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.
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.
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, OANDA and FOREX.com, 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
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 OANDA FOREX.com EUR/USD min, pips 1.8 0.1 0.7 EUR/USD max, pips 2.3 0.5 1.2 GPB/USD min, pips 2.1 0.1 0.9 GPB/USD max, pips 0.5 1.4 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 OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.00 3.5 5 EUR/USD avg spread 0.10 0.15 0.2 GBP/USD avg spread 0.15 0.2 0.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
Equilor Trader Security Factors Foundation date - Negative balance protection YesVerification (KYC) YesEquilor Trader is Not a Regulated Broker
Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.
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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
- Tight spread ECN account
- Demo account
- No VIP account option
- Micro lots are not available
Equilor Trader account types vs top competitors Equilor Trader Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoEquilor Trader accounts trading conditions
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:
Account Type Description E-Optimum Account statements and transaction history are generated online in PDF and are available in the Equilor Direct (EQD) user account. Standard Holders of this account type receive hard copies of transaction confirmations and statements by mail. Moreover, fees for custody of dematerialized securities are charged. 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.
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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.
Equilor Trader offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- No deposit fee
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- Wise not supported
- No bank card option
- PayPal not supported
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 Trading.com Plus500 Bank Wire YesYesYesBank card NoYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Equilor Trader base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Equilor Trader supports the following base account currencies: USD, EUR, HUF.
What are Equilor Trader's minimum deposit and withdrawal amounts?
The minimum deposit on Equilor Trader is HUF12,000, 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.
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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.
- Indices trading
- Copy trading platform
- 40 supported currency pairs
- 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 Trading.com Plus500 Currency pairs 40 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 30000 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices YesNoYesOptions YesNoYesInvestment 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 Trading.com Plus500 Bonds YesNoNoETFs YesNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. Overall, the account setup process is efficient and suitable for most traders.
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
Equilor Trader account opening Equilor Trader Trading.com Plus500 Online Registration YesYesYesMinimum deposit HUF12,000 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 8 20 KYC time (days) 1 2 3 Is Equilor Trader available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
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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 /10Customer support at Equilor Trader is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Equilor Trader provides basic support functionality but does not stand out in overall service performance.
InformationThe 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.
- Personal consultations are available
- No live chat
- Technical support isn’t available round the clock on weekdays; on weekends it’s not available at all
Customer Support
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 KözpontRegulation National Bank of Hungary Official site https://www.equilortrader.hu/ Contacts equilor@equilor.hu +36 1 430 3980; +361 430 3981
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FAQs
How does Equilor Trader’s regulation status and safety score describe its overall security level?
Equilor Trader has a safety score of 1.5/10, which is described as a low security level in the review. The broker is not regulated and does not hold Tier-1 licenses, although it does provide negative balance protection and requires KYC verification. The review notes that working with unregulated brokers may involve higher risks, such as weaker investor protection and uncertainty around withdrawals.
What account types are available at Equilor Trader and what are their key features?
Equilor Trader offers Demo, Standard, and ECN/Raw spread accounts, but does not provide Cent, Micro, Swap Free, VIP, or Managed accounts. The two main live account types are E-Optimum, which provides online PDF statements via the Equilor Direct platform, and Standard, which sends paper confirmations by mail and charges custody fees for dematerialized securities. The review also notes a low minimum deposit, an account maintenance fee of HUF 3,000 every three months, and that demo accounts are available for 20 days on web and mobile platforms.
What do user reviews and feedback say about Equilor Trader’s overall client satisfaction?
Equilor Trader has a user satisfaction score of 4/10 based on three reviews, with 33% each in the 3-star, 2-star, and 1-star categories and no 4- or 5-star ratings. According to user reviews, the overall tone is mostly negative, indicating that many reviewers were not highly satisfied with their experience.
What do reviews say about Equilor Trader’s deposit and withdrawal conditions?
The review gives Equilor Trader a low score of 4/10 for deposit and withdrawal efficiency and notes that payment options are limited, with Bank Wire as the primary method. The broker has a minimum deposit of HUF 12,000, a minimum withdrawal of $100, no withdrawal fee, and supports USD, EUR, and HUF as base currencies. It is also mentioned that the restricted range of methods and lack of options like PayPal or BTC may reduce flexibility and increase costs for some users.
What feedback is provided about Equilor Trader’s customer support availability and contact methods?
Customer support at Equilor Trader is described as basic, with moderate response times that can vary depending on the complexity of the request. Support is available Monday to Friday from 8:30 to 16:30 (GMT+1) via telephone, email, and in-person office visits, and traders can also request trade execution by phone. The review notes that there is no live chat, support is not available around the clock, and there is no service on weekends.
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