Founded in 2001 in Switzerland, ActivTrades moved to the United Kingdom in 2005. It has now grown into a worldwide brokerage serving traders from over 140 countries.
It began as a Forex broker and has now grown to provide over 1,000 contracts for difference across six categories. ActivTrades values technology, as shown by the company’s significant investment in trading infrastructure and development employees in Bulgaria.
Legality and Documents
ActivTrades PLC is regulated by the United Kingdom’s Financial Conduct Authority. Brokers are primarily regulated by the FCA. A branch office was opened and registered in Milan, Italy, with the Commissione Nazionale per le Società e la Borsa, or the Italian Companies and Exchange Commission.
The Bahamas Securities Commission has authorised ActivTrades Corp., the broker’s Bahamian affiliate. While client assets are segregated and UK portfolios are protected up to £85,000 by the Financial Services Compensation Scheme in the UK, ActivTrades maintains Excess of Loss insurance coverage with a limit of £1,000,000 for the UK subsidiary and $1,000,000 for all other accounts. All retail traders have access to negative balance protection.
ActivTrades Customer Support
Customer assistance is available through live chat 24 hours a day, seven days a week. Traders may also contact us by email, phone, or by requesting a free callback.
A glossary explains basic concepts, and a frequently asked questions section tries to address frequently asked issues. The legal department houses all critical papers.
Asset Class
Forex traders seeking just entry-level exposure will be disappointed by the 48 currency pairings. 15 commodities offer cross-asset diversification, and there are over 450 stock CFDs available. Eight cash index CFDs, sixteen futures indices, and seven bond CFDs round out the package.
Twenty-four exchange-traded funds round out the asset mix (ETFs). While the majority of retail traders will be content with the overall diversity, experienced and professional traders, as well as fund managers, will quickly run out of options.
Trading Costs
Currency pairings are commission-free, and the EUR/USD trades at an average spread of 0.72 pips, which is a competitive spread. US stock CFDs have a minimum cost of $1 or $0.02 per share, UK stock CFDs have a minimum cost of £1 or 0.1 percent, and European stock CFDs have a minimum cost of €1 or 0.01 percent.
Additionally, this broker charges €1 per month for market data; although this is not a significant expense, it is out of step with the industry and just unacceptable. Swap charges are applicable to leveraged overnight positions acquired directly from trading platforms.
Get in touch with our affiliated Cryptocurrency Forensic Specialists at CNC Intelligence for free by filling out the form below.
Corporate activities, the website states, are exposed to stocks and index CFDs. Deposits and withdrawals are subject to third-party fees.
ActivTrades Trading Platform
ActivTrader, this broker’s own trading platform, may appeal to traders who are not presently using MT4-based trading solutions. Despite the fact that it is only accessible through webtrader, it provides the most comprehensive trading environment.
Additionally, since the ActivTrader platform does not allow automatic trading, it is only suitable for human traders. ActivTrades provides both the MT4 and its unsuccessful successor, the MT5.
The Smart Tool suite enhances the MT4 platform’s fundamental components, converting it into a sophisticated trading platform. It can be customised further with hundreds of third-party plugins and fully supports automated trading systems, making it an all-around better option.
Regrettably, MT4 does not cover all asset classes. Traders may choose to divide their portfolios and use ActivTrader in conjunction with MT4 for a more optimal strategy that maximises the platform’s capabilities.
Account Types
When a customer opens an identical CFD account with no minimum deposit, they are handled identically. UK traders are eligible to establish a tax-free spread betting account, and the FCA-regulated brokerage may assist them in achieving professional status.
The Bahamas subsidiary’s trading conditions are comparable to those of the UK professional account. A free trial account is accessible, and upon request, an Islamic account with a modest deposit is possible.
Payment and Funding
Traders may fund their accounts by wire transfer, credit/debit card, Skrill, Neteller, Sofort, or PayPal. ActivTrades distinguishes between traders based in the United Kingdom and the European Economic Area (EEA) and traders based in other countries.
The geographical location has an effect on both the availability of choices and the costs connected with deposits and withdrawals. Under withdrawal possibilities, an ActivTrades Prepaid MasterCard is mentioned, but no further information is given. To comply with AML rules, the trading account and payment processor must have the same name.
ActivTrades offers a rebate programme to traders who transact more over $50 million in notional value. Interest is paid on available free margin, although both incentive programmes are accessible exclusively to traders affiliated with the Bahamas operating subsidiary.
ActivTrades Verdict
Since 2001, ActivTrades has provided exceptional customer funds security of up to $1,000,000. Despite the fact that the Bahamas subsidiary offers a much more favourable trading environment than the UK subsidiary, the price structure and asset selection are adequate.
While the teaching part is excellent for beginner traders, the in-house research is lacking. While a customised trading platform is available, when combined with the Smart Tools upgrade, the MT4 platform offers more value to traders.
FAQ
Is it true that ActivTrades is a fraudulent company?
Due to the fact that this broker is licensed by two organisations, it is a trustworthy broker.
What is the maximum leverage that ActivTrades allows?
Leverage is 1:400 leverage.
What is the minimum deposit amount that ActivTrades requires?
Accounts may be established for as little as $100, or the local currency equivalent.
What is ActivTrades’ minimum spread?
The EUR/USD currency pair has the smallest spread, at 0.72 pips.
When you comment, your name, comment, and the timestamp will be public. We also store this data, which may be used for research or content creation in accordance with our Privacy Policy. By commenting, you consent to these terms.