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Trade Forex Review: ActivTrades Broker Analysis
Overview of ActivTrades
Founded in 2001, ActivTrades has established itself as a prominent Forex broker with roots in the UK. The broker has expanded its reach, including an additional office in the sunny Bahamas. Catering to a global clientele, ActivTrades operates with a few geographical restrictions, notably excluding the USA, Canada, and nations listed under the OFAC.
Regulatory Compliance and Safety of Funds
ActivTrades proudly stands as a fully regulated broker, ensuring compliance with stringent European standards. This regulation extends across two primary entities:
- ActivTrades PLC: Based in the UK and regulated by the prestigious Financial Conduct Authority (FCA).
- ActivTrades Corp: Operating out of the Bahamas, governed by the Securities Commission of the Bahamas (SCB).
To bolster client confidence, ActivTrades adopts the practice of segregating client funds from company assets. These funds are stored in top-tier banks and are insured up to a whopping 1,000,000 pounds sterling, should the broker face insolvency.
Leverage: Playing It Safe and High
For EU clients, ActivTrades complies with ESMA regulations, capping leverage at 1:30 for major currency pairs. However, traders outside the EU can leverage their trades up to a daring 1:200, offering a taste of high-stakes trading.
Diverse Account Types for Every Trader
ActivTrades caters to a varied clientele with different account types:
- Standard individual account
- Professional account
- Swap-free account for Muslim traders
- Free demo account for practice and familiarization
Spreads are competitive, though not the industry’s lowest. Notably, except for CFDs on shares, trading assets incur no commission, adhering to the STP model.
Trading Instruments: A Trader’s Playground
Offering an extensive array of CFDs, including over 3,000 shares from American, British, and European companies, ActivTrades stands out in its offerings. With more than 300 ETFs, it eclipses many competitors. Traders also have access to over 50 currency pairs, select cryptocurrencies, major stock indices, and an array of commodities and government bonds.
Trading Platforms: Your Gateway to Markets
ActivTrades presents its flagship ActivTrader platform, available as a web platform for desktop and mobile devices (both Apple and Android). Known for its seamless operation and user-friendly interface, it’s a gateway to the trading universe. Additionally, the broker offers the renowned MT4 and MT5 platforms, which need no introduction in the trading community.
Minimum Deposit and Funding Options
The entry point for trading with ActivTrades is set at 500 pounds sterling. Funding options are diverse, including bank transfers, credit/debit cards, and e-wallets like Skrill, Neteller, PayPal, and Sofort. EU traders rejoice with free funding methods, while non-EU traders face a modest 1.5% commission on card deposits.
Final Verdict
ActivTrades emerges as a formidable choice for those interested in currency and stock markets. Its extensive range of stocks and ETFs is a particular highlight, offering more than many competitors. The FCA regulation adds a layer of trust and security, making it a reliable option for most traders.
Before Committing: Do Your Homework
It’s wise to peruse reviews of ActivTrades and check our Trade Forex broker rating to make an informed decision.
At a Glance: ActivTrades Key Info
- Broker’s Name: ActivTrades
- Year of Foundation: 2001
- Headquarters: London
- Regulatory Bodies: FCA (UK), SCB (Bahamas)
- Trading Platforms: ActivTrader, MT4, MT5
- EURUSD Spread: 0.5 pips
- Demo Account: Available
- Minimum Deposit: $500
- Base Currencies: EUR, GBP, CHF, USD
- Max Leverage: 1:200
- Trading Assets: Currency pairs, stocks, indices, commodities, cryptocurrencies
- Funding Methods: Bank Transfer, Visa/MasterCard, Skrill, Neteller, PayPal, Sofort
- Withdrawal Fee: Applicable
- Inactivity Fee: None
- Islamic Accounts: Yes
- Segregated Accounts: Yes
- PAMM Accounts: Not Available
- Partner Account: Yes
- Scalping: Allowed
- Automated Trading: Supported
- Mobile Trading: Supported
- Web Terminal: Available
- Social Trading: Not Available
- Trading Signals: Not Available
- VPS: Not Available
- Deposit Bonuses: Not Available
- Contests: Not Available
- 24/5 Support: Yes
