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Esperio Review – Broker Esperio.Org Is Absolutely A Scam!
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First things first, we always have to check the broker’s regulatory status. In Esperio’s case, we see it’s a part of the OFG Cap. Ltd., which is based in St. Vincent and the Grenadines.
Regulatory authorities in SVG focus on the banking system only, while leaving forex trading completely unmonitored. This is a big red flag when it comes to forex trading brokers, as this means scammers have complete freedom to operate in any way they want.
On top of that, most of the shell companies registered there are anonymous and the money pretty much becomes untraceable.
Are Your Investments Safe With Esperio Broker?
There are several very strong reasons why you should not invest with Esperio broker. Beside the fact that it is unregulated, offshore and anonymous, Esperio has been blacklisted by the Ukrainian regulatory authorities for fraudulent activities and marked as a potential scam based on their victims reports.
As mentioned above, SVG is a perfect place for scammers as they can enjoy full anonymity and there’s no surveillance of forex brokerage by authorities. And of course, there’s no mention of segregated accounts or negative balance protection.
What Trading Platform Options Exist?
Esperio Broker offers the two leading trading softwares, MT4 and MT5. These two have been and still are the best trading softwares in the industry, and for a good reason.
MT4 and MT5 offer a wide variety of features, pretty much everything both experienced and beginners in forex trading need. Both offer advanced analytical tools, reliable signs, automated trading, built in marketplace, just to name a few.
However, great trading platforms are in no way a reason to invest with a shady broker.
What Account Types Does Esperio Offer?
Esperio Broker offers 4 different types of accounts:
- Esperio Standard
- Esperio Cent
- Esperio Invest
- Esperio MT5 ECN
Minimum deposit of $10 is required for opening the Esperio Cent account.
Leverage can go as high as 1:1000 for Esperio Standard and Cent. Although high leverage can also mean a huge profit, in trading, high leverage more often means a huge risk of losing all your investment.
Overview of Esperio Trading Instruments
Esperio Broker offers trading with Forex, cryptocurrencies, indices, metals, ETFs and stocks. While the leverage offered by this offshore broker is high, spread is quite decent, floating at around 0.2. Trading instruments available depend on the account type.
Again, although the offer is attractive, keep in mind that we’re talking about an offshore unregulated broker blacklisted for scamming people.
Esperio Offers Bonuses and Promotions
Offering bonuses has been one of the ways scam brokers use to attract potential clients. Esperio offers interesting bonuses and promotions to their users, but with a lot of strings attached.
In order to obtain a bonus, one has to deposit more money and for each bonus and promotion there’s a list of requirements that even experienced traders would find difficult to meet. And even if one manages to meet all the requirements, most bonuses are not withdrawable.
Esperio Deposit/Withdrawal Methods
Transaction details are not disclosed publicly, so one can learn about them after creating an account. Esperio broker claims all there’s 0% commission on depositing and withdrawing funds.
Payment methods go from bank wire transfers, credit/debit cards and cryptocurrencies to little known wallets such as FasaPay, Mir, etc.
There’s also the inactivity fee which is applied after 3 months of inactivity and is 50$ per month.
How Do I Obtain a Refund if Esperio Defrauded Me?
The chargeback option is one of the most reliable options, but is applicable only if one deposited money via credit card.
Chargeback is basically a request to reverse a payment if the consumer is unhappy with the service/product and is issued by the bank.
On the other hand, cryptocurrency is a preferred payment method among scam brokers, especially the offshore ones. The reason why crypto is favored is because it’s virtually untraceable and hard to be refunded.
- Esperio Broker is owned by OFG Cap. Ltd., a company based in SVG.
- Esperio Broker is not regulated by any regulatory bodies.
- Esperio Broker is blacklisted by the Ukrainian regulatory authorities due to reports for fraudulent brokerage and scamming people.
- Esperio offers MT4 and MT5 trading softwares.
- Doesn’t offer segregated accounts nor negative balance protection.
FAQs About Esperio Broker
Is Esperio a Regulated Broker?
Esperio broker is not a regulated forex broker and operates offshore.
What Is the Minimum Deposit for Esperio Broker?
Minimum deposit amount is available only for the Esperio Standard account and it’s $10.
How Long Do Esperio Withdrawals Take?
Details regarding withdrawals and deposits are available after registering, otherwise can’t be seen.