Esandar Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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BAPPEBTI Suspicious Clone 
I would highly recommend this platform to anyone who wants to start trading gold and currency pairs. It's easy to use, secure and fast. Plus, you can get the best customer service around. So, start trading today with Esandar and enjoy supreme customer support service, as well as rich educational resources.
Esandar has established itself as a reputable player in the forex and CFD trading space, particularly in Indonesia. With a strong regulatory framework and a variety of trading instruments, the broker has garnered a mix of positive and negative feedback from users. This review aims to provide a comprehensive overview of Esandar, highlighting its strengths, weaknesses, and overall user experience.
Note: Its important to consider that Esandar operates under different regulatory jurisdictions, which may affect the trading conditions and services offered to users in various regions. This review is based on multiple sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 7 |
| User Experience | 6 |
We assess brokers based on user feedback, expert reviews, and factual data.
Founded in 2004, Esandar is a regulated forex broker based in Indonesia, operating under the supervision of BAPPEBTI (the Commodity Futures Trading Regulatory Agency of Indonesia). The broker primarily offers trading through the MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and robust analytical tools. Esandar provides access to a range of financial instruments, including forex pairs, commodities, and stock indices, catering to both novice and experienced traders.
Esandar is regulated by BAPPEBTI, which assures a level of security for traders operating within Indonesia. However, the lack of oversight from top-tier international regulators may raise concerns for some traders. According to PediaFX, the broker has a strong reputation but lacks insurance for clients, which is a critical factor for risk-averse investors.
The primary method for deposits and withdrawals at Esandar is through bank transfers. This limitation may frustrate users who prefer more flexible payment options, such as e-wallets or credit cards. Additionally, the minimum deposit for the various account types is not clearly defined, which could deter potential clients looking for transparent conditions.
Esandar does not currently offer any bonuses or promotional incentives to new or existing clients. This could be seen as a disadvantage compared to other brokers that provide attractive bonuses to entice new traders.
Esandar offers a variety of trading instruments, including forex pairs, gold, silver, and stock indices from markets such as Japan, Hong Kong, and Korea. However, the range of available assets may not be as extensive as that offered by larger, more established brokers.
The spreads at Esandar are reported to be relatively high, with specific figures such as 2.5 pips on major forex pairs and a commission of $50 per lot for certain futures. This cost structure may not be competitive compared to other brokers in the market, which could affect profitability for active traders.
Esandar offers leverage up to 1:100 on stock indices, which is considered moderate. While this may appeal to some traders, others may find it limiting compared to brokers that offer higher leverage ratios.
The broker exclusively supports the MT4 trading platform, which is widely recognized in the trading community for its reliability and comprehensive features. However, the absence of newer platforms like MT5 may deter traders looking for advanced functionalities.
While Esandar primarily serves clients in Indonesia, there is limited information regarding restrictions for traders from other countries. Prospective clients should verify their eligibility before opening an account.
Esandar provides customer support primarily in Indonesian, which may limit accessibility for non-Indonesian speaking clients. The absence of live chat support is another drawback noted by users, as it may lead to delays in resolving queries.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 6 |
| Tools and Resources | 7 |
| Customer Service and Support | 5 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 7 |
| User Experience | 6 |
Account Conditions: Users have reported a lack of transparency regarding minimum deposit requirements, which can lead to confusion and frustration. This is a significant factor that affects the overall rating in this category.
Tools and Resources: While Esandar provides access to educational resources, including video tutorials and textual guides, the overall quality and comprehensiveness of these materials are considered basic compared to industry leaders.
Customer Service and Support: The absence of live chat and limited language support has led to mixed reviews regarding customer service. Users have reported delays in response times, which can be detrimental during trading hours.
Trading Setup (Experience): The MT4 platform is praised for its user-friendliness, but the lack of newer platforms like MT5 may hinder the trading experience for some users looking for advanced features.
Trustworthiness: Esandar is regulated by BAPPEBTI, which adds a layer of security for traders. However, the lack of insurance for client funds is a notable concern.
User Experience: Overall, users have expressed a moderate level of satisfaction with their trading experience at Esandar, but the limitations in customer support and payment options have been recurring issues.
In conclusion, while Esandar presents a viable option for traders in Indonesia, potential clients should weigh the advantages against the drawbacks, particularly regarding customer support and cost structure. As always, thorough research and consideration of personal trading needs are essential when selecting a broker.
