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Equity Broker is regulated????
Chris
Monaco
Aug 17, 2022
ANSWER Equity Broker is not a licensed or regulated broker even though it states offers that look good to be true. Equity Broker claims to be owned and operated by Xertz Consulting Ink, a company registered in the Commonwealth of Dominica with registration number: 2020/IBC00063.But please be informed that, Dominica has no regulatory authorities that issue licenses for forex trading or regulate entities engaging in forex services.What's more, the Germany Federal Financial Supervisory Authority (BaFin) issued a warning that Equity Broker does not have authorisation under the KWG to conduct banking business or provide financial services. You can check the full warning from here.The truth is, Equity Broker is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Equity Broker and trade with licensed brokers.
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