EssenceFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://essencefx.com/account-types, about the company's legal and temporary regulatory information, the company's address .
EssenceFX Forex Broker
Basic Information
Registered Region 
Vanuatu
VanuatuOperating Period
--
Company Name
Essence Markets Limited
Abbreviation
EssenceFX
Company employee
--
Customer Service Email Address
support@essencefx.com
Contact Number
+852 37072209
Company Website
Keywords
5-10 years Suspicious Regulatory License Suspicious Scope of Business Vanuatu Retail Forex License Revoked High potential riskCompany profile
Basic Information & Regulators of EssenceFX EssenceFX was founded in 2016 and is a Vanuatu registered online Forex and CFD broker currently regulated by the Vanuatu Financial Services Commission (Regulation No. 40309). Safety Analysis of EssenceFX EssenceFX is currently regulated offshore only by the Vanuatu Financial Services Commission. From our sources, traders only need to pay 24,000 Euros to become a member, which means that the regulatory effectiveness of the Vanuatu VFSC is not strong, and the safety of investors' funds cannot be protected. Additionally, the minimum deposit required for EssenceFX Elite and Premium accounts (see account types below) is too high and risky, so investors should stay away from the EssenceFX broker. Market Instruments of EssenceFX EssenceFX offers investors a wide range of trading assets. In addition to the popular Forex markets, investors can also trade commodities, precious metals, and indices through the EssenceFX platform. Accounts & Leverage of EssenceFX EssenceFX offers three different types of accounts to meet the investment needs and trading experience of different traders: Standard Accounts (minimum deposit of $100), Elite Accounts (minimum deposit of $10,000), and Premium Accounts (minimum deposit of $50,000). The maximum leverage available for EssenceFX Standard accounts is 1:500, for Elite accounts up to 1:200, and for Premium accounts up to 1:100. Spreads & Commissions EssenceFX platform does not provide detailed information on product spreads and trading commissions. Trading Platform Available of EssenceFX EssenceFX provides traders with the world's leading and widely acclaimed MT4 trading platform, which is ideal for trading the Forex market, commodities, precious metals, deposits, and index assets. MT4 can also help traders to develop appropriate trading strategies and to get ahead in the financial markets. Deposit and Withdrawal of EssenceFX EssenceFX welcomes traders to deposit and withdraw funds to and from their investment accounts through various convenient methods such as credit/debit cards, NETELLER, China UnionPay, wire transfers, etc. EssenceFX requires a minimum deposit of $100 and offers traders a deposit bonus of a certain amount.
Rating Index
STANDARD
Minimum Deposit
100-10000 Max
ELITE
Minimum Deposit
10001-50000 Max
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Latest Reviews
EssenceFX
20642
News Is EssenceFX a scam or legit broker?
No, it is not safe to trade with EssenceFX, because it is an offshore broker. The Company is wholly owned by Essence Markets Limited under registration number 40309, regulated by the Vanuatu Financial Services Commission, and incorporated in the Republic of Vanuatu.
EssenceFX Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.30, Software Index 4.00 Risk Control Index 0.00.
FX3309196153
Malaysia
My withdrawal request has been done on 3rd march 2020. Since then, my request still pending untill now 14 july 2020. I had messaged the support team of Essence capital market sdn bhd (the marketer of Essencefx in malaysia) in few times to update my status of my request but they keep told me that they have forward my request to LE(Local Exhanger). Suddenly, on 30 Jun 2020, i got email from essencefx that they will be leaving Asia region market operation effective on 16 July 2020.
Exposure
2020-07-14