Equiti Review

Overall, Equiti can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, and more to a large global market.  Equiti has a reputable reputation with user-friendly trading conditions.

Equiti at a glance

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Equiti Review – 20 key points quick overview:

1. Who is Equiti?
2. Safe or Scam?
3. Equiti Pros and Cons
4. Leverage
5. Accounts
6. Market Instruments
7. Equiti  vs Etoro vs XM  Comparison Table
8. Equiti Current Popularity Trend
9. Fees
10. Deposit and Withdrawal
11. Trading Platform
12. How to open an Equiti Account
13. Customer Support
14. Education
15. Reasearch
16. Awards
17. Conclusion
18. Equiti Customer Reviews
19. Disclaimer
20. Frequently Asked Questions

Who is Equiti?

According to research in South Africa, Equiti is not only a global brand, but it is part of Equity Group Ltd., which the parent company of prime brokerage providers along with brands is specifically pertaining 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 which is easy, safe and productive. Equiti also makes use of ECN execution technology.

Safe or Scam?

There is a range of established offices through which the Equiti Group operates, and each office holds the necessary license and is regulated according to various regulations. Equiti is authorized and regulated by the FCA, which is one of the strictest and demanding authorizing and regulatory entities. Equiti, as with all other brokerages under FCA, is required to hold net tangible assets which amount to at least 730 000 EUR.

Equiti holds clients’ funds in segregated accounts and is prohibited from using these funds for operational purposes. Equiti is also required to adhere to certain standards and procedures, and regular reports on trades to commission is mandatory. Equiti also falls under the FSCS, which means that should Equity become insolvent, consumers are protected and up to £50,000 is paid out per person in such an event.

Equiti Pros and Cons

Leverage

Due to the risks involved with high leverage levels, the FCA has proposed a leverage cap of 1:50. Although, Equiti gives their traders access to leverage levels of up to 1:500 on Forex and precious metals, 1:200 on CFDs and 1:20 for equities. Depending on the Equiti entity the trader deals with and whether they open the account under FCA regulation or regulations in MENA regions, they may be eligible to higher levels of leverage.

Traders need to acknowledge that with higher levels of leverage comes higher levels of gain, and losses in equal and varying measures.

Accounts

Live 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.

Invest Account

The Invest 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.

Equiti’s demo account sign-up is fully digitalized and hassle-free. It is a free account to open and can be used for a period of 90 days. The demo account has the same features as the live account type and gives traders the opportunity to practice trading without any risk involved. To register for an account can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed the MetaTrader 4 platform.

Islamic Account

The purpose of an Islamic Account is that it caters specifically for 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.

Equiti offers an Islamic Account to Muslim traders who follow Sharia law. Traders must, however, take note that most of the features indicated on the Islamic account is the same as the normal live account such as minimum deposit, spreads, and more. More information on the opening of an Islamic account and its features can be obtained from customer services.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Market Instruments

Equiti offers the following instruments that can be traded:

Forex

With Equiti, over 60 pairs can be traded which range from 12 Major pairs, 16 Minor pairs, and 33 Exotic pairs.

Although the typical spread on currency pairs depends on the type of account the trader has, there is a fixed leverage and specific margins to each currency pair:

➡️️​ Major Currency pairs – Fixed Leverage of 1:500 and a Margin of 0.20%

➡️️​ Minor Currency pairs – Fixed Leverage of 1:500 and a Margin of 0.20%

➡️️​ Exotic Currency pairs – Fixed Leverage of 1:50 and a Margin of 2.00%

Apart from trading in Forex, Equiti also allows traders to trade in precious metals, Indices, Commodities, UK Shares, US Shares and EU Shares.

Equiti offers trade in precious metals such as:

➡️️​ Gold with an average spread of 2.5 pips

➡️️​ Silver with an average spread of 1.7 pips

➡️️​ Palladium with an average spread of 7.9 pips

➡️️​ Platinum with an average spread of 11.9 pips

Indices that can be traded through Equiti include:

➡️️​ Japan 225

➡️️​ EU Stocks 50

➡️️​ France 40

➡️️​ Germany 30, and several more

Commodities that can be traded include:

➡️️​ XAG/USD

➡️️​ XAG/EUR

➡️️​ XAU/USD

➡️️​ XAU/EUR

➡️️​ WTI Crude Oil

➡️️​ Brent Crude Oil, and

➡️️​ Platinum

Equiti also makes provision for the trading in more than 55 US Shares, 13 UK Shares and 13 EU Shares.

Equiti  vs Etoro vs XM  Comparison Table

Equiti Current Popularity Trend

Equiti has definitely gained more popularity over time according to google trend data.

Fees

Equiti has two accounts that it offers namely the Executive and the Premiere account. With the executive account, the minimal required deposit is $500, and this account allows for trading free of commission charges and with costs included in a spread from 1.6 pips. The Premiere account provides traders with significantly more flexibility and trading terms which are competitive, but this type of account requires a minimum deposit of $20,000 and spreads from 0.2 pips.

Equiti also has an overnight policy which is applicable should the trading order be held longer than a day or should the trader trade through a swap-free, or Islamic account. This fee is applicable to the position, which is held, for example:

➡️️​ AU200 with -2.45 short and -1.55 long

➡️️​ AUDCAD with -2.112 short and -3.852 long

➡️️​ AUDCHF with -6.471 short and 1.329 long

Equiti does not have charges linked to deposits or withdrawals, although e-payment withdrawals may require a 1% cost per transaction. Traders should always confirm with payment providers should they have their own charges for which the trader will be liable.

Deposit and Withdrawal

With Equiti, deposits and withdrawals can be made in a simple and straightforward manner. Deposits can be made through either Wire/Bank Transfers, debit/credit cards, Neteller or Skrill. One thing that traders need to take note of is that each payment option has its set of currencies that are supported, such as:

➡️️​ 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

The processing times of transfers also depend on the payment option. Where debit/credit cards, Neteller and Skrill take up to one working day, transfers through Wire/Bank can take between 1 – 3 working days. There is also a minimum deposit required by the different payment providers, except for Wire/Bank Transfer which does not require a minimum deposit.

Debit/credit card, Neteller and Skrill providers have a minimum deposit of either 30 USD/ EUR/ GBP/ JOD or 100 AED/ SAR. There are no deposit fees charged by Equiti on any of the payment providers listed.

Equiti supports the following payment providers, along with the following supported currencies:

➡️️​ 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

With regards to withdrawal arrival time, Neteller and Skrill both take up to one working day for funds to reflect in the client’s account while Wire/Bank Transfers can take up to 3 – 5 working days and debit/credit cards from 5 – 14 working days, depending on the card issuer.

The minimum withdrawal amount varies from provider to provider, although debit/credit cards, Neteller and Skrill all have a minimum of 30 USD/ EUR/ GBP/ JOD and 100 AED/ SAR which is required for a withdrawal.

Wire/Bank Transfers require a minimum of 25 JOD, 100 AED/ SAR or 50 USD/ EUR/ GBP. When withdrawing funds, credit/debit cards do not have any fees charged by Equiti, but other payment providers have the following applicable fees:

➡️️​ Wire/Bank Transfer – 100 AED/ SAR, 30 USD/ EUR/ GBP and no fees charged on Domestic Payments within Jordan

➡️️​ Neteller and Skrill – 1% to 30 USD maximum fees per transaction

Trading Platform

Equiti only makes use of two trading platforms, in comparison with other brokers who rely on more than just these two platforms. MetaTrader 4 is used by Equiti and it does not rely on third-party bridges. There are robust systems that are in place and are engineered in such a way that the demands of large numbers of trades can be coped and dealt with without difficulty. MetaTrader 4 not only allows traders to trade on different devices such as desktop computers and mobile devices, but it also ensures that traders have access at any time of the day, from anywhere in the world.

With MetaTrader 4, traders have access to the following features:

➡️️​ Variety of financial instruments in which trade can occur in

➡️️​ Cross-device as well as cross-platform trading

➡️️​ Decision making based on structured data available in the charting package along with technical indicators

➡️️​ Research and analytical tools available

MetaTrader 5 features include:

➡️️​ Forex, cryptos, indices, commodities, futures, shares & ETF CFDs

➡️️​ $0 platform fees

➡️️​ Open Trades dashboard with Lots, Quantity & Milliseconds

➡️️​ Multi-thread Strategy Tester

➡️️​ Standard, Pro, Elite & Invest accounts

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 or a corporate account.

Step 4 – Add your personal information

Insert all your personal requested information in the provided spaces.

Step 5 – Trading Experience

Answer all the below questions 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

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 0

Regulators

FCA

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

60+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Customer Support

Equiti can either be contacted by completing the online query form, or contact can be made telephonically or via email. Equiti’s website unfortunately does not have a Live Chat function. There is, however, a FAQ section on the website which covers an array of topics ranging from questions about the company, Forex, CFDs, Precious Metals, Accounts, Payments, Trading, MetaTrader 4 and Partnerships.

Education

Equiti has a dedicated area on the website which is dedicated to educational tools. This section can be found under the Academy section.

Equiti provides an array of tools to aid beginner traders in their journey to becoming skilled and experienced. Equiti has the following to offer:

➡️️​ Trading guides – which cover a variety of topics such as what Forex is, how to trade it, rollover, etc.

➡️️​ Webinars – which is not only a comprehensive but continuous program which overs educational lecturers online

➡️️​ Educational seminars

➡️️​ Workshops

➡️️​ Videos covering various topics

➡️️​ A Glossary

➡️️​ Infographics, and

➡️️​ Publications

Research

Equiti offers traders research tools that comprise of trading calculators (Forex, Pip Value and Margins) along with an economic calculator.

Awards

There are no recorded awards obtained by Equiti provided on the website.

Conclusion

Equiti caters not only for professional traders, but also for beginner traders. It has trading conditions which are not only very attractive but suited for all kinds of traders depending on their skills, knowledge and experience. Equiti offers competitive spread and trade in a variety of instruments, along with competitive commission fees and all over a transparent pricing model.

Equiti is a safe and reputable broker which is highly and strictly regulated by the FCA and traders are provided with not only a safe, but versatile trading environment.

You might also like: Equiti Account Types Overview

You might also like: Equiti Demo Account – Step by Step

You might also like: Equiti Fees and Spreads

You might also like: Equiti Islamic Account Overview

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You might also like: Equiti Sign up Bonus

Equiti Customer Reviews

I think it’s a good broker

I think it’s a good broker. I first tried the Demo account and liked it. Then I opened a real account. The deposits and withdrawals were fast processed. The site is convenient and the platform is working well.

Great support

Great support, reliable

The Best Platform

Equiti It is the best platform among the platforms that I have dealt with. I highly recommend it.

Disclaimer

As leveraged products, margined Forex and CFD trading instruments may result in losses that can exceed the initial deposit. Information and products provided by Equiti are for information purposes only, and any decisions made regarding investment are done so at the trader’s own behest.

Traders need to acknowledge and understand the risks that are involved, and they need to ensure that they manage their risk exposure effectively as trade in financial instruments may not be suitable for all traders. Investment advice is not provided by Equiti and traders may consult independent and professional advisors if they feel the need to do so, According to research in South Africa.

Frequently Asked Questions

Does Equiti have a minimum deposit?

Yes, read about Equiti minimum deposit here.

What is the minimum deposit for Equiti?

$500.

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.

How long does it take to make a withdrawal?

Transfers through credit/debit card and digital wallets is processed within 24 hours. Bank wire transfers takes between 3 to 5 days, and local currency 1 to 5 days.