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/10

EFS

United Kingdom United Kingdom | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

http://en.esteemacfd.com/

Website

Rating Index

Contact

+0061 28 006 0933
http://en.esteemacfd.com/

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
United Kingdom
Operating Period
5-10 years
Company Name
Esteema Financial Solutions Limited
Email
info@esteemacfd.com
Contact Number
+0061 28 006 0933
Verified Site
Relationship Map
Related Companies
Employees
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • China esteemaglobal.com
    123.56.181.230
  • Hong Kong esteemacfd.com
    47.89.31.78

Relationship Map

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EFS

Related Companies

ESTEEMA FINANCIAL SOLUTIONS LIMITED(United Kingdom)
United Kingdom
ESTEEMA FINANCIAL SOLUTIONS LIMITED(United Kingdom)
Active
United Kingdom
Registration No. 05911084
Est. Date
Source Official Statement
Employees

Company Profile

Company Profile

Review summary

Note: EFS's official website: http://en.esteemacfd.com/ is currently inaccessible normally.

EFS Information

EFS, short for ESTEEMA FINANCIAL SOLUTIONS, is a brokerage company whose website is currently dysfunctional. From the minimal information on the previous recorded page of its website, the companay offers the the world renowned MT4 platform, downloadable from Windows, Android and iOS devices. Furthermore, the company seems to provide an “forex academy” for customer education before.

The company can be contacted at telephone: +0061 28 006 0933/0061280060933/610280910586/+61 (02) 8091 0586, email: info@esteemacfd.com and QQ: 4008758898.

However, always be cautious since the company is not regulated. Also, none of any information regarding its background, business scope or trading conditions are available.

EFS‘ homepage

Is EFS Legit?

EFS claims to hold a Financial Service Providers Register (FSPR) license with number 564306. However, the license is suspected to be fake clone, raising a lot of doubts about its compliance to industry standard and customer protection.

Financial Service Providers Register (FSPR)
Current StatusSuspicious Clone
Regulated by New Zealand
License TypeFinancial Service Corporate
License No.564306
Licensed InstitutionMWD GROUP LIMITED
suspicious clone FSPR license

Downsides of EFS

Unavailable website: EFS's website cannot be opened currently. We can't test their trading conditions and trading platforms.

Lack of transparency: The unavailable website and limited info through internet about the company leave traders in the dark about its current operational status and trading conditions.

Regulatory concerns: The suspicious clone regulation by FSPR indicates nonexistent compliance to industry standards of the broker. This brings you great risks to trade with them.

Exposure on WikiFX about unable to withdraw: There are 3 reports on WikiFX about withdrawal issues of this company, which can lead to fund loss of your trading.

Negative EFS Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

As of now, there are 3 pieces of EFS exposure in total, details as below:

Exposure 1. Unable to withdraw

ClassificationUnable to withdraw
Date2020-08-14
Post CountryHong Kong

An investor from Hong Kong reported he was told that the company was dismissed and all his funds were doomed. You can visit https://www.wikifx.com/en/comments/detail/202008146782827529.html for details.

Exposure 1. Unable to withdraw

Exposure 2. Unable to withdraw

ClassificationUnable to withdraw
Date2019-10-08
Post CountryHong Kong

Another Hong Kong investor also reported dismiss of the company, he could not log in to the company's MT4 platform to withdraw funds. You can visit https://www.wikifx.com/en/comments/detail/208105750708974.html for details.

Exposure 2. Unable to withdraw

Conclusion

To sum up, we don't recommend trading with this broker at all. Though the company provides the well-acclaimed MT4 platform, its suspicious FSPR clone status raises questions about regulatory compliance. Moreover, inaccessible website and least transparency bring tremendous trading risks. Most worriesome of all, there are 3 exposures on WikiFX about withdrawal issues, reporting dismiss of the company. You will be throwing your money away if you continue to trade with the company.

Therefore, keeping away from this extremely unreliable broker and choosing reputable alternatives is a wise choice.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Can EFS be considered a credible broker?

Based on WikiFX assessment data, Esteema Financial Solutions Limited (EFS) presents a significant credibility challenge. The company operates without a valid, verified regulatory license from any mainstream financial authority, such as the FCA or ASIC, which are standard benchmarks for credible forex brokerage operations. Its overall comprehensive score of 1.61 reflects fundamental concerns regarding its regulatory standing and oversight framework. While it maintains a corporate registration in the United Kingdom, this does not equate to financial regulatory authorization for brokerage activities. For traders, this means a complete absence of standard investor protection mechanisms, including segregated client funds and access to formal dispute resolution schemes. When considering engagement with an entity operating in this unregulated capacity, exercising a high degree of caution and thorough independent verification is essential.

04-02
United States

What regulatory licenses does EFS hold?

Esteema Financial Solutions Limited (EFS) does not hold any verified regulatory licenses that authorize it to operate as a forex or CFD broker. According to WikiFX records, its profile in established regulatory databases like the UK's Financial Conduct Authority (FCA) is absent. The company is listed on New Zealand's Financial Service Providers Register (FSPR) under number 564306 for 'Securities Asset Management', a license which is marked as 'Unverified'. It is critical to understand that the FSPR is a registration body, not a prudential regulator; its listing does not confer authorization to conduct leveraged trading or provide investor protections. EFS operates as an unregulated entity, meaning it lacks the binding oversight, client fund segregation requirements, and compensation schemes typically enforced by authorities like the FCA, CySEC, or ASIC.

04-02
United States

When was EFS established?

Esteema Financial Solutions Limited (EFS) has been in operation for an estimated 5 to 10 years. While a specific founding date is not publicly disclosed, this operational timeframe places it among entities that have maintained a market presence for a period. The company is registered in the United Kingdom. Notably, this extended operational history occurs without the backing of a verified financial regulatory license from a recognized authority. Key trading specifics such as minimum deposit requirements, available leverage, and a detailed list of supported trading platforms and funding methods are not formally published by the broker, making a direct evaluation of its account and transactional terms difficult.

04-02
United States

¿Qué es un sitio web clonado de un bróker?

Un sitio web clonado de un bróker es una página fraudulenta que imita la información de una empresa legítima para inducir a los inversores a realizar depósitos. Estas páginas suelen copiar el nombre de la marca, el diseño del sitio e incluso la información regulatoria. Sus características comunes incluyen dominios similares al sitio oficial, información de contacto difícil de verificar y promesas de rentabilidad inusualmente altas. Una vez transferidos los fondos, normalmente resulta difícil recuperarlos. Se recomienda verificar el dominio oficial, la información regulatoria y utilizar WikiFX como herramienta de verificación adicional.

Two days ago

¿Cómo comparar diferentes brókers de forma eficaz?

Para comparar diferentes brókers, los inversores pueden evaluar factores como la situación regulatoria, la puntuación integral, el entorno de trading, las condiciones de cuenta y los comentarios de usuarios. Se recomienda priorizar la verificación del estado regulatorio y las licencias, seguida del análisis de la puntuación WikiFX y sus distintos índices. La herramienta de comparación multidimensional de WikiFX permite realizar evaluaciones más estructuradas y eficientes.

Two days ago

¿Cuáles son los organismos reguladores de forex más comunes?

Entre los organismos reguladores más comunes se encuentran la Financial Conduct Authority (FCA), la Australian Securities and Investments Commission (ASIC), la Commodity Futures Trading Commission (CFTC), la Securities and Exchange Commission (SEC), la Cyprus Securities and Exchange Commission (CySEC) y la Monetary Authority of Singapore (MAS). Estos organismos suelen aplicar estándares regulatorios estrictos. En WikiFX es posible consultar clasificaciones de brókers según su entidad reguladora.

Two days ago

Bagaimana cara mengidentifikasi broker dengan profil risiko tinggi?

Broker dapat dinilai memiliki profil risiko tinggi dengan mempertimbangkan status regulasi, keluhan pengguna, keamanan dana, serta konsistensi informasi publik yang tersedia. Broker tanpa regulasi valid, yang sering mengalami masalah penarikan dana, atau memiliki banyak keluhan pengguna biasanya menunjukkan tingkat risiko yang lebih tinggi. Informasi tersebut dapat diperiksa melalui WikiFX untuk membantu evaluasi secara lebih komprehensif.

Two days ago

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States
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