdrawal on January 19th and transferred 527,681 yen as operating expenses. I heard that I could withdraw money on February 1st and 2nd, so I went through the procedure, but I couldn't contact them. I tried to withdraw money from my ESMOND account, but it remained on hold. I want my money back as soon as possible.
Exposure
02-05
たか2750
Japan
I was told that I could withdraw money between February 1st and 2nd, but I haven't been able to proceed with the withdrawal process at all. The site is still on hold.
Exposure
02-05
かわかわ
Japan
I was invited to Otake Management School's LINE and traded ESMOND Securities. But even though I applied for a withdrawal, I still can't make a withdrawal. I can't get in touch with the LINE group, and I can't even get in touch with the person in charge of ESMOND Securities. I paid the operating expenses and taxes, but I was scammed again.
Exposure
02-01
かわかわ
Japan
I participated in Otake Management School and was able to trade, but in the end I was unable to withdraw money and I can't contact you at all.I paid the operating expenses and taxes, but I can't contact you at all.
Exposure
01-31
kei23
Japan
While I was studying in a group course called Kazuyoshi Otake, I was encouraged to open an account with ESMOND in order to manage my assets with mirror trading. I was able to withdraw money during the free trial version, so I joined at the next rank, and although I was making a profit, my withdrawal was refused because I was asked to pay the operating fee when withdrawing money. I knew from the beginning that I would be paying for the cost of running the course, but what if ESMOND refused? If I can't withdraw money, I can't pay it.
Exposure
01-29
kei23
Japan
I joined Kazuyoshi Otake's investment learning group on LINE and was encouraged to open an account with ESMOND.
Exposure
01-25
かわかわ
Japan
I was told that I could withdraw the money if I paid the operating fee, so I transferred the operating fee. But now I am told that I need to pay taxes first. I said I would pay the taxes myself, but there was no way. I can't stand it.
Exposure
01-24
kei23
Japan
When I first started, I was able to withdraw a small amount of $1,000, but after that, I was asked to transfer the operating fee separately from outside my account. This operating cost is not the operating cost of ESMOND, but the operating cost of the Kazuyoshi Otake Management School system.
Exposure
01-24
ゆ。
Japan
When I tried to withdraw money after paying the fees and taxes, my account was frozen. What's more, there seems to be something wrong with the money being sent to the specified account. I opened an ESMOND account at a place called Otake Juku.
Exposure
01-23
ほ
Japan
I was able to withdraw money the first time, but when I made the second withdrawal, I was told that I would not be able to withdraw the full amount unless I paid the tax.
Exposure
01-22
Wingwing Ng
Belarus
ESMOND's minimum deposit is decent, but it's not the lowest available. Their deposit and withdrawal process is efficient and easy to navigate, but it's not the most user-friendly interface.
Neutral
07-23
Aiko. Ishikawa
Turkey
Fast account opening process, thanks to the Witty guy, thanks so much!!!
Positive
06-27
HFGFX
South Africa
I'm impressed by the ease of account setup and the variety of financial products they offer.
Positive
06-21