Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 1000:1 |
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Minimum to Open Live: | $250 |
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Established: | 2014 |
Address: | Suite 305, Griffith Corporate Center, Beachmont , Kingstown, VC0100 P.O. Box 1510 , Suite 305, Griffith Corporate Center, Beachmont , , Saint Vincent And Grenadines |
Contact: | support@esplanade-ms.com, +357 25 654-100 |
Regional offices: | |
Regulators: | SVGFSA #22514 IBC 2015 |
Prohibited countries: |
Trading platforms: | MT4 |
Mobile Trading: | Yes |
ECN: | Yes |
Currencies: | (35+) |
Cryptocurrencies: | |
CFD: | (125+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
EAs/Robots: | Yes |
News Spike Trading: | Yes |
Scalping: | Yes |
Deposit Methods: | VISA, MasterCard, AdvCash, Beeline, FasaPay, iPay, Megafon, Mir, MTS, Neteller, PerfectMoney, Qiwi, RBK Money, Skrill, SorexPay, Svyaznoy, TELE2 |
Withdrawal Methods: | VISA, MasterCard, AdvCash, Beeline, FasaPay, iPay, Megafon, Mir, MTS, Neteller, PerfectMoney, Qiwi, RBK Money, Skrill, SorexPay |
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Traders Reviews
Service use: Live
Length of use: 0-3 Months
Let's start. I registered with Esplanade MC a couple months ago. I was attracted by an ECN account with small spreads and a sufficient number of trading instruments. I usually trade cryptocurrencies and European stocks. These are promising assets at the time of the pandemic.
I have talked to the support team. There are quite nice guys, professionals who want to help.
But then I was disappointed. I discovered that the company also offers Russian companies' stocks. I had been looking at them for a long time because of the recent events with oil. But they are not available in the ECN account. To trade them, you have to switch to the Standard account. It's not comfortable. So, I think about what to do in such a situation.
I did not have any problems with the rest. Because payment methods are convenient in Esplanade MS. And the platform is customary for me: this is MT4. I like the analytics here - it's normal. Basically, the broker deserves attention. But there is a lack of Russian stocks in my account type.
Service use: Live
Length of use: 0-3 Months
I created an ECN account because there are the minimum spreads here. What can I say? My impressions are neutral. The broker is ordinary, in my opinion. I explain why I think so. For example, the education course was launched just recently, but it is more for beginners. And I, as a more experienced trader, would like to raise my level somehow.
Canceled my profit 2years ago
Service use: Live
Length of use: 0-3 Months
I made a profit near 600 usd.
I made request of withdrawal, and after my account blocked
They said me skalping is not allowed
Company didn't give me the profit
what will you say now at the moment?
This broker was my first one
Service use: Live
Yes, it was hard for me to study trading because Esplanade has no deep education. However, this is the only problem. In all other respects, Esplanade is a very good broker.
First of all, there is a very good support team, my questions were always answered. They were not just answers, but answers that helped me build my trading further.
Secondly, there are tight spreads, so I don't have to worry about overpaying.
And the last one is the fact that this broker has many assets. At my beginning of trading, I thought it didn't matter, but now I understand that it does.
Normal forex broker
Length of use: 3-6 Months
But it turned out that finding something like this is quite difficult. And while I found Esplanade MS, I registered with several other companies, but I was very quickly disappointed in it. And here I liked it, because there is a classic trading terminal, which contains all the underlying assets and all the standard indicators, in addition, here you can customize the chart as you like. And this is really good news.
But most of all I liked the fact that here you can use different payment systems, which means that depending on the amount, I can choose any of them and save significantly on commissions when depositing or withdrawing funds.
Positive experience
Service use: Live
Length of use: 0-3 Months
But if you think about it, it isn't as important as the reliability and integrity of the broker. And with this my brokerage has no problems, which, as far as I'm concerned, covers those small disadvantages that I found during my trading time with it.
In general, I've been trading with this broker for only 3 months and if I had to describe my trading experience, I would describe it in one word - positive :)
Perfect for both experienced and inexperienced traders
Service use: Live
Length of use: 6-12 Months
When I started trading with Esplanade MS, I had minimal experience, which mean before that - I traded on a demo and finished training on Forex forum (I won't advertise it :) ).
And I was certainly very worried that I wouldn't be able to trade normally, and I'll stop trading at all.
But to my surprise, my trading start was much better than I had imagined. Of course, I had losses, but it's part of the training, there's nothing unusual about it. And I survived it so easily thanks to Esplanade MS.
Comfortable conditions for trading
Service use: Live
Length of use: 6-12 Months
Here you can practice not only in a real terminal, but also on a demo. Hedging is allowed here, while the hedged margin itself is 0%. In addition, I like the fact that withdrawal of funds here is carried out quickly enough, even on the eve of the holidays, you are always confident that the commissions will not be overstated, and the money will arrive at the card on time.
I can work here quietly
Service use: Live
Length of use: 0-3 Months
It is immediately warned that the market is difficult, but for you to cope with a wide variety of instruments, including here you can choose between fixed and variable spreads, with variable spreads may even be zero.
So try and choose the one that suits you best.
Frequently Asked Questions
Is Esplanade-MS a good broker?
Unbiased traders reviews on ForexPeaceArmy is the best way to answer if Esplanade-MS is a good broker. https://www.forexpeacearmy.com/forex-reviews/13584/esplanade-ms-forex-brokers.
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent Esplanade-MS community discussions: https://www.forexpeacearmy.com/community/tags/esplanade-ms.
Is Esplanade-MS regulated?
Esplanade-MS (Esplanade Market Solutions Ltd.) is regulated by Financial Service Authority of St. Vincent and the Grenadines.
However the Financial Service Authority of St. Vincent and the Grenadines doesn't regulate forex services.
What is the minimum deposit for Esplanade-MS?
The minimum deposit to open an account in Esplanade-MS varies depending on the account type.
- Fix account is $250
- Standard account is $250
- ECN account is $250
- VIP account is $20,000
Does Esplanade-MS accept US residents?
Esplanade-MS does not provide service to US residents meanwhile CFDs are not available to UK customers.
Service use: Live
Length of use: 3-6 Months
In simple words, I can say that this broker is very typical, but when saying “typical”, I mean it in a good sense of the word. I just want to say that it offers tried and tested classical solutions and not new and questionable things. Some folks complain about the lack of cryptocurrency in the list of supported financial instruments. As for me, I even find it an advantage and I can explain why. Cryptocurrency is an extremely volatile thing heavily dependent on news. It’s not regulated at all, so news can do anything with it. Once I tried to trade BTC, hoping to benefit from its reportedly huge investment potential. I was so exhausted following all of its ups and downs and lost a lot. Since that time, I prefer to trade classical assets such as currency pairs, metals, stocks, etc. In this regard, Esplanade absolutely suits me.