Equity Gates Review 2024: The Pros And Cons Of The Trading Broker

Traders need more than just money to invest in the global financial markets. In fact, they need to be committed to learning and a broker that provides them with a secure, easy and fast environment to trade in. 

Now that there are many hundreds of instruments across several asset classes, your broker of choice should support a wide range of markets, allowing you to diversify your portfolio and mitigate investment risk. In this article, we will look at Equity Gates and its offerings in detail so traders from every corner of the world can decide whether it suits their needs. 

Account conditions

The next step after registering with Equity Gates is deciding which trading account type you want to hold. The firm currently offers four account options (Bronze, Silver, Gold, and VIP Platinium), each with a fixed number of features. 

Regarding spreads, Bronze account members use spreads from 2.8 pips while the spreads of VIP Platinium account members fall toward 0.1 pips. Leverage is flexible and ranges between 1:100 and 1:400, depending on your account type. 

There are some main features that users of any account category can benefit from, such as assistance from a personal account manager, unlimited number of open positions, large trade size from 0,01 up to 50 lots, STP execution, and allowed scalping. That’s why those with a small account can still enjoy trading with the brand. 

Verification is mandatory to deposit funds to trading accounts. Equity Gates requires registered users to verify their identity following KYC rules. We completed this process smoothly, so we think it is not a problem that traders may encounter. 

Asset variety

As we said earlier, diversifying allows you to take advantage of different trends and opportunities. We are pleased to find that Equity Gates customers can gain access to some of the most popular financial markets, including forex, cryptocurrencies, commodities, indices, shares, and precious metals. What’s more important is that the brand promises to add new products to its list of tradable assets constantly. 

The company doesn’t charge users any trading commissions, suitable for newcomers with limited capital. Order execution is safe and fast as well. We guess this is mainly due to the popular MT4 trading platform the broker utilizes. 

Trading software

The good news is that the firm has made the widely used MT4 trading platform available. This software lets clients place trades on a desktop, laptop, mobile phone, or tablet via the web browser. Thus, with Equity Gates, you can track your trading anywhere and anytime using the operating system you have at hand.

Additionally, it offers tons of tools and features that can cater to the different needs of traders. We have traded on the MT4 platform for a long time and don’t have any reasons to switch to alternatives. 

Pros and cons

Pros

• Access to varied tradable markets
• 24/5 customer support service 
• Simplified and free sign-up process
• No hidden fees
• Professional and dedicated account managers 

Cons

• No phone support
• Only one platform is offered

Bottom line

Equity Gates is an online brokerage platform that manages to keep pace with the latest advancements in the sector. There are plenty of assets for traders to choose from, which are still updated. Overall, we believe it is an ideal place if you are interested in gaining broad exposure to the financial markets.