EXHIBIT 23.5



                          INDEPENDENT AUDITOR'S CONSENT


We consent to the incorporation by reference in this Registration Statement of
Equitex, Inc. on Form S-8 of our report on Key Financial Systems, Inc., dated
March 30, 2001, which appears in the Annual Report on Form 10-K of Equitex, Inc.
for the year ended December 31, 2002.



McGLADREY & PULLEN, LLP

Fort Lauderdale, Florida
December 12, 2003