What Account Types and Fees Does Equiity Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Silver Account |
Beginners |
Full support for CFD trading, low minimum deal size of 0.01, leverage up to 1:200. |
Designed for those starting their trading journey. |
| Gold Account |
Intermediate Traders |
Faster trading pace, minimum deal size of 0.01, leverage up to 1:200, 25% discount on spreads and swaps. |
Suitable for traders looking to advance their skills. |
| Platinum Account |
Experienced Traders |
Advanced benefits, minimum deal size of 0.01, leverage up to 1:200, 50% discount on spreads and swaps. |
Ideal for those actively engaging in intensive trading. |
| Islamic Account |
Muslim Traders |
Shariah-compliant trading environment. |
Caters to traders adhering to Islamic finance principles. |
Account Opening Process
To open an account with Equiity, follow these steps: First, complete the registration form by providing your personal information accurately. This information will be verified promptly. Next, submit your employment and financial details which may include income sources and trading experience. Identity verification is required, so prepare to upload a valid ID and proof of address. Once your account is set up, you can deposit funds and start trading. Additionally, there is flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Standard spreads apply. |
| Forex (Minor Pairs) |
Varies |
$0 |
Standard spreads apply. |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$0 |
Standard spreads apply. |
| Cryptocurrencies |
Varies |
$0 |
Standard spreads apply. |
Other Fees
Equiity may charge various fees associated with trading activities, including deposit and withdrawal fees based on selected payment methods. Additionally, traders should be aware of any inactivity fees that may apply if the account remains dormant for a specified period. While platform usage fees are not explicitly mentioned, users should be informed of potential overnight interest (swap rates) on positions held overnight. Currency conversion fees may apply when trading in different currencies.
