Australia|1-2 years| https://esmondmarkets.com/?lang=en
Website
Single Core
1G
40G
More
Esmond International Markets Pty Ltd
ESMOND
Australia
Pyramid scheme complaint
Expose
I've applied for withdrawal on Feb.5th, but nothing reported. The exchange is through. It is a scam.
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.
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.
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.
I joined Kazuyoshi Otake's investment learning group on LINE and was encouraged to open an account with ESMOND.
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.
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.
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.
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.
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.
| Aspect | Information |
| Company Name | Esmond |
| Registered Country/Area | Australia |
| Founded Year | 2023 |
| Regulation | Regulated by the Australian Commonwealth Regulatory Authority |
| Minimum Deposit | $1,000 |
| Maximum Leverage | Up to 1:100 |
| Spreads | 0.6 pips to 1.2 pips (varying by currency pair) |
| Trading Platforms | MT4 (MetaTrader 4) |
| Tradable Assets | Forex, Metals, Energy, Indices, Virtual Currencies |
| Account Types | Standard |
| Customer Support | Email: support@esmondmarkets.com |
| Deposit & Withdrawal | Domestic Bank Transfer, Cryptocurrency Remittance |
| Educational Resources | Limited (Blog and News) |
Esmond, founded in Australia in 2023, is regulated by the Australian Commonwealth Regulatory Authority, ensuring compliance with financial regulations. Operating under License No. 001305942, Esmond INTERNATIONAL MARKETS PTY LTD prioritizes ethical and transparent financial practices, enhancing client trust. Regulatory benefits include heightened market credibility and a commitment to industry standards. Esmond offers diverse tradable assets, including forex, metals, energy, indices, and virtual currencies. With competitive spreads and commissions, a user-friendly MT4 trading platform, and responsive customer support via email, Esmond provides a comprehensive trading experience. However, limited educational resources and payment options, restricted to domestic bank transfers and cryptocurrency remittance, may pose challenges for some users.
ESMOND is regulated by the Australian Commonwealth Regulatory Authority, ensuring compliance with financial regulations. As an Appointed Representative under License No. 001305942, ESMOND INTERNATIONAL MARKETS PTY LTD operates under regulatory oversight effective from September 25, 2023.
This regulation establishes a framework for ethical and transparent financial practices, safeguarding the interests of clients. Regulatory benefits include increased market credibility, enhanced customer trust, and a commitment to maintaining industry standards. ESMOND's adherence to regulatory standards provides clients with confidence in the integrity and security of their financial transactions.
| Pros | Cons |
| Regulated by Australian Authorities | Limited Educational Resources |
| Diverse Tradable Assets | Limited Payment Options |
| Competitive Spreads and Commissions | |
| User-Friendly MT4 Trading Platform | |
| Responsive Customer Support via Email |
Pros:
Regulated by Australian Authorities:
Esmond is regulated by the Australian Commonwealth Regulatory Authority, ensuring compliance with financial regulations. This regulatory oversight provides clients with confidence in the integrity and security of their financial transactions.
2. Diverse Tradable Assets:
Esmond offers a diverse range of tradable assets, including forex, metals, energy, indices, and virtual currencies.
3. Competitive Spreads and Commissions:
Esmond provides transparent pricing with tight spreads for major currency pairs and competitive commissions.
4. User-Friendly MT4 Trading Platform:
Esmond utilizes the popular MT4 trading platform, known for its user-friendly interface and powerful features.
5. Responsive Customer Support via Email:
Esmond offers responsive customer support through its dedicated email channel, support@esmondmarkets.com.
Cons:
Limited Educational Resources:
Esmond provides limited educational resources, primarily consisting of a blog and news section. While these resources offer market insights, the absence of a comprehensive educational platform may pose limitations for traders seeking structured learning materials.
2. Limited Payment Options:
Esmond's payment options are limited to domestic bank transfers and cryptocurrency remittance. While these methods may be suitable for some traders, the lack of diverse payment options may impact flexibility for users with different preferences or locations.
Esmond provides a diverse range of tradable assets, catering to the varied preferences and interests of traders.
Foreign Exchange
Esmond offers trading on a wide range of major, minor, and exotic currency pairs, including EUR/USD, USD/JPY, GBP/USD, AUD/USD, and many more. The spreads for major currency pairs are tight, ranging from 0.6 pips for EUR/USD to 0.9 pips for USDJPY, GBPUSD, and AUDUSD.
Precious Metals
Esmond also offers trading on precious metals, including gold (XAUUSD) and silver (XAGUSD). The spreads for precious metals are also competitive, with gold spreads typically ranging from 2.7 pips and silver spreads typically ranging from 2.1 pips.
Energy
Esmond provides access to energy futures contracts, including crude oil (XTIUSD) and natural gas (XNGUSD). The spreads for energy futures are also competitive, with crude oil spreads typically ranging from 1 pip and natural gas spreads typically ranging from 8.2 pips.
Stock Indices
Esmond offers trading on major stock indices, including the US100 (S&P 500) and the JP225 (Nikkei 225). The spreads for stock indices are also competitive, with the US100 spread typically ranging from 18.2 pips and the JP225 spread typically ranging from 40 pips.
Virtual Currency
Esmond also provides access to virtual currency futures contracts, including Bitcoin (BTCUSD) and Ethereum (ETHUSD). The spreads for virtual currency futures are also competitive, with Bitcoin spreads typically ranging from 28.7 pips and Ethereum spreads typically ranging from 6.2 pips.
Esmond offers a Standard account with leverage up to 1:100, providing traders with flexibility. The spread for this account ranges from 0.7 to 1.2 pips, offering competitive pricing. A commission of $11 per 100,000 currencies (1 lot) is applied. Traders can utilize a Demo Account for practice. The trading tool provided is MT4 (MetaTrader 4), a widely used and versatile platform. This account structure aims to cater to various trading preferences while maintaining transparency and competitive features.
| Aspect | Standard account |
| Leverage | up to 1:100 |
| Spread | Ranging from 0.7 pips to 1.2 pips |
| Commission | $11 per 100,000 currencies (1 lot) |
| Demo Account | Yes |
| Trading Tool | MT4 (MetaTrader 4) |
| Customer Support | Email: support@esmondmarkets.com |
To open an account with Esmond International Markets Ltd, follow these three simple steps:
Enter Email:
Begin the process by entering your email address on the designated platform.
Receive login information promptly via email.
2. Entering Basic Information:
Complete the required fields with basic information such as your name and address.
Ensure accuracy in providing essential details for your account.
3. Submit Confirmation Documents:
Proceed by submitting necessary confirmation documents.
This typically involves identity verification and address verification documents.
Ensure all documents meet the specified requirements for a smooth account approval process.
By following these steps, you can efficiently access all the services offered by Esmond International Markets Ltd. For additional information or assistance, refer to the provided resources or contact their customer support.
Esmond offers leverage of up to 100 times for major currency pairs, precious metals, and energy futures. This means that traders can control a position worth $10,000 with just a $100 deposit. Leverage can magnify both profits and losses, so it is important to use it responsibly and to understand the risks involved.
Here is a table summarizing Esmond's leverage ratios for different asset classes:
| Asset Class | Maximum Leverage |
| Major Currency Pairs | 100:1 |
| Precious Metals | 100:1 |
| Energy Futures | 100:1 |
| Stock Indices | 2:01 |
| Virtual Currency Futures | 20:01 |
Esmond provides transparent and low execution fees. The spreads for major currency pairs are tight, ranging from 0.7 pips for EUR/USD to 0.8 pips for USDJPY, GBPUSD, and AUDUSD. The spread for USDCAD is slightly wider at 1.1 pips.
Esmond charges a flat transaction fee of $11 per 100,000 currencies (1 lot). This fee is inclusive of taxes.
Overall, Esmond's spreads and commissions are competitive with other major forex brokers. The firm's transparent pricing structure makes it easy for traders to understand the costs of trading.
Here is a table summarizing Esmond's spreads and commissions:
| Currency Pair | Bid (Selling Price) | Ask (Purchase Price) | Spread | Transaction Fee (Per 100,000 Currencies) |
| EUR/USD | 1.09158 | 1.09165 | 0.7 pips | $11 |
| USD/JPY | 144.439 | 144.449 | 0.8 pips | $11 |
| GBP/USD | 1.27035 | 1.27043 | 0.8 pips | $11 |
| AUD/USD | 0.66646 | 0.66654 | 0.8 pips | $11 |
| USDCAD | 1.32423 | 1.32434 | 1.1 pips | $11 |
Esmond utilizing the MT4 trading software, ensures a powerful trading experience. Traders benefit from real-time market data spanning diverse asset classes, including forex, commodities, and indices. The platform's advanced charting tools empower users to analyze market trends comprehensively. With support for various order types, including market, limit, and stop-loss orders, the platform caters to the diverse needs of traders.
Key Features:
Real-time Market Data: Esmond's platform delivers timely and accurate market data across multiple asset classes.
Advanced Charting Tools: Traders can employ sophisticated charting tools to analyze market trends effectively.
Order Entry and Execution: The platform supports various order types, including market, limit, and stop-loss orders for precise trade execution.
Risk Management Tools: Esmond offers robust risk management tools, such as stop-loss orders, take-profit orders, and margin alerts, empowering traders to manage their risk exposure effectively.
In summary, Esmond's trading platform, accessible across PC, web, and mobile devices, provides a versatile and user-friendly environment. Whether on a desktop, through a web browser, or on a mobile device, traders can harness powerful features to make informed decisions and execute trades with confidence.
Esmond offers a variety of payment methods to suit the needs of its clients:
Domestic Bank Transfer: Esmond allows you to make a transfer payment from your domestic bank account. This method is typically free of charge and takes 15 minutes to 3 and a half hours to process.
Cryptocurrency Remittance: Esmond accepts USDT deposits through the TRC20 network. This method offers immediate reflection of funds and incurs a 3% fee.
Payment Fees
Domestic Bank Transfer: Esmond does not charge any fees for domestic bank transfers.
Cryptocurrency Remittance: Esmond charges a 3% fee for USDT deposits.
Payment Processing Time
Domestic Bank Transfer: Domestic bank transfers typically take 15 minutes to 3 and a half hours to process. However, if Esmond receives a large number of payments, it may take longer. Deposits confirmed by 16:59 will be reflected in your balance on the same day, but deposits confirmed after 17:00 will be reflected on the next business day.
Cryptocurrency Remittance (USDT): USDT deposits are reflected immediately. Orders received after 5pm will be processed on the next business day.
Due to AML (Anti-Money Laundering) policy, the withdrawal method must be the same as the deposit method.
Financial Institution Designated by the Customer: Withdrawals to the financial institution designated by the customer typically take 3 business days to process and are free of charge.
Cryptocurrency Remittance (USDT): USDT withdrawals are typically reflected within 15 minutes of the request. Orders received after 5pm will be processed on the next business day.
Esmond International Markets Ltd ensures responsive and comprehensive customer support through its dedicated email channel, support@esmondmarkets.com. Traders can rely on timely assistance for inquiries, technical support, and general concerns. The support team addresses a wide range of topics, fostering a supportive environment for users. Whether it's account-related queries or assistance with trading processes, Esmond emphasizes accessibility and prompt resolution through its email support. This approach aims to enhance the overall trading experience, providing users with the necessary resources to navigate the platform confidently.
Esmond offers limited educational resources, primarily consisting of a blog and news section. While these resources can provide market insights and updates, the absence of a comprehensive educational platform may pose limitations for traders seeking structured learning materials. The emphasis on blog and news content suggests a focus on market analysis and updates rather than in-depth educational materials. Traders looking for a more extensive educational experience may need to supplement their learning through external sources.
Esmond operates under the regulatory oversight of the Australian Commonwealth Regulatory Authority. Regulated and committed to transparent financial practices, it instills confidence with clients. Offering a diverse range of tradable assets, competitive spreads, and a user-friendly MT4 platform, Esmond caters to various trader preferences. Responsive customer support via email adds to its client-centric approach. However, limited educational resources and payment options pose challenges. In summary, Esmond provides a regulated and diverse trading environment but should expand educational offerings and payment methods for enhanced user experience.
Q: What account types does Esmond offer？
A: Esmond offers a Standard account with leverage up to 1:100.
Q: How can I contact Esmond's customer support？
A: You can contact Esmond's customer support via email at support@esmondmarkets.com.
Q: What trading platform does Esmond use？
A: Esmond utilizes the MT4 trading platform, known for its user-friendly interface.
Q: Are there educational resources available on Esmond？
A: Esmond provides limited educational resources, primarily through a blog and news section.
Q: What payment options does Esmond support？
A: Esmond supports domestic bank transfers and cryptocurrency remittance for deposits and withdrawals.
Sort by content
User comment
1
CommentsWrite a review
2024-03-17 22:52
