Equiti Review: Evaluating Customer Support and Trading Tools
Equiti Review: Evaluating Customer Support and Trading Tools

Equiti is a broker mainly operating in the Middle East. However, they do accept European, African, Asian, and Australian clients as well. Therefore, we’ve decided to do our Equiti review and find out everything about trading terms and conditions with this brokerage.

Broker status: Regulated
Regulated by: JSC, FCA, SCA
Scammers Websites: https://www.equiti.com/
Owned by: Equiti Group Limited
Headquarters Country: Jordan
Foundation year: 2013
Supported Platforms: MT4, web trader
Minimum Deposit: $500
Cryptocurrencies: No
Types of Assets: FX, commodities, shares, equities
Maximum Leverage: 1:500
Free Demo Account: Yes
Accepts US clients: No

Equiti Regulation and Security

Equiti is a Jordan-based broker owned by Equiti Group Limited. However, the company has several other entities – Equiti Capital UK Limited in the UK and EGM Futures DMCC in Dubai. The company is regulated by three regulatory bodies, JSC, FCA, and SCA. The broker has many partnerships with other brokerages.

When it comes to security, clients are entitled to request fund insurance in case they have a constant balance of $25,000 and above. In case of a loss, the company says to refund clients up to $1,000,000. However, this does not make much sense. In case you lost money on the market, why would the company refund you? We couldn’t find other conditions the trader needs to fulfill to be entitled to this insurance.

Withdrawal Issues with Equiti

Since we’ve come across several complaints regarding withdrawal issues while researching Equiti reviews, we’ve decided to verify the broker’s offer thoroughly.

First of all, clients can choose between MT4 and a web trader. We congratulate the company for selecting an MetaTrader4 platform since it’s considered the safest option. However, a web trader is not so safe and should be avoided.

The minimum deposit is $500, which is a bit too high. If you do not have any trading experience, there is no reason to risk such an amount when you can deposit with other regulated brokers and start your account with as low as $10. Besides the Visa, MasterCard, Neteller, and Skrill logo, we haven’t seen any conditions of depositing and withdrawing funds. Sounds like a red flag.

Other than that, the broker provides a leverage of up to 1:500 for the Forex market. Just for you to compare, the CySEC, ASIC, FCA, and other tier-one regulated brokers offer leverage up to 1:50 or 1:100 for the Forex market. Regulators made this decision in order to protect clients from exposing their funds to tremendous risk.

There are only two account types available – Executive and Premiere, requiring you to deposit $500 or $20,000.

In this broker’s offer, there are no cryptocurrencies available. Kind of odd if it’s trying to keep up with the trading trends.

Since the broker has several regulations, the regulatory obligation varies based on the entity clients belong to, which means not treating all clients equally.

Equiti Review

Scammed by Equiti forex?

If you were scammed by an Equiti forex broker, there is a possibility of getting your money back. You need to file a dispute and request a chargeback.

But what is a chargeback? It’s a way of refunding your card in case you were a victim of an online scam.

Contact our support now and get all the information for starting the procedure. We are available on chat!

What is Equiti?

Equiti is an online trading brokerage based in Jordan.

Is Equiti a scam?

Equiti does not provide an equal trading opportunity to all clients due to several different entities.

Is Equiti regulated?

Yes, the broker has Jordan, the UK, and Dubai regulations.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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