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equiity review

Equiity.com

0.0
Rated 0.0 out of 5
equiity review

Equiity Broker Review 2024

71% of retail investor accounts lose money, …

Overview

Equiity, the latest contender in the global Forex and CFD scene, showcases an innovative approach to enhance the accessibility of trading and investing. The broker aims to influence a broad audience. For an in-depth understanding, continue reading our Equiity Review 2024.

Renowned for its user-friendly interface, rapid trade execution, and extensive trading options, Equiity has emerged as a preferred platform for novice and experienced investors. Is it the ideal choice for you? This Equiity broker review for 2024 jumps into the latest offerings, detailed fee structures, and a comprehensive scam analysis report, aiding you in determining its suitability for your trading and investment requirements.

FOUNDED IN 2022
HEADQUARTERS N/A
REGULATORS FSC
MINIMUM DEPOSIT $250
PLATFORMS OFFERED WebTrader
TRADING INSTRUMENTS Forex, Commodities, CFDs, Cryptocurrency and metals
ACCOUNT CURRENCY USD, GBP or EUR
MAXIMUM LEVERAGE Up to 1:200
CUSTOMER SUPPORT 24/5
DEPOSIT OPTIONS Nettler, Skrill, Paypal, VPay, credit/debit cards, and Local Bank Transfer
COMMISSION No commission
SPREADS Variable
MOBILE TRADING No
AFFILIATE PROGRAMME No
CONTESTS AND BONUSES No

What is Equiity?

Equiity is a CFD brokerage firm located in Mauritius. The broker is regulated by the Financial Service Commission, a stringent body. The broker deals in various commodities, indices, stocks, cryptocurrency markets, etc.

It equips traders with the necessary tools and resources, empowering them to make informed decisions and profit from the financial markets.

Is Equiity a Scam?

Equiity is a legitimate broker, regulated and overseen by Mauritius’ Financial Services Commission (FSC) under license no. GB21027168. Its parent company, MRL Investments LTD, is a reputable and officially registered financial services provider in Mauritius with registration no. 187076.

The platform prioritizes a secure trading experience and offers features such as two-factor authentication (2FA) and biometric login for mobile app users. Further ensuring fund safety, it segregates clients’ funds from the company’s funds and maintains insurance through the Investor Compensation Fund (ICF).

Pros and Cons of Equiity

The advantages and disadvantages of Equiity are:

PROS CONS
Tailored Trading Accounts MT4 and MT5 are not available
Extensive Selection of CFD Assets 24*5 customer support
Knowledgeable and Responsive Customer Support
High Leverage and Competitive Spreads
Professional Customer Support Available 24/5

Our recommendation: Trading at Equiity Broker Review 2024

  • Get 24 x 5 professional customer support for hassle-free trading.
  • Try a free demo trading account to perfect your skills.
  • Enjoy industry-best fees for maximum profitability.
  • Trade with confidence using intuitive yet sophisticated platforms.
  • Regulated by FSC, ensuring maximum security and transparency.

Advantages and disadvantages of Equiity Broker Review 2024

  • Good Selection Of Underlying Assets For Trading
  • 24×5 Professional Customer Support
  • High Leverage & Tightest Spreads
  • Simple yet Powerful Trading Platforms
  • No Hidden Fees
  • Qualified Support
  • Wide Variety of CFD Assets
  • Customized trading account
  • Trading Terminals

Unavailability Of MT4 & MT5 Platforms

Account Offered By Equiity

Equiity offers various types of accounts, tailored according to trader’s needs:

Account Types Silver Gold Platinum
Minimum Deposit $250 $250 $250
Minimum Deal Size 0.01 0.01 0.01
Leverage 1:200 1:200 1:200
Stop out level 5% 5% 5%
Spread Discount No 25% of Silver 50% of Silver
Swap Discount No 25% of Silver 50% of Silver

Equiity broker account types

Islamic Account

The broker provides Islamic trading accounts designed explicitly for Muslim traders, featuring zero night rollover charges.

Equiity Broker islamic account

Demo Account

The broker offers Islamic trading accounts explicitly crafted for Muslim traders, with the notable inclusion of zero night rollover charges.

How To Open an Account On Equiity

STEP 1: Select “Open Account.”

STEP 2: Provide your first name, last name, and mobile number.

STEP 3: Fill out the application form and answer trading background questions.

STEP 4: Verify your identity by uploading the required documents.

STEP 5: Deposit funds to start trading.

equiity broker sign up page

Equiity Login

After registration, You can log in to your Equiity account by entering your email id and password.

equiity broker login page

Our recommendation: Trading at Equiity Broker Review 2024

  • Get 24 x 5 professional customer support for hassle-free trading.
  • Try a free demo trading account to perfect your skills.
  • Enjoy industry-best fees for maximum profitability.
  • Trade with confidence using intuitive yet sophisticated platforms.
  • Regulated by FSC, ensuring maximum security and transparency.

Equiity Review: Trading Instruments Offered

Equiity offers a range of Trading Instruments:

  • Forex
  • Commodities
  • Cryptocurrencies
  • Indices
  • Metals
  • Stocks

equiity review trading Instruments

Deposits and Withdrawals

Deposits

  • Minimum Deposit: Equiity maintains a minimum deposit threshold of $250 for most payment methods, with potential variations based on specific regions and payment options.
  • Payment Methods: The platform provides a range of deposit options, encompassing bank transfer, credit/debit cards, PayPal, Neteller, Skrill, VPay, and various regional payment alternatives.
  • Deposit Fees: While most payment methods incur no deposit fees, there may be conversion fees for deposits made in a currency different from the platform’s base currency.

Withdrawals

  • Withdrawal Payment Methods: The broker provides diverse withdrawal options, such as bank transfer, credit/debit cards, PayPal, Neteller, Skrill, VPay, and various regional payment choices.
  • Withdrawal Fees: Withdrawals do not incur fees, though conversion fees may apply if the withdrawal differs from the account currency.

Equiity Costs, Commissions and Spreads

Equiity is distinguished by its commission-free trading system. However, traders must know the spreads and SWAPs (overnight positions fees). The exact charges for spreads vary depending on what type of bank account you have used and are outlined in the specific fee structure.

Equity review: Leverage

Equiity can be leveraged, allowing traders to open more positions using a smaller initial investment. The maximum leverage can differ depending on the instrument and account type.

Instruments Silver Gold Platinum
Forex 1:200 1:200 1:200
Metals 1:50 1:50 1:50
Commodities 1:50 1:50 1:50
Indices 1:50 1:50 1:50
Stocks 1:10 1:10 1:10
Cryptocurrencies 1:5 1:5 1:5

Market Holidays and Market Hours

Equiity offers traders access to worldwide market and exchange opening/closing schedules and upcoming holiday dates that may impact their trading routines. Utilise this resource to strategise your activities and mitigate surprises such as sudden market fluctuations or additional fees outside of operational hours.

equiity broker market hours and holidays

Available Trading Platforms

Equiity does not offer MetaTrader4 and MetaTrader5 advanced platforms. The primary trading platform, Webtrader, is equipped with various features to assist traders in managing their positions effectively.

With a clean and modern design, its user interface offers customisation options for watchlists and charts.

equiity broker Trading Platforms

Company Details

Assets

  • Forex
  • Commodities
  • Cryptocurrencies
  • Stocks
  • Indices

Basics

  • Country: Mauritius
  • License:  187076
  • Regulation: FSC

Customer Service

Our recommendation: Trading at Equiity Broker Review 2024

  • Get 24 x 5 professional customer support for hassle-free trading.
  • Try a free demo trading account to perfect your skills.
  • Enjoy industry-best fees for maximum profitability.
  • Trade with confidence using intuitive yet sophisticated platforms.
  • Regulated by FSC, ensuring maximum security and transparency.

Equiity Mobile App

As of now, the broker has not introduced mobile trading and lacks a downloadable mobile application on iOS or Android platforms. Although this may pose a drawback for traders who prefer on-the-go management, it is a typical strategy for emerging brokers to prioritise desktop platform development before venturing into mobile applications.

equiity broker mobile app

The broker may incorporate mobile trading options in the future as it continues to grow and expand its services.

Read also: Forex cards and their usage

Customer Support

The broker provides exceptional customer support services 24×5 across various channels, ensuring assistance whenever required. Staffed by highly trained professionals, the customer support team is committed to addressing platform-related queries or issues.

Moreover, the phone support service is available in multiple languages, facilitating traders worldwide to seek assistance in their preferred language. Notably responsive, the team promptly delivers solutions to your inquiries.

UAE: +971525353542, +41225087362

Switzerland: +41265087335

Bahrain: +97365002018

Qatar: +97365002073

Saudi Arabia: +966115112679

Kuwait: +96522063872

Oman: +97365002067

Conclusion

Following an extensive review of Equiity’s brokerage services, we are delighted to convey our positive impressions. The platform offers support and resources, facilitating seamless accountability of markets and trade execution. Furthermore, the trading platform is intuitive and user-friendly, and the fees and commissions are competitively structured.

Log in to your account and select the “Deposit” icon.

  • Choose your preferred payment method and input your details.
  • Click the ‘Continue’ button.

To retrieve a lost password, click on the ‘Forget Password’ icon and follow the steps to reset it. If you’ve forgotten your username, please contact the support team for assistance.

You cannot manually delete your trading account. To initiate the closure process, please contact customer support, submit a request, and provide a valid reason for the account closure.

The broker imposes no commissions; instead, there are spread charges, generally commencing from 2.5 pips.

The minimum deposit requirement is $250, though variations may occur based on your region and selected payment method.

Yes, Equiity provides a demo account with each distinct account type, enabling traders to engage in trading with their preferred plan without risking any funds. Additionally, Islamic traders can utilise Equiity Broker via its Swap-free Islamic account.

No, Equiity does not support platforms such as MT4 and MT5; consequently, the advanced tools offered by these platforms are unavailable through the broker.

Experiences

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Equiity.com

Min Deposit

Min Spread

$250

1.4