EqualFX Review

About EqualFX

EqualFX is incorporated in Saint Vincent and the Grenadines, with its registered office at Suite 244, Beachmont Business Centre, Kingstown, St. Vincent and the Grenadines, as stated on its official contact page .

EqualFX offers a single VIP account type featuring RAW spreads with no markup, available for all traders regardless of deposit size. The minimum deposit required is $200 or €200 (or equivalent), whereas for certain assets like stocks, shares, and indices, a recommended minimum of $2 000 or €2 000 is advised .

Trading instruments are offered across six asset classes, including CFDs on forex, indices, cryptos, metals, commodities, and shares. The broker uses STP/ECN technology and operates as a No Dealing Desk (NDD) broker. Commission charges are: USD 5 per round‑turn lot for FX pairs, indices, cryptos, metals, and commodities; USD 0.08 per share for shares CFDs. Leverage and margin requirements vary: forex margin required is 0.2% (equivalent to 1:500 leverage), precious metals, stocks, and shares require 1% margin (1:100 leverage), indices and commodities need 2% margin (1:50 leverage), and for Bitcoin CFDs, margin is 10% (1:10 leverage) .

Pros and cons

Pros

• RAW spreads with no markup on a single VIP account.
• Negative Balance Protection and segregated client funds reportedly provided .
• Wide range of asset classes across six categories.

Cons

• No regulation or licensing information provided on the website, and incorporation in Saint Vincent and the Grenadines provides no financial regulatory oversight.
• High minimum recommendation for certain assets (e.g. $2 000 for indices or stocks) may be restrictive for smaller investors.