I'd like to make a comment on your original answer. You say:
My answer is No. This is because the rule of inferences to verify a validity of arguments only considers "True" premises. However, to show logically equivalent, we need to consider all possible cases.
You answer doesn't work, because rules of inference do cover all possible cases, and not just those cases where the premises are true. Indeed, rules of inference, and indeed logic in general, doesn't care about truth at all: all it cares about is whether something validly follows from something else. And yes, we often phrase this in terms of truth: "If the premises are true, then the conclusion is true". But note the if: we are not saying that the premises are true. Rather, we are saying: for all logically possible cases, is it the case that if the premises hold, the conclusion holds as well?
For equivalence this is even more clear. Here, we are asking: For all possible cases or worlds, do we have that the one statement holds if and only if the other statement holds? And note that that would be satisfied not only when both statements are true, but also when both statements are false. So yet again, we are not saying that anything specific claim is True.
So, your argument does not work.
In fact, as others have pointed out, you can demonstrate logical equivalence between $\phi$ and $\psi$ using rules of inference (i.e. using formal proofs or derivations). And there are two basic ways to do this:
First, you can show, as Mauro says, that $\phi \vdash \psi$ as well as $\psi \vdash \phi$, i.e. do 2 individual proofs that respectively show that they imply each other. Two statements are logically equivalent if and only if they ligically imply each other.
Second, you can show that $\vdash \phi \leftrightarrow \psi$, i.e. do one proof that shows that the biconditional between them is a logically valid statement. Any biconditional $\phi \leftrightarrow \psi$ is a logical truth (a necessarily tru statement) if and only if $\phi$ and $\psi$ are logically equivalent.