Exhibit 23.5







                       INDEPENDENT AUDITOR'S CONSENT


We consent to the incorporation by reference in this Registration Statement of
Equitex, Inc. on Form S-3 of our report on Nova Financial Systems, Inc., dated
March 30, 2001, which appears in the Definitive Proxy Statement for Special
Meeting on Schedule 14A filed on May 16, 2001. We also consent to the reference
to our Firm under the caption "Experts" in the Prospectus, which is part of this
Registration Statement.


                                                    /s/ McGLADREY & PULLEN, LLP
                                                    McGLADREY & PULLEN, LLP

Fort Lauderdale, Florida
November 13, 2001