Equiti Account Types

 

Equiti Account Types provides five different account types. Standard Account, Pro Account, Invest Account, Islamic Account, and Demo accounts.

Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits.

 

 

Equiti Account Types – Key Point Quick Overview

1. ☑️Who is Equiti?
2. ☑️Equiti Accounts
3. ☑️How to open an Equiti Account
4. ☑️Equiti at a Glance
5. ☑️Equiti Customer Reviews
6. ☑️Conclusion
7. ☑️Frequently Asked Questions

 

Who is Equiti?

 

• According to research in South Africa, Equiti is not only a global brand but also part of Equity Group Ltd., which is the parent company of prime brokerage providers, along with brands that are specifically pertinent to FX and CFDs.
• Equiti is an online trading brokerage that is based in the UK with offices in the Middle East, North America, Europe, and the Asia Pacific regions.
• Equiti has a No Dealing Desk Execution (NDD) model and offers trading in a variety of financial instruments along with a trading experience that is easy, safe, and productive.

 

 

Equiti Accounts

 

Standard Account

 

The Standard account is specifically designed for new and intermediate traders. There is a variety of investment choices available, and the executive account provides the following:

 

 

Pro Account

 

The Pro account provides traders with not only equal opportunities but also flexibility. This type of account is suited for professional traders who have individual requirements.

 

 

Demo Account

 

Equiti offers traders the option of opening a Demo Account, which can be utilized in many ways, including, but not limited to the following:

• A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
• Traders who are evaluating and comparing brokers would like to explore Equiti’s trading conditions in a risk-free environment.
• Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

Islamic Account

• The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law.
• The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.
• Overnight fees are charged should traders hold positions open for longer after the trading day has concluded, and this type of account allows exemption from such fees or interest should they hold positions open for longer.

 

 

What trading accounts are offered by Equiti?

Equiti offers Standard and Premier accounts. The Standard account suits new traders with a $0 deposit, while the Premiere account targets professionals with tighter spreads and a $100 deposit.

 

Are Islamic accounts available at Equiti?

Yes, Equiti offers swap-free Islamic accounts, designed to comply with Sharia law. These accounts remove interest charges on overnight positions.

 

How to open an Equiti Account

Step 1 – Visit the Equiti website

• Go to the official Equiti Group website.

 

 

Step 2 – Click on “Open Live Account”

• Click on the “Open Live Account” tab on the home page of the website to start the process

 

 

Step 3 – Choose your preferred nature of account

• Choose between an individual account and a corporate account.

 

 

Step 4 – Add your personal information

• Insert all your personally requested information in the provided spaces.

 

 

Step 5 – Trading Experience

• Answer all the questions below about your trading experience.

 

 

Step 6 – Verify your identity

• Verify your identity by providing your passport or identity card.

 

 

Step 7 – Your account is ready

• Once your documents have been verified, you are now ready to start trading

 

 

 

Equiti at a Glance

 

Equiti Customer Reviews

• Customers have had different reviews of Equiti on various sites.
• Its rapid implementation, dependable MetaTrader platforms, and variety of instruments that can be traded make it the object of admiration of many traders.
• Responsive customer support and the fast withdrawals, in particular, through e-wallets such as Skrill, are one of the main positive aspects that are mentioned.

 

 

 

You might also like:

Equiti Review

Equiti Account Types

Equiti Demo Account – Step by Step

Equiti Fees and Spreads

Equiti Islamic Account

 

Frequently Asked Questions

 

Which platforms are supported by Equiti?

Equiti supports trading on MT4, MT5 & MQ WebTrader accessible via desktop, mobile, and web browsers.

 

Does Equiti charge commission?

Yes. Equiti charges commission on trades on the Premier accounts. Commission rates are charged at $70 per $1 million for forex pairs and $7 per standard lot on precious metals. All other instruments are commission-free.

 

Is Equiti regulated?

Yes. Equiti is regulated through various regulatory bodies such as the JSC, FCA, DMCC, and SCA.

 

Is Equiti a recommended forex trading broker for experts and beginners?

Yes. Equiti offers a trading environment for both beginner and expert traders.

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons, including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Equiti offer a demo account?

Yes. The broker does offer a demo account that has the same features as the live account.

 

For how long is the demo account valid?

The demo account is valid for 90 days.

 

Does Equiti offer the option of an Islamic Account?

Yes. Equiti offers the option of an Islamic Account for traders of the Muslim faith.

 

Which live trading accounts does Equiti offer?

Equiti offers only an Executive and a Premier live account type, as well as an Islamic Account for Muslim Traders on any of the two live account types.

 

What are the available deposit currencies for a live trading account?

• EUR
• USD
• SGD
• AED

 

What is the minimum deposit for Equiti?

Equiti offers Standard and Premier accounts. The Standard account suits new traders with a $0 deposit, while the Premiere account targets professionals with tighter spreads and a $3000 deposit.

 

How do I make a deposit and withdrawal with Equiti?

• Bank Wire
• Credit cards
• Debit cards
• Neteller
• Skrill
• Virtual currencies
• Local Payment Solutions (where applicable)

 

Does Equiti charge withdrawal fees?

Yes. Equiti does charge withdrawal fees of 10 GBP/EUR and 30 USD on bank wires, and 1% to USD 30 for Neteller and Skrill. Traders should also note that fees from financial institutions may apply.

 

How long does it take to make a withdrawal?

This will depend on the payment method used. Transfers through credit/debit cards and digital wallets are processed within 24 hours. Bank wire transfers take between 3 to 5 days, and local currency 1 to 5 days.