Here’s an honest Essex Group Incorporated review worth reading before investing with essexg.com.
Essex Group Incorporated is another fraudulent platform masquerading as a legitimate and award-winning broker. The company’s website purports to enable you to trade currency pairs, cryptocurrencies, indices, metals, energies, futures, shares, and swaps. Available in Polish by default, but switchable to English, essexg.com looks very professional and even boasts Live Chat. This gives a false impression that the Essex Group offers top-notch Customer Support. As such, you’d easily think that it’s an authentic brokerage firm. But nothing can be further from reality than the false impression that Essex is a true broker.
To be sincere, Essex Group Incorporated is a scam group that has invested in a professional-looking platform and PR to lure you. In this honest and unbiased Essex Group review, I’ll be revealing several proofs to back up my claims. Before getting into that, here’s the company summary table according to the information available on the company’s website:
| Company | Essex Group. |
| Website | essexg.com. |
| Physical Address | Kay Fiskers Pl. 9, 2300 København, Denmark. |
| Telephone Number | +48725462757. |
| Email Address | support@essex-grp.com. |
| Trading Instruments | Currency pairs, cryptocurrencies, indices, metals, energies, futures, shares, and swaps |
| Account Types | Real accounts. |
| Real Account Types | Standard.Bronze.Silver.Gold.Platinum. |
| Demo Trading Accounts | N/A |
| Minimum Deposit | Undisclosed |
| Leverage | Depends on the account type: Standard—1:100.Bronze—1:200.Silver—1:300.Gold—1:400.Platinum—1:400. |
| Swap Discount | Depends on the account type: Standard—N/A.Bronze—10%.Silver—15%.Gold—25%.Platinum—50%. |
| Deposit and Withdrawal Options | Major credit/debit cards(including MasterCard and Visa), global wire transfers, and e-wallets. |
| Licensing and Regulation | Unlicensed and unregulated. |
1. Essex Group Incorporated Does Not Disclose Minimum Deposit
The first red flag is that the Essex Group incorporated doesn’t disclose their minimum deposits. This broker lacks transparency, raising suspicion and concerns about their authenticity.
As you may already know, a broker who isn’t upfront with important information tends to be a scammer. After all, lack of transparency is typically one of the top characteristics of scam brokers as I explained in my Trenixo review post.
2. Website Provides False Information
The company’s website cites København, Denmark as the place where the Essex Group is located. On the contrary, it gives a telephone number with Poland’s dialing code i.e. +48, suggesting that the telephone number is registered and working in Poland. From this conundrum, any skeptical person can tell that this so-called broker operates from Poland as opposed to Denmark. Yet their website makes you believe that the company conducts its business operations from København, Denmark.
Only scam brokers provide misleading information about their physical locations. They normally do so to evade authorities and detection, confuse and obfuscate gullible and unsuspecting investors, among many other reasons.
As if that were not enough, the company website gives a false launch date. Essexg.com shows that the company website launched in 2020 as you can see in the screenshot below:
A screenshot image shows that Essex Group Incorporated or essexg.com launched in 2020.
However, Scamadviser and other scam checker websites show that the website was published only 6 months ago. This indicates that the broker provides misleading information. As I said earlier, a broker who isn’t truthful is typically a scam.
3. The Essex Group Is Unlicensed and Unregulated
This broker doesn’t display any registration details on their website. Meaning they are not registered or regulated by any regulatory authority, another red flag. In my experience, all unlicensed and unregulated brokers are scammers. All scam brokers that I’ve exposed on Scamreader, from Trenixo to BlueStars FX are neither licensed nor regulated. After all, which regulatory authority would license and oversee a scam broker?
4. Scamadviser Report
Scamadviser warns that essexg.com is a suspicious website. Though the platform has a few favorable reviews, the scam checker website gives it a trust score of 47 out of 100. The site warns that this website shares the same registrar with several spammers and scammers. It further points out that it suspiciously has a very high number of reviews despite being a very young site. Notably, all these are typical characteristics of scam broker websites.
5. Trustpilot Report
Trustpilot gives essexg.com a high trust rating of 4.1 stars. There are five customer reviews, four of which give this so-called broker 5 stars whereas the final review gives it 4 stars. Written in Polish, all the reviews give positive feedback about the broker, suggesting that they are authentic. However, these Trustpilot Essex Group reviews don’t seem legit, taking into account the fact that all of them praise this broker. A genuine broker will receive both positive and negative reviews since clients usually have different expectations and experiences with brokers.
6. YouTube Reports
The Essex Group is a fairly new scam platform that hasn’t come to the attention of many YouTube channels. After all, the domain was only 3 months old, at least at the time of writing this Essex Group review.
Regardless, two YouTube channels have provided honest feedback regarding this broker.
For example, the Broker News channel reported that Essex Group provides illegal trading services to unsuspecting Polish traders. Similarly, the Industry Trend YouTube channel warned that it’s a scam that’s not regulated by any governing agency and could abscond with your hard-earned money without any repercussions.
My Final Verdict On Essex Group Incorporated(essexg.com)
The Essex Group is one of the latest scam brokers in town. This fake broker is unlicensed and unregulated, deceitful, and reported by Scamadviser as a suspicious website. Several YouTube channels also warn that this broker is fraudulent.
Don’t be deceived by Trustpilot’s misleading positive reviews of the company or Essex Group management. After all, Trustpilot is no longer considered a completely accurate review platform nowadays.
I hope this independent Essex Group review helps you stay away from this fraudster.
Pursue Lost Funds
Go here.