Don't let online scammers drain your bank account
Fight back and reclaim your funds!
Fill the form and claim a chargeback now
EssenceFX is an online trading broker owned by Essence Markets Limited. The company is located at Law Partners House, Kumul Highway, Port Vila, Vanuatu.
To contact EssenceFX, their support team can be reached via phone at +85237072209 or by email at support@essencefx.com.
Their website can be found at : essencefx.com
It is essential to exercise caution and conduct deep research before engaging with any online trading platform, including EssenceFX.
To help you make an educated decision, consider checking out our in-depth reviews of two other companies we have recently examined: LVM Exchange and 247SmartFX.
When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution. This will tell you whether they are regulated by a central authority or if you are dealing with an offshore and/or unregulated investment company.
Unfortunately, EssenceFX is not regulated or authorized to operate by any major regulatory authority, which means it will be a difficult process to withdraw from this company if they decide to ignore your request or suspend your account for trivial reasons.
If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
Read more about this topic in our dedicated article: Financial Regulation Authorities.
If you have lost money with EssenceFX, stay calm. It has likely happened to many others, and it its important to learn from these experiences. Do not forget that even the most cautious investors can fall victim to online fraud.
The good news is that there is help available. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – can help you for your chargeback process:
Relying on a reputable service like MyChargeBack is crucial when dealing with online scams, as the typical chargeback process can often be complicated and time-consuming without the proper guidance.
Sonette Le Roux says:
Thank you so much, I have filled out the form. What must I do next
Sonette Le Roux says:
I was convinced by a certain Dr. Sarah, via the Telegram App that I will get a good return on BTC through the EssenceFX Marketing program. It sounded good so I deposited ZAR7000 through their EssenceFX App, which looked very professional. Then they tried to convince me to ‘upgrade’ by depositing even more money, which I refused. After I insisted to withdraw the so-called ‘profit’ , they sent me a fake sms, stating my Bank Details and funds deposited back into my Bank Account, which off-course never appeared in my Bank Account. After I told them that they are a scam, they blocked me from their App, etc. Is there any way that I can get at least some of my money back?
Brandon Linton says:
Hi, sorry to hear about your story, Feel free to fill the form and get help from Mychargeback.
Sonette Le Roux says:
I invested some money in ZAR through EssenceFX after being added to a Telegram Group, thinking that it was a Legit BTC platform. A Dr Sarah and Mr Andre then kept phoning and messaging me through WhatsApp, requested even more money to ‘Upgrade to VIP’, which I didn’t of course, but they promised very high profits and then refused that I withdraw any money. This is very scary and I can’t believe that I actually deposited into this scam. What can I do to get my money back?