The founders of dubious brokerage companies are registering more and more new brands. Many of them appear on the financial markets with one purpose — to deceive novice traders and take over other people’s money. You should be very careful to be able to distinguish dangerous new projects from reliable brokerage firms. We offer you today to review Equity Pulse, a new company about which there is little information. Therefore, we need to find out — is it a fraudulent platform or not.
Key Features
- Company Name: Equity Pulse
- Website: https://equity-pulse.net/
- Available Contacts: [email protected]/
- Foundation: Not indicated
- Services: Trading
- License: No
- Initial Deposit: €5,000
From Sign-Up to Payout
The official site is well-optimized and the interface has a simple design. The bilingual panel supports English with an icon in the form of the U.S. flag, and German, with the symbol of the flag of the FRG. These details indicate the intended audience of the resource. Note that you can choose your country from more than a hundred suggestions in the registration form.
The content of the main page is a mixture of template phrases designed to motivate potential clients to open an account and immediately start trading. The broker does not skimp on praising the platform’s characteristics, calling it “reliable, innovative, transparent”. However, there is no confirmation of this.
You must provide all personal information about yourself when filling out the account registration form. We do not advise you to do this until you are sure of the safety of this resource.
We did not see any information on the site about the history of the project and its owners. In addition, there is no user agreement presented, there are no guarantees of the safety of the client’s data and their deposit. Finally, the logos of payment systems indicated on equity-pulse.net do not tell us anything about the deposit/withdrawal procedure.
Our Trading Experience With Equity Pulse
We can evaluate the trading terminal of this broker thanks to the open access to it in the “Trading Room” section of the website. It is a primitive WebTrader, which is only available in the web version. The developers do not offer us an iOS/Android app.
You will not find on the terminal the “multifunctionality” and “innovative packages” from different asset classes promised by the firm. The intermediary offers to trade only crypto-assets.
The broker presents its platform as MT4, although it has nothing to do with MetaTrader. Such a trading program is clearly not enough for serious professionals.
The terminal capabilities are limited to such basic functions as technical analysis, basic indicators, customization options, charts and timeframes. What about copying trades, automatic trading, loading custom indicators, and other promised “advanced” tools?
You should not believe the laudatory descriptions of Equity Pulse trading software. The company greatly exaggerates the functionality of their platform.
The Reality Check
The firm has classified all information about the project as much as possible, to the point that it does not even name the country where its headquarters is located. The legal address of the company is not mentioned anywhere, as well as the presence of authorization for brokerage activities from the financial commissions.
We cannot speculate on the location of this organization even by the telephone operator code, as there are no numbers in the contacts.
We did make an attempt to locate the brand in the global corporate database. However, out of the dozens of similar options offered, we did not find any company containing “Equity Pulse” in its name. Most likely, the registered legal entity operating this site does not exist officially in any country. Therefore, we don’t see the point of looking for a license of a broker operating illegally.
How Long Has Equity Pulse Been in the Game?
When the platform was founded is an important question. There is no information on the start date of the project. Only the year 2024 is indicated in the website footer.
Indeed, the website domain was registered only on July 30, 2024. That is, Equity Pulse had only been running for a few weeks at the time of our review. We find it hard to believe that an “industry-leading” broker has such a modest track record. On the other hand, we did not see any exaggeration of the resource’s lifespan, as many fraudulent services usually do.
Extra Fraud Indicators
There are some notable points in the terms of trading of the intermediary that we should comment on. First, the minimum deposit of €5,000 is associated with one-day companies that expect to cheat inexperienced traders. Second, the leverage from 1:300 to 1:500 clearly indicates a lack of regulation by reputable financial commissions, which limit the size to 1:30. Thirdly, commissions, spreads, and other fees are not specified.
It is not superfluous to mention that the experience and competencies of personal analysts are not disclosed. There is no guarantee that these “specialists” can only persuade newbies to make deposits and help them dump their funds into the pockets of crooks.
What does the broker earn? Maybe it sells users’ data to other scammers? Or is it a B-book platform that earns income on the fact that traders lose money? So, we have a lot of questions for this intermediary.
Is Equity Pulse the Right Fit?
While studying the account opening procedure and withdrawal methods, we had suspicions about the fraudulent activities of this intermediary. Then we were convinced of its unreliability. It is important to understand that the anonymous owners of equity-pulse.net, who break the law by working without a license, can easily refuse your withdrawal and steal your money. Although you are capable of earning profits on financial markets, you should not maximize the risk of your capital by cooperating with such a dubious broker.
I am a novice trader and I was bribed by the promises of the company representatives that a professional analyst would help me trade and I would definitely have 15% profit per month. However, I saw that analysts are good psychologists and they have a trusting relationship. Nevertheless, I had a series of losing trades after the first two successful ones, although I had the opportunity to get a low profit rather than go in the red. Based on my experience with Equity Pulse, I advise everyone to double-check the advice of their consultants 10 times and close trades on their own. You will probably get less profit, but you won’t lose your money because of bad advice.