Equinox Markets Review – Regulators Warn Against This Broker Scam
Broker status
|
Offshore |
Regulated by
|
Unlicensed Forex Provider |
Scammers Websites
|
equinoxmarkets.com |
Blacklisted as a Scam by
|
N/A |
Owned by
|
Equinox Markets Limited |
Headquarters Country
|
UK |
Foundation year
|
2020 |
Supported Platforms
|
MT4 |
Minimum Deposit
|
$1000 |
Cryptocurrencies
|
Forex, commodities, indices, shares |
Types of Assets
|
N/A |
Maximum Leverage
|
1:500 |
Free Demo Account
|
Yes |
Are Equinox Markets Regulated Trading Providers?
According to its Terms and Conditions, Equinox Markets claims that it is Equinox Markets Limited (UK) which owns the broker Equinox Markets. We also have an official UK address for our headquarters. Equinox Markets Limited also has an overseas brand registered in Saint Vincent and the Grenadines.
The UK branch is registered for IT consultations, data processing and hosting.
According to the website, Equinox Markets regulations are derived from NFA in the US as well as Canadian FINTRAC. We found nothing after we checked these registers with the UK FCA.
The company is illegally operating, violating ESMA rules and MiFID rules regarding leverage caps. It also doesn’t comply with any regulatory regime.
How safe is Equinox Markets broker?
Equinox Markets is not an authorized financial trading brokerage. Although the firm is located offshore, it falsely claims to be subject to various regulations. You should be wary.
False Claims about Regulation are a bad sign
Equinox Markets’ trading fraud relies on false licenses. The Regulation section states that the broker is registered with US NFA ID 0547126.
It has also been registered as a Money Services Business with the Canadian Financial Transactions and Report Analysis Center.
Let’s first say that FINTRAC does not function as a regulator. It is a register that helps Canada combat money laundering and other financial crimes. MSB20490856 is not in FINTRAC’s database. Neither is the NFA ID that we were given.
What is Equinox Markets Broker?
Since April 2020, this phony website is in operation. Since then, Equinox Markets has received the majority of negative Equinox Markets reviews.
- Canada
- US
- Switzerland
- Vietnam
Are Equinox Markets Demo Accounts Available?
All Equinox Markets Demo accounts are available for anyone who is interested in trying the system. It’s just a common lure. Brokers will make sure that your virtual money grows and you feel the pressure to invest in real ones.
Once you are hooked, you will have problems. You’ll soon realize that withdrawals from bogus broker’s are not an option.
How do I withdraw money from Equinox Markets
Customers can use the following payment options according to Equinox Markets Withdrawal Policy:
- Credit/debit card
- Wire transfer
- Local payment options
The withdrawal processing time is between 2-7 business days. They do not guarantee that the withdrawal will be successful.
Chargeback Is Your Solution!
A chargeback is the retroactive cancellation and refund of a charge made using your credit card, wire transfer or some other payment methods.
By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost.
However, using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.
Request a free consultation today by clicking the button below!
What is a chargeback?
Chargebacks are a way for your bank to recover funds from the merchant. We recommend that you contact us immediately to begin the process. We will have a free consultation to discuss how we can recover your money right away!
Equinox Markets: Video
Below you will find a short video about Equinox Markets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Equinox Markets Trade!
Related Reviews
Copywriter with more than 10 years of experience. Wrote analytical content for one of the largest forex brokers in the world. Works as an editor-in-chief at assistance-refund.com
FacebookFAQ
- What is Equinox Markets and should I invest money in it?
Equinox Markets is an internet trading brokerage that does not require a license. We can help you recover if you've been tricked into falling for a scam.
- Equinox Markets offers a demo account
Equinox Markets offers a Demo Account as an incentive for inexperienced investors.
- What Is the Equinox Markets Minimum Deposit?
The company requires $1,000 for clients to open the Mercury trading account.
- Are My Funds Safe With Equinox Markets?
Since the broker is unregulated and has faked its own trading license, your funds are not safe with it.
Comments