Guitar EQ pedals will have a number of different frequency ranges that can be controlled by a slider or a knob on the pedal. These are normally called frequency bands and different EQ pedals will alter different frequencies within each band. Here are some of the more common EQ types available.
3-Band EQ – Like the EarthQuaker Devices Tone Job.
5-Band EQ – Like the Mesa Boogie Graphic EQ Pedal.
7-Band EQ – Like the Boss GE-7 which is one of the most famous EQ pedals on the market.
10-Band EQ – A 10-band EQ gives you loads of EQ control like the MXR 10 Band EQ.
Multiple band EQs differ in that they all give you different aspects of control. The fewer the bands, the wider the spectrum they control. This means, a ten-band EQ will give you laser precision whereas a 3-band EQ is more of a general sound. Both have their pros and cons but beginners would probably prefer the simplicity of a 3-band EQ.
Graphic EQs are quite easy to use because they give you a visual perspective of what your EQ looks like. Normally, they allow you to easily boost or remove certain frequencies and allow you to see what your EQ looks like as a whole. I'd recommend a graphic EQ if you're a control freak and want to know exactly what you're doing to your guitar signal to get it to sound a certain way. The Boss EQ pedal is a great example of a small, simple, but effective graphic EQ pedal. Another very popular graphic EQ is the MXR EQ pedal range - either the 10-band or the 6-Band.