essentrafinance.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: essentrafinance.com.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. essentrafinance.com said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dedicated account manager|Full transparency
Cons: Minimum deposit could be lower|Inactivity fee applies after 12 months
essentrafinance.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Tax reports included|Economic calendar|Market news feed|Regular updates
Cons: None so far
I found essentrafinance.com from a blog post comparing services and the initial impression was positive. But for over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Full transparency|Economic calendar|Two-factor authentication|Dedicated account manager
Cons: Account statements could be more detailed|No live chat on mobile
I have been trying to close my account with essentrafinance.com for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Real-time alerts|Easy withdrawals
Cons: Desktop app not available on Linux
essentrafinance.com had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Easy withdrawals|Multiple order types
Cons: Limited social trading features|Cannot customize dashboard fully
I requested my data from essentrafinance.com under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Personal attention|Portfolio tracking tools
Cons: Search feature is basic
essentrafinance.com offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast support response|Excellent charting|Easy withdrawals|Helpful community forum
Cons: Minimum deposit could be lower|Slow to add new assets
The spread at essentrafinance.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them when my bank disappointed me and I searched for alternatives and initially thought the platform was good - until I started trading seriously.
Pros: Competitive fees|Instant funding|High security standards|Helpful community forum
Cons: Wish they had more educational resources|Limited cryptocurrency options
I gave essentrafinance.com a fair chance. After for a couple of months now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Dividend tracking|Multiple order types
Cons: Would like more payment methods
My card was charged twice by essentrafinance.com on the same day. I had to dispute it with my bank. essentrafinance.com then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Comprehensive tools|Dedicated account manager|Good mobile app
Cons: Charting tools need more indicators