trading robot

Simplifying Trading for New Traders – An In Depth Equiti Review

Equiti Broker Review

Equiti Review

While there are many factors that can help new traders pick their favorite broker, one of the most important things is simplification. As a new trader, you want things to be easy for you so you can focus on trading rather than trying to figure out what does what on a trading platform. Equiti is a well-known broker admired by new traders for how simple it makes trading for them. It brings to the table the best trading conditions while also maintaining features that make the lives of the new traders convenient as they continue to trade. Let’s take a dive into what this broker has to offer and see how new traders can trust it.

Crypto Comeback Pro Review

#1 SoftwareCrypto Comeback Pro Review

83% Win Rate$250 Min DepositAccepts Credit Card

TradeRead Review

Reviewing Equiti Features for New Traders

An Easy Trading Platform

Right from the start you will notice that simplification is a focus of the broker to help traders start their trading careers successfully. If you visit the broker website, you will notice that the vision of the minds behind Equiti is to make trading easy and lucrative for traders. Their pick of MetaTrader 4 as a trading platform shows that philosophy in practice. If you browse around in search of different online brokers and the trading platforms, you will find out about how popular MetaTrader 4 is. It is the best and the most famous trading platform that has been around for several years now.

MetaTrader 4 gave online trading a completely new life when it arrived. It offers you a clean and clear user interface so you can learn how to trade on it within a few minutes of use. At the same time, there is a lot that you can customize on this platform to make it exclusively yours as you trade on it. All the charts and graphs needed by a trader are also available on the platform with the information about every asset being updated in near real time. In short, every piece of information you need as a trader to execute successful trades is already there on the platform.

MetaTrader 4 can be downloaded on your computer when you want to trade. The broker gives you the access to the platform as soon as you have opened an account with it. However, if you are not okay with downloading the software on your computer, you can go with the web trader option from the broker. Yet again, you will notice that the broker is committed to simplifying things for its new traders. Web trader makes things even easier for you because it gives you the access to all the financial markets from wherever you are. The experience of trading on web trader is most uniform.

This trading platform is available to you through the browser on your device. What this means is that you don’t have to download any software on your computer or mobile device to access the financial markets. A web trader also removes any needs for you to be on a certain device and a certain operating system. In short, a web-based trading platform throws all the compatibility issues out of the window.

The Simple Trading Accounts

In order for you to trade with a broker, you need to choose an account from the options it offers. With most other online brokers, you will notice that they give you four and even more account options before you start trading with them. Their intention of providing you with so many options is to help you pick one that suits your exact needs and requirements. What they don’t realize is that having too many options is not always great, especially for new traders who want things to be plain and easy. When you want to sign up with Equiti, you will not have to choose from the many options. You only have two account types that have been perfectly designed to meet your requirements. Let’s take a look at each account one by one.

·         The Executive Account

The first thing to notice about this account is that it makes you feel like an executive. It is unlike any basic account from other brokers that are named with terms like “basic”, “starter”, “beginner”, etc. Straight away, you can sign up with an account that has executive features in it. When starting an account with a broker, a trader’s first thought is how much money he/she will have to deposit to start trading. In some cases, the initial deposit requirements are so high that the traders never want to trade again and change their career paths. Equiti deserves admirations here for putting the minimum deposit requirement for new traders at just $500.

It does not need you to save money for several years just to make an initial deposit in your account with Equiti and start trading. Of course, since the broker wants to keep things simple it gives you access to the MetaTrader 4 platform as soon as you sign up. From this trading platform and using the executive account, you will have access to nearly 100 assets from various financial markets. The minimum spread from the broker for this account is at 1.6. It might not be the tightest of spreads offered by online brokers, but it is definitely competitive. Do keep in mind that spreads change from asset to asset.

The most important thing for any new and experienced trader is leverage. Leverage is the benefit traders get from their brokers to increase the size of their trades and make huge profits. A leverage tells you much money your broker is willing to contribute with you to help you open a position on a particular trade. The bigger the leverage, the bigger the trade will be that you can control with it. So, the leverage is huge even though the initial deposit you have to make to activate your account is just $500. When trading precious metals and forex currency pairs, you can take advantage of leverages of even up to 1:500.

This leverage is huge compared to what other brokers offer to their traders. At the same time, if you are trading CFDs on the platform, you can still take advantage of 1:100 leverage on your trades. In either case, you can increase the size of your trades significantly and make a lot of money at the end of the day. A lot of the other features on this account are similar to what you get with the advanced account type. The main point to notice here is that you do not lose any amazing features, privileges, and facilities when you sign up with Equiti with its basic account.

·         Premiere

This particular account type has been designed for advanced traders. An important thing to notice in this account is that it is still quite easy for anyone to open it. With other brokers, you usually have to maintain some insanely difficult requirements to open their premium accounts. The initial deposit you need to activate this account is only $20,000. Yes, this amount is bigger than what you have to deposit to activate the executive account, but it is still much lower than what you have to pay for premium accounts with other brokers. Not to mention, you are going to enjoy some premium features with this initial deposit.

You will be getting access to all the asset classes available with Equiti once you have activated this account. You can trade currency pairs, commodities, and CFDs with this account. Of course, all of these assets and financial markets are available to you from the same MT4 trading platform. The biggest difference you will notice between this account and the executive account is that of the spreads. Spread makes the real difference between any account types. It shows you how much money you will be paying to the broker when you enter a trade. Loose spreads mean you will lose a lot of money on your trades whereas tight spreads mean your profits will expand.

So, you will see spreads of just 0.2 pips when you open this account. This spread is one of the tightest you will get from any online broker. Yes, there are going to be different spreads on different types of assets but this is the lowest you can expect when you have opened the premiere account with the broker. Once you have opened this account, you will take advantage of the same huge leverages that you have available with the executive account type. However, you have to notice that you lose a lot of money to the broker with that 1.6 minimum spread size with the executive account. Things are much more in your favor when you go with the premiere account.

After opening the premiere account with the broker, you will be able to open several trading positions at the same time. At any given moment, you can have 500 different positions opened. The only thing that is very different in this account from the other one is the commission you have to pay on your trades. Yes, even commissions take a bite out of the profits you make from your trades, but they are extremely small when you are with Equiti. If you are trading forex currency pairs, you will have to pay only $70 as a commission on trades that have a volume of $1 million.

The Uncomplicated Asset Index

The asset index from Equiti is also a simple one. You have three different asset classes to choose from. If you look closely, you will notice that many other online brokers have the same assets but they create more asset classes from within the major classes. For example, they usually create multiple asset classes from the commodities. They put commodities like corn, wheat, cocoa, coffee, sugar, etc. in a different class from platinum, gold, silver, etc. despite the fact that they all fall within the commodity class. With Equiti, you will find all of these commodities under the “commodities” category. In short, things are simple in every way for new traders when they are with Equiti.

Within the commodities category, you can trade energies and precious metals with the broker. If you want to trade precious metals, you have the option of trading gold, silver, and platinum available for you. In addition to that, you have Brent and WTI Crude Oil available for trading on the same trading platform. The best thing is that you can trade these assets without paying any commissions on them. They are all rolling type and there are some huge leverages that will help you trade some big lots. The contract size and margin requirement information is available on the website for you to see.

The indices section on the asset index is very important. This is where you will not be trading the real stocks but only CFDs. When you trade indices CFDs, you will be trading the contracts of these assets but not the assets themselves. You will be able to access the index markets of various countries of the world from the same platform when trading CFDs with Equiti. Once again, you don’t have to pay any commission on your trades if you have signed up with the Executive account type with the broker. The margin requirement of just 1% lets you trade these assets with ease and without affecting your budget too much.

Last but not least, you can trade forex currency pairs with this broker. This is the most detailed and the best section of the Equiti asset index. You will find 68 different currency pairs available for trading in this category, which means this is the biggest asset class from the broker. In these currency pairs you will find all the most liquid and the most volatile currency pairs. The most liquid ones are the safe ones because you can easily buy and sell them without any huge movements in their values. On the other hand, you can also trade some of the rarest and the most exotic currency pairs. These currency pairs offer volatility and thus a chance to make huge profits on you trades.

The biggest leverages are available to the traders when they choose to trade forex currency pairs with Equiti. The margin requirement is as low as 0.20% whereas the leverage that you will be able to enjoy is a huge a 1:500. If you sign up with the premiere account with the broker, you will be able to trade currency pairs with spreads as low as 0.6. In short, there are lots of possibilities for you to trade your favorite assets when you sign up with Equiti. If you are a new trader, you can pick the assets that pose the least risks to your budget. If you are an experienced trader, you can look forward to diversifying your portfolio with so many trading options.

The Regulation Information

No matter how big the leverages and how convenient the trading conditions are, you cannot think about trading with a broker if there is no regulation in place. Trading in financial markets has become a popular way around the world for traders to invest their hard earned incomes. However, the dreams of making it big and attaining financial stability can make these traders take some wrong steps. They can end up signing up with brokers who are not reliable and not even legit at times. Yes, there are entities on the internet that are not honest with you. They are there to take away your money from you only.

You have Equiti taking care of your money and information according to the highest industry standards. Most importantly, you have the peace of mind while trading with Equiti that your broker has been licensed and registered by the regulating authorities from several countries of the world to provide its services. The company is registered in several countries of the world with proper licenses to provide its services. It is being regulated by authorities like FCA, DGCX, and JSC. Regulation from these regulating authorities ensures that the broker only provides its services according to the safe standards of the industry.

You can also rest assured that the money you are depositing in your account is safe and the information you provide on the website is also safe. Regulating authorities are monitoring the activities of the financial institutions like Equiti to protect the interests of the traders who are putting their hard earned cash on the line to make more money through investments. The best thing is that the broker went above and beyond the conventions to get registered and regulated in more than one country. The money you deposit with the broker goes into a separate account, which is also a standard that only the legit brokers follow.

You are highly recommended to avoid signing up with online brokers that don’t have any kind of regulations. If you think safety is an important factor when putting your real money on the line, you will only sign up with brokers like Equiti.

The Deposits and Withdrawals

A sign that you have signed up with the right broker is that you will have no issues when depositing and withdrawing money from your online trading account. The right brokers do all they can to simplify this process for you. Believe it or not, depositing money in your account can be difficult if your broker is not willing to help you. Not to mention, you will also end up spending a lot of money in paying the commissions that are often associated with your withdrawals and deposits from the account. In many cases, you don’t have to give a single penny as a commission when depositing money in your account because your broker has taken care of that.

You can use many different types of currencies in addition to the big ones like USD, EUR, GBP, etc. to deposit funds in your account. It usually takes around three business days for the funds to appear in your account, but they can be deposited even faster than that. An important concern for traders when it comes to funding their online trading accounts with brokers is of the methods they can use to deposit funds.

You have all the safest and the most used options available for you to deposit funds in your account when sign up with Equiti. You can use credit cards if you are cool with that option. More importantly, your minimum deposit can be as small as just $50 when you use this option. You can also use the bank wire transfer option to deposit funds in your account. This is also a safe method. But if you want safety and quickness in the same place, you would want to go with the internet payment option. Even in this area you will not be disappointed by the broker as you can use the two most popular deposit methods i.e. Neteller and Skrill.

Equiti Customer Support

Equiti has done a great job by separating its support department from the sales department. It splits up the load between the two department and you don’t have to wait for several minutes in queues to get attended by the company reps. You have multiple phone numbers and email addresses available for you to contact the company regarding your support and sales inquiries. A detailed FAQs section can also answer most of the questions that you have about the broker’s services, banking, etc. The Equiti customer support department is available to help you 24/5.

Bottom Line

If you are a new trader, you will be convinced to admire the efforts of the broker to simplify things so much for you. Not to mention, the account features are also suited perfectly for the new traders. You can take advantage of huge leverages and easy margin requirements while trading with Equiti. You can trade currency pairs, commodities, and indices CFDs all in the same place on the industry’s most well-known trading platform i.e. MetaTrader 4. So, if you are looking to start your trading career, you are highly recommended to take a look at Equiti.

Crypto Comeback Pro Review

#1 SoftwareCrypto Comeback Pro Review

83% Win Rate$250 Min DepositAccepts Credit Card

TradeRead Review
Previous Article
Next Article

Leave a Reply

Your email address will not be published. Required fields are marked *