equiti Review
- Excellent trading platform
- Very safe & secure broker
- Strong regulations
- Competitive spreads and commissions
- No live chat options
- Narrow range of tradeable assets compared to many top online trading brokerages
The Equiti online trading brokerage offers their clients the opportunity to trade forex and CFDs on indices, commodities, and precious metals. Equiti is owned and operate by Equiti Group Ltd. which is the parent company of numerous forex and CFD brokerages throughout the world. Equiti Group Ltd. was established in 2008 with their headquarters located at 69 Wilson Street, London EC2A 2BB, UK. Though the company is headquartered in the UK, they have expanded to become a global company with offices in the Middle East, North America, Europe, and the Asia Pacific regions. Since the brokerage is global, they fall under the regulation of numerous regulatory agencies including the Jordan Securities Commission (JSC), the Financial Conduct Authority (FCA), the Dubai Gold and Commodities Exchange (DGCX), the Dubai Multi Commodities Centre (DMCC), and the Securities & Commodities Authority (SCA). Even though Equiti is such a global brokerage, the only supported languages are English and Arabic and the countries which are strictly not accepted by this broker are the United States, Canada, and Singapore. Equiti is a very large and successful online trading brokerage, but are they right for you? In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets Equiti apart from the competition and whether or not they can be trusted.
Trading Platform
Equiti provides their clients with the most popular forex & CFD trading platform of all time, the MetaTrader4 (MT4) platform. This platform is highly sophisticated and loved by traders around the world for it’s advanced features and easy to use interface. The platform is ultra-fast resulting in instant market execution, so traders can lock in the prices they desire. The MT4 platform comes with a complete charting package with a number of diverse technical indicators, numerous drawing and analysis tools, advanced alerts and trading signals, and cross platform compatibility. Traders can download mobile applications for both Apple and Android smart devices for trading while on the go. Also, one of the most impressive features of the MT4 trading platform is the ability to import automated trading strategies known as Expert Advisors (EAs). These strategies can be modified and created by users who have the know-how and can be very useful. All in all, most every trader will be happy with the MT4 trading platform as it accommodates the needs of both advanced and beginner traders, although it is better suited for advanced traders.
Exchange Markets
Equiti offers their traders a decent amount of tradeable assets across the markets of forex, precious metals, commodities, and indices. Some of the other major online trading brokerages offer a much broader range of tradeable assets across many markets, but Equiti is more specialized than them. See some aspects about the markets Equiti offers trading in below.
Foreign Exchange Market (Forex)
- Total of 61 currency pairs
- 12 Major currency pairs
- 16 Minor Currency pairs
- 33 Exotic currency pairs
- Competitive variable and fixed spreads available
Precious Metals
- Gold (average spread of 2.5 pips)
- Silver (average spread of 1.7 pips)
- Palladium (average spread of 7.9 pips)
- Platinum (average spread of 11.9 pips)
Commodity CFDs
- WTI Crude Oil (average spread of 3.7 pips)
- Brent Crude Oil(average spread of 3.7 pips)
- High Grade Copper(average spread of 4 pips)
- Natural Gas(average spread of 7 pips)
Indices CFDs
- 10 of the most popular world Indexes
Fees and Commission
Equiti charges fees in variety of ways, all of which are dependent on which type of account the trader has. Equiti offers traders a Premiere Account or an Executive Account. The Premiere Account is the standard account and charges a commission on traders for the ECN setting. The Executive Account is for more experienced high-volume traders and does not charge traders any commissions and has an average spread of 1.6 pips on the 60 available currency pairs. Both account types offer variable spreads and are quite competitive compared with the industry standards. For example, the average spread on the EUR/USD currency pair in the Premiere Account is 0.4 pips and 1.7 pips for the Executive Account.
Security and Fairness
Equiti is a very safe and secure online trading brokerage as they have years of experience in the industry and are regulated by numerous reputable regulatory authorities. These regulations ensure the integrity of Equity and keep users safe. As well, Equiti employs the latest security measures such as SSL encryption on all transactions to protect user funds and personal information. Also, client funds are held in segregated bank accounts which ensures the safety of their funds in the event of broker insolvency. All in all, Equiti is a very safe, secure, and fair online trading brokerage.
Support
Equiti offers their customers support through email and telephone and is available 2 hours a day, 5 days a week. The brokerages support services are not as intricate and vast as many other online trading brokerages but is sufficient enough as the support representatives are friendly and professional. Additional methods of support include and extensive FAQ page and an educational training academy.
Conclusion
All in all, Equiti is a competent online trading brokerage who specializes in the trading of forex, precious metals, and CFDs on commodities and indices. The brokerage does not offer as many financial assets as some other popular brokers but that’s okay because the services they offer are top of the line. The trading platform featured by Equiti is very sophisticated and popular among traders, and the fees and commissions are very reasonable and quite competitive. Equiti is an excellent option as a global online trading broker.
Equiti Q&A
The following are the common questions that customers inquired about Equiti.
Is Equiti regulated?
Yes, it is regulated by the JSC, FCA, DGCX, DMCC, and the SCA.
Is Equiti a scam?
No, Equitiis a legit broker and has a great reputation.
Where is Equiti based?
Equiti’s main headquarter are based at 69 Wilson Street, London EC2A 2BB, UK.
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