ESPLANADE Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-29 16:11

Abstract：ESPLANADE offers various trading assets, like 50 forex pairs, spot metals and CFDs on indices and stocks and oil with leverage up to 1:1000 via the MT4 platform. However, currently it is not regulated.

　　Note: ESPLANADE's official website: https://esplanade-ms.com/ is currently inaccessible normally.

ESPLANADEReview Summary
Founded	2015
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	Not regulated
Market Instruments	Metals (gold, silver), Index CFDs, Oil Trading, Share CFDs, Russian Shares
Demo Account	✅
Leverage	Up to 1:1000
Spread	Floating from 1.2 pips (Standard account)
Trading Platform	MT4
Min Deposit	$250
Customer Support	Phone: +357 25 654-100 (available 9:00-18:00)
	Email: support@esplanade-ms.com
	Address: Suite 305, Griffith Corporate Center, Beachmont , Kingstown, St. Vincent and the Grenadines VC0100 P.O. Box 1510

　　ESPLANADE offers various trading assets, like 50 forex pairs, spot metals and CFDs on indices and stocks and oil with leverage up to 1:1000 via the MT4 platform. However, currently it is not regulated.

Pros and Cons

Pros	Cons
Various trading assets	Not regulated
MT4 offered	Unavailable website
Demo accounts offered	Limited contact channels
	High minimum deposit

Is ESPLANADE Legit?

　　ESPLANADE was registered by Esplanade Market Solutions Ltd in Saint Vincent and the Grenadines in 2015. However, FSA shows no results of ESPLANADE. Traders should be cautious when trading.

What Can I Trade on ESPLANADE?

Tradable Instruments	Supported
Forex	✔
Metals	✔
Index CFDs	✔
Oil	✔
Share CFDs	✔
Russian Shares	✔
Indices	❌
Cyptos	❌

Account Type/Leverage/Fees

　　ESPLANADE offers four account types: Fix, Standard, ECN and VIP.

Feature	FIX	Standard	ECN	VIP
Minimum Deposit (USD)	250	250	250	20,000
Max Leverage	1:1000		1:500	1:100
Spread	Fixed from 3 pips	Floating from 1.2 pips	Floating from 0 pips
Commission/Fee (1 lot)	❌	❌	$4, €4, ₽250	$2.5, €2.5, ₽150
Min Transaction Amount (Lot)	0.01
Max Transaction Amount (Lot)	100

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Desktop, Mobile and Web	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　For deposits, Esplanade supports payment methods including MasterCard, MИP, VISA, Bitcoin, and USDT TRC20, with execution times ranging from 1 to 24 hours and no fees. The minimum amount per transaction is 50 USD or 300 RUB, and the maximum amount is 8000 USD or 500,000 RUB.

　　For withdrawals, Esplanade also supports MasterCard, MИP, VISA, Bitcoin, and USDT TRC20, with execution times of 1 to 5 working days and no fees. The minimum amount per transaction is 25 USD, while the maximum amount can reach 500,000 USD or 600 USD, depending on the payment system used.