This review will walk you through everything you need to know about ActivTrades broker, including its history, features, pros and cons, customer feedback, and more.
If you’re new to online trading and looking for a reliable broker, ActivTrades broker might be the right choice for you, but that would be after you have gone through the review and you are ok with it.
What is ActivTrades Broker?
ActivTrades is a global online broker that offers trading services in various financial instruments. These include Forex, stocks, commodities, indices, ETFs, cryptocurrencies, and more.
Founded in 2001, ActivTrades has earned a solid reputation for providing traders with a user-friendly platform, competitive pricing, and top-notch customer support.
With its headquarters in the UK and other offices in various locations worldwide, ActivTrades offers access to financial markets across Europe, the Middle East, Africa, and the Americas.
The broker is known for its commitment to high-quality service and advanced technology.
History of ActivTrades
ActivTrades broker started in London and has grown into a significant player in the online trading world.
The company was established in 2001 and quickly became recognized for its ability to offer a broad range of financial products.
Over the years, it has built a reputation for being transparent, trustworthy, and providing robust trading conditions.
ActivTrades operates under strict regulations, including those from the UK’s Financial Conduct Authority (FCA) and other global authorities, ensuring the safety and security of its clients’ funds.
Features of ActivTrades Broker
ActivTrades stands out with a few key features that make it an attractive option for traders:
1. Wide Range of Instruments
Traders can access more than 1,100 different instruments, including major and minor currency pairs, commodities, indices, cryptocurrencies, and stocks via CFDs (Contracts for Difference).
2. Multiple Platforms
ActivTrades provides popular trading platforms like MetaTrader 4, MetaTrader 5, and its proprietary platform, ActivTrader, which is designed to be highly intuitive and user-friendly.
3. Leverage Options
ActivTrades offers competitive leverage, with up to 1:30 for clients in Europe and up to 1:200 in the Bahamas. This leverage allows traders to make larger trades with smaller amounts of capital.
4. Educational Resources
ActivTrades offers extensive educational resources to help both beginners and advanced traders improve their skills.
5. Client Support
ActivTrades provides 24/5 customer support through various channels like live chat, email, and phone.
Pros and Cons of ActivTrades Broker
1. ActivTrades is regulated by top-tier authorities, including the UK’s FCA, which ensures that your funds are protected.
2. Most of the trades on ActivTrades are commission-free, which is an advantage for many traders.
3. You can start trading with a minimum deposit of just $1, making it accessible for new traders.
4. ActivTrades offers a variety of markets, including Forex, stocks, commodities, and cryptocurrencies.
5. The broker provides advanced tools like technical analysis, charting, and news to help traders make informed decisions.
Cons of ActivTrades Broker
1. ActivTrades is not available in all countries, including the U.S. and Japan, due to regulatory restrictions.
2. While the broker is commission-free, its spreads can be higher compared to some other brokers, which might not be ideal for high-frequency traders.
3. While ActivTrades offers educational resources, it could improve its research tools for more advanced traders who need deeper market analysis.
Customer Review
Positive Customer Review
- Anonymous User 1: “I’ve been using ActivTrades for over a year now, and I’ve found the platform easy to use. I particularly enjoy their educational content, which has helped me improve my trading skills.”
- Anonymous User 2: “ActivTrades has excellent customer support. Whenever I have a question, they respond quickly and efficiently. The platform is smooth, and I’ve had a positive experience overall.”
- Anonymous User 3: “The range of instruments available is great, and I love that I can trade cryptocurrencies. I also appreciate that they offer both MetaTrader and their proprietary platform, giving me flexibility.”
Negative Customer Reviews
- Anonymous User 1: “The spreads can be a bit wide at times, which eats into my profits. I wish they offered tighter spreads, especially on more volatile instruments.”
- Anonymous User 2: “While their educational resources are good, I feel like they could offer more advanced tools for traders who need deeper insights into market movements.”
- Anonymous User 3: “Unfortunately, ActivTrades isn’t available in more countries. I had to look for another broker when I moved to Japan.”
How to Get Started with ActivTrades Broker
Getting started with ActivTrades is simple. The step-by-step guide is below:
1. Create an Account
Go to the ActivTrades website and click on “Open Account.” You’ll need to provide personal details like your name, email address, and phone number.
2. Verify Your Identity
As part of regulatory requirements, you’ll need to submit identity verification documents (e.g., a passport or driver’s license) to activate your account.
3. Deposit Funds
ActivTrades allows you to deposit funds through various methods, including bank transfers, credit cards, and e-wallets like PayPal.
4. Choose Your Platform
Select the trading platform you prefer, either MetaTrader 4, MetaTrader 5, or ActivTrader.
5. Start Trading
Once your account is set up and funded, you can begin trading your selected instruments. Be sure to take advantage of the educational resources to guide your trading.
Frequently Asked Questions
1. Is ActivTrades a trustworthy broker?
Yes, ActivTrades is a regulated broker with a strong reputation. It is authorized by top financial authorities, including the UK’s FCA and the Securities Commission of the Bahamas.
2. What trading platforms does ActivTrades offer?
ActivTrades offers three platforms, MetaTrader 4, MetaTrader 5, and its proprietary platform, ActivTrader.
3. What is the minimum deposit required?
The minimum deposit to open an account with ActivTrades is just $1, making it accessible for beginners.
4. Can I trade cryptocurrencies with ActivTrades?
Yes, ActivTrades broker offers over 20 cryptocurrency CFDs, including popular digital currencies like Bitcoin, Ethereum, and Litecoin as stated in this review.
Conclusion
ActivTrades broker is a solid choice for both beginners and experienced traders. It offers a range of trading instruments, user-friendly platforms, and competitive pricing.
While it may not have the tightest spreads or the most advanced research tools, it provides a secure and reliable trading environment.
This review of ActivTrades broker highlights its strengths and some areas for improvement.
Overall, many traders worldwide choose AdroFX Broker to begin their journey in online trading due to its low fees, range of assets, and accessible platform.