ActivTrades is a well-established online brokerage that has been serving traders since its inception in 2001. The platform is renowned for its comprehensive range of financial instruments, competitive trading conditions, and user-friendly platforms. In this review, we will delve into the various aspects of ActivTrades to provide a detailed understanding of its offerings.
Summary Table
Feature | Details |
Founded | 2001 |
Headquarters | Founded in Switzerland, but moved HQ in London, United Kingdom in 2005 |
Regulated By | FCA (UK), CSSF (Luxembourg), SCB (Bahamas), CMVM (Italy), CONSOB(Italy), Bacen (Brazil) |
Minimum Deposit | $0 for all countries, except China and Brazil. A $500 initial deposit requires for these countries. |
Trading Platforms | ActivTrader, MT4, MT5, and TradingView |
Asset Coverage | Forex, CFDs, Indices, Commodities, Shares, Bonds, Cryptocurrencies |
Maximum Leverage | Up to 1:400 |
Customer Support | 24/5 Live Chat, Email, Phone |
ActivTrades Company Overview
ActivTrades, founded in 2001, is headquartered in London, UK. They first started their journey in Switzerland, but in 2005 they moved their HQ to the UK. They offer multiple trading products, platforms, and account types. This broker is very suitable for novice traders, as this broker requires $0 for a minimum deposit.
ActivTrades Account Types and Features
They offer a variety of account types to cater to different trader preferences. These may include Individual, Professional, and Islamic accounts, each with distinct features and benefits. They also offer a demo account facility.
The Professional account offers a wide variety of advantages including leverage up to 1:400 with no minimum deposit, Up to 30% close-out level, a dedicated account manager, etc.
Activ Trades Minimum Deposit Requirements
The minimum deposit for all accounts is $0. This is very useful for the novice traders. But, this rule does not apply to Chinese and Brazilian traders. Traders from these two countries require a $500 minimum deposit.
ActivTrades Leverage and Spreads
They provide competitive leverage, with ratios of up to 1:400, allowing traders to amplify their positions. The spreads offered are competitive, and the broker is known for its transparency in displaying real-time spread information.
How To Open An Account With ActivTrades?
Opening an account with this broker is easy. The first time you visit their homepage, you’ll be asked which regulatory region you would like to be under and be provided with a short list of the differences between jurisdictions.
- Once you have made this choice, you can press any of the “Start Trading Now” buttons on the homepage to be directed to their registration form and begin the account setup process.
2. The first step of the form is the easiest, simply enter your name, email, and phone number, and select a password. This registers your basic account with us. However, to be able to trade live you will be required to follow several more steps.
3. The next step of the registration process involves providing your date of birth, nationality, and address. Simply press “Next Step” once you have entered this information to proceed to the mini-trading experience quiz.
4. As part of their regulatory requirements, potential clients must be asked to complete a short trading experience quiz, to gauge their suitability for the products we offer. Simply select your answer to each question from the available options and press “Next Step” when you are ready to proceed.
5. Financial and Account Information is the last step of the registration process before you get to select your trading platform and navigate to your Personal Area. Simply answer the provided questions as honestly as possible and press “Next Step” to proceed to Trading Account Setup.
With your account created, you are automatically taken to the Client Verification page, where you can submit your proof-of-identification and proof-of-address documents. This step can be skipped if you do not have this information to hand, but please be advised that you will not be able to trade live until you have completed this step. Whether you upload your documents or choose to skip this step, next you will be taken to your Personal Area.
Your Personal Area is where you can manage all areas of your account. From here you can make deposits and withdrawals, open new trading accounts for use on their other available platforms, open demo accounts for practicing your strategies, download their available platforms, access available trading tools, and more.
How To Deposit Money In ActivTrades?
ActivTrades supports various deposit methods, including bank transfers, credit/debit cards, and electronic wallets. The deposit process is user-friendly, and funds are typically credited promptly. Process:
- To make a deposit, first login to your account from their homepage by pressing the “Login” link at the top right-hand side of the page.
2. A login popup will appear where you can enter the email address you used to register an account with us, along with the password you chose at the time.
3. By pressing the “Deposit” button in the “Fund your account” section of your Area (yellow rectangle), you will be taken to our main deposit page, which appears as in the image below. Remember, you have to verify your account before making any deposit.
4. Choose your preferred method of payment and press the “Deposit” button to be forwarded to the relevant page where you can continue to fund your account.
You can choose any of the mentioned deposit methods and then you can proceed according to the process.
How To Withdraw From ActivTrades?
Logging into your Personal Area and requesting a withdrawal will allow you to access your money at any moment.
Please be aware that, in the case of debit/credit cards or third-party payment providers, you may only withdraw up to the amount you originally deposited using the same method. Any gains that exceed that starting sum can be taken out by bank transfer.
Typically, withdrawal requests are handled in a single working day.
ActivTrades Trading Platforms
ActivTrades offers a selection of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Additionally, the broker provides its proprietary platform ActivTrades, offering a unique trading experience, and also the popular trading platform TradingView.
Asset Coverage
They provide a diverse range of tradable instruments, covering forex, CFDs, indices, commodities, and shares. This extensive asset coverage enables traders to build diversified portfolios.
ActivTrades Regulation
ActivTrades is regulated by prominent financial authorities, including the FCA (UK), CSSF (Luxembourg), SCB (Bahamas), CMVM (Italy), CONSOB(Italy), and Bacen (Brazil). These regulatory frameworks enhance the broker’s credibility and ensure a secure trading environment.
ActivTrades Fees and Commissions
There are no additional fees for depositing your funds. Also, this broker does not charge fees or commissions for withdrawals. However, you may be charged by your service providers/Bank’s side.
ActivTrades Customer Support
ActivTrades offers responsive customer support through live chat, email, and phone. The support team is available 24/5 to assist clients with any queries or concerns.
Educational Resources
The broker provides a range of educational resources. These resources cater to traders of all experience levels, fostering skill development and market understanding.
ActivTrades Pros and Cons
Pros | Cons |
Regulated by reputable authorities | Two countries need $500 minimum deposit |
Competitive spreads and leverage | No mobile app |
Diverse range of tradable instruments | |
User-friendly trading platforms |
ActivTrades Client Feedback and Reviews
Client feedback on this broker is generally positive. Traders appreciate the platform’s reliability, transparent pricing, and responsive customer support. However, some users have raised concerns about inactivity fees and the limited offerings for cryptocurrency trading.
Comparison Between ActivTrades and Other Brokers
ActivTrades stands out in terms of regulatory compliance, diverse asset coverage, and user-friendly platforms. Below, we are providing a comparative analysis between ActivTrades, eToro, and easyMarkets.
ActivTrades | eToro | easyMarkets | |
Year Founded | 2001 | 2007 | 2001 |
Regulated | Yes | Yes | Yes |
Forex Pairs | 40+ | 52 | 62 |
Average spread | 0.1 | 1 | 0.9 |
Proprietary Platform | Yes | Yes | Yes |
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Final Thoughts
ActivTrades is a reputable broker with a long-standing history in the financial markets. It offers a range of account types, competitive trading conditions, and a comprehensive set of educational resources. While it may not be the ideal choice for cryptocurrency enthusiasts, this broker caters well to traders seeking a regulated and reliable platform for traditional financial instruments. Before choosing this broker, individuals should carefully consider their trading preferences, account requirements, and the available features.
