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71% of retail investor accounts lose money, …
Equiity is the latest entry into the global Forex and CFD scene. At a glance, the broker appears to put in front an innovative approach for enhancing the convenience and accessibility of trading and investing, thereby rendering them readily available to a broad audience. Want to know more about this broker? Well! Continue reading our detailed analysis report from Equiity Review 2023 till the end.
With its intuitive interface, fast trade execution feature, and diverse range of trading options, Equiity has gained a reputation as a go-to platform for both novice and experienced investors alike in such a short time. But Is it the one you’re looking for?
This Equiity broker review 2023 will explore the platform’s latest offerings alongside its detailed fee structure & a free scam analysis report, helping you decide whether it is the right choice for your trading & investment needs.
It is a state-of-the-art Forex & CFD brokerage platform offering a range of underlying assets to trade in. The broker operates under a Mauratius-based financial service provider – MRL Investments (MU) LTD.
The broker enables traders to access various financial markets, including stocks, futures, options, and cryptocurrencies, through its advanced trading platforms.
In addition, the broker allows traders to access financial markets, analyse market data, and execute trades. Overall, it provides traders with the tools and resources they need to make informed trading decisions and potentially profit from financial markets.
Equiity is not a scam, but a regulated broker supervised & oversight by Mauritius’ Financial Services Commission (FSC) under licence no. GB21027168.
At the same time, the parent company behind Equiity – MRL Investments LTD, is a well-established and duly registered financial services-providing company registered in Mauritius with registration no. 187076.
To ensure a safe & secure trading experience, the platform allows users to set up two-factor authentication (2FA) and biometric login for mobile app users.
Additionally, it implements strict measures to ensure fund safety by segregating clients’ funds from the company’s funds. It also carries insurance through Investor Compensation Fund (ICF).
Considering the overall health score & scam report from Equiity Review 2023, we conclude it is a legit and safe broker to trade with. Therefore, we recommend trading with it.
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Unavailability Of MT4 & MT5 Platforms
The broker offers three live retail investor accounts, catering to different investment needs and goals. Meanwhile, these account types are designed to provide flexibility, security, and reliability to help traders achieve their financial objectives.
Through this Equiity Review 2023, we have presented a quick account comparison table that will help you choose the one that suits your trading style & preferences.
| Features | Silver Account | Gold Account | Platinum Account |
| Minimum Deposit | $250 | $250 | $250 |
| Execution Mode | MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent | MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent | MT4NDD, MT4NCC, MT4 Fixed, MT4 Cent |
| Base Currency | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP |
| Average Execution Speed | 0.08 | 0.06 | 0.08 |
| Spreads | Starts From 2.5 Pips | 20 Pips (50% Discount) | 18 Pips (75% Discount) |
| Maximum Leverage | 1:200 | 1:200 | 1:500 |
| News Alert | N/A | N/A | Available |
| Dedicated Account Manager | N/A | Available | Available |
| Webinars & Videos | N/A | Available | Available |
| Islamic Account | Available | Available | Available |
| Fifth Decimal | Yes | Yes | Yes |
| Swap Discount | None | 25% | 50% |
The platform offers a dedicated Islamic trading account for Muslim traders, with zero night rollover charges will all other features of live trading accounts.
Along with live trading accounts, the broker offers a free demo trading account through which traders can learn to trade in real conditions and testify their new strategies with a virtual account balance of $100,000.
Registering on the platform is a five-step process that takes approximately 30-40 minutes. The subsequent account activation and verification procedures are generally completed within 1-2 business days.
Here’s the complete step-by-step process for opening a live trading account:
The first step to opening a live trading account is to click on the ‘Open Account’ icon on the homepage. Now, fill out the application form with your personal information.
This includes your full name, date of birth, address, email address, phone number, and other relevant details. As part of the account setup process, you might need to create a unique username and password for accessing your account.
After providing your personal information, you will typically be required to complete a questionnaire to determine your past trading experience, knowledge, and investment goals.
This information will help the broker assess your suitability for trading and determine the level of risk you are comfortable with.
Once you have completed the questionnaire, you will be asked to provide certain documents to verify your identity and address.
This typically includes a government-issued ID, such as a passport or driver’s license and a utility bill or bank statement with your name and address. Some brokers may also require additional documents, such as proof of income or a tax return.
After verifying your documents, you can proceed to deposit funds into your account. This can be done via available payment options.
Our analysis from Equiity Review 2023 revealed the broker’s available products are in line with global industry standards. It offers 300+ underlying assets to trade across all major financial markets.
The platform offers several payment methods, both deposits and withdrawals, along with specific conditions that users should be aware of.
The best part of trading with this broker is its commission-free trading conditions. However, the traders are subject to pay spreads & SWAPs for overnight positions.
The spread charges differ based on the type of account. For exact spread charges, refer to the detailed Equiity fee structure below.
| Instruments | Silver | Gold | Platinum |
| EUR/USD | 28 | 20 | 18 |
| GBP/USD | 28 | 20 | 18 |
| USD/JPY | 28 | 20 | 18 |
| AUD/USD | 28 | 20 | 18 |
| USD/CHF | 28 | 20 | 18 |
| USD/CAD | 28 | 20 | 18 |
| NZD/USD | 28 | 20 | 18 |
| EUR/GBP | 28 | 20 | 18 |
| Silver | 80 | 70 | 60 |
| Crude Oil | 80 | 70 | 60 |
| Dax | 250 | 200 | 200 |
As per our Equiity Review 2023, the broker’s fee structure is in line with the global industry standards.
One of the features that many traders find attractive about this broker is the availability of leverage, which allows them to open larger positions with a smaller initial investment.
However, it’s important to note that the maximum leverage offered by the broker varies depending on the instrument being traded and the account type you have.
| Instruments | Silver | Gold | Platinum |
| Forex | 1:200 | 1:200 | 1:500 |
| Metals | 1:50 | 1:50 | 1:125 |
| Indices | 1:50 | 1:50 | 1:125 |
| Commodities | 1:50 | 1:50 | 1:125 |
| Stocks | 1:10 | 1:10 | 1:10 |
| Cryptocurrencies | 1:2 | 1:2 | 1:2 |
Our Equiity review has revealed that the maximum leverage offered by the broker falls within the range of what is typically offered by other brokers in the industry.
Webtrader is the main trading platform available, and it offers a range of features to help traders manage their trading positions.
At the same time, the platform’s user interface has a clean and modern design, with customisable watchlists and charts that allow users to track their favourite financial instruments and analyse their performance in real-time.
Overall, our Equiity Review 2023 reveals that the platform’s interface is designed to be easy to use, even for beginners, while still providing advanced features and tools for experienced traders.
Some of its key features include
As a new broker, the broker has not yet started to offer mobile trading and does not currently have a mobile application available for download on either iOS or Android platforms.
While this may be a disadvantage for traders who prefer to manage their investments on the go, it is common for new brokers to focus on developing their desktop platform before expanding to mobile.
It is possible that the broker will offer mobile trading options in the future as the broker grows and expands its services.
The broker offers traders various research tools to help inform their investment decisions. It includes various market analysis reports, daily market news updates, and economic calendars to help traders stay updated on the latest market trends.
These research tools can be especially helpful for experienced traders who are looking to take a data-driven approach to their investment strategy.
However, one area where Equiity could improve is in its educational support. The broker does not offer any comprehensive educational resources, such as video tutorials or webinars, to help new traders learn the ropes.
This lack of educational resources may make it challenging for novice traders to get started, and it could be a disadvantage for those who are looking to develop their skills and knowledge over time.
The broker offers excellent customer support services through its available channels 24×5, which means you can reach out to them whenever you need assistance.
The customer support team consists of highly trained professionals dedicated to resolving any queries or issues related to the platform.
Meanwhile, the phone support service is available in multiple languages, making it easier for traders from different parts of the world to get assistance in their preferred language. In addition, the team is responsive and can provide solutions to your queries promptly.
Here’s how you can contact Equiity customer support:
After conducting a thorough review of Equiity’s brokerage services, we are pleased to report that we were really impressed with the services. It provided excellent support and resources, making navigating the markets and executing trades easy. In addition, the trading platform was intuitive and user-friendly, and the fees and commissions were competitive.
Overall, we rate it 4.5 out of 5 and would highly recommend this brokerage to anyone looking for a reliable and trustworthy partner in the markets. This Equiity review 2023 is based on my experience with this platform.
While the account gets activated instantly in most cases, but in some exceptional scenarios, it may take up to 3 working days.
Although an account activation typically takes 1-2 hours, it is important to note that in certain exceptional circumstances, the activation process may require up to three working days to be completed.
Note that funds might take 1-2 minutes to reflect in your account.
Note that funds might take 1-2 minutes to reflect in your account.
To retrieve your lost password, click on the ‘Forget Password’ icon and follow the steps to reset your password. In case you have forgotten your username, contact the support team.
You can’t delete your trading account manually; you’ll first need to contact customer support and raise a request, along with a valid reason.
The broker doesn’t charge any commissions; however, there are just spread charges that typically start from 2.5 pips.
The minimum deposit requirements are set at $250. However, it may vary depending on your region and chosen payment method.
Our mission is to assist millions of traders in finding the best broker. We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice.
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