EQUITRADE

EQUITRADE is a forex broker established in the United Kingdom on 19 November 2018. The company is registered at Kemp House 152-160 City Road, London EC1V 2NX. While it is incorporated with Companies House, its regulatory status with the Financial Conduct Authority (FCA) is limited: the FCA does not show Equitrade as authorized for all regulated activities. The broker requires visitors to register before accessing its website at https://eqtrade.net/auth.php, which restricts public visibility of its full offering. As a result, independent public information about Equitrade’s operations is sparse.

FXCanary’s research indicates that the broker appears to target retail forex and CFD traders, but the lack of transparent, publicly available details raises caution. Our Scam Risk Score of 41/100 (Guarded) reflects the need for due diligence. Traders should be aware that the absence of clear regulatory authorization and the mandatory registration gate are significant red flags.

EQUITRADE holds an FCA Forex Execution License (STP) on file, but the status is listed as '—', meaning incomplete or not fully verified. The FCA public register does not show Equitrade as authorized for all regulated activities, which is a critical concern. The firm’s registered address is a common business centre, which is not atypical but adds to the opacity.

In the UK, a company registration (Companies House) is not equivalent to financial regulatory authorization. The FCA is the primary regulator for forex brokers, and a lack of clear FCA permissions for client money handling, safeguarding, and trading activities should be a deal-breaker for cautious traders. We strongly advise verifying any license directly with the FCA before committing funds.

Due to the restricted website, EQUITRADE does not publicly disclose its account types, spreads, commissions, or minimum deposit requirements. The broker’s own marketing materials are not accessible without registration, which is unusual for a regulated broker. This lack of transparency makes it impossible to evaluate trading conditions or compare them with industry standards.

Based on the limited known facts, no specific account tiers or platforms (such as MetaTrader 4/5) are confirmed. Traders should consider this a major obstacle: reputable brokers typically provide clear, public information about account options and costs. Without such data, assessing whether the broker meets your trading needs is not feasible.

No information is available about trading platforms offered by EQUITRADE. Industry-standard platforms like MetaTrader 4 or 5 are not mentioned in any known records. Similarly, the range of tradable instruments—forex pairs, indices, commodities, or cryptocurrencies—is undisclosed.

This information vacuum is concerning. Brokers that restrict access to their website often have limited product offerings or may not operate a standard trading environment. We recommend seeking a broker with full public disclosure of its platforms and instrument list to ensure suitability.

EQUITRADE’s funding and withdrawal methods are not publicly known. There is no mention of bank transfers, credit/debit cards, e-wallets, or minimum deposit thresholds. Cash management and client fund segregation practices are also not disclosed.

Given the regulatory ambiguity, clients may face difficulties in withdrawing funds or may not benefit from FCA client money protection. Reputable FCA-regulated brokers must adhere to strict client money rules, but without confirmation of Equitrade’s compliance, the safety of deposited funds is uncertain.

Details about customer support channels for EQUITRADE are not available. The broker has a presence on Facebook and Twitter/X, but the responsiveness and quality of support remain untested. There is no listed phone number, email, or live chat on the public-facing site.

Effective customer support is vital for resolving issues, especially for traders new to forex. The lack of transparent contact information adds to the risk profile. Without reliable support, traders may be left without assistance during critical moments.

EQUITRADE carries significant risk due to its unverified regulatory status and lack of public transparency. Our Scam Risk Score of 41/100 indicates a guarded outlook. The broker is not suitable for conservative or novice traders who require a fully regulated environment with clear disclosure.

The mandatory registration gate is a particular concern, as it prevents independent review of the broker’s terms and conditions. Traders should exercise extreme caution and likely consider alternatives that offer full public information and proper FCA authorization. FXCanary recommends verifying any broker’s license directly and avoiding those that restrict access to essential details.