Equiity is a regulated Forex and CFDs broker offering a diverse choice of trading assets in a safe trading environment. Traders who love commodities trading will find Equiity’s offerings especially attractive, as the broker offers low spreads for popular commodities. There are several aspects of trading Forex making traders search for different specs including spreads, commissions, and many more. We are going to delve deep and research Equiity Forex broker and evaluate how good its services are. So stay tuned.
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Equiity review
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Equiity FX Trading Broker Overview
Equiity broker offers CFDs for various trading assets including Forex, stocks, indices, commodities, precious metals, and cryptos. There are no hidden fees, and all costs and spreads are transparently given on the broker’s website.
The website itself is owned and operated by MRL Investment, which is a company registered and regulated in Mauritius under its Financial Services Commission (FSC). Although the FSC is less strict and allows high leverage levels, Equity only offers up to 1:200 leverage, which indicates its responsible approach. Low leverage helps traders avoid the situations of overleveraged trading, which can lead to significant losses. The website is very well-designed and offers an easy-to-navigate interface with all the necessary information given clearly. Equity services are not accessible to citizens of Canada, the USA, Iran, Iraq, and North Korea.
As for trading assets, there are more than 50 currency pairs and overall 350 tradable instruments available.
All trading accounts are protected with negative balance protection, which ensures traders can not lose more than their initial investment amount. Segregated bank accounts further create a safe trading environment and prohibit the broker personnel from touching client funds. Equity is also a member of the investor compensation fund in case something goes wrong and the broker becomes unable to maintain solvency.
Equiity Broker: Trading accounts
After considering the trading assets and their specs, let’s delve into trading accounts to find out what Equiity has to offer. There are three account types, silver, gold, and platinum. Each of these accounts has different spreads and comes with an Islamic account option for Sharia law followers. What all trading accounts have in common is the same leverage system for all accounts. The maximum leverage for Forex pairs and precious metals is capped at 1:200, for other commodities and indices leverage is set at 1:50, stocks and equities come with 1:10 leverage, and cryptos come with 1:5. These leverage levels are very reasonable and let even beginners trade within acceptable limits, avoiding risks of overleveraged trading. Hedging is allowed on all trading accounts.
Equiity Silver Account
The silver account is an entry-level account offering all the basic features necessary for FX trading. The minimum deposit requirement is 250 USD or EUR, depending on the trader’s preference. Spreads start from 2.5 pips on major currency pairs and crude oil, making it attractive for commodities trading. For gold, spreads are a bit high from 7.4 pips but well below what many other brokers offer. The minimum lot size starts from 0.01 lots and the maximum FX leverage is capped at 1:200. Silver account holders also enjoy full dedicated support.
Equiity Gold Account
Gold accounts have lower spreads than silver and offer more services to traders. For major currency pairs, the spreads start from 2 pips. Minors start from 2.8 pips and gold comes with 5.6 pips. Crude oil has similar spreads to Forex from 2 pips.
Gold account holders are provided with additional services such as a dedicated account manager, webinars, video tutorials, a 25% swap discount, and dedicated support.
Equiity Platinum Account
For traders who want to trade commission-free with the lowest spreads possible, platinum offers the best conditions. For major pairs such as EURUSD, GBPUSD, and USDJPY spreads start from 1.4 pips. Crude oil also has 1.4 pips, and gold comes with 3.8 pips spreads.
As for services, the Platinum account comes with a handful of features including News Alert, a dedicated account manager, webinars & videos, a 50% swap discount, dedicated support, and hedging.
Equiity Forex Broker: Trading Platforms
Equiity offers a proprietary trading platform that is primarily web-based and accessible from all devices through web browsers. Since there are no other advanced trading platforms offered, this is a slight disadvantage. The trading platform comes with inbuilt tools to make market analysis easier.
Equiity Forex: Educational Features and Promotions
Educational resources are not available on the website at this moment. The only way to get educational materials is to have a gold or platinum trading account, where numerous video tutorials and webinars are available. No bonuses or promotions are offered either.
Equiity FX Broker: Deposits and Withdrawals
Equiity offers several payment methods for deposits and withdrawals. Visa, MasterCard, Skrill, and Neteller are all accepted for the lowest commissions and withdrawals are quick. Faster withdrawals are offered using online payment methods.
Equiity Forex: Customer Support
Equiity support is available through many channels including live chat, hotline support network, and email support. Live chat is the most efficient and quick way to connect with broker representatives. For hotline support, the company has offices in numerous countries, creating a phone support network in Kuwait, UAE, and various other countries.
Equiity Forex Review Conclusion
As we can see, the Equiity FX broker has all the characteristics of a well-established broker. Its website is user-friendly and offers all the details about trading conditions very clearly and transparently. Under the FSC of Mauritius regulations, the broker offers flexible but reasonable trading leverage limits to ensure trader safety. All accounts are under negative balance protection, creating a safe trading experience for beginners and experienced traders. Support is responsive and is available in multiple languages.