Equiti Review

Advantages of Equiti

  • The entity licensed in the UAE is Equiti Securities Currencies Brokers LLC — Capital Market Authority (CMA, formerly SCA), category 1 licence 20200000026 and category 5 licence 20200000352, commercial registration 1642447. The international entity is Equiti Brokerage (Seychelles) Limited — Seychelles Financial Services Authority (FSA) licence SD064, registration 8428558-1.
  • Account types: Classic (no minimum deposit), Standard, Premier, Micro and Swap Free Mini, plus a demo account.
  • Minimum deposit at the UAE entity: none on Classic, 100 USD on Standard, from 3,000 USD on Premier. At the Seychelles entity: none on Classic, 30 USD on Standard, from 100 USD on Premier.
  • Typical spreads on EUR/USD: zero pips on Premier and 1.4 pips on Standard. On GBP/USD: 0.2 pips on Premier and 2.2 pips on Standard at the UAE entity. On XAU/USD: 0.28 as a typical spread.
  • Commission: none on Classic, Standard and Micro accounts, and 3.5 USD per lot per side on Premier.
  • Maximum leverage reaches 1:500 at the UAE entity and is fixed per instrument (1:500 on EURUSD, GBPUSD, USDJPY and gold, 1:100 on pairs such as USDCHF, 1:50 on exotics). It reaches 1:2000 at the Seychelles entity on selected products.
  • The Swap Free Mini account is available at the UAE entity with no swap or administration fees provided deposits do not exceed 25,000 USD, and is offered on the Standard and Premier accounts on MetaTrader 5. Above that threshold it converts to a standard swap-free account and administration fees apply after a grace period. The Seychelles entity does not advertise an Islamic account.
  • Platforms: MetaTrader 4, MetaTrader 5 and MQ WebTrader — the Classic account is available on MetaTrader 5 and MQ WebTrader only.
  • Deposit and withdrawal methods: Apple Pay, Google Pay, Visa, Mastercard, Skrill, Neteller, bank transfer and instant banking services. Deposits are free of charge, and withdrawal fees are 1% capped at 30 USD on most methods.
  • Bank transfers take one to five days; local bank withdrawal fees are zero and international transfers cost 30 USD.

AboutEquiti:

Equiti operates through several licensed entities. The two that matter to readers in this region are Equiti Securities Currencies Brokers LLC, licensed by the Capital Market Authority in the UAE, and Equiti Brokerage (Seychelles) Limited, licensed by the Seychelles Financial Services Authority. For how it compares with other brokers, see our full forex broker comparison.

Equiti is one of the leading companies in financial technology and an internationally recognized provider of online trading technology and multi-asset financial products.

Equiti offers multi-asset products and multilingual support through its licensed entities.

Equiti’s License

The entity that serves clients in this region is Equiti Securities Currencies Brokers LLC, licensed by the Capital Market Authority in the UAE under category 1 licence 20200000026 and category 5 licence 20200000352 (commercial registration 1642447). Alongside it, the international entity Equiti Brokerage (Seychelles) Limited is licensed by the Seychelles Financial Services Authority under SD064 (registration 8428558-1). Equiti Group also operates other entities in different jurisdictions that do not serve retail clients in this region.

Withdrawal & Deposit at Equiti

Officially published deposit and withdrawal methods are Apple Pay, Google Pay, Visa, Mastercard, Skrill, Neteller, bank transfer (one to five days) and instant banking services. Deposits carry no fee from the company; withdrawal fees are 1% capped at 30 USD on most methods, zero for local bank transfers and 30 USD for international ones.

Open a Real Account

FAQs:

Is Equiti a scam?

In general, it is important for investors to exercise caution and carry out the necessary research on any company promoting investment before making financial decisions. You should verify the company’s licenses, history, track record, and customer reviews to assess its credibility. If any doubts or questions remain, investors should consult professionals in this field.

What is a trading account at Equiti?

A trading account at Equiti is an account designed specifically for professional traders who want to trade financial assets in global markets. It gives clients an easy and effective way to trade Contracts for Difference (CFDs), forex, stocks, indices, and commodities. Equiti offers several types of trading accounts, including:

  1. Demo account: lets clients try the trading system without risking real money.
  2. Classic, Standard, Premier, Micro and Swap Free Mini accounts, each with different minimum deposits and pricing.

Disclaimer: This content is provided for educational purposes only and is not investment advice. Trading forex and CFDs carries a high level of risk, and you may lose your invested capital.

Related articles

Leave A Reply

Your email address will not be published.