Cookies are used at this website. By continuing to browse it, you agree with our Cookie Policy.

Equiti review and ratings

Established 2013
Location UK UAE
Regulation FCA, DMCC, SCA
Offices London, Dubai, Amman
Broker type STP
Leverage up to 1:500 (1:30 for EU clients)
Deposit from 500 USD
Spreads mid  mid
Platforms Web MetaTrader 4 Specific
Instruments Currencies Indices Metals Energies Softs
Funding methods Wire Transfer Credit Cards Skrill Neteller

Company information

Equiti group includes 3 related companies.

Equiti UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
Equiti UAE - located in the United Arab Emirates, licensed by Dubai Multi Commodities Centre (DMCC), regulated by the Securities & Commodities Authority (SCA).
Equiti JO - located in Jordan, regulated by the Jordan Securities Commission (JSC).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

Equiti group accepts clients from all over the world, excluding USA, Belgium, Canada, Singapore and some jurisdictions where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

70+ Currency Pairs Based on major and minor world currencies.
11 Indice Cash CFDs Based on baskets of different blue-chip stocks.
12 Indice Futures Based on baskets of different blue-chip stocks and US Dollar Index.
9 Metal Spot CFDs Based on Gold, Silver, Platinum, Palladium and Copper.
2 Metal Futures Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
3 Soft Futures Based on Coffee, Cotton, Cocoa.

Comprehensive review

Equiti is a global forex & CFD broker with offices in the UK, the UAE, and Jordan. The broker is also fully regulated in each of the three jurisdictions where it has a physical presence. This includes oversight by the UK’s Financial Conduct Authority (FCA) and the European Securities and Markets Authority (ESMA), which is usually a good sign for any broker.

As a consequence of being regulated within the EU, EU-based traders are allowed a maximum trading leverage of 1:30 on the most liquid assets, and even less on more volatile assets. For traders from other countries, Equiti offers high leverage of up to 1:500, which is in many ways the industry standard among high leverage forex brokers.

The trading instruments that Equiti offers its clients includes a selection of more than 70 forex pairs, which is far more than what most other forex brokers offer. In addition to forex, however, Equiti also offers trading in CFDs that track the price of a large range of assets, including stock indices, various energy and agricultural commodities, as well as all four precious metals (gold, silver, platinum, and palladium).

All instruments can be traded on both of the two account types that the broker offers, which is an Executive account and a Premiere account, respectively. Although both of these account types are referred to as “Market execution ECN” accounts, the former resembles more of a beginner friendly (STP-type) trading account with wider spreads and commission-free trading, while the latter more closely resembles a classic ECN account with tight spreads and commissions on all trades.

For the Premiere account, which is the preferred option for experienced traders with larger trading accounts, the spreads start from 0.2 pips, and the commission is USD 70 per $1 million traded in forex. This certainly does not make Equiti the cheapest broker for high-volume traders, but instead places it somewhere in the middle of the field among its competitors.

Sadly, however, the minimum deposit required to open a Premiere account is USD 20,000, which we realize may be beyond the budget for many traders. If that’s the case, the second-best option is to open an Executive account with a minimum deposit of just USD 500.

As many other brokers, Equiti has chosen to stick with the MetaTrader 4 (MT4) as its trading platform of choice. Given that this platform is so widely known in the forex trading community, it probably does not need any further introduction here. However, it should be emphasized that this is by now a rather old trading platform. Still, it remains incredibly popular largely thanks to the unmatched selection of automated trading strategies and technical indicators that can be found in the integrated marketplace.

In terms of customer service, Equiti does not disappoint either. Although the broker has provided an extensive FAQ section with answers to most questions related to both the sign-up process and trading, it is still possible to contact the broker directly via either email, live chat, or local phone numbers for the UK and Jordan.

In conclusion, we consider Equiti to be a solid choice as a forex broker for both new and experienced traders. In general, it is safe to assume that brokers that are overseen by several reputable regulatory agencies are reliable and trustworthy, and this can certainly be said about Equiti as well. We therefore have no reservations against recommending Equiti as a reliable forex & CFD broker.

No reviews from traders yet.
Rating