The slowness caused by the documents required to begin trading with this broker is one of the negative aspects. It’s also a shame that copy trading and social trading aren’t available, and that the training isn’t the best on the market. In order to provide a conclusive and comprehensive assessment, we can say that ActivTrades is, in the end, a good broker, highly regarded by industry experts. It is, in fact, a broker with all of the necessary licenses to operate in Europe, as well as additional protections beyond those already provided by European law. In addition to the desktop version of ActivTrader, which can be accessed directly from the browser without the need for installation, there is a mobile version of the platform in the form of a trading app. Another point worth mentioning is that, since 2010, ActivTrades has been hosting frequent trading tours across Europe, which has now become a standard practice among other brokers.
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- Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets.
- Currency pairs are commission-free, where the EUR/USD carries an average spread of 0.72 pips, representing a competitive offer.
- These can add order types such as OCO orders, and forecasts based on past and present pricing of the asset, as well as supports and resistance levels.
- ActivTrades offers a demo account for beginner investors who aren’t yet sure about their trading skills.
Currencies, I don;t trade them unless I see some real pattern like M or W on high TF like H4 or even D1, only in this case I can trade, but not intraday, for long term pusposes, from week to months. Overall, I liked trading there, no flaws and good range of trading features, made up my opinion. We compared ActivTrades with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts. ActivTrades has a safety score of 9.6/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
Best Forex Brokers
The swap-free account is available through MT4 as a USD account only, and through MT5 for use with all base currencies. The spread on this account type is also very competitive with the spread starting from only 0.5 pips. This ActivTrades account type can also be accessed as an Islamic trading account if you require one. There are several ActivTrades account types that you can look forward to opening when you trade with the broker. Take a look at exactly what is available and choose the one which is the best fit for your trading needs.
Mobile Trading Applications
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.
They are also very intuitive and extremely user-friendly with almost no loss of functionality when compared with their desktop counterparts. Through ActivTrades you will also have access to multiple premium tools for MT4 such as SmartOrder 2 which improves execution, adds OCO orders, and more. These can be traded in a number of different fields including energy, finance, health, industrial, tech, and real estate, and they can be traded from as little as $1 in value. These come from all around the world including in the US, UK, Brazil, and around the EU. Throughout decades in the industry, the broker has of course collected many awards. They have received more than 30 in total including as recently as 2019 when they won the Shares Award for Best Tools, and the ADVFN award for the Best Online Trading Services, also in 2019.
Customer support
- I’d also mention that ActivTrades hasn’t yet developed a full educational video offering, which you typically find with the best brokers for beginners.
- When he’s not giving advice to the top investors, John can be found spending time with his wife and two children.
- ActivTrades also has a news section where you can keep up with what’s going on in the financial markets.
- ActivTrades emerges as a worthy contender for those desiring simplicity and precision in the bustling world of financial brokerages.
- The exact amount can vary depending on the specific instrument and market conditions.
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Traders have access to major, minor, and exotic pairs, enabling them to take advantage of global economic shifts. The broker’s advanced trading platforms are optimized for speed and reliability, which is essential for managing the fast-paced nature of Forex trading. ActivTrades has been in operation since 2001 and provides superior protection of its client funds up to £/$1,000,000. The pricing structure and asset selection are acceptable, though the Bahamas subsidiary provides a far superior trading environment than the UK one. New traders are provided with an outstanding educational division, while in-house research is below average. A proprietary trading platform is available, but the MT4 platform, together with the Smart Tools upgrade, provides traders with greater value.
Money Protection
Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment. It is essential to be fully aware of these risks before engaging in any trading activity. ActivTrades ensures a user-friendly and secure onboarding process, making it accessible for both new and experienced traders. I appreciate their good spreads on currencies, in particular on majors, and I also like that the broker doesn’t charge high fees on trading. The trading and non-trading commissions of broker ActivTrades have been analyzed and rated as High with a fees score of 4/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
ActivTrader Platform
However, it managed to expand into other markets, serving clients in Asia, Africa, South America, and the Middle East. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. EToro is one of the most popular and well-known online trading platforms in the world. Because this feature is completely missing in ActivTrades, it’s worth remembering that eToro is the best platform for copy trading and social trading. Two of the most famous, reliable and popular trading platforms in the world.
TradingView Integration
Deposits can be made via bank transfers, credit and debit cards, and a range of popular e-wallets such as Neteller and Skrill. For most deposit methods—like bank transfers and e-wallets—ActivTrades does not impose any fees, ensuring that clients can fund their accounts without incurring extra costs. These measures help maintain a fair and transparent approach to funding, keeping the focus on efficient and secure transactions. ActivTrades offers a streamlined and fully digital account opening process designed to make it easy for new clients to get started quickly. The process begins with an online application where prospective traders provide basic personal details such as name, contact information, and country of residence.
The only account type which does not feature this fee is the Islamic trading account in order to remain Sharia compliant. These spreads leave the broker in a very competitive position when compared with some other major brokers in the sector. This means you can avoid any conversion fees if your deposit and withdrawal method matches one of these currencies. This is valid for a 30-day trial period and this broker is one of the few where you can access a 72-hour demo account with no registration at all.
For those seeking an added service, managed accounts are also part of the broker’s bouquet. However, traders should know that ActivTrades currently does not accommodate US traders. CFD trading fees aren’t extremely high, but they’re higher than the industry average. The platform doesn’t charge a commission, but the fees are included in the spreads, so they highly depend on the assets you’re trading.
ActivTrades doesn’t have a minimum deposit requirement for clients to open an account. There is also no obligation to deposit real money by opening a demo account. It is just the perfect place to practice and grow your skills and knowledge.
These fees are based on the interest rate differential between the two currencies in a Forex pair or the financing cost for CFDs on other asset classes. The exact amount can vary depending on the activtrades forex broker specific instrument and market conditions. ActivTrades displays these fees transparently, allowing traders to plan their holding periods accordingly. ActivTrades generally offers fee-free deposits through methods such as bank transfers and various e-wallets. However, when using credit or debit cards, clients might incur a fee—typically around 1.5% for those within the UK and the European Economic Area, and up to 1.5% for non-EEA clients. For commodities, ActivTrades highlights extremely competitive spreads.