Esplanade Market Solutions Review
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User Reviews of Esplanade MS
rb222 2022-04-10 20:42:12 #
For a broker that provides access to direct market trading, the minimum deposit requirement of just $250 is a plus. I am quite satisfied that on an ECN account for some pairs the spread is almost zero, and the brokerage commission is only 4 USD in both directions. I did not like the fact that the trade order is not always executed at the requested price. Even when using the ECN network, slippage still occurs. Sometimes I prefer to resubmit the request than to open a market order at a price 2-3 points worse than I would like. There is also an account with Instant Execution, but on it the transactions go through Esplanade Market Solutions, which means a delay in execution.
Carl 2021-11-13 03:00:08 #
I do not advise professional traders to trade with Esplanade MS. Especially if you, like me, hold several orders in a long-term position according to the carry-trade strategy. Esplanade MS has the most unfavorable conditions for swaps, specifically compared with other brokers. Twice as bad, if not more. Because of this, the strategy brings little money at all. Of course, if you are scalping, then this may not concern you.
Keith 2021-08-07 08:13:24 #
I have not read reviews about Esplanade MS, but I trade a lot here already, so I will describe what to expect from a broker.
If you decide to trade here, I would advise you to choose an ECN account. Many are afraid of the commission. I noticed that beginners often prefer a fixed spread. But believe me, it's better to save up funds and trade with a deposit of $ 500 or more, and with a normal position size, where there will be a commission, but the spread is microscopic. Unfortunately, a broker has not yet appeared that would give such a spread without additional commission.
I won't recommend Esplanade MS, but I trade here myself, and I'm not complaining. I made a withdrawal in November last year and in May this year. It passed without delay on their part. In general, the broker is normal.
If you decide to trade here, I would advise you to choose an ECN account. Many are afraid of the commission. I noticed that beginners often prefer a fixed spread. But believe me, it's better to save up funds and trade with a deposit of $ 500 or more, and with a normal position size, where there will be a commission, but the spread is microscopic. Unfortunately, a broker has not yet appeared that would give such a spread without additional commission.
I won't recommend Esplanade MS, but I trade here myself, and I'm not complaining. I made a withdrawal in November last year and in May this year. It passed without delay on their part. In general, the broker is normal.
Ru