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Equiti is a global brand connected to Equity Group Ltd., a company that provides services related to FX and CFDs such as prime brokerage.
Equiti Main Highlights
🚀 Minimum deposit: | 500$ |
⚖️ Leverage: | 1: 500 (Maximum) |
🛡️ Regulations & Licenses: | FCA, JSC, DMCC, SCA |
💵 Deposits/Withdrawals: | Bank Wire Transfer Credit cards Debit cards Neteller Skrill Virtual currencies Local payment Solutions (where applicable) |
💻 Trading platform: | MetaTrader 4, MetaTrader 5 |
🌙 Islamic Account: | Yes |
🔗 Main domain: | www.equiti.com |
A Look at Equiti
Equiti is a global online trading brokerage based in the UK that offers trading in multiple financial instruments.
It has offices in the Middle East, North America, Europe and the Asia Pacific region. Equiti employs a No Dealing Desk Execution (NDD) model and utilizes ECN execution technology to create an easy, safe and productive trading experience. It is part of Equity Group Ltd., the parent company of prime brokerage providers.
Equiti Account Types
Equiti offers different account types:
Standard account
The Standard account is perfect for those just starting out in trading or those with some knowledge of the area. It offers a variety of investment opportunities, and the executive account offers the following:
Minimum deposit | N/A |
Platform | MT4, MT5 |
Spreads | 1.4 |
Instruments | FX, Metals, Indices, commodities, crypto, equities |
Pro account
The Pro account offers equal opportunities and flexibility to traders, making it a great choice for those who need individualized options. It is designed for professional traders who have special requirements.
Minimum deposit | 200$ |
Platform | MT4,MT5 |
Spreads | From 0 |
Instruments | FX, Metals, Indices, commodities, crypto, equities |
Invest account
The Invest account is best for experienced traders who need specific features.
Minimum deposit | 500$ |
Platform | MT5 |
Spreads | N/A |
Instruments | 41 fully paid crypto coins as CFDs |
Demo account
Equiti’s Demo Account offers numerous benefits to traders. Beginner traders can utilize the account to hone their trading skills and learn how to trade without risking any capital. Traders who are evaluating different brokers can also test Equiti’s conditions without risking their money. Experienced traders can use the Demo Account to test out their strategies in a simulated live trading environment.
Islamic account
The Islamic Account is specifically designed for Muslim traders who practice Sharia law. This account prevents traders from paying interest on trades held overnight, which is considered wasteful by Islamic teachings. Equiti offers this Islamic Account with similar features as the regular live account, such as minimum deposits, spreads, and more. To open an Islamic Account or find out more about its features, please contact customer service.
Equiti Trading Instruments
Equiti provides the opportunity to trade the following:
Forex
With Equiti, you can trade over 60 currency pairs, from 12 Major pairs, 16 Minor pairs, and 33 Exotic pairs. Depending on the type of account, the spread on each pair is different, but all come with fixed leverage and specific margins. Major and Minor pairs come with a 1:500 leverage and a 0.20% margin, while Exotic pairs have a 1:50 leverage and a 2.00% margin. In addition, you can trade in precious metals, indices, commodities, UK shares, US shares and EU shares.
Metals
- Gold has an average spread of 2.5 pips
- Silver has an average spread of 1.7 pips
- Palladium has an average spread of 7.9 pips
- Platinum has an average spread of 11.9 pips
Indices
- Japan 225
- EU Stocks 50
- France 40
- Germany 30
- Plus many more
Commodities
- Silver/US Dollar (XAG/USD)
- Silver/Euro (XAG/EUR)
- Gold/US Dollar (XAU/USD)
- Gold/Euro (XAU/EUR)
- West Texas Intermediate Crude Oil
- Brent Crude Oil
- Platinum
Equiti Deposits & Withdrawals
At Equiti quick and easy deposits and withdrawals can be completed. Wire/Bank Transfers, debit/credit cards, Neteller or Skrill, are all accepted payment methods. Note that only certain currencies are supported for each option.
- Wires/Bank Transfers – USD, EUR, GBP, AED, SAR, JOD, JPY
- Debit & credit cards – USD, EUR, GBP, AED, SAR, JOD
- Neteller – USD, EUR, GBP, AED
- Skrill – GBP, USD, EUR, JOD, SAR, AED
Transfers take different lengths of time to process depending on the payment method. Debit/credit cards, Neteller and Skrill take up to one working day, while Wire/Bank Transfers can take between 1-3 working days. Each provider also has a minimum deposit requirement, with the exception of Wire/Bank transfers. For debit/credit cards, Neteller and Skrill, this is either 30 USD/ EUR/ GBP/ JOD or 100 AED/ SAR. Equiti does not charge any deposit fees for any of its payment options.
Payment Options and Fees
Equiti offers connections to various payment providers, as well as accepting multiple currencies around the world:
- Wire/Bank Transfers – USD, EUR, GBP, AED, SAR, JOD, JPY
- ️Debit/credit cards – USD, EUR, GBP, AED, SAR, JOD
- ️Neteller – USD, EUR, GBP, AED
- Skrill – GBP, USD, EUR, JOD, SAR, AED
When withdrawing funds, it may take up to one working day for Neteller and Skrill to reflect in the account, while Wire/Bank Transfers may take 3 – 5 days and debit/credit cards may take 5 – 14 days, depending on the card issuer. The minimum withdrawal amount for debit/credit cards, Neteller, and Skrill is 30 USD/ EUR/ GBP/ JOD or 100 AED/ SAR.
When withdrawing funds, Equiti does not charge any fees for credit/debit card transactions. However, other payment providers may charge a fee when withdrawing funds. The minimum withdrawal amount is 25 JOD, 100 AED/ SAR or 50 USD/ EUR/ GBP for bank transfers:
- Bank Transfer or Wire – 100 AED/ SAR, 30 USD/ EUR/ GBP with no fees for payments within Jordan.
- Neteller and Skrill charge a fee of up to 30 US dollars per transaction with a minimum fee of 1%.
Equiti Trading Platform
Equiti only uses two trading platforms, which is fewer than other brokers. MetaTrader 4 is the platform used and does not require any external bridges, which allows for the smooth operation of large trades. It also offers flexible access, with traders being able to place orders from their desktop or mobile device at any time.
MetaTrader 4
- Cross-device and cross-platform trading
- Making decisions with the help of charting package and technical indicators
- Access to research and analytical tools
MetaTrader 5
- Zero platform fees
- Monitor open trades with details about lots, quantity, and milliseconds
- Multiple-thread strategy tester for upgraded accounts
- Trade Forex, cryptocurrencies, indices, commodities, futures, equities, and ETF-CFDs
Equiti Education
Equiti has a part of its website devoted to learning with educational resources. This is in the Academy section.
- Trading guides – covering topics such as what Forex is, how to trade it, rollover, etc.
- Webinars – comprehensive and continuous lectures online
- Educational seminars and workshops
- Videos on various topics
- Glossary
- Infographics
- Publications
Equiti Regulations and License
Equiti is an online trading broker that is regulated by the Financial Conduct Authority (FCA), one of the most respected regulatory bodies.
To protect client funds, Equiti holds them in segregated accounts and is prohibited from using them for operational purposes. Furthermore, they must adhere to stringent standards and must submit regular reports to the FCA.
Furthermore, customers have the added security of the Financial Services Compensation Scheme (FSCS), which provides a financial compensation of up to £50,000 should Equiti become insolvent.
Read more: BDSwiss Review 2023: Is It a Reliable Broker? | Brokers Times
FAQs
Is Equiti a scam?
No, it is a trustworthy broker
Is Equiti securities legit?
Yes, it is a regulated broker.
What is the minimum deposit for Equiti?
500$
Where are the offices of Equiti located?
London, UK
Second Floor, Jouba Complex, Suliman Al Nabulsi St 32, Boulevard, Jordan
P.O. Box 117814, with Parcel ID 367-1014 (Lamborghini Building), Floor 2, Office 202, Dubai, UAE
Equiti Pros
- Secure
- Regulated
- MT4 available
Equiti Cons
- No live chats
- No PAMM services