EquityExperts.pro Review: Time To Expose The Scheme
EquityExperts.pro claims to be a legitimate UK-based firm with an online trading platform and high leverage for Forex and CFD trading. However, we have seen this recycled website many times already, which put us on alert.
We also find a regulatory warning against the platform. Therefore, you should read our EquityExperts.pro Review to learn the truth. Find out how to protect yourself from cyber scams and what to do in case you get defrauded.
|Regulated by:||Unregulated Scam Broker|
|Is This Company Safe?||No|
|Have Warnings from:||BaFin|
|Registered in:||UK (allegedly)|
|Minimum Deposit:||250 USD|
|Trading Assets:||Forex, Indices, Commodities, Stocks, Cryptocurrencies|
|Free Demo Account:||Unavailable|
|How to Withdraw from This Company?||Since this company is unlikely to return your money – contact your bank or financial regulator, or simply reach out to us for professional assistance in recovering your funds.|
Legal Info: Is EquityExperts Regulated?
The legal documentation says that the firm is headquartered in the United Kingdom. However, this business does not exist anywhere except on the broker’s website. There is no EquityExperts broker in the register of the UK’s Financial Conduct Authority (FCA).
After doing some more research, we found out that the German regulator BaFin issued a warning against the platform on November 14, 2023, stating that “the operator is providing financial and investment services on this website without the required authorisation.”
For that reason, the broker cannot be trusted. The lack of a license implies that you won’t be protected by the financial compensation scheme that all legit European brokers offer.
Instead of trusting unlicensed imposters, you should stick to regulated providers operating under the supervision of esteemed financial authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), CySEC (Cyprus), etc.
Who Are EquityExperts.pro’s Targets?
According to godaddy.com/whois, the equityexperts.pro website domain was created on October 3, 2023. Since then, the financial swindler has mainly been targeting unsuspecting traders who reside in the following countries:
- United Kingdom;
The UK and Germany are known for enforcing heavy financial market regulations, especially when it comes to Forex trading. One common law stipulates that each financial market participant is required to possess a necessary license or permit.
This con artist offers maximum leverage of 1:500 but the legal cap for European retail clients is 1:30. To reiterate, EquityExperts.pro is blacklisted by the German BaFin due to violating regulations.
The internet is full of fraudsters such as Global CFD so be sure to always check what the regulators say about a certain provider before making any deals or investing real money.
Which Trading Platform Is Available?
EquityExperts.pro offers a fairly simple web-based platform that supports popular trading instruments and options such as Forex currency pairs, indices, commodities, stocks, and cryptocurrencies.
There is no mobile app so you can forget about additional convenience and flexibility. We have seen the platform and it looks pretty unpolished and lackluster. It is a simple TradingView terminal with no advanced tools whatsoever.
If you want a pure trading experience, you should stick to licensed providers that support proper third-party software such as MetaTrader 4, MetaTrader 5, or cTrader.
MT platforms are arguably the best in the industry, enabling traders to utilize innovative tools such as automated & algorithmic trading, advanced charting, live market reports, branch optimization, 20+ timeframes, EAs, a user-friendly interface, etc.
Available Live Account Types
|Minimum Deposit||250 USD||2,500 USD||5,000 USD||15,000 USD|
|Spreads||From 1.5 pips||From 1.5 pips||From 0.8 pips||From 0.0 pips|
Leverage, Spreads, Commissions, Demo Account
The maximum leverage that EquityExperts.pro offers scales up to 1:500, which, as we mentioned, is significantly higher than the legal cap for retail clients in the UK (1:30). High leverage can amplify potential profits but also potential losses.
As for the buy/sell difference, the broker outlined decent spreads while claiming that there are no hidden commissions. We wouldn’t trust the phony on that one. Moreover, the firm awards clients bonuses, which, by the way, are banned in Europe.
If you are a beginner, you should not be risking real money straight away. That’s why every legitimate firm nowadays offers a demo account. Despite advertising a demo account, EquityExperts.pro didn’t actually include it on the website, which is why you should stay away from this platform.
Deposit and Withdrawal Process
EquityExperts.pro states that there are three available payment methods that can be used to fund live trading accounts:
- Credit/debit cards (MasterCard, VISA);
- Wire transfers;
In case you deposited funds via MasterCard or VISA credit/debit cards, you can request a chargeback at the issuing bank within 540 days and reverse the transaction. Wires can be reversed via a recall but this action can only work for transactions yet to be completed.
The reason why scammers prefer crypto payments is that they are extremely hard to trace and undo, plus such a method allows them to remain anonymous and run their schemes.
To reverse crypto transactions, you’re going to need to seek out professional assistance as these types of payments can be a nightmare to undo. Luckily, we have a team of experts that can help you recover your funds.
Key Facts To Consider About EquityExperts.pro
To sum up, EquityExperts.pro is nothing but a hoax aiming to scam traders from the United Kingdom, Germany, and Georgia.
We do not recommend this platform because it is anonymous, plus blacklisted just like BraxtonWM.. In case you’ve lost money to the EquityExperts.pro scam, you must seek our professional help to recover your funds!
Use the form below to book your free consultation with Scam Brokers Reviews and tell us more about your case. Our team will gladly guide you through the fund recovery process and assist you every step of the way.
Book your consultation with us today and start the chargeback process.
What is EquityExperts.pro?
EquityExperts.pro is an anonymous trading scam that uses a web platform in order to deceive users.
Is EquityExperts a Legitimate Company?
No, this is an anonymous fraudster. The German BaFin launched an investigation against the platform.
Is It Possible to Recover Money From a Scam Broker?
Yes, but you’re going to need professional assistance. Book a consultation with us and we’ll analyze your case.