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post Review: Offshore Regulation Lets Unscrupulous Practises Slide

Equiity com Review

Experience, flexibility and reliability are claimed to be the most notable advantages of the broker over their competition. The website assures you that you will be able to trade with a piece of mind thanks to their advanced and safe software solution and the wide range of most exotic and most popular instruments in one place.  

Even if it was so, we’re reluctant to believe what an offshore company with loose regulatory oversight claims. How good is this offer indeed and how trustworthy is the firm advertising it is what this review is all about.

General information
Name Equiity/ MRL Investments Ltd
Type of the company Broker
Regulation status Regulated/Offshore
Warnings from Financial Regulators No official warnings
Website link
Active since 2016
Registered in Mauritius
Contact info Phones, email
Trading platforms Web trader
Majority of clients are from United Arab Emirates, Romania, Cyprus, Kuwait
Customer support Yes (phone, email, online chat, contact form)
Compensation fund No Regulation: Is an Offshore License Enough?

The brokerage website is owned by MRL Investments (MU) Ltd, which is duly registered in Mauritius by FSC with the license number GB21027168. The date when the license was issued is the beginning of 2022. 

Although properly registered in their jurisdiction, the firm doesn’t own any Tier 1 license, which would allow it to offer their services in the more developed nations. It turns out that they do so, anyway.

Furthermore, the weak offshore license is not demanding enough and the general legislation cannot compare to the strict conditions imposed by leading financial authorities like FCA, ASIC, NFA, BaFin. The absence of strict regulatory standards allows users to trade safer, ask for compensation and control the trading risks better. 

After careful revision Betafinance seems to be operating just as risky and has the goal of defrauding customers, so make sure you choose your trading environment only if it matches your security expectations.

User Review: Who Speaks the Truth?

There weren’t many online comments about broker at the time we wrote this article. While the ratings on TrustPilot are positive, we’ve noticed telltale signs that review seller networks are involved in the whole scheme. Our suspicions were raised by the fact that all of the positive comments were posted in a matter of only 2 weeks.

The negative reviews mention some of the known fraudulent strategies, like quick overnight profits and denied withdrawals. To top it all off, the users who are critical of the platform talk about being urged to make up-front payments to cover some hidden fees.

How the Firm Reaches End Users

This firm is present all over the web, as they use social networks profiles on Facebook, Instagram, X and LinkedIn. On these profiles, the operators of the fraud heavily downplay the risks inherent with trading in volatile markets.

They make it seem like profiting from these investments is a breeze, and completely disregard the fact that the vast majority of investors lose money using these sorts of services. You won’t see that sort of conduct with reputable firms like eToro, for instance.

If you’re a talented trader looking for a Forex proprietary trading platform, why don’t you have a look at one of our offers? With our funding program, you can be allotted as much as $180,000 to launch your career!

Rudimentary Web Terminal

We can’t exactly claim this simplistic software to be the worst one we’ve encountered. After all, it bears some basic functionality and the interface itself is quite comprehensive. 

However, it is definitely something that cannot compare, even remotely, to the most advanced technological solutions. It lacks reliability, flexibility and complex features that allow detailed analysis and market tracking. 

For example, MT5 and cTrader, being currently the most preferred trading platforms, can justify their popularity with the amount of indicators, analytical tools, timeframes and other progressive features. 

Account Comparison

The generically named account types do not feature precise pricing. So you won’t exactly know how much is expected of you to invest into each of them. That’s not at all strange, considering that offshore online trading platforms aren’t obligated to full transparency.

What we can say about these three packages is that each features different discounts on spreads, whatever that means. Nothing else notable could be said about these feature bundles, as next to nothing is revealed. The same goes for the costs.

These are the accounts offered:

  • Silver
  • Gold
  • Platinum
  • Islamic

Tricky Trading Terms and Other Costs

The maximum leverage allowed on this terminal reaches 1:200, which is multiple times higher than the safe limitations forced by more influential regulators. Note that all EEA reputable brokerages cannot offer higher exposure than 1:30, due to risk-reduction legislation. 

While trading fees remain unknown, there’s a specter of other fees and charges every account owner is obligated to pay. For example there’s dormancy fees that range from $60 to $500, transaction fees and handling fees which are 3% plus 0.25 cents fee per deposit.

Administration fee is equal to 10% of the deposited funds and it is charged instantly upon investing. Even applying for an account costs $50!

Range of Markets

While the markets seem diverse at first glance, the company does not offer a wide selection of individual instruments. That said, asset tables are present and the broker mentions that they will add a particular instrument to the selection per client demand.

Here are some of the assets that are available:

  • Cryptocurrency CFDs – BTC/USD, ETH/USD, XRP/USD, ADA/USD
  • Stocks CFDs – Amazon, Facebook, Microsoft, Tesla
  • Commodities CFDs – Brent, CL, Natural Gas
  • Metals CFDs – Silver, Gold, Palladium, Platinum
  • Indices CFDs – Nasdaq, S&P, Dow Jones, DAX

Unsafe Transfers

The company doesn’t disclose which payment methods are available for deposits and withdrawals. Now that we know that all transfer fees are abnormally high, you should seriously consider trying out our safer suggestion, or a properly regulated broker like eToro, for example. 

While the site does list some famous and popular payment channels such as credit cards and e-wallets, none of the info is verifiable.

The eerie secrecy around fees and payment processing is concerning to say the least. Nothing the broker reveals gives space for prediction and you won’t know what to expect.

Why is Funded Trading Better

No matter how good an offer seems, if the company doesn’t have solid legal backing, it’s almost certainly a financial scam. Investing with these sorts of entities carries more risk than just financial loss.

Why take the risk? If you’re looking for a way to efficiently advance your trading portfolio, we’re happy to announce our funded trading program.

We are willing to offer as much as $180,000 to talented traders who show they’ve got what it takes to excel in the global markets! Feel free to book a free zoom interview using a tool on our website when you’re ready.


What is Equiity?

This is an offshore online trading brand with a FSC (Mauritius) license.

Is Equiity a Legit Broker?

Yes, but only partially because they’re only supervized by a weak offshore regulatory framework.

Can I Withdraw My Profit From My Equiity Account?

Many of the users have already complained that their withdrawal requests were denied. Don’t risk it- see our prop trading offer to start a successful career.

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