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EssenceFX
Vanuatu|5-10 years| https://essencefx.com/
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Licenses
Single Core
1G
40G
Contact number
+852 37072209
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Broker Information
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Essence Markets Limited
EssenceFX
Vanuatu
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- VanuatuVFSC (license number: 40309) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
- The Vanuatu VFSC regulation with license number: 40309 is an offshore regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | 100-10000 Max |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 Lots |
| Supported EA | |
| Depositing Method | (2+) |
| Withdrawal Method | (2+) |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | 10001-50000 Max |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 Lots |
| Supported EA | |
| Depositing Method | (2+) |
| Withdrawal Method | (2+) |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | 50001 & Above |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 Lots |
| Supported EA | |
| Depositing Method | (2+) |
| Withdrawal Method | (2+) |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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EssenceFX · Company Summary
Basic Information & Regulators of EssenceFX
EssenceFX was founded in 2016 and is a Vanuatu registered online Forex and CFD broker currently regulated by the Vanuatu Financial Services Commission (Regulation No. 40309).
Safety Analysis of EssenceFX
EssenceFX is currently regulated offshore only by the Vanuatu Financial Services Commission. From our sources, traders only need to pay 24,000 Euros to become a member, which means that the regulatory effectiveness of the Vanuatu VFSC is not strong, and the safety of investors' funds cannot be protected. Additionally, the minimum deposit required for EssenceFX Elite and Premium accounts (see account types below) is too high and risky, so investors should stay away from the EssenceFX broker.
Market Instruments of EssenceFX
EssenceFX offers investors a wide range of trading assets. In addition to the popular Forex markets, investors can also trade commodities, precious metals, and indices through the EssenceFX platform.
Accounts & Leverage of EssenceFX
EssenceFX offers three different types of accounts to meet the investment needs and trading experience of different traders: Standard Accounts (minimum deposit of $100), Elite Accounts (minimum deposit of $10,000), and Premium Accounts (minimum deposit of $50,000). The maximum leverage available for EssenceFX Standard accounts is 1:500, for Elite accounts up to 1:200, and for Premium accounts up to 1:100.
Spreads & Commissions
EssenceFX platform does not provide detailed information on product spreads and trading commissions.
Trading Platform Available of EssenceFX
EssenceFX provides traders with the world's leading and widely acclaimed MT4 trading platform, which is ideal for trading the Forex market, commodities, precious metals, deposits, and index assets. MT4 can also help traders to develop appropriate trading strategies and to get ahead in the financial markets.
Deposit and Withdrawal of EssenceFX
EssenceFX welcomes traders to deposit and withdraw funds to and from their investment accounts through various convenient methods such as credit/debit cards, NETELLER, China UnionPay, wire transfers, etc. EssenceFX requires a minimum deposit of $100 and offers traders a deposit bonus of a certain amount.
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