Brokers  /  Equitros

Equitros

High riskForex / CFD broker
🇬🇧 United Kingdom · < 1 year · since 2025-09-04 · Covenance Limited
Unregulated
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Independent ratingshow third parties score this broker
WikiFX1.19/10
Trustpilot/5
Forex Peace Army/5
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No sign that Equitros actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
59
High risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Recently established — about 10 months old
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age9215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameCovenance Limited
Headquarters🇬🇧 United Kingdom
Founded2025-09-04
Years operating< 1 year
Employees0
Official websiteequitros-staging.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 1

AccountMax leverageMin. depositMin. spreadCommissionEA
Individual1:200------

Review analysis AI

Equitros is an unregulated retail forex broker founded in September 2025 with limited publicly available information. The absence of regulatory oversight and a sparse operational history contribute to an elevated scam risk score. Traders should exercise caution and consider the high risk associated with depositing funds with this broker.

Best for
  • Traders willing to accept high risk for high leverage
  • Speculative traders comfortable with unregulated environments
Not for
  • Risk-averse traders seeking regulatory protection
  • Long-term investors or those requiring fund segregation
  • Traders needing transparent fee and instrument disclosure
Period:

Real user reviews

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About Equitros

Company Overview

Equitros is a retail forex brokerage that was incorporated in the United Kingdom on 4 September 2025, making it a very recently established entity in the online trading space. The firm operates through its official website at client.equitros.io, which serves as its client portal. Based on publicly available information, Equitros targets individual traders seeking leveraged exposure to foreign exchange markets.

As a new market entrant, Equitros has not yet built a substantial track record or public profile. The absence of independent reviews and limited operational history means that traders have little external information to gauge the broker's reliability or service quality. This lack of visibility is a notable characteristic for a firm that aspires to handle client funds.

Regulation and Safety

Our research indicates that Equitros does not hold any known regulatory licences from recognised financial authorities. The company is registered in the United Kingdom, but registration with Companies House does not equate to authorisation by the Financial Conduct Authority (FCA). The absence of regulatory oversight means that client deposits are not protected by any compensation scheme, nor are there mandatory requirements for segregation of client funds or regular auditing.

The elevated scam risk score of 59 out of 100 assigned by FXCanary reflects this regulatory vacuum. Traders considering Equitros should be aware that operating without a licence exposes them to heightened risks, including the potential for misappropriation of funds or sudden business closure. There is no recourse to an ombudsman or regulatory body in the event of a dispute.

Account Types

According to the limited information available, Equitros offers a single account tier categorised as 'Individual'. The minimum deposit requirement for this account is not specified, which may indicate a flexible entry point or a lack of transparency. The maximum leverage provided is 1:200, a common ratio in the retail forex industry that allows traders to control positions significantly larger than their initial capital.

Leverage of this magnitude amplifies both potential profits and losses, making the account suitable only for traders who fully understand the associated risks. Without additional account tiers, such as Islamic or professional accounts, the broker's offering appears straightforward but limited. Traders should note that the absence of minimum deposit information could be a red flag for budgeting and risk management.

Trading Instruments

The known facts do not specify which instruments Equitros offers beyond the general category of forex and CFDs. The website does not appear to list specific currency pairs, indices, commodities, or cryptocurrencies available for trading. This lack of detail makes it difficult for traders to assess whether the broker meets their asset class preferences.

Typically, a retail forex broker would provide at least major and minor currency pairs. Without concrete information, traders should treat the instrument range as unconfirmed. It is possible that the broker only offers forex or a narrow selection of CFDs, which may not satisfy traders seeking diversification across multiple markets.

Target Audience

Equitros appears to target individual retail traders who are looking for leveraged forex trading with a straightforward account setup. The single account type and absence of complex pricing tiers suggest the broker is aiming at beginners or casual traders rather than high-volume professionals. The maximum leverage of 1:200 is attractive to those with limited capital who seek to amplify their market exposure.

However, the unregulated status and new market presence make Equitros a high-risk choice for any trader. Experienced traders typically seek brokers with strong regulatory credentials, while novices may be drawn by the leverage but lack awareness of the dangers. The broker's target demographic may inadvertently include vulnerable users if due diligence is not performed.

Risk Considerations

The combination of no regulatory oversight, a very recent founding date, and a lack of public information places Equitros in a high-risk category. The FXCanary scam risk score of 59/100 (Elevated) reflects these concerns. Traders should be aware that unregulated brokers have no obligation to follow standard industry practices regarding fund segregation, fair trading execution, or transparent pricing.

In the absence of verifiable information, we caution traders to approach Equitros with extreme due diligence. It is advisable to verify any claims made by the broker directly, seek independent reviews once available, and consider alternative brokers that offer a proven track record and robust regulatory protection. The current information deficit itself serves as a warning signal.

Overview compiled by FXCanary from regulatory records and public data. full Equitros review