No Way Is This Investment Firm Legit

ESSOMILLANNI claims to be an offshore investment company based in Saint Vincent and the Grenadines (SVG). That’s bad news right off the bat but it doesn’t end there.

We also found some complaints against the fraudulent company and its duplicitous scheme. Read our ESSOMILLANNI Review to learn the truth and find out how to protect yourself from cyber scams. 

Legal Info: Is ESSOMILLANNI Legit?

ESSOMILLANNI claims to be an investment company based in SVG, a notorious offshore domain. SVG and Forex don’t belong in the same sentence because trading is not regulated in that jurisdiction. SVG’s Financial Services Authority explicitly says on its website that it regulates only the banking sector.

There is basically no financial market authority overseeing and regulating the monkey business of ESSOMILLANNI. Hence, there is no reason for you to trust this anonymous investment firm or any other SVG-based scammer such as invcenter. 

Instead, find a licensed provider that’s regulated by a reputable financial market authority such as the FCA (UK), CFTC & NFA (US), BaFin (Germany), IIROC (Canada), ASIC (Australia), CySEC (Cyprus), MAS (Singapore), etc. You will thus be entitled to numerous benefits such as negative balance protection, segregated funds, and even a compensation scheme.  

Who Are ESSOMILLANNI’s Victims?

According to godaddy.com/whois, the ESSOMILLANNI website domain was created on September 15, 2021. Since then, the cyber con artist has mainly been offering unregulated Forex trading services to traders residing in the following countries:

We found some complaints from German traders but more about that later. Needless to say, ESSOMILLANNI has no license to operate anywhere. Rest assured that all the ESSOMILLANNI News on the website is fake, fictional.

Jurisdictions with heavy regulations such as Italy and Germany are off-limits to shady offshore providers such as ESSOMILLANNI and orbitrade. The latter is blacklisted so we must urge financial regulators to issue warnings against ESSOMILLANNI as well.    

If you want to learn how to recover your funds from online scams, book a free consultation with us.

Trader Reviews

What do traders think about ESSOMILLANNI? We hopped over to trustpilot.com and scamadviser.com to find out. When there are few reviews and most of them are negative, it speaks volumes about how awful of a scam ESSOMILLANNI really is. Please heed these warnings and don’t give the scammer a dime!

This one is obviously manipulated! You can carry successfully for a while, but at the point where you get into a winning range that would be payable, the trader stops you… So again just a simple scam, but reasonably intelligently done!

• Trustpilot user, March 19, 2023.

This platform is deceptive, fake reviews and very fake promises to lure unsuspecting victims. I has been a victim, incurring a huge sum in debt. No email I sent were returned.

I am putting this out here for everyone to witness and keep away from this platform…

• Scamadviser user, January 3, 2023.

ESSOMILLANNI Trading Assets

According to the company’s website, there are three available asset classes that can be traded:

• Forex currency pairs – EUR/USD, GBP/USD, AUD/JPY…
• Stocks – Boeing, Apple, Nike, Microsoft…
• Crypto – BTC, ETH, LTC, USDT…

To reiterate, the company is not licensed to provide Forex and CFD trading services. You shouldn’t be trading instruments on an unregulated platform. Offshore Forex scams such as ESSOMILLANNI and stockcore often rely on offering super high leverage and attractive spreads. However, this company did not reveal anything about the trading conditions.

If you fell victim to the ESSOMILLANNI Scam, we can help you get your hard-earned money back. 

ESSOMILLANNI Withdrawal Process

ESSOMILLANNI listed several methods that can be used to deposit and withdraw funds:

• BTC;
• ETH;
• LTC;
• PerfectMoney; etc.

The minimum deposit is 10 USD and the minimum withdrawal amount is just 1 USD. The company doesn’t charge any fees. The bad news is that the majority of payment options are cryptocurrencies. Thus, the scammer can accept payments and remain anonymous.

What’s even worse is that such transactions are extremely hard to reverse. You will need professional assistance, which we happen to offer. We can help you by tracing your transaction and making the whole refund process possible. 

Customer Support and Referral Program

ESSOMILLANNI claims to offer 24/7 customer support through email and Telegram. The company states that its email support team will respond to inquiries and questions within 24 hours.

It is also emphasized that users can contact ESSOMILLANNI via Telegram for an instant solution. We must stress that proper customer support, while a positive aspect, does not necessarily indicate the legitimacy of an investment platform. Scammers can also provide responsive customer support as a tactic to gain trust.

The ESSOMILLANNI affiliate program allows participants to earn additional profit by referring new investors to the platform. Commissions are structured based on the deposits made by the investors brought in.

The initial commission rates are as follows: 3% – 2% – 1% – 0.5% – 0.25% from each deposit. These commissions are immediately added to your balance and can be withdrawn. The whole referral program smells like a Ponzi scheme.

Key Information To Consider About ESSOMILLANNI

ESSOMILLANNI is an unreliable offshore investment scam, claiming to be based in SVG. This scammer, active since 2021, mainly targets users from Italy, Germany, and Vietnam.

Please avoid this company at all costs. If you lost money to the ESSOMILLANNI Scam, please contact us for help. Our experts can trace your transaction using CipherTrace, an advanced crypto-tracing software. Once we trace your transaction to a wallet within an exchange, you can request a refund from the exchange.

Here you can book a free consultation and find out what to do for a start.

FAQ Section