ESMOND foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://esmondmarkets.com/?lang=en, about the company's legal and temporary regulatory information, the company's address 16 175 Pitt St Sydney NSW 2000.
ESMOND Forex Broker
Basic information
Australia
2-5 years Suspicious Regulatory License Self-developed Suspicious Scope of Business Australia Appointed Representative(AR) Revoked Australia Appointed Representative(AR) Revoked High potential riskCompany profile
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.
Pros and Cons
| Pros | Cons |
| Regulated by Australian Authority | Limited 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 Country | Regulated Authority | Regulated Entity | License Type | License Number |
| ASIC | ESMOND INTERNATIONAL MARKET PTY LTD | Appointed Representative(AR) | 001307462 |
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.
| Tradable Instruments | Supported |
| 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.
| 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 |
Leverage
Esmond offers leverage of up to 100 times for major currency pairs.
| Asset Class | Maximum Leverage |
| Major Currency Pairs | 100:1 |
| Precious Metals | 100:1 |
| Energy Futures | 100:1 |
| Stock Indices | 2:1 |
| Virtual Currency Futures | 20:1 |
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 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 |
Trading Platform
MT4 trading software is a popular one chosen by Esmond to serve clients .
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, MAC, IOS, Android | Investors 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.
Rating Index
ESMOND Similarly Rated Brokers
Latest Reviews
Aiko. Ishikawa
Turkey
Fast account opening process, thanks to the Witty guy, thanks so much!!!
Positive
2024-06-27
HFGFX
South Africa
I'm impressed by the ease of account setup and the variety of financial products they offer.
Positive
2024-06-21
Wingwing Ng
Belarus
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.
Neutral
2024-07-23