Equiti Capital
Pros and Cons
Pros
- Regulated by FCA in the United Kingdom
- Diverse trading instruments: Forex, indices, commodities, metals, shares, ETFs, and cryptocurrencies
- Platforms: MT4 and MT5 available for trading
- Established in 2008 with a strong operational history
- Supports multiple trading account types and leverage options
Cons
- No demo account available
- Limited customer support (only email)
- Unclear information on trading fees
- High minimum deposit requirements
- Mixed user reviews regarding transparency
Basic Information
User Reviews
Equiti Capital Overview
Equiti Capital, established in 2008 and headquartered in the United Kingdom, is a regulated forex broker under the Financial Conduct Authority (FCA), holding the Institution Forex License (License No. 528328). With a strong compliance framework, Equiti Capital provides a secure environment for traders, ensuring adherence to high standards of financial integrity and client protection. The broker’s longevity in the market reflects its commitment to providing reliable trading services, bolstered by regulatory oversight from one of the industry’s leading authorities.
Is Equiti Capital Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds, Investor Compensation Scheme |
Is Equiti Capital Regulated and How Are Client Funds Protected?
Equiti Capital is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which is considered one of the most reputable financial regulators globally. This regulation ensures that the broker adheres to strict compliance standards, enhancing its legitimacy and trustworthiness in the forex market. Client funds are safeguarded through several measures, including the segregation of client funds from the broker’s operational funds, which mitigates the risk of loss in the event of financial difficulties faced by the broker. Additionally, clients may benefit from the Investor Compensation Scheme, which provides further protection should the broker become insolvent. Overall, Equiti Capital presents a safe environment for trading, backed by robust regulatory oversight.
Trading Products and Services
What trading instruments does Equiti Capital offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 50+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | US: Apple, Tesla; UK: BP, Vodafone | 100+ |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Equiti Capital provides a diverse range of trading instruments that cater to various trading styles and preferences. With offerings across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies, traders can easily find products that align with their investment strategies. This variety allows both beginners and seasoned traders to engage in flexible trading approaches, whether they are looking to capitalize on short-term market movements or to build a long-term investment portfolio. By supporting multiple asset classes, Equiti Capital enhances opportunities for portfolio diversification, enabling users to mitigate risks and optimize returns in the ever-changing markets.
Account Types and Trading Conditions
What Account Types and Fees Does Equiti Capital Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Access to a wide range of instruments, low minimum deposit | Ideal for new traders looking to practice and learn |
| Professional Account | Experienced traders | Higher leverage, lower spreads, and enhanced trading conditions | Requires proof of trading experience and volume |
| Corporate Account | Corporate clients and institutions | Customizable services, dedicated support, and tailored solutions | Requires corporate documentation and verification |
| Islamic Account | Traders requiring Sharia-compliant options | Swap-free trading, no overnight interest | Must be verified for eligibility |
| Demo Account | All traders | Risk-free trading environment to practice strategies | Available for all users, no capital required |
Account Opening Process
To open an account with Equiti Capital, prospective traders must complete several steps. Initially, applicants need to submit personal information, which includes name, address, and contact details. Following this, employment and financial information is required to assess the applicant’s trading experience and financial status. Additionally, identity verification is mandatory, which involves providing a valid ID and proof of address, such as a utility bill. This ensures compliance with regulatory requirements. It’s important to note that once an account is established, users have the flexibility to upgrade to a professional account in the future as their trading experience and volume grow.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads |
| CFDs (Stocks) | 1.5 | $0.10 per share | Varies by stock |
| CFDs (Indices) | 1.0 | $0 | Low fees on major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
| CFDs (Commodities) | 2.0 | $0 | Standard spreads apply |
Other Fees
Equiti Capital has several other fees that traders should be aware of. Deposit and withdrawal fees may apply depending on the payment method used. Inactivity fees are charged if an account remains dormant for an extended period. Additionally, platform usage fees may apply for certain features, while overnight interest or swap rates are applicable for positions held beyond trading hours. Lastly, currency conversion fees may be incurred for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Equiti Capital Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | VPS, API interface |
| MT5 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, push notifications, economic calendar | VPS, API interface |
| Web Version | Browser-based (Desktop, Mobile) | Encryption, symbol lookup, one-click trading, price alerts, technical analysis tools | Demo accounts |
| Mobile App | iOS, Android | Biometric login, symbol lookup, one-click trading, push notifications, technical indicators | Demo accounts |
The MT4 platform is widely recognized for its user-friendly interface, making it suitable for beginners, while MT5 provides advanced tools and multi-asset capabilities that appeal to experienced traders. Equiti Capital supports mobile trading through dedicated mobile apps and a web version, ensuring traders can access their accounts and execute trades securely and efficiently from various devices. Key features across platforms include secure login options, fast order execution, real-time alerts, and effective market search tools to facilitate user experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (PayPal, Skrill, Neteller) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (GrabPay, FasaPay, POLi, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Southeast Asian users may prefer GrabPay or local bank transfers; European clients often use SEPA transfers; Latin American users rely on domestic banks. US users cannot use Skrill; some Middle Eastern countries limit PayPal. Partner banks in Japan may offer zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, log into your account, navigate to the withdrawal section, choose your preferred payment method, enter the amount, and confirm. Ensure you have completed any required identity verification beforehand. Note that withdrawal requests may undergo AML checks.
Customer Support
Equiti Capital Customer Support Overview
Support Channels
Equiti Capital offers various contact methods to ensure customer support is accessible and efficient. Clients can reach out through the following channels:
- Email: For detailed inquiries, customers can send an email to support@equiti.com. This is the primary method for support and is monitored regularly.
- Live Chat: Available on the Equiti Capital website, the live chat feature provides instant assistance for quick queries.
- Telephone: While direct telephone support is limited, clients are encouraged to use email for comprehensive support.
- Social Media: Equiti Capital maintains a presence on platforms like LinkedIn, allowing clients to engage and get updates.
Service Availability
Equiti Capital’s customer support operates 24 hours a day from Monday to Friday, ensuring that clients can receive assistance whenever they need it. The support team is multilingual, with representatives available in multiple languages, including English and Arabic, catering to a diverse clientele.
Additional Resources
Equiti Capital is committed to enhancing the trading experience for its clients by providing valuable resources such as:
- Video Tutorials: Educational content that guides users through platform features and trading strategies.
- Webinars: Regularly scheduled sessions covering various trading topics and market insights.
- Market Analysis: Detailed reports and insights that help traders make informed decisions.
- Trading Signals: Notifications that assist traders in identifying potential trading opportunities.
Overall, Equiti Capital prioritizes customer support, ensuring that clients have the help they need at their fingertips, whether through direct contact or educational resources. Their commitment to service is reflected in the positive feedback received from users who praise the responsiveness and helpfulness of the support team.
Frequently Asked Questions
Yes, Equiti Capital is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which ensures compliance with strict industry standards and provides a level of protection for client funds.
Equiti Capital provides access to a wide range of market instruments including Forex, indices, commodities, metals, shares & ETFs, and cryptocurrencies. They support both MT4 and MT5 trading platforms, offering competitive spreads and flexible leverage options.
Equiti Capital prioritizes fund security by keeping client funds in segregated accounts with top-tier banks. Additionally, they are regulated by the FCA, which imposes strict requirements on client fund protection and financial practices.
Equiti Capital offers customer support via email at support@equiti.com. While they do not provide phone support, their team is committed to responding promptly to client inquiries during business hours.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.