Equity People Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Equity People, also known as Baljit Securities, is a forex brokerage established in 2016. The company is headquartered at 7A, Pretoria Street, Kolkata - 700 0071, India. As a private entity, Equity People primarily serves clients in the retail forex and CFD trading markets, catering to individual traders seeking diverse investment opportunities.

　　Since its inception, Equity People has aimed to provide a range of financial services, including access to forex, commodities, indices, and contracts for difference (CFDs). Despite its relatively recent establishment, the broker has made strides in the forex industry, although it is still in the process of building its reputation and client base. The company operates on a retail trading model, allowing clients to trade various financial instruments through its platform.

　　The growth trajectory of Equity People has included the introduction of various trading tools and resources aimed at enhancing the trading experience for its users. However, it is important to note that the broker is currently unregulated, which raises concerns regarding investor protection and operational transparency.

2. Regulatory and Compliance Information

　　Equity People operates without proper regulation, which is a significant factor for potential traders to consider. The broker lacks valid regulatory information, and as such, it does not have a license from any major regulatory body. This absence of regulation can expose clients to higher risks, as there are no governing authorities overseeing the broker's operations.

• Regulatory Status: Unregulated
• Primary Regulatory Bodies: None
• Regulatory License Numbers: Not applicable due to lack of regulation
• Client Fund Segregation Policy: There is no clear information available regarding the segregation of client funds.
• Investor Compensation Fund Participation: Not applicable due to lack of regulation.
• KYC and AML Compliance Measures: While the broker may implement some KYC and AML measures, detailed information is not provided in available resources.

　　Due to the unregulated status of the equity people broker, potential clients are advised to exercise caution and conduct thorough research before engaging in trading activities.

3. Trading Products and Services

　　Equity People offers a variety of trading products to its clients, including:

• Forex Pairs: The broker provides access to a range of currency pairs, although the specific number of pairs available is not explicitly stated.
• CFD Products: Clients can trade CFDs on various asset classes, including:
• Indices: Major stock market indices.
• Commodities: Various commodities like gold, oil, etc.
• Stocks: Access to stock CFDs from different markets.
• Cryptocurrencies: Limited information on cryptocurrency offerings, but it may provide some options.

　　The broker's product offerings are regularly updated, allowing clients to trade emerging instruments as market conditions evolve. However, detailed information on the frequency of product updates is not provided.

　　Equity People also focuses on retail trading services, enabling individual traders to access the markets directly. While institutional services are not specifically mentioned, the broker may cater to certain institutional clients as needed.

4. Trading Platforms and Technology

　　Equity People does not support the widely popular trading platforms MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Instead, it offers its proprietary trading platform, which is designed to provide a user-friendly experience for traders.

• Web-Based Trading Platform: The broker provides a web-based trading solution, allowing clients to trade directly from their browsers without the need for software downloads.
• Mobile Applications: Equity People offers mobile trading applications compatible with iOS and Android devices, enabling traders to manage their accounts on the go.
• Execution Model: The broker utilizes a Market Making execution model, which may involve spreads and commissions based on market conditions.
• Server Locations and Technical Infrastructure: Specific details regarding server locations and technical infrastructure are not disclosed, which may affect the latency and execution speed for traders.
• API Access and Automated Trading Support: There is no clear information available regarding API access or support for automated trading systems.

　　The technology and trading platform provided by the equity people broker play a crucial role in the overall trading experience, although potential clients should consider the lack of support for popular platforms like MT4 and MT5.

5. Account Types and Trading Conditions

　　Equity People offers various account types, each with its own trading conditions. While specific details are limited, here are some general features:

• 　　Standard Account Conditions:

• 　　Minimum Deposit: Information on the minimum deposit required for standard accounts is not provided.

• 　　Spreads and Commissions: The broker offers competitive spreads, although specific figures are not disclosed.

• 　　Advanced Account Types: The broker may offer advanced account options for professional traders, such as VIP or professional accounts, but details are not specified.

• 　　Special Accounts: Information regarding Islamic accounts or corporate accounts is not available.

• 　　Demo Account Policy: A demo account option is likely available for traders to practice their strategies, but specific details are not provided.

• 　　Leverage Ratios: The broker's leverage ratios vary by product, but precise information is not available.

• 　　Minimum Trade Size: The minimum trade size is not specified in available resources.

• 　　Overnight Fees Policy: Details regarding overnight fees or swap rates are not available.

　　Potential clients should inquire directly with the broker for specific account type features and trading conditions.

6. Fund Management

　　Equity People provides several options for managing funds, although detailed information is limited:

• 　　Supported Deposit Methods: The broker accepts various deposit methods, including:

• 　　Bank Transfers

• 　　Credit Cards

• 　　E-Wallets (specific providers not detailed)

• 　　Minimum Deposit Requirements: Different account types may have varying minimum deposit requirements, but specific amounts are not disclosed.

• 　　Deposit Processing Times: Information regarding the time taken for deposits to be processed is not provided.

• 　　Deposit Fees: The broker's fee structure for deposits is not clearly outlined.

• 　　Withdrawal Methods and Limits: Various withdrawal methods are likely supported, but detailed information is lacking.

• 　　Withdrawal Processing Times: The time taken for withdrawal requests to be processed is not specified.

• 　　Withdrawal Fee Structure: Information regarding withdrawal fees is not available.

　　Given the limited information on fund management, potential clients should reach out to Equity People for clarification on their deposit and withdrawal processes.

7. Customer Support and Educational Resources

　　Equity People offers customer support through various channels, although specific details are limited:

• 　　Support Channels: Clients can reach out for support via:

• 　　Phone

• 　　Email

• 　　Online Chat

• 　　Social Media

• 　　Service Hours and Time Zone Coverage: Specific service hours and time zone coverage are not provided.

• 　　Multilingual Support: The broker's support may be available in multiple languages, but the exact languages supported are not specified.

• 　　Educational Resources: Equity People may provide educational resources such as:

• 　　Webinars

• 　　Tutorials

• 　　E-books

• 　　Market Analysis Services: The broker may offer daily market analysis, news updates, and research reports to assist traders in making informed decisions.

• 　　Trading Tools: Clients may have access to various trading tools, including calculators, economic calendars, and signal services, although specific tools are not listed.

　　The availability and quality of customer support and educational resources can significantly impact the trading experience for clients of the equity people broker.

8. Regional Coverage and Restrictions

　　Equity People primarily serves clients in the Indian market, where it is based. However, the specific regions and countries that the broker operates in are not explicitly mentioned.

• Main Service Markets: The broker focuses on providing services to clients in India and potentially other regions, but detailed information is not available.
• Regional Offices Distribution: The broker's regional office locations are not specified.
• Countries/Regions Not Accepted: There is no clear information on countries or regions from which clients are not accepted.
• Special Restrictions: Additional restrictions may apply, but specific details are not provided.

　　Potential clients should verify the broker's operational areas and any restrictions that may apply to their specific circumstances.

　　In conclusion, while the equity people broker presents a range of trading opportunities, potential clients should be cautious due to its unregulated status and the limited information available regarding various aspects of its operations. It is advisable to conduct thorough research and consider all factors before engaging with this broker.