Equities Trading Commission has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Fake regulator
Phones: 12022497490, fax 12023188716
Addresses: 1800 K Street Northwest #530 Washington DC 20006 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.gov.eqtc.us.
The reporting at Equities Trading Commission is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Automated trading options|Multi-device support
Cons: Inactivity fee applies after 12 months|Wait times can be long during peak hours
The platform at Equities Trading Commission is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over a year of dealing with this, I have had enough.
Pros: High security standards|Demo account available|Customizable dashboard|Intuitive for beginners
Cons: Website design could be more modern
I have been trying to close my account with Equities Trading Commission for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Stable platform|High security standards|Full transparency
Cons: Wait times can be long during peak hours
KYC with Equities Trading Commission is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Detailed reporting|Responsive team
Cons: Mobile app could be improved|No live chat on mobile
The only good thing about Equities Trading Commission is that they remind you why regulation matters. I found them through my accountant's suggestion. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Real-time alerts|Excellent charting|Detailed reporting|Segregated accounts
Cons: Cannot customize dashboard fully
I had a dispute with Equities Trading Commission and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Detailed reporting|Easy withdrawals
Cons: No live chat on mobile|Withdrawal takes 1-2 business days
Equities Trading Commission changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Low minimum deposit|Automated trading options|Transparent fees|Risk management tools
Cons: Some tools only available on higher tiers|Mobile app could be improved
I am in a dispute with Equities Trading Commission over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Instant funding|Social trading features
Cons: Limited cryptocurrency options|Cannot customize dashboard fully
I closed a profitable position at Equities Trading Commission and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Transparent fees|High security standards|Multi-device support
Cons: None so far|Charting tools need more indicators
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Equities Trading Commission said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Personal attention|Fast deposits
Cons: Research section could be deeper