ESPLANADE

ESPLANADE Information

ESPLANADE is a trading broker based in Saint Vincent and the Grenadines, established 5 to 10 years ago. It operates without regulatory oversight.

ESPLANADE claims to have advanced trading tools, flawless settlement processes, and competitive transaction costs. Traders can benefit from various deposit and withdrawal methods such as MИP, VISA, Bitcoin, and USDT TRC20, with no fees and flexible execution times. ESPLANADE provides customer support via phone, email, and an online support form.

Regulatory Status

ESPLANADE operates without valid regulatory oversight, increasing the risk for traders due to the lack of protection and accountability.

Pros and Cons

Market Instruments

ESPLANAD offers a variety of trading instruments to meet the diverse needs of traders.

1. Metals:

1. ESPLANAD provides trading in precious metals, including gold and silver. These metals are often considered safe-haven assets, offering opportunities for portfolio diversification and hedging against economic uncertainties. Trading metals is particularly appealing during times of market volatility and economic instability, as these assets tend to maintain or increase their value.

1. Index CFDs:

1. ESPLANAD offers index CFDs, allowing traders to speculate on the price movements of major stock indices without owning the underlying assets. Traders can gain exposure to indices from major global markets through a single instrument, providing broad access to various economic sectors and geographic regions. This enables traders to diversify their investments across global markets.

1. Oil Trading:

1. ESPLANAD's oil trading allows traders to participate in the market movements of this crucial commodity. The oil market is known for its volatility and sensitivity to geopolitical events, supply and demand dynamics, and economic indicators, offering traders significant profit opportunities. Trading oil can help traders capitalize on the high volatility and potential large price swings in the market.

1. Share CFDs:

1. For those interested in individual company performance, ESPLANAD offers share CFDs. Traders can trade the shares of various companies without owning the actual stocks. This includes shares from different industries and sectors, giving traders the flexibility to focus on specific companies or diversify across multiple companies.

1. Russian Shares:

1. ESPLANAD offers trading in Russian shares, allowing traders to invest in and speculate on the performance of companies based in Russia. This is particularly appealing to those looking to gain exposure to the Russian market and its unique economic conditions. Trading Russian shares provides traders with the opportunity to leverage the potential growth and volatility of this market.

Account Types

ESPLANADE offers four account types—FIX, Standard, ECN, and VIP—each tailored to different trading needs. The FIX account features fixed spreads, while the Standard account has floating spreads and no transaction fees. The ECN account is designed for experienced traders with low spreads and transaction fees, and the VIP account provides premium services and lower fees specifically tailored to high-net-worth individuals. All accounts support MetaTrader 4, provide various financial instruments, and offer phone dealing, swap-free options, and maximum leverage up to 1000:1.

Leverage

Esplanade offers varying maximum credit leverage across its account types to cater to different trading needs. The FIX and Standard Accounts provide a maximum credit leverage of 1000:1, suitable for traders looking for higher leverage to amplify their positions. The ECN Account offers a maximum leverage of 500:1, balancing competitive leverage with trading conditions optimized for electronic communication networks. For VIP Account holders, Esplanade offers a maximum leverage of 100:1, tailored for experienced traders seeking tighter risk management and higher trading standards.

Spreads & Commissions

Esplanade offers a variety of spread options across its account types to accommodate different trading styles and preferences. The FIX Account features fixed spreads starting from 3 pips, while the Standard Account offers floating spreads starting from 1.2 pips. For those seeking tighter spreads, the ECN Account provides competitive options starting from 0 pips. The VIP Account, designed for high-volume and experienced traders, also offers floating spreads starting from 0 pips, ensuring flexibility and competitive pricing across its range of services.

Trading Platform

ESPLANAD offers the MetaTrader 4 (MT4) trading platform to traders. This platform provides a powerful set of tools and features that enable traders to trade various assets such as forex, commodities, and stock indices.

Fees

Esplanade's trading fees are structured to accommodate different account types and trading preferences. The FIX and Standard Accounts do not incur any trading fees per lot, making them suitable for traders who prioritize cost efficiency. On the other hand, the ECN Account imposes a fee of $4, €4, or ₽250 per lot traded, reflecting the enhanced trading environment with direct market access. For VIP Account holders, trading fees amount to $2.5, €2.5, or ₽150 per lot, offering competitive pricing alongside tailored services for high-volume traders.

Deposit & Withdrawal

ESPLANAD offers various deposit and withdrawal methods, covering a wide range of payment systems to meet the needs of different traders. For deposits, ESPLANAD supports payment methods including MИP, VISA, Bitcoin, and USDT TRC20, with execution times ranging from 1 to 24 hours and no fees. The minimum amount per transaction is 50 USD or 300 RUB, and the maximum amount is 8000 USD or 500,000 RUB.

For withdrawals, ESPLANAD also supports MИP, VISA, Bitcoin, and USDT TRC20, with execution times of 1 to 5 working days and no fees. The minimum amount per transaction is 25 USD, while the maximum amount can reach 500,000 USD or 600 USD, depending on the payment system used.

Customer Support

ESPLANADE offers customer support via phone,email and physical address during specified hours, and users can submit inquiries through an online form.

Contact Information:

• Phone: +357 25 654-100 (Available 9:00-18:00)
• Email: support@esplanade-ms.space

Address: Suite 305, Griffith Corporate Center, Beachmont, Kingstown, St. Vincent and the Grenadines VC0100 P.O. Box 1510

Support Form: It needs First Name, Last Name, E-mail, Message Subject, Your Message

Conclusion

ESPLANADE offers a robust trading environment with advanced technologies and comprehensive tools, making it attractive for traders seeking efficient and innovative solutions. The platform supports a wide range of financial instruments, including metals, indices, oil, and share CFDs, allowing for diversified investment strategies.

However, a notable drawback is the lack of regulatory oversight, which may pose risks related to consumer protection and transparency.

FAQs

Is ESPLANADE regulated？

No, ESPLANADE operates without regulatory oversight.

What trading platforms does ESPLANADE offer？

ESPLANADE offers the MetaTrader 4 (MT4) platform.

What are the fees for trading on ESPLANADE？

FIX and Standard Accounts have no trading fees per lot, while ECN and VIP Accounts incur fees per lot traded.

How can I open an account with ESPLANADE？

Visit their website, click “Open Live Account”, fill in details, choose an account type, and verify your identity.

What payment methods does ESPLANADE support for deposits and withdrawals？

ESPLANADE supports methods like MИP, VISA, Bitcoin, and USDT TRC20, with no transaction fees.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.