Equiti Review

Equiti is unusual among brokers that market heavily in the Middle East: the licences are real and there are a lot of them. Equiti Capital UK Ltd is authorised by the FCA (FRN 800066), Equiti Global Markets holds a CySEC licence, Equiti Securities Currencies Brokers LLC is licensed by the UAE regulator (20200000026), Equiti Group Limited Jordan by the Jordan Securities Commission, EGM Securities — trading locally as FXPesa — by Kenya's Capital Markets Authority, Equiti Brokerage (Seychelles) Limited by the Seychelles FSA (SD064), and Equiti AM by the Central Bank of Armenia.

That breadth is the point and the catch. A UK client gets FSCS cover to £85,000, a leverage cap of 1:30 and the Financial Ombudsman; an international client onboarded to the Seychelles company gets 1:2000, no compensation scheme and no local ombudsman. Both are Equiti. Before funding, read which company is named on your client agreement, because that single line determines what you are actually buying.

Three retail tiers. Classic has no minimum deposit and quotes from 1.6 pips with no commission. Standard needs $30 and quotes from 1.4 pips, also commission-free. Premier needs $100 and is the one worth looking at: spreads from 0.0 pips with $3.50 per lot per side, which is the going rate at IC Markets and Pepperstone and a low bar for raw pricing. A Micro account exists as an add-on for existing clients.

Equiti is not known for punitive non-trading fees, and standard deposit and withdrawal methods are generally free, but the published detail is thinner than at the biggest brokers — inactivity terms in particular vary by entity and are worth confirming in writing before you open. Swap-free accounts are offered at no additional charge.

MetaTrader 4 and MetaTrader 5 on desktop and mobile, plus MQ WebTrader in the browser. There is no cTrader, no TradingView integration and no proprietary platform, so what you get is a well-run MetaTrader shop rather than a differentiated terminal. Copy trading is whatever the MetaTrader signals marketplace provides rather than an in-house service.

The instrument range is built around the region it sells to: 60-plus currency pairs including USD/AED, USD/SAR, USD/EGP and USD/JOD, equity indices, metals and energy, share CFDs, ETFs, crypto CFDs and gold option CFDs. If you trade MENA currency crosses, this is a materially better list than a generic offshore broker's.

Funding runs through Visa and Mastercard, bank wire, Skrill and Neteller, and local payment options across MENA. Card and e-wallet deposits are usually instant, wires take two to five business days, and standard methods carry no Equiti fee.

Withdrawals are where the complaint volume sits. Public reviews describe withdrawal functions disabled, payouts delayed for weeks, and in a handful of cases profits withheld over alleged latency abuse or policy breaches. Equiti answers 94% of negative reviews, so the disputes are engaged with rather than ignored, but the pattern is consistent enough to plan around: verify early, withdraw to the funding method, and start with a small test payout.

Support runs in English and Arabic through live chat, email and regional desks, with physical offices in London, Dubai, Amman and Limassol. For a trader in the Gulf or the Levant, having a local office and a local licence in the same jurisdiction is a real advantage when something goes wrong.

The weakness is speed. Reviewers repeatedly describe slow responses and inquiries left unresolved for weeks, which is the flip side of a group spread across seven entities and as many regulators.

Equiti traces back to 2008 and has grown by collecting licences rather than by buying scale — the Jordan, UAE, Kenya and Cyprus entities all arrived between 2018 and 2022. There are no regulator warnings against the group, and the presence of an FCA licence means at least one part of it is supervised to a standard that matters.

Trustpilot tells the other half: 3.4 out of 5 across 311 reviews, but with 54% five-star against 37% one-star, a split that describes two very different customer experiences rather than an average one. The positive half praises execution, spreads and onboarding; the negative half is almost entirely about withdrawals, account restrictions and support latency.