Equithy Review: Risky Conditions, Warnings, and Zero Trust Score

Equithy Review

If you haven’t researched a broker so far, now is the time for detailed analysis. In the first place, we are checking the company’s legal name and address. However, Equithy broker didn’t think that was relevant, and they didn’t provide such information on its website.

Therefore, before we even started, you could already smell fraud. But it’s good to get more clues before making a conclusion. That’s why we encourage you to read our unbiased Equithy review carefully.

Company type Active Forex and CFD trading scam
Legal name N/A
Regulation Unregulated
Registered in N/A
Established 2023
Website https://equithy.com/
Financial Authorities Warnings Yes – CSA, MSC
Contacts E-mail; phone; web contact form
If a withdrawal is possible Highly unlikely
Fees Spreads from 0.2%
If Active on Social Media: No
Investor Protection: None
Activity areas Canada, United Kingdom, Israel, United States, Egypt
Main threats No regulations; untrusted trading software; unclear trading fees;
Main perks None

Proof That Equithy Broker Is a Scam?

The first thing you should always check with any investment company is if it’s regulated. In the case of this broker, it’s hard to determine what jurisdiction they belong to. Primarily because of zero transparency about ownership and addresses. Yet, if you check any Tier 1 regulatory register, you won’t find any details about this trading name. 

Instead, while searching for the company’s license, we found multiple warnings. Primarily issued by the Manitoba Securities Commission (MSC). Their warning was later published by the CSA (Canada) as well. There it is, proof of Equithy’s fraudulent activities.

What Are Traders Saying About This Firm?

If we are going to trust the company’s reviews, we would think this is the best brokerage out there. However, after the warnings from trusted authorities, it’s hard to believe any of those reviews are real.

That’s a sign for you to realize how far scam companies are ready to go. All in all, Equithy trading company is just trying to mislead traders into believing they are trusted and legitimate.

Trading Platforms Avaialble

One of the key problems with this unauthorized brokerage is its trading software. Instead of trusted third-party options like cTrader or Meta Trader, they choose a web-based platform. In general, such a platform doesn’t include any of the advanced features, such as social and copy trading, Expert Advisors, or AI tools.

On top of that, such platforms don’t have dedicated iOS and Android mobile apps. Yet, the biggest problem with web traders is that the company can present traders with fictive information. Understandably, with unregulated companies. All with one goal: to make them deposit more money. The situation is the same with DaxGlobe investment company, so be aware of it.

What Account Types Traders Can Choose?

If you look better at the company’s accounts, you will see they offer only basic trading features, regardless of the money deposited. Also, it’s very easy to understand they are just up for your money and not the experience.

In any case, the proof they are a scam company is also their leverage of up to 1:400 they are offering. Yet, all companies regulated by trusted regulators can offer a maximum of up to 1:50/1:30. Nevertheless, the options are: 

  • Basic – $250
  • Silver – $10.000
  • Gold – $50.000
  • Platinum – $100.000
  • VIP – $250.000

Also, the VIP program can be extended to Wealthy Lifestyle for a $500.000 deposit and Ultimate VIP with a $1M deposit. However, the Ultimate VIP program is only for invited users.

Bonus Offers and Shady Policy

The problem with unregulated exchanges is a very shady bonus policy. This company doesn’t reveal how big a bonus you can get. Thus, their bonus policy reveals they will definitely scam you.

To get any bonus or profits gained with bonuses out, you have to reach a contract threshold of 20.000 times the amount of the bonus. Practically, that’s impossible with scam brokerages. But the key is, who decides what profits are generated with bonuses? Only this scam broker!

Are Withdrawals Possible With Equithy Broker?

Since the only funding method is crypto and this broker is not licensed, you can forget about withdrawals. All funds you are transferring go straight into their pockets. But if you want to withdraw those, you will need to go through a nightmare called KYC and AML laws.

While you are providing all the necessary documentation, the company is trying to figure out a reason not to approve the withdrawal. Apparently, there are no withdrawal fees included in the withdrawal request.

But to get the approval or denial, you’ll have to wait between 7 and 10 business days. In general, there are too many ways to trick customers, especially with non-existent fees and taxes. But to see how to avoid those, check our EuropeFX review.

How Can I Make Money While Trading Online?

The key to safe trading nowadays is to trade with transparent and regulated companies. But also, safety means nothing if you are not profitable. Therefore, choosing the right tools and software can make a huge difference. That’s why we empower traders to try AI options that are highly popular these days. For instance, you can try AI Analysis Tool and see all the benefits of top-notch market analysis.

In general, the point of this tool is to save you time learning all the fundamentals. The idea is to get the market forecast with minimum effort, and that’s exactly what you get with AI Analysis Tool. But to see how it all works, we suggest you contact our team and discover all the benefits.

We know traders are sick of manipulative software and pressure from boiler room agents. Instead, take your future into your own hands with AI Analysis Tool today!

FAQ Section

What is Equithy?

Equithy is an FX and CFD brokerage that has been operating as an unregulated company from an unknown location since 2023.

Is Equithy a Legit Brokerage Company?

Not at all. The company is firstly not regulated by any authority and on top of that, there are warnings from regulators issued against them.

How to Withdraw Profits from my Equithy Account?

Unfortunately, the only withdrawal method is crypto and processing time takes up to 10 business days. There’s a high chance you will need to apply for a refund.

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