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Esmond International Markets Pty Ltd: Suspected Scam

TraderKnows
TraderKnows
2023-12-26

Esmond International Markets Pty Ltd, founded in 2023, will be thoroughly evaluated for regulatory compliance, trading options, software, fund security, deposit

Esmond International Markets Pty Ltd Company Overview:

Esmond International Markets Pty Ltd claims on its official website that it was established in New South Wales, Australia in 2019, with the legal entity being Esmond International Markets Pty Ltd. However, the information provided by the broker is inconsistent with the findings from the official website of the Australian Securities and Investments Commission (ASIC). The ASIC website indicates that the company was established in September 2023 with the company number 671 597 550, suggesting a very short period of existence. Further investigation reveals that the company does not possess an Australian Business Number (ABN), raising doubts about its ability to engage in commercial activities or transactions in Australia. Additionally, the broker's official website domain was registered on September 22, 2023, less than two months ago according to Whois information.

公司注册信息

whois域名年限数据

Is Esmond International Markets Pty Ltd Compliant and Legal? Does it hold relevant financial regulatory licenses?

Esmond International Markets Pty Ltd states on its official website that it is regulated by the Australian Securities and Investments Commission (ASIC) with license number 001305942. However, the ASIC website affirms that the broker has legitimately secured an authorized representative license (AR license) from MGF CAPITAL PTY LTD. The regulatory and investor protection measures associated with this license appear to be weak. Moreover, MGF CAPITAL PTY LTD has sold similar authorized representative licenses to over 20 similar companies, indicating that Esmond International Markets Pty Ltd and these other entities have no direct relationship with MGF CAPITAL PTY LTD. These companies are utilizing acquired authorized representative licenses primarily for promotional purposes, giving rise to suspicions of potential fraudulent activities.

澳大利亚证券和投资委员会(ASIC)

授权代表牌照(AR牌照)信息

Trading Instruments provided by Esmond International Markets Pty Ltd:

According to the official website of Esmond International Markets Pty Ltd, the broker primarily offers financial product trading services in forex, commodities, indices, and other instruments.

交易产品

Trading Software provided by Esmond International Markets Pty Ltd:

The broker offers the MT4 trading software, which is compatible with various devices such as PC, web, and mobile platforms, according to information available on its official website.

交易平台

Fund Security:

Esmond International Markets Pty Ltd does not disclose any third-party fund regulatory information on its website, raising concerns about the security of user funds.

Deposit and Withdrawal Channels:

The official website of Esmond International Markets Pty Ltd provides deposit and withdrawal options, including bank transfers (domestic banks) and digital assets. Deposits incur certain fees, while withdrawals are generally free for national banks.

存款和取款

Leverage Ratio:

The broker does not publicly disclose information about leverage ratios on its official website, leaving users uninformed about specific leverage multiples for trading.

Conclusion:

Esmond International Markets Pty Ltd is identified as a forex broker engaging in illegal financial activities by providing false regulatory information. The broker does not disclose crucial information regarding user fund security and leverage ratios. Currently marked as "Suspected Fraud" on TraderKnows, Esmond International Markets Pty Ltd is considered a highly risky forex trading platform. TraderKnows advises users to steer clear of this platform to avoid potential financial losses.

SKYPE 图

公众号2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

Wiki

Pig Butchering Scam

The 'Pig Butchering Scam' is a type of financial fraud that originated in Southeast Asia, but has now become prevalent globally. The name stems from the scammers' method of dealing with their victims: similar to raising pigs, they first 'fatten' them by building trust, and then 'slaughter' them by swindling away all their money.

Organization

Risk Warning

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