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 carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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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.
- Low minimum deposit
- Standard account with balanced trading conditions
- Demo 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
What trading commissions and non-trading fees does Equilor Trader charge?
Equilor Trader’s overall fee level is rated as medium, with a fees score of 6/10, and it offers low Forex trading fees, tight EUR/USD spreads, and no inactivity, deposit, or withdrawal fees. On Standard accounts, EUR/USD spreads typically range from 1.8 to 2.3 pips, while ECN/RAW accounts have average EUR/USD and GBP/USD spreads of 0.10 and 0.15 pips respectively, plus a commission of $3.00 per lot.
What account types are available at Equilor Trader and how do they differ?
Equilor Trader offers Demo, Standard, and ECN/Raw spread accounts, but does not provide Cent, Micro, VIP, swap-free, or managed accounts. The live accounts are divided into E-Optimum, which delivers statements online via PDF, and Standard, which sends paper statements by mail and may include custody fees for dematerialized securities, with an account maintenance fee of HUF 3,000 charged every three months.
What do user reviews say about Equilor Trader?
Equilor Trader has a user satisfaction score of 4/10 based on 3 reviews, with 33% of ratings at 3 stars, 33% at 2 stars, and 33% at 1 star. According to user reviews, overall feedback is mostly negative.
Which markets and assets can you trade with Equilor Trader?
Equilor Trader provides access to over 30,000 tradable assets, including 40 currency pairs, stocks, stock indices, commodity futures, and options, but crypto trading is not available. The broker also supports bonds, ETFs, and a copy trading platform, while PAMM investing and managed accounts are not offered.
How does the Equilor Trader account opening process work and what feedback is there on its speed?
Equilor Trader supports fully online registration with a minimum deposit of HUF 12,000, an average registration time of 8 minutes, and KYC verification typically completed within 1 business day. The process involves filling out a PDF form, emailing it with ID, tax, and address documents, and then visiting a company office to confirm data and sign the service agreement, which may feel less convenient for some beginners.
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