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Esplanade
Regulators: SVG FSA
https://www.esplanade-ms.com/
Esplanade is a non-regulated broker that we advise against trading with, despite the seemingly attractive deals it offers.
Esplanade claims to operated by Esplanade Market Solutions Ltd., a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA) under registration number 22514 IBC 2015. Although we did find records matching this broker in the registry of the SVG FSA, it's important to note that the SVG FSA neither issues forex licenses nor regulates entities engaged in forex activities. In essence, Esplanade is not subject to any valid regulations.
Regarding your question, we strongly advise against dealing with Esplanade since there are no legal protections in place to protect the funds you entrust it to hold and control. Trading with it is highly risky. As a result, we suggest investors avoid unlicensed brokers like Esplanade and opt for fully regulated ones instead.
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