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ActivTrades is a forex broker that was started in 2001 by ActivTrades PLC. The international broker has its headquarters in London, UK. ActivTrades provides online forex brokerage, spread betting, and CFDs trading services to its clients. The firm is licensed in the UK and is controlled by the (FCA) UK’s Financial Conduct Authority. The company’s clients are also protected by the (FSCS) Financial Services Compensation Scheme in case the broker becomes bankrupt. The firm is also licensed in Dubai, and the Financial Services Authority controls it.
ActivTrades offers its clients excellent customer support services and tight spreads which make it a perfect choice for traders. Since the broker is regulated, clients have a guarantee that their money is secure, thus they invest without the worry of getting conned.
Trading Platforms: The forex broker provides its clients with a choice of trading platforms to use in trading activities. These include the built-in web-based ActivTrader trading platform which has a user-friendly interface that is straightforward to use and provides essential features to make trading more comfortable for all users. It also enables users to create a variety of charts and use highly developed Trading View chart options.
ActivTrades also allows its users to trade on the MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are ideal for quick execution of (CFDs) contracts for difference and forex trading activities. The platforms are user-friendly, allowing all types of traders to participate in trading opportunities. Also, users can enjoy features such as multi-lingual support, a wide range of charting tools, single-click execution, automated trading, and a variety of trading opportunities.
Also, the forex broker trading platforms are accessible to their clients in the form of downloadable mobile applications to use on iOS and Android mobile devices such as tablets and smartphones. Users can download the app from the Apple App Store or Google Play store respectively.
Account Options: ActivTrades offers the traders with a choice of three types of trading accounts: professional account, private account, and an institutional account.
The private trading account offers the clients a variety of trading opportunities, gives protection to the users’ funds by ensuring them as the FSCS requires. Also, the account provides favorable leverage and supports direct Trade implementation
The professional trading account targets the expert traders who prefer trading in large volumes. It allows users to access a wide range of trading opportunities and also offers them the services enjoyed by private account users. This account has a minimum balance requirement for users to access its services.
The institutional account targets corporate clients and provides all the opportunities and services to the private and professional accounts users. In addition, the account has a minimum balance requirement, offers variable spreads, and charges a commission on executed trades.
They also provide a Swap-free trading account that uses Islamic Sharia laws. In addition, the clients can access a free demo account intended for trading practice and also allow them to access the trading opportunities provided.
The forex broker offers traders with a wide range of trading opportunities and services such as various currency pairs, precious commodities, forex trading indices, popular cryptocurrencies, and stocks; the trading opportunities available are also commission free.
In addition, ActivTrades’ trading accounts offer its clients favorable spreads that allow them to make high returns on their investments.
Payment Methods: The broker offers a variety of payment options to its clients to enable them to complete deposit and withdrawal transactions effectively. These include direct bank transfers, Skrill, Neteller, Sofort, and debit and credit cards payments. ActivTrades does not restrict withdrawal of funds from the account. However, for credit cards withdrawals, users are not allowed to withdraw more than they deposited using the credit card.
Also, the fees charged for withdrawal requests are based on the means of payment employed. A withdrawal through Non-SEPA transfer methods attracts a commission. However, there are no charges on withdrawals made using other payment methods available.
Client Support Services: ActivTrades clients are provided with various methods to use in contacting the Customer Support staff. Users can use the provided phone numbers, live chat feature on the site, submit request forms, and email the support team. The forex broker also has an education center that enables traders to access a variety of trading resources like manuals, training videos, webinars, etc.
- Users are provided with a variety of trading platforms.
- The broker is licensed and well regulated.
- Clients have a choice of trading accounts.
- The broker offers a free demo account for trade practice.
- The site’s FAQ section is not extensive enough.
- Though the firm is registered in Dubai, it has no offices located in the region.
- Client support services are not available 24/7
- The broker charges a commission on all withdrawals through Non-SEPA transfer methods.
ActivTrades has a lot of experience in the forex trading market and has been offering excellent forex trading opportunities and services to enable all types of traders to reap high returns from their investments.
Also, the broker offers a wide range of trading opportunities and services such as various currency pairs, precious commodities, forex trading indices, popular cryptocurrencies, and stocks. They also provide multi-lingual client support and offer trading education to their clients. ActivTrades is an excellent forex trading firm that all those who have an interest in the market should consider.