About Equity Trade
Company Overview
Equity Trade is a financial services firm registered in the United Kingdom as of March 16, 2022. Its registered address is Kemp House, 160 City Road, London, EC1V 2NX, a common virtual office location. The company operates the website equitytrade.cc, but public information about its specific activities is very limited.
According to industry registry data, Equity Trade does not hold any financial regulatory licence from the UK’s Financial Conduct Authority (FCA) or any other recognised regulator. This absence of oversight is a significant factor for potential clients to consider. The firm’s registration as a corporate entity does not imply permission to offer regulated financial services.
Account Types and Minimum Deposits
Equity Trade offers six account tiers, labelled PLAN 1 through PLAN 6, with minimum deposit requirements ranging from $50 to $10,500. The plans are structured as follows: PLAN 1 ($50), PLAN 2 ($500), PLAN 3 ($1,500), PLAN 4 ($5,000), PLAN 5 ($8,000), and PLAN 6 ($10,500). Notably, no maximum leverage is specified for any plan.
The account structure suggests a tiered access model, but without details on leverage or trading conditions, it is unclear what differentiates each plan. The high minimum deposit for the top-tier plan is notable, especially for an unregulated entity. Potential clients should seek clarity on what services or benefits each plan provides.
Regulatory Status
Our review confirms that Equity Trade is not listed as a regulated financial services provider by the UK’s Financial Conduct Authority (FCA) or any other major regulatory body. Unregulated status means that there is no independent oversight of the firm’s operations, client fund segregation, or complaint handling procedures.
This regulatory gap exposes clients to higher risk, as there is no recourse to a compensation scheme or ombudsman in case of disputes. Traders are strongly advised to verify the legitimacy of any investment firm before committing funds.
Transparency and Public Information
Public information about Equity Trade is extremely scarce. There are no independent user reviews, press releases, or detailed descriptions of trading platforms or instruments offered. The official website content was not accessible in this assessment, so it is unknown whether the firm provides typical retail forex/CFD trading services or operates under a different model.
The lack of transparency is a red flag. Established brokers typically disclose their regulatory credentials, trading conditions, and corporate history prominently. The absence of such information makes it difficult to assess the firm’s reliability and reputation.
Risk Assessment and Recommendations
Based on the known facts, Equity Trade presents a guarded risk profile, reflected in FXCanary’s Scam Risk Score of 49/100. The combination of no regulation, high minimum deposit tiers, and limited public information suggests that caution is warranted.
Potential clients should conduct extensive due diligence before engaging with this firm. It is advisable to only deal with brokers that are fully licensed by reputable regulatory authorities and that offer clear, verifiable operational histories.
Overview compiled by FXCanary from regulatory records and public data. full Equity Trade review