The broker allows this trading strategy, offering tight spreads and fast execution speeds. Training at ActivTrades is comprehensive and diverse, allowing traders to choose the most suitable materials and learning formats. As a result, traders can continuously improve their skills, learn new strategies and analysis methods, and better understand the nuances of working in financial markets. ActivTrades also integrates with TradingView, a renowned platform for its comprehensive and interactive financial charting and trading features. TradingView, known for its user-friendly interface, provides traders with an extensive range of charting tools, technical indicators, and a vibrant community of traders and analysts for idea sharing and discussion. Depending on your bank and country of residence, bank transfers may incur fees and take some time to process.
- The broker sources and compares prices across multiple liquidity providers to deliver the best quotes possible to customers.
- By way of comparison, contenders like Global Prime provide a choice of over 30 cryptocurrencies.
- ActivTrades has meticulously structured its account offerings to harmonize with the diverse trading aspirations of its clientele.
- A demo account allows beginners and experienced traders to test trading strategies and platforms without risking their funds.
- ActivTrades offers a range of account types designed to cater to the diverse needs of retail, professional, corporate, and even specialized traders.
How do I open an account with ActivTrades?
Trader reviews highlight the broker’s strengths, such as competitive spreads, fast execution, and comprehensive educational resources. However, some traders note drawbacks like the limited range of assets and the execution of international trades through offshore jurisdictions. ActivTrades is a UK-based broker offering forex and CFD trading plus spread betting on MT4, MT5 and its ActivTrader platform. Our 2022 review covers the login process, margin requirements, bonuses and more. 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.
- Under this regulation, the company must follow a pillar 1, 2 and 3 system in order to secure clients’ funds.
- ActivTrades generally offers fee-free deposits through methods such as bank transfers and various e-wallets.
- ActivTrades offers its clients tight spreads, starting from 0.5 pips for the EUR/USD pair.
- But, from the other side, once you will deposit this sum of money and you can forget about all financial difficulties.
At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Traders gain access to the broker’s flagship ActivTrader mobile app along with third-party apps MetaTrader (MT4 and MT5) and TradingView. All mobile apps are available for iOS (via Apple’s App Store) and Android (via the Google Play Store). Overall, I found that ActivTrade’s spreads are slightly better than the industry average but not as good as the best low-cost forex brokers. Once your account is approved, you will receive your live account login credentials and can deposit funds through one of the available payment methods.
Research and Educational Materials
While testing the ActivTrader platform, I found some intriguing tweaks to order types. I liked that the platform’s Progressive Trailing Stop makes a regular trailing stop even more dynamic with an additional parameter that modifies the original stop distance. There’s even an option to adjust the stop distance if specific price targets are met along the way. I was intrigued by this innovative feature; recreating such orders manually would be complicated (in many cases, this would be impossible without a trading API). We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system.
Additional Features
These safeguards apply to retail clients registered under the FCA, CMVM, and SCB. Those seeking higher leverage can apply for the Pro Account option at ActivTrades. Many consider MT5 an improved version of MT4, offering more advanced tools for technical analysis. While some products, such as share CFDs, may not be available on MT4, ActivTrades customers can activtrades forex broker review access the full range of tradable symbols on MT5. Additional order types are also included, allowing MT5 users to place a total of eight different order variations. Transparent pricing is a hallmark of the broker, with no hidden fees, tight spreads, and low commissions per trade.
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. The customer help service of ActivTrades is available 24 hours a day, five days a week, with agents speaking 14 different languages to help customers from different parts of the world. Since some traders are prohibited from paying or receiving swaps due to religious beliefs, ActivTrades offers an Islamic Account option to residents of certain countries. This account type operates in full compliance with Sharia law, applying zero swaps on overnight positions.
Is ActivTrades legit?
Withdrawal fees depend on the method used, so it’s important to factor these into your trading cost equation, especially if you expect to make frequent international transfers or currency conversions. Currency conversion charges will apply if your trading or base account currency differs from the asset being traded, typically set in line with the FX market rate plus a small markup. There are plenty of educational materials that are freely available and this can be studied at any convenient time. The tools for technical analysis are fairly standard, but normal options can be assembled. 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. You cannot even imagine how surprised I was when I realised that my trading style is able to bring me good profits.
NFTs and DeFi assets are not featured, and while the CFD-centric architecture encourages diversification, long-term investors looking for spot purchase or direct ownership will find the lineup less suitable. Additionally, Canadian clients should note the lack of IIROC/CIPF protection, which differentiates ActivTrades from fully local solutions. Stock and ETF trading with ActivTrades relies on a commission model, with competitive minimums by asset region and type. Spreads are market-driven, with no artificial markup for real equities and ETFs. There are no custody fees, and UK stamp duty only applies to trades involving UK-listed securities. Crypto CFD fees are mainly embedded in the spread, and, while variable, they are generally lower than typical spot-based crypto platforms or exchanges with high taker fees.
According to the broker’s order execution statement, ActivTrades acts as a counterparty and deals on its own account. The broker sources liquidity from third-party providers to determine its price quotes and manage risk. ActivTrades proceeds to explain in its execution statement that it relies on external liquidity providers to minimize its risk exposure through hedging. Registering a live account is a streamlined process that requires no more than several minutes to complete if you have prepared all verification documents beforehand.
ActivTrader is user-friendly and equipped with advanced features such as risk management tools, sophisticated charting, and integrated market sentiment analysis. ActivTrades offers a variety of account types to suit different trading needs, including Individual, Professional, Islamic, and Spread Betting Accounts. The Individual Account is designed for most retail traders, providing access to a wide range of markets and features. Professional Accounts cater to more experienced traders who meet specific criteria and are eligible for higher leverage and different trading conditions.
Trading Fees
The indices trading environment is tailored to deliver real-time market insights and competitive spreads, which are essential for effective technical analysis and strategic trading. ActivTrades offers CFD trading across 1,267 symbols on MetaTrader 5 and the broker’s proprietary ActivTrader platform. ActivTrader covers the most popular asset classes available as CFDs, including popular indices, forex pairs, ETFs, commodities, bonds, and cryptocurrencies, across its platform and account types. As mentioned, the broker’s proprietary platform, ActivTrader, supports TradingView integration. This allows traders to access the robust charting tools provided by TradingView, enabling in-depth market analysis. Additionally, ActivTrades clients can connect their live trading accounts to TradingView and place orders directly through the charting platform’s interface.