Equiti, as the name applies, is an equity-specialized brokerage platform that isn’t limited to just stock trading. It also offers CFD trading on Forex, Indices & Commodities. Today, we will take it on this broker through our in-depth Equiti Review 2023.
Founded in 2010, the broker has made a stronghold in the industry with its proven track record, 24/6 dedicated client support, and the awards & accolades it received.
But before you get started with this platform, it’s important to know – Does it suit your requirements? Is it trustworthy? Well! Our Equiti Review 2023 will help you get a clear overview of the broker service so you can make an even more informed decision.
Through this review, we will run an assessment test on the broker’s services based on the types of financial instruments it offers for trading, the trading platforms and tools that are available, the fees and commissions it charges, and the overall customer service and support.
What Is Equiti? An Introduction to Broker’s Services
It is a global CFD broker offering services to individual, corporate, and institutional clients. It uses NDD and bridged ECN execution model to offer CFD trading on forex, commodities, indices, and shares.
The broker allows access to MetaTrader 4 and MetaTrader 5 trading platforms, which are popular among traders due to their user-friendly interface and advanced features such as custom indicators and automated trading strategies.
The broker’s website & its other entities operate under Equiti Group Ltd, a pioneering fintech firm registered with limited liability under the laws of the Hashemite Kingdom of Jordan under registration number 50248.
Equiti Scam Report: Can This Broker Be Trusted?
As a multiple regulatory license holder, Equiti made itself counted among the safest forex & CFD brokers. Its operating licenses span across Europe, the Middle East, Asia and Africa. Let’s check out the broker’s global entities, along with their regulations, through this detailed Equiti Review 2023.
- Equiti Capital UK Ltd – UK’s Financial Conduct Authority
- Equiti Group Limited Jordan – Jordan Securities Commission
- Equiti Securities Currencies Brokers LLC – UAE’s Security and Commodities Authority
- EGM Securities – Capital Markets Authority
- Equiti Brokerage (Seychelles) – Seychelles Financial Services Authority
- Equiti AM – Central Bank of Armenia.
Considering the broker’s regulatory licenses & proven track record, we can consider it the safest and legit broker. Thus, our detailed assessment report rules out any scam-related misconceptions about this broker.
How Safe Is Equiti Broker?
Our safety report from Equiti Review 2023 indicates the broker is safe to trade with. In addition, the transparency in pricing and Client Funds Insurance upto $1,000,000 offers a sense of relief to new traders in terms of safety.
Now that most of the doubts about the broker’s safety are clear, let’s move forward to find out information about its products.
What Products Does Equiti Offer To Trade In?
As said, Equiti’s list of underlying assets isn’t limited to just stock trading. It offers to trade CFD on 300+ underlying assets across four global markets, including.
- Australia 200
- China A50
- China H-Shares
- EU Stocks 50
- France 40
- Germany 30
- Hong Kong 50
- Brent Crude Oil
- Gold Vs Euro
- Gold Vs Lira
- Gold Vs US Dollar
- Silver Vs Euro
- Silver Vs US Dollar
- WTI Crude Oil
- US Shares (3M, Abercrombie, Activision, AirBNB & Alphabet)
- EU Shares (Adidas, Airbus, Allianz & BMW)
- UK Shares (AO, AVIVA, Glaxosmith & HSBC)
The platform’s product offering is great; however, the lack of Cryptocurrencies may disappoint traders. Overall, we can term it as a complete brokerage package.
Equiti Account Types & Specifications
The platform offers a variety of account types to meet the needs of different traders. Each of these accounts offers a distinct feature & their minimum deposit requirements also vary. Here are the available Equiti trading account types:
Demo Account: This is a free-to-use practice account that allows new traders to test the trading platform and try out different strategies without risking real money.
Executive Account: This is an entry-level account that requires a minimum deposit of $500 and allows you to trade a wide range of instruments, including forex, commodities, indices, and cryptocurrencies.
Premiere Account: This account is designed for traders with good experience in the financial markets and meets specific financial criteria, such as a high net worth or a high trading volume. It offers higher leverage & lower spreads than the Executive account.
If you’re still unsure which account will better suit you, look into the comparison table for more in-depth insights into the available trading account.
|Features||Executive Account||Premiere Account|
|Spreads||Starts from 1.4 pips*||Starts from 0.0 Pips|
|Maximum Leverage||1:500 for forex and precious metals, 1:200 for CFDs, 1:20 For Equities||1:500 for forex and precious metals, 1:200 for CFDs, 1:20 For Equities|
|Stop out Level||30%||30%|
Equiti Sign-Up Process: Step-By-Step Procedure For New Live Account Setup?
Now that you have decided to open a live trading account on Equiti, consider following these simple steps for a hassle-free & quick account registration process.
- Visit www.equiti.com and click on the “Open Account” icon.
- Choose the type of account, such as an executive or a premiere account.
- Fill out the online application form with your personal and contact information, as well as your financial and trading experience.
- Apply and wait for the approval. The process may take anything between a few hours to a few days. In between, the platform may require additional documentation, such as a copy of your ID or proof of address, to verify your identity.
- Upon account activation, you will receive an email with instructions on how to fund your account and access the trading platform.
- After depositing funds into your account, you can start trading on the platform.
Equiti Fees Overview
The platform claims to offer the Industry-lowest fee structure. It uses both spread & commission models for charging fees on trade orders placed. However, our report found these charges to be nominal.
Through this detailed Equiti Review 2023, we have tried to give precise information on the broker’s fees in the most simplified way possible. So let’s take a look:
While the typical spreads in executive account range between 1.6 and 2 pips, It gets even lower for premiere accounts, i.e., 0.2 pips for major pairs.
The platform charges a commission on forex pairs and precious metals only, which is $70 per $1 million and $7 per standard lot, respectively. All other instruments & Executive account doesn’t incur any commission charge.
Apart from trading fees, the platform also charges a variable SWAP fee for overnight opened positions. Meanwhile, there is also an inactivity fee for inactive accounts for 180 days.
Deposits & Withdrawals Conditions At Equiti Broker
The platform offers plenty of payment options for fund deposits and withdrawals. While detailed information wasn’t available on its official website, we still managed to find good information on its deposit & withdrawal conditions. So let’s have a look at them through Equiti Review 2023.
Available Payment Options For Deposits & Withdrawals
- Bank Transfers
- Credit Cards and Debit Cards
- Local Payment Solutions
- Equiti PrePaid Mastercard
Equiti Minimum Deposit & Withdrawal Requirements
The platform’s minimum deposit requirements are as follows: $500 for an Executive account and $20,000 for Premiere Account. Meanwhile, there is no minimum limit for requesting withdrawals on the platform.
Equiti Review 2023: Maximum Leverage & Margin Requirements
The maximum leverage this broker offers varies depending on your chosen account & tradable instruments. Here’s a complete overview of its leverage & Margin requirements.
- 1:500 – forex and precious metals
- 1:200 – CFDs
- 1:20 – Equities
- Executive Accounts – 30%
- Premiere Account – 30%
What About Equiti Trading Platforms & Their Specifications?
The broker offers services through two of the most advanced trading platforms: MetaTrader4 & MetaTrader5. Both platforms are renowned for their user-friendliness & advanced trading tools.
Regarding the user interface, the website and Equiti app both have great UX & clean interface. We didn’t find any bugs & click response was beyond our expectations.
Let’s understand the complete specifications of each of these platforms through our detailed Equiti Review 2023.
MetaTrader4 (MT4) – Web & Mobile App
- In-depth trading histories
- 30 advanced charting tools
- 50 technical indicators
- 9+ timeframes
- Automated trading capabilities through Expert Advisors (EAs)
MetaTrader5 (MT5) – Web & Mobile App
- 40 technical indicators
- Plenty of charts,
- Instant and pending orders
- In-depth technical analysis
- 21+ timeframes
- Automated trading capabilities through Expert Advisors (EAs)
Is Equiti A Beginner-friendly Broker Or More Towards Professionals?
The platform seems to be suited to both beginner & expert traders. For newbies, it offers a free demo account for practice and plenty of educational resources to help them improve their skills and stay up-to-date on market developments. The platform offers a dedicated ‘Academy’ section which includes
For expert traders, it offers a comprehensive research toolset that includes
- Latest News
- Technical Reports
- Economic Calendar
- Market Wrapup
- Expiry Dates
Equiti Customer Support Services Reviewed
The after-sales services of the broker are commendable. For any queries related to account opening, trading, deposit, or withdrawal, it offers dedicated email & phone support. Alternatively, there is an FAQ section and WhatsApp chat option too.
The accuracy & responsiveness of the Equiti customer support team is appreciated; however, we suggest they should reduce the wait time, which is usually 5 minutes.
Anyway, you can contact the customer support team via
- Email: firstname.lastname@example.org
- Phone Number: +962 6 550 8305
Pros & Cons
|Advanced Trading Tools||Lacks Crypto Trading|
|24*7 Professional Customer Support|
|Hassle-free & Quick Account Sign Up|
|Long list Of Supported Payment Options|
Final Verdict On Equiti Review 2023
The detailed assessment report of Equiti Review 2023 indicates the broker is a good choice for both beginner & professional traders.
To conclude this review, here’s a quick recap of the broker’s services – the platform passed our scam test based on its multi-regulations, the deposit & withdrawal conditions are commendable, the fees are according to industry standards and the trading platforms are advanced & straightforward enough that they suit both beginner & expert traders.
Overall, the broker can be termed a complete trading package. However, we still suggest the platform to incorporate Crypto trading and lower the minimum deposit requirements.
How Do You Trade With Equiti?
- Click on the currency pair in the ‘Market Watch’ window
- Choose “New Trade” in the toolbar, or
- Press the F9 key on the keyboard.
- Alternatively, you can also enable ‘One-Click Trading.’
Is Equiti Broker Legit?
Yes, the broker is fully licensed and legit as it holds multiple regulations from the UK’s Financial Conduct Authority, Jordan Securities Commission, UAE’s Security and Commodities Authority, Capital Markets Authority, Seychelles Financial Services Authority and Central Bank of Armenia.
How To Deposit Funds In Equiti Trading Account?
- Log in to your trading account: You must provide your account details, such as Equiti login credentials, to access your account.
- Click on the link to the deposit page in your account dashboard or the website’s main menu.
- Select a deposit method and provide the required information
- Review the deposit details, including the amount and the deposit method, before submitting the request and confirming the transaction.
How To Withdraw Money From Equiti Account?
- Log in to the Client Portal and select the “Withdrawals” option.
- Now, choose your preferred payment method.
- Enter the withdrawn amount
- After entering your portal password, you can submit your request.
Is Equiti Regulated?
The broker holds multiple regulations from the UK’s Financial Conduct Authority, Jordan Securities Commission, UAE’s Security and Commodities Authority, Capital Markets Authority, Seychelles Financial Services Authority and Central Bank of Armenia.
How To Delete Equiti Account Manually?
There is no way you can delete your trading account manually. Instead, you must contact the customer support team with a valid reason. Your request will get processed in 3-5 working days.
How Does Equiti Work?
The broker allows traders to place trade orders through its advanced trading platforms. For brokerage services, it charges a specific fee in spreads & commissions.
Is Equiti Demo Account Free To Use?
Yes, the demo trading account is free-to-use; traders can access upto $10,000 in virtual funds.