Equiti
Pros and Cons
Pros
- Regulated by CySEC and FCA
- Offers 2000+ trading instruments including Forex and commodities
- Supports trading on MetaTrader 4 and 5
- No minimum deposit requirement for trading accounts
- High leverage up to 1:2000 available
Cons
- Offshore regulation under FSA in Seychelles
- High number of user complaints reported
- Withdrawal issues and blocked accounts
- Limited educational resources and market analysis
- High spreads on certain trading instruments
Basic Information
User Reviews
Equiti Overview
Equiti, established in 2008 and headquartered in Seychelles, operates as a regulated forex broker under the oversight of the Cyprus Securities and Exchange Commission (CySEC) and holds an offshore license from the Financial Services Authority (FSA) in Seychelles. This broker presents itself as a global provider of liquidity for forex and CFD trading, aiming to cater to both retail and professional clients. By maintaining compliance with regulatory standards, Equiti strives to foster trust and security among its users, ensuring a reliable trading environment supported by industry-standard practices.
Is Equiti Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Fund |
| Financial Services Authority (FSA) | Seychelles | Segregated Funds |
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds |
Is Equiti Regulated and How Are Client Funds Protected?
Equiti is a regulated broker, licensed by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK, as well as holding a license from the Financial Services Authority (FSA) in Seychelles. This multi-regulatory framework provides a robust structure for oversight and compliance, contributing to its legitimacy as a broker.
Client funds are protected through measures such as segregated accounts, ensuring that clients’ funds are kept separate from the broker’s operational funds. Additionally, clients may benefit from the Investor Compensation Fund in Cyprus, which provides further protection in the event of insolvency. These factors contribute to a safe trading environment, enhancing investor confidence in Equiti’s operations.
Trading Products and Services
What trading instruments does Equiti offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/USD, USD/CHF | 50+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, BP, Vodafone | Many |
| Cryptocurrencies | Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) | Many |
Equiti offers a diverse range of trading tools, covering multiple asset categories including Forex, commodities, indices, stocks, and cryptocurrencies. This wide variety of products caters to different trading styles and preferences, making it suitable for both beginners and experienced traders. With options for high-volatility assets like cryptocurrencies and stable commodities such as gold, traders can create tailored strategies for their portfolios. The availability of numerous asset types enhances opportunities for diversification, allowing traders to manage risk effectively while exploring various market conditions.
Account Types and Trading Conditions
What Account Types and Fees Does Equiti Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners to intermediate traders | No minimum deposit, average spreads of 1.4 pips, $0 commission | Ideal for testing the platform with minimal risk |
| Premier Account | Experienced and high-volume traders | Tighter spreads starting from 0.0 pips, commission of $3.5 per lot | Requires a minimum deposit of $100 |
| Demo Account | All traders | Simulated funds of $10,000, valid for 90 days | Great for practicing strategies before going live |
Account Opening Process
To open an account with Equiti, traders must go through the following steps: First, submit personal, employment, and financial information. This includes providing identity verification documents such as a government-issued ID and proof of address. After the initial setup, users can enjoy flexibility in account management, allowing them to upgrade from a Standard to a Professional account as their trading experience grows.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major currency pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive rates for minor pairs |
| CFDs (Stock Indices) | 1.2 | $0 | Low cost for trading indices |
| CFDs (Commodities) | 1.5 | $0 | Includes gold and oil trading |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable spreads depending on market conditions |
Other Fees
Equiti imposes several additional fees that traders should be aware of: There may be deposit and withdrawal fees, which vary depending on the payment method used. An inactivity fee may apply if the account remains dormant for an extended period. Additionally, there may be platform usage fees if applicable, along with overnight interest (swap rates) for holding positions overnight. Currency conversion fees may also be incurred when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Equiti Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Two-factor authentication, advanced charting tools, economic calendar | Demo accounts, VPS |
| Web Version | Any device with a web browser | Login security, market search, one-click trading | Demo accounts |
| Mobile App | iOS, Android | Biometric login, push notifications, quick order execution | Demo accounts |
Equiti offers a selection of trading platforms catering to various trader needs. MT4 is a robust choice for those interested in forex trading, while MT5 supports multi-asset trading and advanced features. The mobile app provides the flexibility to trade on the go, complete with secure login options and real-time alerts. All platforms are designed to ensure secure trading environments with fast execution and comprehensive market analysis tools.
Equiti’s platforms support secure logins, including options for two-factor authentication and encryption. Mobile trading is emphasized, allowing access to accounts from various devices, ensuring traders can manage their positions effectively. Overall, these features contribute to an efficient trading experience across all offered platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1–2 business days | No platform fee | Min €100, Max €10,000/day | EUR |
| GrabPay | Instant | 1.5% charge | Min 50 SGD, Max 20,000 SGD/day | SGD |
| SPEI | Instant | No platform fee | Min 500 MXN, Max 50,000 MXN/day | MXN |
| Credit/Debit Card | 1–3 business days | No platform fee | Min $100, Max $10,000/day | USD, EUR |
| Bank Wire | 3–5 business days | No platform fee | Min $500, Max $50,000/day | USD, EUR, AED |
Minimum Deposit
Equiti requires a minimum deposit of $100 to open a trading account. This amount is consistent across most payment methods, although specific regions may have varying minimums due to local regulations. For certain account types, such as VIP accounts, the minimum deposit may be higher.
How to Withdraw
To withdraw funds from your Equiti account, follow these steps:
- Log in to your Equiti trading account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the options available.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your request and confirm the details.
- Wait for the processing time specified for your chosen payment method to complete.
Customer Support
Equiti Customer Support Overview
Support Channels
Equiti offers various methods for customers to reach out for assistance, ensuring that help is always accessible. The primary contact methods include:
- Email: Customers can reach support via support.sey@equiti.com, where inquiries are typically addressed promptly.
- Live Chat: For immediate assistance, Equiti provides a live chat feature on their website, allowing for real-time communication with support representatives.
- Telephone: Customers can also contact support via telephone, providing a direct line for urgent matters.
- Social Media: Equiti maintains a presence on various social media platforms, including Facebook and Twitter, where users can seek help and stay updated on company news.
Service Availability
Equiti’s customer support operates 24/6, ensuring that assistance is available almost any time. The support team is multilingual, catering to a diverse clientele, with support offered in several languages, including English, Arabic, and more.
Additional Resources
In addition to customer support, Equiti provides a range of educational resources to assist traders in enhancing their knowledge. This includes:
- Video tutorials on various trading strategies.
- Webinars covering market trends and trading techniques.
- Market analysis and insights to help traders make informed decisions.
- Trading signals to assist in identifying potential trading opportunities.
Equiti’s commitment to quality customer service is reflected in its efforts to provide comprehensive support and resources for traders, enhancing their overall experience.
Frequently Asked Questions
Equiti is regulated by the Cyprus Securities and Exchange Commission (CySEC) and holds a license from the Financial Services Authority (FSA) in Seychelles. These regulatory bodies help ensure compliance with financial regulations and protect clients’ interests.
Equiti prioritizes fund security by holding clients’ money in segregated accounts as per regulatory requirements. This means that client funds are kept separate from the company’s operational funds, which adds an extra layer of protection.
Equiti offers competitive trading conditions, including a minimum deposit requirement of $0, high leverage of up to 1:2000, and average spreads starting from 1.4 pips on standard accounts. Additionally, there are no commissions on trades for the Standard Account, making it accessible for traders of all levels.
If you experience difficulties with Equiti’s customer service, it is recommended to reach out via their official support email at support.sey@equiti.com. They also provide a live chat feature on their website for immediate assistance. If issues persist, consider documenting your concerns and seeking further assistance through regulatory channels.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.