Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Equilor Trader Pros & Cons
- 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 Verdict
Equilor Trader is rated as very high risk. Testing and client reviews highlight serious concerns regarding service quality, stability, and overall reliability. I recommend approaching this broker with extreme caution, as it may not be suitable for most traders.
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Equilor Trader User Reviews
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5-star
0%
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4-star
0%
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3-star
33%
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2-star
33%
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1-star
33%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of Equilor Trader have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is Equilor Trader Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria1.5 /10Equilor 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
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.1 /10Equilor Trader offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Demo account
- Tight spread ECN account
- No Swap Free account
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology4 /10Equilor Trader received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.8 /10Equilor Trader offers a wider selection of trading assets than the market average, with over 30000 tradable assets available, including 40 currency pairs.
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Trading Account Opening
We successfully registered an account with Equilor Trader in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Equilor Trader is HUF12,000.Score:We evaluated Trading Account Opening at Equilor Trader by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.7 /10Overall, the account setup process is efficient and suitable for most traders.
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Customer Support
Score:We evaluated Customer Support at Equilor Trader by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.5 /10
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FAQs
How safe is Equilor Trader in terms of regulation and client protection?
Equilor Trader has a safety score of 1.5/10 and is described as having a low security level, as it is not a regulated broker. The broker does provide negative balance protection and requires KYC verification, but the absence of regulation and investor compensation schemes may increase risks, including weaker investor protection and uncertainty around withdrawals.
How do Equilor Trader’s spreads and commissions compare according to fee reviews?
Equilor Trader’s overall fee level is rated as medium, with a fees score of 6/10. Standard accounts use floating spreads (for example, EUR/USD typically ranges from 1.8 to 2.3 pips), while ECN/RAW accounts have market-based spreads with an average of 0.10 pips on EUR/USD and a $3.00 commission per lot, and there are no stated deposit, withdrawal, or inactivity fees.
What account types does Equilor Trader provide and what feedback is there on their main features?
Equilor Trader offers Demo, Standard, and ECN/Raw spread accounts, with no Cent, Micro, Swap Free, VIP, or managed accounts available. The E-Optimum account delivers statements online via the Equilor Direct platform, the Standard account provides paper statements and may include custody fees for dematerialized securities, and an account maintenance fee of HUF 3,000 is charged every three months.
What deposit and withdrawal conditions does Equilor Trader offer and what user feedback might focus on?
Equilor Trader supports a limited set of funding methods, primarily bank wire transfers, and does not accept bank cards, PayPal, Wise, or BTC payments. The broker states there are no withdrawal fees, supports USD, EUR, and HUF as base currencies, and lists a minimum deposit of HUF 12,000 and a minimum withdrawal of $100, though the overall process is rated with a low score of 4/10 for efficiency and convenience.
What markets and instruments can you access with Equilor Trader and what do asset range reviews highlight?
Equilor Trader provides access to over 30,000 tradable assets, including 40 currency pairs, stocks, commodity futures, stock indices, options, bonds, and ETFs, while crypto trading is not available. The broker also supports copy trading but does not offer PAMM or managed accounts, so reviews of its asset range may emphasize breadth in traditional and ETF markets rather than cryptocurrencies.
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