Equity Capital broker advertises itself as a “pioneering fin-tech firm and world-class provider of multi-asset bespoke liquidity.”
They advertise their connections with Tier 1 banks and technological solutions but don’t disclose basic trading information. The company seemingly focuses more on gaining other brokers as customers than actual investors.
Let’s see what we discovered or didn’t discover in our detailed Equity Capital review.
Equity Capital is a brand of Equity Capital UK Limited, a brokerage firm registered in London, UK. The company entered the Companies House register in April 2010. Furthermore, we found Equity Capital’s regulation with the UK FCA. The firm was first regulated as Divisa UK Limited, only to switch its name in November 2018.
Besides the owner, the brokerage has changed several trading names, including Divisa Capital, otcXchange, Equity, Equity Global Markets, EGM Futures, and EGM. All of these can be found on the FCA register.
While it’s not uncommon for investment firms to rebrand, it usually comes after gaining a negative reputation among investors. Hence, we advise caution when investing with an Equity Capital firm.
Another concerning fact regarding this brokerage is its lack of transparency. Namely, all UK brokers must comply with stringent rules regarding leverage limit, following ESMA directives.
If you have any information about the brokerage and its operations, we’d appreciate it if you shared it with us.
Based on our analysis and SimilarWeb results, the majority of Equity Capital clients come from:
It’s worth noting that the FCA license only authorizes the firm to onboard residents of the UK and, in some cases, EEA zone clients. In this case, FCA register only listed Gibraltar as an available EEA country. Hence, Cyprus is off its limits.
Additionally, the company has no authorization in the US or the UAE, meaning customers from these states are not covered by legal protection.
If there’s one good thing, it’s undoubtedly Equity Capital’s trading platform selection. The brokerage offers both MetaTrader versions.
These are the most popular software among retail investors and contain the largest number of TAs. Let’s see what each brings.
Equity Capital enables its clients’ access to both MetaTrader 4 and MetaTrader 5. Both platforms belong to MetaQuotes Ltd and are considered top-notch software in the trading industry. While MT4 is a bit older version, it’s still preferred by over 50% of market traders.
On the other hand, MT5 is newer and brings a broader selection of trading charts and indicators, as well as a more modern design. Both platforms are pretty intuitive and user-friendly, and both allow add-ons, such as trading bots and social trading features.
Along with desktop apps, MetaTrader provides both Android and iOS apps as well. Clients can use them to conveniently log in to their accounts, monitor trades, and open new ones.
This trading brokerage allows access to a wide range of CFDs, those being:
It’s worth mentioning that according to the FCA ban from the 6th of January 2021, trading brokers are banned from offering crypto CFDs.
According to this announcement, FCA considers them risky and warns investors that firms offering this asset are most likely scam brokers.
Another issue we found is a lack of details regarding spreads, swaps, and other trading fees. Legit brokers must keep a detailed list of all their commissions and be transparent with customers.
However, Equity Capital has no such list, which we find rather suspicious.
We don’t have a list of Equity Capital account types. The firm didn’t specify whether you can get some benefits by upgrading your account. Additionally, we don’t have a minimum deposit clearly specified either. All this has led us to suspect this firm and its activities.
Equity Capital Demo account is available through the MT5 platform. Customers can review trading features, but they must contact broker employees if they want to start an account.
The site contains no information regarding the Equity Capital withdrawal procedure. Their Terms and Conditions are meant for B2B clients, while there’s nothing regarding the terms they offer to personal investors.
We don’t have a list of suitable payment methods, not for deposits or withdrawals. Additionally, we don’t know if you’ll have to pay any fees for your deposit or withdrawal and how much.
While Equity Capital is a regulated brokerage firm, there are many missing facts and concerns. Therefore, you should report any potential issues. If something unexpected happens, let Global Fraud Protection know.
Equity Capital is an FCA-regulated trading brokerage. In case of any potential issues, let us know, and we’ll evaluate your case during a free consultation.
You can trade crypto and other CFDs, but you should also note that FCA prohibited crypto CFDs in 2021.
Yes, broker offers a Demo account for its clients to test the system.
The firm didn’t specify the minimum deposit requirement, which is quite odd for a licensed broker.
Equity Capital is an FCA-regulated trading brokerage. In case of any potential issues, let us know, and we’ll evaluate your case during a free consultation.
You can trade crypto and other CFDs, but you should also note that FCA prohibited crypto CFDs in 2021.
Yes, broker offers a Demo account for its clients to test the system.
The firm didn’t specify the minimum deposit requirement, which is quite odd for a licensed broker.
The post Equity Capital Review 2023 – Who Is EquityCapital.co.uk Broker? appeared first on Global Fraud Protection.
