Worked example
Practising on Equiti's numbers
This is an exercise sheet, not a review. We are going to take three things that Equiti publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
Equiti does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. Equiti offers 0 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are Equiti's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| FCA · United Kingdom | Equiti Capital UK Limited | 528328 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself |
| CySEC · Cyprus | Equiti Global Markets Ltd | 415/22 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
| FSA Seychelles · Seychelles | Equiti Brokerage (Seychelles) Limited | SD064 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
| CMA Kenya · Kenya | EGM Securities Ltd (FXPesa) | not verified | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
| UAE Securities and Commodities Authority · United Arab Emirates | Equiti Securities Currencies Brokers LLC | not verified | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
1 of these line is top-tier — held by Equiti Capital UK Limited. If you are onboarded to a different entity than those, the protections attached to the top-tier line are not yours, however prominently the regulator's initials appear in the marketing. 1 line is offshore registration; treat those as a company address rather than as supervision. We could not confirm a licence number on 2 lines, which is exactly the kind of gap you should close yourself on the regulator's own register before depositing.
The record behind these numbers
- Equiti Capital UK Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 528328; the UK entity began as Divisa UK Ltd, formed in 2014 by acquiring FCA-regulated MB Trading UK.
- Equiti Global Markets Ltd (company number HE 415535) holds CySEC licence 415/22, registered on 12 September 2022.
- Equiti Brokerage (Seychelles) Limited is authorised by the Seychelles FSA under licence SD064 as a securities dealer.
- Equiti Group also lists regulated entities in Jordan (JSC), the UAE (SCA), Kenya (CMA) and Armenia (Central Bank).
- The Seychelles entity describes itself as a mark-to-market STP execution-only broker that routes client positions to liquidity providers.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: founding year; headquarters; minimum deposit; maximum leverage; EUR/USD spread; account types; segregated funds; negative balance protection; Kenya, UAE, Jordan and Armenia licence numbers. Confidence in this file overall: high. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
PipMentor does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.