Equiti Group Ltd is an online broker that offers a wide range of trading review services for various financial instruments.
Equiti provides access to Forex (foreign exchange), commodities, and contract for difference (CFD) trading.
Their goal is to create a user-friendly trading environment backed by advanced technology and educational resources.
Read on to learn more in this Equiti Group Review, which is suitable for both beginners and experienced traders.
What is Equiti Group Ltd Broker?
Equiti Group Ltd is an online trading platform that allows clients to trade a variety of financial instruments.
Equiti operates under the umbrella of Equiti Group Ltd., a holding company established in 2008.
It encompasses various business units across Europe, Asia, Africa, and the Americas, which are regulated by several international authorities.
These include the UK’s Financial Conduct Authority (FCA 528328), Jordan’s Securities Commission (JSC 50248), the Seychelles Financial Services Authority (FSA SD064), the UAE’s Securities and Commodities Authority (SCA 20200000026), Kenya’s Capital Markets Authority (CMA 107), and Armenia’s Central Bank (CBA 0011).
The broker offers access to more than 66 currency pairs, precious metals, and CFDs on stocks and indices.
Equiti focuses on creating a transparent and secure trading experience. They are regulated by multiple financial authorities, which enhances their credibility.
Traders can expect efficient trade execution and an array of educational resources to help them improve their skills and understanding of the market.
History of Equiti Group Ltd
Equiti’s journey began in 2008 under the name Divisa Capital Group. The company’s growth and expansion led to its rebranding as Equiti in 2017 after acquiring Divisa Capital.
This rebranding allowed Equiti to offer enhanced services and strengthen its position in the global trading market.
Over the years, Equiti has obtained regulatory licenses from reputable authorities, including the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA).
These licenses are crucial in building trust and ensuring the safety of traders’ funds.
Features of Equiti Group Ltd
1. Account Types
Equiti offers two main account types: the Standard account and the Premiere or Pro account.
The Premiere account is tailored for professional traders and provides lower spreads, allowing for more cost-effective trading.
- Standard Account
This account is ideal for beginners and intermediate traders. It does not require a minimum deposit, and traders can access the MetaTrader 4 and MetaTrader 5 platforms. Typical spreads are around 1.4, with market order execution and no commissions.
- Premiere or Pro Account
Designed for more experienced traders, this account requires a minimum deposit of $20. It also allows trading on both MT4 and MT5 platforms, offers spreads starting from zero, and includes a commission of $7 per lot.
2. Leverage
Equiti provides flexible leverage options, allowing traders to leverage their positions up to 1:500 for Forex and precious metals.
This flexibility helps traders maximize their potential profits, though it also increases risk.
3. Trading Platforms
The broker primarily utilizes the popular MetaTrader 4 platform. MetaTrader 4 is known for its user-friendly interface, advanced charting tools, and automated trading capabilities.
Traders can access the platform on desktop and mobile devices, providing flexibility to trade anytime, anywhere.
4. Customer Support
Equiti prides itself on its customer service. They offer support 24 hours a day, six days a week, through various channels, including live chat, email, and phone.
This commitment ensures traders receive timely assistance for any questions or issues they encounter.
Pros and Cons of Equiti Group Ltd
1. Regulatory Oversight
Equiti operates under strict regulations from financial authorities, ensuring the safety and security of traders’ funds.
This gives traders peace of mind knowing their money is in a regulated environment.
2. Wide Range of Instruments
Equiti offers a diverse selection of trading options, including Forex, CFDs, and commodities.
This variety allows traders to diversify their portfolios and explore different market opportunities.
3. User-Friendly Platform
The MetaTrader 4 platform is accessible and easy to navigate.
This user-friendly design is ideal for beginners, allowing them to start trading without feeling overwhelmed.
4. Educational Resources
Equiti provides various educational materials, including webinars, tutorials, and articles.
These resources help traders improve their skills and knowledge, making them more confident in their trading decisions.
5. Competitive Spreads
The broker offers competitive spreads on its trading accounts, which can lower trading costs for clients.
This feature is particularly appealing for active traders who execute multiple trades throughout the day.
Cons of Equiti Group Ltd
1. High Minimum Deposit
The minimum deposit required to open an account with Equiti is $500. This amount might be a barrier for some new traders who want to start with a smaller investment.
2. Limited Promotions
Equiti does not frequently offer bonuses or promotions. While some brokers attract clients with promotional offers, Equiti focuses more on transparency and reliability.
3. Inactivity Fees
The broker charges inactivity fees for accounts that remain dormant for an extended period.
This can be an issue for traders who may not trade regularly but want to keep their accounts open.
4. Limited Research Tools
While Equiti offers a solid trading platform, some users feel that it lacks in-depth research tools compared to other brokers.
This might make it challenging for traders who rely on extensive market analysis.
Customer Equiti Group Ltd Reviews
Many customers have praised Equiti for its reliable trading platform and helpful customer support.
Traders appreciate the smooth registration process and quick account verification.
Some Equiti Group Ltd Review positive comments from users are:
“I’ve traded with different brokers, but Equiti is the best company for me. Their platform is easy to use, and I love the support I get when I need help.”
“Equiti’s educational resources helped me understand trading better. I feel more confident now.”
“The spreads are competitive, and I appreciate the transparency in their operations.”
While many users are satisfied, some have expressed concerns about certain aspects of Equiti’s services.
Below are some Equiti Group Review of negative comments from customers:
“I experienced slippage during trading, especially when the market was volatile. My losses were more significant than expected.”
“The minimum deposit is quite high for someone just starting. It would be great if they had a lower option.”
“I wish they offered more promotions. Other brokers have better incentives for new clients.”
How to Get Started with Equiti Group Ltd Broker
1. Register an Account
Start by visiting the Equiti website. Complete the registration form with your details, including your name, email address, and phone number.
2. Verify Your Identity
After registration, you will need to verify your identity.
This process involves uploading identification documents, such as a passport or driver’s license, to confirm your identity and comply with regulatory requirements.
3. Fund Your Account
Once your account is verified, you can deposit the minimum required amount of $500.
Equiti supports various payment methods, including bank transfers, credit/debit cards, and e-wallets, making it convenient for traders to fund their accounts.
4. Download the Trading Platform
After funding your account, download the MetaTrader 4 platform on your computer or mobile device.
You can also access the web version for easy trading without installation.
5. Start Trading
With your account set up and funded, you can start trading.
Use the educational resources provided by Equiti to enhance your trading skills and make informed decisions.
FAQs
1. What is the minimum deposit required to start trading with Equiti?
The minimum deposit to open an account with Equiti is $20. This amount is standard for their Standard and Premiere accounts.
2. Is Equiti regulated?
Yes, Equiti is regulated by several authorities, including the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA).
This regulation provides a secure trading environment for clients.
3. What trading platforms does Equiti offer?
Equiti primarily offers the MetaTrader 4 platform. This platform is widely used among traders due to its user-friendly interface and advanced trading features.
4. Can I trade on my mobile with Equiti?
Yes, Equiti provides mobile trading options. Traders can access the MetaTrader 4 app on their smartphones or tablets, allowing them to trade on the go.
Conclusion
Equiti Group Ltd stands out as a reliable and secure broker for traders interested in exploring various financial markets.
With a solid regulatory framework, that was earlier started in this Equiti Group Review, user-friendly trading platforms, and a wide range of trading instruments, Equiti creates a conducive environment for both new and experienced traders.
While some drawbacks exist, such as the minimum deposit requirement and occasional slippage, the overall trading experience with Equiti is positive.