It is well-designed and user-friendly with a good search function. However, it lacks a safer two-step login and price alerts. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.
It was quite unusual at first, as all the forex brokers I know have commissions for crypto trading, and this commission is relatively high. It should be very attractive for intraday traders. On the other hand, leverage for currencies is not high.
Range of Trading Instruments
ActivTrades has clear portfolio and fee reports. You can see the commission, swap fees and the performance of your portfolio. Notifications on the changes to your account, when for example an order is executed, are available. Customizability is average, as some features cannot be moved around on the platform. The search bar and the portfolio report features are, for instance, fixed. You can only withdraw money to accounts in your name.
In addition, ActivTrades Europe SA offers an insurance policy individually covering its clients’ funds above the threshold provided by the Investor Compensation Scheme Luxembourg up to €1,000,000. ActivTrades offers 24/5 customer support through live chat, email, and telephone in multiple languages. The company is a Financial Services Compensation Scheme member.
Activtrades offers the lowest spreads I’ve ever seen starting from 0.5 pips. The thing is that there are so many traders who cannot make their trading results positive just because of the charges made by the broker. I used to be one of them before I came to activtrades. You cannot even imagine how surprised I was when I realised that my trading style is able to bring me good profits.
It has a 95% customer satisfaction rate and is known for having one of the fastest email response times in the industry, with an average of just 27 minutes. The foreign exchange market, also known as FX or forex, is the most liquid market in the world. An average of $5 trillion in currencies is traded each day, making it the largest market by volume. ActivTrades customers can also choose the company’s ActivTrader platform, which has its own set of characteristics and benefits. With ActivTrades, existing traders could earn up to $5,500 with the company’s Refer a Friend Program by introducing new customers to the company.
This platform allows the use of up to 21 languages, allows trailing stops and price alerts, and provides historical data. In addition, you can access MetaTrader4 from multiple platforms, including desktop, mobile, and web. Additionally, STP is a type of NDD broker that defines a trading platform that uses Straight to Process execution without the involvement of a dealer. NDD is suitable for scalping or other methods, as well as for larger account types.
Is the quality of customer service satisfactory?
Since recent times lack of minimum deposit is the best feature for me. I remember there was a certain entrance threshold, but by these days it had been eliminated. Plus, the presence of various tools that ease trading activity are also quite attractive. Trading itself is a very complex field, but due to such instruments even those who don’t have degree in maths can start earning money. The main here is to have a wish and choose a proper broker like Activtrades. I ain’t wanna be superficious in my contemplation, but as far as I know, alongside with a huge update of broker’s service, it terminated existed smart tools that took place before.
Research tools are basic, and there are no trading ideas or fundamental data. There is an inactivity fee as well as a charge for currency conversion. ActivTrades offers mostly free deposit and withdrawal options, including bank transfer, credit card and various e-wallets. On the negative side, minor currencies are not offered.
My name is Leon van Neelse, I’m from Namibia Africa, and I’m looking for a trading brokerage firm of credibility reputation as yours for trading. I think that ActivTrades is trying to do everything in order to be a good competitor to another broker. I want to tell you that it works out and this broker can really become more and more popular. As for expiration, I’m lost in guesses as for which contracts you could have traded.
ActivTrades Awards and Recognition
In addition to trading on forex, indices and shares, MT5 provides access to over 500 CFDs and ETFs. Investing in or trading financial instruments, commodities, or other assets carries a high degree of risk. You should only in trading or investing if you are fully aware of the potential risk of loosing all your deposited money. Of course i use my favourite metatrader time to… Now, before activtrades, my previous brokers mostly used third-party companies for funding and withdrawals.
Spreads could be variable or fixed, depending on market movements such as interest rates. For example, the table below shows the forex fees of a position. Unfortunately, ActivTrades doesn’t provide trading ideas.
- Worse still, I paid commission fees for my clients at the very beginning.
- Initially, it was a small brokerage company that has now developed into one of the leading global brokers for institutions and retail traders.
- All information on 55brokers.com is only published for general information purposes.
Despite all the pros, i can note that it would be hard for new traders to start trading since the minimum deposit is qiate a sum. For new guys i highly recommend to start with demo account because market now are very volatile so you can lose your money without right tactic. My first half a year eperience with activtrades goes with nice results. Now with metatrader 4 I have more freedom and time to improve my trades when i far away from my office so i can use mobile app or tablet and check orders or charts. The high entry threshold does mean that the broker is concerned about the reputation. We know that inexperienced traders can make a fuss out of nothing.
Krisztián has 15 years of activtrades review in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. Since joining BrokerChooser, he analyzed and tested 50+ brokers. He received his MSc degree in International Business from the University of Middlesex.
Portfolio and fee reports
MetaTrader 4 and MetaTrader 5 are the world’s most popular and used platforms. Before deciding on which one to use, you should know they have different functionality. For example, the MetaTrader 5 trading platform gives users direct access to an economic calendar, while MetaTrader 4 doesn’t.
The percentage of my profitable trades here has greatly increased. First of all, ActivTrades proprietary platform is intuitive. I managed to cope with the functionality at the very first sight. This broker has two or three licenses, I don’t exactly remember. Besides this I tested it for a month and persuaded that it’s not another scam. I like the broker’s sufficient number of withdrawal methods.
Apart from the tools mentioned above, you may enjoy other tools, including application programming interfaces. APIs help implement trading strategies once automated and allow you to connect to the platform’s screening software directly with your broker account so you can place orders. This platform also allows you access to fee reports and portfolios. You can easily access your profit-loss and commission.
Furthermore, the research tools are too basic, and the platforms offer no fundamental data. Finally, you will also be charged for currency conversion and inactivity for a year. Like with deposits, there are no withdrawal fees for electronic wallets and credit and debit cards. Currencies within the European Economic Area have free bank withdrawals. However, banks in the US have a withdrawal fee of $12.50. The Bahamian entity bank transfers have a $9 fee.
With https://trading-market.org/ clients can trade more than 50 currency pairs, cryptocurrencies, metals, indices, commodities, shares, and ETFs, also UK clients can access spread betting. Next, they need to choose a preferred base currency and trading platform. For informational purposes, users are asked certain information relating to their forex trading experience.
One of my good investments of the last year was actually in this broker as a deposit. They make markets in literally a couple of thousands of assets, there is no way you will not find what you are looking for. Now I trade at ActivTrades broker and I am fully satisfied with the trading conditions.
I used to trade with ActivTrades broker and I must say I was very happy with it. I remember very low spreads back then, 0.5 pips on eur/usd and 35 pips on gold, if I’m not mistaken. I had a forced time-out due to illness, now I think I will come back as my account is still active. Sure, you can use wire transfer in case of withdrawals and depositing.
- After our assessment, it features all the critical aspects of a legit broker.
- Where do I begin; the videos, the glossary , webinars, manuals, one-on-one training… .
- From client support to exclusive add-ons that give massive value to the trading process.
- For trading indices and CFDs with this provider, the spreads are fixed at as low as 0.5 pips.
The broker will redirect the user to the next page only if the broker is satisfied with the answers. Traders may also gain access to the essential Fixed Income contracts like the German bund and the US T-Note. ActivTrades offers low trading and non-trading fees that include an inactivity fee of $10 for every month of inactivity after a year of no trading. The fees at ActivTrades are as transparent as possible, which means there are no hidden fees. This is something that every client desires while searching for the best trading platform in this industry. Among its notable security features, it is worth mentioning that ActivTrades is a reliable forex broker that keeps all client money in segregated accounts and employs top tier-1 banks to do this.
I really try to get the most out of all the custom indicators, but smart order and smart lines are the most used by me, I think. More than 500 company stocks and shares such as German shares and Japanese shares. The Smart Order 2 app, built by the ActivTrades to increase the trading speed and enhance the integration between the app and the platform. Is ActivTrades legit features all the key aspects you need to look at to see if a broker is safe and legit.
It enables you to understand the attitude of other traders towards a specific market investment. You can view the financial instrument’s popularity and see the direction other investors are taking to make better decisions for yourself while trading. This platform comes in multiple languages and has a clear fee report. However, just like the mobile platform, it has no price alerts. ActivTrader is also user-friendly with a simple, easy-to-understand design and offers 2 step login. Though keep in mind that the amount of CFDs available depends on the platform you trade on.