Equiti Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Equiti Review.
There are two account types offered by equiti – Executive and Premiere. Both of them offer market execution, variable spreads, leverage up to 1:500 and the option to trade in micro lots on the renown MetaTrader 4. The Executive account is commission-free, while the Premiere includes a commission for the ECN environment.
Unlike most brokers, however, this one does not provide PAMM services.
The Company. Security of Funds
Divisa UK Limited
Equiti is a UK-based multi-asset execution-only brokerage with No Dealing Desk Execution (NDD) model. It offers trading in wide range of financial instruments – more than 60 currency pairs, CFDs on indices, commodities and precious metals on the popular MetaTrader 4. This is in fact one of the brands operated by Divisa UK Limited, which also operates the Divisa Capital brand. The company is duly authorized and regulated by the Financial Conduct Authority (FCA).
Divisa group’s global coverage is facilitated by offices in the UK, US, New Zealand and the Republic of Armenia. In fact, Divisa also holds a license from the Central Bank of Armenia and is regulated in New Zealamd as a financial services provider.
All FCA-licensed brokerages are required to hold net tangible assets amounting to at least 730 000 EUR and are obliged to adhere to a number of standards and procedures, for instance, to hold clients` money in segregated accounts, to send regular reports on trades to the commission, etc.
Besides, FCA-regulated companies fall under Financial Services Compensation Scheme (FSCS), which protects consumers up to £50,000 per person. Here you may check out more FCA regulated forex brokers.
Minimum Initial Deposit
The minimum deposit amount required to open an account with Equiti is $500, which is average for the market. Yet, other UK brokers require less as a start or none at all. For example, leading UK CFDs and spread betting provider IG, has not set any minimum initial deposit requirement.
Average spreads & Commissions
Equiti’s typical variable spreads on commission-free accounts are on the upper end of average, amounting to around 1.5 pips on EUR/USD. While this is a competitive pricing, other UK brokers offer tighter spreads. For example, IG’s average spreads on commission-free accounts amount to 0.8 pips on EUR/USD. You may also check out real-time spreads of 15 leading brokers here for further information and comparison.
This broker offers high leverage levels, reaching 1:500. Although FCA has recently proposed a leverage cap of 1:50 because of the risks associated with trading with high leverage levels, many other FCA-regulated brokers offer similar leverage rates. For instance, FxPro also provides leverage up to 1:500. You may check out a list of forex brokers that offer leverage levels equal to or exceeding 1:500 here.
Equiti supports the most widely used MetaTrader 4, a professional, fully-featured software. The MT4 platform is equipped with a whole host of extremely valuable research and analysis tools vital to trading. Besides, it provides its clients with the opportunity to fully automate their trades via Expert Advisors (EAs).
Methods of Payment
The payment methods available to Equiti ` clients are credit/debit cards, bank wire and e-wallets Skrill and Neteller.
Equiti is a recently launched FCA-regulated forex and CFD broker whose trading conditions are pretty attractive: NDD execution and competitive spreads on the MT4.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Equiti Review Conclusion
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