Launched in 2023, Equaledge is an established online retail broker that lets you trade the markets via user-friendly platforms.
They offer clients around the globe a decent selection of more than 450 trading instruments across different asset classes such as forex, stocks, shares, commodities, precious metals, and cryptocurrency.
You can trade hundreds of financial instruments with low spreads from just 0.5 pips, and commission-free accounts are available if you need them for your trading strategy. They can be a good choice for anyone looking to get convenient access to the global markets across all your devices with minimal hassle.
Overview of the benefits and negatives of this forex brokerage
- A generous selection of more than 450 financial instruments across six asset classes
- Tight spreads, zero commissions, and fast trade execution speeds
- Powerful and easy-to-use trading platform
- User-friendly mobile trading app
- Good choice of account types and funding methods
- Excellent 24/5 customer service
- They offer fixed and variable spreads
- Cannot accept clients from some countries
- Could improve regulation beyond corporate License
- No Swap-free Islamic accounts (no information available on the site)
- No Free demo practice accounts (no information available on the site)
Being founded in 2023, equaledge.co aims to grow into a world-leading online broker. Operating from Kingstown, St. Vincent and the Grenadines, Equaledge is a multi-asset brokerage firm focused on providing clients with the best trading environment possible.
The Broker offers you with the popular easytech trading platform to help ensure seamless access to over 200 financial markets. They give you access to trade online with extremely competitive trading conditions, such as low spreads from just 0.5 pips, zero commission fees, leverage of up to 1:400, around-the-clock support, flexible account types and convenient funding options.
- The minimum deposit amount required to start trading is $5000.
- It is quick and easy to open an account to get instant access to the world’s top markets as a service-focused, global online trading brokerage.
- I found them to be quick and helpful in responding to my questions when reviewing their service.
Equaledge client’s orders are executed with No Dealing Desk intervention, resulting in superior pricing, faster results, greater liquidity, and fewer outages. This also ensures that there should be no conflict of interest between trader and Broker, as there may be a dealing desk between the client’s order being sent and the market.
In addition to this, Equaledge invests heavily in behind-the-scenes network technology to significantly lower latency. From rock-solid platforms and lightning-fast trade execution to low spreads and flexible leverage across the broker’s product suite, traders should confidently rely on Equaledge to deliver any time they’re ready to take a trading opportunity. I don’t see many brokers doing this, so it is a great initiative to stand out.
Equaledge works with several advanced liquidity providers to reduce the risk of experiencing slippage as much as possible.
The Broker is connected to some of the most advanced technology and liquidity providers, making trades reach their servers quicker, inevitably reducing the need for requotes.
The Website is Owned by Duosoft 2934LLC 2023 and registered address at The Euro House, Kingstown St. Vincent and the Grenadines.
I would’ve preferred if they had at least one tier-one regulatory body regulating them, as this would significantly improve their trustworthiness.
The Broker has dedicated compliance and customer support teams that ensure compliance with the regulator’s investor protection mechanisms. Many may argue that one of the best ways to try and avoid potential scams is to trade with a regulated broker. I don’t disagree, either.
Under the supervision of multiple regulatory agencies, the Broker must strictly abide by the capital supervision regulations and adopt sound internal risk management procedures. They also have complete financial reports and independent external audit plans. I appreciate it when brokers make their financial statements public, as I like to go through them myself, too, just to be safe.
The client’s funds are kept separately from the company’s capital and subject to the bank’s priority protection. No matter under what circumstances, they should not use the client’s funds for company operations. Therefore, this can help ensure client funds’ safety and give me peace of mind that my funds are safe.
The Broker’s services are not directed to residents of certain jurisdictions such as the United States, Singapore, Iran, Cuba and other regions where such distribution or use would be contrary to local law or regulation.
Security Of Funds
Equaledge continually detects, assesses, monitors, and controls each risk associated with platform users’ trading transactions, operations, and actions. This means that they continuously evaluate the effectiveness and compliance of the policies, approaches, and procedures. Such a system approach allows Equaledge to cover its financial needs and capital requirements quickly.
Equaledge is ensuring the ultimate protection of clients’ funds. They apply a model that keeps our clients’ funds separate from the company funds. In the unlikely event that Equaledge would ever enter liquidation, the clients’ funds are wholly segregated off the balance sheet and cannot be used to cover the company’s debts and pay back creditors.
Top EU Banking Institutions
Equaledge attentively chooses the financial services to partner with. Equaledge needs additional facilities to support and conduct transactions. They partnered with payment service providers to work with numerous banks worldwide, including central tier-one banks such as Barclays, HSBC & Deutsche Bank. Rest assured, the security of Clients’ funds, alongside Execution and Customer support, forms the essential focus of Equaledge’s activity.
|TEST ACCOUNT||STANDARD ACCOUNT||PRO ACCOUNT||VIP ACCOUNT|
|ACCOUNT CURRENCY||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP|
|SPREAD, PIPS||Fixed||Fixed & Floating, Variable||Fixed & Floating, Variable||Fixed & Floating, Variable|
(NUMBER OF MARKS
|5 marks||5 marks||5 marks||5 marks|
|MAX. TRADE SIZE||10 lots||40 lots||50 lots||100 lots|
|MARGIN CALL LEVEL||40%||40%||40%||40%|
|STOP OUT LEVEL||30%||30%||30%||30%|
|TRADING PLATFORM||all devices||all devices||all devices||all devices|
|CUSTOMER SUPPORT||24/5 support||24/5 support||24/5 support||24/7 support|
Equaledge’s professional multilingual customer support team is ready to assist you and provide an incomparable trading experience. I found out that they can be contacted via any of the following contact channels: telephone and email. I also found the support team to respond quickly and politely. though i would suggest to open additional means of communication like a chat or webform.
Customer service is available 24/5, which is great as it means that you can get around-the-clock support wherever you are based in the world. I would’ve preferred if they were available on weekends as this is when most traders are known to ask questions.
at this time we could not find any Social media presence for this brand but is likely to change in the future!
The Broker provides clients various flexible deposit or withdrawals methods and multiple base currency options. You are allowed to deposit and withdraw funds using any of the following payment methods:
- Bank Transfers
- Credit/Debit cards
The time taken to process transactions may vary depending on the payment method used. Some payments can be instant, whereas others may take a few business days to clear. With the most advanced payment system, they aim to process 85% of withdrawal requests in less than 10 minutes. This is great because sometimes I need access to funds to take advantage of a market move before it is too late.
Some payment systems may have transaction limits, restrictions and requirements, indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries, as I had to do it too. They strictly do not accept third-party payments. All funds deposited into your trading account must be under the same name as yours.
Equaledge Review Conclusion
Equaledge is a multi-asset brokerage firm that operates from Kingstown, St. Vincent and the Grenadines. They allow you to trade a reasonable range of financial instruments via the sophisticated and user-friendly trading platform while providing the right resources and trading conditions to ensure a seamless trading process. This includes tight spreads, fast execution speeds, low commission fees and flexible funding options.
I don’t believe they’re offering anything out of the ordinary. The Broker also provides an excellent range of trading resources to enhance the overall trading experience. Their trading platform is fast and easy to understand. Overall this is a nice brokerage that is still somewhat on the smaller side allowing it to provide premium service to all its clients.