Ester is one of those strange fore brokers whose websites contain no information about account types, nor about trading conditions. Instead, you are offered many different courses to learn the basics of financial markets and a bunch of bonuses.
By downloading Ester’s MT4 platform we found out that the broker offers leverage levels, reaching 1:1000, fixed spreads, and commission-free trading on the MetaTrader 4.
There is also a MetaTrader 5 account with better spreads (0.9 pips on EUR/USD), but there is no information on trading conditions on the broker’s website and this platform is not available in demo mode.
We can’t find anything that seems attractive about Ester forex broker – high fixed spreads, dangerously high leverage levels and offshore registration. That is why we would recommend that you choose a better broker. if you prefer the security of trading with fixed spreads, take a look at easyMarkets’ offerings: first of all, it is licensed by a reputable authority – CySEC; second, its spread for the EUR/USD pair is fixed at 1 pips; and third, with this broker you are able to cancel unprofitable deals with deal Cancellation.
The Company. Security of Funds
ESTER HOLDINGS INC.
Ester seems to stem from former USSR countries, as its website is available in Russian, Ukrainian and English. It claims to offer more than 200 trading instruments, including CFDs on futures and stocks, however we only found currency pairs and precious metals available on its demo MT4 platform.
The company behind the brand, ESTER HOLDINGS INC, is registered on the British Virgin Islands. Although the local Financial Services Commission offers regulated status, it simply registers brokers and allows companies to be entirely based overseas. It does not apply any client protection or other requirements to forex and binary options brokers, nor does it exercise effective supervision. This is usually the case with offshore jurisdictions and that is why we do not recommend investing with offshore brokerages. You’d better choose among brokers regulated in Cyprus, or Australia, for example.
As we have already made clear, Ester offers its clients both MetaQuuotes’ trading platforms – MetaTrader 4, and MetaTrader 5.
The MT4 provides the all necessary tools and features to analyze price dynamics of financial instruments (charting tools, technical analysis indicators), create and use automated trading programs (Expert Advisors), and trade forex and CFDs.
The MT5, on the other hand, is also suitable for stocks trading. After the hedging option was added to it previous year, it gains popularity both among traders and brokerage companies.
Methods of Payment
Ester offers its clients the following payment modes: credit/debit card (Visa, MasterCard), bank wire transfer, and e-wallets WebMoney, Qiwi, MonetaRu, and Яндекс Деньги.
It looks like Ester is another offshore forex and broker that supports both the MT4 and MT5 platform, otherwise provides very limited information on trading conditions. Nonetheless, we find its demo MT4 offerings unattractive, with high fixed spreads.
Ester Review Conclusion
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