Review summary
Equitros, operating under the entity name Covenance Limited, is a relatively new broker established within the last 1–2 years and registered in the United Kingdom. However, its business scope is flagged as a potentially problematic operational region, raising concerns about its actual place of business. According to WikiFX data, the broker holds no valid authoritative forex trading licenses, and its regulatory status is listed as 'Not Regulated'. This lack of oversight means traders face significant uncertainty regarding the safety of their funds. The broker offers a maximum leverage of 1:200, though specific minimum deposit requirements and trading platforms (such as MT4 or MT5) are not publicly disclosed. With a WikiFX overall score of 1.20 out of 10, Equitros presents a very low-rated profile. No public exposure complaints have been recorded at this time. In summary, Equitros operates without recognized regulatory oversight, and traders should exercise extreme caution when considering any engagement with this entity. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-15)
