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Equiity is a multi-asset trading platform that offers a range of services from trading to investing. It is based in Mauritius and offers its services in all major countries.
Traders can access over 300+ underlying assets from top global markets, including Forex, Commodities, Cryptocurrencies, Indices & Stocks. But is Equiity worth your deposit?
In this article, we'll review this trading platform in detail and examine its features, fees, and overall performance.
We'll also discuss the compliance requirements that Equiity adheres to and provide an objective assessment of the platform's key features. So, let's dive in and see if Equiity is the right trading platform for you.
Equiity's Background and Overview
Equiity is a Mauritius-based online trading platform that provides CFD trading services in various financial instruments, including stocks, forex, commodities, and cryptocurrencies.
The platform has gained a reputation for its advanced trading features and user-friendly interface. The broker’s website - www.equiity.com, is owned and operated by MRL Investments (MU) Ltd, which is duly registered in Mauritius with a registration number 187076GBC.
MRL Investments (MU) Ltd holds an FSC license with the number GB21027168 and has a registered address at 7th Floor, Tower 1, NeXTeracom, Cybercity Ebene 72201 Mauritius.
In addition, MRL Investments (CY) Ltd acts as a payment agent to MRL Investments (MU) Ltd and is duly registered in Cyprus with the registration number HE443296.
Its registered address is Chrysanthou Mylona 1, Panayides Building 3rd floor, Flat/Office 1, 3030 Limassol, Cyprus. MRL Investments (CY) Ltd is facilitating payment services to MRL Investments (MU) Ltd.
Equiity Regulatory Approvals & Licenses
It is essential to note that Equiity is a CFD provider and is subject to strict compliance requirements. As a reviewer, it is my responsibility to provide information that is fair, clear, and not misleading, without providing any type of investment advice or false promises.
Overall based on the evaluation of Equiity Review, Equiity can be considered to be a safe and reliable broker to trade with. Here's a summary of Equiity's safety measures & regulatory approvals:
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Regulation: Equiity is regulated by the Financial Services Commission (FSC) of Mauritius, which ensures the broker's compliance with international financial laws and standards.
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Client Fund Security: The brokerage follows strict rules regarding the segregation of client funds from the company's operating funds.
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Security Protocols: The platform uses advanced security protocols, such as 128-bit SSL encryption, to ensure that all client data and transactions are fully secure and protected from hackers and other malicious actors.
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Account Verification: Equiity follows a strict account verification process, which includes identity verification, to prevent fraud and unauthorized access to clients' accounts.
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Negative Balance Protection: The platform offers negative balance protection, which ensures that clients won't lose more than their account balance in the event of significant market volatility.
Equiity Review - Key Features
Equiity offers a wide range of features and benefits to its clients, making it a popular choice among traders. Let's closely look at some of them -
User-Friendly Interface
Equiity offers to trade via the WebTrader platform, which has a user-friendly interface. The layout is clean and straightforward and provides access to advanced trading tools like multiple chart types, technical analysis tools, real-time market data and one-click trading.
Asset Selection
Equiity offers a wide range of financial instruments for trading, including Forex, stocks, indices, commodities, and cryptocurrencies. The platform allows users to choose from over 300 assets, providing ample opportunities for traders to diversify their portfolios.
Trading Tools
Equiity offers a variety of trading tools, including technical analysis tools, trading signals, and market news. These tools help traders stay updated on the latest market trends and trade in the right direction.
The daily market news updates keep traders up-to-date with the latest market trends and events. The market analysis reports provide detailed insights into specific markets and instruments.
The charts are customizable and provide real-time market data. Additionally, the economic calendars provide a schedule of upcoming market events and their expected impact on the markets.
The platform provides various technical indicators and drawing tools that help traders identify potential trading opportunities.
Educational Resources
While the broker’s research tools are well-suited to help both novice and experienced traders, it does not offer a dedicated educational section.
Leverage
Equiity offers a range of leverage options for its clients, depending on the account type and trading instruments.
For Forex, the leverage can go up to 1:200 for Silver and Gold account holders, while Platinum account holders can enjoy a higher leverage of 1:500.
The leverage for commodities, metals, and indices is 1:50 for Silver and Gold accounts and 1:125 for Platinum accounts.
For stocks, the leverage is 1:10 for both Silver and Gold accounts as well as Platinum accounts. The leverage for cryptocurrencies is relatively lower at 1:2 for both Silver and Gold accounts and Platinum accounts.
Customer Support
Equiity provides excellent customer support to its clients. The platform provides support via email, phone, and live chat, and the support team is available 24/5. Here’s how you can contact Equiity’s customer support -
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Live Chat
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Email: Support@equiity.com
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Telephone Number: +971525353542, +41225087362
Equiity Account Selection
The broker offers three live trading accounts to its clients, alongside a free demo trading account and an Islamic account. Here’s a breakdown of the features of each trading account being offered:
Demo Trading Account
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Free of charge
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Offers access to all trading instruments and features with virtual funds
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Ideal for new traders to test their trading strategies and familiarize themselves with the platform.
Islamic Account
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Available for all live trading accounts
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Complies with the Sharia law principles of Islamic finance
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No rollover/swap charges on overnight positions
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Suitable for traders who follow the Islamic faith and wish to trade without violating their religious beliefs.
Silver Account
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Minimum Deposit: $250
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Execution Mode: MT4NCC, MT4 Fixed, MT4NDD, MT4 Cent
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Base Currency: USD, EUR, GBP
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Average Execution Speed: 0.08
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Spreads: Starts from 2.5 pips
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Maximum Leverage: 1:200
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Islamic Account: Available
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Fifth Decimal
Gold Account
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Minimum Deposit: $250
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All benefits of a Silver account
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Average Execution Speed: 0.06
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Spreads: 20 pips (50% discount)
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News Alert
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Dedicated Account Manager
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Webinars & Videos
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25% SWAP Discount
Platinum Account
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Minimum Deposit: $50,000
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All benefits of Silver & Gold accounts
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Average Execution Speed: 0.08
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Spreads: 18 pips (75% discount)
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Maximum Leverage: 1:500
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50% SWAP Discount
Equiity Deposit & Withdrawal Conditions
According to our detailed Equiity Review 2023, the broker’s deposit and withdrawal conditions are favourable to traders. It offers a good selection of payment options, alongside low minimum deposit requirements.
Here’s detailed information on Equiity’s deposit & withdrawal conditions:
Deposit Methods
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Bank transfer
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Credit/debit cards
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PayPal
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Neteller
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Skrill
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VPay
Deposit Fees
Equiity doesn't charge any deposit fees.
Minimum Deposit Amount
The minimum deposit amount required to open a trading account is $250.
Withdrawal Methods
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Bank transfer
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Credit/debit cards
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PayPal
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Neteller
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Skrill
Withdrawal Fees
Fees may apply for certain withdrawal methods. However, the broker doesn't specify the amount of fees for each method on its website.
Withdrawal Processing Time
Equiity generally processes withdrawals within 24 hours. However, the actual processing time may vary depending on the withdrawal method and the recipient bank.
Conclusion
Overall, Equiity is a reliable and user-friendly trading platform providing a variety of trading tools and educational resources to help traders make informed decisions and improve their trading strategies.
As a reviewer, it is important to highlight the compliance requirements and mention that Equiity is a CFD provider subject to strict regulations.
In conclusion, if you are looking for a user-friendly & safe trading platform, Equiity is a platform worth considering.
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Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.