Is Equiti Legit? Licences, SPK Status and equiity.com Fake

🔴 Licence and Reliability Analysis

• ● SPK Licence: Equiti is not authorised by the SPK. It does not appear on the SPK list of authorised institutions. Platforms without an SPK licence have no legal authority to serve investors in Türkiye.
• ● FCA Licence (528328): Equiti Capital UK Limited is licensed by the UK Financial Conduct Authority. The FCA is a respected regulator, but this licence does not cover investors in Türkiye.
• ● CySEC Licence (207/13): Equiti Group Limited is licensed by the Cyprus Securities and Exchange Commission.
• ● Fake Site Warning: "equiity.com" (with a double i) is a fake website created using the Equiti name. Fraudsters imitate the names of legitimate firms with small letter changes.
• ● Withdrawal Reports: Some investors report delays in their withdrawal requests.

⚠️ Risk Factors and Warnings

• ● Risk of Trading Without an SPK Licence: Trading with a platform that has no SPK licence in Türkiye leaves the investor without legal protection. Avenues of recourse under the Turkish legal system are limited in a dispute.
• ● Fake Site Fraud: Fake sites such as "equiity.com" exploit Equiti's legitimacy. Small differences in the URL go unnoticed, so the website address needs to be checked carefully.
• ● Withdrawal Delays: Investor reports describe delays in withdrawal processes.
• ● Jurisdiction Problem: Even where an FCA or CySEC licence exists, legal processes are complex and costly for investors in Türkiye. In a dispute, proceedings before UK or Cypriot courts may be required.
• ● Leverage Difference: SPK-licensed intermediary institutions are subject to Turkish regulation. On platforms without an SPK licence, leverage ratios may be higher, which creates additional risk.

📊 Findings

• ● Fake Site equiity.com: The address "equiity.com" (double i), which imitates Equiti's official domain, has been identified. This site was created to trick investors into depositing money. It uses typosquatting (exploiting spelling mistakes in addresses).
• ● Effect of the FCA and CySEC Licences on Investors in Türkiye: The FCA and CySEC are respected regulators. However, these licences do not cover investors in Türkiye. Without an SPK licence, legal services cannot be provided to investors in Türkiye.
• ● Different Legal Entities: Equiti operates through different legal entities in different countries. Which entity an investor in Türkiye is served by is critical for legal protection.

🛡️ Protection Guide

• ● SPK Check: The official SPK website publishes the list of authorised institutions.
• ● URL Verification: The website address needs to be checked carefully; fake sites such as "equiity.com" exist.
• ● SPK-Licensed Institutions: For investors in Türkiye, working with SPK-licensed intermediary institutions is the route that carries legal protection.
• ● For detailed information and legal support, you can contact Savun Law & Consultancy.

Frequently Asked Questions