According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- HUF 12,000
- WebTrader
- Mobile Apps
- Equilor Trader GO
- National Bank of Hungary
Our Evaluation of Equilor Trader
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Equilor Trader is a moderate-risk broker with the TU Overall Score of 5.24 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Equilor Trader clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Equilor Trader is regulated in Hungary. It is a subsidiary of a strong company and has good capitalization. However, its fees are high compared to those of financial intermediaries from other countries.
Brief Look at Equilor Trader
Equilor Trader was incorporated in 1990 in Hungary and is supervised by the National Bank of Hungary (Magyar Nemzeti Bank). It is a member of the Budapest, Warsaw, and Prague stock exchanges, and provides its services in Central and Eastern Europe. Equilor Trader grants access to trading and investing on 20 leading stock exchanges worldwide, as well as in Forex and CFD markets. Its clients have access to the Equilor Trader GO platform, quotes provided by Saxo Bank, and Autochartist analytics. The broker has received numerous awards, including the Investment Service Provider of the Year award from the jury of the Budapest Stock Exchange.
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- It is licensed by the Hungarian Central Bank to conduct brokerage and investment activities;
- It participates in the Investor Protection Fund of Hungary (BEVA) that compensates for up to EUR 100,000 per client;
- Wide range of trading assets comprises over 170 currency pairs and 200 CFDs on stocks and stock indices;
- To start active trading financial instruments, it is enough to deposit HUF 12,000 (~33 USD);
- Traders know their fees in advance due to fixed spreads;
- Free demo account is available for 20 days;
- Professional market data and quotes are delivered by a major liquidity provider.
- High trading fees for currency pairs;
- MetaTrader platforms are not available;
- The broker doesn’t offer automated trading or investing in PAMM or MAM accounts;
- Service agreement is signed only in the company’s office.
TU Expert Advice
Financial expert and analyst at Traders Union
Equilor Trader is a licensed market participant supervised by the state financial authorities of Hungary and the EU. Regulation ensures certain protection for traders and includes compliance with security standards and activity transparency. Retail traders are provided with negative balance protection, which is an important part of loss limitation.
This broker provides good opportunities for Forex and CFD traders. The variety of instruments allows its clients to diversify their portfolios, that is to distribute funds between different assets to decrease total risks. Equilor Trader GO supports spot trading, Forex forward exchange, and options trading.
Equilor Trader’s fees are not low. However, the broker is reputable and reliable, therefore its clients are ready to pay for a well-known name, investment security, and high-quality services. The broker’s advantage is that it doesn’t focus only on professional traders. Its platforms provide for trading micro and mini lots, and novice traders with minimum funds can meet the initial deposit requirements.
Equilor Trader Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Equilor Trader and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | Equilor Trader GO, mobile apps and WebTrader |
|---|---|
| 📊 Accounts: | Demo, E-Optimum, and Standard |
| 💰 Account currency: | HUF, EUR, and USD |
| 💵 Deposit / Withdrawal: | Bank transfers and securities transfers between brokerage accounts |
| 🚀 Minimum deposit: | HUF 12,000 |
| ⚖️ Leverage: | Up to 1:30 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,10 pips |
| 🔧 Instruments: | Forex, metals, funds, ETFs, futures, stock options, and CFDs on stocks, commodities, and indices |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Saxo Bank |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Instant |
| ⭐ Trading features: |
Fixed three-level spread; Brokerage fees are charged at the initial level of trading |
| 🎁 Contests and bonuses: | No |
Equilor Trader has developed its proprietary trading platform for trading in different markets. Before opening a live account, traders can use its demo version. Available order types for the Forex market are market, limit, and stop. Leverage allowed on the EU territory for retail traders is up to 1:30. Account currencies are HUF, EUR, and USD. Spreads are fixed.
Equilor Trader Key Parameters Evaluation
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To become an Equilor Trader client, go to the Equilor group website. The link is provided in the footer of the Equilor Trader website.
Click the “Opening an account” button.
Choose the account opening form for individuals, fill it in, and send it by email to Equilor Trader. The form is available in PDF. Also, attach scans of ID, tax, and address cards. Then, go to one of the company’s offices to confirm the data and to sign the service agreement.
Regulation and safety
Equilor Trader has a safety score of 1.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Not tier-1 regulated
- Not regulated
- Track record of less than 8 years
Equilor Trader Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Equilor Trader is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker Equilor Trader have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Equilor Trader with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Equilor Trader’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Equilor Trader Standard spreads
| Equilor Trader | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,8 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,3 | 1,5 | 0,5 |
| GPB/USD min, pips | 2,1 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Equilor Trader RAW/ECN spreads
| Equilor Trader | Pepperstone | OANDA | |
| Commission ($ per lot) | 3,00 | 3 | 3,5 |
| EUR/USD avg spread | 0,10 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,15 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Equilor Trader. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Equilor Trader Non-Trading Fees
| Equilor Trader | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Equilor Trader offers two account types. Previously, there were more account types, but the Komfort account hasn’t been available since April 2022. The basic account currency is chosen when signing the agreement with the broker and cannot be changed later. Trading conditions and tariffs are the same on both account types, but there is a difference in the way reports are provided. The account maintenance fee of HUF 3,000 is withheld every three months.
Account types:
A demo account can be opened on the Equilor Trader website. Traders can use it on the web platform or in mobile apps within 20 days.
Equilor Trader platforms allow investors and traders to execute trades, monitor markets, and manage their portfolios from any place with internet access.
Deposit and withdrawal
Equilor Trader received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
Equilor Trader offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- No withdrawal fee
- No deposit fee
- Low minimum withdrawal requirement
- No bank card option
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Equilor Trader deposit and withdrawal options?
Equilor Trader offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making Equilor Trader less competitive for those seeking diverse payment options.
Equilor Trader Deposit and Withdrawal Methods vs Competitors
| Equilor Trader | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Equilor Trader base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Equilor Trader supports the following base account currencies:
What are Equilor Trader's minimum deposit and withdrawal amounts?
The minimum deposit on Equilor Trader is $12000 HUF, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Equilor Trader’s support team.
Markets and tradable assets
Equilor Trader offers a wider selection of trading assets than the market average, with over 30000 tradable assets available, including 40 currency pairs.
- Passive income with bonds
- 30000 assets for trading
- ETFs investing
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Equilor Trader with its competitors, making it easier for you to find the perfect fit.
| Equilor Trader | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 30000 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products Equilor Trader offers for beginner traders and investors who prefer not to engage in active trading.
| Equilor Trader | Plus500 | Pepperstone | |
| Bonds | Yes | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
The common client service is provided from 8:30 to 16:30 (GMT+1) Monday through Friday. Also, traders can apply for trade execution by phone. The application is received subject to the financial instrument and whether the market is domestic or international.
Customer Support
Advantages
- Personal consultations are available
Disadvantages
- No live chat
- Technical support isn’t available round the clock on weekdays; on weekends it’s not available at all
Equilor Trade managers can be contacted by:
-
Telephone;
-
Email;
-
Personal visit to the office.
Before coming to the company’s office, coordinate the meeting time by phone.
Contacts
| Registration address |
Equilor Befektetési Zrt, 1026 Budapest, Pasaréti út 122-124 Magyar Nemzeti Bank, Pénzügyi Fogyasztóvédelmi Központ |
|---|---|
| Regulation | National Bank of Hungary |
| Official site | https://www.equilortrader.hu/ |
| Contacts |
+36 1 430 3980; +361 430 3981
|
Education
The Equilor Trader website doesn’t contain education on all markets. However, the basics on Forex can be found in the Deviza (Currency) section. An introduction to CFDs is available in the section of the website dedicated to CFDs.
The demo mode of the Equilor Trader GO platform allows traders to develop basic practical skills for trading different asset classes. Traders don’t have to make deposits, since virtual funds are used for trading.
Comparison of Equilor Trader with other Brokers
| Equilor Trader | Eightcap | XM Group | RoboForex | InstaForex | 4XC | |
| Trading platform |
Mobile application, WebTrader, Equilor Trader GO | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MultiTerminal, MobileTrading, MT5, WebTrader | MT5, MT4, WebTrader |
| Min deposit | $12000 | $100 | $5 | $10 | $1 | $50 |
| Leverage |
From 1:1 to 1:30 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | Yes | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 1.8 point | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 30% / 10% | 100% / 50% |
| Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | No | No | Yes | Yes | No |
Detailed review of Equilor Trader
Equilor Trader has been providing high-quality financial services focused on client needs since 1990. The broker constantly expands its range of trading instruments and investment products, which confirms its readiness to adjust to changing market requirements, the latest strategies, and trader needs. During its activities, Equilor Trader focuses on high-quality services, innovations, and support for traders on their way to success in financial markets.
Equilor Trader by the numbers:
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Stable conditions for 30+ years;
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The Equilor group manages over HUF 600 billion;
-
Financial instruments include 170 currency pairs;
-
Trading over 200 CFDs on different asset classes is available.
Equilor Trader is a broker with a wide range of instruments and features to meet the diverse needs of traders
Equilor Trader provides access to more than 350 financial instruments, including Forex (currencies and metals), CFDs on stock indices of the U.S., Europe, Asia, and Australia, and CFDs on stocks of over 27 companies. Equilor Trader GO broadcasts market data from Saxo Bank, supports the price alert option, and offers screeners of different markets, newsfeeds, and Autochartist analytics. Traders can work on the web platform or download a functional mobile app. Information on portfolios, paid dividends, and accrued interest is available.
When placing limit and stop orders, traders can set their validity. Standard options are good-till-canceled, day order, or periods ranging from one week to the end of the year. Also, they can choose the order closing date manually by using an online calendar. Traders can open a demo account and view historical data, active trades, and upcoming margin changes.
Useful services offered by Equilor Trader:
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Daily newsletters. These contain market news, exchange rates for HUF and foreign currencies, and reviews of important domestic and international events.
-
Screeners on the trading platforms . They help to choose financial instruments by different criteria: popularity among traders, profitability for different periods, price changes, etc.
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Price alerts. Traders can set conditions under which the platform receives a signal to buy or sell an asset.
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Analytics. Equilor Trader GO broadcasts market data, newsfeeds, economic calendars, and trading signals for different markets.
Advantages:
The company is registered on the Budapest, Warsaw, and Prague stock exchanges;
Any existing or potential client can visit the broker’s office to get assistance on offered products and services;
Traders can adjust positions by setting stop and limit orders and lot size;
Equilor Trader offers trading standard, mini, and micro lots;
Equilor Trader GO provides convenient instant switching between spot trading, forward exchange, and options trading.
In 2022, Gránit Bank purchased the majority stake of the Equilor Holding Group, which allowed both companies to strengthen their positions in the financial sector, increase their liquidity, and expand their business opportunities.
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