EQUITRADE

1. What is EQUITRADE？

EQUITRADE is a United Kingdom-based forex broker that was established in 2018. It is important to note that while EQUITRADE is registered with the UK's Companies House, the Financial Conduct Authority (FCA), which is the UK's financial regulator, does not show Equitrade as being authorized for all regulated activities.Note that registration is mandatory to access its website (https://eqtrade.net/auth.php).

1. Regulatory Status

EQUITRADE's information on the FCA register indicates they hold an Investment Advisory License (no. 441877) but the license status is “Exceeded.” This means their authorization for investment advice might be expired, revoked, or have limitations.It's crucial to confirm the current status and specific activities allowed under this license before using their services.

1. Pros & Cons

Pros:

• Phone and Social Media Customer Support: Equitrade offers customer support through two channels: phone and social media (Twitter). This allows users to reach out for assistance with any questions or issues they encounter.

Cons:

• Unclear FCA Regulatory Status (License Status “Exceeded”) : This is a significant concern. EQUITRADE's license status being “Exceeded” suggests potential limitations or issues with their authorization. This could mean their license has expired, been revoked, or has restrictions on the activities they can perform. It's crucial to confirm the current status and specific activities allowed under this license before using their services.

• Limited Information Available Publicly (Website Requires Registration) : EQUITRADE requires registration on their website to access essential information such as minimum deposit requirements, maximum leverage, tradable assets, and account types. This lack of transparency makes it challenging for potential clients to evaluate if Equitrade meets their trading needs and risk tolerance.

1. Customer Service

EQUITRADE provides customer support through three primary channels. Customers can reach EQUITRADE's support team by calling +44 20 3287 2095. EQUITRADE maintains active social media presence on both Twitter (https://twitter.com/rauitrades？lang=en) and Facebook.

1. Conclusion

Equitrade, a UK-based forex broker established in 2018, offers phone and social media customer support. However, a major drawback is their unclear regulatory status (FCA license “Exceeded”) and limited publicly available information (website requires registration).This lack of transparency makes it difficult to assess key factors like minimum deposit, leverage, and tradable assets. Consider these disadvantages carefully before exploring Equitrade's customer support.

1. Frequently Asked Questions (FAQs)

Question: Is Equitrade a safe and reputable forex broker？

2. Answer: Equitrade's regulatory status raises some concerns. While they hold an Investment Advisory License from the FCA (UK regulator), the license status is “Exceeded.”

Question: Can I learn more about Equitrade's trading conditions before registering？

3. Answer: Unfortunately, crucial details about trading conditions like minimum deposit, spreads, and maximum leverage are not accessible without registering on their website.