Equiti Review

Equiti

Equiti

www.equiti.com

  • Leverage: 1:30 | 1:500

  • Regulation: JSC, FCA, DMCC, SCA

  • Min. Deposit: 500 US$

  • HQ: Jordan

  • Platforms: MT4, WebTrader

  • Found in: 2013

Equiti Licenses

  • Equiti Group limited Jordan - authorized by JSC (Jordan) registration no. 18/00240/1/3
  • Divisa UK Limited - authorized by FCA (UK) registration no. 528328
  • EGM Futures - authorized by DMCC (Dubai) registration no. 31573
  • EGM Futures - authorized by SCA (Dubai) registration no. 607136

Top 3 Forex Brokers

  1. What is Equiti?
  2. Is Equiti safe or a scam?
  3. Leverage
  4. Accounts
  5. Fees
  6. Market Instruments
  7. Deposits and Withdrawals
  8. Platforms
  9. Customer Support
  10. Education
  11. Conclusion

What is Equiti?

Equiti Group Ltd is the parent company of some of the most progressive FX and CFD brands and prime brokerage providers in the industry. With over 150 global staff and 24×6 customer service, Equiti provides clients with access to individual, corporate and institutional brokerage services across various affiliates and subsidiaries.

Equiti is a global brand that used by the group of companies that serve corporate and institutional services globally through decentralized international offices. The company maintains offices in Amman operates under the brand Equiti Jordan, Dubai, Nairobi, London, Auckland, Miami and Yerevan.

What type of broker is Equity?

The company goal is to provide an easy, safe and productive trading experience that is achieved by innovative technologies through NDD and bridged ECN execution technology, professional educators, transparency and excellent service.

ProsCons

Equiti website

10 Points Summary
HeadquortersJordan
RegulationsJSC, FCA, DMCC, SCA
InstrumentsForex and CFD, Precious Metals, and various Partnerships
Trading PlatformsMT4, WebTrader
CostsCosts are lower cmpared to other proposals. Built either on spread only or commission charge.
Base CurrenciesSeveral currencies available
Demo AccountAvailable
Minimum deposit500$
EducationEducational sources combined into the Equiti project – Academy
Customer Support24/6

Is Equiti safe or a scam?

Regulation is the first think to check while selecting broker, as in simple word it means broker is overseen and compliant to necessary laws making trading and investment safe in particular jurisdiction.

ProsCons
Regulated broker in various jurisdictionsRegulatory obligation vary according to entity
Licenses from Dubai and Jordan for legit MENA regions
CySEC and ESMA overseeing
Negative balance protection
Global expand

Is Equity legit?

Equiti Group operates through the range of established offices, which are regulated and compiled according to various regulations and holding necessary licenses. It means the broker fully complied its operation with best practice and safety measures.

Equity operates mainly in the Middle East market through the Equity limited Jordan – a registered trade name in Jordan. Additional entities are registered in the United Arab Emirates, and in the UK authorized by the Financial Conduct Authority.

Equiti entityRegulation and License
Equiti Group limited JordanAuthorized by JSC (Jordan) registration no. 18/00240/1/3
Divisa UK LimitedAuthorized by FCA (UK) registration no. 528328
EGM FuturesAuthorized by DMCC (Dubai) registration no. 31573
EGM FuturesAuthorized by SCA (Dubai) registration no. 607136

Customer protection

Overall, various regulations and authorities require the number of rules that set a reliable environment for investors or traders. All individual clients of Equiti Group will have their money fully segregated, in accordance with client money rules, which protects your funds and guarantees its safe kept along with participation into compensations in case of insolvency.

Leverage

Equiti offering leverage up to 1:500 that opens the way to use bigger trading size comparing to your initial balance and maximizes capabilities. Yet, the maximum leverage is also depending on the Equiti entity you trading with.

Means, that if your trading account is opened under the UK FCA regulation, the maximum leverage is allowed set to a 1:30 for Forex instruments, while regulations in MENA regions still allow floating higher levels of leverage.

Equiti leverage

Besides, you should always choose leverage accurately and always consider necessary risks since high leverage can significantly play against you too.

Accounts

Obviously, to start trading you should open an account, while at the very beginning you can sign in within minutes for Demo account, known as practice account where you can check trading conditions and see Equiti trading environment.

ProsCons
Fast account openingNone
Account types suitable for various trading sizes or styles
Option between spread and commission basis accounts
Islamic Account
Professional trader programs

Account types

Equiti offers two account types whether the trader is a new one or a professional one.

Executive Account built for intermediate traders offers a mix of investment choices through market execution and average spread from 1.6 pips. The account enables trading with no commission charges, all costs are included in a spread and the minimum deposit is 500$.

Equal opportunities along with the flexibility to trade on a professional-level enabled through Premiere Account. While the account features more competitive trading terms and a variety of services, yet requires a balance of 20,000$ and shows with average FX spreads 0.4 pips and commission of 70USD per 1 million traded.

How to start trading

Equiti accounts

Fees

As we already mentioned before in our Equiti review there two different fee conditions according to the account type and trader you are. So the first Executive account will offer a spread only basis and the Premiere account is built in commission charges.

ProsCons
Options between variable spread or commission basisConditions may vary according to the entity
Low CFD and Forex fees
No hidden costs

Our find on Forex fees

Various currency pairs or instruments defining specified fee terms or conditions which are available via the trading platform. Here for our reference, we compare Equiti fees and spreads, also considering other market proposals.

The trading costs are offered with variable spread offering through the market execution, a straightforward pricing model that is devoid of unnecessary mark-ups, incentives or fees. See a comparison table below, you can also see also fees of another popular broker Amana Capital.

Comparison between Equiti fees and similar brokers
Asset/ PairEquiti FeesRoboForex FeesFxPro Fees
EUR USD1.4 pips1.4 pips1.2 pips
Crude Oil WTI34.25
Gold20 cents1 point27
Inactivity feeYesYesYes
Deposit feeNoNoNo

Swap-free accounts

As the company locates in the Arabic world, the traders that require specific terms are welcomed also. Alike swap-free or Islamic accounts are available to those who follow Sharia rules.

In addition, you should also consider an overnight policy which applies in case the trading order is held longer than a day, or unless you trade through swap-free account. In this case rollover fee, swap or overnight fee will be applicable to the position. See an example below.

Equiti swap

Instruments

So operating NDD execution the range of liquidity providers includes the world’s largest banks with the comprehensive product and service offerings across asset classes. Which includes Forex and CFD, Precious Metals, and various Partnerships.

Most popular commutations and global indices with shares for over 155 successful companies are traded on a CFD basis so be sure to learn about trading risks and how to trade the instruments.

Equiti instruments

Deposits and Withdrawals

Another important note in our Equiti review is deposits and withdrawals methods or simply how you can send and receive money from the trading account. Obviously conditions and laws are different in each country, while all transactions and requests are seen and done via you online account field.

ProsCons
Fast digital depositsPayment methods vary according to regulation
No internal deposit feesSome of the methods apply an additional fee for withdrawal
Most of withdrawal fees options are coveredHigh first deposit requirement
Multiple Account Base Currencies

Deposit Options

Payment options that allow you to fund an account including the range of the convenient payment methods alike Cards payments, Bank Wire transfers or e-payments through Neteller or Skrill.

What is the minimum deposit for Equiti?

The minimum deposit is set to a 500$ for first grade account, meaning you may open an account with any amount suitable to your preference but with this minimum as first. Professional accounts require even more, 20,000$ which is quite a big amount compared to other CFD brokers.

Also, there are minimums set to e-payment providers like Neteller and Skrill which demand a minimum of 50$ for you to transfer at any time.

Withdrawal

While the overall process to make a deposit or withdraw fund from or to an account is a straightforward process that takes a little of time. In addition to that Equiti covers all payments fees means there are no any charges on deposits or withdrawals waived to you, yet e-payment withdrawals may cost 1% per transaction.

However, the traders of different residence should check the availability of the particular payment or another, in terms of availability as well as regards to the applicable fees.

Equiti funding methods

Trading Platforms

Equity supports the MetaTrader4, the most used choice between the traders along with a Web version WebTrader – EQTrader that provides instant online access to trading.

ProsCons
Mainstay on friendly MT4 and WebTraderNo proprietary platform
Good Copy Trade, Social Trading and Technical Indicators
No restrictions on strategies
Fast execution
Platform supporting various languages

Desktop Platform

The main version is of course the desktop platform with full capabilities and available tools. MetaTrader4 is also not a surprise choice from the broker, as it offers multi-asset trading flexibility with advanced charting package and enhancement of 30+ technical indicators, along with truly powerful trading features.

In order to optimize and apply various strategies or to automate trading, you have an option to choose from the powerful MT4 EAs. In order to do so, the trader only selects from the range of tools in a marketplace and customize its own MT4 interface, which is a truly efficient way to trade.

Research

Moreover, the Equity broker provides free research tools with insightful technical analysis reports and sophisticated pattern recognition tools that bringing trading even further, the tools are available in all accounts to all clients.

Equiti EQTrader

Web Trading

However, if you prefer easy accessible platform right from your browser and simple capabilities Web Platform is available at your choice as well.

Mobile Platform

Mobile trading of course supported too, actually Equiti mobile app is quite well designed and easy to use from any device allowing to stay updated on the go.

Customer Support

Customer Support of Equiti available in various international languages and operating 24 hours a day, 6 days a week. You may either Live chat with the support or call them via phone lines, while we found customer service quite responsive and helpful.

ProsCons
24/6 supportNo 24/7 support
Relevant and quick answers
Live Chat, International Phone Lines and email

Education

The educational sources combined into the Equiti project – Academy, which combines various learning materials through video, webinars, guides, seminars and many other analytical necessary data.

Besides, there is an online Newsroom where you can get all the latest updates and News, which are very useful for everyday trading and your updates.

ProsCons
Education Academy and videosNone
Free trading signals and research tools
Newsroom
Market Outlook and Research
Demo Account

Equiti learning

Conclusion

Overall, Equity review is about a broker, which establishes an international offering to trade a range of instruments through the market execution, transparent pricing model and multiple customer support.

The broker mainstays at the market-leading MT4 platform, which is a plus to all kinds of traders, from the beginners to veterans. Also, with its focus on MENA region, there are some good opportunities with swap-free accounts and tailored solutions.

The alternative broker is XM.com which provides also attractive trading conditions and holds licenses in the UK, Cyprus and Australia.

Nevertheless, it will be good to know your personal opinion about Equity trading which you may share in the comment area below.

No news available.

3 responses to “Equiti”

  1. Hello dear i want to ask you about an offer of fixed spread 1 for currencies and specially for chf usd with zero commission and if i can work with my automated system on your platform . Thank you

  2. Equiti is not transparent in their terms. Their spread at times of rollover varies in access of 2000% (37% Versus a promised average spread of 1.3 pips) on certain Forex pairs and you often get kicked out of running trades.

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