ESC-Tx: traders’ reviews and information analysis
ESC-Tx: reviews from traders and information analysis
The Forex market attracts many people with the opportunity for quick earnings. In reality, this is not the case, but brokers are in no hurry to reveal the truth about the complexity of trading. On the contrary, more and more companies are appearing on the Internet, luring with incredible income growth, minimal investments, and professional support. ESC-Tx, a new online broker, invites you to join trading on global markets and become a successful trader. Let’s find out how truthful these promises are and what reviews say in our overview.
Information about the broker ESC-Tx
The organizers have followed the well-trodden path and created a website with a design typical for such resources. There is support in different languages and a minimalist menu.
It is stated that the company has been on the market for 4 years. However, a simple check refutes this claim.
The domain was registered just a year ago, making it unlikely that the company offered its services offline before that.
Let’s see how to contact the broker.
The contacts provided by ESC-Tx are chaotic. Firstly, the address is not recognized even by Google Maps, with minimal name matches.
Secondly, the phone number is Austrian, indicated by the country code +43. However, in Austria, the prefix “0” is used for internal long-distance calls within Austria. It is impossible to reach this number from any other country in the world.
Such fake contacts often indicate that the company does not exist in the real world but is just another one-time project. Reviews confirm that none of the listed contact channels work.
We may get more specific information in the documents. Remember that any financial relationships should be governed by legal documents that specify the parties’ details. These documents are not easy to find on the ESC-Tx website. That’s where they are hidden.
The “User Agreement” does not mention the registration country or address, and there are no details provided. ESC-Tx is just a “company.”
Note that other documents essential for client review are listed in section 2.3. However, these documents are not available on the website, nor is there a section for “Contracts and Regulations.” This means that you are asked to invest money under conditions that are impossible to ascertain.
Another detail: the “User Agreement” and “Refund Policy” are presented only in Russian and English, despite the claimed multilingualism. This often means that the target audience is Russian-speaking, and all this language display is just a distraction.
Accreditations and licenses of the broker ESC-Tx
The organizers loudly proclaim their credentials, even providing license numbers.
Let’s verify the information presented. Starting with the registration, supposedly done in Austria. The European Business Register does not confirm this.
The Cyprus Securities and Exchange Commission’s registry does not list the organization or license number 988/21.
We checked the register of the financial regulator of Belize, and ESC-Tx is not listed there either.
The Financial Services Commission of the Republic of Mauritius also did not issue a license to this company.
So, we have a broker with fake registration, without licenses, boldly lying about their existence. This is not even surprising; it is evident that we are dealing with scammers who are, of course, not registered with the Central Bank of the Russian Federation.
It should be noted that obtaining a license from this authority is mandatory for companies providing brokerage services to citizens of the Russian Federation.
Review of accounts and offers for traders
What does the broker ESC-Tx offer its clients? Not just a few things, but more than 150 trading instruments, deposit insurance, 24/7 support, and so on.
To access all this, you need to register, upload identity documents, and immediately fund your account (no, no demos). There are three types of accounts to choose from.
With a minimal deposit, a significant portion of the features is unavailable, forcing consideration of the last two options. Also, it is worth noting the leverage: following the best traditions of black brokers, its size exceeds the recommended level by 10 times.
There is no further information on trading conditions. The “User Agreement” briefly mentions some commissions and other costs, but there is no corresponding document with explanations, of course.
Reviews about the broker ESC-Tx
The resource is still very raw and, frankly, unattractive. Perhaps that’s why there are few reviews at the moment. But those available are very eloquent.
It is surprising that we could not find a single positive review. This means that the organizers did not even start working honestly but immediately began deceiving trusting traders.
Scam scheme at ESC-Tx
Reviews reveal that the managers of this scam call clients first and start their processing. Therefore, they obtain contacts from social networks, specialized forums, or purchase these databases. In any case, the scheme looks like this:
- A polite operator calls a potential client and talks about the fictitious advantages of ESC-Tx, persuading them to open an account,
- The user registers, deposits money, starts trading (at this stage, support is indeed 24/7 to prevent the victim from escaping),
- After some time, the account is blocked, and the entire amount remains in the scammers’ account,
- Contact is lost, the deceived trader is left with nothing and writes negative reviews online.
Potentially profitable clients may be scammed for a longer period, allowing them to earn on trades from time to time. However, the outcome is always the same: the money cannot be withdrawn, and the scammers eventually disappear.
Conclusion: why you should not trust ESC-Tx?
Upon inspection, we found that the Forex broker ESC-Tx is a non-existent company created to scam as many investors as possible and disappear with their money. Fake contacts, fabricated licenses, absence of legal documents, high leverage, and reviews from deceived clients point to this. Be cautious and avoid dealing with this scam.