Equiti

Equiti Group operates through a range of established offices, which are regulated and compiled according to various regulations and hold necessary licenses. It means the broker fully complies with its operation with best practices and safety measures.

Equiti operates mainly in the Middle East market through Equiti Limited Jordan – a registered trade name in Jordan. Additional entities are registered in the United Arab Emirates, and in the UK and authorized by the Financial Conduct Authority.

How Safe is Trading with Equiti?

Various regulations and authorities set a number of rules to ensure a reliable environment for investors or traders.

• Equiti Group segregates the funds of all its individual clients completely in accordance with the client money rules. That indicates that traders’ funds are not allowed to combine with the broker’s running accounts for greater security. Secondly, clients have compensation schemes that cover them against the broker’s unlikely insolvency.

Consistency and Clarity

Equiti is a broker with multiple licenses, tight regulation from six authorities, also its offerings have enhanced over the years which proves company steady and stable performance. We found that the broker is also appealing to traders, having their loyalty and high regard. Most of the real reviews from clients are positive, showing that traders stay with the broker for many years.

The broker offers good security measures, protecting its global clients by safeguarding private data, offering transparent conditions, and a good fee structure. All in all, Equiti is a broker that has stayed consistent in its services and enhancements, offering traders conditions in line with the market expectations.

Account Types and Benefits

Equiti offers its clients two main account types – Standard and Premier. Each account type offers different conditions, meeting different trading needs. So, traders can choose an account type based on their skills, the offered fee structure, minimum required deposits, and other features. However, both Standard and Premier accounts give access to both MT4 and MT5 platforms, with available leverage up to 1:2000, depending on the entity under which the account is registered.

Standard Account

This account type is ideal for new to intermediate traders. It has no minimum deposit, which is favorable, especially for new traders who want to start with no or very minimum fund investment. The fee structure between the accounts is completely different. Standard accounts integrate all costs into spreads, with the average spread being 1.4 pips, with 0$ commission. The account is compatible with mobile, desktop, and tablet, with Advanced market analytics, live market news, and instant notification. The account base currency is USD.

Premier Account

The Premier Account is suitable for advanced and high-volume traders, with deposits starting from $100. The account is commission-based, with $3.5/lot per side commission and spreads starting from 0.0 pips. The account gives access to advanced tools, market analysis tools, live market news, and more. The account base currency is USD.

Cost Structure and Fees

• Equiti Fees

The applicable costs of the broker depend mainly on the account type, as each account type offers a different fee structure – spread-based and commission-based, which gives traders an opportunity to choose the accounts based on their investment plans and preferences. You can see a breakdown of the Equiti cost structure below:

• Equiti Spreads

Since Equiti Broker spreads depend on the account type you trade through, for Standard accounts all the costs are integrated into spreads, thus there are no other transaction fees applied. The average spreads are 1.4 pips. Spreads also depend on the instrument traded, also the entity client opens an account with. With our tests the typical spread we got for EUR/USD is 1.4 pips, and the XAU/USD spread is 0.28.

As the Premier account type is commission-based with no spread but commission charge as broker fee.

• Equiti Commissions

Equiti offers a commission-based account too known as aPremier, which is more suitable for advanced traders and those clients who prefer raw spreads and fixed commissions as main trading cost. The applicable commission per side per lot is $3.5. This is considered a competitive offering, in line with the market average. For the Standard account, there are no commissions as all costs are included in spreads.

• Equiti Rollover / Swap Fees

The swap fees should be constantly checked by traders per product, as they might change due to market movements. Swap fees depend on the instruments traded and the short or long positions. Long swaps for EU/USD are -8.168, while for the short position 4.086.

How Competitive Are Equiti Fees?

We have compared the Equiti Fee structure to other brokers in the market to see how competitive they are. The costs of the broker in general depend on different conditions, from the account type chosen to the traded instrument and, of course, the entity.

Equiti with its two main account types offers spread-based and commission-based accounts overall is considered as good cost Broker. Yet, for the standard account the offering is slightly higher than majority of competitors, however still in line with the market average. As to commission account it is better choice then since commission we find is among typical market offering and provides clear and transparent conditions. Overall, what we liked about Equiti’s fee structure is the transparency it offers, all costs may be found on site also are clearly specified at the platforms.

Trading Platforms and Tools

With Equiti traders have access to the popular MT4 and MT5 platforms, with a wide range of trading tools and advanced features available. Also, traders have access to MQ WebTrader, which enables trading on the MT4 and MT5 platforms through a web browser with no need for installation.

Web Platform

Equiti enables trading through a web browser, which, for many traders, is the ideal option to trade with no need for installation. This is especially suitable for those who often change their devices. Equiti enables access to both MT4 and MT5 web platforms.

Traders can use enhanced features and tools, such as timeframes, technical indicators, and good charting tools. All the essential trading functionalities, real-time quotes, charting tools, and order execution are available, which guarantee an excellent trading experience.

Main Insights from Testing

Equiti’s WebTrader allows traders to analyze markets and execute trades directly from the browsers. The WebTrader is easily accessible and can be opened from different devices. Webtrader enables good analysis tools and features, charts, technical indicators, and fast order execution. Traders can perform trading, analyze market data, and make use of sophisticated charting studies – a perfect solution both for beginner and professional traders who prioritize convenience and functionality.

Yet, compared to desktop versions the Webb software for trading is indeed more limited and features less available capabilities.

Desktop MetaTrader 4 Platform

Through the MT4 platform, clients can trade Forex, indices, commodities, shares & ETF CFDs from their Standard or Premier accounts. The platform does not apply any fees, and trades can be conducted from various devices, such as mobile, laptop, or tablet. MT4 gives access to 80 trading tools, MQL4 programming language, 3 Order Execution types, 4 Pending Order types, and 9 Time Frames.

Besides the MT4 desktop platform enables access to various features, including Single-thread Strategy Tester, Market Watch Data, and Table Reports. The platform also allows different strategies like Hedging.

Desktop MetaTrader 5 Platform

Equiti MT5 Desktop platform gives access to CFD Commodities,  Oil CFDs, Precious Metals, Gold CFDs, Shares and ETFs, and CFD Indices. The platform provides enhanced market depth and very fast execution. Traders gain access to multi-thread strategy tester, market watch data and table reports, full Economic Calendar, and more.

Also, the MT4 platform is equipped with 88 built-in EAs and Trading Robots, four order executions, six pending order types, 21 time frames, and over 100 customizable charts.

MobileTrader App

The Equiti MobileTrader App is a proprietary mobile platform provided by Equiti, enabling trading on the go. With this platform, clients can trade forex and a wide range of CFDs on indices, commodities, shares, ETFs, and futures. The app offers real-time market data, order execution, access to different strategies, and management of funds directly from the phone. To be able to install the app traders need to have iOS 12+ or Android 7.1+.

Trading Instruments

Our research shows that Equiti has more than 1500 available trading instruments. Yet, the exact number of instruments would be based on the account type and the trading platform used. The broker’s proprietary app boasts the largest set of instruments available to traders, targeting different strategies and offering opportunities for diversification. The various product range includes more than 60 Forex currency pairs, hence giving wide access to the international foreign exchange market with minor or popular Currency pairs available to trade.

This adequate offering makes Equiti a suitable choice for traders with various demands, from forex and indices to CFDs on stocks, commodities, and ETFs.

Below are listed the main trading products available at Equiti:

• FX pairs
• Indices
• Commodities
• Shares
• ETFs
• Crypto CFDs

Main Insights from Exploring Equiti Tradable Assets

Equiti offers an adequate range of instruments that will enable traders to diversify their trading and explore new opportunities. For its broad range of tradable assets, Equiti  is a good choice for both novice and seasoned professionals.
The broker has enhanced its product range with a wide selection of global indices, enabling traders to explore opportunities in major economies. This variety allows traders to diversify their strategies, refine their skills, and build comprehensive portfolios. Equiti’s asset selection supports a trading experience that caters to different levels of expertise and market interests.

Deposit and Withdrawal Options

Deposit Options 

With Equiti there are lots of ways to fund your trading account. The conditions and laws for money transfers are different in each country. To process internal transfers traders should enter the Equiti Portal. The broker allows the following funding methods:

• Credit/Debit Cards
• Bank Wire
• Neteller
• Skrill
• Crypto wallets
• CliQ (Jordan)
• Dinarak (Jordan)
• FasaPay
• GlobePay

Minimum Deposit

The minimum deposit for the broker is different based on the account type. For the Standard account, there is no minimum deposit. For the Premiere account, the minimum funding starts from $100. For the first deposit, Equiti may request proof of payment (such as a bank statement/screenshot), and afterward, all deposits using the same account and method will be made instantly.

Withdrawal Options

While the overall process to make a deposit or withdraw funds from or to an account is a straightforward process that takes a little time, Equiti covers all payment fees so there are no charges on deposits or withdrawals waived to traders, yet e-payment withdrawals may cost 1% per transaction.

• However, traders from different countries should check the availability of the particular payment method, both in terms of availability and in regard to the applicable fees.
• Withdrawal may take longer to reach the trader’s account due to external payment processors. Requests of withdrawals can be made at any time and they are processed by the broker’s team on a daily basis.
• The withdrawal arrival time is different for different methods. For wire/bank transfers, it will take, on average, 3 to 5 working days. For Credit/Debit cards, withdrawals are processed within 1 to 14 working days (depending on your card issuer). Virtual Currency withdrawals take less time, usually from 1 to 2 working days.

Customer Support and Responsiveness

Equiti offers customer support in multiple languages, enabling more accessibility for clients all over the world. The support team operates 24/6, catering to traders across various time zones. Customers can reach out through live chat for instant assistance or via phone lines.

The support team is knowledgeable and helpful, providing timely solutions both for beginner traders seeking guidance and professional traders requiring more technical assistance.

• Besides, Equiti has a FAQ section, which provides detailed answers to the most common questions that traders may have.

Research and Education

Equiti provides robust research tools and insights that are available right in the broker’s trading platforms. These include access to a variety of trading strategies and risk management guidelines. Advanced traders can get access to various tools regarding risk-reward analysis, mechanisms of leverage, and techniques of portfolio construction. Equiti also provides daily updates on the markets, offering in-depth economic calendars, technical analysis, and insight into global trends.

Here is the breakdown of all the research tools Equiti offers, while some available right from the platforms others accesible via Broker site:

Education

Equiti’s Trading Academy enables traders to improve their financial literacy, make smarter decisions, and learn the basics of trading by providing access to helpful articles on different topics like risk management, market analysis, and various strategies.

• Trading 101 provides traders with detailed articles on how to start trading

• Risk Management section helps traders to plan the trading to reach success, using risk management tools

• Market Analysis gives deeper insight into the market, enabling traders to trade based on professional evaluations and data.

• Trading strategies offer detailed insights into popular and proven techniques based on market research, historical data, and specific trading goals, assisting traders to align their trades with the current market conditions.
• Webinars are another way to assist traders, equipping them with market knowledge and skills. However, webinars’ availability might depend on the entity.