“Discover the future of trading” – this is the invitation to start trading on financial markets from the broker Equithy, which is the subject of our review. According to the official website, the company operates without a license, and its exact legal address is unknown. The contacts list a phone number from the United Kingdom, and the user agreement mentions the offshore jurisdiction of Saint Vincent and the Grenadines – it is all that is known about the firm’s headquarters and offices. Can a brokerage platform without a license be trusted? Let’s take a closer look at the activities of the intermediary and the conditions.

How to Trade

Equithy offers clients several types of accounts:

  1. Basic. The minimum deposit is $200. Includes platform and crypto wallet introduction, leverage up to 1:30, and spreads at 1%.
  2. Silver. From $10,000. Includes assistance from a personal manager, market reviews, live trading event invitations, and more favorable conditions regarding spreads and leverage.
  3. Gold. From $50,000. Additionally, Equithy offers priority fund withdrawals, in-depth market analysis, and educational resources from experts. Leverage up to 1:300, and spreads from 0.35%.
  4. Platinum. At least $100,000. Financial plan, dedicated analyst, leverage up to 1:400, and spreads from 0.2%.
  5. VIP. At least $250,000. Best conditions and service.
In addition, customers can use an affiliate program. Trading is conducted on Webtrader with basic functions and technical analysis.

Equithy Vital Info

The duration of the firm’s operation remains a mystery. For unknown reasons, the broker preferred not to disclose its duration of operation in the forex service industry. However, it is still necessary to understand when the platform was launched. The only way is to check the domain registration date. Equithy’s official website was launched in March 2023.

Licenses are not mentioned on the official website. Considering the mention of the United Kingdom and Saint Vincent and the Grenadines, one can check the registries of financial commissions of these countries. Equithy is absent both in the FCA and the SVGFSA. Thus, there is no license.

FAQ

What are the key facts about Equithy?

The firm hides its founding date, but judging by the domain registration date, the platform has existed for less than a year - it is a short duration of operation. In addition, it is necessary to highlight the absence of a license, both from the FCA and from Saint Vincent and the Grenadines. Specific legal addresses are also missing. Registration documents and financial reports are not uploaded, and the business model remains unknown. Presumably, the firm operates on a dealing desk model.

What's the risk to my wallet when working with this broker?

The main risk with any illegal intermediary is the impossibility of withdrawing funds. That is, a client can deposit and even trade, but it is impossible to withdraw money back. Even the part that was invested, not to mention the profit. It is also hard to make a profit from trading with companies like Equithy, as the broker is interested in the opposite, as the business model implies a conflict of interests.

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