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Is Equity Edge too good to be true?

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Is Equity Edge too good to be true?

Signing up to Equity Edge might seem like a great way to take up trading, but not everything about this platform is as promising at it seems.

Joining a prop firm like Equity Edge may seem very promising, but it is always best to tread carefully if you notice any red flags.

Is Equity Edge too good to be true?

Breaking into the world of trading can be quite tricky. This is why many people join a prop firm when they are first starting out.

But though there are certainly many legitimate prop firms out there that can provide traders with the means to practice their trading skills – there are also many platforms parading as legitimate prop firms, which do not actually intend to pay out traders.

Figuring out whether new-to-the-market platforms like Equity Edge (equityedge.co.uk) are legitimate or not can be quite difficult.

But, in this particular case, there are a few red flags that you should take note of, before you pay over to start your first challenge.

Equity Edge is still quite new

The Equity Edge domain is still quite new and was only registered in November of 2023 (and it looks like the company was only incorporated in November of 2023).

And, while there is certainly nothing wrong with being a new company, it is often safest not to be the first to jump on the bandwagon if a company like Equity Edge has not proven their worth in the market yet.

Other things to note here is that the Equity Edge domain name will expire in 2016, and that the director of the company Berkay Gurlek, does not have any notable previous experience in the financial sector.

The reviews are mixed

At first glance, Equity Edge’s 4.4 out of 5-star rating on Trustpilot seems quite promising. However, although 79% of the company’s reviewers gave it 5 stars, the negative 1-star reviews do create a worrisome picture.

The 5-star reviews call Equity Edge the “best prop firm out there”, “helpful” and more, whereas the negative 1-star reviews complain of various account “issues”, a lack of support from the support team and a failure on the business’s part to send account information once the challenges have been completed.

This kind of stark disconnect between reviews should always be a red flag that positive reviews have potentially been bought in some way or should at least be taken with a grain of salt.

Remember: If it seems too good to be true, it probably is

At the end of the day, the best way to avoid getting scammed by illegitimate prop firms – is to trust your instincts.

If the platform promises high returns for little to no investment, or offers large rewards for referrals and other actions, then the offer is likely just too good to be true.

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