Equiti 　　

Aspect	Information
Company Name	Equiti
Registered Country/Area	Jordan
Founded year	2017
Regulation	Identified as a Suspicious Clone by the FCA
Market Instruments	Forex currency pairs, indices, commodities, shares
Account Types	Standard Account, Premier Account
Minimum Deposit	$0
Maximum Leverage	1:500
Spreads	Spreads from 0.0 pips*
Trading Platforms	Equiti Trader, MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Customer Support	Phone +962 6 550 8305, email support@equiti.com, WhatsApp messaging
Deposit & Withdrawal	Mastercard, Maestro, Visa, Skrill, Fasapay, Globepay
Educational Resources	Guides, workshops, seminars, videos, webinars, infographics, glossary, publications

Overview of Equiti

Equiti, established in Jordan in 2017, offers a wide range of trading assets, including forex currency pairs, indices, commodities, and shares, providing traders with ample opportunities for investment diversification. The platform boasts user-friendly trading platforms such as Equiti Trader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), enhancing accessibility and accommodating different trading preferences.

However, Equiti has faced regulatory scrutiny, being identified as a Suspicious Clone by the FCA, potentially raising risks among traders about its legitimacy and reliability. Nonetheless, Equiti's transparent fee structure and competitive spreads remain advantageous for traders seeking cost-effective trading conditions.

Is Equiti legit or a scam？

Equiti, identified as a Suspicious Clone by the Financial Conduct Authority (FCA), operates under an Institutional Forex License regulated by the United Kingdom with License No. 528328.

The regulatory status of Equiti significantly influences traders on the platform, instilling a sense of assurance and credibility in the company's operations. With oversight from a reputable regulatory agency like the FCA, traders can trust that Equiti adheres to stringent standards, providing a secure and transparent trading environment. This regulatory framework enhances investor confidence, ensuring that traders' interests are safeguarded against malpractices and fraudulent activities. Consequently, traders are more inclined to engage with Equiti, knowing that their investments are protected by regulatory oversight, promoting transparency and trust within the trading community.

Pros and Cons

Pros	Cons
Offers wide range of assets including forex currency pairs, indices, commodities, and shares	Suspicious Clone by the FCA
Various trading platforms including Equiti Trader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5)	High minimum deposit requirement for Premier Account($3000)
Competitive spreads as low as 0.0 pips
Transparent fee structure
Accessible mobile trading app

Pros:

• Offers wide range of assets: Equiti provides traders with access to a wide variety of trading instruments, including forex currency pairs, indices, commodities, and shares, allowing for diversified investment opportunities.

• Various trading platforms: Equiti offers multiple trading platforms such as Equiti Trader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). This variety enables traders to choose the platform that best suits their needs and preferences.

• Competitive spreads as low as 0.0 pips: Equiti offers competitive spreads, with some starting as low as 0.0 pips, providing traders with cost-effective trading conditions and potentially reducing trading costs.

• Transparent fee structure: Equiti maintains a transparent fee structure, allowing traders to easily understand and calculate their trading costs. This transparency enhances trust and confidence among traders, ensuring they are aware of any fees or charges associated with their trading activities.

• Accessible mobile trading app: Equiti provides a user-friendly mobile trading app, allowing traders to access their accounts and execute trades conveniently from their mobile devices. This accessibility enables traders to stay connected to the markets and manage their investments on the go.

Cons:

• Suspicious Clone by the FCA: Equiti has been identified as a Suspicious Clone by the Financial Conduct Authority (FCA), which raises risks among traders about the legitimacy and reliability of the platform.

• High minimum deposit requirement for Premier Account ($3000): The Premier Account offered by Equiti requires a high minimum deposit of $3000, which is prohibitive for some traders, especially those who are just starting or prefer to trade with smaller investment amounts.

Market Instruments

Equiti offers a wide range of trading assets, enabling traders to access global markets and seize opportunities across various sectors.

Currencies: With over 60 currency pairs available, including USD, GBP, EUR, CHF, JPY, AUD, and NZD, traders can engage in forex trading with ease, leveraging fluctuations in exchange rates to their advantage.

Indices: Equiti provides access to global indices, encompassing UK, US, European, and Asian markets, empowering traders to speculate on broader market movements and diversify their portfolios.

Shares: Traders can choose from a selection of 1700+ shares representing top-performing companies worldwide, ensuring ample opportunities for investment in the equity market with competitive prices.

Commodities: Equiti serves commodities traders by offering a range of assets such as oil, gold, silver, platinum, as well as exotic metals, coffee, cotton, and other commodities.

Account Types

Equiti provides two account types as follows:

The Standard Account offered by Equiti is characterized by its accessibility and flexibility. It requires no minimum deposit, making it suitable for traders who are new to the market or prefer to start with smaller investments. With average spreads of 1.4 pips and zero commissions, it offers a cost-effective option for those looking to trade across a variety of supported currencies, including JOD, USD, GBP, EUR, JPY, and AED accounts.

This account type is compatible with popular trading platforms like MT4, MT5, and MQ WebTrader, ensuring traders can access their accounts conveniently from mobile devices, desktops, and tablets. The Standard Account also provides access to advanced market analytics, live market news, and instant notifications, serving the needs of traders seeking a comprehensive yet accessible trading experience.

In contrast, the Premier Account targets more experienced traders and those with higher trading volumes. While it also supports a range of currencies and offers compatibility across various devices and trading platforms like MT4, MT5, and MQ WebTrader, the Premier Account requires a minimum deposit of $3,000. However, traders benefit from tighter spreads, starting from 0.0 pips, albeit with a commission of US$3.5 per lot per side.

This account type is particularly suitable for advanced traders who engage in high-volume trading activities and require access to more sophisticated trading tools and analytics. Although it does not have a specified maximum lot size for forex trading, the Premier Account accommodates the needs of experienced traders who seek enhanced trading conditions and are willing to meet the higher deposit requirement in exchange for tighter spreads and advanced features.

Feature	Standard Account	Premier Account
Free to sign up	Yes	Yes
Supported Currencies	JOD, USD, GBP, EUR, JPY, and AED accounts	JOD, USD, GBP, EUR, JPY, and AED accounts
Average Spreads	1.4 pips	Spreads from 0.0 pips
Minimum Deposit	No minimum deposit	Deposits from $3,000
Commission	$0 commission	US$3.5/lot per side commission
Trading Platforms	MT4, MT5 & MQ WebTrader	MT4, MT5 & MQ WebTrader
Compatibility	Mobile, desktop, and tablet compatible	Mobile, desktop, and tablet compatible
Market Analytics	Advanced market analytics	Advanced market analytics
Live Market News	Live market news	Live market news
Instant Notifications	Yes	Yes
Maximum Lots on Forex	1500 lots	N/A
Ideal for	New to intermediate traders	Advanced and high volume traders

How to Open an Account？

Opening an account with Equiti involves a straightforward process, divided into three clear steps:

1. Registration:

• Visit the Equiti website and navigate to the “Open an Account” section.

• Fill out the registration form with accurate personal information, including name, email address, phone number, and country of residence.

• Choose the account type that best suits your trading needs, whether it's a Standard Account or a Premier Account.

1. Verification:

• Upload the necessary identification documents for account verification. This typically includes a government-issued ID (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).

1. Deposit Funds:

• Log in to your Equiti account using the credentials provided during registration.

• Navigate to the deposit section and choose your preferred payment method (such as bank transfer, credit/debit card, or e-wallet).

• Enter the desired deposit amount and follow the instructions to complete the transaction securely.

• Upon successful deposit, the funds will be credited to your Equiti trading account, and you can start trading immediately.

Leverage

Equiti offers varying maximum leverage ratios across different asset classes to accommodate various trading strategies and risk preferences.

For forex and precious metals, the maximum leverage is set at 1:500, providing traders with significant exposure relative to their initial margin.

CFD trading carries a maximum leverage of 1:200, offering a balance between potential gains and risk management.

However, for equities, Equiti imposes a more conservative maximum leverage of 1:20, reflecting the comparatively lower volatility and higher inherent risk associated with stock trading.

These leverage levels empower traders to optimize their positions while considering the specific characteristics and volatility of each asset class.

Spreads & Commissions

Equiti offers competitive spreads and commissions across its different account types.

For the Standard Account, traders benefit from average spreads starting at 1.4 pips with no commission charges, making it an attractive option for new to intermediate traders seeking cost-effective trading conditions.

On the other hand, the Premier Account offers tighter spreads, starting from 0.0 pips, but entails a commission of US$3.5 per lot per side. While the Premier Account requires a higher minimum deposit of $3,000, experienced and high-volume traders may find the tighter spreads and advanced features worth the commission fees.

Trading Platform

Equiti provides traders with a wide array of trading platforms to accommodate various preferences and requirements. Among these options are Equiti Trader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5), each serving distinct purposes.

Equiti Trader stands out as a mobile trading app tailored for traders who prioritize accessibility and flexibility. With Equiti Trader, traders can execute trades and manage their investments conveniently while on the move. This platform offers a seamless trading experience, allowing users to stay connected to the markets at all times.

For those seeking advanced trading capabilities and a comprehensive suite of tools, both MT4 and MT5 are available options. These platforms are renowned for their sophisticated charting tools, technical analysis features, and extensive range of trading functionalities. Traders can leverage these platforms to conduct in-depth market analysis and execute trades with precision.

Equiti ensures accessibility to these platforms by providing download options for macOS, Windows, Google Play, and App Gallery. Whether traders prefer to use desktop computers, laptops, or mobile devices, Equiti offers convenient access to MT4, MT5, and Equiti Trader across various operating systems and platforms.

Deposit & Withdrawal

Equiti provides traders with a variety of payment methods to transfer funds securely to their trading accounts. Accepted payment methods include Mastercard, Maestro, Visa, Skrill, Fasapay, Globepay and more, offering traders flexibility and convenience in managing their finances. Each payment method comes with its own set of benefits and considerations, allowing traders to choose the option that best suits their preferences and needs.

The minimum deposit requirement at Equiti varies depending on the chosen account type and payment method. Generally, the Standard Account does not impose a minimum deposit, providing accessibility to traders who prefer to start with smaller investment amounts. However, the Premier Account typically requires a minimum deposit of $3,000, ensuring that traders have sufficient capital to access tighter spreads and advanced features.

Equiti strives to keep payment fees transparent and competitive, with many payment methods offering 0% commission for deposits.

Customer Support

Equiti provides customer support through multiple channels, including phone, email, and WhatsApp messaging. Traders can reach out to the support team by dialing +962 6 550 8305 or emailing support@equiti.com.

Additionally, they offer the option to message them on WhatsApp for quick and convenient assistance. This multi-channel approach ensures that traders can easily contact Equiti's support team whenever they have inquiries, issues, or need assistance with their trading accounts or platform functionalities.

The availability of various communication channels reflects Equiti's commitment to providing responsive and accessible customer support services to its clients.

Educational Resources

Equiti offers a wide range of educational resources to empower traders with the knowledge and skills needed to navigate the financial markets effectively.

The platform's Academy serves as a central hub for educational content, providing access to guides, workshops, seminars, videos, webinars, infographics, glossaries, and publications.

These resources serve traders of all experience levels, from beginners looking to grasp the fundamentals of trading to seasoned professionals seeking to refine their strategies. The guides cover various topics, including market analysis techniques, risk management principles, and trading psychology insights. Workshops and seminars offer interactive learning experiences, allowing participants to engage with industry experts and fellow traders to deepen their understanding of specific market concepts.

Videos and webinars provide visual and auditory learning opportunities, presenting complex concepts in a digestible format that is easy to follow and understand. Infographics offer concise and visually appealing summaries of key market trends, trading strategies, and economic indicators, making them ideal for quick reference or sharing on social media platforms.

The glossary serves as a valuable resource for traders to familiarize themselves with the terminology commonly used in the financial markets, helping to demystify complex jargon and facilitate clearer communication within the trading community. Additionally, Equiti publishes educational materials such as articles, ebooks, and research reports, offering valuable insights into market trends, trading strategies, and industry developments.

Conclusion

In conclusion, Equiti presents traders with a compelling platform offering a wide array of trading assets and user-friendly platforms, accommodating varying trading preferences.

Despite its advantages, Equiti faces challenges, particularly in regulatory scrutiny as identified by the Financial Conduct Authority (FCA). This creates apprehension among traders regarding the platform's reliability and legitimacy. Moreover, the high minimum deposit requirement for the Premier Account deters some traders, limiting access to certain features.

While Equiti's regulatory status and minimum deposit requirement pose notable disadvantages, its wide range of assets, accessible trading platforms, and competitive trading conditions offer distinct advantages to traders. As such, traders should carefully weigh these factors against their individual trading goals and risk tolerance when considering Equiti as a potential trading platform.

FAQs

Q: What trading assets are available on Equiti？

A: Equiti offers a wide range of trading assets, including forex currency pairs, indices, commodities, and shares.

Q: What trading platforms does Equiti support？

A: Equiti supports various trading platforms, including Equiti Trader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5).

Q: Is there a minimum deposit requirement to open an account with Equiti？

A: While the Standard Account has no minimum deposit requirement, the Premier Account requires a minimum deposit of $3000.

Q: What is the maximum leverage offered by Equiti？

A: The maximum leverage varies depending on the asset class, with forex and precious metals offering leverage up to 1:500, CFDs up to 1:200, and equities up to 1:20.

Q: How competitive are Equiti's spreads？

A: Equiti offers competitive spreads, with the Standard Account featuring average spreads of 1.4 pips and the Premier Account offering spreads from 0.0 pips*.

Q: What customer support options are available on Equiti？

A: Equiti provides customer support via phone, email, and WhatsApp messaging, ensuring traders can access assistance promptly and conveniently.