Equiti Review 2022

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Equiti is a global forex & CFD broker offering a proprietary webtrader platform & MT4.

InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit$500
Payment Methods
Min. Trade0.01 lots
Regulated ByFCA, JSC, DMCC, SCA, CMA
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes (EAs)
Social TradingYes
Copy TradingNo
Trade SignalsYes
Islamic AccountYes
Guaranteed Stop LossNo
Commodities
  • Gold
CFD TradingTrade CFDs on large indices, individual UK & EU shares, plus forex & commodities
CFD FTSE Spread1.2
CFD GBPUSD Spread0.2
CFD Oil Spread0.028
CFD Stocks SpreadVariable
CFD Leverage1:500
Forex TradingTrade major, minor & exotic FX pairs
Forex GBPUSD Spread0.2
Forex EURUSD Spread1.6
Forex EURGBP Spread0.9
Forex Assets65
Risk Warning – Your capital is at risk

The Equiti Group is a global broker offering trading in forex, shares, indices, and commodities. Clients benefit from the award-winning MetaTrader 4 (MT4) and MetaTrader 5 (MT5) desktop platforms and mobile apps. Our review details their trading fees, leverage, demo account, and more.

Find out whether to register for an Equiti trading account today.

Equiti Overview

The company has branches all over the world to meet different regulatory demands and client needs. Equiti Group Limited Jordan is regulated by the Jordan Securities Commission while Equiti Capital UK Limited is licensed by the Financial Conduct Authority.

EGM Futures is regulated in the UAE by the Dubai Multi Commodities Centre.

The company’s 300 staff can be found in offices across the world, from London to Florida.

Trading Platforms

Equiti offers a downloadable trading platform from MetaQuotes – MetaTrader 4 (MT4), plus a web-accessible proprietary interface – Equiti EQ Trader.

MT4

MT4 has become the gold-standard for forex and CFD trading, providing an intuitive environment for newcomers and experienced traders alike. As well as deep trading histories, clients get 30 advanced charting tools, 50 technical indicators, nine timeframes, plus automated trading capabilities through Expert Advisors (EAs).

MT5

For advanced traders, the Equiti Group also introduced MetaTrader 5 in 2022. The terminal offers extensive customisation, close to 40 technical indicators, an unlimited number of charts, plus instant and pending orders.

The MT5 terminal is an excellent addition and will meet the needs of veteran traders looking to conduct in-depth technical analysis and employ automated trading strategies. The platform is available as a free download or via web browsers.

Equiti EQ Trader

Equiti EQ Trader is a web-enabled platform so no download is required. Six charting types are available, along with nine timeframes, 25 analysis tools, and 48 indicators, plus a creation wizard for custom indicators. The platform is available in six time zones and facilitates trading in forex, commodities, stocks, indices, and precious metals, with a favourite function. The webtrader platform also comes with standard risk management tools, such as stop losses and take profits.

Equiti WebTrader platform
Equiti WebTrader platform

Popular Alternatives To equiti

  1. OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus

    OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.

  2. Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

  3. NinjaTrader offer investors futures and forex trading. Use auto-trade algorithmic strategies and configure your own platform while trading with the lowest costs.

Assets

Over 170 tradeable instruments are available, including shares from the UK, EU, and US markets, totalling 115 companies. There are also 15 global stock indices, eight commodities, including energies and precious metals, plus over 60 forex pairs.

Although a decent range of products, the addition of cryptocurrencies would be welcome.

Spreads & Commissions

Spreads with Equiti are competitive, especially for the Premiere account, which has spreads from 0.2 pips for major pairs. The Executive account spreads are typically between 1.6 and 2 pips for the same pairs.

Equiti also charges commissions on trades, though only for Premiere 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.

Rollovers are charged on positions held past 20:45 GMT. These swaps are variable, changing with the instrument and market. Accounts that are inactive for 180 days are charged a monthly fee.

Leverage

Equiti works on a fixed leverage scheme with a maximum level of 1:500 available for major and minor forex pairs. Exotic pairs can access one-tenth the leverage rates of other pairs and shares are further reduced, with rates on US shares up to 1:20 and UK & EU shares up to 1:10.

Mobile Apps

Equiti offers a mobile app for trading on the go. The app is compatible with iOS and Android devices and has almost all the capabilities of the desktop version, though with fewer customisation options and analysis tools. There is, however, real-time market news, notifications and one-touch trading. Your desktop login credentials should work on the mobile app.

Payment Methods

Accounts can be funded by bank wire transfer, payment cards, Neteller, and Skrill. Bank transfers take one to three working days to be processed while other methods take one day. There is no minimum deposit for wire transfers, but other options have a $30 minimum limit. It should be noted, however, that the first deposit must be a minimum of $500. No fees are charged for deposits.

Withdrawals can be made through all the same methods, though fees are charged on all options except payment cards. Neteller and Skrill withdrawals are processed within one working day, but wire transfers can take three to five days and payment cards between five and 14 working days.

Demo Account

Equiti offers a demo account for new clients to get to grips with forex trading, the broker, and the trading platforms. Funded with simulated money in a real-time market, there is no risk to personal capital and accounts can be used to explore strategies and experiment with new charting or analysis techniques.

Deals & Promotions

At the time of writing, there are no welcome bonuses or promotions offered by the Equiti Group. However, this may change, so check the broker’s website before you create an account.

Regulatory Status

Equiti Group Ltd. is licensed by the Jordan Securities Commission (JSC) and is authorised to provide trading services within MENA. Equiti Capital UK Ltd. is licensed by the UK Financial Conduct Authority (FCA) and is authorised to provide services within the European Economic Area (EEA). EGM Futures DMCC is licensed by the Dubai Multi Commodities Centre (DMCC) and regulated by the Securities and Commodities Authority (SCA). EGM Securities Ltd. is licensed in Kenya by the Capital Markets Authority (CMA) to provide services in Africa. Finally, Equiti AM CJSC is licensed by the Central Bank of Armenia.

Overall, Equiti is a legitimate broker and customers will have a complaints avenue in their jurisdiction, should an issue arise.

Additional Features

Customer reviews point to the limited additional tools that are available from the client portal. There is a helpful commission calculator, economical calendar, and FIX API for UK and EEA clients, but there aren’t the in-depth training guides and tutorials found at many brokers. As a result, beginners looking for additional support may be disappointed.

Equiti economic calendar
Equiti economic calendar

Account Types

Two account types are available:

Executive

Premiere

Benefits

There are several benefits to opening an account with Equiti:

Drawbacks

The broker could improve in several areas:

Trading Hours

The forex market is open 24 hours a day, 5 days a week. Metals have the same trading hours but there is a break at 21:00-22:00 GMT during British summer time and 22:00-23:00 GMT during daylight saving time. A full calendar with holidays and irregular market times for assets is available on the website.

Customer Support

Equiti’s 24/6 customer support team can be contacted via:

Staff are friendly, helpful and can assist in multiple languages.

Safety

Personal data is held in secure cloud facilities while the website uses SSL encryption technology. User funds are also segregated from the company’s cash and client fund insurance is available up to $1,000,000 per client.

Equiti Verdict

Equiti is a leading international forex and CFD broker. Offering the MT4 platform, mobile app, and multilingual support, they’re a good all-rounder. To improve further, we’d like to see cryptocurrency trading added to the platform and additional training resources for beginners.

Accepted Countries

Equiti accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Equiti from United States.

Compare Equiti

Compare Equiti with similar brokers that accept traders from your location. Among available brokers these are the most similar to Equiti:

  1. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  2. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  3. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  4. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.

Equiti Comparison Table

Compare Equiti With Similar Brokers
Equiti AAAFx World Forex InstaForex IG Group
Rating 3 3.9 4.1 4.4
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $500 $10 $1 $/€1 £250
Minimum Trade 0.01 lots 0.01 lots 0.01 Lots 0.01 Lots 0.1 lots
Regulators FCA, JSC, DMCC, SCA, CMA HCMC (Greece), FSCA (South Africa) SVGFSA BVI FSC FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin
Bonus 100% Deposit Bonus available for Global clients 100% Deposit Bonus 30% – 100% Welcome Bonus
Education No No No No Yes
Platforms MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5 MT4
Leverage 1:500 1:30 EU, 1:500 Global 1:1000 1:1000 1:30
Payment Methods 4 9 10 11 6
Detailed Comparison Equiti vs AAAFx Equiti vs World Forex Equiti vs InstaForex Equiti vs IG Group
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Compare Trading Instruments

Compare Equiti Trading Instruments
Equiti AAAFx World Forex InstaForex IG Group
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No No Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No No No Yes
Silver No No Yes Yes Yes
Corn No No No No No
Crypto No Yes Yes Yes Yes
Futures No No No Yes Yes
Options No No No No Yes
ETFs No No No Yes Yes
Bonds No No No No Yes
Warrants No No No No No
Spreadbetting No No No No Yes
Volatility Index No No No No Yes

Equiti vs Other Brokers

Compare Equiti with any other broker by selecting the other broker below.

Equiti vs

FAQ

What's the minimum deposit to open an Equiti account?

Clients need to deposit a minimum of $500 when they open a live trading account. However, after the first deposit the minimum deposit requirement drops to $30 for most methods and there is no minimum for bank wire transfers.

What leverage is available with Equiti?

Equiti offers maximum leverage up to 1:500. However, leverage does vary depending on the instrument traded. See the broker’s website for details.

Is Equiti a safe broker to trade with?

Equiti is a legitimate and trustworthy online broker. The company is regulated in multiple jurisdictions around the world, including the UK Financial Conduct Authority (FCA).

Does Equiti offer a demo account?

Yes, traders can open a demo account from the broker’s website. The practice account is funded with virtual cash so users can test the platform and broker. The demo account can be closed and a real-money trading account can be opened when clients are ready.

Does Equiti offer a swap free account?

Yes – Equiti offers an Islamic friendly swap-free account. Speak to customer support to open an account.

Equiti is a global forex & CFD broker offering a proprietary webtrader platform & MT4.

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