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Equiity Review, Test & Rating in 2024

Autor: Florian Fendt — Updated in Jun 2024

Equiity Trader Rating

Rated 4.3 out of 5
4.3/5 stars (6 reviews)
Equiity, an innovative online brokerage, endeavors to provide exceptional trading services to traders globally. It operates under MRL INVESTMENTS (MU) LTD, a registered Investment Firm in Mauritius. Equiity offers an extensive selection of financial instruments, including forex currency pairs, cryptocurrencies, commodities, indices, and shares of major corporations. The broker prioritizes transparency and regulatory compliance, holding a license (GB21027168) from the Mauritius Financial Services Commission. Additionally, Equiity offers support in seven languages, ensuring clients receive assistance in their preferred language. With a commitment to trust and dependability, Equiity aims to deliver a transparent investment experience while adhering to the highest international regulatory standards.
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Summary about Equiity

Equiity is an online trading platform that is regulated and offers a broad range of financial instruments, such as forex, commodities, stocks, indices, and cryptocurrencies. With access to around 200 trading instruments and a variety of account types, traders of all levels of experience can choose the account type that suits their individual trading goals and preferences. Equiity also offers fifth decimal trading, hedging, and swap discounts for Gold and Platinum account holders, and client funds are kept segregated from company funds in tier 1 banking institutions.

Equiity's user-friendly trading platform is available on both desktop and mobile devices and offers advanced trading tools, such as market news alerts, webinars, and videos to help traders stay informed on the latest market trends and news. The broker also offers automated trading services through Mirror Trading and RoboX, which can help traders make informed trading decisions, but traders should be aware of the associated risks before using these services.

Equiity is a reliable choice for traders looking for a transparent and secure trading environment with excellent customer support. The broker is fully licensed and regulated by the Financial Services Commission (FSC) of Mauritius, ensuring compliance with the highest international regulatory standards.

Equiity review highlights
Minimum deposit in USD250€
Trade commission in USD0€
Withdrawal fee amount in USD0€
Available trading instruments200
Pro & Cons of  Equiity

What are the pros & cons of Equiity?

What we like about Equiity

Equiity offers several key advantages that traders should consider:

  • Advanced Trading Platform: Equiity provides traders with a modern and user-friendly trading platform that is available on desktop and mobile devices. The platform comes equipped with advanced trading tools and features, including real-time quotes, customizable trading indicators, and advanced charting capabilities, allowing traders to make informed decisions.
  • No Fees for Deposits and Withdrawals: Equiity does not charge any fees or commissions for deposits or withdrawals, making it easier and more cost-effective for traders to manage their funds. The broker accepts various payment methods, including credit and debit cards, bank transfers, and e-wallets, for added convenience.
  • Access to CFD Futures: Equiity offers traders access to CFD futures, allowing them to diversify their trading portfolio across a range of markets and instruments according to their preferences.
  • Automated Trading Services: Equiity offers traders automated trading services through its RoboX and Mirror Trading platforms. These services allow traders to view, analyze, and evaluate signals sent by Strategy Providers and execute the signals in their own trading account with the broker. Automated trading tools can help traders make informed decisions and potentially increase their profitability.
  • Modern Platform
  • Free deposit & withdrawal
  • CFD Futures
  • RoboX & Mirror Trading

What we dislike about Equiity

Before traders open an account with Equiity, they should take into consideration the potential disadvantages:

  • Higher than average spreads: Equiity's spreads may be considered higher than the industry standard, which could result in higher trading costs and impact profitability.
  • Market Maker model: Equiity operates on a Market Maker model, which means that it takes the other side of its clients' trades. While this may allow for faster trade execution, it can also lead to a potential conflict of interest between the broker and its clients. However, Equiity claims an average execution speed of 0.06 seconds for its gold account.
  • Inactivity Fees: Equiity charges inactivity fees for accounts that have been inactive for more than 60 calendar days, which can range from 160 EUR to 500 EUR, depending on the length of the inactivity.
  • Limited Trading Assets: While Equiity offers a variety of financial instruments such as forex, commodities, stocks, indices, and cryptocurrencies, some traders may find the number of trading assets relatively small compared to other brokers. This may limit traders' ability to diversify their portfolios and potentially miss out on trading opportunities.

Traders should carefully weigh these potential disadvantages against the benefits of working with Equiity before opening an account. They should also fully understand the risks associated with trading CFDs and ensure they are comfortable with Equiity's trading conditions before investing.

  • Above average spreads
  • Market Maker model:
  • Inactivity Fees
  • "Only" 200 trading assets:
Available Trading Assets at  Equiity

Available trading instruments at Equiity

Equiity provides traders with a comprehensive range of assets from various categories. The platform offers forex currency pairs, including major, minor, and exotic pairs such as EUR/USD, GBP/USD, USD/JPY, USD/ZAR, and USD/MXN. Crypto enthusiasts can trade popular digital assets like Bitcoin, Ethereum, Litecoin, and Ripple, while commodity traders can access precious metals like gold, silver, and platinum, as well as energy commodities like crude oil and natural gas. Additionally, Equiity offers indices, including popular options like S&P 500, NASDAQ, and FTSE 100, among others. The trading platform features high-speed execution and a range of customizable tools to suit the needs of traders.

 Equiity Review

Conditions & detailed review of Equiity

Equiity is an online trading platform that offers a broad range of financial instruments, such as forex, commodities, indices, stocks, and cryptocurrencies. The broker is authorized and regulated by the FSC of Mauritius, which ensures the highest international regulatory standards and best business practices are followed.

Traders can access Equiity's user-friendly trading platform on both desktop and mobile devices. It offers various tools and resources to help traders make informed investment decisions and is customizable to traders' individual needs and preferences.

Equiity offers several account types with different benefits such as varying trading leverages and access to webinars. Clients with Gold and Platinum accounts are entitled to a swap discount of 25% and 50%, respectively. This feature can save them on swap fees and potentially increase profitability.

Depositing and withdrawing funds is quick and easy, with a range of payment options available. Equiity accepts various payment methods, including Maestro, Visa, Mastercard, Skrill, Neteller, and Bank Transfer, and does not charge any fees or commissions for deposits or withdrawals.

Equiity offers Mirror Trading and Robox services, allowing traders to view, analyze, and evaluate signals sent by Strategy Providers and execute the signals in their own trading account with the broker.

The broker values the safety of funds and employs the latest technology to ensure that funds and personal data are kept secure at all times. Equiity also employs AML policies and data encryption to prevent data theft and unauthorized access by third parties.

However, Equiity does not offer genuine stocks for trading, only contracts for difference (CFDs) on stocks, which can expose traders to additional risks. Additionally, the broker does not offer guaranteed stop loss orders, which can be a disadvantage for traders who want to limit their potential losses.

Trading Platform of  Equiity

Software & trading platform of Equiity

Equiity's trading platform is designed to be user-friendly and accessible to traders on both desktop and mobile devices. With access to a broad range of financial instruments, traders can choose from about 200 trading instruments, including forex, commodities, stocks, indices, and cryptocurrencies. Equiity's platform features advanced trading tools such as real-time quotes, customizable trading indicators, and advanced charting capabilities. The Economic Calendar also displays critical economic events and data releases that can affect the financial markets, allowing traders to make informed decisions.

equiity webtrader

Equiity's trading platform is available in multiple languages, making it accessible to traders worldwide. The platform is secured with SSL encryption, ensuring the safety of all financial transactions and personal information.

Equiity also offers Mirror Trading and RoboX services, which allow traders to execute signals from providers of trading signals automatically. The services are provided in collaboration with Tradency and enable traders to view, analyze and evaluate signals sent by Strategy Providers before executing them in their trading account. Forex Mirror Trader offers clients three methods of trading: Automatic Mirror Trading, Semi-Automatic Mirror Trading, and Manual Trading. Robox provides clients with the ability to add packages to their trading account, which will automatically open and close orders. However, it's essential to note that margin trading on financial markets carries risks, and past trading results are not indicative of future results.

Different Trading Accounts at Equiity

Your account at Equiity

Equiity provides various account types to accommodate the needs of traders at all experience levels, including Silver, Gold, Platinum, and Islamic accounts. Each account type offers unique benefits, such as different trading leverages, access to webinars, and bonuses, that cater to different traders' trading goals and preferences.

  • The Silver account is suitable for novice traders and provides a maximum leverage of 1:200. It includes access to educational materials and webinars to aid clients in learning about the financial markets and trading strategies.
  • The Gold account is aimed at experienced traders and provides a maximum leverage of 1:200. In addition to the benefits of the Silver account, Gold account clients receive personalized support from a dedicated account manager and access to exclusive webinars.
  • The Platinum account is designed for advanced traders and provides a maximum leverage of 1:500. Along with the benefits provided by the Silver and Gold accounts, Platinum account clients receive a 50% swap discount that can help to increase their profitability.

Equiity also offers Islamic accounts for clients who wish to trade in accordance with Shariah law. Islamic accounts do not accumulate swap fees, which adheres to the prohibition of paying or receiving interest in Islamic finance.

Clients can easily switch between account types or open multiple accounts to meet their changing trading needs and preferences. The process is straightforward and can be accomplished through the client portal.

In conclusion, Equiity's diverse range of account types is designed to cater to traders of all levels, offering different advantages to meet their unique trading goals and preferences.

FeaturesSilverGoldPlatinum
News Alert
Dedicated Account Manager
Webinars & Videos
Islamic
Dedicated support
Fifth Decimal
Hedging
Swap Discount25%50%

By regulation, every new client must go through some basic compliance checks to ensure that you understand the risks of trading and are admitted to trading. When you open an account, you will probably be asked for the following items, so it is good to have them handy: A scanned colour copy of your passport or national ID A utility bill or bank statement from the last six months with your address You will also need to answer a few basic compliance questions to confirm how much trading experience you have. It is therefore best to take at least 10 minutes to complete the account opening process. Although you can explore the demo account immediately, it is important to note that you cannot make any real trading transactions until you have passed compliance, which can take up to several days depending on your situation.

How to close your Equiity Account?

If you want to close your Equiity account the best way is to withdraw all funds and then send and email to support@equiity.com from the E-Mail that your account is registered with. Equiity may try to call you to confirm your account closure.

To EquiityDeposit and Withdrawals at  Equiity

Deposits and withdrawals at Equiity

Equiity ensures its clients have a secure and hassle-free transaction experience by offering a range of deposit and withdrawal options. The broker accepts payments through credit and debit cards, bank transfers, Skrill, Neteller, and other popular e-wallets.

Depositing funds into an Equiity trading account is quick and straightforward. By logging into the account and selecting the deposit option, a deposit can be made using the preferred payment method. The minimum deposit amount is 250 EUR, and there are no deposit fees charged by Equiity. However, some payment service providers may impose their own fees or conversion charges, which are the client's responsibility.

Equiity processes withdrawals within 72 hours of receiving the request, and clients have several withdrawal methods to choose from. To withdraw funds, clients can log in, select the withdrawal option, choose the preferred withdrawal method, and enter the withdrawal amount. Equiity does not charge any withdrawal fees, but clients should confirm with their payment service provider for any applicable fees or conversion charges.

Equiity prioritizes the safety and security of client funds. The broker keeps client funds in segregated accounts with tier 1 banking institutions, ensuring that they are protected and cannot be used for any other purpose. Equiity also utilizes the latest technology and encryption protocols to protect its clients' personal and financial data.

Equiity also offers negative balance protection, which ensures that clients cannot lose more than the amount deposited in their trading account. This feature is particularly important for new traders who may face a higher risk of incurring losses. With negative balance protection, clients can trade with confidence, knowing that their risk is limited to the funds they have deposited in their account.

Service of  Equiity

How is the service at Equiity

Equiity prioritizes its clients' needs by offering exceptional customer service through multiple channels. The broker recognizes the significance of providing high-quality customer support and strives to surpass its clients' expectations.

Equiity's customer service team is available 24/5 and can be reached through various methods such as live chat, email, and phone. The team comprises experienced and knowledgeable professionals who are committed to delivering swift and efficient solutions to clients' inquiries or concerns.

To access Equiity's customer support, clients can use the following methods:

In addition to its responsive customer support, Equiity provides a plethora of educational resources and materials to help clients improve their trading skills and knowledge. These resources include webinars, tutorials, eBooks, and articles covering various trading and investment topics.

Moreover, Gold and Platinum account holders receive a dedicated account manager who can offer personalized support and assistance. Equiity's account managers are experienced professionals who are well-versed in the financial markets and can provide clients with insights and advice to help them achieve their trading objectives.

Is  Equiity regulated and secure or scam?

Regulation & Safety at Equiity

Equiity, an online trading platform, is fully regulated by the Financial Services Commission (FSC) of Mauritius under MRL Investments (MU) Ltd, a registered company in Mauritius. The company operates in compliance with the Mauritius Financial Services Act 2007, and its license number is GB21027168.

As a regulated broker, Equiity is committed to upholding strict regulatory requirements and complying with international laws and standards. The company aims to provide a transparent investing experience to its clients by following the highest international regulatory standards and best business practices in pricing, commissions, and procedures.

Equiity's compliance with laws and regulations, client fund security and protection, and adherence to anti-money laundering (AML) policies and data encryption to prevent data theft and unauthorized access by third parties is regulated by the FSC of Mauritius.

Besides regulatory obligations, Equiity upholds a strict code of ethics and professionalism to ensure that its employees conduct themselves with integrity and in the best interests of the clients. The company strives to offer a safe and secure trading environment, emphasizing transparency and accountability in all operations.

Highlights of Equiity

Finding the right broker for you is not easy, but hopefully you now know if Equiity is the best choice for you. If you are still unsure, you can use our forex broker comparison to get a quick overview.

  • ✔️ Free Demo Account
  • ✔️ Max. Leverage 1:500
  • ✔️ Negative Balance Protection
  • ✔️ +200 Available Trading Assets

Frequently asked questions about Equiity

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Is Equiity a good broker?

Equiity has advantages and disadvantages like every broker. The spreads are quite high for the basic account.

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Is Equiity a scam broker?

Equiity is a legit broker operating under FSC oversight. No scam warning has been issued on the FSC website.

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Is Equiity regulated and trustworthy?

Equiity remains fully compliant with FSC rules and regulations. Traders should view it as a safe and trusted broker.

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What is the minimum deposit at Equiity?

The minimum deposit at Equiity to open a live account is 250€.

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Which trading platform is available atEquiity?

Equiity offers the core MT4 trading platform and a proprietary WebTrader.

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Does Equiity offer a free demo account?

Yes. Equiity offers an unlimited demo account for trading beginners or testing purposes.

Author of the review

Florian Fendt
An ambitious investor and trader, Florian founded BrokerCheck after studying economics at university. Since 2017 he shares his knowledge and passion for the financial markets on BrokerCheck.

At BrokerCheck, we pride ourselves on providing our readers with the most accurate and unbiased information available. Thanks to our team’s years of experience in the financial sector and feedback from our readers, we have created a comprehensive resource of reliable data. You can therefore confidently trust the expertise and rigor of our research at BrokerCheck. 

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Trader Rating
Rated 4.3 out of 5
4.3/5 stars (6 reviews)
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