Forex EQUITRADE Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

EQUITRADE Trading Conditions

Registered Region United Kingdom

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email N/A

Contact Number +442032872095

Website www.equitrade.co.uk

Balanced Review

Pros & Cons

Pros

Access to various trading instruments across multiple asset categories
Support for popular trading platforms like MetaTrader 4 and MetaTrader 5
Multiple customer support channels, including phone and social media
Flexible account types catering to different trader levels
Demo account available for practicing trading strategies

Cons

Not regulated by FCA or any financial authority
Lack of investor protection for client funds
Limited publicly available information without registration
Potential withdrawal issues reported by users
Unclear regulatory status with license marked as “Exceeded”

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	EQUITRADE	FXTM	EC Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does EQUITRADE Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginner to intermediate traders	Access to various trading instruments	Ideal for small-capital practice
Professional Account	Experienced traders	Higher leverage options, tailored services	Requires proof of trading experience
Corporate Account	Corporate clients	Customized trading solutions	Requires corporate documentation
Demo Account	All traders	Practice trading without real funds	Suitable for testing strategies

Account Opening Process

To open an account with EQUITRADE, prospective clients must submit personal, employment, and financial information. This includes providing identity verification documents such as an ID and proof of address. The account opening process is designed to ensure compliance and validate the user’s identity. Additionally, traders have the flexibility to upgrade to a professional account later on, should their trading experience and volumes qualify them for such an option.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	[Spread Value]	$[Commission]	Competitive spreads available
Forex (Minor Pairs)	[Spread Value]	$[Commission]	Varies by pair
CFDs (Stocks)	[Spread Value]	$[Commission]	Varies based on stock
CFDs (Indices)	[Spread Value]	$[Commission]	Market-dependent spreads
Cryptocurrencies	[Spread Value]	$[Commission]	Dynamic spreads based on market conditions

Other Fees

In addition to trading fees, traders should be aware of other potential costs associated with their accounts. These may include deposit and withdrawal fees, inactivity fees for dormant accounts, platform usage fees (if applicable), overnight interest (swap rates), and currency conversion fees. Understanding these fees is crucial for effective trading and managing overall trading costs.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

EQUITRADE User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

London

★ ★ ★ ★ ★

I had high hopes for EQUITRADE given their platform, but I’ve faced significant withdrawal issues. Every time I try to take out my funds, they keep asking for more fees. It’s frustrating and feels like a scam. I wouldn’t recommend this broker.

Sarah Johnson

Manchester

★ ★ ★ ★ ★

EQUITRADE’s trading platform is user-friendly, and I appreciate the variety of instruments available. The customer support has been helpful when I’ve had questions. However, I worry about their regulatory status. Overall, a decent experience so far.

Michael Brown

Birmingham

★ ★ ★ ★ ★

I can’t believe I fell for this broker. I deposited funds and was unable to withdraw anything. All my attempts to contact customer support have gone unanswered. It seems like a total scam. Avoid at all costs!

Emily Davis

Liverpool

★ ★ ★ ★ ★

I’ve had a positive experience with EQUITRADE. The speed of execution is impressive, and I love using MetaTrader 5 for my trades. The demo account was a great way to practice before committing real funds. I would recommend them with some caution regarding their regulatory status.

United Kingdom Market