ActivTrades Review 2018
Founded in 2001 by Alex Pusco in Switzerland, ActivTrades is an international brokerage firm that specializes in providing online trading services for forex, CFDs and spread betting. The parent company, ActivTrades PLC, has its head office located at #1 Thomas More Square, London E1W 1YN, United Kingdom. With its offering of tight spreads with 5 decimal pricing and superior customer service, ActivTrades has become extremely popular among traders in the online trading community. With its regulated status, traders can rest assured that their investment will be safe with this broker.
Based in London, UK, ActivTrades comes under the jurisdiction of the UK’s Financial Conduct Authority (FCA). This means the broker operates under strict regulatory requirements with respect to how it handles its clients’ funds. In addition as a regulated entity of the FCA, ActivTrades’s traders are covered under the Financial Services Compensation Scheme (FSCS). In the event, the broker faces insolvency issues, ActivTrades enhanced insurance as an excess of the FSCS up to £1 000 000. In addition, being regulated by the FCA, ActivTrades is also regulated by the Dubai Financial Services Authority.
In recognition of the high-quality services which ActivTrades has provided, the industry has awarded them with numerous awards. For example, ActivTrades was recognized by ADVFN International Financial Awards in 2018 as providing the “Best Online Trading Services. For example, ActivTrades has been recognized by Le Fonti Award 2011 as the “Best Forex Broker in Italy”. It has also been named by Share Magazine in 2017 as the broker providing the “Best Online Trading Services”. The broker also won the ADVFN International Financial Awards 2017 for the category of Best Online Trading Services.
ActivTrades Trading Platforms
ActivTrades offers 3 main types of trading platforms namely the proprietary ActivTrader, the MetaTrader 4 platform, and MetaTrader 5 platform. The ActivTrader is a web-based platform that can be accessed with any web browsers. The platform comes with an intuitive user interface and is packed with all the features that will even satisfy the most discerning experienced trader. For example, there is a library of more than 90 technical indicators that will enable any traders to take their market analysis to the next level. The platform also allows you to add multiple charts and access to TradingView’s advanced charting solutions.
Apart from the ActivTrader platform, there are also the MetaTrader 4 (M4) and MetaTrader 5 (MT5) trading platforms. Powered by MetaQuotes Software, the MT4 and MT5 platforms are the most popular online trading platforms adopted by the online trading Industry. Suitable for spot forex trading and CFDs trading, the platforms are simple enough for beginner traders to understand and advanced enough for experienced traders to take their trading activities to the next level. The platforms come with features such as one-click trading, multiple language support, built-in programming language (MQL4 and MQL5), support for multiple order types and automated trading. It also comes integrated with a comprehensive charting package with can be overlaid with a large selection of technical indicators.
ActivTrades Mobile Trading
To cater to an ever-increasing mobile capable trading community, ActivTrades has also made all their trading platforms available for smartphones and tablets as mobile trading apps. These apps can be downloaded from Google Playstore or Apple App Store depending on whether it is an Android or iOS device. The mobile trading apps are optimized for the small screen of smartphones and tablets and enable you to check and manage your trading account directly from the palm of your hand. It also lets to transfer funds or execute trades just like its desktop counterpart.
ActivTrades Trade Types/Instruments
In terms of trade types, ActivTrades offers spot forex trading, CFDs trading on commodities, market indices, cryptocurrencies, bonds and international shares. For UK based clients, they also have the option to spread bet on forex, commodities, indices, and stocks.
Coverage of the markets by ActivTrades is quite extensive covering major currency pairs, precious metals, a wide range of soft commodities such as wheat and energies, popular cryptocurrencies such as Bitcoin, Litecoin, and Ethereum. You can also trade in major market indices such as the Dow Jones, the Nikkei 225 and FT100. Share trading covers the UK stock market, the US stock market, and European stock market. There is also a wide selection of ETFs which you can trade at ActivTrades covering major sectors such as healthcare, energy, financials, Industry, Real Estate, and Technology.
ActivTrades Account Types
For trading accounts, ActivTrades offers 3 main types of accounts, Individual trading account, Professional Trading account, Corporate account and an Islamic account which follows Shariah principles for Swap free trading. Additionally, you can open a demo account for practice trading which gives you one-month free access to all Activtrades products.
Here are the details for the main two retail accounts:
Individual Trading account
- Micro and Mini lot trading
- Balance Protection
- Funds insured under FSCS requirements
- Direct Trade execution
Professional Trading account
- Geared towards large volume traders
- Specific criteria must be met to be able to qualify
ActivTrades Commissions & Spreads
At ActivTrades, the forex trading is commission free as for the bulk of CFDs traded. Instead of commissions, traders have ActivTrades have to pay a spread on the trades executed. Nevertheless, ActivTrades offers competitive spreads hence making the broker one of the most cost-effective brokers around in the industry. To give you an idea of the typical spread that you will find at ActivTrades, we have compiled a table below showing the average spread which you can expect for the majors.
|Instrument||Target Spreads (in pips)|
ActivTrades Deposits & Withdrawals Options
As a convenience to its traders, ActivTrades supports several types of payment options for the funding of accounts as well as the withdrawal of funds. For deposits, the main methods are:
- Bank wire transfer (SEPA & Non-SEPA)
- Credit/debit cards
For withdrawals, the following methods are supported by ActivTrades:
- Bank wire transfer (SEPA & Non-SEPA)
- Credit/debit cards
Withdrawal charges depend on the method used. For credit/debit cards, Skrill, Neteller and SEPA transfer, there are no charges. For Non-SEPA transfer, a fee of 15€ / 15£ is applicable.
ActivTrades Bonus & Promotions
At present, ActivTrades is not offering any kind of bonuses or promotional offers.
ActivTrades Customer Support
For customer support, ActivTrades offer support through email, live chat, request form and the telephone. There is also a comprehensive education center that traders can refer to for trading resources such as articles, training videos, seminars, webinars and educational manuals.
Pros and Cons
- 400:1 leverage ratio
- Award-winning broker
- Low spread
- Multiple choices of trading platforms
- Regulated Broker
- Trading accounts limited to two choices
- No localized support for Asian traders
Is ActivTrades regulated?
Yes, ActivTrades is regulated by the UK’s Financial Conduct Authority (FCA) and by the Dubai Financial Services Authority
Where is ActivTrades based?
ActivTrades is located in the UK and their head office is located at #1 Thomas More Square, London. In addition, ActivTrades have additional offices in Milan, Dubai, and Sofia.
How does ActivTrades make money?
ActivTrades makes its money by charging its clients a spread on the trades that they made.
How do I deposit in ActivTrades account?
You can deposit into your trading account through bank transfer, credit/debit cards and through eWallets such as Skrill and Neteller.
How do I withdraw money from ActivTrades?
Withdrawals at ActivTrades can be done through bank wire transfer, credit/debit cards, Skrill and Neteller.
How do I open an account with ActivTrades?
In order to open an account at ActivTrades, you need to fill up the registration form and provide all the necessary documentation for identity and address verification.
Is ActivTrades reliable?
Yes, ActivTrades is a reliable broker. It has won numerous awards in recognition of its high-quality services since 2011.
Does ActivTrades use MetaTrader?
Yes, ActivTrades also uses the MetaTrader platforms in addition to the proprietary ActivTrader.
What is ActivTrades leverage?
The maximum leverage offered by ActivTrades is 1:400.
Is ActivTrades a scam?
No, ActivTrades is not a scam. It is a legitimate broker regulated by the FCA.
How safe is ActivTrades?
ActivTrades is a safe broker as it adheres to strict regulatory guidelines and industry best practices.
With an operational history dating as far back as 2001, ActivTrades is more than qualify to render top quality services. They have also shown that their clients are important to them by providing comprehensive customer and educational support. The spreads that they offer are also competitive although they seem to lack choices with regards to their trading accounts. Nevertheless, with ActivTrades, you can rest assured that you will have a fulfilling trading experience with this broker.
|Headquarters Country||United Kingdom|
|Number Of Employees||200|
Trading Account Options
ActivTrades Trading Features
|24 Hours Support||Yes|
|Support During Weekends||No|
Customer Support Languages
|Supported Trading Platforms||ActivTrader, MT4, MT5|
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