ES-Group Forex Broker

ES Group Forex Broker - Complete Information Guide

1. Broker Overview

ES Group is a financial services provider that has been operational since 2017. The company is headquartered in Cyprus, and it primarily operates as a private entity. ES Group primarily serves retail clients interested in trading across various financial markets, including Forex, CFDs, and commodities. The broker claims to have built a user base of over 300,000 clients, focusing on providing a platform that is accessible from any device, anywhere.

The company has undergone various developments since its inception, including the introduction of multiple trading packages and services aimed at enhancing client experience. While ES Group presents itself as a reliable financial partner, several reviews indicate that its legitimacy has been questioned. The broker's business model includes offering trading services in Forex and CFDs, with an emphasis on leveraging technological solutions to simplify trading processes.

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2. Regulatory and Compliance Information

ES Group claims to operate under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), although there is no valid regulatory information available to substantiate this claim. The broker does not appear to hold any legitimate licenses, which poses significant risks to potential investors.

• Regulatory Number: Not provided.
• License Validity and Scope: There are no confirmed licenses, and the broker operates under suspicious regulatory claims.
• Legal Entities by Region: The company claims to be registered in Cyprus but operates primarily from Ukraine.
• Client Fund Segregation Policy: Information regarding the segregation of client funds is not disclosed.
• Investor Compensation Fund Participation: No information available.
• KYC and AML Compliance Measures: Specific details on Know Your Customer (KYC) and Anti-Money Laundering (AML) measures are not provided.

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3. Trading Products and Services

ES Group offers a diverse range of trading products that cater to various market needs. The broker provides access to numerous currency pairs, with a focus on major and minor currencies.

• Number of Forex Currency Pairs: The exact number is not specified, but it includes major currency pairs.
• CFD Product Categories: The broker offers CFDs on indices, commodities, stocks, and cryptocurrencies, with over 175 trading instruments available.
• Unique or Special Products: There are no unique trading products mentioned in the available information.
• Product Update Frequency: Specific details regarding how frequently new products are added are not provided.
• Retail Trading Services: ES Group provides retail trading services with various account types.
• Institutional Client Services: No specific information is available regarding services tailored for institutional clients.
• White Label Solutions: No mention of white label solutions is available.
• Asset Management Services: Information on asset management services is not provided.

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4. Trading Platforms and Technology

ES Group supports the widely used MetaTrader 4 trading platform, which is known for its user-friendly interface and extensive analytical tools.

• MetaTrader 4/5 Support: The broker supports MetaTrader 4.
• Proprietary Platform Details: There are no indications that ES Group has developed its proprietary trading platform.
• Web-based Trading Platform: Information regarding a web-based trading platform is not specified.
• Mobile Applications: The availability of mobile applications for iOS and Android is not mentioned.
• Execution Modes: The broker claims to offer a maximum leverage of 1:500, but specific execution modes (ECN, STP, Market Making) are not disclosed.
• Server Location and Technical Infrastructure: The server location is reportedly in Romania, but further technical infrastructure details are not provided.
• API Access and Automated Trading Support: There is no information about API access or support for automated trading.

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5. Account Types and Trading Conditions

ES Group offers several account types designed to accommodate different trading needs.

• Standard Account Conditions:

• Minimum Deposit: $150 for the start account.

• Spreads: Not specified.

• Commission: Not detailed.

• Advanced Account Types:

• Progressive Account: Requires a minimum deposit of $1,000 and offers leverage of 1:500.

• Premium Account: Requires a minimum deposit of $10,000 with similar leverage options.

• Special Accounts: There is no mention of Islamic or corporate accounts.

• Demo Account Policy: Information regarding a demo account is not provided.

• Leverage Range: The maximum leverage offered is 1:500.

• Minimum Trade Size: Specific minimum trade sizes are not disclosed.

• Overnight Fees Policy: Information on overnight fees is not available.

6. Fund Management

ES Group supports various deposit methods, although specific details are limited.

• Supported Deposit Methods: Common methods like bank transfers, credit cards, and electronic wallets are typically expected but not specified.

• Minimum Deposit Requirements:

• Standard Account: $150

• Progressive Account: $1,000

• Premium Account: $10,000

• Deposit Processing Time: Not provided.

• Deposit Fees: Not specified.

• Withdrawal Methods and Restrictions: Specific withdrawal methods are not detailed.

• Withdrawal Processing Time: Information on withdrawal processing time is not available.

• Withdrawal Fee Structure: Not specified.

7. Customer Support and Educational Resources

ES Group provides customer support through various channels, although specifics are limited.

• Support Channels: Support is available via email and phone.
• Service Hours and Time Zone Coverage: Specific service hours are not mentioned.
• Multilingual Support: The languages supported are not specified.
• Educational Resource Types: There is no information on educational resources such as webinars or tutorials.
• Market Analysis Services: Information about daily analysis or reports is not available.
• Trading Tools: Specific trading tools like calculators or signal services are not mentioned.

8. Regional Coverage and Restrictions

ES Group claims to operate in several regions, but details are sparse.

• Primary Service Markets: The broker claims to serve clients globally, but specifics are not provided.
• Regional Office Distribution: Not mentioned.
• Countries/Regions Not Accepted: Specific countries or regions that are restricted are not disclosed.
• Special Restrictions Notes: There is no information on special restrictions.

In summary, while ES Group presents itself as a comprehensive trading platform, significant concerns regarding its regulatory status and operational transparency have been raised. Potential clients are advised to conduct thorough research and exercise caution before engaging with the broker.