eSMP-Overview of Minimum Deposit, Leverage & Spreads

WikiFX | 2021-12-05 19:28

Abstract：eSMP is a forex broker registered in Belize, with its founding time, actual registered address and the company behind it unknown to all. eSMP is not subject to any regulation. Please be aware of the risk.

General Information & Regulation

eSMP is a forex broker registered in Belize, with its founding time, actual registered address and the company behind it unknown to all. eSMP is not subject to any regulation. Please be aware of the risk.

Market Instruments

eSMP offers traders currency pairs, commodities and metals. Overall, trading assets available on the eSMP platforms seem average. Some popular assets including stocks, Cryptos as well as ETFs are not available.

Minimum Deposit

eSMP does not provide any information about its account type. It appears that the same option is available to all traders, from a minimum deposit of $250.

Leverage

When it comes to trading leverage, the maximum trading leverage offered by eSMP is up to 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

The commission-free trading environment features unacceptably high fixed spreads of up to 5.0 pips on the EUR/USD. It equals a cost of $50 per 1.0 standard lot, making eSMP one of the most expensive brokers in operation.

Inactivity Fees

eSMP levies an excessive $50 monthly inactivity fee after three months and a $100 monthly dormant account maintenance fee after twelve months.

Trading Platform Available

What eSMP offers is not the industry-recognized MT4 or MT5 trading platforms, maybe some basic web-based platform we dont know, and eSMP does not make this part clear.

Deposit & Withdrawal

The logos of a series of online payment processors exist on the website, but no further information is available. In most cases, most brokers would support traders to fund their accounts through Credit/Debit Card, Wire Transfer, as well as some online payment processors including Skrill and Neteller.

Leverage Broker Commission Currency Pair Dealer

Related broker

Website：https://e-smp.com/

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.52

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