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Review of the fraudulent broker Esperio - reviews of violation of traders' rights
The Esperio company appeared on the horizon of exchange trading not so long ago. According to them, Espirio is an international broker serving more than 10 thousand clients around the world. However, when it comes to their origin story, the company suddenly becomes invisible. There is no information about its founding date or its creators. This lack of transparency raises serious doubts and suspicions about authenticity and reliability.
What services does this mysterious broker offer? The scammers on their website cite impressive figures from the work done – more than $1 billion in trade turnover. However, the details of how Esperio achieves such impressive results remain confidential.
Moreover, the platform is proud to have paid out over half a million dollars to its customers through its loyalty program. But are these payments truly a bona fide initiative, or are there fraudulent motives behind them? Unfortunately, the lack of information about the program itself, the criteria for its application and clarity in payments leaves room for doubt.
Esperio’s unclear behavior raises a number of questions about their intentions and reliability. Why does the company choose to hide its roots and not provide detailed information about its services and trading strategies? Perhaps this indicates the broker’s reluctance to openly disclose his working methods, or perhaps this is an attempt to disguise shortcomings and hidden intentions. In this review, we will analyze the project’s activities in detail and summarize whether it is worth starting cooperation with them or whether you need to choose a more reliable intermediary.
|Year of foundation
|Regulation and jurisdiction
+123456789, [email protected]
- Variety of trading instruments
- Access to the MetaTrader 4 and WebTrader platform
- Different types of trading accounts
- Low minimum deposit
- Lack of transparent regulation and jurisdiction
- Non-transparent conditions for accrual and withdrawal of funds
- Inability to verify data and access to account
- Risk of fraud and lack of security
MetaTrader 4, WebTrader
|Types of accounts
Standard, Cent, Invest, MT5 ECN
USD, EUR, GBP, JPY, AUD, CHF
Bank of Transfer, online-wallets, cryptocurrency
Currency pairs, stocks, index
|Margin Call/Stop out
Terms of trade
The broker offers its clients several trading accounts, each of which provides certain conditions and opportunities. However, the information about trading conditions provided by the company leaves much to be desired. There is almost no description of trading conditions, which raises serious doubts about the transparency and reliability of the broker.
The first trading account offered by the broker is “Standart”. As the project states, it is considered the most popular trading account. The client is offered to trade on the Meta Trade 4 platform, without commissions. The margin call level is 60% and the stop out is 20%.
Next on the list of accounts is “Cent”. As with the previous account, information about trading conditions remains unclear. It is unclear what spreads and commissions apply on this account. The company offers two platforms, versions 4 and 5. Market execution of orders.
The third account, presented by Esperio, is called “Invest”. Tight spreads, stop out 10%, margin call level 100%. There is no leverage.
The last one in the list of trading accounts is “MT5 ECN”. Spread floating, market execution. Commissions from 0.007% per lot.
In addition, information about the rules for withdrawing money also leaves much to be desired. It is unknown what withdrawal methods are provided to clients, what are the processing times for withdrawal requests and possible fees.
Official licenses and regulation are essential attributes of transparency and trust in the financial industry. However, we do not find much information on the site about being licensed or regulated by reputable financial institutions. Lack of clarity in this area raises serious doubts and undermines customer confidence.
Esperio does not provide detailed information about its security mechanisms and storage systems. This raises questions about how customers can have confidence in the safety of their financial assets.
In addition, the location of the Esperio broker raises some doubts. They state that their site is operated by OFG Cap. LLC, 2482 LLC 2022, Euro House, Richmond Hill Road, Kingstown, St Vincent and the Grenadines. We have not found any evidence to support these statements, which indicates that the project is a fraud.
Broker Esperio offers various bonus programs that seem designed to attract clients and stimulate their activity. Upon careful consideration of the conditions for the accrual and use of these bonuses, it becomes obvious that there are negative and dubious aspects that clients should take into account.
One of the bonus programs offered is Extra Empower. According to the information on the website, the bonus size ranges from 50% to 100% of the amount of deposited funds. The decision on the exact bonus amount is made on an individual basis. This vague and subjective condition raises questions about the fairness of the bonus process. The company also reserves the right to refuse to accrue bonus funds or cancel them if the conditions are not met.
Another bonus program was Double Empower. Here the bonus is provided when replenishing your account in a certain range and doubles the replenishment amount. However, in order to transfer bonus funds to the account balance, clients need to complete a certain number of lots. This condition binds clients to further trading activity and sets a certain threshold for receiving real funds. In addition, if the client withdraws funds from his account during the billing month, the bonus will be forfeited. This condition creates restrictions and prevents the client from freely disposing of funds.
The conditions for calculating bonuses and their use at the Esperio brokerage company contain negative and dubious aspects. Uncertain terms of accrual, restrictions on withdrawal of funds, as well as requirements for performing a certain volume of trading transactions create obstacles and can limit the freedom of clients to manage their funds.
Cooperation with the Esperio broker raises serious concerns and requires caution. Let’s consider the main problematic aspects associated with this company.
The platform is registered in the offshore zone of Saint Vincent and the Grenadines, which means there is no proper control and supervision by government authorities. This creates serious risks for clients, especially traders who may face loss of capital.
The company does not have a license to carry out brokerage activities. The lack of official documents confirms the opacity and unreliability of the broker. Moreover, regulators, including the Russian Central Bank, took measures to block the Esperio website and blacklisted the company.
Reviews about Esperio speak for themselves. Clients express their dissatisfaction and concerns regarding certain aspects of cooperation with this company. Let’s take a closer look at each comment.
The trader complains about lengthy account verification and unsuccessful communication with customer support. She notes that the process was delayed due to constant demands to provide new photographs or correct flaws in the photographs. This attitude causes negative emotions, and becomes the reason for her decision to terminate cooperation with Esperio.
Another client shares his experience and warns about possible risks. He claims that Esperio does not have a license from the Central Bank or other regulatory authorities. The user points out the lack of insurance from state-owned companies and doubts the reliability of this broker. He describes his own terrible experience of losing money, both when trading independently and when investing in PAMM accounts, and comes to the conclusion that Esperio is a scam.
Another comment expresses their concern about the broker’s poor performance. He says that he tried to withdraw his profit, but the application has been hanging without movement for two weeks. The client is experiencing difficulties and does not know what to do in this situation.
A trader mentions problems with trading on the Esperio platform. He notes that the MetaTrader 5 terminal, which is used by the company, has significant delays and lags. The user compares this with the experience of working on the same terminal with another broker and emphasizes that problems arise specifically with Esperio.
Reviews of the Esperio highlight a number of serious problems. All these factors create a negative impression of the company and raise doubts about its reliability and professionalism.
In case of problems with this broker and loss of funds, the experts on our site are ready to help you return funds and take appropriate legal measures. We are committed to protecting the interests of investors and combating fraud in the financial services market.
Broker Esperio leaves many questions and doubts regarding its activities. Although it offers a variety of services and trading accounts, the lack of transparent information and lack of a clear license raise suspicions. Moreover, its location in Saint Vincent and the Grenadines, a known haven for many suspicious financial transactions, also raises doubts about the company’s reliability.
The working conditions and withdrawal of money leave much to be desired. The presence of hidden commissions, restrictions on the withdrawal of profits and unclear rules for calculating bonuses raise concerns. Additionally, the lack of information regarding fund protection and storage security further highlights the risks associated with working with this broker. Based on the information provided, we cannot recommend this broker. It is worth once again carefully studying the terms of cooperation and the risks of placing orders on this platform.
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about Esperio are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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