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Equiity – a name that may be new to some but one that is rapidly gaining attention in the world of forex and CFD trading. As a frequent trader, I was curious to see how Equiity stacked up against the competition, so I decided to analyse & assess this platform through detailed Equiity Review 2023.
Honestly speaking, as someone who’s been burned by hidden fees and convoluted trading interfaces in the past, I’m always on the hunt for an upfront and easy-to-use brokerage. That’s why I was intrigued by Equiity, which bills itself as a more modern, transparent alternative to traditional brokers.
In this Equiity review, I’ll share my research and insights on the broker, exploring what sets it apart from other brokers in the industry and helping you determine whether it’s the right choice for your trading needs.
Equiity is a regulated CFD broker that offers a user-friendly trading platform to trade a range of underlying assets across Forex, Commodities, Cryptocurrencies, Metals, Indices and the Stock market.
With headquarters in the Cybercity area of Ebene, the broker is owned and operated by MRL Investments (MU) LTD, a well-recognized financial services group in Mauritius.
The broker’s platform is designed to provide a user-friendly experience to traders while offering advanced charting tools, technical analysis indicators, and risk management features.
The broker offers a range of features and benefits that may be attractive to traders of all experience levels. Here are some of the reasons:
In our detailed evaluation of the scam test, Equiity has proved itself to be the legit and safest broker to trade with. Moreover, traders can rest assured about the broker’s legitimacy because of the heavy regulations it holds from the Mauritius Financial Services Commission (FSC) – license no GB21027168.
Therefore, the broker must comply with strict rules and regulations designed to protect traders and ensure fair trading practices. The FSC conducts regular audits and inspections of the broker’s operations to ensure that it meets these standards.
In addition to its regulatory compliance, the brokerage also implements strict security measures to ensure the safety of its client’s data and funds from potential cyber threats.
Overall, findings from the detailed Equiity Review 2023 revealed that the broker’s regulatory compliance and commitment to security measures make it a trustworthy trading partner for traders to consider.
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Equiity’s range of account types caters to traders with different needs and experience levels, providing them with access to various features and benefits. The list of available accounts includes Silver, Gold and Platinum.
In addition to these account types, the broker offers an Islamic account for traders who adhere to Islamic finance principles. This account type operates swap-free, meaning no interest is charged on overnight positions.
Also, there is a free demo account, which offers instant virtual funding of $100,000 for practice to familiarise with real market conditions.
Let’s discuss each account type’s features with the help of a comparison table through this detailed Equiity review 2023.
| Features | Equiity Silver Account | Equiity Gold Account | Equiity Platinum Account |
| Initial / Minimum Deposit | $250 | $250 | $250 |
| Average Execution Speed | 80ms | 60ms | 80ms |
| Execution Mode |
|
|
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| Typical Spreads | 28 | 20 Pips (50% Discount) | 18 Pips (75% Discount) |
| Maximum Leverage | 1:200 | 1:200 | 1:500 |
| News Alert | – | – | Yes |
| Dedicated Account Manager | – | Yes | Yes |
| Webinars & Videos | – | Yes | Yes |
| Islamic Account | Accessible | Accessible | Accessible |
| Fifth Decimal | Yes | Yes | Yes |
| Swap Discount | None | 25% | 50% |
Through the detailed Equiity Review 2023, we have listed a step-by-step process for opening a new live account with the broker.
The broker provides a diverse range of trading instruments across multiple asset classes, enabling traders to expand their portfolios and benefit from varying market conditions.
Typically, there are over 300 underlying assets available to trade in. Here’s a list of available trading markets:
Based on our experience while researching for Equiity Review 2023, we would rate the platform’s trading instruments as highly competitive and suitable for traders with different experience levels.
The platform offers competitive trading conditions, such as low spreads and high leverage, making it an attractive option for traders looking for cost-effective trading solutions.
At the same time, it doesn’t even charge commissions on trade. SWAP charges are also minimal compared to other online brokers.
Meanwhile, the spreads are variable and can fluctuate depending on the asset being traded and market conditions.
The Silver Account offers spreads starting from 28 pips, while Gold Account holders enjoy a 50% discount on spreads starting from 20 pips. The Platinum Account offers the lowest spreads starting from 18 pips, with a discount of 75%.
Considering the Equiity Review 2023, the broker’s trading fees are competitive and reasonable.
Equiity offers maximum leverage of 1:500, which is significantly higher than many other brokers in the industry. At the same time, the broker’s offering of negative balance protection ensures that traders cannot lose more than their account balance, even if the market moves against them.
Through this detailed Equiity review 2023, we have presented a quick overview of the broker’s leverage offering:
The broker offers hassle-free and convenient conditions for deposits and withdrawals. At the same time, it implements strict security measures to ensure the safety of clients’ funds and personal information, making the deposit and withdrawal process reliable and secure.
Below is a clear overview of broker deposits & withdrawal conditions through Equiity Review 2023:
The broker offers one of the finest trading platforms – WebTrader, a web-based trading platform for traders, enabling them to access markets from anywhere with an internet connection.
During this Equiity Review 2023, we had a seamless trading experience with it. It also offered a set of trading tools, like real-time quotes, advanced charting capabilities, and technical analysis tools.
Overall, the WebTrader platform offers a streamlined trading experience with the convenience of web-based access. As a result, it is ideal for traders who value flexibility and mobility and seek a reliable and user-friendly platform for their trading activities.
As of now, Equiity does not offer a mobile trading app. However, the broker has announced that it will be launching a mobile app soon to enhance the trading experience of its clients.
Since the app is not yet available, it is unclear whether the broker will offer all the features and functionality available on its web-based platform. However, it is safe to assume that the Equiity mobile app will be optimised for mobile devices and provide a seamless trading experience.
The broker offers a solid range of educational and research resources for traders of all levels. These top-notch research tools include a comprehensive economic calendar, trading signals, market news, and technical analysis reports.
Additionally, the broker offers a good selection of educational resources to help traders hone their trading skills. However, it could be improved by including more educational resources like video tutorials, webinars, and e-books.
The broker has a dedicated customer support team that can easily access through multiple channels, including email, phone, and live chat.
The team is available 24/5 to assist traders with any issues or queries. In terms of the quality of customer support, the broker’s support team is responsive and has a good understanding of the platform and trading in general. They are generally able to resolve issues promptly.
Overall, the broker’s customer support team is easily accessible and helpful, although there is room for improvement regarding response times during peak periods.
After thoroughly analysing the broker’s offerings, we can say that Equiity is reliable and safe to trade with. In terms of fees, the spreads are competitive, and the broker offers hassle-free deposit and withdrawal conditions.
Meanwhile, the broker’s research tools are excellent, but the educational offering could be improved by including additional resources like guides and courses.
Overall, our findings from Equiity Review 2023 highly recommend this broker to both novice and experienced traders.
Yes, the broker offers a Platinum account for experienced traders. In addition, the account offers advanced features like maximum leverage of 1:500, news alert, dedicated Account Manager and swap discount of upto 50%.
The minimum deposit requirement for opening an account with Equiity is $250.
To withdraw money from your account, you must sign in using the Equiity login credentials and select the Withdrawal option from the dashboard.
Then, select your preferred withdrawal method and follow the instructions to complete the process. The time it takes to process withdrawals may differ based on your selected method.
To deposit money into your account, you must sign in using the Equiity login credentials and select the ‘Deposit’ option from the dashboard.
Then, select your preferred deposit method and follow the instructions to complete the process. The processing time for deposits generally depends on your chosen method.
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