Equinox Markets Review: Equinox Markets scam victims can file a complaint here!
Presenting itself as a prestigious international FX and CFD broker, Equinox Markets has over 16 years of experience and claims to have offices across the UK, the US, and numerous Asian nations. However, a more thorough investigation into Equinoxmarkets.com reveals a different reality and raises serious concerns regarding its regulatory status and legitimacy. The purpose of this Equinox Markets review is to expose any inconsistencies and possible risks related to Equinox Markets.
Equinox Markets Website – https://equinoxmarkets.com/
Address –
- Covent Garden, London, United Kingdom, WC2H 9JQ
- Beachmont, Kingstown, Saint Vincent and the Grenadines
Warning – Not recommended by review website like Enverra Capital
Domain Age –
- Registry Domain ID: 2517841947_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.namecheap.com
- Domain Name: EQUINOXMARKETS.COM
- Registrar URL: http://www.namecheap.com
- Updated Date: 2022-10-14T10:31:02Z
- Creation Date: 2020-04-23T07:21:39Z
- Registry Expiry Date: 2028-04-23T07:21:39Z
The Claims vs. Reality
With claimed licenses and regulations from significant financial hubs, Equinox Markets presents itself as a trustworthy broker. The company lists St. Vincent and Grenadines and Seychelles as its home jurisdictions and states that it is owned by Equinox Markets Limited and is licensed in the US and registered in the UK. Equinox Markets’ actual origins and regulatory status are called into question by such conflicting facts.
Equinox Markets is not registered with the Financial Conduct Authority (FCA) of the UK or any other legitimate regulating authority, despite these outrageous claims. The FCA would have to be followed if they were formed under British legislation. In the same way, they are not registered with the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC), which is a requirement for conducting business legitimately in the US. Given that the Seychelles and St. Vincent and Grenadines are recognized for having weak regulatory control, the claimed offshore licenses in these countries have no true legitimacy.
Unregulated and Anonymous
The broker’s unregulated position is one of the main issues raised in this Equinox Markets review. The uncertainty around their actual presence and the lack of information regarding their regulatory status all add to the uneasiness.
Equinoxmarkets.com states in its terms and conditions that trading incentives may be awarded; however, they are dependent upon secret and flexible restrictions. The uncertainty and the broker’s power to change the terms at any time are warning signs of possible fraud, in which the broker can force traders to comply with unreasonable restrictions that limit withdrawals or other essential activities.
Trading Platform and Leverage
With its extensive feature set and simple user interface, the MetaTrader4 platform is well-liked by traders and is provided by Equinox Markets. The broker’s questionable credibility is not made up for, though, by the platform’s availability. Significant risks are involved when trading on MetaTrader4 with an unregulated broker such as Equinox Markets.
High leverage ratios of up to 1:500 are advertised by the broker, which may appeal to traders seeking significant profits. On the other hand, questionable brokers who want to attract customers without providing enough risk warnings also frequently use leverage this high.
Equinox Markets Review – Conclusion
This Equinox Markets review shows several warning signs that traders need to be aware of. The broker makes false and deceptive promises about being a licensed and experienced company. The possible dangers of dealing with Equinox Markets are highlighted by the absence of valid licenses and unclear jurisdictional claims. The unclear terms and conditions about bonuses and other trading features further raise the possibility of misconduct.
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