Equiti Review: Scam Or Legit? | Find Out Here 2024

EQUITI
Earn your financial freedom with a regulated broker
Is Equiti a scam? Are they legit? Find the answers to all these questions and more in this guide.
Summary

Equiti is a major forex broker and has received a lot of praises from Intelligence Commissioner users. They have established themselves as an industry leader.

Equiti is a top online FX and CFD trading broker known for its diversified financial instruments and reliable trading services. Equiti is a popular choice among traders worldwide due to its affordable pricing, high leverage choices, innovative trading platforms, and substantial training materials. Its regulatory compliance and great customer service contribute to a safe and efficient trading experience.

We suggest working with a trustworthy broker with specialized staff, latest tech and most importantly, customer-centric trading conditions. After reviewing 1000+ brokers, we rank the following company as the best:

1

Key Takeaways

Equiti has several major red flags
Equiti website owner is anonymous
Vague terms of service
2

Is Equiti Regulated? Do They Have a License?

Equiti is a well-known name in the field of online FX and CFD trading, providing a diverse range of financial instruments and trading services. Equiti, a global broker, has carved out a position for itself by offering traders strong trading platforms, reasonable pricing, high leverage choices, and a wide range of training tools. This article dives into the different factors that make Equiti a popular choice among traders around the world.

Equiti’s diverse trading product offering is one of its most notable aspects. Traders can access a wide range of financial products, including FX pairings, commodities, indices, stocks, ETFs, cryptocurrencies, and precious metals such as gold, silver, platinum, and palladium. Equiti also offers futures trading, which allows traders to speculate on the future price movements of a variety of assets.

This diverse range of products enables traders to diversify their portfolios and pursue multiple trading opportunities across various asset classes. Whether a trader is interested in the high liquidity of forex markets or the volatility of cryptocurrencies, Equiti provides the tools to efficiently participate in these markets.

Equiti Homepage


Checking the regulatory status of a forex broker is essential. However, there are multiple tiers of regulation as well.

Some popular regulatory authorities include FCA and CFTC.

Whether its Equiti or another forex broker, it’s best to check if they are regulated by one (or more) of these authorities:

Commodity Futures Trading Commission (CFTC) – United States:

The CFTC is an independent agency of the U.S. government that regulates the futures and options markets. It also oversees the forex market, particularly ensuring the integrity of transactions and protection against fraud and manipulation.

National Futures Association (NFA) – United States:

The NFA is a self-regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency, and OTC derivatives. It ensures that every firm or individual conducting futures and forex business with the public must be registered and must comply with strict standards.

Financial Conduct Authority (FCA) – United Kingdom:

The FCA is a financial regulatory body in the UK that oversees financial markets, including forex. It ensures that financial markets operate with integrity and that consumers are protected.

Australian Securities and Investments Commission (ASIC) – Australia:

ASIC is an independent Australian government body that acts as Australia’s corporate regulator. It oversees financial markets and services, ensuring that financial markets are fair and transparent, and it also regulates forex brokers.

Financial Services Authority (FSA) – Japan:

The FSA in Japan oversees banking, securities, and exchange, as well as insurance sectors to maintain the stability of Japan’s financial system. It regulates forex trading and brokers to ensure the protection of investors.

Swiss Financial Market Supervisory Authority (FINMA) – Switzerland:

FINMA is responsible for financial regulation in Switzerland. It oversees banks, insurance companies, and financial markets, including forex brokers, ensuring they operate within a secure and transparent framework.

Cyprus Securities and Exchange Commission (CySEC) – Cyprus:

CySEC is the financial regulatory authority of Cyprus, which is a popular jurisdiction for forex brokers. It supervises and controls the operation of the Cyprus Stock Exchange and regulates forex brokers to ensure compliance with international standards.

Investment Industry Regulatory Organization of Canada (IIROC) – Canada:

IIROC oversees all investment dealers and trading activities on debt and equity marketplaces in Canada, including the forex market, ensuring that firms adhere to high standards of conduct.

Monetary Authority of Singapore (MAS) – Singapore:

MAS is the central bank and financial regulatory authority of Singapore. It oversees various financial institutions and markets, including forex, ensuring they are well-regulated and stable.

Financial Sector Conduct Authority (FSCA) – South Africa:

The FSCA is responsible for market conduct regulation and supervision of financial institutions in South Africa, including forex brokers, to ensure fair treatment of customers and the integrity of financial markets.

These regulatory bodies play a crucial role in maintaining the integrity of the forex market by enforcing rules and regulations, ensuring transparency, and protecting traders and investors from fraudulent activities.

Checking the regulatory status of brokers like Equiti is quite beneficial. It inspires trust in the brand.

3

Trading Conditions and Deposit/Withdrawal Methods at Equiti

Equiti provides its clients with a variety of robust trading platforms, each tailored to satisfy the different demands of traders. The popular MetaTrader 4 (MT4) platform is a must-have for many traders due to its advanced charting capabilities, automated trading features, and extensive technical analysis tools. For customers looking for a more modern approach, Equiti’s proprietary EQTrader web platform provides a customized and user-friendly interface that improves the trading experience.

Equiti Features


Equiti supports MetaTrader 5 (MT5) in addition to MT4 and EQTrader, which provides more timeframes, in-depth analysis tools, and enhanced trading capabilities. The Equiti Trader mobile app allows traders to manage their positions and watch the markets while on the road, giving them greater flexibility and convenience.

Equiti provides leverage up to 1:2000 on chosen goods, allowing traders to considerably expand their market exposure. High leverage can boost possible rewards, but it also raises danger. As a result, traders must grasp the ramifications of utilizing leverage and manage their risk accordingly. Equiti’s high leverage options are suitable for both aggressive traders seeking to maximize returns and more conservative traders who may utilize leverage sparingly.

Equiti is noted for its low pricing structure, which provides spreads starting at 0.0 pips and no platform fees. This straightforward and cost-effective pricing mechanism appeals to both novice and seasoned traders. Lower trading expenses can boost overall profitability, particularly for high-frequency traders who make a lot of trades.

Equiti prioritizes trader education, offering a multitude of resources to assist clients improve their trading skills. These resources include free analytics from in-house specialists, seminars, workshops, and how-to trading guides. Equiti’s teaching tools enable traders to make informed decisions and develop profitable trading strategies.

Equiti serves a diverse clientele by providing many account types tailored to the demands of various traders. Equiti has an account choice to suit any trader, whether they are new to the market or have several years of experience. Minimum deposit requirements, leverage, and access to premium services are among the elements that distinguish these account kinds.

Equiti Account types


Equiti, a worldwide broker, has a strong presence in a number of regions around the world. The company is regulated by several financial authorities, which ensures a high level of security and compliance. This regulatory control gives traders piece of mind, knowing that their assets are safe and that the broker follows strict industry standards.

Equiti provides round-the-clock customer service in many languages. Multi-language assistance is critical for a global broker since it allows traders from all over the world to successfully connect with the support team. Equiti excels in providing prompt and efficient customer service, which is a sign of a trustworthy broker.

Equiti accepts a variety of deposit and withdrawal methods, including bank cards, wire transfers, and electronic wallets. This versatility in payment alternatives makes it easier for traders to replenish their accounts and withdraw earnings. The availability of numerous payment methods meets the interests and needs of a global customer.

Equiti’s trading platforms include complex features including economic calendars, market data, and configurable monitoring lists. These tools give traders the necessary information and analytical ability to make sound trading decisions. The integration of these capabilities into trading platforms improves the overall trading experience, allowing traders to stay up to current on market trends and occurrences.

Forex trading is a significant part of Equiti’s offering. The broker offers access to a diverse set of currency pairs, including major, minor, and exotic currencies. The forex market is known for its strong liquidity and constant operation, making it a popular choice among traders. Equiti’s competitive spreads and high leverage options make forex trading more tempting.

Equiti also trades commodities and indices besides FX. Commodities like oil, natural gas, and agricultural items allow traders to diversify their portfolios while also hedging against inflation. Indices, on the other hand, enable traders to bet on the performance of a collection of stocks that reflect a specific market segment or geographic region.

Equiti’s share and ETF trading platform provides traders with exposure to specific firms as well as diverse portfolios of assets. This is especially appealing to traders who want to invest in specific sectors or businesses. Equiti’s platform gives traders access to a diverse choice of stocks and ETFs from global marketplaces, allowing them to profit on a variety of investment opportunities.

Equiti provides trading on prominent digital currencies such as Bitcoin, Ethereum, and Litecoin. Cryptocurrencies are known for their volatility, which can lead to both high risk and high return chances. Equiti’s platform gives you the tools you need to successfully navigate this volatile market.

Trading precious metals such as gold, silver, platinum, and palladium helps protect against economic uncertainty and inflation. Equiti’s offering in this area enables traders to diversify their portfolios using safe-haven securities. Futures trading also allows traders to bet on the future prices of numerous commodities and financial instruments, increasing the flexibility and possible profitability of their approach.

You should always check the trading conditions of a forex broker.

That’s primarily because they have a direct impact on your potential returns. Moreover, each forex broker such as Equiti has distinct trading conditions.

A major part of checking the trading conditions of a broker is to verify their deposit and withdrawal methods.

In the case of Equiti withdrawal, you can see that there are multiple options available.

It makes them accessible to traders. Furthermore, it ensures that people can trade freely.

Some major aspects to keep in mind are:

1. Spreads:

  • Fixed Spreads: These remain constant regardless of market conditions. They are generally higher than variable spreads but provide predictability in trading costs.
  • Variable (Floating) Spreads: These fluctuate based on market volatility and liquidity. They can be lower than fixed spreads during normal market conditions but can widen significantly during high volatility.

2. Leverage:

  • Leverage allows traders to control a larger position with a smaller amount of capital. It is expressed as a ratio (e.g., 100:1, 200:1). Higher leverage can amplify both potential profits and potential losses.

3. Margin Requirements:

  • Margin is the amount of money required to open a leveraged position. Brokers set margin requirements based on the leverage ratio. For example, with 100:1 leverage, a $1,000 position would require a $10 margin.

4. Minimum Deposit:

  • The minimum amount required to open an account varies by broker. Some brokers offer accounts with no minimum deposit, while others may require hundreds or thousands of dollars.

5. Trading Platforms:

  • Brokers provide various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and proprietary platforms. The choice of platform affects the tools, charts, and features available to traders.

6. Execution Methods:

  • Market Execution: Orders are executed at the best available price in the market. There may be slippage, especially during high volatility.
  • Instant Execution: Orders are executed at the price shown on the platform. If the price changes before execution, the order may be rejected (requote).

Keep in mind that shady forex brokers stop making payments and keep the money to themselves. Hence, you should always check the broker reviews to see if the broker’s payment methods work properly.

We recommend working with a reliable and trusted broker.

4

Equiti Customer Service: Do They Handle Complaints Well?

Good customer service is vital for any trader.

You should always check if a forex broker remains accessible to its customers and whether it offers multiple contact channels or not.

The most popular ways for recent customers are live chat and email.

While email is becoming a bit obsolete, it is still among the most common methods for a customer to contact the support staff of a broker.

In the case of Equiti, it’s clear that they offer proper customer support with a significant variety of ways to contact them.

According to multiple users, Equiti’s customer support is quite active and responds promptly to general queries and grievances.

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5

Equiti Reviews: What Do Others Say?

Based on user-submitted reports, most of the Equiti reviews are quite positive.

Customers praise the company for its prompt customer service and trader-friendly conditions.

However, it’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.

While Equiti doesn’t seem like a shady broker, many others rely on fake reviews to increase their credibility.

TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.

That’s why we recommend doing extensive research on forex brokers before finalizing your selection.

It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.

In the case of Equiti, however, we noticed that their reviews are legitimate.

Unlike their competitors, it seems Equiti has put in a lot of resources into providing its traders with specialized customer service. This way, their customers remain happy and satisfied with their experience.

Also, we didn’t notice many significant Equiti complaints. However, if you have any Equiti reviews to share, feel free to contact us or share them in the comment section.

Equiti reviews coverage


You should always look out for consumer complaints. The most common complaints in forex are usually regarding:

  • Poor customer support
  • Delays in payments
  • High fees
  • Lack of transparency regarding their leadership team
  • Aggressive sales staff

Do you have a similar complaint about Equiti? You can share your complaint in the comment section or submit an anonymous tip.

6

Is Equiti Legit Or a Scam?

Equiti is a regulated entity. They are licensed and operate under the watch of a major financial regulator.

So, it’s clear that Equiti is a legit forex broker.

Equiti  MT4 advanced Trading


You should avoid working with unregulated brokers. The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind the unregulated broker can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.

However, that’s not the case with Equiti. It’s clear in our Equiti broker review that they are a legitimate entity and enjoy a positive reputation in the market.

Can You Trust Equiti?

Equiti stands out as a comprehensive and versatile FX and CFD broker, providing a diverse selection of trading products and services to meet the demands of both novice and experienced traders. Equiti offers modern trading platforms, competitive pricing, high leverage choices, and substantial training materials to help traders succeed.

The broker’s global presence and regulatory control ensure a secure trading environment, while multilingual support and a wide range of payment alternatives make it more accessible and convenient for traders globally. Despite the various benefits, traders must be aware of the inherent hazards connected with forex and CFD trading and carefully examine their financial status and risk tolerance before to engaging in trading activities.

Equiti’s commitment to offering a holistic trading experience, together with its emphasis on education and client service, positions it as a formidable competitor in the online trading arena. Whether you want to trade forex, commodities, indices, stocks, ETFs, cryptocurrencies, or precious metals, Equiti has a solid platform and a multitude of information to help you reach your objectives.

All the evidence suggests that Equiti is legit. However, we recommend checking out more options before finalizing your choice.

That’s why we recommend working with a trusted broker. That way, you can avoid any hiccups and be certain of their reliability.

7

Frequently Asked Questions

Is Equiti a scam?

According to the online reviews of this company, it’s clear that Equiti is not a scam. However, we recommend checking out more brokers before before finalizing your decision.

What is the best alternative to Equiti?

We recommend going with our recommended broker instead of Equiti due to their higher experience and specialized technology.

Where is Equiti Located?

There is no information available on the location of Equiti.

Are there any Equiti complaints?

We’ve received a few Equiti complaints from our readers. If you’ve had a negative experience, feel free to write down a comment below or contact us.
8

How Forex Scams Work

Launch a website/app with a generic name

A website or app with a generic name allows scammers to hide behind common Google search results. Marketing such names is easier as well.

Pay influencers & social media pages to promote the scheme

By getting influencers and social media pages to promote their brand, scammers make their shady company seem more legit than it actually is.

Send thousands of emails and make cold calls to potential victims

It’s common for scammers to buy the contact details of people and spam them through email, phone calls, social media messages and other means.

Make victims feel safe through “small wins”

Such small wins usually include a few payments transferred into the victim’s account. This makes them seem more legitimate.

Convince victims into investing large sums of money

Due to the small wins, the victim is now convinced that the company is legit. Now, the scammers try to manipulate the victim into giving them larger sums.

Disable withdrawals & take down the website/app

Once the scammers have received a significant sum, they either stop responding or cite a technical error to freeze their victims’ funds.

Repeat the cycle

After making the money, the scam will shut down and the people running it will launch another and repeat the cycle.

If you’re looking to start trading, we suggest working with our recommended broker. We have reviewed 1000+ brokers and fintech firms and chosen them as our no. 1.
*Forex trading is subject to market risk.
Equiti Review: Scam Or Legit? | Find Out Here 2024
Equiti Review: Scam Or Legit? | Find Out Here 2024

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