PropŞikayet.com · Special Company Investigation
Equity Edge · Investigation Report (2026)
A $100K funded account sold for $65 through coupon promotions, a Saint Lucia offshore registration, a 30% lifetime affiliate wheel, Turkish co-founder Berkay Gürlek, and news-hour account blowups.
Verified file · critical security warning: Equity Edge is regulated by neither the SPK (Türkiye) nor the FCA (United Kingdom). It is registered in the Caribbean island of Saint Lucia. The 30% lifetime referral commission and unrealistic pricing point to a typical churn-and-burn risk profile.
$65
Discounted price of a $100K Instant account
30%
Affiliate commission · 3× the industry norm
2025-00306
Saint Lucia registration number (zero oversight)
4.5 / 10
PropŞikayet trust score
1. Corporate Identity & Structure
Equity Edge Ltd launched in 2023 and is marketed publicly as a modern proprietary trading firm. Official records show the following corporate identity:
| Registered entity | Equity Edge Ltd |
|---|---|
| Registration | Saint Lucia (Caribbean) · no. 2025-00306 |
| Registered address | Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia |
| Website / support | equityedge.io · support@equityedge.io |
| Claimed scale | 280,000 users in 160 countries, $13M+ total payouts (unverified) |
| Operational core | Registered on paper in Saint Lucia; management and operations sit in London. No local entity anywhere, including Türkiye. |
2. Co-Founder: Berkay Gürlek (@berkayglife)
The most visible figure at Equity Edge is co-founder and director Berkay Gürlek, who maintains an active social presence:
| X (Twitter) | @berkayglife (8,000+ followers, London) |
|---|---|
@berkayglife (3,500+ followers, tags @equityedgeuk) | |
| Berkay Gurlek · Co-Founder & Director at Equity Edge Ltd | |
| Industry background | Consulting at Webber Fox, Trio Marketing, Flickto; billed as a 2026 Great British Entrepreneur Awards finalist |
| Role | States he personally runs risk management, product design and aggressive marketing; frequently circulates promo codes that put $100K accounts within tens of dollars |
3. Account Models & the $65 Pricing Paradox
Equity Edge offers six models (1-step, 2-step and directly funded "Instant Funded"), but the pricing policy is what reveals the business model:
| Account & size | List price | Coupon price | Industry norm (FTMO / E8) | Sustainability |
|---|---|---|---|---|
| $50,000 Instant Funded | $299 | $40 (50KFOR40) | $300–$350 (evaluation) | Critical risk |
| $100,000 Instant Funded | $549 | $65–$73 (100KFOR73) | $500–$600 (evaluation) | Critical risk |
| $200,000 Instant Funded | $999 | $199 (200KFOR199) | $1,000+ | High risk |
Financial math reminder: no prop firm can sell a real $100,000 funded account for $65. That price does not even cover monthly liquidity data and server costs. This pricing is only viable as a B-Book model that assumes ~95% of traders will be eliminated by rule breaches · or blocked with excuses at withdrawal time.
4. The 30% Lifetime Commission Affiliate Wheel
- Flat 30% commission: standard firms pay 10–15% referral fees; Equity Edge pays 30% on every referred purchase.
- Lifetime attribution: once a user enters through your code, future account purchases keep paying you.
- Payout rails: fast bank-wire and crypto commission transfers.
A 30% rate destroys the neutrality of independent traders and influencers who push the code: promoters avoid disclosing the firm's risks and rule gaps to their followers.
5. Türkiye Expansion & Legal Status
The site serves a Turkish interface via equityedge.io/tr and targets Turkish traders through Gürlek's social network. The legal reality on the ground:
- No SPK license: no registration, authorization or brokerage agreement with Türkiye's Capital Markets Board.
- No counterparty: no legal entity, office or bank account inside Türkiye that could be subject to enforcement.
- Disputes: users fall under Saint Lucia courts and law; Turkish consumer arbitration boards and courts have no enforcement power.
6. Hidden Breach Traps: News Trading & Payout Denials
The bill for ultra-cheap accounts arrives at withdrawal time, via strict and open-ended rule clauses:
- News-hour blackout: holding positions or trading around high-impact calendar events is treated as a hard breach. Even profitable trades get zeroed and the account terminated under "exploiting news volatility".
- Consistency & volume anomalies: on withdrawal requests the risk team runs retroactive lot-size analysis; if one trade exceeds a share of total profit, it is deemed gambling or inconsistent strategy and erased.
7. Community Complaints & Field Reports
- Şikayetvar (Türkiye): complaints about payment delays and balances zeroed by news rules.
- Reddit (r/PropFirmTester): posts describing funded accounts terminated for alleged rule breaches right at withdrawal, despite aggressive marketing.
- Selective payment policy: quick "showcase" payouts for loud influencers, while individual traders are stalled for weeks under review and document requests.
8. PropŞikayet Final Verdict & Protection Guide
Scoring matrix
CRITICAL RISK / TIER-3| Criterion | Score (/10) | Risk assessment |
|---|---|---|
| Legal protection & regulation | 2 / 10 | Saint Lucia registration means zero oversight; no UK or Turkish counterparty. |
| Price / sustainability ratio | 3 / 10 | $65 for $100K is only financeable by eliminated traders or unpaid winners. |
| Promotion ethics (affiliate) | 3 / 10 | 30% is far above industry norm and corrodes independent review culture. |
| Payout transparency | 5 / 10 | Small amounts flow; rule blockers engage as volume grows. |
Advice to traders: treat any money sent to Equity Edge as fully at-risk spend. If you ever profit, archive your entire trade history, order logs and rule screenshots; never entrust meaningful capital to this kind of offshore structure.
File a Complaint: Have you experienced a payout refusal or arbitrary breach with Equity Edge? Return to homepage to file a report →
Verified Rule Change History
View All Rule Changes Stream →Official rule revisions and contractual adjustments verified by PropŞikayet Research Desk directly from official documentation.
Operational Notice
Transparency
Official help text revised on "Trading Rules and Guidelines": 0 lines added, 1 lines removed. Review the excerpt before trading.
View contract text diff excerpt
Contact
FAQ
About
Blogs
Subscribe to our newsletter
Send
© 2025 Equity Edge Ltd All rights reserved.