Equiti is a forex and CFD brand of Equiti Group Ltd, a Jersey company whose UK subsidiary’s accounts name A R Waleed Al Bitar as ultimate controlling party. Retail clients deal with Equiti Brokerage (Seychelles) Limited (FSA Seychelles), Equiti Group Limited (Jordan) (Jordan Securities Commission) or Equiti Securities Currencies Brokers LLC in Dubai (UAE Capital Market Authority), depending on where they live. Equiti Capital UK Limited (FCA) and Equiti Global Markets Ltd in Cyprus (CySEC) serve professional clients only, and Equiti AM CJSC is licensed by the Central Bank of Armenia. The group’s Kenyan company trades under the separate FXPesa brand.
Research-based assessment This profile has not completed TTI’s on-site verification and 30-day platform review. How TTI verification works
| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Financial Services Authority Seychelles (FSA) | SD064 | Equiti Brokerage (Seychelles) Limited | Authorised Checked 7 Oct 2026 | Register entry for Equiti Brokerage (Seychelles) Limited (opens in a new tab) 1 |
| Jordan Securities Commission (JSC) | No reference | Equiti Group Limited (Jordan) | Authorised Checked 7 Oct 2026 | Register entry for Equiti Group Limited (Jordan) (opens in a new tab) 2 |
| Capital Market Authority (CMA) | 20200000026 | Equiti Securities Currencies Brokers LLC | Authorised Checked 7 Oct 2026 | Register entry for Equiti Securities Currencies Brokers LLC (opens in a new tab) 3 |
| Capital Market Authority (CMA) | 20200000352 | Equiti Securities Currencies Brokers LLC | Authorised Checked 7 Oct 2026 | Register entry for Equiti Securities Currencies Brokers LLC (opens in a new tab) 3 |
| Financial Conduct Authority (FCA) | 528328 | Equiti Capital UK Limited | Authorised Checked 7 Oct 2026 | Register entry for Equiti Capital UK Limited (opens in a new tab) 4 |
| Cyprus Securities and Exchange Commission (CySEC) | 415/22 | Equiti Global Markets Ltd | Authorised Checked 7 Oct 2026 | Register entry for Equiti Global Markets Ltd (opens in a new tab) 5 |
| Central Bank of Armenia (CBA) | ՆԸ0011 | Equiti AM CJSC | Authorised Checked 7 Oct 2026 | Register entry for Equiti AM CJSC (opens in a new tab) 6 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
Every Equiti company we found matches its regulator’s records: the Seychelles, Jordanian and UAE companies that serve retail clients, the UK and Cyprus companies that serve professional clients only, and the Armenian investment company. The UK company files audited accounts that name A R Waleed Al Bitar as ultimate controlling party through Equiti Group Ltd of Jersey. Retail protections are thin: the terms of all three retail companies make clients pay any losses beyond their deposits, let client money be held by brokers as collateral, name no compensation scheme and offer only a complaint to the regulator, and the Seychelles company offers leverage of up to 1:2000. Costs, funding and execution terms are published. We found no regulatory action against Equiti; the UK accounts disclose lawsuits by investors in a former client, Blue Isle Markets, which Equiti is defending.
We matched Equiti Brokerage (Seychelles) on the FSA’s list, Equiti Group Limited (Jordan) in the JSC’s directory, Equiti Securities Currencies Brokers on the UAE CMA’s register, Equiti Capital UK on the FCA’s list, Equiti Global Markets on CySEC’s register and Equiti AM on the Central Bank of Armenia’s list.
The licences Equiti names for its UK, Cyprus, Seychelles, Jordanian, UAE and Armenian companies, and for its Kenyan FXPesa company, match the registers, although the UAE and Seychelles registers do not display the licence numbers Equiti quotes.
Each regional site names the company that operates it, its registration number and regulator, the region selector sends visitors to the right site, the UK and Cyprus sites say they serve professional clients only, and each agreement names the contracting company.
The UK company’s audited accounts say it is wholly owned by Equiti Group Ltd of Jersey and that A R Waleed Al Bitar is the ultimate controlling party through his majority shareholding; Companies House registers Abdulraouf Al Bitar as having significant influence or control.
Each register lists the company as active or authorised, with no suspension or restriction shown.
Not met No compensation scheme covers clients of the Seychelles, Jordanian or UAE companies, and the UK and Cyprus companies serve only professional clients.
Not met The terms of the Seychelles, Jordanian and UAE companies require clients to pay any losses that exceed the money in their account, and the sites warn that losses can exceed the initial investment.
Not met Clients of the Seychelles, Jordanian and UAE companies can escalate only to the regulator, which is not an independent dispute body, and we found no ombudsman or dispute scheme for them.
Not met We found no complaint statistics published by Equiti, and its UK company is not in the FCA’s or the ombudsman’s firm-level tables.
Not met Equiti says client money is kept with Tier 1 banks, and the UK accounts with reputable banks, but none of the documents names them.
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Whether the firm’s licences exist, are current and cover what it offers.
Client-facing entities appear on the regulator’s register 123456
We matched Equiti Brokerage (Seychelles) on the FSA’s list, Equiti Group Limited (Jordan) in the JSC’s directory, Equiti Securities Currencies Brokers on the UAE CMA’s register, Equiti Capital UK on the FCA’s list, Equiti Global Markets on CySEC’s register and Equiti AM on the Central Bank of Armenia’s list.
Permissions cover the services offered 123456
The FSA lists the Seychelles company as a securities dealer, the UAE register shows the Dubai company licensed to broker OTC derivatives and spot currencies, the JSC licenses the Jordanian company as a broker in foreign markets, and CySEC authorises the Cyprus company to receive and execute orders, which fits its agency model. The FCA’s published list and the Central Bank of Armenia’s list do not show the UK and Armenian companies’ permissions.
Regulatory claims on the website are accurate 1234567891011
The licences Equiti names for its UK, Cyprus, Seychelles, Jordanian, UAE and Armenian companies, and for its Kenyan FXPesa company, match the registers, although the UAE and Seychelles registers do not display the licence numbers Equiti quotes.
Clients can tell which regulated entity serves them 7912131415161718
Each regional site names the company that operates it, its registration number and regulator, the region selector sends visitors to the right site, the UK and Cyprus sites say they serve professional clients only, and each agreement names the contracting company.
Criteria and their weighting are explained in the methodology.
Whether you can find out who owns and runs the firm.
Ultimate ownership can be identified 1920
The UK company’s audited accounts say it is wholly owned by Equiti Group Ltd of Jersey and that A R Waleed Al Bitar is the ultimate controlling party through his majority shareholding; Companies House registers Abdulraouf Al Bitar as having significant influence or control.
Group structure is explained 82021
Equiti lists the group’s regulated companies and its history, and the UK accounts name the Jersey parent and the group companies it deals with, but we found no description of how the Seychelles, Jordanian, UAE and Armenian companies are owned, and their GLEIF records name no parent.
Directors or senior managers are identified 23619
Companies House lists the UK company’s directors, the UAE register names the Dubai company’s directors and accredited staff, the JSC directory lists the Jordanian company’s managers and the Central Bank of Armenia names the Armenian company’s acting director.
Criteria and their weighting are explained in the methodology.
What protects client money if something goes wrong.
Client money segregation is disclosed 1617182022
Equiti says client money is held in segregated accounts, and the terms of the Seychelles, Jordanian and UAE companies place it in client bank accounts under the regulators’ rules, but all three let third parties such as intermediate brokers hold client money as collateral. The UK company holds client money in segregated trust accounts.
Withdrawal terms are disclosed 22
The funding page lists each withdrawal method with its processing time and fees, for example 1% up to $30 for e-wallets and $30 for international bank transfers.
Criteria and their weighting are explained in the methodology.
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 0 points.
Warning lists and enforcement records have been searched 2023
We searched CySEC, FCA, CVM and KNF records, the Japanese, Indian and Malaysian lists and the UAE CMA’s 2026 violations list, and ran web searches for actions by the JSC, the FSA Seychelles, the Central Bank of Armenia and others. We found no regulatory action; the Blue Isle lawsuits are recorded as an allegation.
Investors in Blue Isle Markets sue Equiti Capital UK and Equiti AM to recover the scheme’s deposits 20
1 Jan 2024. Shown for context. This type of finding never changes the score.
Criteria and their weighting are explained in the methodology.
How the firm handles complaints, and what independent records show.
Independent complaint outcomes show no adverse pattern 27
We found no published ombudsman or dispute-body decisions about Equiti companies; the UK company serves professional clients only.
Complaint data is disclosed 27
We found no complaint statistics published by Equiti, and its UK company is not in the FCA’s or the ombudsman’s firm-level tables.
Criteria and their weighting are explained in the methodology.
Whether costs, execution and risks are disclosed before you sign up.
Criteria and their weighting are explained in the methodology.
Whether public claims hold up and the firm communicates openly.
Marketing claims are accurate and attributable 81622
Awards are attributed to named organisations and dates and the regulatory claims match the registers, but the funding page says client money “will never be used for any other means” and the about page that it is fully segregated, while the terms let brokers hold client money as collateral and let Equiti keep interest earned on it.
An address and working contact channels are published 1237151619
Addresses, emails, a telephone number and chat are published and the Jordanian and UAE addresses match the registers, but the Seychelles terms give a Mont Fleuri address while the site and the FSA give Eden Island, and the UK regulation page gives a former London office.
Criteria and their weighting are explained in the methodology.
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Real office at the stated address, not a ghost address
Office of the assessed entity
Staffed and operating
Criteria and their weighting are explained in the methodology.
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Company identity
Regulatory claims
Office visit
Account opening
Platform usability
Costs and disclosures
Customer support
Deposits and withdrawals
Trading functions
Complaints process
Criteria and their weighting are explained in the methodology.
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Financial Services Authority Seychelles (FSA) · Reference SD064 1
Securities dealer
Listed by the FSA as a securities dealer; the licence number is Equiti’s own (the register shows none), matching the certificate Equiti publishes.
Jordan Securities Commission (JSC) 2
Financial broker; financial broker for the account of others in foreign markets; financial adviser in foreign markets
Listed as active in the JSC’s directory with licences for 2026; the directory shows no licence number.
Capital Market Authority (CMA) · Reference 20200000026 3
Category 1, dealing in securities: trading broker in international markets and of OTC derivatives and currencies in the spot market
The register shows these activities as active but no licence number; 20200000026 is the number Equiti gives and appears on the certificate it publishes.
Capital Market Authority (CMA) · Reference 20200000352 3
Category 5: introduction and promotion
The register shows introduction and promotion as active; the licence number is Equiti’s own.
Financial Conduct Authority (FCA) · Reference 528328 4
Cyprus Securities and Exchange Commission (CySEC) · Reference 415/22 5
Reception and transmission of orders and execution of orders in financial instruments 1, 4, 5, 6, 7 and 9, with ancillary services; cross-border services to ten EEA states
Registration date 12 September 2022. Dealing on own account is not among the authorised services.
Central Bank of Armenia (CBA) · Reference ՆԸ0011 6
Investment company
Licence issued on 10 July 2012. The list does not show the services covered.
No licence recorded for this entity.
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
Equiti Capital UK’s accounts for 2025 disclose two claims filed in 2024 over Blue Isle Markets Inc, a former client: a derivative claim in the District Court of Colorado against Equiti Capital UK and Equiti AM CJSC seeking recovery of all sums Blue Isle deposited with them, and a claim in the High Court in England by individual investors seeking the value of their investments with Blue Isle. Equiti says it had no direct relationship with the investors, denies the allegations and is defending both claims; no trial is expected before mid-2027 and no provision has been made. The accounts give the year only; we use 1 January 2024. This is recorded for context and does not affect the score.
Firms can respond to their profile and to any finding. No response has been published for Equiti. How firms can respond.
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 7 Oct 2026 | Trust score 75 out of 100 Sound | 1.2 | Current |
No corrections have been made to this profile.
Lists Equiti Brokerage (Seychelles) Ltd among licensed securities dealers at First Floor, Marina House, Eden Island, with the email localsupport@equiti.com and the website www.equiti.com. The register does not show licence numbers.
Lists Equiti Group Limited (Jordan), short name Equiti, registration number 50248, registered on 21 January 2018, status active, with 2026 licences as financial broker, financial broker for the account of others in foreign markets and financial adviser in foreign markets, its approved staff, two senior managers and a four-seat board. No licence number is shown.
Lists Equiti Securities Currencies Brokers LLC (CP-0000791) as active, established on 25 November 2021, at Office 202, Parcel ID 367-1014, Um Al Sheif, Bur Dubai, with branches in Sharjah and Al Ain, auditor Grant Thornton and directors Gaurang Vinod Desai, Hamad Haider and Richard Stephen Fulton. Active licences: introduction, promotion, investment fund management, portfolio management, trading broker in international markets, and trading broker of OTC derivatives and currencies in the spot market. No licence numbers are shown.
Shows Equiti Capital UK Limited (FRN 528328, LEI 2138002W128DFCAN6Q90), first authorised on 27 April 2011, with status Authorised.
Licence 415/22, registration date 12 September 2022, company registration 415535, address Spyrou Kyprianou 82, Eurohouse Building, Office 11, Potamos Germasogeias, Limassol, approved domain www.equiti-capital.com/cy-en/. Authorises reception and transmission of orders and execution of orders in financial instruments 1, 4, 5, 6, 7 and 9, with ancillary services; dealing on own account is not listed. Cross-border services to ten EEA states.
Lists “Equiti A M” CJSC, acting director Karine Simonyan, at 0019, V. Sargsyan 26/1, rooms 606 to 609, Yerevan, website www.equiti.am, taxpayer number 02609576, licence ՆԸ0011 issued on 10 July 2012.
equiti.com sends visitors from our location to the Seychelles site. The footer names Equiti Brokerage (Seychelles) Limited, registration 8428558-1, First Floor, Marina House, Eden Island, authorised by the FSA under licence SD064 as a securities dealer, providing an execution-only service, and warns that leveraged products can result in losses that exceed the initial investment. The page offers leverage up to 1:2000 and a 100% welcome bonus on the first deposit, and says funds are kept separate and Equiti is fully regulated in six global regions.
Says the company operates as a straight-through processing, execution-only broker that never takes the opposite side of client trades, keeps client money in fully segregated accounts and is part of Equiti Group. Lists the group’s regulated companies: Equiti Capital UK Ltd (FCA), Equiti Group Limited Jordan (JSC), the UAE company (SCA), EGM Securities / FXPesa (Kenya CMA), Equiti Brokerage (Seychelles) Limited (FSA), Equiti AM (Central Bank of Armenia) and Equiti Global Markets (CySEC). Its history says Equiti Group Ltd acquired the Divisa Capital group in 2017 and renamed its UK, US and Armenian companies Equiti in 2018. Awards are listed with the awarding body and date.
Names Equiti Securities Currencies Brokers LLC, registration 1642447, Office 202, Floor 2, Lamborghini Building, Parcel ID 367-1014, Dubai, regulated by the Capital Market Authority as a Category 1 trading broker in international markets, OTC derivatives and spot currencies (licence 20200000026) and as a Category 5 introducing and promoting firm (licence 20200000352). Says it is an STP execution-only broker that does not take risk against its clients, and warns that clients can lose more than their investment.
A scanned certificate, dated 24 February 2025, granting Equiti Brokerage (Seychelles) Limited, trading as “FXPesa” and “Equiti”, a securities dealer licence numbered SD064.
Lists EGM Securities Limited, trading as FX Pesa, Westlands, Nairobi, with licence number 107 and the website fxpesa.com.
Sends visitors to the UAE and Jordan sites, the Seychelles site for most other countries, equiticapital.co.uk for the UK, equiti-capital.com/cy-en for Cyprus and fxpesa.com for Kenya.
Names Equiti Group Limited (Jordan), registration 50248, Al-Abdali Boulevard, Suleiman Al Nabulsi St. 32, Jouba Complex, Second Floor, Amman, licensed by the Jordan Securities Commission, and says deposits and withdrawals may be handled by affiliates including Equiti Capital UK.
Equiti Capital is a trading name of Equiti Global Markets Ltd (HE 415535, CySEC 415/22, Spyrou Kyprianou 82, Eurohouse, 1st Floor, Limassol), a prime-of-prime liquidity provider that deems its products unsuitable for retail clients and accepts only professional clients and eligible counterparties.
An Internet Archive copy taken on 21 September 2026, read because equiticapital.co.uk puts our requests through a Cloudflare check. Says Equiti Capital UK Limited (FRN 528328, company 07216039) directs its products at professional clients and eligible counterparties only, and lists its policies, IFPR disclosure and financial statements. The body text gives the registered office as 2 London Wall Place, while the footer gives 11 Ironmonger Lane.
Gives the registered office as Suite 3, Global Village, Jivan’s Complex, Mont Fleuri. Client money is treated under the FSA’s rules and deposited in a client bank account, but may be held by third parties such as intermediate brokers to satisfy collateral obligations, and the company may keep interest earned on it. If losses exceed the funds in the account, the client must pay the excess. A margin call applies when equity falls below 100% of margin, and positions are closed at a stop-out level the company sets from time to time. Currency conversions may carry additional costs and fees that are not stated. Material amendments need five business days’ notice. Complaints may be referred to the FSA; Seychelles law and courts apply.
Same template as the Seychelles terms: client money is treated under the JSC’s rules in a client bank account but may be held by third parties to satisfy collateral obligations, clients must pay any excess of losses over their account balance, a margin call applies below 100% of margin and the stop-out level is set by the company. Jordanian law applies.
Client money is treated under the CMA’s rules in a client bank account but may be held by third parties to satisfy collateral obligations; cash for securities trading is held in a segregated client monies account. Clients must pay any excess of losses over their balance. Material amendments need five business days’ notice. UAE law applies.
Incorporated on 7 April 2010, formerly MBT Financial UK Ltd and Divisa UK Limited (until November 2018). Registered office 11 Ironmonger Lane, London EC2V 8EY since 13 October 2025. Directors: Simon Alfred Dodkin, Steven Robert Reeves and Paul Simon Webb. Persons with significant control: Equiti Group Limited (Jersey, 121985), with 75% or more of the shares, and Abdulraouf Al Bitar, with significant influence or control, both since 16 May 2017.
Filed on 20 August 2026 and audited by Grant Thornton UK LLP, with an unqualified opinion. The company provides execution-only brokerage to professional and institutional customers and pricing and liquidity services to Equiti group companies; net trading revenue was $24.4 million and profit $33,266. Client money is held in segregated trust accounts ($9.6 million). Related parties include Equiti Brokerage (Seychelles), Equiti Group Limited Jordan, Equiti Securities Currencies Broker, Equiti Global Markets, EGM Securities and Bloom Capital LP. Note 26 discloses two claims filed in 2024 over a former client, Blue Isle Markets Inc: a derivative claim in the District Court of Colorado against the company and Equiti AM CJSC seeking recovery of all sums Blue Isle deposited with them, and a claim in the High Court in England by individual investors seeking the value of their investments. The company denies the allegations and no trial is expected before mid-2027. The company is wholly owned by Equiti Group Ltd (Jersey), and its ultimate controlling party is A R Waleed Al Bitar through his majority shareholding.
GLEIF records Equiti Group Ltd (Jersey, 121985) as owned by natural persons. Equiti Brokerage (Seychelles) Limited (8428558-1, Marina House, Eden Island), Equiti Group Limited Jordan (50248) and Equiti Capital UK report a parent without an LEI, Equiti Global Markets Ltd reports a non-consolidating parent, and Equiti AM CJSC, formerly Divisa AM CJSC, a non-public parent.
Says “All clients’ money is safely held in segregated bank accounts under FSA rules and will never be used for any other means” and that money is kept with Tier 1 banks, which are not named. Lists each payment method with processing time and fees: most deposits and withdrawals are free, e-wallet withdrawals cost 1% up to $30 and international bank withdrawals $30.
On 7 October 2026 we searched CySEC’s 1,173 board decisions, the FCA’s list and website, the CVM’s declaratory acts, KNF’s lists, the Japan FSA’s list of warned unregistered firms (25 September 2026), the Indian, Securities Commission Malaysia and Bank Negara Malaysia alert lists and the UAE CMA’s 2026 violations list, and ran web searches for actions by the JSC, the FSA Seychelles, the Central Bank of Armenia and others, for Equiti, Divisa and EGM. We found no regulatory action. The UK company’s accounts disclose the Blue Isle claims, recorded as an allegation.
Complaints go to support.sey@equiti.com and then to compliance, with a final response within eight weeks; dissatisfied clients may in some instances escalate to the FSA, the regulator.
Complaints are acknowledged within three days and answered within 15 to 30 days, then by the compliance department within 30 days; clients who remain dissatisfied may refer the complaint to the Jordan Securities Commission, the regulator.
Complaints are acknowledged within three days and answered within 15 to 30 days, then by the compliance department within 30 days; clients who remain dissatisfied may refer the complaint to the Securities and Commodities Authority, the regulator.
Neither the FCA’s firm-level complaints data for the second half of 2025 nor the ombudsman’s business data for July 2025 to March 2026 includes Equiti Capital UK Limited, and the ombudsman’s decision search offers no business named Equiti or Divisa.
Classic, Standard and Premier accounts offer leverage up to 1:2000 (the Micro account up to 1:500), with average spreads of 1.6 and 1.4 pips or, on Premier, spreads from 0.0 pips and a commission of US$3.5 per lot per side. While the welcome bonus is active, leverage is set to 500:1.
Explains how swaps are calculated and publishes current long and short swap rates by instrument, updated on 6 October 2026.
Says the company is a straight-through processing broker that is not the execution venue and passes orders to a liquidity provider, which it does not name, and explains the execution factors.
Says CFDs are bilateral OTC transactions in which the company acts as principal and counterparty, and ranks the execution factors.
Certificates for licence 20200000026 (First Category, dealing in securities, granted 21 March 2022), showing trading in international markets valid until 31 December 2026 and OTC derivatives and spot currencies valid until 31 December 2025, and for licence 20200000352 (Fifth Category, introduction and promotion, granted 14 November 2025, valid until 31 December 2026).
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