Equity Trust

Equity Trust is a financial broker registered in the United States in 2003. Equity Trust offers multiple financial services, like cryptocurrency trading, private lending and precious metals trading. However, this broker operates without any legal regulation currrently.

Pros and Cons

Is Equity Trust Legit?

Equity Trust operates without regulatory oversight. This lack of regulation means that there may be fewer safeguards in place to protect your funds, so there are risks associated with investing through Equity Trust. In addition, the domain of this company was registered on March 4, 2003, updated on January 30, 2023, and will expire on March 4, 2032.

What Can I Trade on Equity Trust?

Equity Trust offers a diverse range of products and services, and a specific type is presented below:

Real Estate: Residential Rental Property, Fix-and-Flips, Commercial Property, raw or Developed Land, Farmland and Mobile Homes

Cryptocurrency: Bitcoin, Bitcoin Cash, Basic Attention Token, Chainlink, DAI, Ethereum...

Private Lending: Simple Promissory Note, Real Estate Promissory Note, Commercial Promissory Note...

Precious Metals: Gold, Silver, Platinum, Palladium, American Eagle Coins...

Private Equity: Private LLC, Hedge Fund, Limited Partnership

Stocks, Bonds & Mutual Funds: Publicly Traded Stocks, Exchange Traded Funds (ETFS), Public Non-Traded and Private REITs, Securities (Bonds, Treasuries, CDS)...

Futures/Forex: Equity Trust only allows trading with US-based currency exchange.

Account types

Equity Trust offers a variety of self-directed account options, allowing you to take control of your investments. The account types include Traditional IRA, Roth IRA, CESA, HSA, Solo 401(k), Roth Solo 401(k), SEP IRA, and SIMPLE IRA.

Fees

Equity Trust's fee structure is complex, encompascovering various aspects of account management and transactions.

It charges fees for Account Establishment, Annual Maintenance, and other Special Services (such as Paper Statement Fee, Special Handling Fee, Foreign Currency Fee, Funds Transfer Fee, and Late Fee). Additionally, there are Precious Metals & Digital Currency Fees and Termination Fees. You can find details in the following picture：

Deposit and withdrawal

Equity Trust only mentioned that it supports payments through cash or credit cards. Details concerning withdrawal methods and fees are not disclosed. Anyway, you should avoid depositing into such an unregulated broker.