Equitrade Capital Forex Broker
Basic Information
United Kingdom
10-15 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
Equitrade Capital Forex Broker - Complete Information Guide
1. Broker Overview
Equitrade Capital, officially known as Equitrade Capital Ltd, was established in 2003. The company is headquartered at 271 Hagley Road, Edgbaston, Birmingham, B16 9NB, United Kingdom. As a private entity, Equitrade Capital primarily serves retail and corporate clients, focusing on providing a range of financial services, including Forex trading, Contracts for Difference (CFDs), and commodities trading.
Over the years, Equitrade Capital has developed a reputation in the financial industry, marking significant milestones in its operational history. The firm has established a solid foundation in the Forex and CFD markets, reflecting its commitment to delivering quality trading services to its clientele. The broker operates under a model that emphasizes retail Forex trading and institutional services, catering to a diverse market that includes both novice and experienced traders.
Equitrade Capital's business model is designed to facilitate access to various financial instruments, allowing clients to engage in trading activities that align with their investment strategies. The brokers focus on customer service and market accessibility has contributed to its growth and sustainability in the competitive trading landscape.
2. Regulatory and Compliance Information
Equitrade Capital is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which is one of the most respected regulatory bodies in the financial sector. The FCA registration number for Equitrade Capital is 577611. This regulatory oversight ensures that the broker adheres to strict standards designed to protect investors and maintain market integrity.
The firm operates under the regulations that require it to maintain a high level of transparency and compliance with financial laws. Equitrade Capital has established policies for customer funds, which are kept in segregated accounts to ensure safety and security. The broker does not participate in any investor compensation schemes, but it follows stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to mitigate risks associated with financial crimes.
The FCA's oversight includes regular audits and compliance checks, which help ensure that Equitrade Capital operates within the legal framework established for financial services in the UK. This regulatory environment significantly reduces transaction risks for clients, making Equitrade Capital a safer choice for Forex trading.
3. Trading Products and Services
Equitrade Capital offers a diverse range of trading products to its clients, focusing on Forex, CFDs, and commodities. The broker provides access to a wide array of Forex currency pairs, including major, minor, and exotic pairs, facilitating comprehensive trading opportunities for its users.
In addition to Forex trading, the broker also offers CFD products across various categories, including indices, commodities, and stocks. This diversity allows traders to speculate on price movements without owning the underlying assets. Although Equitrade Capital does not currently support cryptocurrency trading, it remains focused on enhancing its offerings in established financial markets.
The broker frequently updates its product offerings, introducing new instruments based on market demand and client feedback. This commitment to product innovation helps maintain a competitive edge in the industry. Retail trading services are complemented by institutional services, which cater to larger clients seeking tailored trading solutions.
4. Trading Platforms and Technology
Equitrade Capital does not support MetaTrader 4 or MetaTrader 5, which are popular trading platforms used by many brokers. Instead, the firm utilizes its proprietary trading platform, designed to provide a user-friendly interface and comprehensive trading tools.
The broker offers a web-based trading platform that allows clients to trade directly from their browsers without the need for software downloads. This flexibility is particularly beneficial for traders who prefer to access their accounts from various devices. Moreover, Equitrade Capital has developed mobile applications compatible with both iOS and Android, enabling clients to manage their trading activities on the go.
The execution model employed by Equitrade Capital is primarily Straight Through Processing (STP), which ensures that trades are executed quickly and efficiently. The broker's technology infrastructure is robust, with servers located in secure environments to facilitate reliable trading experiences. API access is also available for clients interested in automated trading solutions, enhancing the overall trading experience.
5. Account Types and Trading Conditions
Equitrade Capital offers several types of trading accounts to accommodate different trading preferences and investment strategies. The standard account typically requires a minimum deposit, with variable spreads and commission structures based on the trading volume.
In addition to the standard account, Equitrade Capital provides advanced account types for more experienced traders, including VIP and professional accounts that offer enhanced trading conditions and lower fees. The broker also caters to clients seeking Islamic accounts, ensuring compliance with Sharia law.
A demo account is available for traders who wish to practice their strategies without risking real money. This feature is particularly useful for newcomers to the Forex market. The leverage offered by Equitrade Capital varies depending on the product traded, with a range that allows traders to maximize their potential returns while managing risk effectively.
6. Fund Management
Equitrade Capital supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary based on the account type chosen by the client. For instance, standard accounts typically have a lower minimum deposit compared to advanced accounts.
Deposit processing times are generally swift, with funds often available for trading within one business day. However, specific processing times may vary based on the chosen deposit method. Equitrade Capital does not charge deposit fees, making it easier for clients to fund their accounts.
Withdrawal methods mirror the deposit options, with clients able to withdraw funds using the same methods they used to deposit. Withdrawal processing times can vary but are typically completed within a few business days. The broker maintains a transparent fee structure, ensuring that clients are aware of any applicable withdrawal fees before initiating transactions.
7. Customer Support and Educational Resources
Equitrade Capital provides multiple channels for customer support, including phone, email, and live chat options. The support team is available during business hours, ensuring that clients can receive assistance when needed. The broker primarily supports English, catering to a wide range of clients in the UK and beyond.
In addition to customer support, Equitrade Capital offers a variety of educational resources designed to help traders improve their skills and knowledge. These resources include webinars, tutorials, and eBooks that cover various trading topics, from basic concepts to advanced strategies.
The broker also provides market analysis services, offering clients access to daily analyses, news updates, and research reports. These tools are essential for traders looking to make informed decisions in a dynamic market environment. Furthermore, Equitrade Capital equips its clients with trading tools such as calculators and economic calendars to aid in their trading activities.
8. Regional Coverage and Restrictions
Equitrade Capital primarily serves clients in the United Kingdom, focusing on local and regional markets. The broker's operational presence extends to various regions, ensuring that it can cater to the diverse needs of its clientele.
However, Equitrade Capital does not accept clients from certain countries, including the United States and Belgium, due to regulatory restrictions. This limitation is essential for maintaining compliance with international financial regulations and ensuring that all clients are adequately protected under the broker's regulatory framework.
In summary, Equitrade Capital is a well-established Forex broker that offers a range of trading products and services, backed by regulatory oversight from the FCA. With a commitment to providing a secure trading environment and a focus on customer support, Equitrade Capital remains a viable option for traders looking to engage in the Forex market. As the trading landscape continues to evolve, Equitrade Capital is poised to adapt and grow alongside its clients, ensuring a robust trading experience for all.
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Latest Reviews
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Scam Case Part One: Towards the end of 2024, I met a female netizen, 'Chen Chen', on MonChats. Her photos and voice clips on the platform seemed authentic and she seemed engaged in cryptocurrency which made me let my guard down a bit against online scams. Eventually, we exchanged Line accounts to discuss about cryptocurrency. When Trump won the presidential election on 20th January 2025, Chen Chen had already predicted the Bitcoin price will surge over 100,000. She advised me to get some Bitcoin, so I gave it a shot by investing $1000 into Bitcoin which turned out be profitable! In gratitude, I bought her a dining gift coupon as a thank you through Line gift. This was when her real setup began. Initially, she denied the gift saying that she didn't do much and asked me to save my money. Later, she introduced me to the 'Onion Ring Cryptocurrency' community, hinting people in the group were very welcoming and loved sharing their investment strategies. Trusting her, I joined the group and started interacting with others. After a while, Chen Chen suggested me to buy EC platform's dual currency financing product during Bitcoin's downtrend. I thought about her advice and ended up financing from a bank. After calculating the possible returns on my loan investment in the dual currency product with her, I proceeded. Little did I knew, this was just the beginning of my nightmare. She then suggested me to sell my U.S. equity ETF on eToro, exchange for Bitcoin and use it to purchase the second dual financing product. Seeing a possible scam, I asked for an exchange of ID cards to assure I could find her if I was scammed. She was upset because I didn't trust her, but eventually exchanged her ID. Due to our past experiences, I believed her again. The third dual currency financing product was bought under an EC platform campaign offering 3% rebate. After comparing loan benefits from several banks, I chose to loan against my insurance policy from my university days and invested again. The fourth and fifth installments were similar, involving investment in EC's financial products to avail rebate benefits. But things started to go south in early May 2025 when someone contacted me saying they couldn't withdraw from EC. I thought he was joking until I tried to contact EC's customer service and the admins but got accused of being a scammer. At that point, I grew suspicious and when I tried to withdraw from EC, the service read but didn't reply. In total, I lost over a million new Taiwanese dollars. I'm just a regular guy, I lost my savings and incurred over a million dollars of debt. This incident was a lesson for me that you can't always trust your pals who joke and squabble with you. I hope my story can be a cautionary tale, trust your own judgment when investing, not others'. 'Chen Chen', if you're reading this, I want to say, I'm really disappointed. I remembered that we promised to have a BBQ together, but I never thought it would end up like this.
Exposure
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FX1349230732
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1. On 113.11.26, I met a woman through a social app, referred to as L. During our conversations, there was no mention of any investment with high returns, financial schemes, depositing into a specific account, or meeting in person to trade anything. She only recommended the LINE community "Onion Circle Cryptocurrency." This community belongs to EC Capital (Equitrade Capital, abbreviated as EC) officially, accessed through the EC website (https://equitradecl.com/). 2. Within the Onion Circle Cryptocurrency community, EC frequently introduces its platform and product categories, while advocating for anti-fraud measures. There is no inducement for investment, profit guarantees, or reports. To understand the products, one must contact EC customer service privately on LINE. For deposits, one can choose to do so within the EC official website system or directly contact EC customer service. 3. My initial deposit date was 114.03.03. Before that, I had been observing if EC had any suspicion of fraud. During this time, I also bought coins at a physical exchange and transferred them to my Binance wallet. From Binance, I deposited 15000 USDT to the address provided by EC customer service (TBA2JozKGZQBihVjX4Jq81tKiWatFRFQwb). The financial project was EC's liquidity pool activity. After the activity ended on 03.31, I decided to only withdraw the bonus interest to my Bitopro wallet. I requested the principal to be transferred directly to the dual currency BTC/USDT fixed deposit activity on EC, with a contract from 04.01 to 04.30. EC claimed to have applied to the system for the interest from the previous activity. From 04.01 onwards, I have been inquiring with EC about the withdrawal of the bonus interest. Throughout the process, they claimed system congestion and internal multi-signature wallet issues. Until 04.21, EC customer service stopped reading and replying to my messages, and there has been no response since. It seems like I have been blocked. In essence, I have not withdrawn a single cent, and my principal is stuck with EC and cannot be withdrawn. 4. As shown in the image: Conversation records (including with friends and EC officials), deposit notifications for activities, deposit transaction details.
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My original post exposed the official website equitradecl.com (now unreachable). I've recently found it's been changed to equitradecg.com, where they continue to scam by misusing the logo of a genuine exchange, Quantfury. Their FCA regulation number 577611 has also been modified, confirming without a doubt that this is a rebranding scam.
Exposure
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