Overview of Equilor
Equilor, a Hungarian brokerage firm established in 1990, offers a wide range of financial services including forex trading, CFDs, commodities, and indices. So far, it has not been verified by any major authority.
Equilor has its own trading platform called Equilor Trader.
Equilor's customer support can be reached through various channels including phone and email. For educational resources, Equilor provides market analyses, macroeconomic forecasts, and investment insights prepared by their team of analysts.
Regulatory Status
It has been varified that Equilor has not been regulated by any major authority.
Pros and Cons
Pros
Established Reputation: Founded in 1990, Equilor has a long-standing presence in the financial services industry, particularly in Hungary.
Various Tradable Assets: They offer a wide range of services, including stock exchange trading, forex trading, CFDs, commodities, and indices, catering to both individual and institutional clients.
Diverse Educational Resources: Equilor provides market analyses, macroeconomic forecasts, and investment insights, which help traders stay informed about market trends and make better decisions.
Stable Customer Support: The firm offers reliable customer support through multiple channels, including phone and email, and has a physical office for in-person support.
Two Account Types Support: Equilor offers E-OPTIMUM Account and STANDARD Account for users to meet their different needs.
Cons
Lack of Regulation: So far, Equilor is not regulated by any recognized financial authority. This lack of oversight increases the risk of potential fraudulent activities and reduces investor protection.
Limited Global Presence: While Equilor is well-established in Hungary, its focus on the local market limits its appeal to international clients.
Market Instruments
Equilor offers a comprehensive range of market instruments suitable for both private and institutional clients. Their offerings include equities, bonds, foreign exchange, and commodities.
Equities can be traded on various stock exchanges worldwide, including Budapest, Warsaw, and Prague, with access to over 29,000 securities.
Bond options range from low-risk government bonds to corporate bonds in multiple currencies, catering to diverse investment strategies.
The foreign exchange market allows trading of nearly 180 currency pairs, providing robust options for currency investment and hedging strategies.
Additionally, Equilor offers commodity trading, covering a wide array of agricultural products and precious metals on both Hungarian and international exchanges.
Account Types
Equilor Investment Ltd. Offers the following account packages:
E-OPTIMUM Account package (with an EQUILOR DIRECT mail account)
STANDARD Account package
Before making the decision to open a client or securities account, please consider the cost of opening an account, which is a factor that decreases yields, and also take into account the fact that additional fees may also apply for other services related to the various account packages.
E-OPTIMUM Account Service:
The E-OPTIMUM Account Service package includes client and securities account management for a fee of HUF 3,000 per quarter. As part of the Optimum account package, clients receive transaction confirmations and account statements in an electronic PDF format sent to their online email accounts provided by EQUILOR. EQUILOR does not provide these documents in hard copy format. A condition for choosing the service is an EQUILOR DIRECT minimum EMAIL ACCOUNT, which is currently free of charge.
STANDARD Account Service:
The quarterly account fee for the STANDARD package is HUF 3,000, with the added condition that a custody fee is charged for dematerialised securities in the Standard and Komfort account packages. Clients who choose our Standard account package receive confirmations of transactions in hard copy format, which are sent to them by mail. Clients receive EQUILOR DIRECT services free of charge with the Standard package.
How to Open an Account？
There are a number of ways you can open an account with Equilor. Perhaps the simplest is to enter the requested data under the “Submit form” menu item, based on which the broker will prepare the necessary contracts. You will only have to come into their offices for the purposes of data verification.
The originals of the following documents are required for opening an account:
For private persons:
For companies:
An authentic certificate of incorporation (no older than 30 days),
Specimen signature,
The above personal documents for the companys representative.
To make an appointment for data verification, please call our central line at +36 1 430 3980.
Trading Plarform
Equilor has its own trading platform called Equilor Trader. It provides users with access to various financial markets, including stocks, options, futures, and forex, along with research tools and analysis features.
Deposit & Withdrawal
Equilor offers HUF transfer service that supports many banks, including MBH Bank Nyrt. and KELER Zrt..
As a client of Equilor Investment Ltd., you can make deposits using the following methods: HUF deposit, EUR payments, USD deposit and GBP deposit.
Customer Support
Equilors customer support is accessible via multiple channels.
Phone Numbers: You can contact them by phone or via email. They provide different numbers to meet customers' needs:
Call-center:+36 1 430 3980
Premium Investment Services:+36 1 430 3995
Private Banking:+36 1 808 9210
Online Trading:+36 1 430 3998
Email: equilor@equilor.hu
Address: They also offer in-person support at their office located at Mozium Office Building H-1026 Budapest, Pasaréti út 122-124. While their support is reliable, it is primarily focused on their local market, which might be a limitation for international clients.
Educational Resources
Equilor provides market analyses, macroeconomic forecasts, and investment insights prepared by their team of analysts. These resources are available on their website, helping traders stay informed about market trends and make better-informed decisions.
Conculsion
Equilor is a brokerage firm that offers a diverse range of financial services and products to its clientele. Through its proprietary trading platform, Equilor Trader, users are able to access various markets and utilize robust research tools. While the platform is designed with user-friendly features, it's worth noting that Equilor operates with some limitations, such as a lack of regulatory oversight, a narrower selection of securities, and potentially higher fees compared to other platforms. Despite these considerations, Equilor remains a viable choice for traders in Hungary who are seeking a comprehensive brokerage service.
FAQs
Q: What services does Equilor offer？
A: Equilor provides a range of financial services, including stocks, exchanges, bonds and commodities.
Q: What types of investments can I make through Equilor？
A: Equilor offers a variety of investment options, including stocks, bonds, mutual funds, ETFs, and more, allowing clients to diversify their portfolios according to their investment goals and risk tolerance.
Q: How does Equilor ensure the security of my investments？
A: Equilor employs advanced security measures to safeguard clients' investments, including encryption protocols, firewalls, and multi-factor authentication, as well as adhering to strict regulatory standards and conducting regular audits to maintain the integrity of its systems and processes.
Q: Can I access my Equilor account online？
A: Yes, Equilor provides clients with online access to their accounts through a secure web portal or mobile app, allowing them to monitor their investments, execute trades, and access account statements and other important documents anytime, anywhere.
Q: Does Equilor offer any educational resources for investors？
A: Yes, Equilor offers a range of educational resources, including articles, webinars, and seminars, designed to help investors enhance their financial literacy and make informed investment decisions tailored to their individual needs and objectives.
