English

Equilor foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.equilor.hu/en/, about the company's legal and temporary regulatory information, the company's address Budapest, 1026 Pasaréti út 122-124. (Mozium Office Building).

Equilor Forex Broker

Basic Information

Registered Region

Hungary

Operating Period

Company Name

Equilor Investment Ltd.

Abbreviation

Equilor

Company employee

Customer Service Email Address

equilor@equilor.hu

Contact Number

+3614303980

Company Website

https://www.equilor.hu/en/

Company address

Budapest, 1026 Pasaréti út 122-124. (Mozium Office Building)

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Company Name Equilor Registered Country/Area Hungary Founded Year 1990 Regulation Unregulated Market Instruments Stock Exchange, Bond, Commodity Account Types E-OPTIMUM-Account and STANDARD Account Trading Platforms Equilor Trader Customer Support Phone at +36 1 430 3980 or Email at equilor@equilor.hu. Deposit & Withdrawal Bank Transfer Educational Resources Market Analyses, Macroeconomic Forecasts, and Investment Insights Overview of Equilor Equilor, a Hungarian brokerage firm established in 1990, offers a wide range of financial services including forex trading, CFDs, commodities, and indices. So far, it has not been verified by any major authority. Equilor has its own trading platform called Equilor Trader. Equilor's customer support can be reached through various channels including phone and email. For educational resources, Equilor provides market analyses, macroeconomic forecasts, and investment insights prepared by their team of analysts. Regulatory Status It has been varified that Equilor has not been regulated by any major authority. Pros and Cons Pros Cons Established Reputation Lack of Regulation Various Tradable Assets Limited Global Presence Diverse Educational Resources Stable Customer Support Two Account Types Support Pros Established Reputation: Founded in 1990, Equilor has a long-standing presence in the financial services industry, particularly in Hungary. Various Tradable Assets: They offer a wide range of services, including stock exchange trading, forex trading, CFDs, commodities, and indices, catering to both individual and institutional clients. Diverse Educational Resources: Equilor provides market analyses, macroeconomic forecasts, and investment insights, which help traders stay informed about market trends and make better decisions. Stable Customer Support: The firm offers reliable customer support through multiple channels, including phone and email, and has a physical office for in-person support. Two Account Types Support: Equilor offers E-OPTIMUM Account and STANDARD Account for users to meet their different needs. Cons Lack of Regulation: So far, Equilor is not regulated by any recognized financial authority. This lack of oversight increases the risk of potential fraudulent activities and reduces investor protection. Limited Global Presence: While Equilor is well-established in Hungary, its focus on the local market limits its appeal to international clients. Market Instruments Equilor offers a comprehensive range of market instruments suitable for both private and institutional clients. Their offerings include equities, bonds, foreign exchange, and commodities. Equities can be traded on various stock exchanges worldwide, including Budapest, Warsaw, and Prague, with access to over 29,000 securities. Bond options range from low-risk government bonds to corporate bonds in multiple currencies, catering to diverse investment strategies. The foreign exchange market allows trading of nearly 180 currency pairs, providing robust options for currency investment and hedging strategies. Additionally, Equilor offers commodity trading, covering a wide array of agricultural products and precious metals on both Hungarian and international exchanges. Account Types Equilor Investment Ltd. Offers the following account packages: E-OPTIMUM Account package (with an EQUILOR DIRECT mail account) STANDARD Account package Before making the decision to open a client or securities account, please consider the cost of opening an account, which is a factor that decreases yields, and also take into account the fact that additional fees may also apply for other services related to the various account packages. E-OPTIMUM Account Service: The E-OPTIMUM Account Service package includes client and securities account management for a fee of HUF 3,000 per quarter. As part of the Optimum account package, clients receive transaction confirmations and account statements in an electronic PDF format sent to their online email accounts provided by EQUILOR. EQUILOR does not provide these documents in hard copy format. A condition for choosing the service is an EQUILOR DIRECT minimum EMAIL ACCOUNT, which is currently free of charge. STANDARD Account Service: The quarterly account fee for the STANDARD package is HUF 3,000, with the added condition that a custody fee is charged for dematerialised securities in the Standard and Komfort account packages. Clients who choose our Standard account package receive confirmations of transactions in hard copy format, which are sent to them by mail. Clients receive EQUILOR DIRECT services free of charge with the Standard package. How to Open an Account？ There are a number of ways you can open an account with Equilor. Perhaps the simplest is to enter the requested data under the “Submit form” menu item, based on which the broker will prepare the necessary contracts. You will only have to come into their offices for the purposes of data verification. The originals of the following documents are required for opening an account: For private persons: Personal identification card, Tax card, Address card. For companies: An authentic certificate of incorporation (no older than 30 days), Specimen signature, The above personal documents for the companys representative. To make an appointment for data verification, please call our central line at +36 1 430 3980. Trading Plarform Equilor has its own trading platform called Equilor Trader. It provides users with access to various financial markets, including stocks, options, futures, and forex, along with research tools and analysis features. Deposit & Withdrawal Equilor offers HUF transfer service that supports many banks, including MBH Bank Nyrt. and KELER Zrt.. As a client of Equilor Investment Ltd., you can make deposits using the following methods: HUF deposit, EUR payments, USD deposit and GBP deposit. Customer Support Equilors customer support is accessible via multiple channels. Phone Numbers: You can contact them by phone or via email. They provide different numbers to meet customers' needs: Call-center:+36 1 430 3980 Premium Investment Services:+36 1 430 3995 Private Banking:+36 1 808 9210 Online Trading:+36 1 430 3998 Email: equilor@equilor.hu Address: They also offer in-person support at their office located at Mozium Office Building H-1026 Budapest, Pasaréti út 122-124. While their support is reliable, it is primarily focused on their local market, which might be a limitation for international clients. Educational Resources Equilor provides market analyses, macroeconomic forecasts, and investment insights prepared by their team of analysts. These resources are available on their website, helping traders stay informed about market trends and make better-informed decisions. Conculsion Equilor is a brokerage firm that offers a diverse range of financial services and products to its clientele. Through its proprietary trading platform, Equilor Trader, users are able to access various markets and utilize robust research tools. While the platform is designed with user-friendly features, it's worth noting that Equilor operates with some limitations, such as a lack of regulatory oversight, a narrower selection of securities, and potentially higher fees compared to other platforms. Despite these considerations, Equilor remains a viable choice for traders in Hungary who are seeking a comprehensive brokerage service. FAQs Q: What services does Equilor offer？ A: Equilor provides a range of financial services, including stocks, exchanges, bonds and commodities. Q: What types of investments can I make through Equilor？ A: Equilor offers a variety of investment options, including stocks, bonds, mutual funds, ETFs, and more, allowing clients to diversify their portfolios according to their investment goals and risk tolerance. Q: How does Equilor ensure the security of my investments？ A: Equilor employs advanced security measures to safeguard clients' investments, including encryption protocols, firewalls, and multi-factor authentication, as well as adhering to strict regulatory standards and conducting regular audits to maintain the integrity of its systems and processes. Q: Can I access my Equilor account online？ A: Yes, Equilor provides clients with online access to their accounts through a secure web portal or mobile app, allowing them to monitor their investments, execute trades, and access account statements and other important documents anytime, anywhere. Q: Does Equilor offer any educational resources for investors？ A: Yes, Equilor offers a range of educational resources, including articles, webinars, and seminars, designed to help investors enhance their financial literacy and make informed investment decisions tailored to their individual needs and objectives.

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Equilor Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Equilor Trader, established in 1990, is a prominent financial brokerage firm headquartered in Budapest, Hungary. The company operates as a private entity and has become a key player in Hungary's financial services sector. Over the years, Equilor has expanded its offerings to serve both retail and institutional clients, focusing primarily on trading and investment services.

　　Equilor Trader is a subsidiary of Equilor Investment Ltd., which is recognized for its comprehensive services in investment banking, asset management, and capital markets. The broker has built a solid reputation through its participation in major stock exchanges, including the Budapest, Warsaw, and Prague Stock Exchanges. Since its inception, Equilor has achieved significant milestones, including awards such as the Investment Service Provider of the Year from the Budapest Stock Exchange.

　　The company's business model encompasses retail forex trading, as well as services tailored for institutional clients, which include access to a wide range of financial instruments and market analytics. The broker emphasizes providing a secure trading environment, leveraging its strong capitalization and regulatory oversight.

2. Regulatory and Compliance Information

　　Equilor Trader operates under the supervision of the National Bank of Hungary (Magyar Nemzeti Bank), which ensures that the firm adheres to the regulatory standards set forth by the European Unions MiFID directives. The broker holds a license to conduct brokerage and investment activities, providing a level of assurance to its clients regarding the safety of their funds.

Regulatory Body: National Bank of Hungary
License Number: Specific regulatory numbers are not publicly disclosed in the sources.
License Validity: The license is ongoing, subject to compliance with local regulations.
Legal Entities: Equilor Trader operates primarily in Hungary and serves clients in Central and Eastern Europe.
Client Funds Protection: Equilor participates in the Investor Protection Fund of Hungary (BEVA), which compensates clients up to EUR 100,000 in case of broker insolvency.
KYC and AML Compliance: The broker implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure the integrity of its operations and to protect against financial crimes.

　　The regulatory framework and compliance measures in place affirm Equilor Trader's commitment to maintaining a trustworthy trading environment, making it a reliable choice for traders.

3. Trading Products and Services

　　Equilor Trader offers a diverse array of trading products, catering to various trading strategies and investor needs. The broker provides access to over 170 currency pairs and more than 200 CFDs on stocks and indices, ensuring a comprehensive trading experience.

Forex Currency Pairs: A robust selection of major, minor, and exotic currency pairs is available for trading.
CFD Products: The broker offers CFDs on:
Indices: Major global indices are accessible for trading.
Commodities: Including precious metals like gold and silver.
Stocks: CFDs on shares from over 27 companies are available.
Cryptocurrencies: Currently, there is no mention of cryptocurrency trading services.
Unique Products: Equilor Trader provides unique trading options like autochartist analytics, enhancing traders' analytical capabilities.
Product Updates: The broker frequently reviews its product offerings and updates its trading instruments based on market demand and trends.
Retail Trading Services: Equilor primarily focuses on retail trading, providing tools and resources tailored for individual traders.
Institutional Services: The broker also caters to institutional clients with tailored services, including liquidity provision and market access.

　　Equilor's extensive product range positions it as a versatile broker suitable for both novice and experienced traders.

4. Trading Platforms and Technology

　　Equilor Trader has developed its proprietary trading platform, Equilor Trader Go, which is designed to facilitate seamless trading experiences across various devices. The platform is user-friendly and accessible via web browsers and mobile applications.

MetaTrader Support: Equilor Trader does not support MetaTrader 4 or 5 platforms, which may be a drawback for traders accustomed to these popular platforms.
Web-based Platform: The Equilor Trader Go platform provides all necessary trading functionalities, including advanced charting tools and market data.
Mobile Applications: Available for both iOS and Android, the mobile app allows traders to manage their accounts and execute trades on the go.
Execution Models: The broker operates on a Market Making model, providing fixed spreads for its trading instruments.
Server Infrastructure: The specifics regarding server locations and technology infrastructure are not detailed in the sources, but the broker claims to ensure fast execution speeds.
API Access: There is no mention of API access or support for automated trading, which may limit options for algorithmic traders.

　　Equilor Traders platform is designed for active trading, providing essential tools and features to enhance the trading experience.

5. Account Types and Trading Conditions

　　Equilor Trader offers various account types tailored to meet the needs of different traders. The primary accounts available include:

Standard Account: Requires a minimum deposit of HUF 12,000 (approximately USD 33), with fixed spreads starting from 1.8 pips for major currency pairs.
Advanced Accounts: While specific advanced account types are not detailed, the broker offers accounts with different reporting and management features.
Special Accounts: There is no mention of Islamic accounts or corporate accounts in the available information.
Demo Account Policy: A free demo account is available for 20 days, allowing traders to practice without financial risk.
Leverage: The broker offers leverage of up to 1:30 on retail accounts, which is standard for the EU market.
Minimum Trade Size: The minimum trade size is set at 0.01 lots, accommodating both small and large traders.
Overnight Fees: Specific details regarding overnight fees (swap rates) are not provided, indicating that traders should inquire directly for this information.

　　Equilor Trader's account offerings provide a solid foundation for traders to engage in the financial markets, though the absence of certain account types may limit options for some clients.

6. Fund Management

　　Equilor Trader provides multiple funding options to facilitate deposits and withdrawals for its clients.

Supported Deposit Methods: Traders can deposit funds via bank transfers and potentially other methods, though specifics on credit cards or e-wallets are not mentioned.
Minimum Deposit Requirements: The minimum deposit for active trading is HUF 12,000.
Deposit Processing Time: The sources do not specify the exact processing time for deposits, indicating that clients should check with customer support for details.
Deposit Fees: There are no fees for deposits, which is advantageous for traders.
Withdrawal Methods: Withdrawals are processed back to the clients personal bank account, with specific fees based on the method of withdrawal.
Withdrawal Processing Time: The time frame for processing withdrawals is not explicitly mentioned, suggesting that clients should inquire directly for this information.
Withdrawal Fees: Withdrawal fees vary depending on the requested currency and method, with fees starting from 0.125% for HUF withdrawals.

　　The funding options provided by Equilor Trader are designed to ensure that clients can manage their accounts efficiently and with minimal costs.

7. Customer Support and Educational Resources

　　Equilor Trader offers various channels for customer support to assist clients with their trading needs.

Support Channels: Clients can reach customer support via telephone, email, and personal visits to the office. However, there is no live chat option available.
Service Hours: Support is available from 8:30 AM to 4:30 PM (GMT +1), Monday through Friday.
Multilingual Support: The broker primarily offers support in Hungarian and English, catering to its local and international client base.
Educational Resources: While the broker does not provide extensive educational content, basic information about forex and CFDs is available on its website.
Market Analysis Services: Equilor Trader offers daily newsletters containing market news, exchange rates, and analyses of important events, aiding traders in making informed decisions.
Trading Tools: The platform includes various tools such as price alerts, market news, and economic calendars to support traders in their activities.

　　The customer support and educational resources provided by Equilor Trader aim to enhance the trading experience for its clients.

8. Regional Coverage and Restrictions

　　Equilor Trader primarily serves clients in Hungary and throughout Central and Eastern Europe. The broker has established a significant presence in the local market, benefiting from its long-standing reputation.

Main Service Markets: Hungary is the primary market, with services extended to other Central and Eastern European countries.
Regional Offices: The main office is located at Pasaréti út 122-124, Budapest.
Countries Not Accepted: The broker does not accept clients from the EU/EEA/UK, indicating a focus on local clientele.
Special Restrictions: Clients are advised to ensure compliance with local laws and regulations when utilizing the broker's services.

　　Equilor Trader's regional focus allows it to cater effectively to the needs of its target market while maintaining compliance with local regulations.

　　In conclusion, Equilor Trader stands as a reputable broker in the Hungarian financial landscape, offering a range of services and products tailored to meet the needs of both retail and institutional clients. With its strong regulatory framework and commitment to customer service, Equilor is a viable option for traders seeking a reliable trading partner.

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