⚠️ Essplace.com — A Scam Broker with a Fake License IntroductionThe internet is flooded with new so-called “brokerage platforms” that promise quick profits and professional investment support. One such platform is
essplace.com. Despite its sleek website and confident claims of licensing, this is a textbook example of an
investment scam. Below, we will explain why
essplace.com is a fraudulent project and how it can endanger unsuspecting users.
No Real LicenseThe essplace.com website mentions having a “license,” but:
- There are no links to any financial regulator where the license can be verified.
- No registration number confirming the company’s legal or regulated status is provided.
- A search in official regulator databases (FCA, CySEC, ASIC, BaFin) returns no results for this broker.
This is a classic scam pattern: the website
pretends to be regulated, but
no legitimate authority recognizes it. These so-called “licenses” are
completely fake, designed only to gain victims’ trust.
Suspicious Calls and SMS After VerificationUsers report that after signing up and uploading documents for identity verification:
- They start receiving persistent phone calls from unknown numbers;
- They receive SMS messages aggressively encouraging them to deposit money;
- Callers use psychological pressure, manipulation, and intimidation tactics.
This strongly suggests that
personal data is being shared with third parties — a major red flag of scam operations.
Manipulated Profits and Fake TradingEssplace.com uses a familiar fraudulent tactic:
- At first, users are shown fast “profits” on demo accounts or after their initial deposit.
- Then, they are urged to deposit more, with promises of even greater returns.
- When users try to withdraw funds, they face delays, refusals, or demands for extra fees.
This proves there is
no real trading happening. The numbers shown on the site are just
fake visual elements designed to simulate success and deceive victims.
Negative Reviews and No Legal ProtectionIndependent forums and review sites have
multiple warnings from users who lost money on this platform. Common complaints include:
- Inability to withdraw funds;
- Account blocks after requesting payouts;
- Customer support ignoring users;
- Accounts being deleted without explanation.
Essplace.com bears
no legal responsibility, because:
- It is not registered in any regulated jurisdiction;
- There is no compensation fund;
- Complaints to financial authorities lead nowhere — the “broker” simply does not legally exist.
Conclusion: It’s a ScamAll the signs clearly show that
essplace.com is a scam operation. Key takeaways:
- No verified license from a legitimate financial regulator;
- Aggressive and suspicious communication after collecting user data;
- Manipulated balances and blocked withdrawals;
- Zero legal transparency or user protection;
- Widespread user complaints and scam warnings online.
We strongly advise:
do not register on essplace.com,
do not go through verification, and
never deposit money there.
If You’ve Been Scammed: Take ActionIf you’ve already interacted with this platform:
- Save all emails, chats, screenshots, phone numbers.
- File a report with your country’s financial regulator.
- Report the incident to your local cybercrime unit.
- Contact legal organizations or services that specialize in fund recovery from online scams.