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ESMOND -

Score

1.31 /10
Danger

ESMOND

Australia

1-2 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

Australia Appointed Representative(AR) Revoked

High potential risk

https://esmondmarkets.com/

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Comparison

Quantity 11

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.08

Risk Management Index0.00

Software Index4.37

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Esmond International Markets Pty Ltd

Company Abbreviation

ESMOND

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

11 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw money.

I've applied for withdrawal on Feb.5th, but nothing reported. The exchange is through. It is a scam.

2024-02-10 16:13
Unable to Withdraw

Even if you withdraw money

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.

2024-01-22 15:27
Unable to Withdraw

My account was suddenly frozen.

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.

2024-01-23 19:39
Unable to Withdraw

Money is not withdrawn

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.

2024-02-05 22:23
Resolved

You cannot withdraw money unless you pay the operating fee.

I joined Kazuyoshi Otake's investment learning group on LINE and was encouraged to open an account with ESMOND.

2024-01-25 09:33
Resolved

It's a scam.

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.

2024-01-31 22:42
Unable to Withdraw

Can't withdraw money

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.

2024-01-24 07:50
Resolved

Can't withdraw money

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.

2024-01-29 07:01
Unable to Withdraw

Can't withdraw money

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.

2024-02-05 22:03
Resolved

Withdrawal is rejected.

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.

2024-01-24 14:28
Unable to Withdraw

Scam. Can't withdraw money.

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.

2024-02-01 13:56
    ESMOND · Company summary
    ESMOND Review Summary
    Founded2023
    Registered Country/RegionAustralia
    RegulationRegulated
    Market InstrumentsForex, Metals, Energy, Indices, Virtual Currencies
    Demo AccountAvailable
    LeverageUp to 1:100
    Spreadfrom 0.7 pips to 1.2 pips
    Trading PlatformMT4 (MetaTrader 4)
    Customer SupportEmail: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.

    ESMOND Information

    Pros and Cons

    ProsCons
    Regulated by Australian AuthorityLimited 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 CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
    Is ESMOND Legit?
    		ASICESMOND INTERNATIONAL MARKET PTY LTDAppointed Representative(AR)001307462
    Is ESMOND Legit?

    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.

    What Can I Trade on ESMOND?
    Tradable InstrumentsSupported
    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.

    AspectStandard account
    Leverageup to 1:100
    SpreadRanging from 0.7 pips to 1.2 pips
    Commission$11 per 100,000 currencies (1 lot)
    Demo AccountYes

    Leverage

    Esmond offers leverage of up to 100 times for major currency pairs.

    Asset ClassMaximum Leverage
    Major Currency Pairs100:1
    Precious Metals100:1
    Energy Futures100:1
    Stock Indices2:1
    Virtual Currency Futures20:1

    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 PairBid (Selling Price)Ask (Purchase Price)SpreadTransaction Fee (Per 100,000 Currencies)
    EUR/USD1.091581.091650.7 pips$11
    USD/JPY144.439144.4490.8 pips$11
    GBP/USD1.270351.270430.8 pips$11
    AUD/USD0.666460.666540.8 pips$11
    USDCAD1.324231.324341.1 pips$11
    ESMOND Fees

    Trading Platform

    MT4 trading software is a popular one chosen by Esmond to serve clients .

    Trading PlatformSupportedAvailable DevicesSuitable for
    MT4✔Windows, MAC, IOS, AndroidInvestors 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.

    Deposit and Withdrawal

    User Reviews

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    User comment

    4

    Comments

    Write a review

    Wingwing Ng
    more than one year
    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.
    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.
    Translate to English
    2024-07-23 18:34
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    Aiko. Ishikawa
    more than one year
    Fast account opening process, thanks to the Witty guy, thanks so much!!!
    Fast account opening process, thanks to the Witty guy, thanks so much!!!
    Translate to English
    2024-06-27 18:05
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