Equiti Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
Equiti is a broker that focuses mostly on doing business in the Middle East.
However, in addition to clients from Australia, they also serve customers from
Europe, Africa, Asia, and Australia. As a result, we've made the decision to do
an Equiti review and learn everything there is to know about the trading terms
and conditions offered by this brokerage.
Visit Equiti Website.
Equiti is a broker with headquarters in Jordan that is owned by Equiti Group Limited. The corporation, on the other hand, is comprised of a number of different businesses, including Equiti Capital UK Limited in the United Kingdom and EGM Futures DMCC in Dubai. The JSC, the FCA, and the SCA are the three regulatory authorities that keep an eye on the corporation. The broker is affiliated with a large number of other brokerages through various relationships.
When it comes to safety, customers have the right to obtain fund insurance in the event that they have an ongoing balance of $25,000 or more. In the event of a loss, the corporation promises to reimburse customers up to one million dollars. Having said that, this doesn't really make much sense. Why would the corporation repay you in the event that you suffered a loss due to the market? We looked for other requirements that the trader must satisfy in order to be eligible for this insurance, but we couldn't locate any.
To begin, customers have the option of trading via MT4 or a web-based platform. Since MetaTrader4 is widely regarded as the platform that offers the highest level of security, we are pleased to hear that the organization has decided to use it. On the other hand, dealing with an online trader is risky and should be avoided.
The minimum deposit requirement is $500, which is quite excessive in my opinion. If you do not have any expertise in trading, there is no need for you to risk such a large sum when there are other authorized brokers that will let you create your account with as little as ten dollars in your deposit. Aside from the logos for Visa, MasterCard, Neteller, and Skrill, we haven't been able to find any terms and conditions regarding the depositing and withdrawal of monies. Sounds like a red flag.
Aside from that, the broker offers a leverage for the Forex market that goes up to a maximum of 1:500. For the sake of comparison, Forex brokers authorized by tier-one organizations like CySEC, ASIC, and the Financial Conduct Authority (FCA) provide leverage of up to 1:50 or 1:100. The decision that was taken by regulators was made in order to prevent customers from putting a significant amount of risk on their finances.
There are only two sorts of accounts that may be opened: Executive and Premiere, and they both need a deposit of either $500 or $20,000.
There is not a single cryptocurrency that can be purchased using this broker's service. It's kind of strange if they're attempting to stay up with the trends in trade, but whatever.
Because the broker is subject to a number of restrictions, the regulatory obligations differ for each customer in accordance with the company to which they belong; thus, not all clients are given the same consideration.
Equiti Group Ltd is responsible for the oversight of a number of prominent FX and CFD businesses located all over the world. This pertains to the establishment of offices in regions such as the Middle East, Europe, Asia, Latin America, and Africa. Having regulation in a number of different countries, such as the United Kingdom, Armenia, Jordan, and Kenya,
Tweets by EquitiJO Equiti is widely regarded as the industry's most trustworthy and transparent broker for foreign exchange trading.
Equiti provides its customers with access to some of the most advanced trading tools and resources in the business in order to assist those customers in achieving success in their trading pursuits. Equiti is an appealing choice for investors of any level of experience since it provides reasonable spreads on more than 60 currency pairings and advantageous commission rates for Premiere Account members.
Equiti Group Ltd is the parent business of a number of leading foreign exchange (FX) and contract for difference (CFD) brokers located all over the world. The regulatory agencies that oversee the businesses that are part of Equiti Group Ltd. are widely regarded as among the most dependable and honest in existence anywhere in the world.
Equiti Capital UK limited, which has its registered offices in London, is subject to regulation by the Financial Conduct Authority (FCA). In addition, the Jordan Securities Commission has granted authorization to Equiti Group Limited Jordan and is responsible for its regulation (JSC). They also comply with the requirements set forth by Divisa Armenia, and as of the middle of 2018, they established themselves as Kenya's sole non-dealing Forex broker.
These administrative and financial authorities design, manage, and monitor the capital market in their respective jurisdictions with the goal of ensuring the safety of investors. The regulatory entities that fulfill these roles are known as regulatory bodies. It is believed that the organizations would comply with international standards and maintain a market that is both secure and equitable for domestic and international investors.
For traders in the Middle East and APAC areas, Equiti is a broker that may participate in the cash back rebate program offered by Forest Park FX; however, there are some limits that apply to individual countries. It is not presently available to areas in the United States, Canada, Latin America, or Europe at this time.
The account that you establish will determine the minimum deposit amount that is required.
For clients to be eligible to create an Executive account with Equiti, the company demands a minimum deposit of at least $500. This is a rather minimal deposit, which ought to make creating an account with Equiti accessible for low-volume traders and newcomers to the trading world.
Equiti mandates a minimum deposit of at least $20,000 for all Premiere accounts. Naturally, this is aimed mostly at more seasoned market participants and high-volume traders.
As was just said, those who want to open an account with Equiti have the option of selecting either the Executive or Premiere package.
Clients who sign up for Equiti's Executive Account have access to a plethora of strong tools and resources, including as the wildly popular MetaTrader 4 platform.
Executive Account users get access to features such as market order execution and the ability to automate their trading with the help of Expert Advisors. Customers have access to more than 60 different currency pairs, precious metals such as gold and silver, and 15 other commodities and index CFDs to trade.
In addition, clients have access to the Non-Dealing Desk (NDD) and ECN technologies offered by Equiti. Because it integrates with a number of the most prominent liquidity providers, this technology enables account holders to benefit from narrower spreads and faster execution times.
Executive Accounts allow for micro trading, support USD, EUR, and GBP, do not need a fee, and provide average FX spreads starting at 1.6 pips.
Equiti's Premiere Accounts are tailored to the specific requirements of professional traders, who tend to have more specific requirements than the typical customer.
Customers who have a Premiere Account, just like those who have an Executive Account, get access to more than 60 different currency pairs, precious metals, and CFDs. Premiere Account holders are granted access to automated trading, risk management capability, and NDD execution in addition to the standard features of the account.
Customers that have Premiere Accounts are given the opportunity to take advantage of deep liquidity and pricing at an institutional level from a variety of Tier 1 liquidity providers. Equiti also provides a wide selection of free research tools, which may be used to assist in the process of completing technical analysis.
The price structure is the fundamental distinction between Premiere accounts and Executive accounts. Executive accounts often have substantially tighter spreads in exchange for a fee that is competitive with other options. Members who have a Premiere Account are subject to a commission fee of $7 every round turn lot. Spreads for Premiere Accounts typically begin at a low of 0.2 pips in most cases.
Equiti, much like the majority of other brokers, enables prospective customers to establish a demo account in which they may practice trading in a simulated setting before they are ready to begin trading with real money.
When using Equiti, the procedure of making deposits and withdrawals is streamlined and straightforward. There are many different ways to make deposits, including the following:
With the exception of wire transfers, the processing time for deposits is only one day regardless of the mode of payment used. Processing times for bank transfers typically range from one to three days. Equiti does not impose any deposit fees.
The procedures outlined in the previous paragraph for making deposits can also be used to make withdrawals. Withdrawals via Neteller and Skrill are processed within one working day, however bank transfers can take anywhere from three to five working days, and debit and credit cards can take anywhere from five working days or more.
The minimum withdrawal amount for bank transfers is $50, while the minimum withdrawal amount for all other methods is $30.
Equiti levies a withdrawal fee of $30 for bank transfers, 1 percent or $30, whichever is greater, for Neteller and Skrill, while debit and credit card withdrawals are free of charge. These withdrawal costs are regarded to be typical, and they are equivalent to those charged by a great number of other big brokers.
Equiti's main trading platform is the extremely sophisticated MetaTrader 4, and in addition to that, the company provides its customers with a variety of other research and instructional tools.
MetaTrader 4, often known as MT4, is a trading platform that is at the forefront of its field and offers robust charting and research features. Any web browser and computer operating system may be used to access the MT4 platform.
Because it provides users with three different execution modes, as well as two market orders, four pending orders, two stop orders, and a trailing stop, MetaTrader 4 users are able to implement even the most intricate trading strategies.
Additionally, MT4 has remarkable analytical features, such as interactive charts with up to nine time periods and online quotation capabilities. In addition, traders have access to a total of 30 built-in technical indicators and 23 analytical elements. In addition, MT4's analytical capabilities are enhanced by the hundreds of additional indicators that may be accessed through the online market and the free Code Base.
This platform also has copy trading functionality built right in. This indicates that you have the ability to select a trader with a greater level of expertise to follow, subscribe to their signal, and let your system duplicate their trades automatically. Users have access to thousands of trading techniques, both free and paid, from which to pick and follow.
Additionally, algorithmic trading methods may be developed, tested, and optimized inside a fantastic environment that is provided by MetaTrader 4. Traders are able to adopt virtually any trading strategy in the form of an Expert Advisor thanks to this.
Last but not least, customers get access to real-time financial news updates, which may assist them in keeping abreast of major developments and adjusting their strategy as necessary. Traders have the option to sign up for individualized notifications that will notify them of certain occurrences, such as changes in price.
Any trader, regardless of their level of expertise, is able to take use of MetaTrader 4's vast array of features and capabilities. In general, MetaTrader 4 is considered to be the ideal trading platform.
Traders may manage their positions and remain up to date with market news from any place thanks to Equiti's mobile trading capabilities, which are made possible by the MetaTrader 4 mobile app, which can be downloaded on iOS and Android smartphones. The majority of the capabilities offered by the desktop and web-based versions of MT4 are carried over into the mobile applications.
Users get access to a large number of the features that they have been accustomed to, including the following:
All order types
Charts of symbols
30 technical indications
23 items for analytical study
Recent events in the financial marketTrade background
Users are able to make trades immediately from the interactive charts that are shown on their mobile devices, which illustrate real-time changes in currency exchange rates.
When everything is taken into consideration, the browser-based version of MetaTrader 4 and the desktop version, which is also available for mobile devices, offer nearly comparable functionality and capabilities.
The Equiti Academy is essentially a learning center that provides novice, intermediate, and experienced traders with a number of tools, resources, and guides to assist in the development of their trading techniques and the expansion of their knowledge base.
Customers have access to a comprehensive library of infographics that may serve as references and assist them in better comprehending the foundations of forex trading as well as the usage of the MetaTrader 4 platform.
Additionally, Equiti is hard at work on putting together a series of in-person workshops. These seminars, which will be presented by knowledgeable individuals from the Equiti Group, will assist traders in broadening their knowledge on a variety of subjects that are pertinent to forex trading.
In addition, the Academy provides a selection of webinars that are appropriate for novice, advanced, and intermediate traders. These are designed to educate students on everything from the fundamentals of foreign exchange trading to the interpretation of intricate chart patterns.
Equiti provides its users with a variety of textual instructions on fundamental themes such as "What is Forex?," "Why Trade Forex," and "Trading on Leverage and Margin."
Last but not least, clients of Equiti have access to a video collection that provides in-depth visual lectures on several vital concepts. Some examples of these classes are "What is a PIP and a Spread?"
The vast collection of educational resources that Equiti maintains is evidence of the company's commitment to assisting its customers in achieving their goals.
Additionally, users of Equiti have access to research resources, which is something that clients should be able to anticipate receiving from a reputable foreign exchange trading broker.
Users are able to browse and filter the most important announcements pertaining to the market by using the economic calendar. The real-time economic calender that Equiti provides is always kept up to date with the latest events and data from all across the world.
The trading calculators provided by Equiti are capable of accurately and proficiently covering margin, pip value, profit/loss, and risk %. The management of risks and the calculating of transactions are two other uses for these calculators.
The customer service department of Equiti is open all day, every day of the week, and at all hours. Clients who have questions that require a quick response can get in touch with assistance by writing a message directly on Equiti's website, contacting the company, sending an email, or engaging in live chat. Additionally, the firm may be reached through its profiles on the social networking websites Facebook, Twitter, and LinkedIn, as well as Google+.
Equiti is an excellent foreign exchange broker that caters to traders of all levels of expertise and activity, including those with little volume and those with large volume.
Discretionary traders may benefit from competitive spreads and accessibility with Executive Accounts, while high-volume traders can take advantage of narrower spreads and more advantageous commission rates with Premiere Accounts. Executive Accounts are available to traders.
In addition, Equiti is an ideal forex trading broker since it provides cutting-edge and sophisticated trading tools and platforms, as well as stringent regulation, minimal fees, and a devotion to providing client assistance in the form of instructional materials.
Since its founding in 2008, Equiti Group Ltd. has established itself as a
veteran player in the field of brokerage. That amounts to more than ten years of
providing brokerage services from their main office. They believe that you
should be afraid of the elder man if he manages to stay alive in a game where
the young guns don't last very long.
However, the Equiti Group's seniority in the business is not the only card that it plays in this game. It is the parent firm of several different brands of forex pairs and CFD brokers. It has a team of 170 people spread all over the world and offers customer assistance around the clock.
We have Equity Group Ltd Jordan, EGM Futures DMCC, and Equiti Capital, to mention just a few of the enterprises that fall under the umbrella of this group. These brands' regulators are not to be trifled with in any way. In addition, the Jordan Securities Commission for Equity Group Jordan, the United Arab Emirates' Security and Commodities Authority for EGM Futures, and the Financial Conduct Authority for Equity Capital and its subsidiaries are also included on this list. And it is a slew of regulations that you won't come across in the majority of other brokers.
It goes without saying that a trader who engages in business with Equiti is not exposed to a significant amount of risk. Nevertheless, it is not a good idea to delve deeply into a broker without having a clear understanding of the functions that it serves and does not fulfill. Now that we have everything out of the way, let's get down to the meat and potatoes of this broker.
Equiti lets you know right from the gate that it means business by offering automated trading as well as precious metals. There are two account tiers available to choose from when you join up for its services: Executive and Premiere.
The following is a list of the primary account kinds that are provided by Equiti:
When comparing the two accounts, the price and the number of pips are the most obvious and important points of differentiation that stand out immediately.
The Executive Account requires a payment of $500, which, in this day and age, is already considered to be a quite expensive amount to spend for anything. You have the option of purchasing the Premiere Account for the steep price of $20,000 if you want to make things more elegant.
However, it is important to keep in mind that glancing at the website's comparison of various websites might be misleading.
Keep in mind that Equiti Group is the parent company of several separate companies. All of these brands comply with applicable regulations while providing a variety of accounts and services to its customers.
Therefore, it is safe to suggest that traders that prioritize saving money should not use Equiti.
But hey, if you are not yet prepared to make such a large financial commitment, why don't you give a demo account a shot? It does not cost anything at all.
Equity provides a very extensive selection of trade items, not only from the nation in which its headquarters are located but also from other countries. Keep in mind that the majority of its business is conducted in the Middle East, but that it is also a well-known brand in the United Kingdom.
To put it another way, you have access to a market that is genuinely worldwide.
The following is a list of the primary items that Equiti Trading offers:
A broker who does not provide currency trading in this day and age should, of course, really consider reevaluating their choice in line of work. In any case, the Equiti Group provides services for foreign exchange trading.
They prepared over 60 different currency pairings for the traders, including all of the majors as well as a handful of exotics.
When trading these pairs, you can use floating leverage to obtain more of an advantage over the market.
Why limit yourself to just trading currencies when you can also engage in oil and gold transactions at the same time? The prices that Equiti offers for these instruments are likewise quite competitive in the market.
All that is required of you is knowledge on how to control your risks and safeguard your potential rewards. It should come as no surprise that trading commodities is not as simple as some of the others.
You are able to trade in some of the most well-known and highly sought-after equities on the market, which is another positive indicator that your broker is reputable and trustworthy.
Profitable contracts for difference can be found on these shares. If you are interested in trading, your options will include the top 21 stocks, which will also contain the most successful technology stocks among the possibilities.
If you are interested in trading more than just individual stocks, then you should look at indices. You may expect instant diversity, pricing that is competitive, strategic orders and tools, and more once you enter this area.
One important disclaimer to keep in mind is that not all of these financial products are appropriate for you to trade with. When dealing in these instruments, you should keep in mind that the Equiti Group cannot be held accountable for any losses that you may experience.
Therefore, before you choose one of them, give serious consideration to the other options.
Let there be no confusion about this: the MetaTrader5 is a thing, and it is beginning to receive some support from a number of brokers and traders.
Having said that, the MetaTrader4 platform continues to lead the pack as the most widely used trading platform in the business. It is on top of the vortex; more specifically, it is up there.
As a result, the fact that Equiti has decided to provide its customers with MT4 exclusively is not unexpected at all.
Bear in mind that it is actually an umbrella brand for a number of different product lines. These brands often operate their own trading platforms that are exclusively theirs.
Take a look at Equiti Capital, which is one of the brands, and the "Equiti Vault" platform that it has developed on its own.
Equiti Vault is the name of Equiti Capital's proprietary trading platform, which provides access to Tier 1 banks as well as non-banks. Traders have a significant opportunity to improve their position by taking advantage of this feature.
When it comes to the broker's proprietary trading platforms, the functions and features of the Vault are developed according to the requirements of the broker's customer.
Therefore, if you happen to know a trader who deals with Equiti and you believe that you and this trader have very similar demands, you should inquire with this trader about the performance of the Vault. If he claims that it has been successful for him, then there is a good chance that it will also be successful for you.
It is important to point out that Equiti also provides web-based trading
before moving on to the next aspect of interest because it is relevant to the
Another proprietary trading platform developed by Equiti, EQTrader is web-based rather than desktop-based. This webtrader is a very simple trading platform that is also quite user-friendly and comes with a large number of essential functions.+
Mobile trading is also available for people who are never at a standstill no matter where they are in the world. Install MT4 on your mobile device, and you'll be ready to start trading with Equiti in no time.
The trading platform has many more functions than a single trading session allows you to make advantage of.
Again, Equiti Group is a highly regulated broker in the industry. This indicates that it now bears the obligation of ensuring that all transactions are completed quickly and without complication.
A variety of payment options are utilized both for making deposits and taking withdrawals.
The following methods can be used to make deposits: wire transfers, debit and credit cards, Neteller, and Skrill. Keep in mind that there are no deposit costs associated with using Equiti. However, depending on the form of deposit you choose, you could be required to pay additional costs.
Withdrawals can be made using the same payment options as deposits. There may also be costs associated with the withdrawal process, however this is dependent on the method you select.
Additionally, a separate technique could support different currencies; therefore, you should verify the list before proceeding.
Now, Equiti wants to make sure that you are completely aware of everything you are doing at all times. Dealing in commodities is not for the faint of heart. You cannot rely on your intuition or shoot from the hip in this situation.
By providing trading instructions, seminars, and webinars, Equiti increases the likelihood of a good outcome for any trades you execute.
In addition to this, you have access to practical tools such as economic calendars and trade calculators.
In addition to that, you have access to everything from their blogs and news to their trading academy and infographics. Everything you need to know is contained inside, and all that is required of you is to learn what you need to understand.
A concise summary of the Equiti Review: Is it Any Good? If by "good" you mean that you receive high-quality services, lots of assistance from the firm, and a wide variety of trading brands from which to pick in order to find one that suits your trading preferences, then the answer is an easy "yes."
If, on the other hand, you are referring to the sort of broker who is more wallet-friendly, up to date, and representative of the current day, then there may be some misgivings. Despite this, the response is going to be a "yes."
In general, we are of the opinion that this broker is not going to be to everyone's liking. Those individuals who are looking for a service that is less complicated and more basic can consider using it.
Deposits may be made using a variety of payment methods, including wire
transfers and bank transfers, debit and credit cards, Neteller, and Skrill, with
no additional costs incurred. Each method of payment accepts a different range
of currencies, including the following examples:
Wire/Bank Transfers - USD, EUR, GBP, AED, SAR, JOD, JPY
Cards for debit and credit in USD, EUR, GBP, AED, SAR, and JOD
Neteller – USD, EUR, GBP, AED
Skrill - GBP, USD, EUR, JOD, SAR, AED
There is also variation in the processing timeframes. Wire transfers and bank transfers can take anywhere from one to three business days to complete, but using a debit or credit card, Neteller, or Skrill just takes one business day.
There is a necessary minimum deposit of either 100 AED or SAR or 30 USD or EUR or GBP or JOD.
When it comes to the processing of withdrawals, Neteller and Skrill have a waiting period of up to one business day before the customer will see the monies in their account. Depending on the card issuer, wire transfers and bank transfers can take anywhere from three to five business days, while debit and credit cards might take anywhere from five to fourteen business days.
Withdrawal minimums for debit and credit cards, Neteller, and Skrill are each set at 100 AED or SAR for the United States Dollar, thirty United Kingdom Pounds, and Jordanian Dinar, respectively.
A minimum of 25 JOD, 100 AED/ SAR, or 50 USD/ EUR/ GBP is required for wire transfers and bank transfers.
Equiti does not assess any fees for the use of credit or debit cards; nonetheless, the following costs are associated with the use of other payment providers:
Wire Transfer/Bank Transfer: 100 AED/ SAR, 30 USD/ EUR/ GBP There are no fees levied for domestic payments made within Jordan when using Wire Transfer/Bank Transfer.
Neteller and Skrill have maximum transaction fees of up to 30 USD, ranging from 1 percent of the transaction amount.
The amount of money spent on trading is determined by a number of variables including fees, spreads, and margins.
The difference between the bid rate and the asking rate for a currency pair is known as the spread for that pair. A point of interest (pip) is the smallest possible change that can occur in a currency exchange rate. For currency pairs in which the Japanese yen serves as the term currency, one pip is equal to 0.01, but for all other pairs, one pip is equal to 0.0001.
Margin refers to the amount of money that must be present in an account before a position may be opened. The current price of the base currency in relation to USD, the size (volume) of the position, and the leverage that has been applied to your trading account are all factors that go into the calculation of margin.
Commissions are the fees that a trader must pay to an investment broker in exchange for the broker's assistance in conducting transactions on the trader's behalf. The amount of commissions charged will fluctuate from one broker to the next, as well as depending on the asset that is being traded and the kind of service that is being provided by the broker.
Traders often pay lesser commissions when they work with execution-only brokers, which are defined as brokerage firms that do not provide individual clients any kind of financial advice and that allow traders full discretion over the manner in which they trade the markets.
Commission on shares will be required for trading contracts for differences (CFDs), a common type of derivative trading that is becoming increasingly popular since it lets traders to bet on the rising or falling prices of rapidly changing global financial markets.
Trades in contracts for difference (CFDs) made on other markets don't incur commission fees, but they do add a spread on top of the price of the underlying asset.
The minimum deposit necessary to open an Executive account is $500 US Dollars. Traders using this account are exempt from paying commission fees, and the costs of their trades are included into spreads starting at 1.6 pips.
The Premiere account needs a minimum deposit of 20,000 United States Dollars, and spreads start at 0.2 pip. Additionally, traders have additional freedom and trading terms with the Premiere account.
If a trader uses a swap-free account or an Islamic account, or if the trading order is maintained for more than a day, the overnight policy that Equiti employs will come into play. This charge is applicable to the position that is held, such as in the following examples:
Both deposits and withdrawals are subject to fees when using the Equiti platform; however, e-payment withdrawals may incur an additional cost of 1 percent each transaction. Traders should check with their payment providers to see if the payment provider has any additional fees that the trader will be responsible for paying.
Leverage refers to the facility that enables a trader to create a position with a considerably bigger exposure to the market in comparison to the amount of money that they first placed in order to do so. Leveraged products like this amplify a trader's potential profit, but they also raise the trader's potential loss, which is to be expected.
The level of leverage is typically stated as a ratio, such as 50:1, 100:1, or 500:1. Assuming that a trader has a trading account balance of US Dollar 1,000 and is trading ticket sizes of 500,000 USD/JPY, the trader's leverage will be equivalent to 500:1.
The Financial Conduct Authority (FCA) regulates and authorizes Equiti, and the FCA has suggested a leverage maximum of 1:50. Equiti, on the other hand, provides its traders with access to leverage amounts of up to 1:500 on foreign exchange and precious metals, 1:200 on CFDs, and 1:20 for equity trading.
It is possible for traders to be qualified for larger amounts of leverage depending on the Equiti firm with which they do business, as well as on the restrictions of the FCA or those of the MENA areas under which they create their accounts.
Traders have a responsibility to recognize that increased degrees of leverage come with increased levels of both gain and loss, in equal and varied proportions.
It is common practice for forex brokers to entice new traders with promises of enticing deposit incentives. This could be helpful, but it is very necessary to determine what a legitimate bonus is.
A bonus of this kind is just a method of compensating traders for selecting a certain broker, given that if an account is established, the trader will be subject to the same costs as any other participant in the market.
Once the trader has demonstrated that he is an active trader, he will be eligible to get the bonus, which is just a reward for the trader's decision that will reimburse part of the trader's costs.
In addition, the European Securities and Markets Authority (ESMA) has imposed investor protection requirements on the promotion, distribution, or sale of CFDs to retail clients as of August 1, 2018. These regulations have been in effect since that day.
These ban brokers from providing the retail customer with a payment, monetary or excluding non-monetary advantage in relation to the marketing, distribution, or sale of a CFD, other than the profits that were realized on any CFD that was offered. This can happen either directly or indirectly.
This indicates that a Deposit Bonus is not presently available for use with retail customers at this time.
When you sign up for an account with Equiti, you won't receive any benefits.
Trading Environments, Applications, and the Functions They Offer
The platform is the name given to the forex trading software that is made available to the customers of a broker firm and is utilized by those customers in the execution of their transactions.
When referring to a platform, the term "multi-asset" refers to the fact that it enables customers to trade not only foreign exchange but also other asset classes, such as contracts for difference (CFDs) on stocks, stock indices, precious metals, and cryptocurrencies. A platform may also be multi-lingual.
What a customer wants to trade will play a significant role in determining which trading platform they should go with; thus, this factor will also be one of the factors they use to select a broker.
Traders who open accounts with Equiti have the option of utilizing either the widely used MetaTrader4 or Equiti's very own proprietary trading platform, EQTrader.
MetaTrader4 not only enables traders to trade on a variety of platforms, including mobile devices and desktop computers, but it also ensures that traders have access at all hours of the day and from any location in the globe.
Some of the characteristics of MetaTrader4 are as follows:
Several different types of financial instruments that are up for business.
trade that is accessible on several devices and platforms simultaneously
Making decisions based on the structured data that is accessible in the charting package in conjunction with the technical indications
Tools for research and analysis are at your disposal.
Not only does EQTrader allow traders quick online access to their trading account without the requirement of any downloads, but it also grants traders the ability to access their accounts on any device at any time and from any location in the globe.
The following are some of EQTrader's features:
Access to worldwide markets combined with the ability to trade in different asset classes through the utilization of an interface that is very user-friendly and can be customized to the user's specific preferences
Access to online trading does not call for any downloads or installations and may be gained through the majority of security systems.
Access to a wide array of in-built sketching tools, shapes, and technical indications
Traders also have the option to store analyzed charts in picture format on any device of their choosing.
When using this trading platform, the value of the deal as well as the required margin is presented immediately on the trading panel, where it can be examined before a trade is placed.
The majority of brokers make available for trading all of the following types of market instruments, or at least some of them:
Trading on the foreign exchange market, also known as currency trading or FX trading, is an activity that takes place on the currency exchange market. This market is comprised of people, organizations, and financial institutions who trade currencies for one another at varying exchange rates.
The commodities markets, just like the currency exchange markets, provide traders with a variety of chances for making investments. During periods of inflation or economic unpredictability, one tried-and-true method for mitigating risk is to make investments in contract-based, tradable products.
Equities, also known as stock indices, are genuine indexes of the stock market that are used to quantify the worth of a certain sector of a stock exchange. Either a particular stock market or a particular group of the greatest firms in a country can be represented by these symbols. Alternatively, they can be used to represent both.
Hard commodities are traded things that are dependent on contracts, and the trading of gold and other precious metals entails the trading of these commodities.
The high degree of price fluctuation that is typical of this product as a result of political and environmental factors, supply and demand, extreme weather conditions, and the expansion of economies around the world is one of the reasons why trading in this product is another one of the most popular options.
Equiti facilitates trading in a variety of financial products, including foreign exchange (Forex), precious metals, indices, commodities, United Kingdom shares, United States shares, and European Union shares.
A prospective trader needs to determine, as one of the very first things they must do, whether or not a broker such as Equiti is secure to trade with. To determine which regulatory agencies are acting as watchdogs over the activities of a brokerage is one of the most reliable benchmarks for measuring the safety of a brokerage.
The Equiti Group conducts its business through a number of offices, each of which is in possession of the appropriate license and is governed in accordance with a variety of rules.
The Financial Conduct Authority (FCA), widely regarded as one of the most stringent and demanding authorizing and regulating agencies, is the body that has granted Equiti authorization and regulation.
In order to comply with FCA regulations, Equiti, like with all other brokerages, must maintain net tangible assets equaling at least 730 000 EUR in total value.
It is against corporate policy for the business to use monies belonging to customers for any operational objectives while these funds are held in separate accounts. Additionally, Equiti is required to conform to a set of rules and processes, and it is required to provide mandatory frequent reporting on trades to the commission.
Equiti is also covered by the Financial Services Compensation Scheme (FSCS), which ensures that customers are safeguarded in the event that the firm goes bankrupt and that they can get compensation of up to £50,000 per individual.
Potential traders need to be able to have confidence that the broker firm they choose will be able to provide them with the essential assistance and aid anytime they may want it.
Customers may contact Equiti for assistance in a number of different ways, including via phone, email, live chat, or by filling out an online enquiry form.
Before beginning to engage in speculative trading, prospective traders should always undertake as much study on the topic as they possibly can.
Because trading with self-assurance and achieving financial success is highly dependent on having knowledge and an understanding of the markets, the research options provided by brokers are an essential component of the features that should be considered when selecting the right company to trade with.
Although Equiti does not give a large number of research tools, it does feature trading calculators (including Forex, Pip Value, and Margin), as well as an economic calculator.
Before beginning to trade, those who are considering becoming clients of Equiti should make it a priority to acquire all of the knowledge and expertise in trading that is required to be successful in the field of FX and commodities trading.
A trader should look into other helpful websites and methods to get the necessary expertise if the Equiti website does not supply enough of the relevant resources on its own.
On its website, Equiti features a section called Academy that is dedicated to various instructional resources. It gives novice traders access to a number of tools that might assist them in developing their expertise and knowledge. The following services are provided by Equiti:
Trading guidelines - which cover a number of themes such as what Forex is, how to trade it, rollover, etc. Trading guides cover a variety of subjects.
Webinars, which are not only all-encompassing but also ongoing programs that feature online instructional presenters, are examples.
Seminars for enhancing education
Videos covering a wide range of subjects
Equiti is designed to accommodate both novice and experienced traders, and it provides trading circumstances that are not only extremely appealing but also appropriate for a wide variety of traders based on the level of their expertise, knowledge, and previous experience.
In addition to providing cheap spreads and the ability to trade in a wide range of instruments, it also provides competitive commission rates and, all in all, a clear pricing mechanism.
The information and products offered by Equiti are supplied solely for educational reasons, and traders assume full responsibility and liability for any and all investment choices made on their behalf.
Forex and CFD trading instruments that use margin can result in losses that can go beyond the amount that was initially deposited because they are leveraged products.
Traders have an obligation to recognize and comprehend the risks that are associated with their activities, and they must take measures to ensure that they successfully manage their risk exposure. This is necessary given that trading in financial instruments might not be appropriate for all traders.
Equiti does not offer investment advice to its clients, although traders are free to seek counsel from third-party independent or professional advisers if they feel the need to do so.
Equiti Group is a global broker that allows trading in a variety of financial
markets including FX, shares, indices, and commodities. Desktop platforms and
mobile applications that have won awards, like as MetaTrader 4 (MT4) and
MetaTrader 5 (MT5), are made available to customers. In this analysis, we cover
a variety of topics, including their trading costs, leverage, sample account,
Find out whether it is worthwhile to sign up for a trading account with Equiti now.
The organization has locations all around the world in order to satisfy the various regulatory requirements and customer requirements. The Jordan Securities Commission oversees Equiti Group Limited Jordan, whilst the Financial Conduct Authority authorizes Equiti Capital UK Limited to conduct business in the United Kingdom.
The Dubai Multi Commodities Centre is in charge of policing EGM Futures in the United Arab Emirates.
The firm has offices all over the world, from London to Florida, and employs a total of three hundred people.
Equiti provides a web-based version of their own trading platform, known as Equiti EQ Trader, in addition to a downloadable version of MetaQuotes's trading platform, known as MetaTrader 4 (MT4).
MT4 has established itself as the industry standard for trading foreign exchange and contracts for difference (CFDs). It offers a trading environment that is user-friendly for both novice and seasoned investors. In addition to access to extensive trade histories, clients receive thirty innovative charting tools, fifty technical indicators, nine different timeframes, and automated trading capabilities provided by Expert Advisors (EAs).
In 2022, the Equiti Group also offered MetaTrader 5 as an option for more experienced traders. The terminal supports a wide variety of customization options, close to 40 different technical indicators, an unlimited number of chart types, and both instant and pending order types.
Veteran traders who are interested in conducting in-depth technical analysis and employing automated trading systems will find that the MT5 terminal is a good addition and will fulfill their demands. Downloading the platform is free, and it may also be accessed through web browsers.
Since Equiti EQ Trader is a web-based trading platform, there is no need to download anything. There are six different styles of charting accessible, in addition to nine different periods, 25 different analysis tools, 48 different indicators, and a construction wizard for bespoke indicators. The site enables trading in foreign exchange (FX), commodities, equities, indices, and precious metals, and it is accessible in six different time zones. A favorite feature is also included. The Webtrader platform also includes the typical risk management features, such as stop losses and take gains, as part of its functionality.
There are almost 170 different tradeable instruments available, including shares from 115 different firms that trade on the markets of the United Kingdom, the European Union, and the United States combined. There are also over 60 different currency pairings, eight different commodities, including energy and precious metals, and fifteen different global stock indexes.
Despite having a great selection of products, the inclusion of cryptocurrency would be quite desirable.
Spreads offered by Equiti are among the most cheap in the industry, particularly for the Premiere account, which offers spreads beginning at 0.2 pips for key currency pairings. The spreads for the Executive account are normally between 1.6 and 2 pips for the same pairings as the standard account.
Equiti does, in fact, levy commissions on trades; however, this practice is limited to Premiere accounts only. Commissions on currency pairs are levied at a rate of $70 per $1 million, while those on precious metals are payable at a rate of $7 per standard lot. There are no commissions charged for any other instruments.
After 20:45 (GMT), a rollover fee is applied to any positions that have been held. These swaps are not fixed; rather, they shift according to the instrument and the market. Accounts that have been dormant for more than one hundred eighty days are subject to a monthly fee.
Equiti uses a fixed leverage mechanism, and the greatest degree of leverage that is allowed for major and minor currency pairings is 1:500. Exotic currency pairings have access to leverage rates that are one-tenth those of other currency pairs. Shares also have leverage rates that are further decreased, with rates on US shares reaching up to 1:20 and rates on UK and EU shares reaching up to 1:10.
Trading on the fly has never been easier than with the Equiti mobile app. The mobile application is compatible with devices running iOS and Android and offers nearly all of the functionalities that are available in the desktop version, but with fewer possibilities for customization and fewer tools for statistical analysis. One-touch trading, market alerts, and real-time market news are some of the features available. Your credentials for logging in on the desktop version should also work on the mobile app.
Payment cards, bank wire transfers, Neteller, and Skrill are the many methods that may be used to fund accounts. Processing times for other payment options are one day, while bank transfers can take anywhere from one to three business days. However, the other deposit modes have a minimum limit of $30. Wire transfers do not have a minimum deposit requirement. However, it is important to note that the initial investment must be at least $500 in order to proceed. There are no additional costs associated with deposits.
Withdrawals can be made using any of the aforementioned ways; however, fees are applied to all withdrawal alternatives other than payment cards. Withdrawals made using Neteller and Skrill are handled within one working day, however withdrawals made using wire transfers can take between three and five days, and withdrawals made using payment cards can take between five and 14 working days.
A demo account is available to new customers of Equiti so that they may become familiar with foreign exchange trading, the broker, and the trading platforms. Accounts are funded with simulated money that is utilized in a real-time market. As a result, there is no danger to personal cash, and users are free to investigate various trading strategies and experiment with various charting and analytical methods.
At the time that this article was written, the Equiti Group did not provide any welcome incentives or other types of promotions to its customers. Before you open an account with the broker, you should verify the broker's website just in case this information is revised.
The Jordan Securities Commission (JSC) has granted Equiti Group Ltd. permission to operate across the MENA region and issued it with a license to carry out trading activities there. Equiti Capital UK Ltd. has been granted permission to operate inside the European Economic Area and possesses a license issued by the Financial Conduct Authority (FCA) of the United Kingdom (EEA). The Dubai Multi Commodities Centre (DMCC) has granted EGM Futures DMCC a license, and the Securities and Commodities Authority is in charge of regulating the company (SCA). The Capital Markets Authority (CMA) of Kenya has granted EGM Securities Ltd. a license to operate as a service provider throughout Africa. In conclusion, the Central Bank of Armenia has issued a license to the Equiti AM CJSC.
Overall, Equiti is a legal broker, and clients will have a complaints avenue in their jurisdiction should there be a problem with the service they receive from the company.
The client site only provides access to a restricted number of extra tools, according to the feedback left by previous customers. Customers from the UK and the EEA have access to a useful commission calculator, an inexpensive calendar, and a FIX API, but they do not have access to the comprehensive training instructions and tutorials that are offered by many brokers. As a consequence of this, newcomers who are seeking for further help could end up being disappointed.
There are two sorts of accounts available to choose from:
Executive: Typical forex spread 1.6 pips MT4 with Equiti EQ Trader Minimum deposit $500 USD, EUR, GBP & AED
No commission ECN model Micro lots
The standard forex spread is 0.2 points, and metals and forex commissions are as follows:
Minimum deposit $20,000
MT4 with Equiti EQ Trader Available for Trading in USD, EUR, GBP, and AED
ECN model Micro lots
When you sign up for an account with Equiti, you get access to a number of perks, including the following:
Slim margins for error
To a high degree governed
Trading platforms MT4 and MT5 available on powerful mobile apps
Multilingual customer support team
The broker has room for advancement in a few different areas:
There are no educational materials.
The foreign exchange market is open all day, every day of the week, round the clock. The trading hours for metals are the same as those for other commodities, with the exception of a break that occurs between the hours of 21:00 and 22:00 GMT during British summer time and between 22:00 and 23:00 GMT during daylight saving time. On the website, users may access a comprehensive calendar that details holidays as well as irregular market periods for various assets.
The Equiti customer support service is available 24 hours a day, seven days a week via:
Live chat is an interactive online chat service that may be accessed in the lower right-hand corner of the page.
The telephone number for your region may be found on the "Contact Us" tab of the broker's website.
Email – email@example.com
The staff is knowledgeable, kind, and willing to serve you in a variety of languages.
The website employs SSL encryption technology, and personal data is stored in cloud facilities that are encrypted and safe. User money are likewise kept separate from the cash held by the firm, and the corporation offers client fund insurance of up to one million dollars per customer.
Equiti is recognized as a front-runner among other worldwide FX and CFD brokers. They are an excellent all-rounder since they provide help in several languages, the MT4 trading platform, and a mobile app. We would want to see bitcoin trading introduced to the site, as well as extra training tools for novice users. This would allow us to make future improvements.
Equiti welcomes traders from the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and the majority of other countries as well as Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, and most other countries around the world.
Traders based in the United States are unable to utilize Equiti.
Equiti Group limited Jordan is licensed by the Jordanian Securities Commission and has the registration number 18/00240/1/3.
Divisa UK Limited is licensed by the Financial Conduct Authority (UK), and its registration number is 528328.
EGM Futures is approved by the Dubai Multi Commodities Centre and has the registration number 31573.
EGM Futures is approved by the Securities and Commodities Authority of Dubai (registration number. 607136).
Equiti Group Ltd is the parent firm of a number of FX and CFD companies and prime brokerage providers that are widely regarded as among the most innovative in the business. Equiti gives its customers access to individual, corporate, and institutional brokerage services throughout its many affiliates and subsidiaries. The company has more than 150 employees located across the world, and its customer care is available 24 hours a day, seven days a week.
The collection of enterprises that provide corporate and institutional services all over the world through decentralized worldwide offices use the brand name Equiti. Equiti is a global brand. Offices are kept open in Amman (see more about forex trading in UAE here), Dubai (read more about forex trading in Nairobi here), London, Auckland, Miami, and Yerevan; the firm goes by the brand name Equiti in all of these locations.
What kind of broker does Equity represent? The mission of the company is to make trading simple, risk-free, and fruitful for its customers. This will be accomplished by implementing cutting-edge technologies such as NDD and bridged ECN execution technology, employing qualified educators, maintaining complete transparency, and providing superior customer service.
Equity is a trustworthy broker that has solid regulation and a proposal with NDD execution, in addition to offering a variety of account kinds, low spreads, and fees.
On the other side, the trading conditions may change according to the regulations of the company, there is no help available around the clock, and the initial deposit required is fairly steep.
Equiti is a trustworthy broker that is regulated by CySEC and is regarded as a low-risk broker for forex and CFDs trading.
Is Equity legit? The Equiti Group conducts its business through a network of established offices that are governed and organized in accordance with a variety of rules and are in possession of the appropriate permits. It indicates that the broker's operation completely complies with all of the recommended safe practices and operating procedures.
Through its Equity limited Jordan subsidiary, the company primarily serves the Middle Eastern market. Equity limited Jordan is a registered trade name in that country. The United Arab Emirates and the United Kingdom's Financial Conduct Authority have both approved registration for new corporations in their respective countries.
In general, the amount of laws that establish a dependable environment for investors or traders is mandated by a variety of regulatory bodies and other authorities. Your money will be protected and kept secure in line with client money regulations, which safeguards your assets and assures its safekeeping along with participation in compensations in the event that Equiti Group becomes insolvent. This service is available to all individual clients of Equiti Group.
Equiti's providing of leverage of up to 1:500 paves the possibility for users to employ larger trading sizes in comparison to their original balances, which enhances their potential. However, the maximum leverage might vary based on which Equiti entity you choose to trade with.
Means that if your trading account is opened under the UK FCA regulation, the maximum leverage that is allowed is set to a 1:30 for Forex instruments, whereas regulations in MENA regions still allow floating higher levels of leverage. If your trading account is opened under the UK FCA regulation, the maximum leverage that is allowed is set to a 1:30 for Forex instruments.
In addition, while selecting your leverage, you should always do so carefully and give due consideration to any required risks, given that high leverage can also considerably work against you.
Equiti provides two different account kinds, regardless of whether the trader is new to the market or an experienced one. At the very beginning, you will have the opportunity to sign up within a matter of minutes for a Demo account, sometimes referred to as a practice account. With this account, you will be able to test out the trading conditions and observe the Equiti trading environment.
Executive Account is designed for intermediate traders and provides them with a variety of investment options through market execution with an average spread starting at 1.6 pips. There are no commission fees associated with trading with this account; instead, all expenses are covered by a spread, and the minimum deposit required is $500.
Equal possibilities and the flexibility to trade at a professional level are made possible by the Premiere Account. Despite the fact that the account offers more reasonable trading conditions and a wide range of services, a minimum balance of 20,000 dollars is required, and the average FX spread is 0.4 pips, and the commission is 70 USD for every million dollars that is exchanged.
Due to the fact that the organization is situated in the Arab world, merchants who demand certain conditions are welcomed as well. Those who adhere to the Sharia can open swap-free or Islamic accounts, which are functionally equivalent.
There are two main fee conditions at Equiti, and they depend on the sort of account you have and the type of trader you are. Therefore, the initial Executive account will just provide a spread basis, but the Premiere account will have built-in commission costs.
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In addition, you need to take into consideration an overnight policy, which is a set of rules that come into play in the event that the trading order is kept for more than one day, or in the event that you do not trade through a swap-free account.
A basic pricing model that does not include any extra markups, incentives, or fees is supplied through the market execution, and the trading expenses are presented in the form of variable spread providing. View the following table for a comparison, which also includes the fees charged by FP Markets, an additional well-known broker.
Several different currency pairings or instruments, each establishing a particular set of charge terms or conditions, are made available through the trading platform. In this section, for the sake of our reference, we examine the fees and spreads offered by Equiti, as well as other market offerings.
Therefore, the breadth of liquidity providers who operate NDD execution comprises the top banks in the world, each of which provides extensive product and service offerings across asset classes. Which covers Foreign Exchange and Contracts for Difference, different Partnerships, and Precious Metals.
When trading on a CFD basis, the majority of popular commutations and worldwide indices, together with shares for over 155 prominent businesses, are available, therefore it is important to educate yourself on the dangers associated with trading as well as how to trade the instruments.
The methods for making deposits and withdrawals, also known as simply how money may be sent to and received from the trading account, are another significant point to highlight in this evaluation of Equiti. While the rules and regulations that apply in each nation are bound to be different, all business dealings and requests may be viewed and completed through the online account field.
There are a variety of handy payment methods that may be used to fund an account, such as e-payments made through Neteller or Skrill, bank wire transfers, and card payments. Other payment choices include wire transfers from your bank.
What is the lowest amount that may be deposited into Equiti? Equiti minimum deposit is 500$ for first grade account. When compared to the requirements of other CFD brokers, the minimum deposit for a professional account is a significant 20,000 dollars.
In addition, there are minimums imposed to e-payment providers such as Neteller and Skrill, which demand that you transfer a minimum of fifty dollars at any given time.
Equiti covers all payments fees, which means there are no any charges on deposits or withdrawals waived to you. However, e-payment withdrawals may cost 1 percent per transaction. Although the process of making a deposit or withdrawing funds from or to an account is generally a straightforward process that takes a little bit of time, Equiti covers all payments fees means there are no any charges on deposits or withdrawals.
Traders from a variety of locations are obligated to ascertain if a certain form of payment or another is available to them, both in terms of their capacity to make the payment and in terms of the expenses that are associated with it.
Equity offers MetaTrader4, the platform that is most popular among traders, in addition to offering a web-based version of WebTrader called EQTrader, which enables fast online access to the trading platform.
The desktop platform, which comes with all of the features and tools that are available, is the primary version. MetaTrader4, which offers multi-asset trading flexibility combined with an advanced charting package and enhancement of more than 30 technical indicators, together with extremely strong trading tools, is not a choice that should come as a surprise coming from the broker.
You have the ability to optimize and implement a variety of trading strategies, as well as to automate your trading, by selecting from among the sophisticated MT4 expert advisors. In order to accomplish this, the trader should just pick from the variety of tools offered in a marketplace and create their very own MT4 interface; this kind of trading is one of the most effective ways to conduct business.
In addition, the equity broker offers free research tools, which include informative technical analysis reports and powerful pattern recognition tools that elevate trading to a new level. These resources are accessible to all clients and are included in all accounts.
On the other hand, if you would rather have a platform that is easy to access directly from your browser and has simple features, the Web Platform is available for your selection.
Mobile trading is, of course, available as well, and the Equiti mobile app is really quite well designed and simple to use from any device, making it possible to remain up to date while on the move.
Customer Support for Equiti is offered in a number of different languages spoken across the world and is accessible 24 hours a day, six days a week. You may contact customer service by live chat or by calling them on the phone lines; nevertheless, we discovered that customer service was really prompt and helpful.
The training resources that have been merged into the Equiti project's Academy. The Academy brings together a variety of learning materials including video, webinars, manuals, seminars, and a great deal of other analytically required data.
In addition, there is a newsroom available online where you can get all of the most recent updates and news stories. These are quite helpful for day-to-day trading as well as your updates.
In general, Equity review is about a broker that provides an international offering to trade a variety of instruments via the use of the market execution, a clear pricing mechanism, and various customer support. The fact that the broker maintains its presence on the industry-leading MT4 platform is beneficial to all types of traders, from novices to seasoned professionals alike. Additionally, given its concentration on the MENA area, there are some excellent chances with swap-free accounts and individualized solutions.
Sites like Equiti in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.