When you see a brokerage claiming to be regulated in Saint Vincent and Grenadines, you know from the start what to expect. But we want our readers to learn how to recognize scam signs from a mile away before even they check for regulatory oversight.
The key details are literally in front of you the whole time. Therefore, to learn where to look for clues, read his Equity CFDS review until the end. Also, don’t miss useful tips from our comprehensive Pretraders review.
| Regulated By: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings From: | N/A |
| Registered In: | Saint Vincent and Grenadines |
| Operating Since: | 2023 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | Not available |
| Trading Assets: | Cryptos, forex, indices, shares, commodities |
| Free Demo Account: | Not Available |
| How To Withdraw From This Company? | With fake licenses presented and hidden trading conditions, it’s hardly believable that traders can get withdrawals with this brokerage. For refund assistance feel free to reach out to our refund experts anytime. |
Legal Info: Is Equity CFDS Legit Or A Scam?
The first sign of an investment scam is hidden legal information. But fairly, the company’s contact information couldn’t be trusted either since they presented us with a UK phone number. Nevertheless, the company claims to be regulated by the Financial Services Authority (FSA) of SVG with a number 1379 LLC 2021.
Thus, in their database, there are no records of this number or any legal names connected to Equity CFDS. With these lies, you can’t expect this firm to have any top-tier licenses like FCA, BaFin, ASIC, or CFTC. Indeed, they don’t have them. Consequently, the company’s statement about segregated bank accounts for deposits falls down the drain.
Who Are Equity CFDS’s Victims?
To find out what are primary targets of this broker we had to run website analytics. After all, there are no Equity CFDS reviews available to help us there. It appears the company’s registration details indicate the company was founded in 2021. Thus, the company’s domain age shows 2023 instead. In any case, they are targeting a few quite often targeted countries. Starting with:
- United Kingdom
- Australia
- United States
Even if the broker was regulated by the FSA by some magic, they wouldn’t be authorized to operate in these countries. Similar to GCXcrypto trading firm. But if any of these got your money, contact us as soon as possible for refund advice.
Leverage, Commissions, Spreads, Fees and Taxes
One of the problems with Equity CFDS trading firms is non-transparent trading costs. Even though they advertise discounts on spreads and swaps, that’s irrelevant if these costs are extremely high in general. On top of that, the company doesn’t reveal details about leverage which is most likely way above regulated standard.
Bonuses
One of the rarely positive details about opening an Equity CFDS account is that bonuses are not available. Or at least the company doesn’t reveal transparently any details about them. In any case, we strongly advise you not to accept bonuses with any unregulated brokers. You may regret it later.
Equity CFDS Trading Features
The only advertised benefit for traders appears to be lightning-fast execution. Thus, with their bogus lies about everything, we can hardly trust them about this. In any case, if you are interested in copy trading, social trading, EAs, or anything similar, skip this broker.
Trading Platforms Available
The promoted Equity CFDS platform appears to be highly popular Meta Trader 4. Thus, if that was the option at all, the company would offer transparent download options. Yet, there are none. But what’s surprising is that you can’t even sign up with a broker to check it. Therefore, you can only expect a basic web trader once you somehow get on board with this company.
Available Trading Assets
Another non-transparent detail with this company is the instruments offer. Again, without access to the platform we can only trust this broker on their word. If we do so, we can expect assets like:
- Forex – GBP/EUR, USD/JPY
- Commodities – natural gas, crude oil
- Shares – Amazon, Alibaba
- Indices – DAX30, FTSE100
- Cryptos – LTC, XRM
Account Types
To find out if is Equity CFDS legit, you just have to check their account types. Every account offers more fake benefits in exchange for progressively higher deposits. Starting with the mentioned discounts for fees, market reviews, access to all assets, and free withdrawals. In reality, none of these features truly exist. Anyway, the offer consists of:
- Basic – $250
- Gold – $25.000
- Platinum – $50.000
- VIP – $150.000
- Diamond – $250.000
Mobile Trading App
One more reason to expect Equity CFDS complaints is missing trusted mobile apps. Without these, traders who prefer trading on the go can only expect trouble. Most likely, the web-based platform is not even optimized for such trading.
Demo Account
If the company truly offered MT4, a demo account would most likely be available. After all, if you check any top-tier licensed broker with this software you will find a demo account. So, why not stick with trusted firms in the first place?
Education
To avoid trading scams in the future, we always advise traders to educate themselves. But not with the wrong brokers. Again, the key is hidden in regulated ones. To make everything even worse, Equity CFDS doesn’t offer any educational programs whatsoever.
Equity CFDS Withdrawal
Considering zero transparency about withdrawal fees and processing time, you can surely expect problems there. Apparently, some accounts offer up to 4 free withdrawals per month. Thus, with all the bogus lies about everything, we highly doubt it. If you have any trouble withdrawing money from this broker, jump right to Equity CFDS Trustpilot comments and let other traders know.
Customer Support
Indeed, the company might be registered in SVG however, they don’t reveal where they operate from. Based on the phone number provided, it’s the UK. Yet, we don’t bite it. Besides this potentially irrelevant phone number, you can reach them via e-mail. Or at least test your luck since working hours are not disclosed anywhere.
Key Information To Consider About Equity CFDS?
In the first place, traders have to remember the company lies about regulatory oversight. Secondly, they mislead traders about trading platforms. Lastly, and most importantly, withdrawal procedures practically don’t exist. All in all, too many reasons to avoid them. But we understand if you get lured through quick money marketing campaigns.
The critical question is what are you going to do about it? Would you apply for a refund if you know how to? Fairly, you shouldn’t let these swindlers slip away with your money. So, if you opt to recover your money, contact us for a free first refund consultation.
FAQ Section
What is Equity CFDS?
Equity CFDS is an offshore broker registered in Saint Vincent and Grenadines in 2023 and not 2021 as they claim.
Is Equity CFDS Legit?
No. Equity CFDS scam broker misleads traders about regulation in SVG. If you were depositing money with them, we suggest you reach us for a free refund consultation immediately.
Who Owns Equity CFDS?
Equity CFDS ownership is not revealed in the company’s T&Cs or website. Neither can they be found in FSASVG registers.
Source:
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