Equiti Review for UAE Traders in 2024
Overall Score:
Equiti
64/100
This is our professional review of the online trading broker, Equiti, for traders and investors in the UAE. This Equiti review takes a detailed look at one of the UAE's most well-known brokers, comparing them with others in the industry. We look at specific aspects like Equiti's platform, regulations and features, and how these points impact traders in the UAE.
Written by:
Sam Reid
Sam Reid
Fact checked by:
Freddie Ricks
Freddie Ricks
Last updated:
Nov 2024
Nov 2024
Summary
Branded as the UAE’s global broker, we find overall that Equiti is a trustworthy broker that is suitable for CFD trading at the slightly more advanced level. The broker has a strong reputation in the UAE offering CFDs on shares, forex, commodities and more with leverage up to 1:500.
At the same time, we find that trading with Equiti comes with a high initial deposit and no 24/7 support.
At the same time, we find that trading with Equiti comes with a high initial deposit and no 24/7 support.
Equiti Trading Instruments
Equiti clients in the UAE can trade CFDs across a range of markets, including:
- 60+ major, minor and exotic forex pairs
- 15 global indices
- 110+ stocks across the US, UK and EU
- 8 commodities
- 8 ETFs
- 60+ cryptocurrency pairs
Equiti Commissions, Spreads and Fees
The trading fees you pay with Equiti will depend on your account type.
Premiere account - Spreads start from 0.2 pips for major forex pairs, plus commission rates charged at $70 per $1 million on forex pairs and $7 per standard lot on precious metals. All other instruments are commission free.
Executive account - Spreads for the Executive account are typically between 1.4 and 2 pips for the same pairs.
Premiere account - Spreads start from 0.2 pips for major forex pairs, plus commission rates charged at $70 per $1 million on forex pairs and $7 per standard lot on precious metals. All other instruments are commission free.
Executive account - Spreads for the Executive account are typically between 1.4 and 2 pips for the same pairs.
Traders should also be aware of swap-fees that are charged on trading positions held past 20:45 GMT. Traders can apply for a swap-free account after opening an account by contacting the Equiti client support team. However Equiti does charge expensive administration fees to offset this cost.
Equiti also charges a monthly inactivity fee after 180 days of inactivity.
Equiti also charges a monthly inactivity fee after 180 days of inactivity.
Equiti Deposits & Withdrawals
Deposits and withdrawals with Equiti are streamlined quite well, ranking them an overall 9.2 out of 10.
Deposits
With Equiti, you can choose to fund your trading account via multiple various methods, including bank transfer, card payments, Neteller and Skrill. Deposits are fast, however the minimum initial deposit when trading with Equiti is $500 for a Premier Account. For professional accounts, this amount goes up to $20,000 which is significantly higher compared to the average.
Supporting eWallet deposits is a great addition, however traders in the UAE should note that Equiti demands a minimum amount of $50 to be transferred at any time.
Withdrawals
Withdrawals on Equiti are available via the same methods as deposits (card, bank transfer, Neteller, Skrill). Equiti does not charge any fees for card withdrawals, but withdrawals via eWallets may cost 1% per transaction.
Neteller and Skrill withdrawals are processed within one business day. Wire transfers can take 3-5 business days and payment cards between 5-14 days.
With Equiti, you can choose to fund your trading account via multiple various methods, including bank transfer, card payments, Neteller and Skrill. Deposits are fast, however the minimum initial deposit when trading with Equiti is $500 for a Premier Account. For professional accounts, this amount goes up to $20,000 which is significantly higher compared to the average.
Supporting eWallet deposits is a great addition, however traders in the UAE should note that Equiti demands a minimum amount of $50 to be transferred at any time.
Withdrawals
Withdrawals on Equiti are available via the same methods as deposits (card, bank transfer, Neteller, Skrill). Equiti does not charge any fees for card withdrawals, but withdrawals via eWallets may cost 1% per transaction.
Neteller and Skrill withdrawals are processed within one business day. Wire transfers can take 3-5 business days and payment cards between 5-14 days.
Equiti Account Types
Equiti offers 2 different account types for UAE clients. One for beginner traders and one for advanced.
Executive Account
This account is best for beginner traders in the UAE. Key highlights of this account are as follows:
Premiere Account
This account is best for professional traders who have individual requirements. Key highlights of this account are as follows:
For those looking to test before they invest, Equiti also allows traders to open a demo account that doesn't use real funds. This option allows traders to test the waters before investing with real money.
Executive Account
This account is best for beginner traders in the UAE. Key highlights of this account are as follows:
- Minimum deposit of $500
- Spreads from 1.6 pips on EUR/USD
- Commission-free trading
- Leverage of 1:500 on Forex, 1:200 on CFDs, and 1:20 on equities.
- Access to a demo account with real-time prices and spreads
- No additional trading fees
Premiere Account
This account is best for professional traders who have individual requirements. Key highlights of this account are as follows:
- Minimum deposit of $20,000
- Spreads from 0.0 pips
- Leverage of 1:500 on Forex, 1:200 on CFDs, and 1:20 on equities.
- Commissions of $70 per $1 million traded on Forex and $7 per 1 standard lot round turn on precious metals.
For those looking to test before they invest, Equiti also allows traders to open a demo account that doesn't use real funds. This option allows traders to test the waters before investing with real money.
Equiti Trading Platforms
Equiti offers the standard MT4 and MT5 platforms. Since these platforms are widely known in the online trading community, they don't need much introduction. However you should note that while these platforms have been around for a while, they are regarded as the gold standard for forex and CFD trading, offering additional features such as automated trading, advanced order types and technical indicators that can assist your trading.
Equiti has also added some extra valuable add ons into these platforms to give its UAE clients a trading edge. Equiti traders can access a News Sentiment feature to spot trading opportunities, along with a Dow Jones Newswire, Market Data, Analytical Tools and full Economic Calendar.
Equiti has also added some extra valuable add ons into these platforms to give its UAE clients a trading edge. Equiti traders can access a News Sentiment feature to spot trading opportunities, along with a Dow Jones Newswire, Market Data, Analytical Tools and full Economic Calendar.
Equiti Research & Education
Equiti has an Academy dedicated to educational tools, however it can’t be accessed directly from the Equiti homepage. It provides a variety of tools to aid beginner traders in becoming skilled and experienced. Equiti’s academy offers the following:
In our evaluation of Equiti’s academy, it’s not the most user friendly and isnt updated on a regular basis. For this reason we find that Equiti’s educational material is not as strong as other brokers.
- Trading guides – i.e. “What Is Forex’, ‘How To Trade Forex’ etc.
- Webinars – which is not only a comprehensive but continuous program that covers interesting trading topics online
- Educational seminars
- Workshops
- Videos covering various topics
- Trading Glossary
- Market news
In our evaluation of Equiti’s academy, it’s not the most user friendly and isnt updated on a regular basis. For this reason we find that Equiti’s educational material is not as strong as other brokers.
Equiti Regulation
Equiti has multiple regulated entities around the world including the UK, Jordan and the UAE, and are licensed by some of the most reliable regulatory bodies globally.
As well as being regulated by the FCA in the UK, which is generally a great safety indicator, Equiti is present locally in the UAE and regulated by the Securities and Commodities Authority (SCA).
On the subject of safety, Equiti holds clients' funds in segregated accounts and also offers protection of client funds up to $50,000 per account.
All of these points support Equiti’s excellent reputation in the industry, making them a highly safe broker to trade with in the UAE.
As well as being regulated by the FCA in the UK, which is generally a great safety indicator, Equiti is present locally in the UAE and regulated by the Securities and Commodities Authority (SCA).
On the subject of safety, Equiti holds clients' funds in segregated accounts and also offers protection of client funds up to $50,000 per account.
All of these points support Equiti’s excellent reputation in the industry, making them a highly safe broker to trade with in the UAE.
Equiti Customer Support
Equiti offers 24/6 customer support to its clients and were found to be super friendly and helpful from our research and testing. The Equiti support team can be contacted in the following ways to solve any trading or account issues you may encounter.
- Email - support@equiti.com
- Phone - See the broker’s Contact Us Page for the region specific number
- Live chat - available as a pop up on the right bottom corner of the website.
Equiti FAQs
With a good trading strategy, it is possible to become of the thousands of profitable Equiti traders. However you should also be aware that trading comes with risk, and there is always the chance that your trades can move against you.
Yes, Equiti is completely legal in the UAE and is even regulated in the UAE by the Securities and Commodities Authority (SCA) of Dubai.
Yes, Equiti is rated as a highly safe and secure broker as the broker is regulated by several top tier regulators.
Equiti: The Bottom Line
Overall, Equiti is a highly reputable forex and CFD broker in the UAE. It accommodates beginner and advanced traders, however with the slightly more complex MT4 and MT5 platforms and higher than average minimum deposit amount of $500, we recommend Equiti for serious traders that already have some knowledge and understanding of online trading. Overall Equiti is recommended for:
- MT4/MT5 traders
- CFDs and Forex
- EA/ Automated trading
- Personalized customer support
- MAM accounts
