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.

Attached to: Turning a spread into money·The lesson this practises

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.

1.4Published EUR/USD spread, pips

not verifiedMinimum to open, USD

2008Trading since

Mahe, SeychellesHead office

up to 1:2000 (Seychelles entity)Retail leverage cap

5Licence lines on file

Exercise one — turn the spread into money

The spread is the gap between the price you can buy at and the price you can sell at, and you pay it the instant you enter. Equiti publishes 1.4 pips on EUR/USD. On its own that number means nothing. Here is how it becomes money.

1Fix what one pip is worthOn a one standard lot EUR/USD position — 100,000 units — a one-pip move is worth $10. That is a property of the contract size, not of Equiti, and it holds wherever you trade.

2Multiply the spread by the pip value1.4 pips × $10 a pip = $14.00. That is what it costs to open and close one standard lot here, before any commission the account may also charge.

3Scale it down to a size you should actually tradeA beginner has no business trading a standard lot. At 0.01 lots — a micro — every figure divides by a hundred: the same round turn costs $0.14. Small enough to practise with, large enough to be real.

4Ask what the cost buys youA $500 float would be entirely consumed by 35 standard-lot round turns at this spread and nothing else. That is the number that should change how often you click.

A 1.0-lot EUR/USD round turn here costs about $14.00 in spread at $10 a pip — before any commission.

Now do it without us

Take the spread of any other firm on the practice index, run the same four steps, and write both figures down — per lot and per micro. When you can do that in your head you have stopped shopping on marketing copy and started shopping on cost. The pip value calculator will check your working on pairs where the pip is not a flat ten dollars.

Exercise two — read the account ladder

Account tiers are a pricing structure dressed as a status ladder. Equiti offers 4 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.

ClassicThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
StandardA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
PremierA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
MicroA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.

Account names as published: Classic, Standard, Premier, Micro. Platforms listed: MT4, MT5, Equiti Trader.

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

How to use that table

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.
Equiti's group history states Divisa Capital Group was incorporated in 2008; Equiti Group Ltd acquired the Divisa group in 2017 and the brand was rebranded from Divisa to Equiti in 2018 (https://www.equiti.com/sc-en/about-us/).
Equiti Brokerage (Seychelles) Limited, the entity behind the equiti.com/sc-en site, gives its registered address as Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles in its Risk Warning Disclosure (https://eqcrm04zdocuments.blob.core.windows.net/legal-documents/3ef4980d-d281-a342-2263-64fec274f54b/SC%20-%20Risk%20Disclousure%20Warning.pdf).
The Seychelles entity's Risk Warning Disclosure states clients 'are liable for any losses' and that it is possible to 'lose more money than your initial invested deposit'; its automatic close-out at 30% margin level is described as reducing but not eliminating that risk (same PDF URL).

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; minDeposit — varies by account type on the Seychelles accounts page: Classic 'No minimum deposit', Standard $30, Premier 'Deposits from $100'; no single figure.; spreadEurusd — the accounts page states 'Average spreads of 1.4 pips' (Standard) and 1.6 pips (Classic) without labelling the pair as EURUSD; Premier advertises 'spreads from 0.0 pips' (raw/commission account).; hq — the group's about page names offices in London, Dubai, Amman and Limassol but does not state a single headquarters; the registered office of the client-facing Seychelles entity (Mahe, Seychelles) was used instead.; founded — the 2008 Divisa Capital Group incorporation is from the broker's own history timeline, not independently registry-verified.. 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.

Back to the lesson →All worked examples Size a trade with these figures

Run the same exercise on another firm

ActivTrades0.5 pips published, $5.00 per standard lot.Practise →ATFX0.8 pips published, $8.00 per standard lot.Practise →Capital.com0.6 pips published, $6.00 per standard lot.Practise →CMC Markets0.5 pips published, $5.00 per standard lot.Practise →Decode Global0.9 pips published, $9.00 per standard lot.Practise →Eightcap0.1 pips published, $1.00 per standard lot.Practise →

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