Equithy-global.com is yet another suspicious brokerage firm that promises clients a glimpse into the future of trading. It claims that experienced brokers, developers, and managers are preparing for this future. According to their narrative, traders can expect the best trading platform and a unique set of conditions. From our perspective, the only thing this platform can provide is a complete loss of invested funds. That’s what we will try to explain in our review.
General Info
Overview of Equithy Global
Where does an evaluation of a broker begin? Of course, with the examination of the information presented on its official website. Get ready, we are starting to get acquaintedy. It might be interesting.
Broker History
Back in Ancient Greece… Sorry, this isn’t about Equithy Global, although it was inspired by its logo. In reality, neither we nor, it seems, its owners themselves have anything to say about the project’s history.
Such a conclusion is drawn when there is not a word on the site about a date of establishment, stages of the company’s development, its achievements, and awards. Well, let’s put it this way – anonymous founders haven’t made any outstanding marks.
Equithy-Global.com Website
The official website is striking at first glance. Truly, we haven’t seen such a useless homepage in a long time. Developers have managed to make its informativeness absolutely zero. The only element that deserves attention here is an “Open An Account” button on a banner. Visitors can do perfectly fine without everything else (except, of course, the header and footer).
The other pages are no better. It’s interesting. Do creators really think that a trader comes to the broker’s official site to read a glossary or watch videos about cryptocurrency banking?
However, there are a couple of pages with genuinely important information, such as:
- My Account, which provides information about tariffs and at least some trading conditions.
- Contact Us, where you can find contact information.
Is the Trading Platform Convenient?
Another peculiarity of this unusual (let’s call it that) brokerage firm is the ability to download and explore a trading platform even without registration and authorization. We’ll leave security issues to the conscience and share our impressions of the terminal.
It looks quite attractive. However, functionality and quality raise many complaints:
- One window of price charts opens in the workspace.
- Chart and platform settings, in general, are not saved, and traders have to start a new session with their restoration.
- The terminal disconnects every 10 minutes, after which the platform goes through a reload (page refresh).
Working with such software is, firstly, inconvenient, and secondly, unprofitable. All these bugs prevent traders from reacting promptly to changes in market conditions. As a result, clients either miss out on profits or incur direct losses on open positions.
Is Equithy-Global.com Trustworthy and Reliable?
Well, arguments in favor of the fact that we are dealing with not a legitimate broker but a fraudulent online project are growing. And we haven’t even seen the main information about the company yet. It’s time to take a look.
Is the Broker Truly Legitimate?
The only hint of where to look for the company’s legal residence is in the text of Terms & Conditions. In “Governing Law” section, the content managers mention the exclusive jurisdiction of courts of saint vincent and the grenadines (written exactly like that).
However, a check in SVGFSA’s registry, which registers all financial services, showed zero results. Consequently, the project has not been registered in Saint Vincent and the Grenadines or anywhere else, for that matter. Naturally, trying to find licenses for a non-existent organization would be futile.
Can the Broker’s Track Record Be Trusted?
To complete a picture, it remains to check the domain age via whois service. Here, there were no surprises: it was registered on March 2, 2023. This means that Equithy Global has been around for 5 months, and there is no talk of any reputable platform with a huge client base.
However, the project’s creators didn’t forget about the services of CloudFlare hosting. Another typical step for scammers who carefully conceal any information about themselves. Note that the owners have rebranded the platform and changed its domain to equithy-global.com.
Analysis of Services Offered by Equithy Global
The contentless web pages, the inaccessible personal account, and the not-so-great trading platform didn’t leave a very pleasant impression from first encounter with the broker. However, we didn’t expect much more from a scam project. Let’s continue our review with information about offerings for traders.
Are Funding and Withdrawals Secure?
On “FAQ” page, Equithy Global lists some payment methods used for depositing and withdrawing funds. These include:
- Bank transfers.
- Credit card transactions.
- Electronic payments.
- Cryptocurrency transfers.
However, judging by a video in “Banking on Blockchain” section, the option that seems to be genuinely available to the broker’s clients is using cryptocurrencies. Creators present the benefits of digital assets quite aggressively.
This kind of option was to be expected. For scammers like Equithy Global, this is almost the only way to hide their payment details from regulatory authorities.
Are the Trading Conditions Transparent and Fair?
There are 5 tariff plans developed for trading on the platform:
- Basic.
- Silver.
- Gold.
- Platinum.
- VIP.
By the way, in the footer menu, there are 6 of them, and they have completely different names, but links consistently lead to the same page with types of accounts. It seems that a template from another fraudulent broker was used in development, and developers made not all the necessary changes.
The list of trading conditions for each one is concise. After reviewing tabs, one can conclude that tariffs differ in:
- Minimum deposit, from $200 for Basic to $250k for VIP.
- Leverage, from 1:30 for the initial plan to 1:400 for the highest.
- Spread sizes, which gradually decrease from 1% to 0.2%.
Visitors don’t need to have an understanding of other trading conditions. It seems that Equithy Global believes this: a trader should know how much money to deposit on the platform, and they will figure out the rest as they go along, losing their funds.
Unique Features
The project managed to come up with one truly unique offer – its VIP program. According to its terms, wealthy clients are provided with 3 additional levels:
- The Exclusive Club.
- Wealthy Lifestyle.
- The Ultimate VIP.
As we can see, they differ in the balance amount on the trading account. What advantages each level offers to regular traders isn’t disclosed – only VIP personal managers will inform you about this.
Implications for Traders
We do not recommend registering or transferring money in Equithy Global. The project is an obvious scam, without a license or registration, with unclear trading conditions and hefty appetites for client deposits. There are plenty of more reliable options available online.
Strengths and Weaknesses
- Low minimum deposit. You can start trading with just $200, and such a loss won’t greatly upset a trader.
- Entertaining videos in “Banking on Blockchain” section. There isn’t much useful information, but you can kill about 10 minutes of your time.
- Owners didn’t even attempt to come up with a company backstory.
- No licenses were issued for a organization that doesn’t actually exist.
- It’s hard to lose the smallest deposit. Those who bring more money to scammers need to be very cautious, as leverage on the higher tariffs becomes excessive.
- The trading terminal is clearly designed for losing money. Otherwise, connection interruptions every 10 minutes are inexplicable.
3 Reviews about Equithy Global
Can someone show screenshots of withdrawals? I haven't been able to finish withdrawing for 2 weeks, and support keep saying they're trying to resolve the issue. Has anyone received any money from them? Or is this the fifth scam in my experience?
Don't even think about making money here. The company is fake, and so are the quotes. They just draw numbers in its terminal; they'll add to your account and decrease it when they want. You can't trust these scammers. I know for sure now, as my deposit was burned to zero. Don't send your funds here; trade on the stock exchange instead.
I can't say anything good about this platform. Scammers!!! Managers convinced me to deposit money, and then immediately claimed there was suspicious activity and blocked my account. There were no reasons given!!! These liars simply stole my 10k.
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