ActivTrades Review 2024 Pros, Cons & Key Features Revealed

Funding fees with this broker are high compared to industry leaders. Most Forex and CFD (Contracts for Difference) brokers do not charge their clients with such fees. The MT4 trading platform fully supports automated trading solutions. All traders receive access to the same CFD account and trading conditions. ActivTrades was founded in 2001 in Switzerland but relocated to the UK in 2005.

1. We were disappointed to see that the minimum deposit at ActivTrades is $500.
2. ActivTrades offers multiple deposit and withdrawal options to its customers.
3. Specifics pertaining to currency conversion fees should be verified directly due to variations depending on account type and trading activity.
4. A copy of the trader’s ID and one proof of residency document generally completes this step.

Furthermore, as already mentioned, ActivTrades is compliant to MiFID directives. MiFID, or the Markets in Financial Instruments Directive, is a set of rules within the European Union (EU) designed to oversee financial markets. Its primary goals are to boost transparency and safeguard the interests of investors. ActivTrades features a cashback program for traders who exceed $50 million in notional trading value. Interest is paid on available free margin; however, both reward programs are available only for traders from the Bahamas operating subsidiary.

Minimum Deposit

MT5 comes with an integrated economic calendar and integrated trading statements. MT5 uses MQL5 coding language and has a huge library of custom-built indicators and trading robots. It should be noted that MT4 and MT5 use different trading algorithms.

Equally enticing is ActivTrades’ exposure to indices, allowing traders to invest in collective market movements. For those with an eye on the future, the broker does provide opportunities to delve into cryptocurrency activtrades forex review trading, embracing the digital currency evolution. In addition, the company offers bridging loans and alternative investment options. The ActivTrader, MT4 and MT5 platforms are all available for mobile trading.

ActivTrades vs AvaTrade vs FBS – Comparison Table

The broker is regulated by top-tier regulators, but on the downside, the number of regulatory bodies is limited to 3. Traders that are short on funds might find it difficult to open trading accounts as the minimum initial deposit required starts from $500. What’s more, traders are limited in choice when it comes to opening different account types.

Drawbacks Of ActivTrades

ActivTrades is a reputable forex broker with a rich history and a commitment to providing a diverse trading environment. The firm offers an array of platforms, from popular choices like MT4 and MT5 to its own proprietary ActivTrader platform, catering to varied trader needs. Their competitive spreads and transparent fee structure make trading cost-effective. Additionally, with a focus on security and regulation across multiple jurisdictions, ActivTrades ensures a trustworthy trading experience.

New traders are provided with an outstanding educational division, while in-house research is below average. A proprietary trading platform is available, but the MT4 platform, together with the Smart Tools upgrade, provides traders with greater value. Overall, ActivTrades represents a genuine choice for portfolios managed under the Bahamas subsidiary.

All deposits are not charged by ActivTrades, with the exception of the Credit/Debit card – NON EEA method which carries a fee of 1.50% of the deposit amount. In 2023, ActivTraders received several prestigious awards in the financial and trading industry. International Investor Magazine honored them as the “Best Forex Broker 2023” and “Safest Global Broker 2023”. Index trading involves a group of global stocks such as Nasdaq, FTSE, German DAX, AEX, etc.

Timing is Everything: When to Enter a Forex Trade for Maximum Profit

It is an award-winning global company with customers in more than 140 countries. The company’s number of employees stands at more than 200 and its revenue sits around £23m. ActivTrades provides access to mobile trading through MetaTrader 4, MetaTrader 5, and the ActivTrader mobile app. After completing the previous steps, you will be sent to the verification page. You can skip the process and start funding your account right away, but it’s recommended to finish the verification first.

Non-trading fees

Please ensure your method matches your investment objectives, study the risks involved and if necessary seek independent advice. Keep in mind that Stocks, bonds, and futures aren’t available on MetaTrader 4. Traders need to pick MetaTrader 5 or custom-made ActivTrader to trade these instruments. The published research is acceptable but inferior to competing brokerages.

ActivTrades is a UK-based online forex and CFD broker that supports clients from over 140 countries worldwide. ActivTrades minimum deposit requirement is 500$, which allows you to start live trading immediately. ActivTrades unveils a suite of tools seamlessly integrated into its platform, seeking to amplify the depth of traders’ market comprehension.

In the top right corner, you’ll be able to see “Open an Account” in green. By clicking on that button, you’ll be sent to the application page. You’ll be asked to provide details about your income, employment status, trading experience, etc. The information helps the broker to provide offerings that best suit clients’ needs. ActivTrades offers free Demo accounts for both Islamic and Individual account types.

ActivTrades

The ActivTrades app, called ActivTrader, is also available for traders who prefer to trade on the go. The broker also offers a range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms and their proprietary trading platform, ActivTrader. We found it quite satisfying to see such trading conditions with the lowest spreads, and no dealing desk intervention in the trading process. The broker has a good range of trading platforms with numerous add-ons and sophisticated tools suitable for technical trading. ActivTrades is a great broker for active forex traders with industry-low spreads from 0.5 pips and zero commissions. The forex broker also offers impressive execution quality and speeds, alongside award-winning customer service.

If you have experience trading with ActivTrades please share your personal review of the broker and what you think are strong and weak points. Withdrawals can be made through bank transfers, Neteller, Skrill, and PayPal. All withdrawals are free except via bank transfers like Citibank or Moneycorp which incur a £9 fee. All withdrawals are free unless transferring to Citibank or Moneycorp which incur a £9 charge. Head to the mobile trading section located underneath each platform page on the broker’s website for instructions on how to invest from your iPhone, iPad or Android device. The broker also charges swap rate fees for positions held overnight, further details of which can be found on the company website.

No deposit fees are charged by the company, with the exception of non-EEA credit and debit cards, in which case the company charges 1.5% of the transaction amount. A $12.50 withdrawal fee will be charged by the company is in the case of USD bank transfers. No withdrawal fees are charged for Neteller, PayPal, Skrill, debit and credit card withdrawals. The company handles more than 100 thousand trades per second, with an estimated 93.60% of orders executed at the requested price. Alex Pusco founded ActivTrades in 2001 as a stock brokerage firm in Switzerland.