Equiti Broker Review 2024

Equiti is a Forex broker with 2 live accounts [Standard, Premier]. Regulated by some of the top-tier authorities such as FCA and SCA, this brokerage provides economic calendar and signal centre services..

The company has received 3.4/5 based on +160 reviews on the "Trustpilot" website.

The Broker's Company Information & Regulation

Equiti stands out as a multi-regulated forex broker with a strong global presence. Founded in 2007 with offices in Dubai, Amman, Limassol, and more, it's headquartered in London, United Kingdom, based on the data from Crunchbase. Regulating Bodies of Equiti:

• Financial Conduct Authority (FCA) in the UK
• Financial Services Authority (FSA) in Seychelles
• Securities and Commodities Authority (SCA) in the UAE
• Jordan Securities Commission (JSC)
• Capital Markets Authority (CMA) in Kenya
• Central Bank of Armenia (CBA)

Key Specifications

In this section, we will have an overview of the main features and specifics of Equiti:

Account Types Specifics + Comparison

Equiti offers two primary account types for trading:

• Standard: Recommended for beginners and intermediate traders
• Premier: Suggested to professionals and advanced clients

 In the table below, we will investigate each account's details and compare them:

There's not much difference between these 2 trading accounts. They're different in terms of commissions and spreads, though, which will be discussed later in this article.

In addition to these 2 live accounts, there's also a demo trading account with unlimited usage for clients who want to practice without the risk of losing money.

How Can I Create an Account and Verify on Equiti?

Opening an account with Equiti is a straightforward process and takes little time from traders:

• Visit the broker's official website (www.equiti.com);
• Click on the "Start Trading" button;

• Select your country or region of residence, then fill in the registration form with your real name and email address;
• Create a secure password;
• Verify your email and phone number by entering the received codes;
• Provide additional personal information.

Now, your account is created and ready to use. In order to verify your identity, upload the required verification documents (ID, proof of address) on the website.

Trading Platforms Overview & Links

Usually, brokers utilize third-party trading platforms to provide services. Equiti has employed two industry-leading and popular options:

• MetaTrader 4 (MT4): Fast execution, economic calendar, market news, a wide range of technical indicators, and more
• MetaTrader 5 (MT5): Includes features and benefits of MT4, plus extra market depth and additional tools

Both platforms provide real-time market data, advanced order execution, and a range of order types to suit various trading strategies. MT5 Download Links:

• Android
• iOS

Spreads And Commissions in Trading Accounts

Trading costs are so important when choosing a broker. Equiti offers competitive spreads and commissions across its 2 account types. We will investigate it in the table below:

The exact spreads and commissions vary depending on the traded instrument and market conditions. Note that there are no other costs for inactivity or payments charged by the broker. Equiti's transparent fee structure ensures that traders can easily understand and factor in trading costs when developing their strategies.

Broker's Payment Options

Equiti provides a wide range of deposit and withdrawal options to meet the needs of  its global client base:

• Credit/Debit Cards (Visa, Mastercard)
• Bank Transfers
• E-wallets (Skrill, Neteller)
• Cryptocurrency wallets

The company does not charge fees for deposits, but some withdrawal methods may incur small processing fees.

Copy Trading & Investment Options Offered On Equiti Broker

Equiti offers copy trading services, allowing clients to earn profit passively by replicating the strategies of successful traders. This feature provides several benefits:

• Access to expert trading strategies;
• Diversification of trading portfolio;
• Time-saving for busy individuals.

However, it's important to note that copy trading still carries risks, and past performance doesn't always repeat itself in the future. Traders should carefully select signal providers and monitor their performance regularly.

Bonuses And Promotions in Equiti

Per our latest investigations on the broker, it does not offer any bonuses or promotional incentives to its clients. While some traders may find the lack of bonuses disappointing, it's worth noting that many regulatory bodies discourage forex brokers from offering deposit bonuses due to potential conflicts of interest.

Support Team and Customer Services

Customer support is an essential part of every broker's services and should be considered as a serious factor when choosing one. Equiti provides its customer services through various channels:

• Live Chat: Accessible through the official website
• Email: support@equiti.com
• Phone: +44 203 519 2657

Based on the available data, the support team at the call center is available 24/6. During our attempt to contact them through live chat, the agent never came in to answer our inquiry, which is a huge drawback for the broker's support.

Trust Scores on Reputable Websites

Trustpilot and ForexPeaceArmy are two established websites that have received user reviews of Equiti. These scores are discussed below:

• Trustpilot: 3.4/5 stars with over 160 reviews, over 30% of the ratings are 1-star.
• ForexPeaceArmy: 2.2/5 stars with only 10 scores

According to the scores mentioned above, this broker provides mediocre services with some problems, one of which we faced when trying to contact them. However, the number of scores on the ForexPeaceArmy is too low, so that one cannot be considered.

Conclusion And Final Words

Equiti is regulated by several authorities, including the CMA in Kenya and FSA in Seychelles. The broker does not charge any trading commissions on the standard account but charges $7 per lot on the Premier.

There is no minimum deposit for the Standard account, but you will be required to deposit $100 for the Premier one.