ActivTrades web trading review - Table of contents
Forex trading can be simple and profitable if you choose the right broker. ActivTrades is a preferred online forex trading broker not only in Europe but worldwide. The company was founded in 2001 in Switzerland but then moved to London, UK. But since then the broker has expanded its activity opening offices in other countries like Italy, Dubai, and the Bahamas.
ActivTrades is authorized and regulated by the FCA (UK). With this forex trading broker, traders will enjoy fast execution, safe and user-friendly environment, and excellent web trading platforms.
What is Web Trading
Let’s take a look at the essence of web trading before we continue with this ActivTrades review. What is web trading? This term stands for the trading activity that takes place online and requires access to a web trading platform.
The solution is provided by the online trading broker to their customers and allows them access to the financial markets. The web trading platform can be web-bases, online, or mobile or it can combine all of these.
Web Trading Platform
This broker is compatible with the latest versions of the most popular browsers and mobile device operating systems. ActivTrades offers to trade on MT4, MT5, and its proprietary online trading platform for every web trader.
The ActivTrader is an intuitive and user-friendly forex web trading platform with advanced features, perfect for beginner traders. It features market sentiment indicators, stops functionality, hedging, and more.
MT4 and MT5
The MetaTrader 4 is a forex web trading platform also a globally recognized solution, especially popular among forex traders. It included automated foreign currency trading, historical data, one-click trading, and more.
MetaTrader5 is the choice of the more experienced trader. Users can trade a wide variety of financial instruments such as shares, indices, forex, ETFs, and more. Among its key benefits are the excellent features it offers for example integrated currency trading statements, price alerts, historical data, and more.
All the above-mentioned forex web trading platforms have a mobile trading app. These apps allow full account management, customer support, payments, and more on tablets or mobile devices.
Markets and Products
Here traders will find a wide range of tradable assets on offer among which 50+ forex pairs, 15+ commodity CFDs, 35+ indices, more than 500 company shares, and more.
UK traders also get access to the spread betting functionality and a variety of ETFs. However binary options, bonds, and cryptocurrencies are not available. Compared to other brokers, here traders will find more company shares.
Spreads and Fees
This broker offers online forex spreads which are quite competitive between 0.5 and 0.8 pips for the most popular forex pairs. There are no commissions on forex trades and those on CFDs, financial spreads, and indices are as low as 0.5 pips.
There is no commission with spread betting for clients based in the UK and shares are available from $1 commission per side. However, the broker charges for overnight held positions.
The leverage cap with ActivTrades is 1:30 in line with the regulations. The maximum leverages are 1:30 for Forex, 1:5 for financials, 1:10 for commodities, and 1:20 for indices and shares.
With this broker, traders can choose from several trading account types. There is the individual, professional and Islamic (all accessible through the forex web trading platform).
The individual, as well as the professional account types, share similar features. However, the individual forex account has some additional features such as risk alerts, leverage warnings, and rewards.
Opening an account is simple and it can be done using a utility bill, ID or passport, or bank statement.
Deposits and Withdrawals
The minimum deposit with this broker is $500. There is a variety of payment methods to choose from and all of them have quite a fast processing time. For example, traders can choose to deposit their funds using Neteller, Skrill, Bank transfer, Sofort, Credit/ Debit card, or Paypal.
As for withdrawals, they are done through the option “request a withdrawal”. The profits can be retrieved via the following options: Neteller, Bank transfer, PayPal, Sofort, Skrill, and Credit or debit card.
Most of the payment providers process the payments the same day. All withdrawals are free with some exceptions.
Having the opportunity to test your skills in a demo account with a virtual £10,000 is a great way to start trading. Moreover, all three web trading platforms are accessible in the test forex account.
Deals and Promotions
The broker does not offer bonuses (including forex bonus) and or deposit promotions. However, there is a cashback offer that depends on the trading volume.
The minimum requirement for the trading volume is $10m. In general, the requirements in the promotional terms are high and the fact that the broker doesn’t offer a forex bonus has to be kept in mind.
At ActivTrades users can buy or sell cryptocurrencies like Bitcoin. However, they cannot deposit or withdraw with cryptocurrencies.
Although there is no information on the trading website regarding crypto trading, the Bitcoin chart used to be available at ActivTrades.
Copy trading is a popular practice offered across different forex brokers. However, on its trading website, ActivTrades doesn’t share any information about copy trading. It doesn’t become clear from the offered services and support if the broker has the copy trading option.
ActivTrades offers excellent resources for online trading education which include courses and webinars for every web trader level. Traders at all levels from beginners to advance can get free training.
The best part is that there are also private training sessions with industry experts. This broker also helps traders with bridging loans and offers alternative trading options.
Regulation and Licensing
ActivTrades is regulated by the FCA (UK) and also by the Securities Commission of the Bahamas. Both regulatory bodies are respectable and the broker received high trust ratings in most reviews.
As for security, the broker has insured fund protection up to $1 million. For additional security, the broker also uses encryption protocols for the foreign currency trading platforms, payments, and servers. Additionally, the MetaTrader platforms also ensure web trader security with authentication upon login.
This forex broker offers support in 14 languages. The support team can be reached via email or live chat. There is also a free call-back line.
Traders can also find answers to the most common questions in the FAQ section. The live chat function is fast and useful and the agents are friendly and knowledgeable.
ActivTrades has reached a 95% satisfaction rating for the support, so traders can rest assured that they will get excellent service.