EssenceFX

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.