ActivTrades: an introduction
ActivTrades is a global forex broker with several different entities. They offer competitive spreads and a fair value for international traders all over the world.
This post will review ActivTrades in detail, and go over all the pros and cons of using them as your forex trading platform.
Before we go into the details of trading with ActivTrades, let’s talk a little bit about the history of the forex broker.
ActivTrades was originally founded as a Swiss company in 2001. Four years later, in 2005, they moved their headquarters to London. Today they continue to operate as a UK-based forex broker, with other entities registered in countries around the world.
Between 2007 – 2008, ActivTrades began offering other trading platforms alongside forex. MetaTrader 4 is still one of the most popular trading platforms. They also began offering CFDs (contracts for differences) on Indices Financial and Commodities.
Over the next few years, ActivTrades grew in popularity across Europe. They began opening up offices in different countries to keep up with their growth, including China, Bulgaria and the Middle East. In 2012, they were named the best non-desk dealing forex trade broker at the International Investment and Finance Expo in China, as well as winning Best Forex Broker Internazionale Le Fonti for the second year in a row.
Since then, they have won several more international awards as a fair online forex broker. Today, ActivTrades continues to grow and keep up with the competition. They are registered and regulated in the UK, UAE and the Bahamas.
Features and Services of ActivTrades
ActivTrades is a non-desk forex trading broker, meaning there is no dealing desk and essentially no human interaction involved in trading, removing the element of risk by human error.
There are a lot of frauds and scams out there when it comes to Forex trading, so it is important to know the company you are going to be working with in detail. Here are some of the notable features of ActivTrades that make it a fair, legitimate forex broker.
ActivTrades offers 3 different types of trading platforms, each involving a certain amount of skill and knowhow to properly trade on.
Their original platform, ActivTrader, is a simple, web-based trading platform that can be accessed through any ordinary web browser. This is a good place for a beginner to forex trading to start out – they provide a plain, easy-to-understand interface with a variety of intuitive features and tools. Through the ActivTrader platform you can view charts and make use of a library of technical indicators.
MetaTrader 4 and MetaTrader 5 (MT4 and MT5) are their additional trading platforms. Both of these platforms are a little more advanced, and popular amongst professionals in the industry. MT4 and MT5 are developed and powered by MetaQuotes software. They are both a little more complex, but MT5 comes with more professional trading features, including an economic calendar.
Again, because of the risk of fraud, the most important feature of any forex broker is their legitimacy and reliability.
ActivTrades has won several awards over the years, so they are definitely well-certified and hold themselves to a high standard. They are regulated within the UK by the Financial Conduct Authority, which means that their traders are covered by the Financial Services Compensation Scheme – in short, if there is any kind of insolvency issue with ActivTrades as a broker, traders are insured.
They also have a good customer support system, available 24/7 to answer any questions or complaints about their trading platforms.
One fun, modern feature of ActivTrades is that they have made their trading platforms accessible through a smartphone or other mobile device. Their apps can be downloaded onto an Android or Apple device, and are easy to use on the go.
Not only can you view trading platforms on your smartphone, but you can actively make trades and transfer funds. This is a helpful feature for someone who trades while they are traveling.
ActivTrades offers several research tools included with their account fees. Traders can access periodic reports and market analysis through the online broker.
For the MetaTrader platforms, there are additional research tools for more advanced traders, including smart forecast custom indicators and a SmartOrder 2 module, powered by expert advisors.
They don’t have quite as many research tools and applications as some other brokers, but what they do have is intuitive and helpful, especially for a beginner to forex trading.
Now that we’ve gone through the best features of ActivTrades, let’s talk about how much it is going to cost.
This is not the cheapest forex broker out there. However, for the price you pay, you get great quality and certified reliability.
To open an account with ActivTrades, you will need at least €100 to begin trading.
They offer both individual and professional trading accounts, according to your needs. They also offer a totally free demo account, which is great for someone who just wants to get to know forex trading and learn how it works before they put any money down.
Commissions and Fees
ActivTrades charges a minimum commission of one euro for share trading services in Europe. They also charge for some real-time data. For MT5, US market data costs one euro per month, alongside a minimum commission with every trade.
Like most online brokers, ActivTrades takes a fee from their spread, or the difference between the buying and selling price. They have an average spread of 0.9 pips for the EUR/USD pair. This is slightly above average for online forex brokers – but again, the fees come as a part of the overall reliability and trustworthiness of the company.
Withdrawal and Payment Options:
ActivTrades makes funding your account and withdrawing funds easy, with compatibility with multiple payment methods.
For deposits, you can use a bank transfer or wire transfer, a credit or debit card, or a payment app like Skriller, Noteller or Sofort.
For withdrawals, you can also use a bank transfer or payment app. There may be some minimal charges on withdrawals, depending on your method. Non-SEPA bank transfers will charge a fee of 15 euros.
Pros of ActivTrades:
- Regulated – ActivTrades is regulated across multiple jurisdictions. With that regulation comes a little peace of mind and insurance, in case something goes wrong by the broker and you are scammed or unfairly treated.
- Established – this is a very well-established broker that has been around for nearly two decades, and won multiple awards.
- Mobile Trading – trading on the go is easy with mobile trading apps, accessible on all smart devices.
- Multiple Trading Platforms – they have three different trading platforms, allowing for different levels of trading. It is easy to start out in forex trading as a beginner and to advance as a more professional trader.
- Additional custom indicators and plugins – along with their three main trading platforms, ActivTrades offers additional custom plugins and indicators, for advanced traders to make the most out of their accounts.
- Relatively low minimum deposit – open your ActivTrades account with just €100 to begin trading.
No dealing desk – all transactions and trades are automated, so there is no risk of human error or cheating by a dealing desk.
Cons of ActivTrades:
Limited options for cryptocurrency – ActivTrades is mainly a platform for forex trading and offers limited cryptocurrency trading options. Cryptocurrency can only be bought and traded as CFD.
Slightly higher spread – ActivTrades charges a slightly higher fee on their spreads than some other brokers, costing you more in the long run.
Limited research tools – they do not offer as many research tools and applications as some other online brokers. For example, there is no real-time data on shares in MT5.
ActivTrades is a trustworthy and reliable forex trading broker. They have won plenty of awards over the years and are well-regulated across multiple jurisdictions. For someone in the UK or EU, they are a good, safe company to get started trading with.
That said, there are some downsides to using ActivTrades. They charge higher than average fees on their spreads, and they do not have as many special features and research tools as some other brokers. They also do not offer a good platform for cryptocurrency trading.
Who should use ActivTrades?
Because of their easy-to-use ActivTrades trading platform, mobile trading apps and stable reliability as a company, we would recommend ActivTrades to an individual who is just getting started with forex trading. Their free demo account is also a great way for a beginner to test the waters before getting started and putting their money at stake.
That said, remember that there is considerable risk involved with forex trading, no matter what broker you are using. If you are a beginner and want to get started with ActivTrades, make sure you do your research first, take a course and have a good idea of what you are doing before you put your money on the line.
All-in-all, this is a trustworthy, high-quality online forex broker. It would be a safe choice for most traders.