Based in the center of the United Kingdom, ActivTrades was founded in 2001 and has since established itself as a respectable and trustworthy broker for forex trading. This broker has established a solid reputation for reliability and innovation by providing worldwide traders with various tools and services.
This forex trading broker review aims to provide a comprehensive overview of ActivTrades, including its features, services, and unique offerings. You will discover why this broker might be the key to unlocking your trading potential.
ActivTrades: Overview
Established: 2001
Headquarters: United Kingdom
Trading Platforms: MetaTrader 4, MetaTrader 5, ActivTrader, TradingView
Mobile Trading: Yes
Minimum Deposit: $0
Account Types: Individual, Demo, Professional, Islamic
ActivTrades, founded in 2001 with its headquarters in the UK, stands out in the forex broker industry. It offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, ActivTrader, and TradingView, catering to a wide range of traders. The broker is known for its zero minimum deposit requirement and mobile trading support, enhancing accessibility for traders at all levels.
ActivTrades represents a comprehensive choice for forex trading, combining advanced technology, diverse account options, and a strong regulatory framework.
Regulation and Registration
ActivTrades is authorized by The Securities Commission of the Bahamas, ensuring a secure trading environment. As a multi-regulated broker, it complies with stringent standards from global authorities like the FCA, CSSF, SCB, BACEN and CVM. This broad regulatory oversight across multiple jurisdictions affirms ActivTrades’ commitment to client security and industry excellence.
Account Types of ActivTrades
Individual Account
- Minimum Deposit: No minimum requirement
- Spreads: From 0.5 pips on forex
- Commissions: 0.02% on stocks, min. $1 per stock; rollover fees for overnight positions
- Trading Instruments: forex, commodities, indices, shares, crypto, ETFs (500+ assets)
- Platforms: ActivTrader, MetaTrader4, MetaTrader5
- Leverage: Up to 1:200 (SCB), 30:1 (FCA, CSSF)
- Special Features: Insurance coverage up to $1,000,000; exclusive trading tools
Demo Account
- Minimum Deposit: No minimum requirement
- Spreads: Not specified, access to various markets
- Commissions: No real commissions (virtual trading)
- Trading Instruments: forex, indices, financials, commodities, shares, ETFs
- Platforms: MetaTrader 4, MetaTrader 5, ActivTrader
- Leverage: Up to 1:200
- Special Features: Virtual funds of $50,000; mimics live trading account with all functions and features; suitable for both beginners and advanced traders for practice
Professional Account
- Minimum Deposit: No minimum requirement
- Spreads: From 0.5 pips on forex
- Commissions: 0.02% on stocks, min. $1 per stock; rollover fees for overnight positions
- Trading Instruments: forex, commodities, indices, shares, crypto, ETFs (500+ assets)
- Platforms: ActivTrader, MetaTrader4, MetaTrader5
- Leverage: Up to 1:400
- Special Features: 20% cashback program, insurance up to $1,000,000; advanced tools
Islamic Account
- Minimum Deposit: No minimum requirement
- Spreads: From 0.5 pips on forex
- Commissions: 0.02% on stocks, min. $1 per stock; no rollover but potential replacement fees
- Trading Instruments: forex, commodities, indices, shares, crypto, ETFs (500+ assets)
- Platforms: ActivTrader, MetaTrader4, MetaTrader5
- Leverage: Up to 1:200
- Special Features: Trading tools; limitations apply, contact support for details
Deposit and Withdrawal
ActivTrades supports various payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and e-wallets like Neteller, Skrill, and AstroPay. Most deposits are free and processed within 30 minutes. However, a 0.5% currency conversion fee applies if the deposit is in a different currency than the account base.
Withdrawals usually revert to the original deposit method, with a fixed GBP 9 bank withdrawal fee and possible extra intermediary bank charges. Intraday profits are not immediately withdrawable and are processed the following business day. Third-party fees may apply in certain situations, particularly for low trading volumes.
Products in ActivTrades
- Forex
- Shares
- Indices
- Cryptocurrencies
- ETFs
- Commodities
- Bonds
Trading Platform of ActivTrades
- MetaTrader 4
- MetaTrader 5
- ActivTrader
- TradingView
Fees of ActivTrades
ActivTrades imposes additional fees beyond the spread for certain transactions. Deposits made through Credit/Debit Cards within the UK & EEA are subject to a 1.5% fee. Similarly, deposits via Credit/Debit Cards from non-EEA countries also incur a 1.5% fee. For withdrawals via Bank Transfer, ActivTrades charges a fee of 9 GBP.
ActivTrades Promotions
ActivTrades does not offer any bonuses upon sign-up, a decision that aligns with its commitment to transparency and straightforward trading practices.
However, it does feature a “Refer a Friend” program. This initiative encourages existing clients to refer new traders to the platform. In return, both the referrer and the referred trader can benefit from specific incentives, fostering a community-oriented approach to trading.
Customer Support
- Email: [email protected]
- Phone: +1 242 603 5200
- Live chat: 24/5
Pros & Cons
Pros
- Low trading fees.
- Easy account opening.
- Free deposits and withdrawals.
- Tight spreads.
- High deposit insurance.
Cons
- Limited product range.
- Conversion fees.
- Restricted stock trading.
- Weekday-only support.
Pros Explained
- Cost-effectiveness with lower fees compared to many competitors, benefiting budget-conscious traders.
- Streamlined, user-friendly process enabling quick access for new traders.
- Absence of charges for moving funds, enhancing overall trading cost-efficiency.
- Competitive advantage with spreads as low as 0.5 pips, reducing trading costs.
- Enhanced fund security with deposit insurance up to $1 million.
Cons Explained
- Restrictive trading options due to a narrower range of available products.
- Additional trading costs are incurred due to currency conversion fees.
- Limited investment options with the absence of real stock trading.
- Limited support availability, restricted to weekdays, potentially inconvenient for weekend traders.
Is ActivTrades Worth Considering?
ActivTrades is an appealing option for traders seeking low fees, and a user-friendly platform. Its regulatory compliance adds to its credibility. However, limitations like a narrow product range, conversion fees, and weekday-only support are drawbacks. While suitable for cost-conscious and diverse market traders, those needing advanced support or specific products might look elsewhere.
FAQs
ActivTrades is a UK-based forex and CFD broker established in 2001. It is known for its low trading fees, diverse trading instruments, and strong emphasis on regulatory compliance.
ActivTrades provides several trading platforms, including MetaTrader 4, MetaTrader 5, and ActivTrader. Each platform caters to different trading preferences and strategies.
ActivTrades does not charge any fees for deposits and withdrawals, making it cost-effective for traders to manage their funds.
ActivTrades offers various account types, including Individual, Demo, Professional, and Islamic accounts, each designed to suit different trading needs and experiences.
Yes, ActivTrades is regulated by several financial authorities, including the FCA, CSSF, SCB, BACEN and CVM, ensuring high security and compliance.
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