Warning Investors Equitiz – Regarding fraudulent or manipulative practices (insider dealing, market manipulation, misrepresentation of material information, etc.)
Equitiz is a forex and CFD broker that claims to offer trading on various assets, such as forex, indices, commodities, stocks, and cryptocurrencies. However, this broker has been flagged by several regulators in Europe as a potential scam. In this article, we will review the reasons why you should avoid dealing with Equitiz and how to protect yourself from scam brokerages.
Regulation and Compliance:
One of the most important factors to consider when choosing a broker is whether they are regulated by a reputable authority. Regulation ensures that the broker follows certain standards of conduct, such as keeping client funds in segregated accounts, providing fair and transparent pricing, and adhering to anti-money laundering rules. Equitiz, however, does not seem to have any valid license or authorization from any regulator. In fact, the Financial Conduct Authority (FCA) in the UK, the Swiss Financial Market Supervisory Authority (FINMA) in Switzerland, and the Comisión Nacional del Mercado de Valores (CNMV) in Spain have all issued warnings against this firm, stating that it may be providing financial services or products without their authorization. This means that Equitiz is operating illegally and may be involved in fraudulent activities.
Another factor to consider when choosing a broker is the quality of their customer support. A good broker should provide reliable and responsive support to their clients, such as answering their queries, resolving their issues, and providing them with relevant information. Equitiz, however, does not seem to have any customer support at all. The only contact details they provide on their website are an email address and a phone number, but there is no evidence that they actually respond to any emails or calls. Moreover, there are numerous complaints from customers who claim that they have been unable to withdraw their funds from Equitiz or that they have been scammed by this broker.
A third factor to consider when choosing a broker is the feedback from other customers who have used their services. A good broker should have a positive reputation among their clients, who should be satisfied with their trading experience and recommend them to others. Equitiz, however, has a very negative reputation among its customers, who have left many negative reviews and ratings on various websites and forums. Most of these reviews accuse Equitiz of being a scam, a fraud, or a rip-off. Some of these reviews also warn others not to deal with this broker or to stay away from them.
Measures to Avoid Scam Brokerages:
Given the evidence that Equitiz is a scam brokerage, it is advisable to avoid dealing with them at all costs. However, there are also some general measures that you can take to protect yourself from other scam brokerages in the future. These measures include:
– Checking the regulatory status of the broker before opening an account with them. You can verify this by visiting the website of the relevant regulator or by contacting them directly.
– Reading the terms and conditions of the broker carefully before signing up with them. You should pay attention to any clauses that may limit your rights or expose you to risks.
– Researching the reputation of the broker online by reading customer reviews and ratings on various websites and forums. You should also check if there are any complaints or warnings against them from other authorities or organizations.
– Testing the customer support of the broker by contacting them via email, phone, or live chat. You should see how quickly and professionally they respond to your queries and issues.
– Using only secure payment methods when depositing or withdrawing funds from your account. You should avoid using methods that are irreversible or untraceable, such as wire transfers or cryptocurrencies.
– Keeping records of all your transactions and communications with the broker. You should also monitor your account balance and activity regularly.
– Reporting any suspicious or fraudulent activities to the relevant authorities or organizations as soon as possible.
Equitiz is a forex and CFD broker that has been flagged by several regulators in Europe as a potential scam. There are many reasons why you should avoid dealing with this firm, such as their lack of regulation and compliance, their poor customer support, their negative customer reviews, and their involvement in fraudulent activities. To protect yourself from scam brokerages like Equitiz, you should follow some general measures, such as checking their regulatory status, reading their terms and conditions, researching their reputation, testing their customer support, using secure payment methods, keeping records of your transactions and communications, and reporting any suspicious or fraudulent activities.