Review Of ActivTrades Forex Brokers 2023, Top Detailed

The UK-based CFD and forex broker ActivTrades. Low trading costs are charged by ActivTrades. Deposits and withdrawals are free, and creating an account is a breeze. The product selection at ActivTrades is limited, and its research resources are simple. There are additional fees for currency conversion and inactivity. Based on the evaluation of 500+ criteria and testing via the creation of a live account, BrokerChooser gave ActivTrades a rating of 4.4/5.

As a modest stockbroker that was established in 2001 in Switzerland, ActivTrades is now a global brokerage organisation that offers services to both individual and institutional traders. Numerous advantages include having access to a wide range of financial products, winning platforms, comprehensive trading solutions, and outstanding trading tools.

In 2005, the company moved its headquarters to London and broadened its market offerings by including CFD products alongside commodities and indices. The business expanded fast across all of Europe, quickly dominating the market in nations like Italy, Germany, and France. Following soon after were nations like Australia, South America, Russia, and South East Asia. To meet the trading needs of the Middle East, ActivTrades has launched an office in Dubai.

Numerous advantages are provided by ActivTrades to its customers, including the usage of MetaTrader 4 and MetaTrader 5, two top trading platforms, instructional resources, incentive programmes, and competitive spreads. Here are a few accolades this broker has received for its excellence:

ActivTrades Pros & Cons

Pros

• Low Spreads
• Many Educational Tools
• Low trading fees
• Free deposit and withdrawal
• Excellent support, learning and research tools
• Portfolio, trading and professional opportunities

Cons

• Basic research tools
• More Limited Country Range
• High Minimum Deposit

In our expert opinion, ActivTrades is a reliable broker that offers cutting-edge technology-supported best practises in FX and CFD trading while providing one of the lowest fixed spreads without hidden feeds. Additionally, it features a great trading atmosphere and desirable circumstances. The broker provides a wide range of trading platforms, many of which have add-ons and modern features perfect for technical trading.

The instrument range is traded solely on an FX and CFD basis, and support isn't available around-the-clock. As for the Cons, trading conditions, including fees and spreads, may vary depending on regulation and entity. Another drawback is that the broker uses an offshore business and can only accept financing in major currencies due to restrictions on currency kinds.

According to our research and evaluation, ActivTrades is regarded as a trustworthy broker with outstanding trading conditions and cutting-edge services, such as assistance and education. The broker is well-known for being among the finest in the industry, scoring well for customer satisfaction and having the lowest spreads across practically all asset classes while charging negligibly little, or zero, in the way of costs.

Who Is ActivTrades Recommended For?

ActivTrades has worked with everyone during its more than 20 years in the broker sector. This broker has robust educational resources, and as you can see from the accolades mentioned above, it provides excellent customer service. These two characteristics demonstrated that this broker is a wonderful choice for all traders, whether they are inexperienced or seasoned.

ActivTrades Account types

The broker offers either an Individual Account (which allows for trading in tiny and micro amounts) or a Professional Account (which has some requirements for opening, such as the size of the financial portfolio needing to exceed 500,000 dollars), according to what we discovered.

Of course, a Free Demo Account is available for the convenience of new traders to allow them to test the platform and gain a general understanding of how the broker functions. For those who adhere to Sharia law, Islamic Accounts or Swap-Free Accounts are also offered.

Fees

ActivTrades costs are primarily included in a spread and depend on the type of account you use. The broker provides cheap non-trading costs and doesn't charge commissions on deposits or withdrawals.

Based on our study, ActivTrades Fees are rated 8.1 out of 10 when compared to more than 500 other brokers. The broker offers no deposit/withdrawal costs and modest CFD fees that are primarily incorporated into spreads. There aren't many non-trading fees. Funding fees and non-trading fees are shown in the fee table below.

The ActivTrader platform. More information regarding this platform will be provided in the parts that follow, however one excellent feature is that ActivTrades has its own proprietary software. The enhanced proprietary platform uses the most recent tools and features to create a rich trading environment.

Unique Add-Ons. Your platform of choice may include a variety of add-ons, such as SmartOrder 2, SmartLines, SmartCalculator, SmartTemplate, SmartPlatform, SmartForecast, and the Pivot Points Indicator.

Simple Method to Withdraw. With ActivTrades, money withdrawal is simple. Using your debit/credit card, Neteller, Skrill, or Paypal will not result in broker fees, and depending on when you request the withdrawal, it will typically be processed the same day or the following day. Bank transfers cost 9GBP, although the processing time is the same as it is for other forms of payment.

Methods of Payment

According to our research, requests for deposits or withdrawals on ActivTrades platforms can be made from an online Personal Area, which streamlines and simplifies the procedure. The broker offers main currency types like USD, GBP, and EUR; however, minor currencies are not supported.

With a total score of 7.9 out of 10, we gave ActivTrades funding options a Good rating. Most of the time, there are no deposit or withdrawal fees charged by the broker, and non-trading costs are typically very low. The broker supports major currency types; minor currency types are not supported. Another drawback is that, in comparison to other brokers in the sector, the minimum deposit is relatively large.

Source:

• https //55brokers com/
• https //brokerchooser com/
• https //www.investing com/