Equitorial Finance (or Equitorial Finance Market) is a brokerage that offers contract-for-difference (CFD) trading services. Its official website, equitorialfinance.com, was registered on February 2, 2024. The platform claims to provide investors with diversified CFD trading across financial markets, including forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Corporate Services
Account Opening Process
When opening an account on the Equitorial Finance website, users need to click either "START LIVE TRADING" or the "SIGNUP" button in the upper right corner of the page. However, testing has shown that these links do not redirect properly to the account application page, making it impossible for users to complete the account opening process.
Investment Plans
Equitorial Finance offers four investment plans: Basic, Silver, Premium, and VIP. These plans correspond to different investment amounts and expected returns (ROI):
Basic
- Investment amount: $1,000 - $10,000
- ROI: 5% within 10 days
- Copy Trading: Allows copying operations of novice traders
Silver
- Investment amount: $10,000 - $50,000
- ROI: 7% within 10 days
- Copy Trading: Allows copying strategies of professional traders
Premium
- Investment amount: $50,000 - $150,000
- ROI: 10% within 10 days
- Copy Trading: Allows copying strategies of expert traders
VIP
- Investment amount: Above $150,000
- ROI: 15% within 3 days
- Copy Trading: Supports copying expert traders' strategies
Note: Traderknows reminds investors that financial markets are volatile, high short-term returns often do not align with regular market operations, and sustained high returns cannot be guaranteed.
Trading Platform
According to its website, Equitorial Finance claims to offer proprietary trading tools such as WebTrader, Equitorial FinanceTrade, Equitorial FinanceSocial, Equitorial FinanceOptions, and MetaTrader 4/5 trading platforms.
However, users can only access the web-based trading system through the broker's website. No download links for any trading software are provided on the site. Additionally, no information about this broker can be found on MetaTrader 4/5 platforms.
Deposit and Withdrawal Methods
The platform supports deposits via cryptocurrency, and withdrawal methods include e-wallets/cryptocurrency, credit/debit cards, and bank wire transfers.
Social Media and Contact Information
The Equitorial Finance website displays icons for Facebook, Instagram, and Twitter. However, these icons are just images and do not contain links to actual social media pages.
Additionally, users can contact the broker for customer support via phone, email, WhatsApp, Telegram, and the online form on the website.
Company Background and Regulation
Company Background
Equitorial Finance claims to have been established in 2009 and headquartered in the UK. It describes itself as an STP and ECN broker with authorization and regulation in multiple jurisdictions. The website indicates the following regulatory information for entities registered in different jurisdictions:
- Equitorial Finance (SC) Ltd.: Registered in Seychelles, registration number 8423606-1, regulated by the Financial Services Authority (FSA), license number SD025.
- Equitorial Finance B.V.: Registered in Curacao, registration number 148698(0), regulated by the Central Bank of Curacao and Sint Maarten (CBCS), license number 0003LSI.
- Equitorial Finance (VG) Ltd.: Registered in the British Virgin Islands, regulated by the Financial Services Commission (FSC) of the British Virgin Islands, registration number 2032226, investment business license number SIBA/L/20/1133.
- Equitorial Finance ZA (PTY) Ltd.: Registered in South Africa, authorized by the Financial Sector Conduct Authority (FSCA) of South Africa, registration number 2020/234138/07, Financial Services Provider number 51024.
- UK entity: Registration number 10676007, with no specific company name disclosed.
Regulation Verification
Upon verification, the Companies House in the UK shows that the company registered under number 10676007 is EQUATORIAL RESOURCES (UK) LIMITED, which is not authorized by the Financial Conduct Authority (FCA) of the UK.
Further investigation reveals that the regulatory information listed by Equitorial Finance actually belongs to another broker, "Exness." The platform has copied Exness's regulatory information to mislead investors.
Additionally, there are other broker websites on the internet that closely resemble the content and design of the Equitorial Finance site, such as Golden Pawn Trades Market, Reflex Options and 247TRADING TARGETS.
Conclusion
Traderknows advises investors that Equitorial Finance is not regulated by any valid authorities, and the provided regulatory information has been copied from other legitimate brokers. Investors should exercise caution when choosing a trading platform, prioritizing those that are legally regulated and transparent to prevent financial losses and reduce investment risks.
