Esplanade Market Solutions: Trader Testimonials, Site Analysis and Legal Documents

Attention! Fraud company!

Leave a request for a refund from a scammer.

There are many fraudulent brokers on the market who are ready to promise their clients “mountains of gold” in order to clean their pockets. Especially dangerous are the old scammers who order positive reviews about themselves and mislead naive traders. Today we will talk about Esplanade Market Solutions, which has been managing to leave investors without a livelihood for several years. How does this sharaga work and what do users think about it? Understanding!

Basic information about the scam project

The scam has existed since 2015, and during this time he managed to gain a lot of negative reviews. The “kitchen” has two absolutely identical sites - esplanade-ms.com and esp-ms.com. Russian regulatory authorities are aware of her fraudulent activities, since both domains were blocked by Roskomnadzor at the request of the Prosecutor General's Office.

The creators of the scam project say that only professionals work in their team, but they do not provide their faces or information about them. This is not surprising, because law enforcement agencies are already interested in fraudsters. We have learned that Esplanade Market Solutions is actively recruiting “dialers” from different countries. For $400, he offers them to sell their conscience and sell “favorable” terms to users. Judging by the reviews, experienced psychologists work in the team of scammers, who often persuade the investor to take loans.

Esplanade Market Solutions states that it is headquartered in Saint Vincent and the Grenadines. The check confirmed this information, but do not rush to rejoice. To register in this offshore zone, you need to pay a symbolic fee and provide a minimum package of documents. It is also worth paying attention to the fact that the address in the local business center indicates a lot of scams like FreshForex, Crypto Trading Associations and Investizo, about which you can find a bunch of negative reviews on the Web. I bred a real office and does not smell; maximum can be said about the virtual.

Esplanade Market Solutions can only be contacted by email. On their site, the scammers indicate a phone number, but judging by the information on the Web, the number belongs to the Granum workshop. In the reviews, traders write that scammers call them themselves from different phones.

How are the legal documents?

At first glance, it seems that Esplanade Market Solutions has a complete order with the documents, but after reading them carefully, it becomes clear that the client is simply driven into bondage:

• the hero of our review is not responsible for the user's financial losses resulting from a failure on his own platform;
• a pseudo-broker can cancel any transaction (judging by the reviews, he often does this, arguing this with fictitious violations of the conditions);
• the scammer has the right to block the user's account without returning his capital.

The scammers claim that the user's money is safe, but without a license, all their assurances are empty words. Esplanade Market Solutions does not say a word about permission for financial intermediation. Judging by the reviews, its main audience are traders from the Russian Federation. According to Law No. 460-FZ, all brokers who provide services to residents of our country are required to register as legal entities, obtain a license from the Central Bank and join an SRO. The audit showed that the scammers did not fulfill any of these requirements, which means that they cannot be trusted.

Overview of trading conditions

Scams offer investors four types of accounts. The minimum deposit is $ 250, although in the reviews deceived users claim that scammers are trying to “fish out” more. They cite as their benefits:

• zero spreads;
• fast execution of orders;
• assistance of a personal manager;
• trading with leverage from 1:100 to 1:1000.

The last point once again indicates that Esplanade Market Solutions is not interested in the client's earnings. Trading with such leverage is guaranteed to result in the loss of all capital. In Europe, it is forbidden to raise it above 1:30, but this does not stop the “kitchen”.

The scammers are trying to attract as many victims as possible. To do this, they created an affiliate program, according to which the investor will receive a reward for referral transactions. This is a banal lure: we did not see a single review on the Web where referrers would confirm payments.

What do traders think about the scam project?

Esplanade Market Solutions orders a lot of positive reviews about itself, but they are easy to distinguish from real ones: copywriters simply praise the fake broker without saying anything specific. Everyone who really cooperated with the breeders complains about them. Some traders claim that the platform is rigged, others claim that scammers refuse to withdraw capital.

How do investors lose money?

Scammers use the standard divorce scheme. Fraudsters withdraw small amounts without problems, but problems begin with large ones. When trying to withdraw more than $500, the victim sees a message that they need to deposit $100 to withdraw from the segregated account. If the user goes along and pays the breeders, he will receive a notification about the need to pay money for the stamp duty, then he will need to pay the tax, and so on ad infinitum. Judging by the reviews, many investors who believed the scammers lost several times their initial deposit.

Conclusion

Registration in the notorious offshore, a fake phone number and lack of a license are far from all the disadvantages of Esplanade Market Solutions. This "kitchen" without a twinge of conscience leaves users with empty pockets, trying to drive them into credit bondage. If you want to save your money and nerves, bypass this sharashka office!