ActivTrades Review
- Min. Deposit: $0
- Max. Leverage: 1:200
- Headquarter: London, UK
- Products (CFD): Forex, Indices, Shares, Commodities, Cryptocurrencies, Bonds, ETFs
82% of retail CFD accounts lose money
Founded in Switzerland, ActivTrades has been around since 2001, which means it has more than two decades of experience in the fintech industry. The independent brokerage house started as a small firm, but it is now a global retail and institutional broker. In 2005, ActivTrades moved its HQ to London, and it began growing rapidly through Europe.
ActivTrades offers a lot of benefits to its clients, including educational tools, rewards programs, competitive spreads, and the use of MetaTrader 4 and MetaTrader 5, two industry-leading platforms. Here are some of the awards that this broker has won for its high quality:
- ADVFN International Financial Awards: “Best Online Trading Services”
- Le Fonti: “Best Forex Broker”
- Agence IAT Grand Prize Excellence: “Best Execution Broker”
- Agence IAT Grand Prize Excellence: “Best Customer Support”
- MENA Forex Show: “Most Trusted Forex Broker”
- DKI & Euro am Sonntag: “Best Customer Service”
Pros
- Low trading fees
- Excellent account opening
- Free and fast deposit and withdrawal
Cons
- Conversion fee
- Poor customer support
Costs
Account Minimum
ActivTrades welcomes traders with a minimum deposit requirement of $0, offering accessibility to a wide array of market participants.
Trading Fees
Utilizing a spread-only model for certain accounts, ActivTrades allows traders to engage in forex and CFD trading without being burdened by additional trading fees.
CFD Fees
CFD trading fees are embedded within the spread, facilitating a transparent and straightforward pricing structure.
Forex Fees
Similar to CFDs, forex trading is executed on a spread basis, eliminating the necessity for separate commission fees.
Account Fee
ActivTrades does not charge an account maintenance fee, ensuring that traders can manage their portfolios without unnecessary costs.
Inactivity Fee
An inactivity fee is levied after an account has remained dormant for a stipulated period, encouraging active trading or account closure.
Deposit Fee
A commitment to affordability is demonstrated through the absence of deposit fees.
Withdrawal Fee
ActivTrades does not impose withdrawal fees, ensuring traders can access their funds without additional charges.
Overnight Funding Fee
Information regarding overnight funding fees and guaranteed stop order fees may be subjected to specific account types and should be confirmed directly with ActivTrades.
Currency Conversion Fee
Specifics pertaining to currency conversion fees should be verified directly due to variations depending on account type and trading activity.
Trading Platforms
Comprehensive and Adaptive
ActivTrades caters to a wide range of traders by providing access to several popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView. The platforms are renowned for their advanced charting tools, supportive of algorithmic (algo) trading, and accommodate both ease of use and flexibility in trading strategies, which is integral for both new and experienced traders alike. Additionally, ActivTrades offers its proprietary platform ActivTrader, further enhancing its diverse range of trading options for clients.
Mobile Trading Apps
ActivTrades acknowledges the necessity of on-the-go trading by offering mobile applications for both Android and iOS devices. The apps maintain functionality without sacrificing essential features, offering real-time charting, trading execution, and management wherever traders find themselves.
Web Trading Apps
In an era of web-based solutions, ActivTrades allows traders to utilize their platform without the need for downloads, accessible directly via web browsers, ensuring a convenient and efficient trading experience.
Desktop Trading Apps
Adapting to varied user preferences, ActivTrades provides its platforms in a format suitable for both Windows and Mac desktop users, offering a stable and comprehensive trading environment.
Markets and products
ActivTrades is equipped to serve a wide audience of traders with its varied tradable instruments, aligning with both traditional and current market trends.
The brokerage is prominently known for its forex trading capabilities, with a vast array of currency pairs available for trading, from major to exotic. This positions ActivTrades as a preferred destination for forex aficionados. In the realm of commodities, traders can capitalize on various products, including metals and energies, to diversify their portfolios.
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 trading, embracing the digital currency evolution.
Activtrades provides access to 1000+ CFDs including:
- Forex CFD – 49
- Stock index CFD – 27
- Stock CFD – 660
- ETFs CFD – 500
- Commodity CFD – 22
- Bond CFD – 7
- Crypto CFD – 16
Safety
ActivTrades is regulated by several financial authorities including the top-tier FCA, but it is not listed on any stock exchange and its financial information is not publicly available.
ActivTrades regulation
- ActivTrades Corp is authorised and regulated by The Securities Commission of the Bahamas. ActivTrades Corp is an international business company registered in the Commonwealth of the Bahamas, registration number 199667 B.
- ActivTrades Corp is a subsidiary of ActivTrades PLC, authorised and regulated by the Financial Conduct Authority, registration number 434413. ActivTrades PLC is a company registered in England & Wales, registration number 05367727. ActivTrades PLC is responsible for card payment processing.
ActivMarkets is a Public Limited Company, authorised and regulated in Portugal by the Comissão do Mercado de Valores Mobiliários (CMVM) with the number 433, is a company registered in Portugal with the number 516 929 291. ActivMarkets is a subsidiary of ActivTrades PLC. and operates under the name ActivTrades.
Customer Support
ActivTrades offers several customer service channels. The phone suport is slow, and we also missed 24/7 availability.
You can contact ActivTrades via:
- Live chat
- Phone
Final Thoughts
All in all, ActivTrades is a good CFD/forex broker.
ActivTrades has low trading fees. The account opening is excellent and the deposits and withdrawals are free.
On the downside, its product portfolio is limited to just a few products, as it offers mainly CFDs and forex instruments. Research tools are basic, and there are no trading ideas or fundamental data. There is an inactivity fee as well as a charge for currency conversion. Customer service also leaves a lot to be desired.
As trading fees are low and your account will be ready quickly, we encourage you to try ActivTrades.
