EFSPFX (full name Esteema Financial Solutions Pty Limited) is a forex broker registered in Australia, mainly providing trading services for financial products such as forex, precious metals, stocks, and contracts for difference (CFDs). The official website of EFSPFX has low transparency, lacking specific information about account types, trading hours, company staff, etc.
Company Background:
EFSPFX, a forex broker registered in 2020, is officially known as ESTEEMA FINANCIAL SOLUTIONS PTY LIMITED, with its registration location in Australia, and the company registration number is ABN 16 161 427 103. The registered address is 15 Burke Road, Malvern East Vic 3145, Australia, and the office address is 4A Pinero Place, Bucklands Beach, Auckland 2014. The domain of this broker was registered on January 29, 2021, which is about 3 years ago from now.
Regulatory Status:
ESTEEMA FINANCIAL SOLUTIONS PTY LIMITED holds an AR license authorized by the Australian Securities and Investments Commission (ASIC), with the regulatory number 001308761. It was found during investigations that ESTEEMA FINANCIAL SOLUTIONS PTY LIMITED purchased the ASIC authorization license from MGF CAPITAL PTY LTD, but there are no other relations between them. MGF CAPITAL PTY LTD has sold licenses to multiple brokers, including ESTEEMA FINANCIAL SOLUTIONS PTY LIMITED. However, ESTEEMA FINANCIAL SOLUTIONS PTY LIMITED is not effectively regulated by regulatory authorities.
Therefore, investors should remain vigilant about the regulatory status of this broker. Before choosing to cooperate, investors are advised to conduct thorough investigations into the company's regulatory recognition and reputation to ensure safety and transparency during trading.
Trading Products:
EFSPFX mainly offers trading services in forex, precious metals, stocks, and contracts for difference (CFDs) for investors.
Forex Trading: The broker offers more than 60 tradable instruments, including currency pairs. Features include ultra-low spreads and leverage up to 1:100, providing traders with flexible trading options and potential high return opportunities.
Precious Metals: Traders can trade spot gold, spot silver, as well as other precious metals like platinum and palladium on the platform. Additionally, the platform supports gold/offshore RMB trading, offering diverse investment opportunities for traders.
Contracts for Difference (CFDs): The broker provides trading in stock indices, agricultural products, and commodities through CFDs. CFDs allow traders to profit from predicting the rise and fall of asset prices without owning the actual asset, thus offering convenience and flexibility to traders.
European and American Stocks: The platform offers more than 100 selected European and American stock trades, allowing traders to enjoy up to 20 times leverage without paying commissions and fees. This provides traders with a convenient stock trading channel and extra leverage support to enhance investment efficiency.
Trading Software:
EFSPFX offers the widely used MetaTrader 4 (MT4) trading platform, a globally recognized trading software favored by many retail forex and CFD traders. MT4 is famous for its user-friendly interface, powerful chart analysis tools, extensive technical indicators, and automated trading functions.
Deposit and Withdrawal Methods:
EFSPFX offers the following deposit and withdrawal methods for clients to conveniently manage their funds:
Deposit Methods:
Bank Payment: Deposits via bank transfer.
Credit/Debit Card: Accepts VISA/MasterCard and China UnionPay cards.
Minimum Deposit: The minimum deposit requirement is 500 yuan.
Withdrawal Methods:
Bank Payment: Withdrawals via bank transfer.
Credit/Debit Card: Supports withdrawals with China UnionPay cards.
EFSPFX's Customer Support:
Phone: +6495277358
Email: support@efspfx.com
Summary:
The lack of effective regulation, detailed introductions of trading products, and some UI issues may negatively affect user experience for EFSPFX. For potential users, understanding these limitations and conducting thorough market research is very important to ensure that their investment decisions are made on a fully informed basis. Currently, EFSPFX is flagged as "suspected fraud" on TraderKnows.
