Equiity Forex Broker Full Review – Everything You Need To Know

Equiity is a relatively new Forex and CFDs broker operating from Mauritius. The broker is registered and regulated in Mauritius and has a branch in Cyprus with a license to provide payments.

Another essential security measure besides the regulations is a negative balance protection for all trading accounts. This prevents traders from losing more than their initial investment, and traders can not end up in minus balance.

Additionally, Equity is a member of the investor compensation fund, ensuring eligible investors can get compensation in case the broker becomes insolvent. Segregated bank accounts prevent Equiity employees from touching client funds.

With all the security and safety measures in place, Equiity offers a safe trading experience to all of its clients.

First Impressions and Regulations

The Equiity website is very well implemented. It is responsive, informative, and very intuitive to navigate. This is important as it takes some time to find all the needed details when searching through the website to find out about spreads, regulations, accounts, etc.

The broker is overseen by the Financial Services Commission of Mauritius (FSC) and adheres to its rules and regulations.

The FSC of Mauritius is not a very strict regulator as it is an offshore entity, but still provides decent protection to investors. The broker amplifies these regulations by offering moderate leverage levels of up to 1:200. This ensures traders cannot be overleveraged and helps them avoid excessive losses.

Is Equiity regulated in South Africa?

As of now, Equity is only accessible through jurisdictions where Mauritius FSC brokers can operate. The broker does not have a license from the South African Financial Sector Conduct Authority (FSCA).

Equity’s presence has yet to be acknowledged by the South African FSCA, but traders can still access Equiity’s services if they wish. The broker is legit and safe and offers decent trading conditions.

Equiity review of the website

The website of Equiity is easy to navigate and transparent. All the information is given clearly and in an easy-to-find manner. Every page and menu opens smoothly and is super responsive. Overall, the website is really impressive as every needed detail can be found instantly and live chat is always there to support users if they are unable to find any information.

Equiity FX brokerage features

So, what does an Equiity Forex broker offer to its clients exactly? Let’s dive deep and explore the broker’s essential offerings such as spreads, minimum deposits, leverage, and many more.

Spreads

Equiity spreads are slightly above the industry average and are floating. Depending on the trading account, spreads may vary. For the silver accounts the spreads for major pairs start from 2.6 pips, for gold accounts 2 pips, and for the platinum, it starts from 1.4 pips. For Crude Oil the spreads are similar to Forex for each account respectively. The best account for Gold trading is platinum with its 3.6 pips spreads.

Equiity Minimum Deposit

The minimum deposit starts from 250 USD or EUR. Base account currencies are EUR and USD, and traders should avoid using other currencies to avoid conversion fees. The broker is relatively young and is not large enough to offer much lower minimum initial deposits, but with this moderate budget, traders should be able to trade freely on all instruments.

Equiity FX broker Maximum Leverage

The leverage system is the same for all trading accounts, and it varies depending on the asset. For Forex pairs and precious metals, the maximum leverage is capped at 1:200. For indices and commodities other than metals, there is a leverage cap at 1:50. Maximum of 1:10 can be used for stock CFDs and 1:5 for digital currencies.

Are these leverages enough to trade markets? Absolutely, these leverage levels are not only enough to control considerable trading positions but also reduce the risks of overleveraged trading. This is especially true for beginners, who are more prone to experience significant losses due to high leverage. With the leverage of 1:200 on Forex pairs, traders will be able to open positions 200 times their trading account balance.

Equiity Broker Withdrawals

All withdrawals and deposits can be made through several payment methods. Withdrawals are charged up to 2.5% excluding the payment provider fees. The methods accepted include Visa, MasterCard, Neteller, and Skrill. With bank cards deposits are instant, and with online payment systems withdrawals are faster.

Equiity Trading Platforms

Equiity has an in-house proprietary trading platform that is web-based and accessible from all devices via the Internet browser. The trading platform provides all the basic tools to analyze and trade markets, and set stop loss and take profit. Despite its advantages, it is a downside that brokers do not offer popular trading platform software such as MT4, or MT5.

Account Types

Three account types by Equiity Broker are silver, gold, and platinum. Apart from these accounts, there is an option for an Islamic account for Sharia law followers. All three accounts can be traded like an Islamic account, offering additional flexibility for swap-free trading. The minimum trading lot is the same for all accounts, from 0.01 lots.

Silver Account – This account is targeted at general traders who want to start trading without excessive commissions. The spreads for major pairs start from 2.6 pips, which is relatively high. The initial deposit requirement is 250 USD or EUR. Hedging is allowed and dedicated customer support is available 24/5. No other additional services are accessible from the silver account and spreads on gold and crude oil are also higher than other accounts.

Gold Account – This is a medium-level account with a multitude of services offered. These services include a dedicated account manager, dedicated customer support service 24/5, a 25% swap discount, webinars, and videos. Spreads are also lower at 2 pips for major pairs and crude oil.

Platinum Account – The best trading account with the lowest spreads is the platinum account. It comes with 1.4 pips spread on major pairs and crude oil. For minors, spreads start from 1.8 pips, for gold 3.8 pips. Together with all services on the gold account, platinum account holders also get the New Alert feature. This service allows traders to get notifications whenever important macroeconomic news happens.

Live chat and other support

Live chat is the most significant support channel that every broker has to offer, and Equiity offers it with multilingual support. The website is also multilingual and supports English, German, and Arabic. There is also a hotline support network represented in different countries. Email support is also provided and traders can leave a message through an online form if needed. With these abundant support options, it is possible to get help from the broker at a moment’s notice.

Can Equiity be trusted?

Equity Forex broker is a reliable option for traders. The broker is regulated by the FSC of Mauritius, ensuring a certain level of oversight and adherence to regulatory requirements. FSC is not the strictest of regulators, but Equiity provides additional safety measures.

Negative balance protection, segregated bank accounts, and membership in investor compensation funds protect traders from all possible issues during trading activities.

The equity website is transparent and easy to navigate, with all necessary information provided clearly and concisely. The support is multilingual and offered 24/5.

With a range of different trading accounts and diverse assets, Equiity caters to different trading needs.

Overall, while Equiity might not have the longest history in the industry, its regulatory compliance, security measures, and transparent approach contribute to its reputation as a trustworthy Forex broker.