Brokerage companies play a key role in the financial market, providing investors with access to buying and selling securities, managing assets, and other financial instruments. However, not all brokers act in good faith. In our Equities Reserves review, we will explain why the company receives so much negative feedback.
Is Equities Reserves a Trusted Platform?
To be considered trustworthy, a broker must meet several conditions. First and foremost, they must be licensed and regulated by a financial authority. The broker should offer transparent terms of cooperation, clearly explain all fees and risks associated with investments, protect personal data, and use secure methods for conducting financial transactions.
However, Equities Reserves does not meet any of these conditions, making their actions not only unethical but also illegal. This broker claims to be registered in the UAE but lacks the necessary license to operate in the country.
Concerned About Withdrawal?
Clients are offered a wide range of trading instruments, as well as a guarantee of negative balance protection. The broker’s website states zero commission for CFD trading. Equities Reserves offers several trading accounts, with a minimum deposit of 5000 euros. There is also a plan costing 10,000 euros, which is a very high starting threshold not suitable for beginners.
In addition to traditional currencies, users can fund their accounts with cryptocurrencies. However, the terms for withdrawals are not specified. The site features a section with educational materials, and beginner users can get help from an analyst via TeamViewer, a risky service that gives malicious actors access to investors’ personal data.
According to reviews and complaints, users can indeed withdraw money from the site, but only in the initial stages. This creates the appearance of successful investments, and once deposits become large enough, the broker stops responding to requests and refuses to send money.
How Long Does The Broker Work?
The company’s website claims it has been in operation since 2015. This is contradicted by checking the domain registration date. According to Whois, the site was created only in 2024. This is an obvious attempt to “inflate the age” of the company to add legitimacy. Attention! This review belongs to InvestExpertHub.
Other Signs of Fraud
âť—A large number of bonuses.
âť—Unjustifiably high leverage.
âť—Unjustifiably high starting deposit.
âť—Disclaiming all responsibility in user agreements.
Equities Reserves Review Conclusions
Equities Reserves is an unlicensed, unverified company, accountable to no regulatory body and therefore able to engage in fraudulent activities with impunity. Trying to outsmart them and still profit is a reckless risk. It is much better to find an honest broker.
âž•Educational materials.
âž–High requirements for starting deposits.
âž–Offshore location reduces chances of recovering funds.
âž–Lack of a license indicates fraudulent activity.
FAQ
How is Equities Reserves regulated?
Despite the claims on their website, it is not regulated at all.
Is it safe to work with this broker?
No, the risk is too high.
How can I get my money back?
The only viable solution is to contact law enforcement. Even chargeback services cannot guarantee the return of funds.
Brief Conditions
|
Type |
Forex |
|
Location |
UAE |
|
Establishment Year |
2024 |
|
Regulation |
❌ |
|
Customer Service |
|
|
Languages |
En, De, Fr, It |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
❌ |
|
Minimum Deposit |
€5,000 |
|
Max. Leverage |
1:100 |
|
Scalping Allowed |
âś… |