Are you looking for a reliable and trustworthy broker to invest in the financial markets? If so, ActivTrades may be the broker for you. ActivTrades is a well-known online broker that offers traders access to a wide range of financial instruments, including forex, stocks, commodities, and indices. In this ActivTrades Forex Broker review, we will take an in-depth look at the broker, exploring its features, pros and cons, and whether it is the right broker for you.
Overview of ActivTrades Forex Broker
Company Background
ActivTrades is a UK-based online forex and CFD broker founded in 2001.
They have grown to become one of the leading brokers in Europe, with a presence in over 140 countries worldwide.
They offer a wide range of trading instruments, including forex, indices, commodities, and shares.
Licenses and Regulations
ActivTrades is licensed and regulated by the Financial Conduct Authority (FCA) in the UK, one of the strictest financial regulatory bodies in the world.
They are also authorized and regulated by the Securities Commission of the Bahamas (SCB), providing additional protection to their clients.
Awards and Recognitions
ActivTrades has received numerous awards and recognitions for their excellent services and commitment to customer satisfaction.
They have won the Best Forex Broker award at the ADVFN International Financial Awards for three years in a row (2019-2021).
They have also been recognized as Best Online Trading Services at the Global Banking and Finance Awards, and Best Forex Customer Service at the UK Forex Awards.
Advantages and Disadvantages
Account types and features
ActivTrades offers two main types of trading accounts: Standard and Professional.
The Standard account is suitable for most retail traders and requires a minimum deposit of $100.
The Standard account offers variable spreads starting from 0.5 pips, no commission charges, and maximum leverage of up to 1:30 for forex trading.
The Professional account is available to traders who meet certain eligibility criteria and offers additional benefits such as lower spreads, higher leverage, and access to exclusive trading tools and resources.
The Professional account requires a minimum deposit of $1,000 and offers variable spreads starting from 0.5 pips, no commission charges, and maximum leverage of up to 1:400 for forex trading.
ActivTrades also offers a demo account for traders who want to practice their trading skills before investing real money.
The demo account provides traders with virtual funds to trade with, allowing them to test out different trading strategies and get a feel for the trading platforms and tools offered by ActivTrades.
Traders can choose to open their accounts in a variety of currencies, including USD, EUR, GBP, CHF, and JPY, among others.
ActivTrades also offers Islamic accounts for traders who follow the Shariah law, which requires no interest to be paid or received on overnight positions.
Deposits and withdrawals
ActivTrades offers a variety of payment options for both deposits and withdrawals, including bank transfers, credit/debit cards, and electronic payment methods such as Skrill and Neteller.
Deposits can go in a variety of currencies, including USD, EUR, GBP, CHF, and JPY, among others.
There are no deposit fees charged by ActivTrades, but traders may be subject to fees charged by their payment provider.
Withdrawals can go using the same payment methods as deposits. And there are no fees charged by ActivTrades for withdrawals.
ActivTrades processes withdrawal requests within one business day. And the time it takes for funds to reach a trader’s account will depend on the payment method used.
Traders can make withdrawals up to the amount deposited using a credit/debit card. With any additional profits being sent to a bank account or e-wallet.
ActivTrades has implemented strict security measures to protect traders’ funds, including segregated accounts and negative balance protection.
Traders can also set up two-factor authentication and use the ActivID app for added security when logging in to their accounts.
Trading platforms
ActivTrades offers traders a variety of trading platforms to choose from. Including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as their own proprietary platform, ActivTrader.
MetaTrader 4 is a widely used platform among forex traders. And offers a range of advanced charting tools, technical indicators, and customizable trading strategies.
MetaTrader 5 is the newer version of the platform. Offering additional features such as more advanced order types and a wider range of timeframes.
ActivTrader is ActivTrades’ proprietary platform, designed to offer traders a user-friendly and intuitive trading experience. It features a simple interface, real-time news feeds, and a range of customizable trading tools.
All three trading platforms are available in desktop, web, and mobile versions, allowing traders to access their accounts and trade from anywhere.
ActivTrades also offers the ActivTrader Mobile app. Which is available for both iOS and Android devices and provides traders with on-the-go access to their accounts, real-time quotes, and trading tools.
The trading platforms offer fast execution speeds and low latency, helping to ensure that trades are executed quickly and efficiently.
ActivTrades also provides traders with access to a range of trading tools and resources. Including economic calendars, market news, and educational resources to help traders make informed trading decisions.
Trading conditions
ActivTrades offers competitive trading conditions to traders, including tight spreads, high leverage, and low commission charges.
Traders can choose from a wide range of instruments to trade, including forex, indices, commodities, and shares.
Forex traders can enjoy spreads as low as 0.5 pips on major currency pairs. And leverage of up to 1:30 for Standard account holders and up to 1:400 for Professional account holders.
ActivTrades offers a range of order types to help traders manage their risk. Including stop loss and take profit orders, as well as guaranteed stop loss orders to help limit potential losses.
The broker offers fast and reliable trade execution, with no re-quotes or order rejections, and a high level of market liquidity.
ActivTrades offers negative balance protection to help ensure that traders do not lose more than their account balance. Even in the event of extreme market volatility.
The broker offers competitive swap rates for overnight positions. And traders can also choose to open Islamic accounts which do not accrue or receive interest on overnight positions.
ActivTrades offers traders access to a range of trading tools and resources. Including economic calendars, market news, and educational resources to help them make informed trading decisions.
Conclusion
In conclusion, ActivTrades is a reliable and trustworthy broker that offers traders access to a wide range of financial instruments, low spreads, fast execution speeds, and a mobile trading app. While it may not offer extensive educational resources for traders, it does provide negative balance protection, which can give traders peace of mind when trading. With its regulation by the Financial Conduct Authority (FCA) in the UK, traders can be assured that their funds are safe and secure. Overall, if you are looking for a broker that offers a variety of trading instruments, low spreads, fast execution speeds, and a mobile trading app, ActivTrades may be the right broker for you.
