Equiity Review 2023: Is This Broker Trustworthy? Scam Test

With so many brokers out there, it can be tough to know where to turn. But, as someone who’s been involved in the industry for many years, I’m always excited to see new players enter the market. And Equiity is no exception. So, let’s dive into this Equiity Review 2023 and explore what this broker offers.

At first glance, Equiity seems like a broker that has clearly been designed with traders in mind. From the user-friendly trading platform to the extensive range of trading instruments, it’s clear that the broker has put a lot of thought into creating a trading environment that meets the needs of traders of all levels. 

In this Equiity Review 2023, we’ll delve into what it has to offer and help you decide whether it’s a broker worth considering for your trading needs. In addition, this comprehensive review will thoroughly examine the broker’s services and reveals all of its distinct characteristics, offerings, user interface, and functionality.

What Is Equiity & How Does It Stands Out From Its Competitors? 

Equiity is a financial intermediary/broker facilitating buying and selling of financial instruments. The broker specialises in CFD trading on Forex, Commodities, Cryptocurrencies, Metals, Indices and the Stock market.

Meanwhile, the broker is under the ownership and operation of MRL Investments (MU) LTD, a prominent financial services group established in Mauritius.

At the same time, Equiity stands out from its competitors by offering a range of services such as high-quality research and analysis, advanced trading platforms, investment advice, and 24×5 personalised support to their clients.

Is Equiity Scam Or Trustworthy?

As Equiity is regulated by the Financial Services Commission (FSC), which is the top-tier financial regulatory body in Mauritius, it can be considered a legitimate and trustworthy broker. 

The FSC oversees the financial services industry in Mauritius, including licensing and regulating financial service providers, to ensure their compliance with regulatory requirements and adherence to high ethical standards.

Additionally, the broker has a well-established reputation in the industry because of its implementation of stringent security measures, such as two-factor authentication and encrypted transactions and communication data servers. 

Overall, our findings from Equiity Review 2023 suggest the broker is not a scam and is safe to trade with. 

Equiity Review 2023: Pros & Cons

What Types Of Accounts Does Equiity Offer?

The broker boasts various account types to cater to its traders’ varying needs and preferences. Currently, there are three live trading accounts available – Silver, Gold, and Platinum – each with unique features, benefits, and trading conditions to meet the requirements of traders with varying experience levels. 

So, let’s closely look at the features of each account type through this detailed Equiity Review. 

Silver Account

The Silver account is the most basic account and is suitable for beginner traders. It offers low spreads starting from 28 pips, maximum leverage up to 1:200 and requires a minimum deposit of $250. 

Gold Account

The Gold account offers more features, including reduced spreads – 20 Pips (50% Discount), higher leverage up to 1:200, and additional trading tools, such as Dedicated Account Manager, Webinars & Videos and a SWAP discount of upto 25%.

Platinum Account

The Platinum account offers even more benefits for experienced traders who require more advanced trading conditions. This account type provides the lowest spreads – 18 Pips (75% Discount), leverage up to 1:500, and access to advanced trading tools, such as hedging and scalping.

Apart from all the benefits of Gold and Silver accounts, the Equiity Platinum account offers a news alert and a Swap discount of up to 50%. 

Equiity Demo Account

In addition to these three account types, the broker also offers a free demo account with virtual funding of $100,000 for traders to practice trading without risking real money. It further helps professional traders test the platform and try out different trading strategies before committing to a live account.

Equiity Islamic Account

The brokerage also offers an Islamic account for traders who follow Shariah law. This account type is designed to comply with Islamic principles and does not charge or pay interest on overnight positions, making it suitable for traders who wish to trade in accordance with their faith.

How To Register For Equiity Live Trading Account?

As a leading online trading platform, Equiity provides a hassle-free and user-friendly sign-up process for traders looking to open a live trading account. 

Meanwhile, the best part is that you can contact Equiity’s customer support team anytime if you encounter any issues during the registration process. 

Step 1: Start by navigating the official website and clicking the “Open Account” button in the homepage’s top right-hand corner. 

Step 2: You’ll be prompted to fill in the registration form, which requires you to enter your details, including your full name, email address and phone number, and password.

Step 3: In the next step, you’ll need to fill out your personal information and complete the questionnaire, which includes questions related to your past trading experience. 

Step 4: Submit the required documents for verification purposes. These documents may include a copy of your passport or national ID card and PoA such as a utility bill or bank statement. 

Step 5: Once your account gets verified, sign in again using the Equiity login credentials. Now, deposit funds to start trading on the platform. 

Equiity Fees & Spreads: How Much Does It Cost? 

As far as we find through this Equiity Review 2023, the broker differentiates itself from competitors through its zero-commission model and low trading fees.

Meanwhile, the SWAP charges are also nominal on the platform, with Gold and Platinum account holders getting a further reduction of 25% and 50%, respectively. 

Here’s a detailed Equiity Fee Structure: 

Equiity Review 2023: A Look At Broker’s Leverage & Margin Requirements

The broker offers different leverage ratios for various asset classes, which can have a significant impact on traders’ potential profits and losses. So, here’s detailed information on the broker’s leverage offering: 

• For Forex, Equiity offers leverage of up to 1:200 for Silver and Gold accounts and up to 1:500 for Platinum account types. 
• For Indices, the leverage offered is up to 1:50 for Silver and Gold accounts and up to 1:125 for Platinum account types. 
• Equiity’s leverage ratio for Stocks is relatively low, at 1:10 for both Silver and Gold accounts and Platinum account types. 
• For Commodities and Metals, the broker offers leverage of up to 1:50 for Silver and Gold accounts and up to 1:125 for Platinum account types. 
• Lastly, for Cryptocurrencies, the leverage offered is relatively low, at 1:2 for both Silver and Gold accounts, as well as for Platinum account types. 

Equiity Deposit & Withdrawal Conditions – Methods, Minimum Deposit & Fees

There is no dearth of available p[ayment methods for making deposits on the platform. It supports bank transfer, credit/debit cards, PayPal, Neteller, Skrill, VPay, and other regional payment options. 

The minimum deposit requirement for Equiity is $250. Meanwhile, there are no deposit fees charged by the broker for any of the payment methods available. 

For withdrawals, the broker offers the same methods as deposits. The broker processes withdrawal requests within 1-2 business days, after which the funds are transferred to the client’s chosen payment method.

At the same time, it doesn’t charge any withdrawal fees, but clients should check with their payment provider to see if they charge any fees for processing payments.

Overall, our detailed Equiity review 2023 suggests the broker’s offered range of deposit and withdrawal methods, with no deposit or withdrawal fees, is an appreciative step.

What Assets Does Equiity Support?

After reviewing Equiity’s trading platform, we found the broker’s asset selection is comprehensive, with over 300+ financial instruments available for trading. 

Here’s a brief detail on available markets on the platform: 

• Forex: The broker offers 30+ major, minor & exotic currency pairs with competitive spreads, making it attractive for traders looking to maximize their profits.
• Indices: It also offers a range of renowned stock indexes, including popular indices such as the S&P 500, NASDAQ, and FTSE 100. 
• Commodities: The broker supports trading commodities such as gold, silver, and oil. These assets can provide a good hedge against inflation and diversify a trader’s portfolio.
• Stocks: It also offers trading in stocks of major companies worldwide, including popular names such as Amazon, Apple, and Microsoft. 
• Cryptocurrencies: Lastly, the broker supports trading in cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Our thoughts from the detailed Equiity Review 2023 show the broker has a good selection of assets. Meanwhile, the inclusion of cryptocurrencies is a nice addition, and the competitive spreads and leverage make it an attractive choice for traders looking to access these markets.

Equiity Review: Available Trading Platforms

The broker offers its clients a proprietary web-based trading platform – WebTrader. This platform is accessible through any web browser and provides traders with a user-friendly interface that is easy to navigate.

The Equiity WebTrader is packed with trading tools and features that make it a versatile platform for traders. These features include real-time quotes, customisable charts, and technical indicators. 

Additionally, the platform allows traders to easily manage their open positions, set stop-loss and take-profit orders, and monitor their trading history.

According to our Equiity Review 2023, the broker’s available trading platform is reliable, user-friendly, and packed with features that make trading a seamless experience. 

Does Equiity Offers Mobile App? 

The broker currently doesn’t offer a mobile trading app for its platform. However, it’s possible that the company will soon launch a mobile app.

And we are sure the Equiity app would provide traders greater flexibility and convenience in managing their trades on the go.

Educational & Research Tools At Equiity

The broker offers a range of resources such as Trading tools, Webinars, and video tutorials to educate traders about the financial markets and the various trading strategies.

Additionally, it provides access to market news and analysis to help traders stay up-to-date with the latest market trends to increase their trading ability. The broker also offers access to a free demo account for traders to practice and test their trading strategies without risking real money.

Overall, our Equiity Review 2023 suggests the broker’s educational and research tools provide valuable resources for both beginner and experienced traders.

How Can You Contact The Equiity Customer Support?

The broker has made available several channels for support. It offers 24/5 support via live chat on its website, which allows traders to quickly connect with a customer support representative to get their queries answered.

In addition to live chat, the broker also offers support through email and phone. Traders can email [email protected] or call the customer support phone numbers – +971525353542 or +41225087362. 

Overall, Equiity’s customer support channels are readily available in multiple languages, including English, Arabic and German. 

Conclusion

After conducting a detailed analysis of Equiity Review 2023, we can confidently say it is a broker that’s definitely worth considering if you’re looking for a reliable, customer-centric trading partner with competitive pricing and a wide range of trading instruments. 

Whether you’re a beginner or a professional trader, Equiity has something for everyone. So why not give it a try and see for yourself what this platform can do for you?

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