EqualityFin-Overview of Minimum Deposit, Leverage, Spreads

GENERAL INFORMATION

EqualityFin is an offshore broker that looks forward to providing endless opportunities in various investments including; Forex, stock, commodities, and indices among others. they require you to immediately set up a live trading account and start earning.

Once we‘ve learned that EqualityFin is unregulated, we wanted to see traders’ experience. Because, yes, sometimes regulation is not as crucial if the brokerage itself acts legit. And we had what to see. Like with WikiFX, traders noticed many red flags, according to EqualityFin reviews. Not only were they involved with unauthorized fraud, but they were unable to get their funds back.

Also, one of the biggest issues is that the broker refuses to process withdrawal requests, and if clients insist too much, their accounts are suspended. So dont let yourself be involved in the EqualityFin trading scam. Report any suspicious activity immediately to WikiFX.

While EqualityFin fails to provide basic info, such as ownership and regulation, we see an alleged address in London. This address should imply the broker is regulated by the UK authority body, FCA, so logically, this was the first register to search through.

ACCOUNT AND LEVERAGE

For the trading account, there are 4 different EqualityFin account types, including:

• Standard

• Unnamed

• Expert

• Luxury

Here, we believe the broker made a mistake and left one of the accounts without a proper name. However, the main difference is in the leverage that goes up to 1:500, showing us the company cannot be regulated, spread, and the initial deposit. EqualityFins minimum deposit for the Standard account is $250, while other accounts require $2,500, $25,000, and $250,000, respectively.

Theres no information in regards to the EqualityFin bonus given with the initial deposit, but make sure to ask for conditions that come along if offered something like this.

Besides, clients will have to be satisfied with Live accounts, as the EqualityFin Demo account and Islamic accounts are unavailable.

TRADING INSTRUMENTS

Allegedly, EqualityFin forex broker offers over 3,000 trading assets, but your access depends on the account type. Clients have at their disposal:

• Currency pairs

• Commodities

• Indices

• Shares

• Cryptocurrencies

If you upgrade from a Standard account to higher types, you will get between 2,000 and 3,000 assets, while for the basic account, there‘s no information. Yet, according to our short glance at the list of assets, we wouldn’t agree with the number.

TRADING PLATFORM

Another thing to be disappointed about is EqualityFin trading platform. Instead of providing a reputable platform, such as MT4 or MT5, traders have only a proprietary Web trader.

WebTrader Platform

According to the brokers, the platform has 9 timeframes, real-time prices, 30 indicators, and instant order executions. Unfortunately, the platform is only available via the web, meaning that EqualityFin login is significantly delayed because you need to use Android and iOS web browsers instead of simply downloading an app, as is the case with MetaTrader.

DEPOSIT AND WITHDRAWAL METHOD

Brokers minimum deposit is $250 and can be made via wire transfer, credit cards, and Bitcoin.

CUSTOMER SERVICE

EqualityFin offers customer support 24/5 and in various languages. They urge traders that through a skilled team you get admirable support. However, you should always receive instant responses to your queries. Working customer service creates more trust between you and the company.