ActivTrades offers a diverse range of advanced trading platforms, catering to both beginners and professional traders. These platforms provide intuitive interfaces, robust analytical tools and reliable execution for an exceptional trading experience. On the downside, customers can anticipate a range of non-trading costs, including inactivity fees, currency conversion charges, and additional fees for transacting with specific payment methods.
ActivTrades Additional Fees
ActivTrades does not impose a minimum deposit requirement for opening an account, allowing traders to fund their accounts with any amount they activtrades forex broker review choose. This flexibility makes it accessible for both beginner and experienced traders. This extensive range ensures that traders of all levels and preferences can diversify their portfolios and find instruments that align with their goals. However, the range of available instruments may vary depending on the entity or region, with different offerings for clients in the UK, Europe, and other international markets.
ActivTrades Main Features
Additionally, ActivTrades holds licenses from the Comissão do Mercado de Valores Mobiliários (CMVM) in Portugal, providing further credibility within the European market. The broker has a good range of trading platforms with numerous add-ons and sophisticated tools suitable for technical trading. Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.
The company safeguards traders with negative balance protection and stores their funds in segregated accounts at first-tier banks like Lloyd’s and Barclays. The broker provides enhanced investor compensation at no additional expense to clients. The professional account is designed for experienced traders who meet the broker and regulatory authorities’ specific criteria.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Though the broker’s Trust Score of 81 (Trusted) is respectable, it holds fewer regulatory licenses than the most trusted brokers in our database. While testing the ActivTrader platform, I found some intriguing tweaks to order types.
Commissions & Spreads
ActivTrades’ one-size-fits-all trading account caters to the needs of different kinds of traders. The one drawback is that the broker does not provide a raw spread account as an alternative to its universal trading account. While it offers a wealth of features and tools, some traders may find the retail leverage limits restrictive, and its availability may not extend to every country.
ActivTrades Review Forex Broker & Trading Markets, Legit or a Scam
ActivTrades provides an easy-to-understand and transparent fee structure, pivotal for traders prioritizing cost-effective trading. ActivTrades offers Individual, Islamic, Professional, and Demo accounts to fulfil different trading needs. The broker also has a big FAQ section and educational facilities, including webinars and seminars to help traders expand their skills. To withdraw money from ActivTrades, log into your account, go to the withdrawal section, and follow the instructions to initiate a withdrawal request. Funds can be withdrawn via bank transfer, credit/debit cards, or online payment systems. If you want to compare ActivTrades with other forex brokers in more detail, go to the Forex Brokers Comparison page.
- Research at ActivTrades primarily consists of an assortment of articles available within its analysis portal, including its Weekly Outlook series, as well as Market Analysis and Macro Analysis articles.
- ActivTrades earns an average recommendation for its trading platforms and tools.
- The broker’s integration of most costs into the spreads adds transparency and simplicity for traders.
- Indeed the broker doesn’t guarantee a hundred percent success, however if you will learn and practice hard, then the posibility of going broke is tending to zero.
- License and control ActivTrades under three primary financial authorities, FCA, CSSF, and SCB.
Minimum Deposit and Account Types
The broker sources liquidity from third-party providers to determine its price quotes and manage risk. ActivTrades proceeds to explain in its execution statement that it relies on external liquidity providers to minimize its risk exposure through hedging. Customers have access to an intuitive proprietary platform (ActivTrader) alongside industry favorites like MT4, MT5, and TradingView. The broker has earned a solid 4.4-star rating on Trustpilot from more than 1,480 reviewers, with over 70% of all reviewers giving it a 5-star score. We explore all vital aspects of the broker’s operations, including spreads and trading costs, available market range, platform features, and more.
- ActivTrades offers CFD trading across 1,267 symbols on MetaTrader 5 and the broker’s proprietary ActivTrader platform.
- It also avoids hidden commissions, aligning the account with the principles of interest-free trading under Islamic financial guidelines.
- The good news is you can always set up another demo account from your Personal Area.
- I tested ActivTrades’ flagship platform, which has a familiar and user-oriented interface.
Highlights of ActivTrades
The outstanding feature of this platform is chart trading, with support for 12 chart types and the option to view up to 8 charts in a single tab. Below, we outline the main benefits of connecting your account to TradingView. Conversely, swap rates are positive (you earn interest) when the interest rate of the bought currency is higher than that of the sold currency. At the time of writing, ActivTrades has swap rates of -1.07 pips for long positions in EUR/USD and 0.40 pips for short positions. Long positions incur swap fees of $10.70 per standard lot, whereas short positions earn interest of $4.0 per night. Positions in currency pairs and precious metals incur triple swap rates on Wednesdays.
Where is ActivTrades based?
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. I reviewed ActivTrades’ client agreement and other legal documents and found everything is in order. I also discovered that ActivTrades displays live spreads data, helping visitors to the website assess the competitiveness of the broker’s trading fees across different markets. ActivTrades offers reliable and accessible customer support available 24/5 to assist with any trading-related enquiries. The team is dedicated to ensuring a smooth and efficient experience for traders.
Registering a live account is a streamlined process that requires no more than several minutes to complete if you have prepared all verification documents beforehand. Verification usually takes several hours to one business day, depending on the relevant department’s workload. Once the broker confirms your identity, you can add funds to your live balance via bank transfer, card, or a supported e-wallet.