1 review for Equiity is not recommended
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Singapore
1 review
1 helpful vote

Equiity are Scammers and thieves, they will rob you. RECENTLY THEY CHANGED THEIR NAME (SMARTSTP)
May 28, 2024

BEWARE TO DEAL WITH THIS COMPANY AND THEIR TACTIC, THEY WILL MISLEAD YOUR ACCOUNT TO A LOSS AND PUT ALL THE BLAME ON YOU. YOU WILL NEVER PROFIT ANY THING WITH THEM.
I was contacted by an online trader from Equiity.com (MRL Investments), who impersonated the well-known company Equiti.com based in Dubai. He claimed that his company was renowned in Dubai, using cutting-edge technology and offering guaranteed returns. Trusting his assurances, I opened a trading account with them and used their online platform, which initially seemed to work well, showing some profitable trades. Under their insistence and pressure, I invested more, as they promised even greater returns. However, when I attempted to withdraw my money, they persuaded me to keep it in the account to increase trade volume. They instructed me on which positions to open and close, claiming their expertise would yield better results than trading on my own. Unfortunately, my trades began to fail, and my accumulated profits started to decline. They pressured me to invest more, insisting that this would reverse the situation by increasing my trade volume. They warned that I would lose everything unless I made additional investments, a tactic they repeated multiple times. As my trades continued to lose, I refused to add more money. They then threatened to "kick me off the market" due to my failing trades and stated they would take over my account and sell it to another investor if I did not comply. Eventually, I lost my account and all my money. They closed my account and got away with my funds. It is important to note that this company operates under a license issued by Mauritius and has no affiliation with the legitimate Equiti company in Dubai. By now I know that all these actions were in direct violation of their own Terms and Conditions, as well as the regulatory framework they must comply with.
NOTE:RECENTLY THEY CHANGED THEIR NAME (SMARTSTP) AFTER EQUITI DUBAI SEWED THEM AND THEIR COMPANY IS BANNED FROM ANY ACTIVITY IN U.A.E.

Tip for consumers:

Do not trust equiity which is now called smart stp, they are thieves and scammers. read my complete review about them. Recently their company is banned in U.A.E.

Date of experience: May 28, 2024
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