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Regulated by the National Bank of Hungary, providing a level of security for clients.

Access to a wide range of trading instruments, including over 170 currency pairs and 200 CFDs on stocks and indices.

Transparent fee structure with fixed spreads, allowing traders to know their costs in advance.

High trading fees for forex pairs compared to other brokers, which may deter cost-conscious traders.

Lack of automated trading options and absence of popular platforms like MetaTrader, limiting trading strategies.

Customer support is not available 24/7, which may be inconvenient for traders in different time zones.

EQUILOR broker Accounts

Equilor Trader Account Types

Equilor Trader offers two main account types for its clients:

Standard Account: This account type allows traders to access a wide range of financial instruments, including over 170 currency pairs and more than 200 CFDs on stocks and indices. The minimum deposit required to open a Standard Account is HUF 12,000 (approximately $33). Traders can benefit from fixed spreads, with typical spreads for EUR/USD ranging from 1.8 to 2.3 pips.
E-Optimum Account: This account provides online access to account statements and transaction history in PDF format through the Equilor Direct (EQD) user account. The trading conditions are similar to those of the Standard Account, but it offers a more digital-focused reporting approach.

Both account types do not incur deposit or withdrawal fees, but a quarterly account maintenance fee of HUF 3,000 is charged.

To open a broker account with Equilor Trader, follow these steps:

Visit the Website: Go to the Equilor Trader website and find the "Open an Account" section.
Choose the Account Type: Select either the Standard Account or the E-Optimum Account based on your trading needs.
Complete the Application Form: Fill out the account opening form for individuals, which is available in PDF format on the website.
Submit Required Documents: Attach scans of your identification, tax identification, and address verification documents.
Visit the Office: Go to one of Equilor Traders offices to confirm your identity and sign the service agreement.
Initial Deposit: Make the minimum required deposit of HUF 12,000 to activate your trading account.
Account Verification: Equilor Trader will verify your documents and application. Once approved, you will receive your account details, including a unique account number and login credentials.
Set Up Online Access: If available, set up online access to your trading account through the brokers trading platform.
Start Trading: Once your account is active, you can begin trading by placing buy and sell orders through the Equilor Trader platform.