Rana Adnan | May 26, 2022
Table of Contents
With its registered office in Amman, Equiti is a regulated trading broker that provides you with multiple trading platforms for trading a wide range of financial instruments across different asset classes, such as forex, indices, commodities, and shares. There are multiple account options to choose from.
Broker Pros / Cons
- Sophisticated trading platforms
- A range of useful trading tools
- A selection of educational resources
- ECN accounts
- Tight spreads from 0.0 pip
- Demo accounts
- Islamic accounts
- MT4 and MT5 trading platforms
- Licenced by top-tier regulations
- No deposit or withdrawal fee
- Technical views
- Economic calendar
- Crypto trading
- 24/6 customer support
- No inactivity fee
- No USA clients
- No banking licence
- Broker not listed on the stock exchange
- Limited trading instruments compared to some other brokers
- No proprietary trading platforms
- Not the tightest spreads
- Not the lowest commissions
- Minimum $500 deposit
- High minimum deposit for 0.0 pips spreads
- No copy trading
- No social trading
- No Trading Central
- No AutoChartist
Equiti is primarily an online trading broker regulated in multiple jurisdictions such as FCA in the UK, JSC in Jordan, and DMCC & SCA in UAE. They offer multiple trading products via a range of intuitive trading platforms and a selection of educational resources and trading tools.
You can benefit from multiple account options. In addition, Equiti has ECN accounts with zero spreads and an average commission fee. Multiple payment options are available, and deposits and withdrawals are free of charge. In my opinion, Equiti is a good option for beginner traders who want education resources.
Equiti is a registered trading name of Equiti UK Limited (Company Registered No.07216039), which is authorised and regulated by the Financial Conduct Authority (firm reference no,528328). Equiti Group Limited Jordan is registered in Jordan under registration no. 50248 and is authorized and regulated by the Jordan Securities Commission. In addition, EGM Futures DMCC is registered in the United Arab Emirates as a broker & clearing member of Dubai Gold and Commodities Exchange (DGCX), licensed by Dubai Multi Commodities Centre (DMCC) under License Number 31573 and Regulated by the Securities & Commodities Authority (SCA) under License Number 607136.
I like the fact that multiple government regulatory authorities regulate Equiti. Moreover, Equiti provides you with negative balance protection, so you don’t lose more than the money you invested with the broker.
The information on the broker’s website is not directed at residents of the United States, Belgium, Canada, or Singapore and is not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation. If you are a resident of any of the restricted countries, please visit our Compare Brokers page to find an alternative.
Equiti provides you with MetaTrader 4 and MetaTrader 5 on desktop pc, web browsers, and mobile versions. Even though MT5 is an advanced version of MT4, MT4 is provided by many brokers because of its simplicity and stable interface. Therefore, I like to stick with MT4. MetaTrader mobile apps are available on iOS and Android devices. You will be able to open, close or monitor your trades with real-time charts and useful tools from the palm of your hand.
On the other hand, Equiti does not have any proprietary trading platform. Besides, I like to try to use new platforms. Moreover, cTrader, the alternative to MetaTrader, is not available. If you are a fan of cTrader, then FXPIG can be a good option for you. I think Equiti should also add copy trading and social trading, which are very common and provides opportunities for investors. You can check AvaTrade as they provide social trading.
MetaTrader 4 (MT4)
The broker provides you with the sophisticated MetaTrader 4 trading platform. It is one of the leading trading platforms amongst forex and CFD traders due to its intuitive and user-friendly interface which is best suited for both beginners and experienced traders. The platform was developed in 2005 by MetaQuotes, and it provides tools and resources that allow you to analyze price, place and manage trades, and employ automated techniques. The MT4 trading platform is available in desktop, web, and mobile versions.
There is also the Equiti Trader, which is a web-based trading platform that requires no installation. It has a host of inbuilt technical indicators, shapes, and drawing tools, amongst other features.
MetaTrader 5 (MT5)
MT5, which evolved from MT4, is totally customizable and has more market depth. MT5 is based on the MQL5 language, which is the update of MQL4. MT5 is a multi-asset trading platform with lots of advanced features like multiple order types, additional timeframes, and a built-in economic calendar.
There are more than 80 technical indicators, and you can open Up to 100 charts at a time. You can set alerts for price quotes, and there are 21 timeframes.
The broker also provides you with some standalone trading tools in addition to those built into the provided trading platforms. They include trading calculators and an economic calendar.
I think Equiti should have VPS services just like many other brokers provide these days. As I frequently test my automated trading strategies with the help of a VPS by keeping my trading terminal up and running 24/7. If you want to automate your trading with the help of VPS, you should check Blueberry Markets, as they provide free VPS.
Moreover, Equiti does not provide common research tools such as Trading Central and AutoChartist. These tools help you to identify trading opportunities with the help of automated pattern recognition systems and help you build trade ideas. If you are a beginner who wants to access these tools, Forex.com provides both Trading Central and AutoChartist.
There is a vast array of educational resources on the broker’s website, including the Academy, that contains educational articles, trading guides, workshops, webinars, infographics, glossary, and publications; Blog, Newsroom, Press releases, an FAQ section, and more. They can help you to improve their knowledge of trading and the financial markets. In my opinion, Equity has a good selection of educational resources. Meanwhile, IronFX is a broker with lots of educational resources.
The broker offers forex, CFDs, indices, commodities, cryptocurrencies, and shares for online trading. I think Equiti needs to improve its product portfolio as it seems insufficient for experienced and professional traders. Popular asset classes such as options, bonds, and ETFs aren’t available. IG has a huge product portfolio with various asset classes.
The broker gives you a choice of two live trading account options: Executive and Premiere accounts with required minimum deposits of $500 and $20,000, respectively. Executive accounts have commission-free trading, but the relatively higher spreads that start from 1.4 pip. On the other hand, you need a much bigger minimum deposit to trade with zero spreads with a Premiere account.
I think $500 is a high minimum deposit for newcomers who want to try equity services. Many broker have $1 minimum deposits required to open an account; Trade Nation is one of them.
The broker’s client support team is available 24/6 and can be contacted through telephone, email, Live Chat, and social media. If you want a broker with 24/7 customer support, FP Markets provide 24/7 customer support.
The broker accepts the following payment methods for account deposits and withdrawals:
- Bank wire transfer
- Credit/Debit cards, including MasterCard, Maestro, and Visa
- E-Wallets, such as Neteller, Skrill, and more.
However, Equiti should also offer the crypto funding method as they already have crypto trading. Hugo’s Way provides crypto funding if you frequently use crypto as a means of payment.
To open a new trading account, you just have to click on the ‘Open Live Account’ button and proceed to fill out the form that will display. After that, you hit the submit button.
What is the Equiti minimum deposit?
Equiti requires a minimum deposit of $500.
How do I deposit money into Equiti?
You can deposit money into Equiti via wire transfers, debit/credit cards, and e-wallets.
What are Equiti deposit fees?
Equiti does not charge any deposit fees.
What are Equiti withdrawal fees?
Equiti does not charge any withdrawal fee
What is the Equiti commission fee?
Equiti provides commission-free trading. However, commission starts from $7 per lot per round on Premiere accounts.
Are there any Equiti inactivity fees?
Equiti does not charge an inactivity fee.
Is there an Equiti demo account?
Yes, Equiti offers free demo accounts.
What are the Equiti spreads?
Equiti has variable spreads starting from 1.4 pip. However, zero spread accounts are also available.
What is Equiti's leverage?
Equiti offers leverage of 1:400.
Is there an Equiti Islamic account?
Equiti provides Islamic accounts.
What are Equiti trading instruments?
Equiti offers the following trading instruments: forex, indices, commodities, stocks, cryptocurrencies, and CFDs.
What is the Equiti trading platform?
Equiti offers MT4 and MT5.
Where is Equiti located?
Equiti is located in Amman.
Is Equiti regulated?
FCA in the UK, JSC in Jordan, and DMCC & SCA in UAE regulate Equiti.
What countries does Equiti accept?
Equiti accepts clients from many countries. However, they do not accept clients from some countries, such as the US.
Is Equiti a scam?
No, Equiti is not a scam. They haven't top-tier regulation licences.
How can I contact Equiti support?
You can contact Equiti's support 24/6 via email, phone, and live chat.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
In brief, Equiti is a multi-regulated trading broker that operates from Jordan and the UK, offering online trading of multiple financial instruments via a range of sophisticated trading platforms. You are provided with some helpful trading and learning tools, and there are multiple account options to suit traders of all levels. My take of Equiti is that they are good for beginner traders, with MetaTrader platforms and educational resources. But I would like them more if they improve in terms of lowering the minimum deposit, increasing account options, and adding social and copy trading. With MetaTrader available, they should also provide Trading Central and AutoChartist.