Imagine a broker that promises to place the future of online trading right at your fingertips. It sounds beautiful and captivating, but in the world of financial markets, promises like these can be too good to be true. Equithy Global claims to offer the ultimate trading experience, but doubts linger about whether it’s a trustworthy platform or just another scam. In this review, we will determine whether it’s worth your time and investment.
Table of Contents
Highlights
| 🏛️ Country | Saint Vincent and The Grenadines |
| ⚠️ Regulation | — |
| 🖥️ Website | https://equithy-global.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | $200 |
| ⚖️ Minimum and Maximum Leverage | 1:30-1:400 |
| ⚙️ Trading Platform | WebTrader |
| legal@equithy.email | |
| 📞 Phone | — |
First Impression of Equithy-global.com
Our impression of the website is somewhat ambivalent. At first glance, it appears quite unique and visually appealing, with ancient Greek statues and temples on the main banner. However, it’s puzzling how this aesthetic relates to trading and its future. As we delve deeper into the site, the experience takes a turn for the worse. Vital information is challenging to find, and essential details that brokers are obligated to disclose are conspicuously absent from the footer. Additionally, the presence of only the English language raises concerns about the broker’s global reach and accessibility.
Partnership and Bonuses
Equithy Global offers its clients the opportunity to participate in a partner program as well as a special VIP program. In the partner program, it’s straightforward – you can invite acquaintances and receive up to a 10% bonus for each referral. In total, you can earn up to $25,000 from each referral. As for the VIP program, it’s best to inquire with the staff directly to get more detailed information about its benefits and perks.
Account Opening Review on Equithy-global.com
To create an account on the website, you need to fill out a short form with your personal information. The required details include your first name, last name, phone number, email, and a password. It might seem like minimal data, especially when compared to the extensive questionnaires that licensed brokers usually require from their clients. Moreover, it’s worth noting that the project appears to have a casual approach to verifying phone numbers and emails, as they do not send any verification codes.
The Client Portal at Equithy Global is integrated with the web trader platform, which might not be the most convenient setup for traders. While having both functionalities in one place can seem beneficial at first, it can lead to certain drawbacks.
One of the main issues with combining the client portal and web trader is that it may limit the overall performance and functionality of the platform. Moreover, if there are technical issues or updates needed on either side, it can disrupt the entire system, affecting both trading and account-related operations.
Verification
Equithy Global does require its clients to undergo a verification process. This is a standard procedure employed by many financial institutions and brokers. You will need to provide a valid government-issued identification document, such as a passport or driver’s license. Also, it is required to provide a recent utility bill or bank statement that shows your residential address. In some cases, the broker may request additional information about your source of funds to ensure that you are conducting legitimate financial activities and complying with anti-money laundering regulations.
- The verification is necessary.
- The broker does not indicate how long the verification of documents will last.
Trading Software
The platform offered is a major disappointment for many traders. Firstly, it is only available in a web version, which limits accessibility and convenience, especially for those who prefer trading on the go. Additionally, the platform’s functionality is far from satisfactory. It lacks advanced features and tools that experienced traders often rely on for successful trading. The absence of a mobile app further adds to the inconvenience, making it difficult for users to access the platform anytime, anywhere.
| Features | Equithy Global | Montana Trading LTD | VirtuFinance |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ❌ | ❌ | ❌ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Equithy Global?
The broker boasts about its trading conditions, but let’s see if they live up to the hype.
All Info About Accounts
The firm offers various account types to choose from. We immediately looked into the basic account, suitable for beginners, which requires a deposit of $200. With this account, traders get a 30:1 leverage, some platform-related educational materials, and allegedly tight spreads starting from 1%. However, the reality is different as the 1% spreads are not so narrow.
To enjoy slightly better conditions, such as spreads from 0.75% and additional services, Equithy Global asks for a substantial deposit of $10,000. That’s quite a difference, isn’t it? A $10,000 gap separates two neighboring account types. So, what do you get for this significant investment? Well, you’ll receive a personal manager, weekly market analysis, access to over 200 trading assets, and invitations to trader events. Surprised by the package for such a hefty sum? We also believe that most of these services can be found for free, except perhaps for the live events.
If that wasn’t enough, be prepared to deposit $50,000, $100,000, or even $250,000 for the next account levels. Another concerning aspect is the relatively high leverage for a licensed broker, which raises some red flags.
- Low minimum deposit.
- Dubious additional services.
Market Analysis and Education With Equithy Global
The broker offers both education and market analysis services. However, they provide these features within the framework of expensive account types. This approach is problematic for several reasons. Firstly, restricting educational resources and market analysis to high-tier accounts excludes beginner traders or those with smaller budgets from accessing valuable learning materials. It hinders their ability to gain essential knowledge and insights needed for successful trading.
Secondly, limiting educational and market analysis tools to expensive accounts may create a perception that the broker prioritizes profits over genuinely assisting traders’ development. It raises concerns about the broker’s intentions and whether they genuinely care about their clients’ success.
Deposit, Withdrawal, and Fees Review
The deposit options offered are quite intriguing. In the footer of their website, only cryptocurrencies are listed as available deposit methods. It appears that the broker provides only this limited range of deposit options.
In the withdrawal policy section, the broker explicitly states that withdrawals are only possible through cryptocurrencies. This emphasis on cryptocurrencies for both deposits and withdrawals raises concerns about the broker’s approach to transactions and anonymity.
| Features | Equithy Global | Nublu Investments Limited | Phantomgap |
|---|---|---|---|
| Debit/Credit Cards | ❌ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ✔️ | ✔️ |
| Crypto Transfers | ✔️ | ❌ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
Equithy Global offers limited contact options, as the only available method of contact is through email. Relying solely on email for communication can lead to delays in response times. Unlike instant messaging or phone calls, emails may not be monitored or answered promptly, especially during peak times or urgent situations. Traders may need immediate assistance or have time-sensitive inquiries, and relying solely on email may hinder efficient communication.
- There is an email.
- The list of contacts is not full.
Is Equithy Global Dangerous?
It’s evident that something is amiss with this broker. Let’s delve deeper into the issues and assess the extent of the problems.
How Long Does The Broker Work?
Despite the broker’s website being designed with a Greco-Roman theme, its actual age is far from ancient. Making the equithy.com domain review, we were unpleasantly surprised to discover that it was registered in March 2023. Such a short period of operation raises concerns about the broker’s credibility and experience in the industry. Clients might hesitate to trust their investments with a broker that lacks a proven history of successful operations. Moreover, the short duration of operation raises questions about the broker’s long-term stability and potential risks associated with dealing with a relatively new and unproven entity.
Probably the owners realized that they chose too irrelevant name to promote their project. They are now called Equithy Global and operate on a similar domain equithy-global.com.
How Is It Regulated?
The broker’s website lacks sufficient legal information, which raises concerns about its compliance with the law. By not providing adequate legal disclosures, the project may be violating regulatory requirements and transparency standards.
Upon reviewing the user agreement, we found the only mention of jurisdiction, where the company claims that all disputes with traders will be resolved according to the laws of St. Vincent and the Grenadines. However, we verified the registry and found that the company was not listed there. This means that our subject of review is operating without proper legal registration or any form of regulation.
| Features | Equithy Global | OceanFX | Lig Broker |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Frequently Asked Questions (FAQ)
Kevin Berry This website is like a trip to ancient Greece! They’ve got more Greek statues than a museum! But hey, trading isn’t about admiring marble figures, right? And you know what’s hilarious? They boast about a plethora of features, but guess what? Their client portal feels like a half-empty buffet! It’s like promising a juicy steak and getting a soggy cracker. As an expert, I couldn’t help but chuckle at their empty promises. So, avoid falling for their fancy facade.
Equithy Global rating
1 review about Equithy Global
I fell victim to their deceit, and it was a hard lesson learned. They cunningly swindled me out of $5,000, and that’s when I decided to dig deeper into the truth. Turns out, Equithy is part of a whole fraudulent scheme! Stay away from this broker if you value your money and sanity!