EQ Markets Review

About EQ Markets

EQ Markets (also referred to as EQ Markets Global, domains eqmarketsglobal.com and eqmarkets.com) operates without any recognised financial regulation; it is not authorised by any regulator such as FCA, CySEC or ASIC. The broker’s previous membership with the Hong Kong‑based Financial Commission (Finacom) was permanently revoked: the Financial Commission expelled EQ Markets Ltd effective March 7, 2017, following failure to abide by dispute resolution rulings, and emergency compensation was provided to two affected clients under Finacom’s Compensation Fund (). Subsequent independent reviews affirm its unregulated status and express concerns about safety of client funds and transparency ().

Available trading conditions (from dated but referenced sources) include a minimum deposit reportedly set at USD 10 000 for a standard account, with fixed spreads (approximately 1.8 pips), leverage up to 1:400 (with VIP tier possibly up to 1:500), and access to MetaTrader 4 platform, operating in an STP model covering forex, commodities, indices and bonds (). Another overview (for “EQ Markets Global”) cites minimum deposit USD 500, leverage up to 1:500, and spreads around 1.6 pips, plus use of both MT4 and MT5 ().

Pros and cons

Pros

• Provides access to MetaTrader 4 (and MT5 according to some sources) platforms, commonly used in forex trading.
• Offers relatively high leverage (up to 1:400 or 1:500 depending on account type).

Cons

• Completely unregulated; previously expelled from Finacom for failing to comply with client compensation rulings ().
• Conflict in reported minimum deposit (USD 10 000 vs USD 500) and differing trade conditions across sources.
• No investor protection, no guarantee of fund security, transparency concerns.