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No Regulation
Score
1.45 /10
Danger
EQFX TRADE
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index6.52
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2025-01-02
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| EQFX TRADEReview Summary | |
| Founded | 2-5 years |
| Registered Country/Region | China |
| Regulation | Unregulated |
| Market Instruments | CFD/EFTs/Stocks/Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0.2 pips |
| Trading Platform | MT5(Desktop/Web/Mobile(iOS/Android)) |
| Min Deposit | $100 |
EQFX TRADE Information
EQFX TRADE is a broker-trade of 300+ instruments with a maximum leverage of 1:500 including CFD, EFTs, stocks, and cryptocurrencies. The broker also provides starter, standard, and ECN accounts. The minimum spread is from 0.2 pips and the minimum deposit is $100. EQFX TRADE is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Unregulated |
| 24/7 customer support | Inaccessible official website |
| Spread from 0.2 pips | Unspecific transfer time and fee information |
| Demo account available | |
| Various tradable instruments | |
| MT5 available |
Is EQFX TRADE Legit?
EQFX TRADE is not regulated, making it less safe than regulated brokers.
What Can I Trade on EQFX TRADE?
EQFX TRADE offers a wide range of market instruments, including CFD, EFTs, stocks, and cryptocurrencies.
| Tradable Instruments | Supported |
| CFD | ✔ |
| ETFs | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Precious Metals | ❌ |
| Shares | ❌ |
| Forex | ❌ |
| Commodities | ❌ |
| Mutual Funds | ❌ |
Account Type
EQFX TRADE has three account types: starter, standard, and ECN. Traders who want low spreads can choose an ECN account, while those with a small budget can open a starter account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Starter | Standard | ECN |
| Minimum Deposit | $100 | $500 | $10000 |
| Spread | From 1.8 pips | From 1.2 pips | From 0.2 pips |
| Leverage | From 1:10 to 1:500 | From 1:10 to 1:500 | From 1:10 to 1:500 |
| Platform | MT5(Desktop/Mobile/Web) | MT5(Desktop/Mobile/Web) | MT5(Desktop/Mobile/Web) |
EQFX TRADE Fees
The spread is from 0.2 pips. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
EQFX TRADE cooperates with the authoritative MT5 trading platform available on desktop, web, and mobile(iOS/Android) to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop/Web/Mobile(iOS/Android) | Experience traders |
Deposit and Withdrawal
The minimum deposit is $100. EQFX TRADE accepts Mastercard, PayPal, Visa, and Bank Transfer for deposit and withdrawal. However, due to the inaccessible official website, transfer processing times and associated fees are unknown.
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