Equity Fort review: EquityFort is a scam, and we’ll show evidence to support our accusations. Namely, it’s said to be a brand of a dissolved British company, provides a deficient platform and has indeed filled its Terms with fraudulent clauses. The rest of the details you need to know are discussed in the full EquityFort review.
They have absolutely identical sites, only the name has been changed from WEALTHPACT to EquityFort . Within a few weeks of WEALTHPACT operation, many traders have already figured out the essence of the scam. To get rid of the plume of negative reviews and continue the deception, the scammers simply made a rebranding.
Also on the server of both sites are files of the other site:
Are Funds Safe with EquityFort?
With such lack of information and EquityFort being offshore, funds are not safe. Security of funds is a huge problem with offshore brokers. A red flag that we noticed is EquityFort is withholding vital information to users.
EquityFort could go bankrupt from one day to another since there are no banking information about this broker.
EquityFort is an offshore broker. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with EquityFort.
EquityFort ’s web-based software is worse than useless. Trading on such an ugly and inconvenient platform is a nightmare, not to mention that it doesn’t feature tools people take for granted nowadays- Expert Advisors, for example.
Speaking of software, we’d like to offer the high-rated MetaTrader4 brokers and MetaTrader5 brokers on both lists. We recommend MT brokers because both terminals are market leaders packed with sophisticated indicators, reliable charting tools and EAs making automated trading possible.
The EUR/USD spread delivered by the software is 0.2 pips, which is a fantastic Buy/Sell difference, but EquityFort is a scam, so don’t get excited.
In fact, most regulated brokers provide affordable spreads of 1 pip or below, and if you follow the links provided throughout the review, you’ll find high-rated real brokers, not a joke like EquityFort .
As to leverage, the broker reviewed states to provide up to 1:300 for retail clients, thus exposing itself as illegitimate- UK brokers can’t offer such a ratio. Britain, as well as other countries, chose to restrict leverage because prior to the interventions, more than 90% of the people were losing money due to misuse.
|Trust the Equity Fort ?|
EquityFort DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit is a subject of inconsistencies- it’s either $250 (according to FAQ) or $10 000 (according to Home Page). In any case, though, you shouldn’t send those scammers a penny, let alone 10K.
As to funding, EquityFort states to accept a variety of payment methods, but their deposit system happened to be mysteriously dysfunctional, so we can’t verify the broker’s claims.
As for withdrawals and transaction fees, EquityFort imposes a minimum amount for Wire Transfers- $300, but the broker isn’t expected to send any money back to traders.
The inactivity procedures are frightening, though. First of all, EquityFort claims that an account becomes dormant after a year of no trading/deposits/withdrawals, and the annual charge for inactivity is $100 annually. However, if you do not log in for 21 consecutive days, you’ll be charged $50. That’s a scam!
Overall, we exposed EquityFort as fraudulent in this review, so make sure to avoid it.
Now it is observed that almost every week there are massively negative reviews. People accuse the project of fraud and demand a refund.
Important!If you have come across this investment project, please describe your cooperation in the comments on our website. Your review will greatly help other Internet users to save their time, money and not mess with Equity Fort — https://www.equityfort.com/
Equity Fort (equityfort.com) is another scam from an anonymous group of scammers who regularly create new pseudo broker sites to scam people. Fraudsters adhere to complete anonymity, hide behind someone else’s legal data. Considering all the checks, it is strongly discouraged to invest in the Equity Fort.
The overall trust rating is the average between the opinion of our independent expert and the ratings of the users of this site.