equaled.co review – What does this broker have to offer?
equaledge is an independent CFD broker. The Forex broker offers traders a secure trading environment. This gives traders the opportunity to trade exclusively online. It provides traders with institutional-grade liquidity from top investment banks globally. The spreads at this Forex broker are very tight, meaning you can use your funds to their fullest.
Although the Forex broker was established recently, it has become trendy among traders.
To better understand everything this broker offers its clients, we have decided to review equaledge and its services.
Could you follow our review and start trading today with equaledge?
The safety of funds – equaledge review
While trading Forex, the safety of your funds should be your top priority. This Forex broker is registered in Saint Vincent and the Grenadines. It has adopted different types of policies to safeguard its clients’ funds. It offers Negative Balance Protection, meaning you can stay safe using higher leverage.
equaledge review shows that the broker keeps its clients’ funds in segregated bank accounts. This is a massive step towards the safety of the client’s funds. Thanks to this, your funds will be kept safe at all times. No matter what goes wrong, even if the broker files for bankruptcy, you can still access your funds.
The Forex broker also follows the KYC customer policy, which is essential in fighting against money laundering.
equaledge KYC Process & AML Process
1. Know Your Customer (“KYC”)
1.1. In compliance with the Money-Laundering Prevention (may also be referred to as “Anti-Money Laundering” or “AML”), all Clients must adhere to their KYC process to verify the identity of each individual and to avoid any financial crime.
You agree to submit the required information and documentation as soon as you register.
1.2. During your registration, equaledge shall require personal information such as your full name, date of birth, complete address, phone number, email, occupation, and financial capabilities.
You acknowledge that you must submit the following documentation to complete our verification procedure:
- Identity Proof (government-issued I.D., driver’s license, passport)
- Residency Proof (bank statement, utility bill, government-issued lease agreement): all must not be older than six months
1.3. You must ensure the submitted copies are clear and eligible and all document corners are visible. By submitting your records, you confirm that the information is accurate, valid, and complete.
Provision of forged documents may result in legal action. Submitted papers must be in JPEG, PNG, or PDF format without password protection.
You can submit your documentation by uploading it to your trading account or sending it to their official email address.
2. Money-Laundering Prevention
2.1. To identify and prevent financial crimes such as security fraud, terrorist financing and proliferation, tax evasion, and other financing activities involving money laundering, you agree to comply with our KYC Process and other verification procedures.
If a client is presumed or proven to be involved in any financial crime, they may restrict or terminate their use of our services, resulting in legal action.
2.2. About this prevention, we reserve the right to record all transactions and activities in your trading account, which may be shared with authorized third parties for reasons that aren’t.
2.3. You agree to follow the imposed transaction limits described in their Terms and Conditions to avoid suspicious financial activities.
2.4. All third-party transactions on behalf of a client require a Power of Attorney (“POA”) subject to our approval. We reserve the right to reject or cancel third-party transactions without prior notice if deemed necessary and may consider such transactions invalid.
What does equaledge offer to traders?
As we have already said, equaledge is a CFD broker. It offers access to hundreds of different trading assets, including:
- Currency Pairs
- Cryptocurrencies
- Metals
- Indices
- Shares
- Energies
This company primarily focuses on Forex trading. It should not come as a surprise, however. Forex trading is the biggest financial market globally. This Forex broker offers access to every type of currency pair, including Majors, Minors, and Exotics.
Trading conditions of equaledge
The Forex broker offers similar accounts in five different forms. . As a beginner, you can start using BASIC and Standard accounts and slowly move to a Gold Account. A Pro account was created for the most experienced traders, giving you access to 55 currency pairs. The recommended minimum deposit for a Basic account is $5000.
equaledge broker review shows that this company offers traders access to the market through the easy tech trading platform. This is one of the most popular trading platforms globally. The Forex broker also offers trading through mobile phones with the help of applications created for iOS and Android devices.
| BASIC ACCOUNT | STANDARD ACCOUNT | GOLD ACCOUNT | PRO ACCOUNT | VIP ACCOUNT | |
|---|---|---|---|---|---|
| MINIMUM DEPOSIT | $5,000 | $10,000 | $25,000 | $100,000 | $250,000+ |
| ORDER EXECUTION | Instant | Instant | Instant | Instant | Instant |
| ACCOUNT CURRENCY | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP | USD, EUR, GBP |
| ACCOUNT MANAGER | yes | yes | yes | yes | yes |
| SPREAD, PIPS | Fixed | Fixed | Fixed & Floating, Variable | Fixed & Floating, Variable | Fixed & Floating, Variable |
| QUOTATION (NUMBER OF MARKS AFTER POINT) |
5 marks | 5 marks | 5 marks | 5 marks | 5 marks |
| LEVERAGE | 100 | 100 | 200 | 500 | 500 |
| MAX. TRADE SIZE | 10 lots | 20 lots | 40 lots | 50 lots | 100 lots |
| REQUOTES | None | None | None | None | None |
| MARGIN CALL LEVEL | 40% | 40% | 40% | 40% | 40% |
| STOP OUT LEVEL | 30% | 30% | 30% | 30% | 30% |
| TRADING PLATFORM | all devices | all devices | all devices | all devices | all devices |
| CUSTOMER SUPPORT | 24/5 support | 24/5 support | 24/5 support | 24/5 support | 24/7 support |
Should you use equaledge?
After reviewing the services of equaledge, we can recommend this Forex broker to our readers. The Forex broker offers access to hundreds of trading assets, allowing you to diversify your portfolio quickly.
With various trading accounts, anyone can find something they like at an equal broker.
Conclusion equaledge Review
equaledge is a new brokerage. They offer a solid trading platform that packs robust charting solutions and is extremely easy to use while being very powerful. They are a bit more expensive to start with, but at the same time, one should recognize that if you take trading seriously, $100 will not give you anything. The range of markets and what they offer is good, and you can change almost everything you want.
Overall, the security is up to par, and you will find that their due diligence is equal to most European-regulated brokers; in short, it is too early to tell. We advise everyone to do their due diligence, but the brokerage looks solid and is a good partner for traders to further their trading.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. Concerning margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that these products’ methods, techniques, or indicators will be profitable or will not result in losses.