Equitas investments claims to be a UK FCA regulated broker, but investigations show it is likely a scam platform. Despite strict financial regulations in developed countries like the UK, fraud remains an issue globally and in Asian markets. Equitas lacks proper company information, its UK parent appears to only have permissions for bonds/insurance rather than forex trading, and client funds may be at risk. Investors should avoid depositing money on Equitas.
Equitas Website Is Not Registered and Local Operator Unknown
The Equitas website equitasfx.com is unregistered, lacking basic company details. The local Chinese operator is unknown, showing a lack of transparency and potential fraud risk for Chinese investors.
Equitas’s Claimed FCA License Does Not Cover Forex Trading
Equitas claims regulation by the FCA under registration number 431065. However, the company at this number, Equitas Investment Services Limited, only has bond and insurance permissions from the FCA, not forex. So client funds are unlikely protected.
Equitas Opened In 2018 With No Evidence Of Real Operations
Equitas appears to be a new platform launched in 2018. New brokers can be higher risk, and the lack of operating history increases fraud potential at Equitas.
In summary, investors should avoid Equitas investments due to its fake FCA regulation claims, lack of transparency, and risk of fraud. Many regulated brokers are available that keep client funds segregated and protected.