“Discover the future of trading” – this is the invitation to start trading on financial markets from the broker Equithy Global, 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 Global offers clients several types of accounts:
- Basic. The minimum deposit is $200. Includes platform and crypto wallet introduction, leverage up to 1:30, and spreads at 1%.
- Silver. From $10,000. Includes assistance from a personal manager, market reviews, live trading event invitations, and more favorable conditions regarding spreads and leverage.
- Gold. From $50,000. Additionally, The firm offers priority fund withdrawals, in-depth market analysis, and educational resources from experts. Leverage up to 1:300, and spreads from 0.35%.
- Platinum. At least $100,000. Financial plan, dedicated analyst, leverage up to 1:400, and spreads from 0.2%.
- VIP. At least $250,000. Best conditions and service.
Equithy Global 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. The 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 Global is absent both in the FCA and the SVGFSA. Thus, there is no license.
Looking at the official website of Equithy, you can immediately guess the fraudulent nature of this pseudo-company. Such sites are encountered very often. Fraudsters use ready-made templates to create their fake brokerage websites. Obvious fraud, nothing more.
Withdrawal of funds does not work. Scambroker simply stole money from me. I can't even get the money back. It's impossible! I consulted a lawyer, but there was no use, because the platform is anonymous.
It is well known that a British broker must obtain a license from the FCA. But it is not here. In addition, the company is definitely set against clients, as it has no other way to earn money. This is a dealing desk, which benefits from traders losing money. Equithy has been operating for a long time, engaging in blatant fraud, it's easy to guess. I recommend passing by and not believing the words of swindlers.
This is a typical scam company, created by a group of anonymous swindlers to deceive as many gullible traders as possible for money. Do not trust Equithy because it is a fake brokerage. Such a company does not exist anywhere. A phone number from the UK? Nonsense. You can personally check the Companies House register and see that there is no such broker there. Similarly, with Saint Vincent and the Grenadines, which the scammers forgot to remove from the copied user agreement. By the way, you don’t need to read the user agreement, it's useless.
You will deposit money here, but you won't be able to withdraw it. What's the point in that? In short, a dirty and scam entity. That's all. No need to invent anything, just stay away, and trade where there are a bunch of licenses and a 20-year operating period. It's not about scammers.
It's better not to take the risk and not open an account on equithy.com. The company looks extremely dubious and unsafe. It does not have a license, and a specific legal address is not even indicated. I also found positive reviews on the internet, but I think - they are fake. It's standard practice among fraudulent companies that want to lure more clients with money using fake positive reviews. So you should not believe positive comments on the internet. Better conduct independent research to understand whether you are facing a scam platform or not. There are a lot of red flags here, but there are simply no positive factors.
How I wish that the dirty scammers from Equithy would end up in jail sooner! Karma will catch up with you, fraudsters! They deceived me out of $2K and didn't want to withdraw it back. They do not even respond to contact!
The minimum deposit there is not very high, so anyone can try the service and trading here. All it takes is $200, and you can start earning in the financial markets. I liked the broker from the first deal. I immediately began to earn from a deposit of $1,500. I closed the first deal with a profit of +$30, the second with +$50, and in the end, for the first month of active intraday trading at Equithy, I was able to earn more than $700. Half of the profit I successfully withdrew back. As I used USDT for the deposit, the withdrawal of funds was also to the same wallet. I didn't have to wait long, the money was sent within a few hours. And there, in 2-3 minutes, the cryptocurrency was in my wallet. As you can see, everything is fine and great. After the first successful withdrawal of funds, my doubts finally went away, and I started to trust the platform more. That's my story. Great platform.
spreads of 1% look very intimidating. if this is true, then I don't think the platform can be called profitable. 1% is a lot, even 0.3% is a lot, other brokers have spreads of no more than 0.05%. think before you get involved here.
I can't say something good or bad about the brokerage intermediary. equithy.com looks like a typical platform for CFD trading with leverage, but without any unique advantages. Why should traders choose this company over another with excellent investment opportunities? There are also additional services and features here, but they are only available to those who have money, at least $10,000. However, not everyone has such amounts.
I don't know if Equithy is engaged in fraud or not. It looks like a decent firm, but its attempts to extract a lot of money from clients are just astounding and create a negative impression. So I don't even know how to regard the company. Whether positively or negatively.
Fake platform, there's no real trading here. Equithy does not route traders' trades to interbank liquidity, so you can't trade here. Here's an example of a classic scam in forex. People who invested money here have lost everything, down to the last cent.
These scammers do not allow withdrawing money. Therefore, they operate as secretly and anonymously as possible, and also try to extort as much money as possible, offering better service for those who can afford to invest large sums.
I only lasted a week with Equithy, I couldn't trade any longer. First, some inadequate trading conditions - very low leverage, and high spreads. I enter a trade, 50% of my deposit is engaged, and I can't enter another trade. One trade at a time? Complete nonsense. Huge spreads, paying 1% for each trade, isn't that too much? Secondly, the platform is very poor. It hangs and lags, and the charts seemed fake to me. They were too different from the ones I looked at on the tradingview service.
They didn't even give me a chance to earn. Instead of a profit, I got a huge loss. I lost 300 dollars. I didn't even get a chance to try withdrawal - the deposit evaporated faster. I was lucky that I only invested 300 dollars, not 1000, as I initially planned.