ActivTrades offers a range of additional tools and features to enhance the trading experience. Once your demo account is set up, you can start trading with virtual funds, allowing you to practice and test strategies without any financial risk. For other trading instruments such as Forex, indices, and commodities, no commissions are charged, as the costs are incorporated into the spreads. ActivTrades offers competitive floating spreads, ensuring flexibility and transparency for traders.
While its forex coverage is decent, its overall tradeable asset selection is below the industry average of 3,623 symbols. ActivTrades has meticulously curated its deposit and withdrawal process to ensure seamless monetary operations for traders. ActivTrades emerges as a worthy contender for those desiring simplicity and precision in the bustling world of financial brokerages. With a user-centric platform, ActivTrades is designed for traders who seek a hassle-free interface for executing trades, eliminating excessive bells and whistles. After new traders obtain access to the back-office, verification is mandatory as stipulated by regulators to satisfy AML/KYC requirements. A copy of the trader’s ID and one proof of residency document generally completes this step.
The broker also offers one-to-one training with industry experts on how best to use the ActivTrades platforms and tools. In addition to trading on forex, indices and shares, MT5 provides access to ETFs and over 500 CFDs. You can download MT5 to your desktop, use the WebTrader, or trade from your mobile. ActivTrades earns revenue through spreads on most CFD and forex instruments, and commissions for certain products such as stocks and ETFs. Additional income may come from currency conversion and possibly some withdrawal fees, though there are no account opening costs.
Forex
Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. ActivTrades offers both beginner and advanced educational videos and supports forex and CFD education. However, our research found that its educational resources are below average compared to competitors, and it earns only a moderate recommendation for new traders.
- Stock traders incur commissions of $0.02 per share ($1 min) for US shares, 0.05% (€1 min) or 0.05% (€5 min) for European shares, and 0.10% (£1 min) for UK shares.
- To access ActivTrader, simply login to your account by pressing the “Login” link at the top right-hand side of the ActivTrades homepage.
- To support seamless trading across multiple devices, TradingView can be accessed through any popular browser, or users can download the platform on a desktop device.
- However, its proprietary ActivTrader platform, while powered by TradingView charts, feels minimal and lacks the advanced features many traders expect.
However, the broker supports the MetaTrader suite of platforms that enable the use of Expert Advisors. This makes it possible for clients to implement third-party EAs for automated trading, which is not entirely dissimilar to how copy trading works. Registering a live account is a streamlined process that requires no more than several minutes to complete if you have prepared all verification activtrades forex broker review documents beforehand.
Commission and Fees
Traders benefit from professional-grade analysis, rapid order execution, and real-time market insights, creating a superior trading experience. In regions where spread betting is available—such as the United Kingdom—ActivTrades offers a Betting Account. This account type is specifically structured for spread betting, which allows traders to speculate on the price movements of various instruments without actually owning the underlying asset. ActivTrades offers a range of account types designed to cater to the diverse needs of retail, professional, corporate, and even specialized traders.
ActivTrades Overview Table
Such an assemblage of features not only enlightens the inexperienced but also refines the strategies of the adept. Pure Forex traders will find the 48 currency pairs, representing only entry-level exposure, rather disappointing. Cross-asset diversification is possible through 15 commodities, while over 450 equity CFDs are maintained. Complementing them are eight cash index CFDs, 16 forward indices, and seven bond CFDs. Most retail traders will find the overall choice suitable, while advanced and professional traders, as well as fund managers, will swiftly encounter limitations. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using…
Deposits & Withdrawals
With multiple entities, traders from different regions can get email support through dedicated email addresses. Phone support is also available, with a few phone numbers available to international and local traders. While traders can call the numbers we have provided below, they can also request a free callback from the broker’s team or they can chat with a representative on WhatsApp. MT5 also boasts extensive device compatibility, with apps available for both Android and iOS users. Desktop users can install the software on their computers or access the in-browser version of the platform.
Forex Risk Disclaimer
- It is the responsibility of the trader to ensure that they are not violating any local laws or regulations by engaging in online trading activities.
- With a global presence and a strong focus on delivering a user-friendly trading experience, ActivTrades has earned a solid reputation among traders worldwide.
- ActivTrades enables onboarding customers to test the waters risk-free by opening demo accounts that closely replicate conditions in the live trading environment.
- The average Forex spread is 0.5 pips on the EUR/USD pair, making it an attractive choice for cost-conscious traders.
- Scalpers and high-frequency traders looking for a zero-spread account will be left wanting, however.
At the time of writing, ActivTrades has swap rates of -1.07 pips for long positions in EUR/USD and 0.40 pips for short positions. Long positions incur swap fees of $10.70 per standard lot, whereas short positions earn interest of $4.0 per night. Positions in currency pairs and precious metals incur triple swap rates on Wednesdays. Once your account is approved, you will receive your live account login credentials and can deposit funds through one of the available payment methods. After completing the deposit, you can start trading with real capital on the platform of your choice, such as ActivTrader, MT4, or MT5.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. The broker also offers a comprehensive suite of trading platforms—including its proprietary ActivTrader, MetaTrader 4, MetaTrader 5, and TradingView—along with 24/5 multi-channel support available globally. Combined with a clear fee structure that emphasizes transparency, ActivTrades is positioned as a reliable and innovative broker in the competitive global trading landscape.
The MetaTrader 4 Platform is a versatile trading solution designed to meet the needs of all levels of traders. With features like a Strategy Tester, traders can backtest and optimize their trading strategies effectively. The platform supports price alerts and trailing stops, enabling better risk management and trade execution. The broker does not impose fees or commissions for withdrawals and deposits, making fund transfers cost-effective. However, a currency conversion fee of 0.5% is charged for deposits and withdrawals made in a currency different from the account’s base currency. ActivTrades operates under a robust regulatory framework, offering clients a secure and transparent trading environment.
Trading platforms
Beginners will find the ActivTrader platform user-friendly, especially the demo account and supporting educational webinars, and the customer support is excellent. I’ve participated in several live webinars covering topics ranging from basic trading principles to more advanced technical analysis. These webinars, led by experienced traders, are a great way to learn in real-time. MT5 offers additional order types, a more detailed economic calendar, and deeper market insights. It feels like an upgrade from MT4, especially with the ability to trade more asset classes and access better data feeds.
Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. ActivTrades was founded in 2001 and has grown into a recognized broker primarily serving the U.K. While it is not publicly traded, it holds regulatory approval from the Financial Conduct Authority (FCA), a highly regarded U.K. Regulator, and Portugal’s CMVM, covering the entire European Union through MiFID. ActivTrades supports trading in 49 forex pairs and a total of 1,267 tradeable symbols.
