Equiti vs Zenfinex

Equiti or Zenfinex – which is better for UK traders 2024? Compare Equiti and Zenfinex in this detailed breakdown of their platforms, features and fees.

Equiti vs Zenfinex Comparison Table 2024

Equiti	Zenfinex
2.8	Not Rated
Equiti is ranked #97 among CFD brokers.	Zenfinex is ranked #97 among CFD brokers.
Review	Review
Equiti is an international STP brokerage, with built-in analysis tools and a wide range of CFD and forex markets. The broker also offers sky-high leverage rates of up to 1:2000 and is regulated offshore for retail traders by the Seychelles FSA, among other tier-2 authorities.	Zenfinex is a UK-headquartered broker offering social trading, low fees and MT4.
Pros
I'm pleased that there's a strong range of accessible payment methods, including bank wire, cards, e-wallets and cryptos The free demo with unlimited usage is a game-changer for those who want to continuously test their strategies DeFi enthusiasts can speculate on an impressive range of 80+ cryptocurrency CFD products I appreciate the 24/6 customer support available in 6 languages, via email and live chat High leverage rates of 1:2000 are on offer for experienced margin traders
Cons
I think retail clients should look elsewhere for robust regulatory oversight since Equiti's main brokerage branch is regulated offshore Equiti falls short in terms of educational material and extra tools, with one of the most basic offerings I have seen I'm disappointed that bank transfer and e-wallet withdrawals are subject to a fee of 1% up to $30
FCA Regulated
Yes	Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies	Forex, CFDs, indices, commodities
Demo Account
Yes	Yes
Minimum Deposit
$500	$50
Payment Methods
GlobePay Neteller Skrill Visa	Credit Cards Mastercard Neteller Skrill Swift Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSA, JSC, CMA, SCA, CBA, FCA	FCA, SVGFSA
Mobile Apps
Yes	Yes
iOS App Rating
Android App Rating
Margin Trading
No	No
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
No	Yes
Copy Trading Platform
	Zenfinex offers social copy trading through the interactive iOS and Android ZenConnect mobile app. Investors can buy and sell on the financial markets using the tips and positions of other traders.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Commodities
Gold	Gold Silver
CFD
The broker's CFD range encompasses all my favorites: forex, US, UK and European stocks, international ETFs, energy commodities, global stock indices and cryptos. They're all available with competitive ECN conditions from within the MT4 or MT5 trading platforms.	Leveraged contracts for difference are available on multiple financial markets.
Leverage
1:500	1:30 (UK), 1:400 (Global)
FTSE Spread
1.2	2.0
GBPUSD Spread<
0.2	0.3
Oil Spread
0.028	0.05
Stocks Spread
Variable	N/A
Forex
During my testing, I uncovered nearly 70 foreign exchange CFDs - not a bad line-up compared to other brokers I review. The broker’s STP execution model means that execution times for me are generally quite low and spreads are competitive, starting from 0.0 pips.	Ultra competitive spreads are available on forex pairs at Zenfinex.
Assets
65	50+
GBPUSD Spread
0.2	0.3
EURUSD Spread
1.6	0.1
EURGBP Spread
0.9	0.3
Cryptocurrency
I’m pretty happy with Equiti’s 1:10 leverage and spreads from $5 on popular crypto pairs like BTCUSD. Savvy clients can also utilize the broker's signals and market news to get crypto trade ideas and keep abreast of industry developments.
Spread
Variable
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Equiti	Zenfinex
Review	Review
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