Equaledge Information
Equaledge is an unregulated brokerage registered in Saint Vincent and the Grenadines. The range of products offered to traders are mainly Forex, Commodities, Indices, Stocks, Cryptocurrencies. This broker has 5 account types, but the minimum deposit requirement is $5000.
Pros and Cons
Is Equaledge Legit?
It is not currently subject to any regulation and trading is risky. Traders please be careful.
What Can I Trade on Equaledge?
This broker supports trading instruments such as Forex, which can trade various currency pairs, and can also explore hot commodities such as gold, silver, and oil.
The broker says traders can trade indices with minimal investment capital and access stocks from the world's top exchanges. Equaledge also provides you with the most popular cryptocurrencies.
Account Types
Equaledge has 5 ACCOUNT types, namely BASIC ACCOUNT, STANDARD ACCOUNT, GOLD ACCOUNT, PRO ACCOUNT and VIP ACCOUNT.
The main difference between the five accounts is the minimum deposit range, which ranges from $5,000 to more than $250,000. Basic and Standard accounts offer fixed spreads, while Gold, Professional and VIP accounts offer fixed and floating variable spreads.
Their leverage also increases with account level, ranging from 100 to 500. 24/7 support is available for VIP account only, and 24/5 customer support is available for all remaining accounts.
Equaledge Fees
Equaledge Spreads
Equaledge's Basic and Standard accounts offer fixed spreads, while Gold, Prof and VIP accounts offer a more flexible spread structure, including fixed and floating spreads. But the exact spread was not disclosed.
Trading Platform
Deposit and Withdrawal
Equaledge offers five payment methods: VISA, Maestro, Mastercard, BANK TRANSFER and Bitcoin.
It should be mentioned that the minimum deposit threshold of this broker is $5000, which is an astronomical figure for inexperienced novice traders. Such traders are not advised to consider deposits.
Customer Service
Depending on the type of account, it offers 24/5 customer support. Traders can access customer service through phone, email, social media, and physical addresses.
The Bottom Line
The main tradable products Equaledge offers traders are forex, commodities, indices, stocks, cryptocurrencies. The broker has 5 account types to choose from. However, the minimum deposit requirement is $5000 and MT4/5 is not supported. This largely excludes novice traders. A more serious point is that the brokerage is currently unregulated and has no security guarantees.
FAQs
Does Equaledge offer trading platforms?
Yes, it offers a proprietary trading platform, the Equaledge trading platform.
Is Equaledge the investment of choice?
No. Traders should look for a licensed broker with a good rating rather than an unregulated Equaledge.
Is Equaledge good for day trading?
No, Equaledge is not suitable for day trading. It is unregulated, the deposit threshold is high, and does not support MT4/5, and has not disclosed clear spread information, etc. For day trading, there are too many obstacles.
