It Has Been Verified That Esta Trade Operates Through The Website Https://estatrade.com/.
The Company's Website Is Currently Defunct, Inaccessible, Appears To Have Closed Down, And Details About The Company Are Not Immediately Available. Traders Are Requested To Exercise Extreme Caution To Prevent Fraudulent Losses To Their Funds.
As For Supervision, It Has Been Verified That Esta Trade Does Not Currently Have Any Valid Licenses.
You Can Contact Esta Trade By Email: Support@estatrade.com.
But Most Non-compliant Brokers Will Not Disclose Providing Other More Direct And Truthful Contact Information, Such As A Phone Number Or Company Address.
Note: Esta Trade As An Unregulated Broker Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And When Choosing A Broker, Remind Everyone To Stay Away From These Unregulated As Much As Possible.
According To The Internet Query, It Shows:
Founded In 2020, ESTA Is A Financial Broker That Offers Trading In Various Asset Classes, Including Currencies, Indices, And Commodities, Through The MetaTrader 4 (MT4) Platform. It Offers Trading Leverage Of Up To 1:500 And Requires A Minimum Deposit Of 10 Dollars. However, There Is A Higher Risk In Websites That Are Unregulated And Inaccessible.
ESTA Is Not Regulated By Any Financial Institution Group. Its Website Is Not Only Inaccessible But Completely Anonymous. It Claims To Be Registered In Saint Vincent And The Grenadines. However, The Country Does Not Regulate The Foreign Exchange Market At All, Allowing Brokers To Handle Users' Funds And Personal Information At Will.
ESTA Offers A Variety Of Trading Tools, Including Forex, Indices, Cryptocurrencies And Commodities (Oil, Energy, Metals, Coffee, Sugar, Etc.).
Account Types
On ESTA, Traders Can Choose From Two Main Types Of Accounts: Trading Desk Account And ECN (Electronic Communication Network) Account.
Dealing Desk Accounts Are Made Up Of Brokers Who Act As Market Makers, Providing Buy And Sell Prices For Various Currency Pairs And Profiting From The Spread.
On The Other Hand, ECN Accounts Offer Access To The Interbank Market, Where Orders From Buyers And Sellers Are Matched At Prices Set By The Financial Institution Group.
Both Account Types Require A Minimum Deposit Of $100.
Leverage
This Offers Leverage Up To 1:500, While Most Financial Institution Groups Worldwide Have Tightened Leverage Limits For Retail Investors To Well Below 1:100. Therefore, It Is Best To Exercise Caution And Not Trade With ESTA.
Trading Platform
ESTA Offers The Highly Acclaimed MetaTrader4 For Trading. However, Esta's Website Is Not Accessible, So We Cannot Test It. Therefore, We Recommend Choosing A Legally Regulated Broker.
Deposits And Withdrawals
ESTA Only Accepts Bank Telegraphic Transfers And Cryptocurrency Payments, Both Of Which Are Non-refundable. In Addition, The Broker Does Not Disclose Detailed Payment Terms And Lacks Legal Documentation.
